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Rates
Most of market closed to brokers
Mortgage rates have dropped to their lowest level in a year as product numbers continue to grow, but fewer than half of deals are available to brokers, according to financial information provider Moneyfacts.
Defaqto promotes offset mortgages
Defaqto has urged borrowers to change to an offset mortgage to help them make better use of their savings and pay less interest.
Link Loans relaunches
Secured loans lender, Link Loans, has relaunched with new equity funding from the RBS Special Opportunities Fund and debt funding from RBS Financial Institutions.
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Property affordability reaches seven-year high
Housing affordability is at its highest level since 2003, according to Zoopla.
Savings rates tumbling to fund mortgage cuts
Savings rates are falling in order to fund mortgage cuts, according to financial information provider Moneyfacts.
Skipton scraps SVR ceiling
Skipton Building Society has scrapped the ceiling on its standard variable rate (SVR) meaning it will rise from 3.5% to 4.95% from March 1.
Woolwich cuts tracker rates
Woolwich has reduced rates on its tracker range by up to 0.20%.
Borrowers getting cheaper rates at expense of savers: Moneyfacts
In the last few months, lenders have reduced mortgage rates but savers are losing out as providers cut the savings rates which they offer.
Moneysupermarket warns borrowers over SVRs
Moneysupermarket has warned those on standard variable rates (SVRs) that they are not reaping the full benefit of the low base rate after its analysis showed the average SVR deal is now 4.2% above the base rate.
RBS IP launches new deals
RBS Intermediary Partners (RBS IP) will introduce new deals to its intermediary mortgage range and reduce rates on some of its other deals from tomorrow.
Platform reduces rates
Platform has reduced rates on several fixed and tracker deals for the second time in two months and has implemented changes to its mortgage proposition.
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BoE holds rates at 0.5%
Top five lenders claim 82% of lending
Attempted mortgage fraud rises 37%
NAEA: September will indicate market strength