Northern Rock, the Bank that signalled the rapid slide in the economy, has launched a new mortgage range available exclusively through mortgage intermediaries. The range features a 2 year fixed rate at 5.69% for purchases and 5.7% for remortgages both upto 80% LTV. There is also a 5 year fixed rate of 6.39% for purchases [...]

  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 [...]