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 & [...]

  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 [...]