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 & [...]

  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 [...]