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Market Oracle FREE Newsletter

Category: Mortgages

The analysis published under this category are as follows.

Housing-Market

Monday, April 24, 2017

Mind the Mortgage Gap - High LTV Interest Rates Soar / Housing-Market / Mortgages

By: MoneyFacts

Research from Moneyfacts.co.uk reveals that despite average mortgage rates falling across the market, the gap between the 60% loan-to-value (LTV) bracket and the highest LTV band (95%) has expanded. Statistics show the divergence has grown by 0.31% in just six months.

Read full article... Read full article...

 


Housing-Market

Monday, April 10, 2017

UK Help to Buy Vacuum Contributes to Mortgage Interest Rates Rise / Housing-Market / Mortgages

By: MoneyFacts

Moneyfacts UK Mortgage Trends Treasury Report data, not yet published, highlights that the average two-year fixed rate at 95% loan-to-value has increased by 0.25% since January 2017, bringing the figure back to around the same rate it was a year ago.

Read full article... Read full article...

 


Housing-Market

Monday, April 03, 2017

How to Beat Inflation by Fixing your Mortgage for Five Years / Housing-Market / Mortgages

By: MoneyFacts

With inflation starting to bite and the cost of everyday goods rising, now may be the time to think about fixing bills so they do not increase for the foreseeable future. Fixing your mortgage now, particularly for five years’ time, can inflation-proof at least part of your monthly outgoings. And with Moneyfacts.co.uk research showing that the average five-year fixed rate mortgage at 75% loan-to-value (LTV) has fallen by 0.32% in just one year, now might be the perfect time to grab a long-term fixed rate deal.

Read full article... Read full article...

 


Housing-Market

Monday, January 30, 2017

UK Mortgage Cashback for first-time Home Buyers Decreasing / Housing-Market / Mortgages

By: MoneyFacts

Cash rebates are seen as a great sweetener for cash-strapped first-time buyers, with the providers that offer this type of incentive really standing out from the crowd. However, research by Moneyfacts.co.uk shows that the average cashback for those with a modest deposit (90 and 95% loan-to-value) has fallen by £59 in just two years.

Read full article... Read full article...

 


Interest-Rates

Monday, January 23, 2017

Building Societies are Winning the Mortgage Interest Rate War / Interest-Rates / Mortgages

By: MoneyFacts

With competition still fierce in the mortgage market and many banks claiming to launch the lowest products ever on their records, many borrowers could assume that the mortgage rates from these providers will be significantly lower than those offered elsewhere. However, Moneyfacts.co.uk research shows that building societies are the winners when it comes to the mortgage rate war.

Read full article... Read full article...

 


Housing-Market

Tuesday, January 10, 2017

UK 10-year Fixed Interest Rate Mortgages Conundrum / Housing-Market / Mortgages

By: MoneyFacts

Given the negotiations on the UK’s future relationship with the EU, we are expected to have some uncertain times ahead. Borrowers are likely to be worried about how this will affect mortgage rates, with many looking for long-term mortgage repayment security to shield them from an unpredictable future. A 10-year fixed rate mortgage could be just the solution, particularly with research from Moneyfacts.co.uk showing that the 10-year fixed rate market is flourishing.

Read full article... Read full article...

 


Housing-Market

Monday, December 12, 2016

UK Mortgage Market Competition Ramped up in 2016 / Housing-Market / Mortgages

By: MoneyFacts

Moneyfacts UK Mortgage Trends Treasury Report data, not yet published, highlights that there has been significant improvement amongst the lenders who have 80%* share of the mortgage lending.

Read full article... Read full article...

 


Housing-Market

Monday, December 05, 2016

UK Housing Mortgages - Goodbye to the Government Help to Buy Guarantee / Housing-Market / Mortgages

By: MoneyFacts

On 31 December, phase two of the Help to Buy initiative will be withdrawn from the market. Moneyfacts.co.uk looks back at the significance of the scheme and what effect it has had on high loan-to-value (LTV) mortgages.

Read full article... Read full article...

 


Personal_Finance

Tuesday, November 29, 2016

Fee Free Mortgages on the Rise / Personal_Finance / Mortgages

By: MoneyFacts

Research from Moneyfacts.co.uk reveals that the number of fee-free deals available to those looking for a fixed rate mortgage has more than doubled over the past year. This has given borrowers looking to minimise upfront costs even more choice.

Read full article... Read full article...

 


Personal_Finance

Monday, November 14, 2016

Average Five-year UK Fixed Rate Mortgage Falls Below 3.00% / Personal_Finance / Mortgages

By: MoneyFacts

The cost of the average five-year fixed rate mortgage has fallen significantly over the past year, with many providers launching the lowest ever rates. This competition has seen the average five-year fixed mortgage rate fall below 3.00% for the first time on Moneyfacts.co.uk records.

Read full article... Read full article...

 


Housing-Market

Wednesday, October 12, 2016

Some Mortgage Lenders Unresponsive to Base Rate Cut / Housing-Market / Mortgages

By: MoneyFacts

Two months on from the base rate cut on 4 August, many might assume the full effect of the cut should now be visible. However, research from Moneyfacts.co.uk shows that the effect is mixed at best.

Read full article... Read full article...

 


Personal_Finance

Monday, October 10, 2016

Bank Current Account Overdraft Fees Hit a High, Attacking Careful Customers / Personal_Finance / Mortgages

By: MoneyFacts

Moneyfacts UK Mortgage Trends Treasury Report data, not yet published, highlights that the average two-year tracker rate has increased by 0.07% in just one month, bringing the figures back to July 2016’s level and cancelling out the “base rate effect”.

Read full article... Read full article...

 


Housing-Market

Tuesday, October 04, 2016

An Offset Mortgage Could be a Saviour for Savers / Housing-Market / Mortgages

By: MoneyFacts

Borrowers with a separate mortgage and savings account are currently faced with rock-bottom savings rates, meaning they get little return for stashing their cash. By combining the two products into an offset mortgage, borrowers will not only be able to reduce the size of their mortgage, but save thousands of pounds in mortgage interest. They could be particularly beneficial at present, as research from Moneyfacts.co.uk shows that the average offset fixed rate has fallen further.

Read full article... Read full article...

 


Housing-Market

Monday, September 26, 2016

UK Property Equity Release Mortgage Customers Have Never Been Better Served / Housing-Market / Mortgages

By: MoneyFacts

Competition amongst equity release lenders has clearly intensified in recent years and it is now at a point where perspective equity release customers have never been better served in terms of choice and interest rates, according to the latest research by Moneyfacts.

In fact, there are now a total of 75 different lifetime mortgage equity release deals available, covering a wide spread of options and loan-to-values (LTVs), an increase of 63% on the number of deals available a year ago and more than double the total number three years ago.

Read full article... Read full article...

 


Personal_Finance

Monday, September 12, 2016

Moneyfacts UK Mortgage Trends Treasury Report / Personal_Finance / Mortgages

By: MoneyFacts

Moneyfacts UK Mortgage Trends Treasury Report data, not yet published, highlights that borrowers who took out a two-year fixed rate mortgage will have less incentive to switch from their Standard Variable Rate (SVR) to a new deal. The graph shows the difference between the two rates, which is the lowest it has been for six months.

Read full article... Read full article...

 


Housing-Market

Tuesday, August 16, 2016

Average Two-year Tracker Mortgage Breaks Below 2pc Barrier / Housing-Market / Mortgages

By: MoneyFacts

Over a week has passed since the Bank of England base rate dropped to 0.25%, its lowest level in over 300 years. This has led to a spur in activity in the tracker mortgage market. The average two-year tracker mortgage deal has just broken the 2% barrier for the first time on record, according to the latest figures released by Moneyfacts.co.uk.

Read full article... Read full article...

 


Housing-Market

Monday, July 25, 2016

Six-month Review of the UK Mortgage Market / Housing-Market / Mortgages

By: MoneyFacts

When looking back at the first half of 2016 it’s clear to see that the mortgage market has had a significant boost, resulting in some of the lowest rates on record. In fact, research from Moneyfacts.co.uk shows that, since the start of this year, average rates across all fixed mortgage terms have fallen; the average two-year fixed rate has seen the biggest reduction, falling by 0.24% since January this year.

Read full article... Read full article...

 


Housing-Market

Monday, June 27, 2016

UK Mortgage Cashback Deals in Decline / Housing-Market / Mortgages

By: MoneyFacts

Cash rebates were once a great way for providers to stand out in the highly competitive mortgage market. However, research from Moneyfacts.co.uk shows that these deals have begun to fall from favour, resulting in the number of available deals dropping by a staggering 280 in just one year.

Read full article... Read full article...

