Fixed rate
Abbey for Intermediaries (AFI) is set to launch an exclusive two-year fix at 3.09% available up to 60% LTV.
House prices fell for the second consecutive month in August, by 0.9%, the first time prices have dropped for two months in a row since February 2009, according to Nationwide.
Over 1,500 mortgage schemes were introduced into the UK mortgage market in August indicating the biggest monthly increase in over 20 months, according to a monthly product survey from Mortgage Brain.
Other Fixed rate articles
The Mortgage Works (TMW) has extended its buy-to-let range to offer landlords greater choice and flexibility.
The number of internet searches for fixed rate mortgages rocketed by 888% in the three months from April to June 2010.
This is the Mortgage Solutions weekly talk back page, where we pick the best online comments and letters to the editor on the big stories of the week to give you a flavour of what the industry is really thinking.
John Charcol has seen the proportion of purchase mortgages hit its highest level in “decades”, breaking through the 60% barrier in July.
Barclays is to launch its first loyalty mortgages for existing current account customers, who will be offered a reduction of up to 0.54% on selected tracker, fixed rate and offset deals.
The difference between the rates charged for fixed rates and lifetime mortgages has widened significantly in the last two years, according to a report.
It's a fair enough question, one would think, when research from Moneyfacts shows that lenders are enjoying margins at all-time highs on their mortgage rates.
Northern Rock plans to slash its application fee from £250 to £99 for home buyers from Monday next week.
Lenders' margins on mortgage products have hit an all-time high today, as the difference between the rates paid by borrowers and the cost of swap rates has widened substantially.
Kensington has enhanced its residential mortgage range by increasing its maximum loan size, raising its LTV limit and cutting rates with immediate effect.
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