A few weeks ago, Northern Rock announced they were not going to be offering their existing mortgage customers a new mortgage when they’re current offer came to an end.
Instead, existing customers were offered products from the Lloyds TSB range.
This may well suit a number of people but there is every possibility not everyone with a […]

Low rate fixed rate mortgages are becoming available once more with several lenders reducing rates more than once in recent weeks.
Following a recent spate of rate reductions borrowers can now access a low fixed rate mortgage at just 4.69%.
This low rate offer does however have a downside. The arrangement fee is 2.5% of the loan […]

In the space of a few months news reports have signaled the death of the Buy-to-let market, continuing gloom and doom and significant losses for recent would-be landlords.
But the grey clouds have a silver lining.
Most Buy-to-let properties are purchased using an ‘interest only’ mortgage. What this means is only the interest is repaid and the […]

It’s only been a matter of days since several mortgage lenders announced a drop in their rates but a number of consumers are likely to be annoyed at the circumstances which may have led them to secure a mortgage in recent weeks at a rate which puts them out of pocket compared to one they […]

Everywhere you look at the moment the news is full of portents of financial doom. The word ‘recession’ has even been used in some instances.
The cost of living is on the increase at a hefty rate of knots due to oil and food price rises and the UK public is being warned to prepare for […]

According to a survey by Spicerhaart Financial Services consumers are opting to fix their mortgage rates for longer.
Instead of choosing shorter term 2 or 3 year fixed rates in order to shop around more frequently for the best deal, borrowers appear to adopting a more cautious approach in light of recent rate rises by […]

Last month house prices fell by just 0.9%, less then half the rate of last month according to Fionnuala Early, Nationwide’s Chief Economist. “Prices in June are now 6.3% lower than this time last year and have fallen 7.3% from their peak last October.”
Although the downturn has slowed prices are 6.3% lower than this time […]

HBOS intends to retain a 20% share of the UK mortgage market following news that Abbey and HSBC have achieved a 25% stake through a recent surge in demand for their products.
Mr. Cammy Amaira, director of sales for IF (Intelligent Finance) said “HBoS wants to do one in five mortgages this year….we want to have […]

Cheltenham and Gloucester, Norwich & Peterborough, Lloyds TSB Scotland and Halifax have unsurprisingly increased rates on selected mortgage products.
Halifax, Lloyds and C&G’s rates have risen by 0.3% and N&P by 0.25%.
Lenders rates continue to creep ever higher as ‘swap rates‘ force the price of money ever upward.
Swap rates are directly responsible for LIBOR, the London […]

For the second time in a month Nationwide Building Society has increased mortgage rates across its range.
Earlier this month rates were available from a reasonably competitive 5.85% for a fixed rate deal. Now the lowest rate available is 6.35% (up to 75% loan-to-value), a rise of 0.5%.
Borrowing over 75% loan-to-value now has a minimum […]