Tag: mortgage products

Mortgage lenders hold out on large deposits

Mortgage lenders hold out on large deposits

Despite a rise in the number of mortgage deals on offer, a large deposit remains essential in securing a competitive loan, both for house purchasers and remortgagers. According to research by Moneyfacts Group for the BBC, the number of mortgage products available has risen 66% so far this year, to 2,351. However, the financial researcher […]

August 3, 2010 More
Government unveils further details of the ‘people’s bank’

Government unveils further details of the ‘people’s bank’

March 29, 2010 More
Mortgage deals up 70% in under a year

Mortgage deals up 70% in under a year

New research from Moneyfacts.co.uk claims there has been a 70% rise in the number of mortgage products available in just under a year. According to the financial website, borrowers now have 2,053 deals to choose from, compared with 1,209 in April 2009, when the figure bottomed out. Furthermore, a significant boost has occurred since the […]

March 16, 2010 More
UK mortgage products exceed 2,500

UK mortgage products exceed 2,500

New research from moneysupermarket.com shows the number of mortgage products available to UK borrowers increasing for the third consecutive month, and crashing through the 2,500 barrier for the first time since May 2008. The firm’s mortgages channel manager, Hannah-Mercedes Skenfield, says: “This is good news for buyers, as passing the 2,500 barrier does suggest that […]

January 18, 2010 More
Lenders reluctant to cut mortgage rates

Lenders reluctant to cut mortgage rates

Homeowners are gradually being offered a larger choice of mortgage products, although lenders remain cagey about attracting too much business, MoneyFacts.co.uk claimed this week The number of mortgage products available dropped to a record low of 1,209 at the beginning of April, down from a peak of 11,951 products that were available in July 2007. […]

Abbey launches new mortgages, reduces rates

Abbey launches new mortgages, reduces rates

Abbey today launched two new no-fee fixed-rate mortgages. Both the Remortgage Solution and the Homebuyer Solution are three year no-fee mortgages at 4.59% with up to 75% loan to value (LTV). Free valuation and free legal fees are included in both packages. The lender has also reduced rates in its two and three year 60% […]

March mortgage lending 17% down

March mortgage lending 17% down

Latest figures from the Council of Mortgage Lenders (CML) present a mixed picture. Last month, gross lending increased by 5% on February, to £26.3 billion, but was 17% down on March 2007. Traditionally, there is a 20% difference between February and March mortgage lending, as the housing market arises from winter lethargy. This year’s low […]