 


Housing-Market

Friday, June 24, 2016

Insanity Definition on Full Display in US Mortgage Market / Housing-Market / Mortgages

By: Michael_Pento

Wells Fargo recently announced a new mortgage product they are calling “A game changer in the industry.” According to the bank, this product is purported to facilitate the dream of homeownership to more people by …wait for it... lowering the down payment and out-of-pocket costs associated with a more conventional mortgage products, while also offering more consumer friendly income and credit guidelines.

This new product that those at Wells Fargo have declared “revolutionary” is called yourFirst MortgageSM and one has to imagine it must have been developed by somebody with a severe case of amnesia and who has recently suffered from a bad concussion.

Read full article... Read full article...

 


Housing-Market

Tuesday, June 21, 2016

UK Fixed Rate Mortgages - Move Over Banks, Mutuals Offer Borrowers Better Deals / Housing-Market / Mortgages

By: MoneyFacts

Due to bigger banks taking greater advantage of the Government’s Funding for Lending Scheme to fund their mortgage books (and still having a significant sum of cash left to use), many would assume that mortgage rates from these providers would be significantly lower than those offered by the rest of the market. However, research from Moneyfacts.co.uk has found that building societies are actually the undeniable winners when it comes to mortgage deals.

Read full article... Read full article...

 


Housing-Market

Tuesday, May 31, 2016

UK Mortgage Interest Rates Before and After the Help to Buy Scheme / Housing-Market / Mortgages

By: MoneyFacts

Since the introduction of the Help to Buy Mortgage Guarantee Scheme in October 2013 the market for high loan-to-value mortgages has been well and truly shaken up. Indeed, as a result of the scheme, Moneyfacts.co.uk can reveal that the number of 95% loan-to-value (LTV) mortgages has jumped from just 56 products in October 2013 to 271 today.

Read full article... Read full article...

 


Housing-Market

Monday, May 23, 2016

Mind the Gap! High-LTV Mortgages Get Cheaper / Housing-Market / Mortgages

By: MoneyFacts

Heightened competition in the mortgage market has given those with smaller deposits a boost, as not only are there more deals for borrowers to choose from but there are also lower rates. In fact, Moneyfacts.co.uk can reveal that the difference in rates between the average two-year fixed mortgage at 60% and 90% loan-to-value (LTV) has reduced by 0.93% to 1.03% in just two years.

Read full article... Read full article...

 


Housing-Market

Monday, May 09, 2016

UK Fixed Rate Mortgage Fees Hit Two-year High / Housing-Market / Mortgages

By: MoneyFacts

Mortgages have become increasingly competitive over the years, and thanks to low interest rates and Government initiatives, there are many deals on offer that will save borrowers thousands of pounds on their mortgage.

However, despite the long-running price war, the latest research by Moneyfacts.co.uk reveals that mortgage fees are now on the rise, which means borrowers should be even more diligent when working out the cost-effectiveness of a deal.

Read full article... Read full article...

 


Housing-Market

Wednesday, May 04, 2016

Barclays Launches 100% Mortgage to Compete with Bank of Mum and Dad - Video / Housing-Market / Mortgages

By: Mario_Innecco

Transcript Excerpt: hi it's out Wednesday's the 4th of May 2016 I'll be talking about Barclays Bank
here in the UK they've just launched the first hundred percent mortgage since the
2008 crisis if you remember well Northern Rock collapse because you know
their lending recklessly so now Barclays Bank is doing the same thing I do have
to say though that it's not surely a hundred percent because it's also called
a guarantor mortgage which basically means that the parents of the young
couple or young person taking on that mortgage they put down 5% the mortgage
in an account with Barclays for three years to guarantee that mortgage and you
know and and the border wars they keep paying the interest and the guarantor

Read full article... Read full article...

 


Housing-Market

Wednesday, May 04, 2016

Tracker Mortgage Rates Start to Rise as Demand Falls / Housing-Market / Mortgages

By: MoneyFacts

The Bank of England base rate has now been on hold at 0.50% for seven years, so it would be fair to assume that variable rate tracker mortgages have also remained static. However, research from Moneyfacts.co.uk shows that this is not the case, with the average two-year tracker mortgage rate increasing by 0.06% since November 2015.

Read full article... Read full article...

 


Housing-Market

Tuesday, April 05, 2016

Could a Three-year Fixed Rate UK Mortgage be Just Right? / Housing-Market / Mortgages

By: MoneyFacts

Uncertain times in the financial world often leave borrowers wondering how long they should fix their mortgage for. In order to meet the needs of those looking for a term that offers the perfect mix of security and a great rate – in other words, one that is ‘just right’ - Moneyfacts.co.uk has found that the number of three-year fixed rate mortgages has increased by 16% in just two years.

Read full article... Read full article...

 


Housing-Market

Thursday, March 24, 2016

BBA statistics show that UK mortgage borrowing is 33% higher than a year ago / Housing-Market / Mortgages

By: MoneyFacts

Charlotte Nelson, Finance Expert at Moneyfacts.co.uk, comments: “Mortgage borrowing has shown yet another year-on-year rise, which is unsurprising considering that rates in the mortgage market are still falling to new all-time lows. For example, the average two-year fixed mortgage rate has decreased from 3.06% to 2.56% in just 12 months, while the average five-year fixed rate has dropped from 3.60% to 3.20% over the same period.

Read full article... Read full article...

 


Housing-Market

Tuesday, March 15, 2016

Sharp Rise in UK Mortgage Deal Freebies / Housing-Market / Mortgages

By: MoneyFacts

In recent years the mortgage market has become an arena for fierce competition, with providers vying to have the lowest deals on the market to attract new customers. But as rates have been slashed, providers have begun to look beyond the headline rate in order to catch the eye of new borrowers. As a result, more and more providers are choosing not to compete on price alone but to also focus on the incentive packages accompanying their mortgages.

Read full article... Read full article...

 


Housing-Market

Monday, March 14, 2016

UK Property Equity Release Market Responds to Rising Demand with Greater Choice / Housing-Market / Mortgages

By: MoneyFacts

The equity release market is responding to increasing demand from elderly homeowners looking to unlock cash from their homes with a wider range of products and options, according to new research by Moneyfacts.

The research, which focused on the current offerings available in the equity release market, found that there are now 70 different lifetime mortgage equity release deals available covering a wide range of options and loan-to-values (LTVs), an increase of 34% on the number of deals available last year and more than double the total number from three years ago (see the table below).

Read full article... Read full article...

 


Housing-Market

Wednesday, February 24, 2016

UK Housing Market Mortgage Lending Surges by 38% / Housing-Market / Mortgages

By: MoneyFacts

“The latest statistics from the BBA show that mortgage approvals are up 38% from last year. The rise has been greatly helped by intense competition in the mortgage market, with every loan-to-value (LTV) and fixed rate being fought over by lenders wanting to gain pole position. As a result, the average two-year fixed mortgage rate, for instance, has dropped from 3.14% to 2.56% in the space of just one year.

Read full article... Read full article...

 


Housing-Market

Monday, February 08, 2016

UK Mortgage Fees Hit 21-month High / Housing-Market / Mortgages

By: MoneyFacts

With over 4,500 mortgage products for borrowers to choose from it’s unsurprising that those seeking the most cost-effective deal can become confused by the array of choice available.

Assessing the overall value of a mortgage is becoming even more crucial as research from Moneyfacts.co.uk shows that borrowers are now stumping up more cash to arrange a mortgage, with the average mortgage fee today being a full £68 higher than in June 2014 - a 21-month high.

Read full article... Read full article...

 


Housing-Market

Monday, January 25, 2016

UK Mortgage Interest Rates Are Still Falling - So take Advantage! / Housing-Market / Mortgages

By: MoneyFacts

At the end of last year, rumours about a base rate rise in the near-future reached boiling point, but it appears that providers were unaffected by the predictions and chose not to increase their rates – instead, Moneyfacts.co.uk can reveal that fixed mortgage rates have continued to fall across all loan-to-values (LTVs) and terms.

Read full article... Read full article...

 


Housing-Market

Tuesday, December 22, 2015

UK Mortgage Interest Rates Recap of 2015 / Housing-Market / Mortgages

By: MoneyFacts

The year of 2015 will been seen by many as the year of the mortgage: competition increased until it reached boiling point, with all sectors of the market becoming embroiled in a fight for borrowers. As a result, rates plummeted until they eventually reached new all-time lows.

Indeed, calculations from Moneyfacts.co.uk based on the average two-year fixed rate mortgage show that a new borrower would now be £805.44* a year better off than they were a year ago.

Read full article... Read full article...

 


Housing-Market

Tuesday, December 15, 2015

Yorkshire Building Society New 3.68% Two-year Fixed Rate Mortgage / Housing-Market / Mortgages

By: MoneyFacts

Below is a new product, which has been rated ‘outstanding’ by Moneyfacts.co.uk, the highest rating we award.

Yorkshire Building Society has just launched a new two-year fixed rate mortgage priced at 3.68% until 31.1.18. This deal is for first and second-time buyers who borrow £50,000 up to a maximum of £500,000 at 95% loan-to-value (LTV). A fee of £975 is payable, of which £845 can be added to the mortgage.

