Mortgage

Number of mortgages for UK first time buyers doubles in three years

Posted by on 04/06/2015 at 9:30 am
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  Published by Property Wire on Tuesday, 02 June 2015   The number of mortgage products available to first time buyers in the UK has doubled in the last three years, while rates have dropped by 1%, new research shows. Since 2012 the number of 95% mortgages available has increased by 448%, according to a […]

Co-op Bank offer lowest ever fixed rate mortgage

Posted by on 08/05/2015 at 5:20 pm

  Published by Money Expert on Tuesday, 05 May 2015   Last Friday saw the lowest fixed rate mortgage ever offered in the UK go on sale. The deal offered a rate of 1.09% that is fixed for two years. This new deal is the latest punch thrown in the mortgage price war that has […]

UK residential mortgage market becoming too restrictive

Posted by on 08/02/2015 at 7:32 pm

  Published by Property Wire on Friday, 6 February 2015   Renewed optimism in the UK mortgage industry for growth in 2015 is being overshadowed by the view that the market has become too conservative, it is claimed. Post financial crisis regulation is hampering the market and brokers are reporting difficulties in meeting customer needs, […]

Bank of England dissenters drop call for higher rates after inflation slump

Posted by on 23/01/2015 at 5:20 pm

  Published by Reuters on Wednesday, 21 January 2015 by David Milliken and Li-mei Hoang   (Reuters) – Two Bank of England policymakers have ditched their long-standing calls for an end to record-low interest rates in the face of tumbling inflation, prompting economists to again push back forecasts of when the BoE will start to […]

New scheme launched to boost self build in the UK

Posted by on 23/01/2015 at 2:12 pm

  Published by Property Wire on Thursday, 22 January 2015   A new scheme that will enable more people to build or customise their own homes in the UK while also helping local authorities with land to develop has been launched. Designed to de-risk the process of obtaining mortgages for self built and custom built […]

Hinckley & Rugby updates seven mortgage rates

Posted by on 16/01/2015 at 4:32 pm

  Published by FT Adviser on Wednesday, 14 January 2015 by Peter Walker   Hinckley and Rugby Building Society has cut the interest rates on seven mortgages, including two buy-to-let deals. The news discounted rates apply to several high loan-to-value deals. A 95 per cent loan-to-value two-year discount mortgage is down from 3.85 per cent […]

Fleet issues first mortgage offer

Posted by on 15/01/2015 at 6:32 pm

  Published by Mortgage Introducer on Monday, 12 January 2015 by Ryan Bembridge   Fleet Mortgages has issued its first mortgage offer 10 days after receiving the full application from distributor Buy to Let Club. The product was a 2-year Buy-to-Let remortgage of 3.29% to 75% LTV on a four-bedroom house in the South East. […]

Lenders increase proc fees

Posted by on 08/01/2015 at 8:39 pm

  Published by Mortgage Finance Gazette on Monday, 05 January 2015 by Joanne Atkin   A number of mortgage lenders are increasing their procuration fees after a flurry of providers did the same towards the end of last year. For all new residential mortgage applications received by Skipton Intermediaries, proc fees will rise to 0.40 […]

New starter home initiative announced by UK government

Posted by on 17/12/2014 at 10:30 pm

  Published by Property Wire on Wednesday, 17 December 2014   A new scheme offering 100,000 first time buyers in the UK new homes with a 20% discount has been announced by the Prime Minister as part of a major push to help people onto the housing ladder. Aspiring home owners will be asked to […]

Metro Bank launches BTL portfolio proposition

Posted by on 13/12/2014 at 6:33 pm

  Published by FT Adiser on Thursday, 11 December 2014, By Emma Ann Hughes   Metro Bank has launched a new buy-to-let proposition for its customers, enabling them to hold up to 25 properties in their portfolio. The lender will allow 25 buy-to-let properties up to a value of £5m and 75 per cent loan-to-value […]