Loan to value
Yorkshire Building Society has today cut the rate of its 75% LTV two-year tracker product by 0.60% to 3.79%
Mortgage availability for homebuyers increased by 6% in March, according to financial information provider Moneyfacts.
The Mortgage Works (TMW) has launched guarantor mortgage products with different levels of liability.
Other Loan to value articles
State funded banks are becoming less willing to increase their competitiveness, according to Moneyfacts.
Yorkshire Building Society posted a pre-tax loss of £12.5m for 2009, an improvement compared to a pre-tax loss of £22m for 2008.
Chelsea Building Society has posted a pre-tax loss of £27.1m for 2009, an improvement compared to a pre-tax loss of £39m in 2008.
Newcastle Building Society has launched a range of 90% LTV products which are designed to help people access the housing ladder.
Borrowers on standard variable rate (SVRs) deals should switch as other lenders are expected to increase their SVR rates, according to Moneysupermarket.
Surveying firm Gateway has urged brokers to forge greater links with building societies.
Analysis by Moneysupermarket has revealed more products are now available to mortgage borrowers with lower deposits.
The average LTV on residential purchase mortgages arranged in December went up to 70%, the first time it has reached this level since April 2009, according to Mortgage Advice Bureau (MAB).
Accord has launched a range of new mortgage products at 65% and 85% LTV which are designed to meet the varying needs of clients.
The Mortgage Works (TMW) has introduced a new one year tracker and fixed-rate product at 2.99% to give a greater choice at up to 70% LTV to customers.
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