Read full article... Read full article...

 


Housing-Market

Tuesday, December 08, 2015

Sitting Uncomfortably on Your SVR Mortgate Interest Rate? / Housing-Market / Mortgages

By: MoneyFacts


Back in 2013 the Funding for Lending Scheme had a major impact on the mortgage market, leading to the introduction of what were at the time the lowest rates we had ever seen, particularly for two-year fixed deals. However, consumers who snapped up these deals are now coming to the end of their fixed terms, which means that many will soon start paying their providers’ revert rate. But data from Moneyfacts.co.uk shows that by sitting on the revert rate, borrowers could potentially see their repayment costs shoot up by almost £3,500 a year.

Read full article... Read full article...

 


Housing-Market

Tuesday, November 10, 2015

The 10-year Fixed Rate Mortgage Gamble / Housing-Market / Mortgages

By: MoneyFacts

With uncertain times ahead with regards to base rate, many borrowers are looking for long-term mortgage repayment security to shield them from future, unpredictable rate rises.

Ten-year fixed rate mortgages do just that, and data from Moneyfacts.co.uk shows that the number of deals available has almost doubled in just one year to meet growing demand. And in even better news, the interest rates being offered have also fallen.

Read full article... Read full article...

 


Housing-Market

Tuesday, November 03, 2015

Steady Rise in UK Mortgage Freebies / Housing-Market / Mortgages

By: MoneyFacts

Falls in mortgage rates over the past couple of years have left providers with little room to manoeuvre when it comes to competing on price. As a result, providers have come up with more innovative ways to attract customers.

One of the most popular methods appears to be adding an incentive package to a mortgage deal. Data from Moneyfacts.co.uk shows that the number of mortgage products offering a range of freebies has increased by over third in five years, illustrated by the table below.

Read full article... Read full article...

 


Housing-Market

Tuesday, October 27, 2015

The Frightening True Cost of Low Mortgages Interest Rates / Housing-Market / Mortgages

By: MoneyFacts

Borrowers are often bombarded by an array of choice when looking for a mortgage, so it’s unsurprising that many may mistakenly think that opting for the lowest rate will save them money.

However, this is simply not the case; in fact, Moneyfacts.co.uk can reveal that borrowers would actually be better off choosing a deal with no arrangement fee over a lower rate alternative.

Read full article... Read full article...

 


Personal_Finance

Thursday, October 08, 2015

Tesco Bank’s new 3.89% two-year Fixed Interest Rate Mortgage / Personal_Finance / Mortgages

By: MoneyFacts

Below is a new product, which has been rated ‘outstanding’ by Moneyfacts.co.uk, the highest rating we award.

Tesco Bank has just launched a new two-year fixed rate mortgage priced at 3.89% until 31.1.18. This deal is for all applicants who borrow from £40,000 at 95% loan-to-value (LTV). A fee of £495 is payable, of which £300 can added to the advance of the mortgage. An incentive package for remortgage customers of free valuation and free legal fees is also offered.

Read full article... Read full article...

 


Housing-Market

Monday, September 21, 2015

Remortgagors Reap the Benefits / Housing-Market / Mortgages

By: MoneyFacts

Moneyfacts.co.uk data can reveal that not only are remortgagors reaping the benefits of more products on the market, but they’re also profiting from significantly lower rates.

With remortgage activity surging to its highest level in four-years*, it looks as though there has been no better time to take advantage of the great deals on offer. The table below highlights how the number of products available to remortgage customers on the market has increased while the rates charged have simultaneously fallen.

Read full article... Read full article...

 


Housing-Market

Monday, September 07, 2015

Rising UK Mortgage Interest Rates - Wave Goodbye to Lowest Five-year Fixes / Housing-Market / Mortgages

By: MoneyFacts

Over the past year borrowers have been treated to record low mortgage rates; however, research from Moneyfacts.co.uk shows that the lowest five-year fixed mortgage rates may already be a thing of the past.

Read full article... Read full article...

 


Housing-Market

Wednesday, August 26, 2015

UK Re-mortgaging Hits a Four-year High / Housing-Market / Mortgages

By: MoneyFacts

Charlotte Nelson, Finance Expert at Moneyfacts.co.uk, comments:

“With many borrowers taking advantage of the record low rates on the market, it’s little wonder that approvals for remortgages are at a four-year high.

Read full article... Read full article...

 


Housing-Market

Monday, August 03, 2015

Tesco Bank’s new 3.99% Two-year Fixed Rate Mortgage / Housing-Market / Mortgages

By: MoneyFacts

Below is a new product, which has been rated outstanding by Moneyfacts.co.uk, the highest rating we award.

Tesco Bank has just launched a new two-year fixed rate mortgage priced at 3.99% until 31.10.17. This deal is for applicants who borrow from £40,000 at 95% loan-to-value (LTV). A fee of £495 is payable, all of which can be added to the advance of the mortgage. An incentive package for remortgage customers of free valuation and free legal fees is available.

Read full article... Read full article...

 


Housing-Market

Wednesday, July 15, 2015

Is Voluntary Repossession A Good Option When Facing Mortgage Arrears? / Housing-Market / Mortgages

By: Submissions

Victoria Adams writes: What Is Voluntary Repossession?

If you are unable to pay your monthly instalments on a secured home loan/mortgage, there are chances that your lender might want to evict you and repossess your home. In such conditions, the first thought that would strike you would be to hand over your house keys to the lender voluntarily without facing the embarrassment of someone throwing you out of your house. This is known as voluntary repossession.

Read full article... Read full article...

 


Housing-Market

Monday, July 06, 2015

Rocketing First-time Home Buyer Mortgage Deals / Housing-Market / Mortgages

By: MoneyFacts

“First-time buyer products have soared to their highest level since 2007, with the number of 90% and 95% loan-to-value (LTV) mortgages now totalling 723 products. This marks a 73% increase on five years ago, when buyers with small deposits only had the choice of 194 products.

“Surprisingly, Help-to-Buy (H2B) doesn’t account for all of these new products, but with the number of deals totalling 437 before the scheme was launched, it is clear that H2B acted as a catalyst for banks and building societies to get in on the act.

Read full article... Read full article...

 


Housing-Market

Monday, June 29, 2015

Quadruple Growth in Fee-free UK Mortgages / Housing-Market / Mortgages

By: MoneyFacts

Charlotte Nelson, Finance Expert at Moneyfacts.co.uk, comments: “Research from Moneyfacts.co.uk reveals that the number of fee-free mortgages has quadrupled in the last five years, increasing from 220 deals in 2010 to a staggering 902 today.

“With a quarter of the market now offering fee-free deals, it’s clear that lenders are trying to compete in other ways besides the traditional headline rate. By offering multiple product combinations, providers are almost allowing their borrowers to customise their mortgage to suit them.

Read full article... Read full article...

 


Housing-Market

Wednesday, June 10, 2015

Building Societies Win the Mortgage War / Housing-Market / Mortgages

By: MoneyFacts

Charlotte Nelson, Finance Expert at Moneyfacts.co.uk, comments: “Moneyfacts.co.uk has compared the mortgage offerings of building societies and banks and found that building societies are the undeniable winners.

“The average five-year fixed mortgage rate from banks is 3.51%, while the average rate from building societies is just 3.21% - a whopping 0.30% lower.

Read full article... Read full article...

 


Personal_Finance

Wednesday, June 03, 2015

UK Cashback Mortgages Double / Personal_Finance / Mortgages

By: MoneyFacts

Charlotte Nelson, Finance Expert at Moneyfacts.co.uk, comments: “Since mortgage rates started to tumble the market has seen a marked increase in cashback incentives.

“Research from Moneyfacts.co.uk reveals that today there are 948 cashback mortgage deals compared with 469 four years ago, while the average amount that can be received has shot up from £274 to £475.

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Housing-Market

Wednesday, May 27, 2015

UK Offset Mortgage Interest Rates Hit All-time Lows / Housing-Market / Mortgages

By: MoneyFacts

Charlotte Nelson, Finance Expert at Moneyfacts.co.uk, comments:

“Research from Moneyfacts.co.uk reveals that offset rates have fallen to record lows with the average offset fixed rate now priced at 2.65%, over one percentage point lower than two years ago (3.68%).

Read full article... Read full article...

 


Housing-Market

Wednesday, May 20, 2015

UK Mortgage Borrowers Able to Secure Five-year fixed Deals at Two-year Prices / Housing-Market / Mortgages

By: MoneyFacts

Charlotte Nelson, Finance Expert at Moneyfacts.co.uk, comments: “The cost of the average five-year fixed rate mortgage has fallen significantly over the past year with many providers launching the lowest ever rates.

“With the average five-year fixed rate mortgage priced at 3.45% today, this is considerably lower than what the average two-year fixed rate was offering a year ago (3.73% in May 2014).

