Latest News

Falling rates seduce remortgagers

16th, May, 2013

Two thirds (66 per cent) of homeowners remortgaging an existing property in April did so to take advantage of lower mortgage rates, according to research from LMS.

First-time buyer activity up again in March

15th, May, 2013

First-time buyer activity remained strong in March with the number of first-time buyers increasing by 20 per cent according to data published today by the Council of Mortgage Lenders.

More borrowers favouring longer-term fixes

14th, May, 2013

The proportion of borrowers taking out a long-term fixed rate mortgage, i.e. for more than three years, has been rising since March 2012, according to research from global business intelligence provider RFi.

Concern that retired landlords may leave buy-to-let due to rising costs

14th, May, 2013

Rising costs coupled with increased exposure to rent arrears may spark a change in trend and force landlords reaching retirement age to leave the buy-to-let sector rather than continuing to rent out their properties.

Mortgage rate cuts at Nationwide

14th, May, 2013

From Wednesday 15 May 2013, Nationwide is reducing all of its rates at 75 per cent loan to value (LTV) and all three year fixed rates by up to 0.35 percentage points.

Mortgage range doesn’t meet customer needs

13th, May, 2013

Four out of five people don’t think the current range of mortgage products provides enough choice and differentiation to meet customer needs, according to research from housing investment and equity loan provider, Castle Trust.

Prices rise £6,726 over the past twelve months

10th, May, 2013

House prices in England and Wales climbed £707 in April and have risen £6,726 in the past 12 months and only two of the 10 regions in the countries have seen negative house price growth.

New higher LTV range with no fees from Abbey for Intermediaries

10th, May, 2013

Abbey for Intermediaries (AFI) has launched a fantastic new range of fee-free products at 85 per cent and 90 per cent LTV, to support first-time buyers and borrowers with a higher LTV.

Hinckley & Rugby lowers mortgage rates

10th, May, 2013

Hinckley & Rugby Building Society is one of the first of the smaller mutuals to access the Bank of England’s Funding for Lending Scheme (FLS), enabling it to lower mortgage rates. The society has draw down £5 million in its first tranche after approval from the Bank of England and regulators. The money has immediately [...]

Buy-to-let sector continues to grow, reports CML

9th, May, 2013

Gross mortgage lending of £4.2 billion across 33,500 mortgages was advanced to buy-to-let landlords in the first quarter of 2013, according to latest survey data from the Council of Mortgage Lenders. This compares with £4.6 billion the previous quarter, and £3.7 billion in the first quarter of last year.
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