Mortgage Deals Help…

Skipton Joins the 95% Mortgage Market

The Skipton Building Society has launched a 95% mortgage aimed at first time buyers.  This LTV is high and there are only a couple of 95% mortgage deals out there, so this may be a welcome product even if it is expensive.

This is a direct from the society only deal [...]

Mortgage Lending Figures From CML

The Council of Mortgage Lenders (CML) has reported that activity in the mortgage market has risen by £11.5 billion in March 2010 which is up 3% on the previous year and up by almost a quarter compared to February.  However on a quarterly basis this quarter was down 24% compared to [...]

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.  [...]

Gross Mortgage Lending Increases In February 2010
 
Lending has improved by 6% in February according to the Council of Mortgage Lenders (CML).  The figure for February was an estimated £9.2 billion as against £8.7 billion recorded for January 2010.
 
February being the shortest month may have indicated a strengthening market but the end of the stamp duty [...]

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 [...]

Banking and mortgage complaints figures released
 
The Financial Ombudsman Service has released data on complaints received from individual financial businesses for the second half of 2009.  These are complaints made to the ombudsman between 1 July and 31 December 2009 which include mortgage complaints.
 
Within this six month period the ombudsman received 82,136 new complaints. This shows [...]

The fragility of the UK mortgage market is a concern to many homeowners as well as first time buyers.  The BBC’s Business Editor Robert Preston gives an interesting insight into the current state of play and how the mortgage market may play out in the next few years.
Here is his blog article in full: http://www.bbc.co.uk/blogs/thereporters/robertpeston/2010/02/the_acute_vulnerability_of_the.html
Your [...]