Mortgage Blog

UCB, a part of Nationwide Building Society, enhances self-cert and b2l deals

MortMan — Mon, 26 Feb 2007 19:20:00 +0000

UCB Home Loans is reducing fixed rates across its entire core range of self-certification and buy-to-let mortgages.

All two-year fixed ...

Average consolidated loan hits £13k

MortMan — Sun, 25 Feb 2007 12:23:00 +0000

More than six million people have taken on more debt in the past three years in a bid to get ...

Bank of America eyeing up UK mortgage market as Downer joins

MortMan — Fri, 23 Feb 2007 23:00:00 +0000

News currently being spread is that the Bank of America is “actively seeking” to get into the UK mortgage lending market ...

Lloyds TSB loses mortgage market share

MortMan — Thu, 22 Feb 2007 03:02:00 +0000

Lloyds TSB, which owns Cheltenham & Gloucester and Scottish Widows, has witnessed a 1% fall in its share of the ...

Support for HIPs postponement gathers pace

MortMan — Wed, 21 Feb 2007 10:10:00 +0000

The Royal Institution of Chartered Surveyors (RICS) has taken the same tact as the Council of Mortgage Lenders (CML) by ...

Local authorities not ready for HIPs, says expert

MortMan — Tue, 20 Feb 2007 16:16:00 +0000

Government-backed organisation Council for the National Land & Property Information Service (C-NLIS) has welcomed the CML's call for the postponement ...

Platform to roll out instant offers by end of year

MortMan — Mon, 19 Feb 2007 17:21:00 +0000

Platform homeloans has delivered its first same day mortgage offer using AVM technology and its clickdecision online system - and ...

MPC voted 7-2 to maintain rates

MortMan — Sat, 17 Feb 2007 23:33:00 +0000

Seven members of the Bank of England’s Monetary Policy Committee voted to maintain the base rate at 5.25% in February ...

A&L to give Northern Rock and BM run for their money

MortMan — Fri, 16 Feb 2007 11:38:00 +0000

Alliance & Leicester is to launch a range of deals that combine a mortgage with unsecured lending - competing with ...

Postpone HIPs, says Council Of Mortgage Lenders

MortMan — Thu, 15 Feb 2007 13:43:00 +0000

The Council of Mortgage Lenders (CML) is calling for the implementation of HIPs to be postponed until full evidence from ...

New self-cert and b2l deals available

MortMan — Tue, 13 Feb 2007 00:06:00 +0000

Specialist lender The Mortgage Works (TMW) has made a number of changes to its portfolio and reduced the rates on ...

Nationwide increases valuation and homebuyer report fees

MortMan — Mon, 12 Feb 2007 15:13:00 +0000

Nationwide Building Society has upped its valuation and homebuyer report fees across the board.

The new fees will take affect ...

Quarter of UK lenders offer 40-year mortgage terms

MortMan — Sun, 11 Feb 2007 17:22:00 +0000

Eight out of 10 lenders are now offering maximum mortgage terms in excess of 25 years, while a quarter of ...

Portman to shut down nine branches

MortMan — Fri, 09 Feb 2007 15:34:00 +0000

Portman Building Society is to close nine of the 26 branches it identified last year as underperforming.

The affected branches ...

Buy-to-let housing market set to 'expand further'

MortMan — Thu, 08 Feb 2007 10:41:00 +0000

The buy-to-let market is set to expand further in 2007 with a fifth of those planning to buy a home ...

January house prices 'rose 1.3%'

MortMan — Wed, 07 Feb 2007 16:46:00 +0000

UK house prices are still rising strongly despite recent interest rate rises, according to the country's biggest mortgage lender, the ...

UK Mortgage Fees Scandal, goes on and on!

MortMan — Fri, 26 Jan 2007 12:26:00 +0000

Borrowers who paid extortionate mortgage exit fees when they switched lender could be in line for refunds after a crackdown ...

The high price of special offers: Mortgage fees are on the up.

MortMan — Mon, 20 Nov 2006 07:00:00 +0000

Stephen Pritchard reports on how to reduce the burden
Published: 15 November 2006

Mortgage arrangement fees are an increasingly important ...

Leeds offers five-year buy to let deal

MortMan — Sun, 19 Nov 2006 08:00:00 +0000

Leeds Building Society has launched a new five-year buy-to-let mortgage at 5.49%.

The mortgage allows 10% capital repayments each year ...

CML: 80% of 'adverse' sold through intermediaries

MortMan — Sat, 18 Nov 2006 09:00:00 +0000

Four fifths of adverse credit mortgages are sold through intermediaries, compared to less than 60% of non-adverse, figures from the ...

New offsets from the Coventry

MortMan — Fri, 17 Nov 2006 10:56:00 +0000

Coventry Building Society is adding a new offset tracker to its mortgage product range.

Key features of product are +0.10% ...

Heritable Bank enters new areas

MortMan — Fri, 17 Nov 2006 10:37:00 +0000

Heritable Bank has produced two new products and entered into new mortgage areas. Both products are available now, with the ...

Half of UK to qualify for equity release by 2010

MortMan — Fri, 17 Nov 2006 10:25:00 +0000

By Libby Sibilev
Half of the UK population will qualify for an equity release scheme by 2010, Key Retirement Solutions ...

UK New Build Update: NHBC to work with MDA on new build HIPs

MortMan — Fri, 17 Nov 2006 07:00:00 +0000

MDA Advantage, a home information pack (HIP) provider and NHBC, the warranty and insurance provider for new homes, have announced ...

New deals from Northern Rock

MortMan — Thu, 16 Nov 2006 15:53:00 +0000

Northern Rock is launching a new mortgage range in response to recent market changes and the adjusted Bank of England ...

40-year mortgage term trend continues

MortMan — Thu, 16 Nov 2006 14:00:00 +0000

Britannia Building Society has become the latest lender to increase its maximum mortgage term to 40 years. It said the ...

Portman increases SVR by 0.24% to 6.99%

MortMan — Thu, 16 Nov 2006 10:05:00 +0000

Portman Building Society will increase its Standard Variable Rate by 0.24% to 6.99% with effect from 16 November 2006 for ...

Bank hints rate rises are over

MortMan — Wed, 15 Nov 2006 10:58:00 +0000

Jim Armitage, Evening Standard
15 November 2006

Homeowners could be spared a further interest rate rise after a major report ...

Crackdown on rogue estate agents

MortMan — Wed, 15 Nov 2006 09:27:00 +0000

This is Money
15 November 2006

Estate agents will have to join redress schemes under legislation that aims to step ...

Northern Rock increases SVRs

MortMan — Wed, 15 Nov 2006 07:00:00 +0000

Northern Rock is increasing its variable mortgage rates following last week's base rate rise by the Bank of England.

For ...