Mortgage Deals Help…

Mortgage Approvals on the Increase

The number of mortgages issued rose by 5 per cent last month as banks gained the confidence to issue higher-value loans, figures showed today.
Net mortgage lending, which excludes repayments and redemptions, rose by £2.4 billion, the smallest rise since July last year, the British Bankers’ Association (BBA) said.
The association said that [...]

Nationwide Mortgage Rates Going Lower

As of today nearly 30 of the  Nationwide mortgage products consisting of fixed rate and tracker deals have had their rates cut.  The highest reduction has been 0.59% to their 2 year no fee fixed rate mortgage which is available to remortgage customers up to 70 LTV.

First time buyers can take [...]

Post Office mortgages leading the way

It looks like the great British Post Office is leading the way with some of the most competitive mortgage products on the market when they recently introduced rate cuts.  Coming from a well respected institution the Post Office mortgages offer not only a great deal for both first time buyers and home [...]

More 95% Mortgages From Local Lenders

Following on from the previous post looking for regional 95% mortgages here are some more examples. First off is the Ipswich Building Society who are offering a 95% LTV mortgage to existing mortgage holders, or those who have a savings account with them for 6 or more months -

Ipswich Building Society
 
Standard [...]

Hunting For a Regional 95% Mortgage

On the hunt around for the elusive 95% mortgage i’ve uncovered some interesting regional deals.  As with 100% mortgages it is a good idea to try local first and see what the regional building society has to offer, as these lenders seem to be the most inovative at the moment.  [...]

90% Mortgages From Cheltenham & Gloucester

Lenders offering 90% mortgages have increased recently, and the Cheltenham and Gloucester is no exception.  They have a range of tracker and fixed rate deals aimed at both first time buyers and those remortgaging.

Tracker Deals
2-yr Tracker – maximum LTV 90%
5.99% (5.49% above base rate) until 31st May 2012
Reverts to standard [...]

100 Percent Mortgages 2010 – Society Offers 100 Percent Mortgages

With the market as it is, getting hold of a 100 percent mortgage is near enough impossible.  That is until you start looking locally, for there are independent building societies offering this type of deal if you look carefully.

The Tipton and Coseley Building Society is offering [...]

First Direct Tracker Mortgage at 3.99%

First Direct have an attractive tracker mortgage for first-time buyers who can come up with a 15% deposit.

This lifetime tracker mortgage tracks the Bank of England Base Rate plus 3.49%, which is currently 3.99%.  There is a £499 arrangement fee and the overall cost for comparison is 4.1%.  If it [...]

Guarantor Mortgage Becoming Obsolete?

It has emerged that the Halifax intends to withdraw its guarantor mortgage from the market in March, currently being offered by brokers.  A guarantor mortgage is a deal where a person (usually a close relative) guarantees to repay the mortgage if the borrower is not in the position to, or refuses to. [...]

Santander 90% Mortgage Give First-time Buyers a Lift
 
Santander has become the latest bank to offer first-time buyers a glimmer of hope by raising its LTV to offer 90% mortgages to these potential buyers.
 
The Santander group who aquired Abbey and Bradford & Bingley hold an approximate 20% market share of new residential mortgages. With this kind [...]