Hot on the heels of the announcements from Northern Rock comes the news that Woolwich has cut its rates on fixed-rate mortgages. The rates have been cut by up to 0.5% & is the fourth rate reduction in 2 months. The two year & three year fixed rate deals are available for 70% LTV & [...]

The present stamp duty holiday for properties valued between £125,000 & £175,000 officially ends December 31st. The scheme, which has been extended once already, saved buyers paying the 1% Stamp Duty for properties valued between those two amounts. It remains to be seen whether the approaching end of the scheme will have any material impact [...]

  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 [...]

  The Council of Mortgage Lenders (CML) said that gross mortgage lending rose 26% in July to £16bn. if (ad16 != “”) { document.writeln(‘ ‘ + AAMB16 + ‘ ‘); } The lending figure has jumped from £12.7bn in June but represents a 36% decline from the £24.9bn recorded in July last year. The CML [...]