Lloyds TSB has introduced a new, market leading fixed rate mortgage at 2.94%, the product is available both for house purchase and remortgage for borrowers with a deposit of at least 30%.
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Coventry Building Society has cut rates across its range of Fixed Rate residential mortgages, which includes highly competitive deals starting from as low as 2.99%.
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Research from Charcol.co.uk reveals that the proportion of mortgage purchases is at its highest level for many years.
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N&P (Norwich and Peterborough Building Society) is introducing a new ‘best buy’ 3 year fixed rate mortgage at 75% LTV, and reducing rates on its existing 85% LTV 3 year fixed rate products – with immediate effect.
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The annual growth in the banks’ net mortgage lending is 4.1%, substantially ahead of the 0.9% for the whole mortgage market in June.
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From Friday 20 August 2010, Nationwide will reduce rates by up to 0.20% on selected remortgage products.
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Coventry Intermediaries has launched a leading range of first time buyer and residential mortgages through its two brands, Coventry Building Society and Godiva Mortgages Ltd.
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