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Housing-Market

Tuesday, March 31, 2015

UK Average 2-year fixed Rate Mortgage Falls below 3% for First Time / Housing-Market / Mortgages

By: MoneyFacts

Moneyfacts records reveal that the overall average cost of a two-year fixed rate mortgage across the different loan-to-values (LTVs) has dropped to below 3% for the first time.

At the start of March 2015 the average stood at 3.06%, but by 30 March it had dropped to 2.98%.

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Housing-Market

Wednesday, January 07, 2015

UK Low Interest Rates Surge in 10 Year Fixed Rate Mortgage Deals / Housing-Market / Mortgages

By: MoneyFacts

Research from Moneyfacts reveals that the number of 10-year fixed rate mortgage deals on the market is continuing on a sharp upward trajectory. 

Shorter term fixed rate mortgages have been the favoured option for borrowers for many years, but the historic low rates on offer in today’s market means that fixing for longer periods is definitely an attractive offer, hence the rise of the decade-long fixed rate.

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Housing-Market

Wednesday, August 06, 2014

Rising UK Fixed Mortgage Interest Rates / Housing-Market / Mortgages

By: MoneyFacts

The ill-fated Government Funding for Lending Scheme was withdrawn from the retail market in January this year, and Moneyfacts can reveal that average interest rates on the popular five and two-year fixed rate mortgages have started to escalate in response. However, at the same time, the lesser known three-year fixed rate has continued to fall.      

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Housing-Market

Tuesday, July 01, 2014

25 Years of UK Fixed Interest Rate Mortgages / Housing-Market / Mortgages

By: MoneyFacts

During the last 25 years, fixed rate mortgages have moved from the new kid on the block to the preferred choice of today’s mortgage borrowers.

The average house price* in 1989 stood at £55,000, today it has leapt to £260,000. Retail Price Index (RPI), the only inflationary measurement of the day, was 8.3% compared to 3.3% now and Bank of England base rate stood at 14%.

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Housing-Market

Friday, May 30, 2014

Home Ownership Debt, Mortgages, Slavery and the Risk of Ruin / Housing-Market / Mortgages

By: Nadeem_Walayat

Britain has a debt based economy where expanding total debt is the primary enabler for the economy to expand and that is the primary purpose of the Bank of England to enable governments to expand total debt be it public or private. However, following the credit crisis collapse of 2007-2009, individuals and banks become reluctant to borrow despite record low interest rates and hence why despite successive Governments (Labour and Coalition) having gone on a relentless spending binge to the tune of £750 billion of new debt the economy stagnated due to the failure to ignite a borrowing frenzy amongst Britain's working population.

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Housing-Market

Tuesday, May 06, 2014

Fastest Rise in UK Mortgage Interest Rates for Over 2 Years / Housing-Market / Mortgages

By: MoneyFacts

Research from Moneyfacts.co.uk reveals that the average rate charged on a two-year fixed rate mortgage (across all LTVs) increased by 0.09% in one month, the fastest increase in the average rate since February 2012 when it rose by 0.13%.   

The average two-year fixed rate increased on fourteen (70%) of the twenty business days in April. It fell just three times (15%). Anyone applying for a two-year fixed on 1 April would have been offered an average rate of 3.52%, but by 30 April it would have risen to 3.61%, or an additional £290.88 over the term for a mortgage of £250,000.

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Housing-Market

Wednesday, March 19, 2014

Reverse Mortgages 101 / Housing-Market / Mortgages

By: Don_Miller

My grandfather liked to use clever sayings to make a point. One of his favorites was, “the same thing, only different!” As we pulled together this article, I immediately thought of how his funny little saying applied.

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Housing-Market

Tuesday, March 04, 2014

UK Mortgages Five Years of Historic Low BOE Interest Rate Analysis / Housing-Market / Mortgages

By: MoneyFacts

Thursday is expected to mark the fifth year of the historically low BoE base rate of 0.5%. 

Moneyfacts has analysed the lowest mortgage rates available in March 2009 against today’s equivalents.

The table below shows the lowest mortgage rate five years ago for 60% LTV was 2.99% compared to today’s equivalent mortgage, which charges just 1.48%. After working out the true cost of the mortgage including fees and introductory offers and based on a £150,000 mortgage over 25 years, today’s borrower is saving almost £800 (£788.96).

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Housing-Market

Monday, February 17, 2014

Banks Retake UK Mortgages 95% Fixed LTV Market / Housing-Market / Mortgages

By: MoneyFacts

Moneyfacts.co.uk research reveals that over the last six months there has been a significant rise in the number of fixed rate 95% LTV mortgages offered by banks, so much so the former market share enjoyed by building societies is being rapidly eroded.

Historically, building societies have held a greater share of the 95% LTV sector, largely due to the fact that banks have been reluctant to offer such high-risk products.

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Housing-Market

Friday, October 11, 2013

New Help to Buy Mortgages Halifax, RBS, Nat West, HSBC, Virgin Money, Aldermore, Santander / Housing-Market / Mortgages

By: Nadeem_Walayat

David Cameron brought forward the Help to Buy scheme phase 2 by 3 months to 7th of October 2013 to help kick start a UK housing market lead election economic boom which means that despite the governments five year fixed term date for a May 2015 general election, in reality the election could come at anytime between May 2014 and May 2015. Therefore the stronger the economy the more election cards David Cameron will have to play in the run up to the next general election.

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Personal_Finance

Thursday, September 05, 2013

UK Savings Virgin 3% ISA; Mortgages Leeds Building Society 2.39% Fix / Personal_Finance / Mortgages

By: MoneyFacts

The Moneyfacts Pick of the Week showcases the best of the latest products or rate changes to hit the consumer finance market.

Brief product details together with independent Moneyfacts analysis can be used with confidence in your finance sections. You can select one or two products to sit beside a relevant story or use them all as a general feature.

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Housing-Market

Tuesday, June 18, 2013

U.S. Mortgage Interest Rates on the Rise; Repeat of Lead-Up to 2008? / Housing-Market / Mortgages

By: InvestmentContrarian

Sasha Cekerevac writes:One reaction that should not surprise long-term investors is that the market will move far quicker and further than most people expect. Even before the Federal Reserve has made any statement regarding the timing of reducing its asset purchase program, investors have already begun selling their fixed-income investments, which is causing yields to rise.

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Housing-Market

Friday, May 03, 2013

UK Interest Only Mortgage Mis-Selling Scandal - How to Claim Compensation / Housing-Market / Mortgages

By: Nadeem_Walayat

First worthless payment protection insurance, then crushing interest rate swaps on small businesses and now the latest unfolding mis-selling scandal that could dwarf them all is the one of over 3 million interest only mortgages taken out by would-be home buyers during the housing boom years as desperate buyers were forced to over leverage themselves to get themselves onto the housing ladder.

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Housing-Market

Thursday, April 25, 2013

UK Mortgage Market Record Low Fixed Interest Rates, Current Best 5 Year Mortgages / Housing-Market / Mortgages

By: MoneyFacts

Moneyfacts research has revealed a shift in the mortgage products lenders want to sell as the number of five-year fixed rate mortgages increased by 73% in the last 12 months.

By comparison, the traditionally popular two-year fixed rate mortgages have only increased by 33%.

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Housing-Market

Tuesday, March 05, 2013

UK Mortgage Market Set for Major Change / Housing-Market / Mortgages

By: MoneyFacts

Moneyfacts research reveals that the mortgage market has literally turned on its head in the last five years.

In 2008, everyone wanted to sell to first-time buyers (FTBs); out of 2,096 mortgage products, 957 were aimed at anyone with at least a 10% deposit and only 24 mortgages sought those with a large deposit. 

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Housing-Market

Wednesday, February 20, 2013

UK Mortgages Hit Lowest Interest Rates Ever! / Housing-Market / Mortgages

By: MoneyFacts

Fixed mortgage rates are dropping like stones, Moneyfacts research reveals. Rates started a slow descent shortly after the Government’s Funding for Lending Scheme (FLS) began last August and have picked up speed with new ‘best ever’ deals coming onto the market almost daily.    

We are currently experiencing the lowest two, three and five year average fixed rate mortgages seen since their launch in 1989.

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Housing-Market

Thursday, December 20, 2012

When to Pay Off Your Mortgage / Housing-Market / Mortgages

By: Casey_Research

My good friend Rob recently paraphrased Warren Buffett as saying, “If he knew where he was going to live for the next decade, he’d buy a house with a long-term mortgage.” Buffett thought a mortgage was a good hedge against inflation, because the homeowner would pay off the mortgage with cheaper dollars down the road.

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Housing-Market

Monday, April 23, 2012

UK Mortgages Fixed Interest Rates Plummet / Housing-Market / Mortgages

By: MoneyFacts

The average rate of a five year fixed mortgage has decreased over the past year, from 5.59% to 4.86% today.

