Natwest Stop First Time Interest Only Mortgages

Natwest have decided to pull their interest only mortgages offered by their intermediary arm. The bank recently made the decision to stop offering interest only mortgages to first time buyers following a review. Read more

West Brom Mortgages Re-Brand and Change Name

The West Bromwich building society is all set for a new image. The building society is shortening its name to ‘the West Brom’ and introducing a “bold new brand identity” by radically revamping its image. Together with the name change the West Brom will have a modern new logo and colour change to purple and green. Read more

Hope for First Time Buyers as Mortgage Review is Delayed

Many first time buyers may feel relived that they have been thrown a life line by the city regulator. The Financial Services Authority (FSA) were set to shake up the mortgage industry by imposing strict lending criteria on banks and building societies which would have resulted in it being impossible for many to get a mortgage. Read more

More Great Mortgage Deals as Lenders Fight For Customers

Stiff competition on the high street has resulted in some fantastic offers, especially for those looking to remortgage. Experts are already signaling that borrowers should be taking advantage of the situation and are advising people to take a look at their current mortgage deal to see if they can save money by switching to a new deal. Read more

Halifax Raises Standard Variable Rate

 

The UK’s biggest mortgage lender has announced changes to its mortgage range that will result in large price hikes for first time buyers. The Halifax announced that from January 2011 it will raise its mortgage rates for new borrowers which will probably effect struggling first time buyers the most. Read more

Battle of the Banks – Mortgage Price War

UK Banking giants HSBC and Barclays are going head to head to take the lions share of the UK mortgage market. Both banks weathered the financial crisis well unlike many of their rivals which has given them a good footing and the resources to take on more mortgage customers. Read more

Former HSBC Speaks Out on The Plight of First Time Buyers

Dyfrig John the former chief executive of HSBC bank has spoke out in regards to the sympathy he feels for first time buyers wanting to enter the market in the current climate.

Dyfrig worked for HSBC for almost 40 years before moving back to his native Wales to become chairman of the Principality building society has raised concerns over the plight of first time buyers who are struggling to get onto the housing ladder because of the high deposits banks and building societies are requesting. Read more

Mortgage Lending at 19th Low in October

There is more troubled news from the struggling housing market and mortgage industry as a new report published by the British Bankers’ Association (BBA) highlighted a particularly subdued market. Read more

Private Landlords Benefit from Mortgage Woes

With rents on the rise, buy to let landlords are leaper the benefits of the lack of first time buyer mortgages. Some private landlords are seeing their properties raise up to 6% yields do to the lack of mortgages in the system. Read more

Co-op Launches a Good Deal for First Time Buyers

The Co-op Bank is again living up to its tag line “good with money” with its fixed rate offerings that have won them the prestigious moneywise best lender for fixed rate mortgage award.  With their fixed rate mortgage you know exactly what your monthly repayments will be so budgeting shouldn’t be a problem. Read more

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