Subscribe to Mortgages News
Mortgages news
- First-time buyers relying on parental financial help - 23rd October, 2009
Increasing numbers of first-time buyers looking at taking out a home mortgage are relying on financial help from their parents.
This is according to new research from Lloyds TSB, which revealed that almost one in four mums and dads (23 per cent) are intending to use their savings to help their children buy their first home... - Post Office enters home mortgage market - 19th October, 2009
The Post Office is set to increase competition in the home mortgage market by launching a tracker deal to rival major lenders.
The loan tracks the Bank of England base rate plus 3.09 per cent, which means customers can take advantage of the current low-interest environment with a total rate of 3.59 per cent... - Nationwide offers home mortgage discounts - 16th October, 2009
First-time buyers looking to get onto the property ladder have received some help from mortgage lender Nationwide, which has introduced fee reductions and rate cuts across many of its products.
Customers taking out a three, four or five-year fixed-rate mortgage or a three-year tracker deal from today (October 16th) will be offered a £500 discount off the reservation fee... - First direct offers fee-free home mortgages - 14th October, 2009
HSBC subsidiary First Direct has unveiled two new home mortgages which do not require any upfront fees - something which may interest first-time buyers looking to purchase a home.
Both home mortgages allow customers to link up the loans with a savings account in order to offset the costs of repayments and reduce outgoings in the difficult economic climate.
The first deal is a tracker mortgage which has an interest rate of 2.49 per cent plus the Bank of England base rate, currently at 0.5 per cent, and requires a deposit of 40 per cent... - Abbey, Nationwide reduce mortgage rates - 8th October, 2009
Major mortgage lenders such as Abbey and Nationwide have taken positive steps to prompt competition in the market by reducing interest rates on their home loan products.
According to Moneyfacts, the flurry of activity in the home mortgage market over the past seven days is "refreshing" and adds further evidence to reports that the country is lifting out of the recession... - HSBC offers £500,000 for home mortgages - 30th September, 2009
High street bank HSBC has allocated half a million pounds to help those looking to take out a home mortgage get the financing they need.
The bank had previously set a target of £1 billion worth of mortgage lending for 2009, but since reaching this the firm has decided to offer £500,000 more especially to first-time buyers with small deposits... - Make home mortgage overpayments, urges website - 23rd September, 2009
A financial advice website has claimed that home purchase loan customers who are on a tracker deal should be using the current low mortgage rate environment to shorten the lifetime of their debt.
According to Unbiased.co.uk, 53 per cent of tracker mortgage borrowers are still not making overpayments, even though the Bank of England's base rate is into its seventh month at 0.5 per cent... - Customers flock to HSBC for cheap mortgage rates - 17th September, 2009
Banking giant HSBC has announced that it is seeing an increase in customers looking for a home mortgage with the company since launching its market-leading discount loan.
On September 1st, the firm announced that customers could take advantage of a 1.99 per cent discount mortgage providing they can afford the 40 per cent deposit and upfront arrangement fees of £1,199... - Woolwich cuts mortgage rates - 16th September, 2009
Those looking for a home mortgage deal which comes with a low interest rate may be interested in new deals being introduced by Barclays subsidiary Woolwich.
In a move which sees its mortgage rates reduced for the second time this month, the group is changing interest levels on some of its fixed-rate deals while also adding a new tracker loan to its portfolio... - Lower mortgage rates fail to lead to cheaper deals, says John Charcol - 15th September, 2009
Independent mortgage lender John Charcol has said that, with the Bank of England's decision to keep its base rate at 0.5 per cent for the seventh month last week, home loans may still cost the consumer.
According to the firm, lenders are still trying to keep up profits to level up their balance sheets so while mortgage rates have seen a dip in the past few months, the cost of the loans may still be high...