Archive for the ‘Mortgages’ Category

Santander have today reduced rates by up to 0.4% across it 4-year fixed term mortgages. This is the sixth time this year that Santander have cut rates. The new rates are as follows: 4-year fix at 4.49% with a £995 fee, available up to 70% loan-to-value (LTV) available to remortgage (free ... Full story

11 building societies are happy to take your mortgage overpayments but not give you the benefit from them for up to a year - find out who they are, and what you can do about it. Full story

Coventry Building Society has announced that it is to reduce the rates on its Residential Remortgage range of products. Coventry has also announced that it is launching a unique fixed rate deal, offering unlimited overpayments without penalty. The new range will include: a 2 year fixed rate residential mortgage at 4.99%, £199 ... Full story

After nine consecutive monthly increases, there was a 1% month-on-month fall on the price of a typical UK property in February – a decline that may be explained by the snowy weather during the month, as well as by the expiry of the stamp duty holiday. The three month on three month rate of ... Full story

Tempted to sign up for Santander's competition to get your mortgage paid for a year? Choose a better deal and get the savings for yourself. Full story

Santander vs HSBC - two banking heavyweights go head-to-head in the packaged current account arena, with quite different offerings - find out which one comes out on top. Full story

It is now just over 21 years since the launch of the fixed rate mortgage, with Halifax publishing research into the product to coincide with the anniversary. Fixed rate mortgages were launched in the late 80s by Halifax, and CML figures show that by 2009, 68% of new mortgage lending was on fixed ... Full story

The Post Office has cut the rates on its fixed and tracker mortgage products for the second time in a month. The changes come into effect immediately and coincide with a new range of 75% loan-to-value (LTV) mortgages that the Post Office is launching. The previous rates cuts were made at the end of ... Full story

Gross mortgage lending has continued to decline in 2010 according to the Council of Mortgage Lenders (CML). Figures show that lending came in at £9.1 billion in January, a 32% fall from £13.4 billion in December and a 21% fall from £11.5 billion in January 2009. A decline is typically experienced between December and January. ... Full story

Better deals for house buyers and sellers could be secured through a shake-up of how homes are sold, including updating legislation and allowing new entrants into the market, a report by the OFT has claimed. The study found that the housing market remains dominated by traditional estate agents with weak competition between them ... Full story