Lenders try to tempt borrowers off record low variable deals
While borrowers are benefitting from the lowest rates in seven years, lenders are continuing to take record margins.
Read more »
Savers pay the price for mortgage cuts
Moneyfacts figures show that 29% of savers are looking to fix their interest rate, with the average amount invested in a fixed rate bond standing at £36,872.
Read more »
Tumbling mortgage rates are still no incentiveMortgage rates are being cut, lending criteria is steadily being loosened and product availability is improving, however, it looks as if there is still little incentive for borrowers to commit to a new deal.
Read more »
Buy-to-let begins the fight back
The buy-to-let (BTL) sector was one of the biggest casualties of the credit crisis. At its lowest point (September 2009) 95% of all deals available at the peak of the market (August 2007) were withdrawn, Moneyfacts has commented.
Read more »
The average shelf life of a current mortgage deal now stands at 30 working days, the longest since August 2007, when the market was heavily subscribed with 9,549 products, research from Moneyfacts has shown.
When bank base rate dropped to 0.50% last year the mortgage market entered unchartered waters. Initial reductions in mortgage rates were soon wiped out as lenders took an increasing margin for risk.
In order to maintain their balance sheets, providers can either offer competitive mortgage or saving deals, not both, Moneyfacts.co.uk reports.
Latest Moneyfacts.co.uk figures show that while fixed mortgage rates are falling, they are only doing so for those with significant equity.
Latest research from Halifax shows the ability of key public sector workers to purchase their own home continues to improve and is approaching the level achieved ten years ago before the house price boom.
New evidence supports Yorkshire Building Society’s findings that more borrowers are choosing to fix their mortgage for the longer term as economic conditions remain uncertain.
Latest research from Halifax shows the ability of key public sector workers to purchase their own home continues to improve and is approaching the level achieved ten years ago before the house price boom.
Research commissioned by specialist buy-to-let lender Paragon Mortgages, has shown a significant regional shift in the rental yields achieved by landlords.
