Tracker Mortgages
100,000 move home to escape neighbours from hell
Almost 100,000 people moved home in the last two years in order to get away from their neighbours, according to new research by Abbey Mortgages, which analysed the reasons why people with mortgages move home.
Leeds Building Society 1 year fixed rate mortgage at 2.99%
Leeds Building Society has launched a market leading 1 year fixed rate mortgage at only 2.99% available up to 65% LTV.
first direct offset lifetime tracker mortgage
Commenting on the new first direct offset lifetime tracker mortgage, Hannah-Mercedes Skenfield, mortgages channel manager at moneysupermarket.com, said:
first direct launches lifetime tracker mortgage at 2.58%
first direct has announced the launch of its new market leading offset tracker which tracks 2.08% above the Bank of England base rate (currently 2.58%).
Yorkshire Building Society updates mortgage range
Yorkshire has re-entered the tracker mortgage market with a range of two year products available up to 85% loan to value and from 2.79% (BoE + 2.29%) with the flexibility of choosing capped or uncapped products.
More mortgage rate cuts from Abbey
From Friday 27 November, borrowers will be able to benefit from further reductions to Abbey and Alliance & Leicester's mortgage rates.
Coventry reduces mortgage rates by up to 0.66%
Coventry Building Society is launching a new mortgage product range with rates lowered by up to 0.66%.
Yorkshire Building Society launches new stepped tracker
On Friday 13th November, Yorkshire Building Society is launching a new three-year stepped tracker product which will have an interest rate of Bank Base Rate plus 3.49% in year one, dropping to BBR plus 2.49% in year two and BBR plus 1.49% in year three.
Britain's wasted mortgage years
More than half (53%) of borrowers who say they are on a tracker mortgage are still not taking advantage of historic low interest rates to overpay on their mortgage, suggests research by Unbiased.co.uk.
first direct new base rate tracker mortgage
first direct has launched a new market leading offset tracker mortgage which tracks the bank of England base rate plus 2.29% for the life of the loan.
Are tracker mortgages facing extinction?
Figures from moneysupermarket.com show that the alarming fall in available mortgage products has continued, despite previous claims of ‘green shoots' in the housing market.
Are tracker mortgages looking better value than fixed rates?
Navigating the mortgage market maze is difficult at the best of times, but the last five weeks have been more turbulent than most. June saw the cost of fixed rate mortgages rocket, with many lenders increasing their 5 year fixes by around 1%, despite swap rates peaking as long ago as 11 June.
New 3 year tracker mortgage from The Co-operative Bank
The Co-operative Bank (LON:CPBB) is launching a new market leading 3 year tracker mortgage at a rate of 2.39%. The new mortgage available from Wednesday 27th May and offers a more generous LTV than most competitors' lowest prices products at up to 75%.
YBS launches capped tracker with reduced fees and cashback
Yorkshire Building Society has launched a new two-year tracker product with an interest rate of 3.19% (BoE + 2.69%) capped at 5.49%.
Alliance & Leicester launches best-buy 2-year tracker
On Friday 24 April, Alliance & Leicester is launching a best-buy 2-year tracker at Base Rate plus 2.45 per cent (currently 2.95 per cent) with a £499 fee and 75 per cent Loan-to-Value (LTV). The new product is available to homebuyers and remortgagers borrowing up to £250,000.