Read full article... Read full article...

 


Housing-Market

Tuesday, April 03, 2012

UK Interest-only mortgage house arrest / Housing-Market / Mortgages

By: MoneyFacts

There has been a sudden surge in lenders reducing the LTVs on interest-only mortgages to just 50%, placing them firmly out of the reach of the majority of borrowers.

Lenders cite this as ‘prudent’ borrowing but anyone who currently has an interest-only mortgage at a higher LTV than 50% needs to consider their limited options quickly.

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Housing-Market

Monday, April 02, 2012

Falling UK Mortgage Interest Ratesm, Should Borrowers Rejoice? / Housing-Market / Mortgages

By: MoneyFacts

The Bank of England base rate has remained at an all-time low of 0.50% for three years, the longest hold for 60 years.

Moneyfacts research shows that as the current economic climate took hold three years ago the average deposit needed for a mortgage rose to 40%. Currently it hovers around the 25% mark, thanks to an increase in higher loan-to-value deals.

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Interest-Rates

Thursday, February 23, 2012

Investing in Mortgages Makes Sense While Fed Supresses Yields / Interest-Rates / Mortgages

By: Bloomberg

Best Financial Markets Analysis ArticlePIMCO founder and co-CIO Bill Gross spoke with Bloomberg Television's Trish Regan, Lisa Murphy and Adam Johnson today about where to invest, the ETF PIMCO is launching next week and the state of the economy.

Gross said that investing in "mortgages make sense" as "yields are not going anywhere for the next two or three years."

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Personal_Finance

Thursday, February 16, 2012

Moneyfacts UK Mortgages and Savings Picks of the Week / Personal_Finance / Mortgages

By: MoneyFacts

The Moneyfacts Pick of the Week showcases the best of the latest products to hit the consumer finance market.

Brief product details together with independent Moneyfacts analysis can be used with confidence in your finance sections. You can select one or two products to sit beside a relevant story or use them all as a general feature.

Read full article... Read full article...

 


Housing-Market

Tuesday, January 17, 2012

Demand Outweighs UK Mortgage Choice / Housing-Market / Mortgages

By: MoneyFacts

Moneyfacts research of the residential mortgage market reveals the choice of mortgages on offer has increased from 2,527 to 3,180 over the last 12 months. At the peak of the banking crisis in 2009, the number of mortgages fell to just 1,209.

The increase in numbers came despite a combination of rises and falls across the range of the loan-to-value tiers. Today, the 60% loan-to-value tier offers the most choice but the high deposit required limits its attraction. 

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Housing-Market

Monday, November 14, 2011

Mortgages for the 'Middle-Rich' Are Class Warfare Ammunition / Housing-Market / Mortgages

By: Money_Morning

Best Financial Markets Analysis ArticleShah Gilani writes: For weeks now I've been telling you the markets are broken.

Now I'm going to prove it.

Today I'm talking about the housing market. It's broken. The truth is Congress broke it. Of course, it had help from mortgage originators, banks, and a deliriously greedy public.

Read full article... Read full article...

 


Housing-Market

Wednesday, November 09, 2011

U.S. Mortgage Rates are Low, But Are Bankers Willing to Extend Mortgages? / Housing-Market / Mortgages

By: Asha_Bangalore

The 30-year fixed rate mortgage was quoted at 4.0% as of November 4, the lowest since 1971 (see Chart 3). Home prices are attractive as they have declined 32% from the peak in 2006.

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Housing-Market

Wednesday, August 17, 2011

UK Mortgage Fees Rise 17% in a Year / Housing-Market / Mortgages

By: MoneyFacts

The average mortgage arrangement fee has increased by £151 over the last year – a rise of 17%.

In August 2010 the average fee was £879, today it stands at £1,030.

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Housing-Market

Wednesday, August 10, 2011

UK Mortgage Fixed Interest Rates Continue to Fall / Housing-Market / Mortgages

By: MoneyFacts

For the first time since Moneyfacts started recording rates in 1988 the average five-year fixed mortgage rate has fallen below 5%, today standing at 4.99%.

In the last 29 months since bank base rate has been on hold at 0.50%, the average five-year fixed mortgage rate has stood as high as 6.24% (September 2009).

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Housing-Market

Monday, July 25, 2011

UK Capped Rate Mortgage Deals Analysis / Housing-Market / Mortgages

By: MoneyFacts

In the last two years the number of capped mortgage deals has increased from just one to 39.

Lenders such as Coventry Building Society, first direct, The Mortgage Works and Woolwich from Barclays are currently offering capped mortgages.

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Housing-Market

Thursday, June 09, 2011

Hope for First-time Home Buyers as Mortgage Products Treble / Housing-Market / Mortgages

By: MoneyFacts

The number of mortgage products available to first-time buyers has almost trebled since June 2009.  There are currently 183 deals designed for those taking their first steps onto the property ladder, compared to just 62 in June 2009.

Read full article... Read full article...

 


Housing-Market

Monday, May 09, 2011

UK Mortgage Interest Rate Fall Below 6.00% / Housing-Market / Mortgages

By: MoneyFacts

The average rate for would be mortgage borrowers with just a 10% deposit has fallen below 6.00% for the first time since March 2008.

Today the average rate for a two year fixed mortgage at 90% LTV stands at 5.98%, 0.40% lower than a year ago.

Read full article... Read full article...

 


Housing-Market

Monday, March 07, 2011

U.K. Tracker Interest Rate Mortgages Fall to All Time Low / Housing-Market / Mortgages

By: MoneyFacts

The average rate on a two year tracker mortgage has fallen to 3.40%, its lowest level since Moneyfacts started monitoring rates in 1988.

Read full article... Read full article...

 


Housing-Market

Monday, February 21, 2011

Best Sources for UK Mortgages, Biggest isn’t always best! / Housing-Market / Mortgages

By: MoneyFacts

The UK’s largest lenders* have a three quarter market share, but only provide 145 (29%) of the top 500 mortgages.**

Just six of the top 50 two year fixed/85% LTV mortgages are offered by the largest lenders, equating to a mere 12%.

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Housing-Market

Wednesday, February 16, 2011

UK Mortgage Market Improves as Higher LTV Mortgages Increase / Housing-Market / Mortgages

By: MoneyFacts

The mortgage market has seen a gradual increase in the number of products offering higher loan-to-values (LTVs), providing some relief to borrowers with limited deposits.

Read full article... Read full article...

 


Interest-Rates

Tuesday, February 08, 2011

UK Fixed Mortgage Interest Rates Hit 6 Month High / Interest-Rates / Mortgages

By: MoneyFacts

Average mortgage rates today stand at their highest level in six months as lenders pass on rising funding costs to borrowers.

The cost to lenders of raising funding on the swap rate market has soared in recent months. At the end of November, the two-year swap rate stood at 1.35%, today it stands at 1.98% - 47% higher.

Read full article... Read full article...

 


Housing-Market

Monday, November 29, 2010

UK Mortgages Falling Demand Despite Falling Interest Rates and More Products / Housing-Market / Mortgages

By: MoneyFacts

Over the last year the number of mortgages available to borrowers has grown significantly, with borrowers who have a 20% deposit or less seeing the biggest improvements.

At the same time, rates continue to fall, with the average two, three and five year fixed rates all standing at the lowest level seen since Moneyfacts records began in 1988.

Read full article... Read full article...

 


Housing-Market

Monday, October 11, 2010

Top Tips for Remortgaging Your House / Housing-Market / Mortgages

By: Credit_Choices

If you want to change your mortgage deal, the way to do this is by remortgaging. You can either change your deal but stay with your current mortgage provider or change to a different mortgage provider altogether.

Read full article... Read full article...

 


Personal_Finance

Tuesday, October 05, 2010

How To Decide Between Fixed-Rate and Tracker Mortgages / Personal_Finance / Mortgages

By: Credit_Choices

Best Financial Markets Analysis ArticleOne of the biggest decisions to make when taking on a mortgage is whether to go for a fixed-rate mortgage or a tracker mortgage. You need to consider your own personal circumstances, and all the potential outcomes of being signed up to each kind of mortgage.

Read full article... Read full article...

 


Personal_Finance

Tuesday, October 05, 2010

Top Tips For Switching Between Mortgage Deals / Personal_Finance / Mortgages

By: Credit_Choices

Best Financial Markets Analysis ArticleIf your mortgage deal is no longer competitive, it may be time to switch. However, choosing the wrong mortgage could cost you thousands of pounds a year. Here are the most important things to consider when planning to switch mortgages.

Read full article... Read full article...

 


Personal_Finance

Friday, September 17, 2010

Mortgage Repayment Protection, Is it worth it? / Personal_Finance / Mortgages

By: Credit_Choices

Mortgages were seen in the boom years as a foolproof way of borrowing, leading to inevitable profits from soaring house prices. Now the recession has hit, many people are struggling to repay their mortgages by themselves - this is where mortgage protection comes in.

