Category: Mortgage News

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REMORTGAGES SET TO INCREASE

May 14, 2015 by in category Mortgage News

According to Nottingham Building Society remortgages are set to increase over the next 6 months with borrowers hoping to save up to £100 by remortgaging to a cheaper deal. With five-year fixed rates the most popular choice for those switching deals, the Society found up to one in six homeowners are considering remortgaging over the […]

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WILL MORTGAGE RATES GO DOWN EVEN FURTHER?

May 13, 2015 by in category Mortgage News

Off the back of the victory by the Conservatives at the polls there is a possibility that mortgage rates could be set to dip even further. Although at record low levels the austere fiscal policy planned by the new Government could see rates dip even further If this policy is put firmly into place then […]

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CASH BACK OF £500 BEING OFFER TO FIRST TIME BUYERS

May 13, 2015 by in category Mortgage News

On selected deals Nationwide is to give £500 cashback on all first-time buyer mortgages. In cases before this was only offered where there was otherwise a Nationwide mortgage deal with a £999 fee. But the new change deal means that the cashback will be on offer on all first-time buyer products.

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David Cameron’s Mortgage Pledge

March 25, 2015 by in category Mortgage News

Yesterday the Prime Minister David Cameron promised that if the Conservatives win power in the general election, they would maintain low interest rates The low interest rates currently was a product of the Government's handling of the economy and would continue if their election victory was forthcoming The Government he said had set in place [...]

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STEEP RISE IN REMORTGAGE APPLICATIONS

February 24, 2015 by in category Mortgage News

According to Mortgage Advice Bureau remortgages were up 24% in January and 17% year-on-year. Lower rates and increased equity resulted in lower mortgage payments Remortgage applicants are now enjoying lower loan to value deals with the average remortgage LTV at 54.9% Average mortgage rate have continued to fall across the board in January for a […]

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Mortgage income cap thoughts

February 24, 2015 by in category Mortgage News

In a poll organised by Mortgage Solution 55% of those who replied did not think that lenders would place a blanket cap on loan to income Over the last few months Barclays and Santander have introduced or extended LTI caps on some or all of their mortgage products. It was last year when the Bank […]

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Tesco to work with mortgage brokers

February 16, 2015 by in category Mortgage News

In order to take more market share Tesco plans to extend its distribution beyond its shop front to mortgage brokers for the first time next year. Tesco Bank has lent over £1bn worth of home loans since it started selling mortgages two and a half years ago, according to a report in the Telegraph. Tesco […]

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Will Mortgage Interest Rates Be Cut?

February 13, 2015 by in category Mortgage News

According to some analysts the Bank of England could cut interest rates that if the Inflation Report speech this morning buy Governor Mark Carney is to be interpreted

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Mortgage interest rates at record lows

February 6, 2015 by in category Mortgage News

Due to a variety of funding sources which have enabled lenders to raise capital at “exceptionally low cost”. fixed-rates and tracker mortgages are at record lows, the Council of Mortgage Lenders said, In it’s latest news and views publication, the industry body pointed out that its regulated mortgage survey revealed that last November for the […]

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BARCLAYS NEW BUY TO LET MORTGAGE POLICY

February 2, 2015 by in category Mortgage News

Use of disposable income to cover any shortfall in its rental cover calculation is now being allowed by Barclays as it loosens its buy-to-let lending criteria Up to now Barclays has used a rate of 5.79 per cent to assess affordability, as opposed to the mortgage rate itself. For example, a £200,000 loan on a […]

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