Yorkshire Building Society has revealed it is to acquire the mortgage and savings businesses of Egg Banking from Citigroup. The deal highlights the lender’s ambition to expand and enhances its multi-brand stable of products, moneysupermarket.com noted. Head of banking at Read more…
Brits looking for a mortgage that will allow them to rent out a property might be interested in the latest comments from Chainbow. The residential management firm has claimed that the government should introduce more regulation into the buy-to-let mortgage Read more…
There was more good news for mortgage customers yesterday (July 21st) as Norwich and Peterborough Building Society (N&P) announced that it would cut rates on its home loans. Those opting for its 85 per cent loan-to-value (LTV) fixed-rate deals will Read more…
Gross mortgage lending was up in June to £12.6 billion across the UK as lenders introduced new deals and improved their rates. According to the Council of Mortgage Lenders (CML), the figures represent a 16 per cent rise on the Read more…
It could be two years before first-time buyer mortgage customers see an easing of lending conditions, according to one independent mortgage advice firm. According to Alexander Hall, criteria are beginning to relax, but it will be some time before the Read more…
Almost 9,000 new or updated mortgage and remortgage deals hit the market between April 1st and June 30th this year, it has been revealed. According to data from independent financial research company Defaqto, 9,968 home loans packages were made available Read more…
Mortgage customers might be buoyed by the news that the Mortgage Works (TMW) has improved its residential home loans line-up. The firm revealed that it has made a number of enhancements to its offerings, including reductions of up to 0.8 Read more…
Competition is hotting up in the remortgage market, which is helping to drive activity in a positive direction, it has been claimed. According to independent mortgage advice firm Alexander Hall, lenders are trying to outdo each other and this is Read more…
The mortgage market could be set to swell with new investors who are attracted by the transparency of the buy-to-let sector. According to independent property industry expert Malcolm Harrison, those whose “ability to make money” has not been seriously affected Read more…
Mortgage customers on tracker rates may be rejoicing after the Bank of England’s Monetary Policy Committee MPC opted to keep the base rate of interest on hold again. It is the 28th consecutive month that the rate has been frozen Read more…