Archive for the 'loan-to-value' Category
New research from Yorkshire Building Society shows that the number of mortgage borrowers now on their lenders’ standard variable rates (SVRs) is over 2.3 million, representing 28% of the total mortgage market.
Typically these households have come off fixed-term deals and for one reason or another have chosen to revert to their lenders’ SVRs, rather [...]
July 12th, 2010 | Posted in All Financial News, Mortgage News, SVRs, Yorkshire Building Society, average, best buy, loan-to-value, mortgage payments, remortgage, research, revert, standard variable rates | No Comments
The Post Office has launched new mortgage deals with first-time buyers in mind.
The lender is not only happy with a minimum deposit of 10% but is also allowing borrowers to choose between an interest only and capital plus interest repayment option.
For a two-year fix the rate is 5.45%, for a five-year 5.99%, and both loans [...]
May 12th, 2010 | Posted in 10%, All Financial News, Bank of Ireland, Mortgage News, Post Office, deposit, first-time buyers, interest only, loan-to-value, mortgage deals, new | No Comments
The number of loans advanced for house purchases increased by 12% in February, showing a modest recovery on January when the figures were weak due to the end of the stamp-duty holiday and the severe winter weather.
According to the Council of Mortgage Lenders (CML) 35,000 house purchase loans were advanced worth £5 billion, up 49% [...]
April 13th, 2010 | Posted in All Financial News, CML, Council of Mortgage Lenders, February, Mortgage News, first-time buyers, fixed-rate, home movers, house purchase, income multiple, loan-to-value, remortgage, tracker | No Comments
New research from Moneyfacts.co.uk claims there has been a 70% rise in the number of mortgage products available in just under a year.
According to the financial website, borrowers now have 2,053 deals to choose from, compared with 1,209 in April 2009, when the figure bottomed out.
Furthermore, a significant boost has occurred since the beginning of [...]
March 16th, 2010 | Posted in All Financial News, Moneyfacts.co.uk, Mortgage News, available, credit criteria, high LTV, lenders, loan-to-value, mortgage products, research, rise | No Comments
Nationwide has lowered the deposit required for some of its most competitive remortaging deals, from 40% to 30%.
From today, all the lender’s existing 60% loan-to-value (LTV) fixed and tracker remortgage loans are available at up to 70%.
Since the onset of the credit crisis, remortgaging activity has been in a steady decline as lower interest rates [...]
February 9th, 2010 | Posted in All Financial News, LTV, Mortgage News, Nationwide, loan-to-value, remortgage | No Comments
First-time buyers are finding it easier to get a foot on the property ladder, according to independent mortgage adviser, Mortgageforce.co.uk.
Better deals for high loan to value (LTV) borrowers meant that in November, 14% of all transactions arranged by the online broker were for those buying their first home, compared to the usual 10%. The majority [...]
December 4th, 2009 | Posted in All Financial News, LTV, Mortgage News, Mortgageforce.co.uk, November, deposit, first-time buyers, high, loan-to-value | No Comments