The buy-to-let (BTL) mortgage sector has continued to grow in the first quarter of 2013. Between January and March more than 33,500 mortgages were taken out – an increase of £500 million from the first quarter of 2012. Lending in Read more…
The average debt on a UK property has risen sharply since the beginning of the financial crisis, according to new figures. Office for National Statistics (ONS) figures released yesterday (May 13th) show that the median outstanding mortgage has increased from Read more…
The Money Advice Service (MAS) has said it received more requests for advice on the subject of mortgages than from any other product. MAS’ new chief executive, Caroline Rookes, stated continuing changes to the mortgage market – including the prevalence Read more…
HSBC has released its quarterly lending figures, which show a moderate decrease from 2012 figures. More than £2.8 billion was lent to UK homeowners in the first quarter of 2013 according to the bank. HSBC said the UK residential market Read more…
More than a million homeowners with interest-only mortgages are likely to reach the end of their loan period without repaying their debt. This is according to new report published by the Financial Conduct Authority (FCA), which found that although 2.6 Read more…
Yorkshire Building Society has rolled out a competitive new ten-year fixed rate mortgage product for borrowers looking for a long-term investment. The offer – which was introduced on Friday (April 26th) – comes with a best buy rate of 3.99 Read more…
A competitive new fixed rate mortgage has been rolled out by the Norwich and Peterborough Building Society (N&P). As of today (April 24th), customers are able to take advantage of the low-fee three-year product, which comes with a best buy Read more…
Gross mortgage lending rose to £11.6 billion in March, according to new estimates from the Council of Mortgage Lenders (CML). Figures from the trade association have showed this is nine per cent higher than in February (£10.6 billion), but eight Read more…
The Co-operative Bank has rolled out a range of competitive mortgage rates for both new and existing customers. As of Tuesday (April 16th), the financial institution boasts a host of fixed three-year and five-year deals, including a three-year fixed rate Read more…
Despite the fact mortgage rates are continuing to fall, homeowners need to remain on their guard, uSwitch.com has warned. According to the price comparison website, even though borrowers are likely to be relieved by the news rates are dropping, some Read more…