Read full article... Read full article...

 


Housing-Market

Thursday, August 19, 2010

Banks Enjoying Record Profit Margins on UK Mortgages at Borrowers and Tax Payers Expense / Housing-Market / Mortgages

By: Nadeem_Walayat

Best Financial Markets Analysis ArticleBritain has been increasingly operating under an artificial tax payer supported banking system for the past 2 years that exists primarily to funnel tax payer cash onto the balance sheets of the bailed out bankrupt banks by means of capital injections, artificially low interest rates to generate unprecedented margins on loans against savings rates that persistently pay significantly below the rate of inflation and many other mechanisms such as Quantitative Easing which allows banks to borrow from the Bank of England at 0.5% and invest in longer dated government bonds at zero risk at 3.5%, thus generating a 3% risk free profit on tax payer cash.

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Housing-Market

Thursday, August 12, 2010

First Time Buyers are Seizing the Moment Get Mortgages / Housing-Market / Mortgages

By: MoneyFacts

The First Time Buyer mortgage market has seen an increase in activity of late. Latest figures released by the Council of Mortgage Lenders have shown a 20% rise in approvals for first time buyer mortgages in June.

Moneyfacts research shows that the current average two year fixed first time buyer rate for borrowers with a 10% deposit is 6.15%, down from 6.48% six months ago.

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Personal_Finance

Tuesday, August 03, 2010

Another New U.S. Mortgage Fee, Five Golden Rules for Applying for Mortgages / Personal_Finance / Mortgages

By: Amber_Dakar

Best Financial Markets Analysis ArticleIf you’re in the market to buy a new home, be aware that the U.S. Treasury Department is considering a new mortgage fee to fund the backstops it gives for loans purchased through Fannie Mae and Freddie Mac.

Analysts say the fee may be up to 1.5 percent of the borrower’s mortgage, which would be a big increase from the current 0.25 percent that both Fannie and Freddie currently charge mortgage borrowers. Plus, it remains to be seen if this new charge would be in addition to that current charge!

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Housing-Market

Tuesday, July 20, 2010

Are Increased Bank Mortgage Market Margins Here to Stay? / Housing-Market / Mortgages

By: MoneyFacts

Fixed mortgage rates continue to fall as lenders try to tempt borrowers off record low variable deals.

While borrowers are benefiting from the lowest rates in seven years, lenders are continuing to take record margins.

Read full article... Read full article...

 


Housing-Market

Monday, June 21, 2010

UK Mortgage Interest Rates At 7 Year Low / Housing-Market / Mortgages

By: MoneyFacts

The average rate on two year fixed rate mortgages has fallen to 4.52%, its lowest level since September 2003, when the average stood at 4.51%.

Read full article... Read full article...

 


Housing-Market

Thursday, May 27, 2010

UK Tumbling Mortgage Interest Rates Are Still No Incentive to Borrowers / Housing-Market / Mortgages

By: MoneyFacts

Mortgage rates are being cut, lending criteria is steadily being loosened and product availability is improving. It appears to be a perfect platform to host a resurgence in a struggling mortgage market, but it looks as if there is still little incentive for borrowers to commit to a new deal.

Read full article... Read full article...

 


Housing-Market

Wednesday, May 19, 2010

Buy-to-let Mortage Market Sector Begins Fight Back From Credit Crisis / Housing-Market / Mortgages

By: MoneyFacts

The buy-to-let (BTL) sector was one of the biggest casualties of the credit crisis. At its lowest point (September 2009) 95% of all deals available at the peak of the market (August 2007) were withdrawn.

However, the BTL market has now started its fight back.

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Housing-Market

Wednesday, May 05, 2010

UK Slowly Improving Mortgage Products Market / Housing-Market / Mortgages

By: MoneyFacts

The average shelf life of a current mortgage deal now stands at 30 working days, the longest since August 2007, when the market was heavily subscribed with 9,549 products.

Could this be an indication that we are nearing the end of a volatile mortgage market and is there is still scope for more competition or are lenders waiting patiently to see what intentions a new Government may have?

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Interest-Rates

Tuesday, April 27, 2010

U.K. Mortgage Interest Rates at Lowest Level in a Year / Interest-Rates / Mortgages

By: MoneyFacts

Best Financial Markets Analysis ArticleWhen bank base rate dropped to 0.50% last year the mortgage market entered unchartered waters. Initial reductions in mortgage rates were soon wiped out as lenders took an increasing margin for risk.

Read full article... Read full article...

 


Housing-Market

Tuesday, March 16, 2010

Jump in UK Mortgage Products Availability / Housing-Market / Mortgages

By: MoneyFacts

Best Financial Markets Analysis ArticleWhen the financial crisis hit, the mortgage market haemorrhaged products hitting a low of 1,209 on 1 April 2009.

Since then, lenders have become accustomed to the post financial crisis world and the number of products available has steadily risen, hitting 2,053 today (a 70% increase).

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Interest-Rates

Monday, March 08, 2010

Tax Payer Bailed Out Banks Over Charging on Mortgage Interest Rates / Interest-Rates / Mortgages

By: MoneyFacts

Last week saw the one year anniversary of the Bank of England dropping its base rate to the historic low level of 0.50%.

During the last year some of the biggest lenders increased competitiveness, while others appear less willing or able to do so.

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Interest-Rates

Thursday, February 11, 2010

Not All UK Fixed Rate Mortgages Are Decreasing / Interest-Rates / Mortgages

By: MoneyFacts

Latest Moneyfacts.co.uk figures show that while fixed mortgage rates are falling, they are only doing so for those with significant equity.

The average two year fixed rate for a borrower with a 10% deposit has increased steadily since April 2009, now standing at 6.48%, the highest level since December 2008.

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Interest-Rates

Monday, January 25, 2010

UK Best and Worst Standard Variable Interest Rate Mortgages / Interest-Rates / Mortgages

By: MoneyFacts

Best Financial Markets Analysis ArticleBase rate has been at an all time low of 0.50% for the last ten months and with no incentive to move on to a new deal, increasing numbers of borrowers have moved onto their lenders’ standard variable rate (SVR).

While some borrowers benefit from the cut in base rate being passed on in full, others have not been so fortunate, with a difference of £5,670 between the cheapest and the most expensive lenders.

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Housing-Market

Wednesday, January 06, 2010

UK Mortgage SVR Interest Rate Increases Gather Pace / Housing-Market / Mortgages

By: MoneyFacts

Since April 2009 the Bank of England has kept base rate on hold at 0.50%, but since that time eight mortgage providers have increased their standard variable rate (SVR).

Read full article... Read full article...

 


Interest-Rates

Tuesday, December 08, 2009

Banks Cut UK Mortgage Interest Rates / Interest-Rates / Mortgages

By: MoneyFacts

Mortgage lenders have continued to cut fixed rates, causing the average two year fixed mortgage rate to continue to tumble.

Last week Moneyfacts.co.uk reported that the average two year fixed had fallen below 5.00% for the first time since June 2009, but since then rates have fallen further, standing at 4.86% today.

Read full article... Read full article...

 


Personal_Finance

Thursday, December 03, 2009

Mortgage Lenders Target Short Term Fixed Interest Rate Deals / Personal_Finance / Mortgages

By: MoneyFacts

Lenders have become accustomed to the post banking crisis world: indeed, the signs from the mortgage market indicate that credit conditions are easing and that lenders are more willing to lend.

Read full article... Read full article...

 


Interest-Rates

Monday, November 23, 2009

Average Two Year Fixed Mortgage Interest Rate Falls to Lowest Since June / Interest-Rates / Mortgages

By: MoneyFacts

The average two year fixed has fallen to 4.99%, the first time it has been below 5.00% since 23 June 2009.

A string of rate rises during July saw the average quickly rise, peaking at 5.21% by the end of the month.

Read full article... Read full article...

 


Housing-Market

Thursday, November 12, 2009

UK Mortgage Rip Off, Interest Rates Need to Fall Further / Housing-Market / Mortgages

By: MoneyFacts

In the last few weeks a number of lenders including Abbey, Halifax, Leeds BS, Nationwide BS, Northern Rock and Woolwich have made moves to cut mortgage rates, but rates are still a long way of the low reached earlier in the year.

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Interest-Rates

Thursday, October 22, 2009

Affordable Mortgage Interest Rates / Interest-Rates / Mortgages

By: LiveCharts

Neil Kokemuller writes: While most banks aren’t currently offering rates at the historically low levels seen earlier this year, overall, mortgage rates are still very affordable.  According to bankrate.com, the national average cost for a 30-year fixed rate loan Wednesday (October 21) is 5.23 per cent, compared to 4.99% one week ago.

