More borrowers favouring longer-term fixes
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.
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Virgin Money updates mortgage range
Virgin Money has announced a number of changes across its residential mortgage range.
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Co-operative Bank launch new fixed rates
The Co-operative Bank has launched a range of market leading fixed mortgage rates, designed to support new and existing customers.
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Mortgage rates tumble, but watch out for the fees warns uSwitch.com
Commenting on recent mortgage rate moves, Michael Ossei, personal finance expert at uSwitch.com, says: “Fixed rate mortgage rates have continued to slide this week, with rewards available for both existing homeowners and first time buyers.
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Santanders latest offering includes even better rates for 2- and 3-year fixes and 2-year trackers, for homebuyers and re-mortgage customers and a new deal for those looking to purchase or re-mortgage on a 5-year fix up to 80% LTV.
Halifax has reduced the rates across its NewBuy, Shared Equity and Shared Ownership mortgages in a move which further strengthens its support of the affordable housing sector.
New Halifax research shows that the 13th April, is this year’s Mortgage Freedom Day in the UK; as on the 103rd day of the year new UK homeowners will have finally earned enough to pay off the annual cost of their mortgage.
Halifax has launched a new 5 year fixed rate mortgage at a rate of 2.69%, further strengthening its support to the UK housing market.
House price growth remains stable across most of the UK, although prices in London are increasing and prices in Northern Ireland are falling.
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.
