Tracker
Remortgaging accounted for more than 50% of business arranged by John Charcol in February 2010.
Yorkshire Building Society has today cut the rate of its 85% LTV two-year tracker product by 0.60% to 3.79%.
Abbey for Intermediaries (AfI) will reduce rates by up to 0.40% across its four-year fixed rate mortgages on Thursday.
Other Tracker articles
Activity at Countrywide Mortgage Services rose in February, with the number of mortgage applications to its mortgage consultants increasing by 34% on last month.
Cheltenham & Gloucester (C&G) has introduced two buy-to-let tracker deals for brokers with rates starting at 4.85% from March 9.
Mortgage schemes available to intermediaries have increased for the eighth month in a row, according to sourcing system, Mortgage Brain.
Santander has cut the rates on its 80% LTV mortgages by 0.74%.
NatWest Intermediary Solutions has introduced a new buy-to-let two-year tracker mortgage and made changes to some of its rates.
Newcastle Building Society has launched a range of 90% LTV products which are designed to help people access the housing ladder.
Platform has launched a range of new two-year fixed-rate mortgages starting at 3.44% and will double the number of intermediary partners it is available to.
Demand and confidence is returning to the housing market, according to Countrywide estate agents.
The remortgage market plummeted by more than 50% in 2009 due to homeowners remaining on standard variable rate (SVRs) and the lack of higher LTV mortgages, according to Mortgage Advice Bureau (MAB).
ITL Mortgages, the intermediary arm of Stroud & Swindon Building Society, will offer a drop-lock product which allows borrowers to switch to a fixed rate at any time without a penalty charge.
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