The Moneyfacts website reported this week that there has been a “strong resurgence” in low-deposit mortgages, with the number of such deals increasing from 2,527 to 3,180. Research published by the site found that there has even been a rise in the number of 90 per cent and 95 per cent loan-to-value (LTV) mortgages, especially … Continue reading “More 90-95% LTVC Mortgages to be Found in Jan… | The Mortgage Broker”

The Clydesdale and Yorkshire Banks said that they are committed to helping younger people get a foot on the property ladder and followed in the footsteps last week of banking giant HSBC, by offering first-time buyers a 95 per cent loan-to-value (LTV) mortgage. Interest rates for these new mortgages vary from 5.49 per cent to … Continue reading “More 95pc LTV Mortgages Appear on Market | The Mortgage Broker”

We are starting to see some innovation within the mortgage market and it is great to see Woolwich launch a new mortgage deal aimed at buyers with a restricted deposit. Their new mortgage deal is available at 95% and has been called the Family Springboard Mortgage How does the deal work? If you are looking … Continue reading “95% Mortgages at Competitive Interest Rates | The Mortgage Broker”

Nationwide said that it had managed to achieve growth across the board, with a 48 per cent increase in mortgage agreements, taking the total sum advanced to £8.9 billion and helping push its underlying profits to £172 million in the six months to the end of September. The news was not only positive for people … Continue reading “Nationwide Grows Mortgage Business in 2011”

Many people are finding it increasingly difficult to get their feet on the first rung of the property ladder. What with the combination of high property prices and mortgage lenders asking for the minimum of a ten percent deposit, many prospective home buyers may feel defeated before they have even found the home of their … Continue reading “A Guide to Shared Ownership | The Mortgage Broker”

The Nationwide building society launched a new two-year fixed rate mortgage deal this week, aimed at existing customers, people seeking to move home and first-time buyers alike. The 90 per cent loan-to-value (LTV) mortgage comes with an interest rate of 5.29 per cent with a £900 arrangement fee, or a rate of 5.69 with no … Continue reading “Nationwide Launches Cheap Mortgages for 2012”

Just as the number of mortgages applied for and agreed in the UK started to show overall and significant signs of improvement, air once again seems to have started to escape from the bubble. With many consumers and industry experts pointing a finger squarely at 11 Downing Street. Chancellor of the Exchequer, George Osbourne received … Continue reading “New Buy Scheme, Same Old Story?”

The Mortgage Broker now has access to a wide range of niche buy to let mortgage products to complement its existing comprehensive range of standard buy to let products. The new Niche products now include: HMO’s Multi Let Properties Ltd company lending Where the Ltd company is a standard trading company 100% exposure lending E.g. … Continue reading “New Buy To Let Products Launched!”

In the past, many homeowners have found mortgage charges and tariffs difficult to understand. That looks set to change though, as the Council of Mortgage Lenders (CML) and Which? have just released a new standardised format for mortgage charges. The new tariff has already been tested on current Which? customers. This has allowed the tariff … Continue reading “New Mortgage Tariff Launched by Council of Mortgage Lenders and Which?”

Most people recognise a property is the largest and most expensive thing they will buy in a lifetime. It makes sense then that a mortgage contract should be the most important document anyone will ever read and sign. All of which makes new research from Habito that bit more worrying. The research looked at people’s … Continue reading “New Research Indicates 75% of Homeowners Signed Mortgage Contract Without Reading it in Full”