Product News: Barclays Too Big to Miss
Remortgaging is the process of searching for a better mortgage deal, either with your current lender or a new provider.
COOKIE POLICY | PRIVACY POLICY | DISCLAIMER
Remortgaging is the process of searching for a better mortgage deal, either with your current lender or a new provider.
As Market Starts to Turn Despite the fact that the mortgage market remains highly competitive between lenders, the cracks in the ultra-low rates are starting to show. Lenders are leading the way in either scrapping low-rate products, or increasing the interest rate.
For 3 & 5 year Fixed Rate Products There is a still a high demand for investors seeking buy-to-let properties, undeterred by the additional stamp duty. Tipton & Coseley Building Society have reduced their rates on three and five-year Fixed-Rate Products to cater.
Same benefits. Lower fee. No interest. Santander’s popular 123 Current Account has a new “Lite” version. One key benefit of the 123 accounts is cash-back benefits on household bills, including water, council tax, mobile, broadband and their own mortgage and insurance products. How do they compare?
To landlords who were overcharged A major mortgage lender is to refund over £27 million to landlords that were overcharged on their buy-to-let mortgage, due to an incorrect rate increase. It is estimated that 6,500 landlords are now due a refund, an average £400 each, for the error. Are you due a refund?
As they increase their age cap to 85 Demographics are changing in respect to how long people live and work, and subsequently mortgage lenders are listening. Nationwide is the latest leading mortgage lender who has announced a rise in their age cap to support the needs of older borrowers, who typically are asset rich but […]
For mortgage lending Mortgage brokers have recently criticised banks for their attitude towards lending to older borrowers. Figures showed than half of all building societies had maximum age limits over 80, yet banks are lagging behind and restricting options for retirees. Halifax has this week announced they have increased their maximum age to cater for […]
For first time buyers It’s been a while since there have been any banks or lenders offering zero deposit options on their mortgages. However, a major high street bank have now launched a new product meaning first time buyers can effectively place no deposit. Sound interesting? Give us a call, we can help.
For certain borrowers Interest-only mortgages have been under the hammer lately with most lenders steering well clear of them. However, with a gap in the market a particular high street Building Society is loosening their criteria guidelines to accept the sale of a property as a valid means of repayment, available to certain borrowers who […]
New product to close market gap Interest-only mortgages, a once popular product, have virtually become extinct due to tighter lending rules. Similarly, due to new affordability tests, pensioners can also struggle to get a competitive mortgage these days. However, there is a new product launching combining both these market gaps – an interest-only mortgage for […]