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- Fixed-rate mortgage borrowers offered advice - 1st July, 2009
A financial advice website has given some tips on the advantages and disadvantages of short and long-term fixed-rate mortgage deals.
Money.co.uk said that while those seeking to lock into a fixed-rate mortgage for the short term can benefit from the flexibility such a package offers, current low interest on many deals means a longer term could prove to be a cheaper option over time... - Tracker mortgages 'not the cheapest option' - 30th June, 2009
A website has claimed that despite lenders increasing the interest on the fixed-rate mortgages recently, tracker deals are not the cheapest method of paying for a new home.
Moneysupermarket.com conducted research which showed the difference in repayments between a tracker and fixed-rate mortgage at the moment and what it would be like following a two per cent base rate hike... - Home mortgage costs decrease for Brits - 30th June, 2009
People getting a home mortgage will be pleased to hear that the cost of running a house has fallen by a fifth in the past year.
Recent research from Halifax found in the past 12 months the costs of running a house have dropped by £1,468 to £7,298... - Click n Go Mortgages: Confidence is returning - 26th June, 2009
Confidence is returning to mortgage brokers and the way has now been paved for "strong and steady" recovery in the market, one expert has said.
Click n go Mortgages, which provides professional financial advice, made the claim after the British Bankers' Association revealed that mortgage approvals on new home purchases had risen by 7.4 per cent in May, compared with April 2009.
The figure of 31,162 mortgage approvals in May was up 15.8 per cent from the same month in 2008, with the average value of an approved mortgage now at £133,600... - Mortgage borrowers switch to fixed-rate for the best deal - 24th June, 2009
Homeowners looking to find a cheap mortgage in the current low-interest conditions are increasingly turning to fixed-rate deals, according to Legal & General.
New research by the financial firm found that almost 90 per cent of mortgage customers are now choosing fixed-rate packages, compared to 71 per cent in the first quarter of the year... - Mortgage advisers recommended for finding the best deal - 23rd June, 2009
Mortgage lenders have dealt a blow to borrowers who regularly meet repayments by offering better deals to those having difficulty doing so, but cheap packages can still be found using an adviser, according to one expert.
It has been reported that homeowners with negative equity due to the fall in house prices are being offered better mortgage options than those who have met repayments or first-time buyers looking for a new deal... - Cheaper mortgage rates with higher LTVs - 22nd June, 2009
First time-buyers searching for a house in this difficult climate have been warned that they could be hit with higher mortgage rates on packages which require a smaller deposit.
Moneynet.co.uk found that someone wanting a five-year fixed-rate mortgage on a £200,000 property over 25 years could pay up to £14,000 more for an 85 per cent loan-to-value deal than a 75 per cent option... - New fixed-rate mortgages offered by Leeds Building Society - 19th June, 2009
Those currently looking for a fixed-rate mortgage with low interest may be attracted to some new packages announced by Leeds Building Society yesterday (June 18th).
The 75 per cent loan-to-value fixed-rate mortgage comes with 5.1 per cent interest locked until 2014 and the deal also offers no higher lending charge, free legal services for remortgagers and the ability for ten per cent capital repayments each year... - Best mortgage deals 'disappearing' - 17th June, 2009
A slew of high street banks are increasing the interest on their mortgages, meaning that the best deals will soon not be available.
Nationwide and Chelsea Building Society have both hiked up interest on various mortgages and Cheltenham & Gloucester, along with Abbey, is set to follow suit today (June 17th)... - 'Best' fixed rate mortgage provider is Yorkshire Building Society - 16th June, 2009
It has been announced that Yorkshire Building Society has won an award for its fixed rate mortgage products.
The lender walked away from the Moneyfacts awards with three prizes, including Best Short Term Fixed Rate Mortgage Provider as well as two more for its savings accounts...