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Mortgage basics
Nationwide account for 15.1 per cent of UK residential mortgage lending
The Nationwide Group has increased its gross mortgage lending by 17 per cent to £21.5 billion up to April 4th 2013, accounting for 15.1 per cent of all UK residential mortgage lending.
Landlord Action encouraged at BoI decision to reverse some mortgage rate hikes
After nearly three months of campaigning and encouraging landlords to complain, Landlord Action is pleased to hear that the Bank of Ireland has written to the 1,200 borrowers, who were threatened with an increase in their mortgage rate, to advise them that they will not face the change after all, following a review of customer complaints. However there are still many buy-let-let borrowers facing rises three times their existing monthly payment. Landlord Action believes that the banks reaction to the campaign will encourage even more landlords to come out and voice their complaints.
Falling rates seduce remortgagers
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.
More borrowers favouring longer-term fixes
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.
Mortgage rate cuts at Nationwide
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 news
Nationwide account for 15.1 per cent of UK residential mortgage lending
The Nationwide Group has increased its gross mortgage lending by 17 per cent to £21.5 billion up to April 4th 2013, accounting for 15.1 per cent of all UK residential mortgage lending.
Landlord Action encouraged at BoI decision to reverse some mortgage rate hikes
After nearly three months of campaigning and encouraging landlords to complain, Landlord Action is pleased to hear that the Bank of Ireland has written to the 1,200 borrowers, who were threatened with an increase in their mortgage rate, to advise them that they will not face the change after all, following a review of customer complaints. However there are still many buy-let-let borrowers facing rises three times their existing monthly payment. Landlord Action believes that the banks reaction to the campaign will encourage even more landlords to come out and voice their complaints.
Falling rates seduce remortgagers
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.
More borrowers favouring longer-term fixes
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.
Mortgage rate cuts at Nationwide
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.
Mortgages in depth
Good deals are available to borrowers looking for a new mortgage
Four years have passed since the credit crunch began and, since then, the mortgage market has changed markedly. All borrower types, whether you are a first-time buyer, remortgage customer or landlord, have been affected. For example, we have seen low deposit mortgages become rare, record low interest rates and lenders’ credit criteria tightened. The mortgage [...]
How will a Bank of England base rate rise affect borrowers wanting to remortgage?
Although the Bank of England base rate has been at a record low of 0.5% since April 2009, mortgage customers still need to prepare for a potential rise. Even the expectation of a base rate rise is enough to affect the price of mortgages. Earlier this year, some said that we would see a base [...]
Could you make hay while the sun shines?
With base rates at a historical low since March 2009, the outlook may seem particularly sunny at present. However Martyn Dyson, Head of Mortgages at Nationwide Building Society, unravels a more complex situation and suggests mortgage customers may wish to review their position to make the most of the changing mortgage marketplace. While mortgage rates [...]
How could you protect yourself from increases in your monthly mortgage payments?
Sponsored Article The Bank of England base rate has been at the historic low of just 0.5% for almost two years but some economists are predicting that we will begin to see rates increase during 2011, perhaps several times. For some mortgage customers this is cause for concern and across the industry we are already [...]
Everything You Need to Know About Equity Release
The housing and mortgage market has endured a torrid time over the past 18 months, yet equity release has withstood the pressures of the slowdown remarkably well.
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