Overall building societies in the UK offer lower cost mortgage deal than banks and it is worth looking beyond the headline rates to find the best priced product, according to new research.Read full article: [UK building societies offer lower mortgage deals than banks, research suggests]
HSBC approved more than £10.6 billion in mortgages in the first six months of 2012, helping over 97,000 UK borrowers and an increase of 16% on the same period in 2011, the leading lenders reports.Read full article: [HSBC to provide an extra £2 billion for UK home buyers in 2012]
A fee free mortgage boost for first time buyers and home owners looking to remortgage or switch to Clydesdale and Yorkshire Banks has been extended until Tuesday 31st July 2012.Read full article: [Clydesdale and Yorkshire Banks extend fee free mortgage offer]
UK lender the Co-operative Bank has withdrawn its interest only mortgage range. From today (Tuesday 08 May 2012), new customers will be able to take out mortgages on a capital and repayment basis only.
With the first time buyer stamp duty exemption coming to an end this week the Bank of Scotland has today (Wednesday 21 March) announced the launch of a new product designed to ease the burden for first time buyers taking their first steps on the property ladder.Read full article: [Bank of Scotland offers help for first time buyers]
The decision today (Thursday 09 February) by the Bank of England’s Monetary Policy Committee to increase quantitative easing in the UK has been met with a mixed response by property experts.
HSBC has today (Thursday 02 February) launched new mortgage products for those with a 10% deposit which it says confirms its commitment to first time buyers.
Read full article: [HSBC launches new mortgage products for those with a 10% deposit]
Spanish Banks are prepared to lend over 100% on their own properties that have been repossessed, it has been revealed.Read full article: [Spanish banks lending over 100% on repossessed properties]
Some 58% of home owners in the UK have never changed their mortgage outside of moving house which means that years of potential mortgage savings are going to waste.
Many buyers in the most expensive US residential real estate locations are facing higher borrowing costs as the government has removed support from the upper end of the home market.Read full article: [US Government removes support at upper end of home market]