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Featured Articles: GEMS of the Week
Category: Mortgages
The news items published under this category are as follows.
Wednesday, April 09, 2008
HSBC Mortgage Rate Matcher Rescue Offer- Smoke and Mirrors? / Personal_Finance / Mortgages
By: Nadeem_Walayat
Britain's biggest and most profitable bank offers to rescue mortgage borrowers who's fixed rates expire this year to high variable rates, with an offer to match their maturing fixed rates down to 4.5%.
HSBC Remortgage Offer Specs
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Friday, February 22, 2008
High Risk 125% and 100% Mortgages Disappearing / Personal_Finance / Mortgages
By: MoneyFacts
By the close of play yesterday four of the six lenders that were offering 125% loan to value mortgages had announced that they were to withdraw these higher risk home loans. Alliance and Leicester, Coventry BS, Godiva Mortgages and Abbey are all set to pull these deals this week. Julia Harris analyst at moneyfacts.co.uk investigates:Read full article... Read full article...
Friday, February 15, 2008
UK Long-Term Fixed Rate Mortgage Advantage Over Short-term Interest Rates / Personal_Finance / Mortgages
By: MoneyFacts
As the year goes on, an increasing number of borrowers will be facing the dilemma of what to do once they come to the end of their fixed rate mortgage deals. Julia Harris, mortgage analyst at moneyfacts.co.uk, looks at the options available.
Trackers without penalties
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Thursday, January 31, 2008
Lenders Raise Mortgage Interest Rates in Advance of UK Interest Rate Cut! / Personal_Finance / Mortgages
By: MoneyFacts
With speculation rife that the Monetary Policy Committee will cut base rate again next week, mortgage lenders have been preparing for the potential increased demand by increasing margins offered on tracker rate mortgages. Denise Harvey, mortgage analyst at Moneyfacts.co.uk investigates.
“In the last two weeks alone, analysis from Moneyfacts.co.uk has revealed that 10 lenders have increased the margins on tracker mortgages by as much as 0.45%.
Read full article... Read full article...
Monday, October 22, 2007
Variable and Fixed Rate Mortages at the Same Price – That Can’t Be Right! / Personal_Finance / Mortgages
By: MoneyFacts
Julia Harris, Mortgage Expert at Moneyfacts.co.uk - the leading independent financial comparison site, comments:“The sub prime sector continues to see most of the action in the mortgage market, with still rising rates and tightening credit criteria. By comparison the prime mortgage market, albeit slowly, is reacting to the stable base rate and falling swap rates, bringing the market into an unusual equilibrium whereby fixed and variable deals are priced similarly.Read full article... Read full article...
Sunday, September 02, 2007
UK Interest Rate Rises on Subprime Mortgages and Credit / Housing-Market / Mortgages
By: MoneyFacts
BMW credit card from Amex increases rate by 7%
Samantha Owens, Head of Personal Finance at Moneyfacts.co.uk- the money search engine comments: “The standard purchase rate of 9.9% APR made the BMW credit card from American Express a very attractive proposition, but with effect from 28 August, the rate has been hiked by seven per cent to 16.9% APR.
Thursday, August 02, 2007
Good News For Borrowers As Exit Mortgage Exit Fees Fall, But At the Cost of Rising Mortgage Arrangement Fees / Personal_Finance / Mortgages
By: MoneyFacts
Julia Harris, Mortgage Expert at Moneyfacts.co.uk – the money search engine, comments:“The month following the latest base rate rise to 5.75% has seen a raft of rate rises. Not only have variable rate mortgages increased, with swap rates also on an upward trend, fixed rate deals have been hit hard with rising rates too.
Read full article... Read full article...
Friday, July 13, 2007
Nationwide Launches New UK 25 Year Fixed Rate Mortgage / Personal_Finance / Mortgages
By: Nationwide
Guaranteed stability of payments for 25 years, with full flexibility after 10 years
Nationwide Building Society today announced the reintroduction of its innovative 25 year fixed rate mortgage at a rate of 6.39%. The new 25 year fixed rate will be available from Tuesday 17 July.
Read full article... Read full article...
Thursday, July 12, 2007
Moneyfacts.co.uk Comments on the Long Term Fixed Rate Mortgage Market / Personal_Finance / Mortgages
By: MoneyFacts
Lisa Taylor, Analyst at Moneyfacts.co.uk – the money search engine comments:“This week Alistair Darling, the new chancellor of the exchequer announced that Labour would shortly be issuing proposals to increase the supply of long term fixed rate loans, in a bid to tackle the affordability crisis and concerns that the short term market thrives on collecting regular arrangement fee income.Read full article... Read full article...
Friday, June 22, 2007
Home Buying Valuations - The Forgotten Mortgage Fee / Personal_Finance / Mortgages
By: MoneyFacts
Julia Harris, mortgage analyst at Moneyfatcs.co.uk – the money search engine comments:“As we move away from a totally rate driven mortgage market, much focus has been placed on total cost, inclusive of rising arrangement and exit fees. We also talk of higher lending charges, procuration fees and redemption charges, and even go so far about complaining about the money transfer fee. But one fee, which perhaps we view as a service charge, has slipped through the net – the valuation fee.Read full article... Read full article...
Sunday, June 17, 2007
Mortgage Fixed Rates Disappearing Again… / Housing-Market / Mortgages
By: MoneyFacts
Lisa Taylor, of Moneyfacts.co.uk – the money search engine, comments:“With base rate remaining on hold, at least for the next month, we may have expected the mortgage market to have settled. However this is far from the case, especially for fixed rate deals that have been either disappearing off the shelves or increasing rapidly.Read full article... Read full article...
Monday, June 04, 2007
The Hidden Higher Mortgage Lending Charge / Personal_Finance / Mortgages
By: MoneyFacts
Julia Harris, mortgage analyst at Moneyfacts.co.uk – the money search engine, comments:“As more people are struggling to afford the substantial deposits required to take that first step on property ladder, it is commonplace for the mortgage advance to represent at least 90% of the property value for many first time buyers.Read full article... Read full article...
Friday, April 20, 2007
Nationwide Building Society today announces changes to its range of Fixed and Tracker rate Mortgages / Personal_Finance / Mortgages
By: Nationwide
Nationwide will be decreasing the rate on its two year tracker product for remortgagers and switchers. At the same time, Nationwide will be increasing some of the rates on its fixed and tracker rate mortgages. The new rates are available from Tuesday 24 April 2007.
Read full article... Read full article...
Monday, March 26, 2007
Moneyfacts comments on the Nationwide Building Society 25 year fixed rate mortgage / Personal_Finance / Mortgages
By: MoneyFacts
Julia Harris, mortgage analyst at moneyfacts.co.uk – the money search engine, comments: “The new Nationwide 25-year fixed rate mortgage is competitive when compared with other long-term fixed rates, particularly for those with a 10% deposit. It comes with a fee of £599 (and a £200 discount for existing members), which is not out of line, especially when you take into account some of the four figure or percentage based fees that we are now seeing for short term deals.Read full article... Read full article...
Monday, March 26, 2007
UK Mortgage fixed Interest rates start to fall / Personal_Finance / Mortgages
By: MoneyFacts
Denise Blake, mortgage analyst at Moneyfacts.co.uk – the money search engine, comments: “Following the shock base rate rise in January, fixed rate mortgages flew off the shelves as consumers rushed to get their hands on existing fixed rate deals before they were pulled. But with base rate remaining unchanged now for the last two months, some level of stability has returned.
“With swap rates starting to fall back, Moneyfacts.co.uk has seen eight lenders reduce their fixed rate mortgages over the last 10 days, some by as much as 0.40%.
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