Why are mortgage SVRs on the increase?
Can you believe that some lenders are increasing their Standard Variable Rates at a time of static low bank rates? Despite the Bank of England Base Rate (BoEBR) staying put at an all-time low of 0.5%, some lenders have increased their standard mortgage interest rates by as much as 1.49%. Nationwide's change is the most [...]
Leeds Building Society enters the January Sales
Looking for a fixed rate? Up to £1,135 savings in mortgage fees from the Leeds Leeds Building Society is taking its current 3 year fixed rate mortgages and stripping out several of its fees for a New Year sale offering. The 3-year fixed rate mortgage range starts at 4.75% (60 per cent LTV) and goes [...]
Standard Life gets sucked in to Barclays
Mortgage Blog - Latest mortgage news and advice Looks like Standard Life has given up trying to be a bank – despite 6 years of profitable operation. The insurer has sold its Standard Life Bank operation to Barclays, which shelled out £226 million for the acquisition and says it doesn't expect to shed any of [...]
Virgin one step closer to bidding for Northern Rock?
Mortgage Blog - Latest mortgage news and advice This could just be a rumour, but it looks like Virgin Money has lured a former Northern Rock chairman onto its board as it pursues a banking licence. Virgin positioned itself as a bidder for Northern Rock before the bank's eventual nationalisation in February 2008, and it [...]
Is fee-free worth the premium?
Mortgage Blog - Latest mortgage news and advice Is fee-free worth the premium? Things are all going a bit fee-free lately. Several lenders are taking the initiative to cut down or remove product fees as cash-strapped borrowers plan their next moves in the mortgage market. And some of these deals are starting to look a [...]
Mortgage advisers get a boost – but bad credit clients still out in the cold
Mortgage Blog - Latest mortgage news and advice Mortgage advisers get a boost - but bad credit clients still out in the cold Mortgage market rehabilitation signs are all around us, as Mortgage Brain reports a big increase in the number of different deals available through mortgage advisers. Technically speaking I should say mortgage 'intermediaries', as [...]
HOT NEWS
58% of FTBs rule themselves out of mortgages before applying, Lloyds...
UK mortgage industry news for intermediaries
