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 [...]

  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 [...]

  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 moneysupermarket.com. This news comes hot [...]

  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 [...]