News Tag: mortgage products
March 16, 2010
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 beginning of January, with the number ...
Mortgage deals up 70% in under a year
by Gill Montia
January 18, 2010
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 those looking for a mortgage are finding ...
UK mortgage products exceed 2,500
by Gill Montia
September 16, 2009
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.
Since April, more products have come to market, ...
Lenders reluctant to cut mortgage rates
by David Masters
February 27, 2009
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% LTV remortgage products.
The two year remortgage is now fixed ...
Abbey launches new mortgages, reduces rates
by David Masters
April 18, 2008
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 figure for March reflects both a lack of confidence in the housing market and ...
March mortgage lending 17% down
by Gill Montia
