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31st of August 2010
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News Tag: variable

February 4, 2010

Santander announces new two-year mortgages

by David Masters
Santander announces new two-year mortgages
Santander has launched new two year tracker and fixed rate mortgage products, and has reduced the rate on its five year fixed rate mortgage. The two year mortgages are available to both first time buyers and home-owners at up to 70% loan-to-value (LTV) Interest on the fixed-rate mortgage is 3.44%, while interest on the tracker mortgage is 2.49%. The five year mortgage is available at ...



September 26, 2009

Leeds unveils two-year mortgage deals

by David Masters
Leeds unveils two-year mortgage deals
Leeds Building Society unveiled two new mortgage products this week. The new products include a two-year base rate tracker (BRT) mortgage, and a two-year fixed-rate mortgage. The BRT mortgage is available to homeowners borrowing up to 75% of the value of their property, with interest charged at 2.7% above the Bank of England's base rate. Customers opting for the fixed-rate deal will be charged interest ...



September 1, 2009

Variable rate mortgage stages comeback

by Gill Montia
”Variable
Mortgage borrowers are becoming less fearful of interest rate rises and opting for variable rate loans in larger numbers. July figures from John Charcol show that while fixed-rate deals retained their popularity, variable-rate mortgages, such as tracker or discounted loans, made up 35% of all mortgages arranged through the broker, compared to 17% of the market in June. The swing reflected a sharp rise ...



January 14, 2009

M&S Money cuts ISA interest rate

by David Masters
M&S Money cuts ISA interest rate
M&S; Money has reduced the interest rate on its variable Cash ISA following the Bank of England's 0.5% base rate cut. Cash ISA account holders will now be paid 2% interest, down from 2.5%. In December, M&S; Money reduced the variable cash ISA rate by only 0.5% rather than matching the Bank of England's 1.0% base rate cut. The bank, which is the financial ...



January 12, 2009

RBS fails to pass on full rate cut

by David Masters
RBS fails to pass on full rate cut
The RBS Group has announced that it will only pass on last week's Bank of England base rate cut to some customers. The banking group, which includes NatWest and the Royal Bank of Scotland, said those on tracker mortgages and small business with variable rate overdrafts would benefit from the full 0.5% cut. However, individual mortgage holders on the standard variable ...



September 12, 2008

Abbey cuts rates for 15% deposit holders

by Gill Montia
Abbey cuts rates for 5% deposit holders
Abbey's latest cut in mortgage rates offers a glimmer of hope to potential first-time buyers because the lender is reducing interest on some deals that require only a 15% deposit. In recent weeks leading lenders have been trimming rates regularly, with Co-operative Bank, HSBC and Nationwide all taking action this week. However, the best rates have been reserved for those with plenty ...




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