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Housing-Market

Monday, October 19, 2009

FSA Sets Out Major Reforms For The U.K. Mortgage Market / Housing-Market / Mortgages

By: Submissions

Best Financial Markets Analysis ArticleThe Financial Services Authority (FSA) today sets out proposals for the major reforms required in the UK mortgage market to ensure that it works better for consumers and is sustainable for all market participants.

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Housing-Market

Tuesday, October 13, 2009

The Demise of the Self-certification Mortgage / Housing-Market / Mortgages

By: MoneyFacts

The Financial Services Authority’s mortgage market review is due out next week and expectations are that the City regulator will bring new self-certification mortgages to a final end.

Read full article... Read full article...

 


Housing-Market

Friday, October 02, 2009

UK Housing Market Mortgage Products Start to Stagnate at Higher Interest Rates / Housing-Market / Mortgages

By: MoneyFacts

The dust looks to have begun to settle on a volatile mortgage market, as the availability of a current mortgage deal lengthened from 18 to an average of 24 working days during September, the longest since October 2007.

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Housing-Market

Monday, September 21, 2009

Fewer Mortgage Options for First Time Home Buyers / Housing-Market / Mortgages

By: MoneyFacts

Risk remains the overriding factor in setting mortgage rates, with competition amongst lenders continuing to take a back seat.

Borrowers with a 10% deposit have seen just a 0.12% drop in the average mortgage rate, despite the cost of funding to lenders falling 4.35%.

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Housing-Market

Monday, September 14, 2009

UK Housing Market Boosted by Increase of Mortgage Products / Housing-Market / Mortgages

By: MoneyFacts

The number of residential mortgages available is slowly increasing, but still the market is dominated by deals for customers with more than a 25% deposit.

On 1 April 2009 the number of mortgages available hit rock bottom at just 1,209, a 90% drop from the peak of 11,951 products available in July 2007. Today there are 1,392 products available.

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Housing-Market

Tuesday, August 25, 2009

Banks Continue to Squeeze Mortgage Borrowers as Fixed Rate Mortgage Margins Increase Again / Housing-Market / Mortgages

By: MoneyFacts

Mortgage lenders are showing continuing reluctance to reduce the cost of fixed rate mortgages, despite around a 30 basis point reduction in the cost of funding on the swap rates market.

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Housing-Market

Monday, August 10, 2009

UK Housing Market Mortgage Products Crash / Housing-Market / Mortgages

By: MoneyFacts

Borrowers need to find three times more for a deposit, compared with two years ago when the credit crunch began.

The average LTV has fallen from 91% in August 2007, to 74% today. As a result the average deposit required on a £150,000 mortgage has increased from £13,500 to £39,000.

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Housing-Market

Tuesday, July 21, 2009

Mortgage Lenders Desert Long Term Fixed Rate Mortgages / Housing-Market / Mortgages

By: MoneyFacts

This week sees Manchester BS withdrawing its 30 year fixed rate mortgage, meaning that borrowers can no longer fix their mortgage repayments for more than 15 years.

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Housing-Market

Thursday, July 09, 2009

Nationwide Responds to Criticism of 125% LTV Mortgage Lending / Housing-Market / Mortgages

By: Nationwide

As a responsible lender which aims to support its borrowers Nationwide has responded to market conditions and made an option available which enables some existing customers in negative equity to move home. This is not available to new customers. The maximum LTV for existing customers taking a new deal at Nationwide remains at 95%.

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Interest-Rates

Thursday, July 09, 2009

Fixed Mortage Interest Rates Still Rising / Interest-Rates / Mortgages

By: MoneyFacts

The cost of fixed rate mortgages continues to rise, even though swap rates have continued to fall during the past month.

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Housing-Market

Monday, June 29, 2009

UK Average Fixed Rate Mortgage Interest Rate Hits 6.00% / Housing-Market / Mortgages

By: MoneyFacts

The rising cost of fixed rate mortgages continues as the average five year fixed rate mortgage today hits 6.00%, the highest level since 22 December 2008.

In the last month the average five year fixed has increased by 0.43%, while the average two year fixed has increased by 0.41% to 5.08%.

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Interest-Rates

Thursday, June 18, 2009

UK Fixed Rate Mortgages Interest Rate Increases / Interest-Rates / Mortgages

By: MoneySupermarket

Louise Cuming, head of mortgages at moneysupermarket.com, said: "There has been a flurry of activity in the mortgage market, but unfortunately mostly to the detriment of borrowers.

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Interest-Rates

Monday, June 15, 2009

Fixed Rate Mortgage Interest Rates About to Rise / Interest-Rates / Mortgages

By: MoneySupermarket

  • Rising swap rates may herald a new wave of costlier fixed rate mortgage deals
  • Two years of decreasing fixed rates have to come to an end
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Housing-Market

Friday, June 12, 2009

New Lloyds TSB First Time Buyer Mortgage / Housing-Market / Mortgages

By: MoneySupermarket

Commenting on the new Lloyds TSB First Time Buyer mortgage, Clare Francis, site editor at moneysupermarket.com: "This is a great product to help first time buyers get on the housing ladder - not only is the rate competitive, but it's really good to see some new activity in the high Loan To Value (LTV) market. It is another indication that funding pressures on lenders may, at last, be starting to ease.

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Personal_Finance

Wednesday, June 10, 2009

HSBC Mortgage Rate Matcher / Personal_Finance / Mortgages

By: MoneySupermarket

Commenting on the new HSBC Mortgage Rate Matcher, Louise Cuming, head of mortgages at moneysupermarket.com, said; "Again HSBC is leading from the front. It has been clear for some time that HSBC is looking to cement its place as a serious player in the mortgage market, and the combined effect of this and the April announcement of £1bn of funding for its 'up to 90% LTV' product range, shows real commitment to this goal.

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Interest-Rates

Tuesday, June 09, 2009

Mortgage Borrowers Suffer as Lenders Charging Extortionate Interest Rates / Interest-Rates / Mortgages

By: MoneySupermarket

Despite the Base Rate continuing to hold at 0.5 per cent, providers are increasing average mortgage rates, and the margin above the Libor rate is rising, proving that the Bank of England is increasingly toothless when it comes to regulating the cost of mortgages, with lenders increasing profit margins at the expense of their customers.

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Housing-Market

Sunday, June 07, 2009

Mortgage Lenders Fail to Pass On Base Interest Rate Cuts / Housing-Market / Mortgages

By: MoneySupermarket

Best Financial Markets Analysis ArticleWhilst the Bank of England has slashed interest rates by 4.5 percentage points since October, taking the base rate from 5.0 per cent to 0.5 per cent, mortgage lenders have failed to pass the cuts on in full to their existing customers, despite the Government urging them to do so.

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Interest-Rates

Thursday, May 28, 2009

Mortgage Market Locks Up as Interest Rates Soar / Interest-Rates / Mortgages

By: Mike_Shedlock

Best Financial Markets Analysis ArticleYesterday 10 year treasury yields went soaring and the mortgage market literally seized up. Mark Hanson at the Field Check Group has this report that I can share.

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Personal_Finance

Tuesday, May 19, 2009

Mortgage Lenders Increase Margins on Fixed Rate Mortgages / Personal_Finance / Mortgages

By: MoneyFacts

The cost of the average fixed rate mortgage has risen in the last month, with borrowers looking for longer term mortgages being hardest hit.

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Housing-Market

Wednesday, May 06, 2009

Banks Fear Housing Market Crash as Mortgage Providers Target 40% Deposit / Housing-Market / Mortgages

By: MoneyFacts

The number of new mortgages requiring a minimum of 40 per cent deposit has increased by 61 per cent in the last six months.

The number of mortgages requiring a 10 per cent deposit has decreased by two thirds in the last six months.

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Interest-Rates

Friday, April 10, 2009

How To Take Advantage of Low Mortgage Interest Rates / Interest-Rates / Mortgages

By: Mike_Shedlock

Best Financial Markets Analysis ArticlePresident Obama declares "good news" and says Timing right for millions to refinance .
Declaring "good news" in the midst of an economic meltdown, President Barack Obama on Thursday urged families to take advantage of near-record low mortgage rates by refinancing their home loans.

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Personal_Finance

Sunday, March 22, 2009

Banks Vs Building Societies for Mortgages and Savings / Personal_Finance / Mortgages

By: MoneyFacts

Best Financial Markets Analysis ArticleBanks have taken over the mantle from the building societies by offering the most competitive overall deals on both savings and mortgages.

The building societies had offered the best range of products when it came to savings, but it appears that their members have been harder hit than bank customers by the recent cuts in base rate.

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Housing-Market

Wednesday, December 31, 2008

How to get "hundreds of dollars" of Extra Cash per Month, for 30 Years / Housing-Market / Mortgages

By: Marty_Chenard

Best Financial Markets Analysis ArticleNOTE: The markets are closed tomorrow.  A very Happy New Year to all of you from Cindy and I.  Many pit traders will be out on Friday.  Schwab gave us indications that they would be on limited staff Friday and would reroute all Friday (Jan. 2nd.) orders through the Canadian exchanges.  With that said, we may either take Friday off or do an abbreviated update.

