Santander launches Newbuy mortgages

Santander has launched a range of NewBuy mortgages via intermediaries with established ties to Barratt Homes, Berkeley, Bovis Homes, or Persimmon. The new range of mortgages, available as part of the Government’s NewBuy scheme, are designed to help borrowers trying to get their first step on the property ladder. The NewBuy range offers three, five [...]

Twice the price to be beside the seaside

In the last 10 years house prices have more than doubled in half of the seaside towns surveyed in England and Wales, according to latest research from Halifax. Over the past decade, the average house price in seaside towns rose by 97 per cent, slightly ahead of the 95 per cent increase in the whole [...]

Coventry cuts rates

Coventry Building Society has reduced rates and fees on selected products across its Buy to Let range. Highlights include; Buy to let mortgages 4.30 per cent (reduced from 4.49 per cent), 2 year fixed rate until 31.07.14, 65 per cent LTV, £250 booking fee with no arrangement fee. 3.99 per cent, 2 year fixed rate [...]

CML reports repossessions stable, arrears falling

The number of repossessions in the first quarter of 2012 was 9,600, the same as in the first quarter of 2011, breaking the recent trend of year-on-year increases in repossessions, according to the Council of Mortgage Lenders. Repossessions in the first quarter were higher than the 8,700 that took place in the fourth quarter of [...]

Buy-to-let falls in the first quarter of 2012

New buy-to-let lending in the first quarter of this year totalled £3.7 billion (32,300 loans), according to the Council of Mortgage Lenders. This was five per cent down on the fourth quarter of 2011. While 32 per cent higher than in the first quarter of 2011, buy-to-let lending is still only around a third of [...]
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