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- Fixed-rate mortgages see interest levels drop - 10th December, 2009
Major mortgage lenders such as Abbey, Alliance& Leicester, first direct and Yorkshire Building Society have reduced the interest on their fixed-rate deals this week, a move which has been welcomed by industry players.
Independent mortgage lender John Charcol said that those who have been holding out for a quality fixed-rate loan since interest peaked in August are now getting an early Christmas present from the banks... - First-time buyers use stamp duty holiday while they can - 26th November, 2009
Financial advice website moneysupermarket.com is calling on the government to extend stamp duty holiday after seeing first-time buyers rush to take out a mortgage while they can still avoid the tax.
Research by the site showed that the number of people looking for a property valued at less than £175,000 has increased by nine per cent in the last three months... - Interest drops for fixed-rate mortgages - 24th November, 2009
Mortgage lenders have reduced the interest on their short-term fixed-rate products to below five per cent for the first time since June this year, according to a new study of the market by financial advice website Moneyfacts.
It found that the average rate on a two-year fixed-rate mortgage is now 4.99 per cent, down from the peak of 5.21 per cent recorded at the end of July... - 'Double-dip' recession pushes mortgage rates up - 23rd November, 2009
Mortgage lenders are increasing the interest rates on their home loans amid fears that house prices will drop as the result of a 'double-dip' recession.
Experts claimed last week that the economy may suffer a fall after initial positive reports of a recovery, which could see house prices start to lower again, and lenders such as Northern Rock and Royal Bank of Scotland have reacted by hiking mortgage rates... - Buy-to-let mortgage lenders show positive signs - 17th November, 2009
Landlords looking for a buy-to-let loan are seeing more products being made available to them as mortgage lenders react to the recovery in the UK economy.
Research by Moneyfacts showed that the buy-to-let mortgage market was one of the worst-hit, with the number of loans on offer dropping from a peak of 3,662 in August 2007 to a low of 179 in September this year... - Fixed-rate mortgages unveiled by Nationwide - 10th November, 2009
Nationwide Building Society has announced that home movers and those looking to remortgage their property will be able to take advantage of reduced mortgage rates with a new range of products.
Existing home mortgage customers with the group who are looking to buy a new house may be interested in a two-year fixed-rate deal, offering up to 95 per cent loan-to-value and a rate of 3.78 per cent... - Most Brits happy to remain in current home, Aviva survey reveals - 6th November, 2009
The majority of homeowners with buy to let and fixed rate mortgages are happy to remain in their existing home because of economic uncertainty.
This is according to a new poll by Aviva, which revealed that this was the case among almost three-quarters (74 per cent) of property owners... - Five hunters for every property, NAEA survey reveals - 6th November, 2009
Property hunters hoping to secure a buy to let or fixed rate mortgage may have their work cut out if the results of a new National Association of Estate Agents (NAEA) survey are anything to go by.
This is because estate agents are registering five house hunters for every one available property, meaning that demand is far outweighing supply... - Lloyds TSB: Parents help children onto the home mortgage ladder - 30th October, 2009
Young men and women are being offered a helping hand to cover the costs of their first home mortgage from their parents, it has been discovered.
A new poll from Lloyds TSB suggests that 70 per cent of all homeowners believe now is a good time for their offspring to become first-time buyers and take out a mortgage, with 23 per cent of those adding that they will chip in... - Leeds Building society launches fixed-rate mortgage - 26th October, 2009
A new market-leading fixed-rate mortgage which allows those without the funds for a large deposit to take advantage of low rates has been introduced by Leeds Building Society.
The group has unveiled the home mortgage, which has a rate of 5.75 per cent and a loan-to-value of 85 per cent, meaning that first-time buyers only need a 15 per cent deposit...