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- Mortgage company announces "low" repossession figures - 18th May, 2009
Home mortgage holders who have taken out loans from the Co-operative Bank have largely been allowed to remain in their homes, as the bank has revealed that its repossession figures are "low".
According to its own internal figures, the bank has been involved in eight repossessions in the past 16 months, a figure which represents 0.015 per cent of its mortgage book.
Terry Jordan, head of mortgages at the Co-operative Bank, said: "Our repossession figures as a proportion of our mortgage book are extremely low, when compared with the industry average."
He added that some of this success may be attributable to the fact that the bank has a dedicated team of mortgage advisers who aim to help people out at the earliest opportunity if they cannot meet repayments... - Mortgage company increases LTV ratios - 15th May, 2009
One of the leading fixed-rate mortgage providers in the UK has announced that its mortgage customers will benefit from an increased loan to value (LTV) ratio.
Abbey said that the two, three and five-year fixed-rate mortgages that were previously available at 60 per cent LTV will now be made available to customers at 70 per cent LTV, which the bank claims will make them more accessible to borrowers... - Alliance & Leicester launches new fixed-rate mortgage - 15th May, 2009
A new fixed-rate mortgage deal aimed at first-time buyers has been launched onto the market, courtesy of Alliance & Leicester.
The mortgage lender said that the new three-year, fixed-rate mortgage will offer an interest rate of 5.99 per cent. In addition, first-time buyers will not be charged an arrangement fee and will benefit from a free valuation... - Coventry makes fixed-rate mortgages cheaper - 11th May, 2009
Fixed-rate mortgages from the Coventry Building Society may become cheaper in the future, thanks to a reduction in the interest rates they charge.
The financial services provider has announced that its five-year, fixed-rate mortgages will charge interest at a rate of 4.49 per cent and will come with free valuations up to £640... - Clydesdale Bank unveils fee-free mortgage - 5th May, 2009
Fixed-rate mortgages can sometimes incur arrangement fees of around £1,000, but Clydesdale Bank has announced that this fee will be waived for some of its customers for a limited period of time.
The special offer - which represents a saving of £999 - applies to fixed-rate remortgages, offset mortgages and current account mortgages... - Abbey launches new fixed rate mortgages - 30th April, 2009
A new range of fixed rate mortgages has been launched by Abbey, which claims the products offer its lowest guaranteed interest rates for ten years.
The mortgage lender's new products include a three-year fixed-rate at 4.09 per cent, which will be made available to remortgagers looking for a loan to value ratio of up to 75 per cent... - Borrowers 'looking for fixed-rate mortgages' - 30th April, 2009
Fixed-rate mortgages may become more popular in the UK in the near future, new research has suggested.
Abbey, which published the poll, found that the number of homeowners who feel the base rate is at its lowest ebb has more than doubled over the past two months, suggesting that now may be a good time to lock interest rates in with a fixed-rate mortgage... - BBA: Mortgage companies' lending reduced - 28th April, 2009
Mortgage lenders in the UK are offering less money to prospective house buyers, according to the latest statistics from the British Banking Association (BBA).
The industry organisation's statistics revealed that gross mortgage lending fell from £9.2 billion in February to £8.9 billion in March, while the total amount approved for all mortgages fell from £7.7 billion to £7.3 billion... - Stamp duty holiday extended - 23rd April, 2009
Alistair Darling has announced an extension of the stamp duty holiday until the end of this year, which could be good news for people looking to take advantage of the current property market by securing a home mortgage.
The chancellor's decision means that customers buying houses in the UK will not have to pay stamp duty on any property worth less than £175,000. This could offer considerable savings for some home mortgage holders... - Home mortgage holders told: Rates won't change - 3rd April, 2009
Home mortgage rates that track the base rate of interest could stay the same for the foreseeable future, based on forecasts by one expert.
Mark Dampier, head of research at investment management firm Hargreaves Lansdown, believes that the Bank of England will not move the rate of interest until it sees signs of economic recovery...