Archive for the ‘Mortgage News’ Category

Bank Base Rate Held At 0.5%

October 8, 2009subedar1 No Comments »

  The Bank of England held rates at 0.5% and to continue with its £175bn quantitative easing programme. Optimistically, Roger Bootle of Capital Economics predicted that rates would stay at this level for 5 years. The house buyers preferred choice at the moment is for tracker mortgages anticipating that rates will stay low for some […]

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Purchases 9 Remortgages 1

October 7, 2009subedar1 No Comments »

  House purchase loans outnumbered remortgage loans by 9 to 1 reported Spicerhaart Financial Services. The upward trend of house purchase loans is an extremely encouraging sign that the property market is beginning to pick up.

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Broker Exclusive Deals From Abbey

September 25, 2009subedar1 No Comments »

  Abbey has launched a mortgage range offering free valuation and free legal costs exclusively through mortgage brokers. The Home Buyer Plus range has a two-year tracker at 3.29% & 75% LTV, two-year fixed at 3.99% & 70% LTV and three-year fixed at 5.99% & 85% LTV.

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1.98% one year Tracker by Woolwich

September 16, 2009subedar1 No Comments »

  Woolwich has announced a one-year tracker mortgage at 1.98% up to 60% LTV, available from brokers or direct. After one year it tracks Barclays Base Rate +2.49%. There are also two- and three-year fixed rate mortgages available for both new and existing Woolwich customers. Announcements like these from the Woolwich and other lenders do […]

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£38bn New Lending Pledge

September 16, 2009subedar1 No Comments »

  Interesting data released by the Financial Services Authority (FSA) shows that lenders have pledged £38bn in new mortgage lending. This is £10bn more than was pledged this time last year. Lending for house purchase now accounts for more new lending than remortgages for the first time since late 2007, the FSA says. In Quarter […]

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