Gross mortgage lending totaled an estimated £18.7 billion in October, almost 7% higher than what was an admittedly weak £17.5 billion lent in September according to new figures from the Council of Mortgage Lenders.
Better weather is the top reason that UK expats prefer living abroad, according to the latest poll conducted by Alliance & Leicester International.
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Alliance & Leicester is cutting all of its fixed rates deals for customers seeking up to 75% loan-to-value.
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Alliance & Leicester is launching a new range of mortgages, with all fixed rate products to be reduced by between 0.20% and 0.30% compared to products on it’s previous portfolio.
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Alliance & Leicester has announced that it will be withdrawing its Two Year Tracker products from its mortgage range from the close of business on Wednesday 22 October 2008.
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Alliance & Leicester has announced a reduction in its Standard Variable Rate (SVR) from 7.19% to 6.94%, a reduction of 0.25%. The new rate will come into effect on Thursday 30 October.
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Alliance & Leicester’s Mortgage deals have been re-priced and rates are being reduced on all but one of its mortgage products, which remains unchanged.
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Santander, the owner of Abbey has succeeded in a takeover approach for Alliance & Leicester valuing the bank at £1.26bn.
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More than three million homeowners (3.25 million) are looking to move house over the next 12 months, despite changes in the housing market, according to new Moving Improving research from Alliance & Leicester.
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Brokers and their clients are set to benefit from a new and quicker way to send packaging to Alliance & Leicester’s intermediary mortgage centre with the introduction of ifax.
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Alliance & Leicester has announced it will be reducing the Standard Variable Rate (SVR) on its mortgages by 0.25%.
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