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Housing-Market

Sunday, December 28, 2008

Expensive Fixed Rate Mortgages Only Option Available for Many Borrowers / Housing-Market / Mortgages

By: MoneyFacts

Fixed rate mortgages now account for 69% of the market, compared to 51% this time last year.
Despite a 2.61 percentage point drop in the two year swap rate between 1 October and today, the average two year fixed rate mortgage has only dropped by 0.71 percentage points.

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Personal_Finance

Wednesday, April 09, 2008

HSBC Mortgage Rate Matcher Rescue Offer- Smoke and Mirrors? / Personal_Finance / Mortgages

By: Nadeem_Walayat

Britain's biggest and most profitable bank offers to rescue mortgage borrowers who's fixed rates expire this year to high variable rates, with an offer to match their maturing fixed rates down to 4.5%.

HSBC Remortgage Offer Specs

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Personal_Finance

Friday, February 22, 2008

High Risk 125% and 100% Mortgages Disappearing / Personal_Finance / Mortgages

By: MoneyFacts

By the close of play yesterday four of the six lenders that were offering 125% loan to value mortgages had announced that they were to withdraw these higher risk home loans. Alliance and Leicester, Coventry BS, Godiva Mortgages and Abbey are all set to pull these deals this week. Julia Harris analyst at moneyfacts.co.uk investigates:

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Personal_Finance

Friday, February 15, 2008

UK Long-Term Fixed Rate Mortgage Advantage Over Short-term Interest Rates / Personal_Finance / Mortgages

By: MoneyFacts

Best Financial Markets Analysis ArticleAs the year goes on, an increasing number of borrowers will be facing the dilemma of what to do once they come to the end of their fixed rate mortgage deals. Julia Harris, mortgage analyst at moneyfacts.co.uk, looks at the options available.

Trackers without penalties

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Personal_Finance

Thursday, January 31, 2008

Lenders Raise Mortgage Interest Rates in Advance of UK Interest Rate Cut! / Personal_Finance / Mortgages

By: MoneyFacts

With speculation rife that the Monetary Policy Committee will cut base rate again next week, mortgage lenders have been preparing for the potential increased demand by increasing margins offered on tracker rate mortgages. Denise Harvey, mortgage analyst at Moneyfacts.co.uk investigates.

“In the last two weeks alone, analysis from Moneyfacts.co.uk has revealed that 10 lenders have increased the margins on tracker mortgages by as much as 0.45%.

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Personal_Finance

Monday, October 22, 2007

Variable and Fixed Rate Mortages at the Same Price – That Can’t Be Right! / Personal_Finance / Mortgages

By: MoneyFacts

Julia Harris, Mortgage Expert at Moneyfacts.co.uk - the leading independent financial comparison site, comments:“The sub prime sector continues to see most of the action in the mortgage market, with still rising rates and tightening credit criteria. By comparison the prime mortgage market, albeit slowly, is reacting to the stable base rate and falling swap rates, bringing the market into an unusual equilibrium whereby fixed and variable deals are priced similarly.

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Housing-Market

Sunday, September 02, 2007

UK Interest Rate Rises on Subprime Mortgages and Credit / Housing-Market / Mortgages

By: MoneyFacts

BMW credit card from Amex increases rate by 7%
Samantha Owens, Head of Personal Finance at Moneyfacts.co.uk- the money search engine comments: “The standard purchase rate of 9.9% APR made the BMW credit card from American Express a very attractive proposition, but with effect from 28 August, the rate has been hiked by seven per cent to 16.9% APR.

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Personal_Finance

Thursday, August 02, 2007

Good News For Borrowers As Exit Mortgage Exit Fees Fall, But At the Cost of Rising Mortgage Arrangement Fees / Personal_Finance / Mortgages

By: MoneyFacts

Julia Harris, Mortgage Expert at Moneyfacts.co.uk – the money search engine, comments:“The month following the latest base rate rise to 5.75% has seen a raft of rate rises. Not only have variable rate mortgages increased, with swap rates also on an upward trend, fixed rate deals have been hit hard with rising rates too.

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Personal_Finance

Friday, July 13, 2007

Nationwide Launches New UK 25 Year Fixed Rate Mortgage / Personal_Finance / Mortgages

By: Nationwide

Guaranteed stability of payments for 25 years, with full flexibility after 10 years

Nationwide Building Society today announced the reintroduction of its innovative 25 year fixed rate mortgage at a rate of 6.39%. The new 25 year fixed rate will be available from Tuesday 17 July.

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Personal_Finance

Thursday, July 12, 2007

Moneyfacts.co.uk Comments on the Long Term Fixed Rate Mortgage Market / Personal_Finance / Mortgages

By: MoneyFacts

Lisa Taylor, Analyst at Moneyfacts.co.uk – the money search engine comments:“This week Alistair Darling, the new chancellor of the exchequer announced that Labour would shortly be issuing proposals to increase the supply of long term fixed rate loans, in a bid to tackle the affordability crisis and concerns that the short term market thrives on collecting regular arrangement fee income.

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Personal_Finance

Friday, June 22, 2007

Home Buying Valuations - The Forgotten Mortgage Fee / Personal_Finance / Mortgages

By: MoneyFacts

Julia Harris, mortgage analyst at Moneyfatcs.co.uk – the money search engine comments:“As we move away from a totally rate driven mortgage market, much focus has been placed on total cost, inclusive of rising arrangement and exit fees. We also talk of higher lending charges, procuration fees and redemption charges, and even go so far about complaining about the money transfer fee. But one fee, which perhaps we view as a service charge, has slipped through the net – the valuation fee.

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Housing-Market

Sunday, June 17, 2007

Mortgage Fixed Rates Disappearing Again… / Housing-Market / Mortgages

By: MoneyFacts

Lisa Taylor, of Moneyfacts.co.uk – the money search engine, comments:“With base rate remaining on hold, at least for the next month, we may have expected the mortgage market to have settled. However this is far from the case, especially for fixed rate deals that have been either disappearing off the shelves or increasing rapidly.

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Personal_Finance

Monday, June 04, 2007

The Hidden Higher Mortgage Lending Charge / Personal_Finance / Mortgages

By: MoneyFacts

Julia Harris, mortgage analyst at Moneyfacts.co.uk – the money search engine, comments:“As more people are struggling to afford the substantial deposits required to take that first step on property ladder, it is commonplace for the mortgage advance to represent at least 90% of the property value for many first time buyers.

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Personal_Finance

Friday, April 20, 2007

Nationwide Building Society today announces changes to its range of Fixed and Tracker rate Mortgages / Personal_Finance / Mortgages

By: Nationwide

Nationwide will be decreasing the rate on its two year tracker product for remortgagers and switchers. At the same time, Nationwide will be increasing some of the rates on its fixed and tracker rate mortgages. The new rates are available from Tuesday 24 April 2007.

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Personal_Finance

Monday, March 26, 2007

Moneyfacts comments on the Nationwide Building Society 25 year fixed rate mortgage / Personal_Finance / Mortgages

By: MoneyFacts

Julia Harris, mortgage analyst at moneyfacts.co.uk – the money search engine, comments: “The new Nationwide 25-year fixed rate mortgage is competitive when compared with other long-term fixed rates, particularly for those with a 10% deposit. It comes with a fee of £599 (and a £200 discount for existing members), which is not out of line, especially when you take into account some of the four figure or percentage based fees that we are now seeing for short term deals.

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Personal_Finance

Monday, March 26, 2007

UK Mortgage fixed Interest rates start to fall / Personal_Finance / Mortgages

By: MoneyFacts

Denise Blake, mortgage analyst at Moneyfacts.co.uk – the money search engine, comments: “Following the shock base rate rise in January, fixed rate mortgages flew off the shelves as consumers rushed to get their hands on existing fixed rate deals before they were pulled. But with base rate remaining unchanged now for the last two months, some level of stability has returned.

“With swap rates starting to fall back, Moneyfacts.co.uk has seen eight lenders reduce their fixed rate mortgages over the last 10 days, some by as much as 0.40%.

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Personal_Finance

Friday, March 23, 2007

Tread carefully with low rate high fee mortgage loan combinations / Personal_Finance / Mortgages

By: MoneyFacts

Julia Harris, mortgage analyst at moneyfacts.co.uk – the money search engine comments: “During the last month we have witnessed the continuing trend for lenders to launch low rate high fee mortgages. But as fees rocket skywards, is there still a place in the market for low rate high fee products? And who benefits from these deals?

“The trend just highlights how some lenders and consumers are still keen to focus on interest rate, not the whole package. It is worrying that consumers may be duped into these deals, thinking they are getting the best possible rate, without realising the financial impact of such a large fee.

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