The Bank of England has held the bank base rate at 0.5% for the sixth month in a row.

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Signs are emerging that Lenders are starting to offer more mortgage products.

HSBC has joined other lenders offering new products and launched a 1.99% mortgage on a two-year discount rate – available to customers with a deposit of 40%.
Other mortgages within its new range include a two-year discount mortgage for customers with at least a 25% [...]

 
New research claims that mortgage arrangement fees charged by banks and building societies have fallen by around 25% during the past year.
The average fee charged to borrowers taking out a two-year fixed rate mortgage has dropped from £1,243 in 2008 to under £1000 now, according to financial website [...]

 
A new range of shared equity and shared ownership products to be distributed solely through brokers has been launched by Halifax as part of the lender’s bid to boost access to the housing market especially for first time buyers.
Low up-front fees and cash-back for conveyancing costs are some of the features in the new range [...]

 
If you’re one of the borrowers who took out an interest-only mortgage expecting that the increase in property prices would help you to pay off your loan then the recent drop in house prices may have scuppered your plans.
At the peak of the market buyers turned to interest-only loans as a way of meeting [...]