Posts Tagged ‘fixed-rate’
Accord launches 10-year fix at 5.24%
Accord Mortgages has launched a new ten-year fixed rate deal with loan-to-value ratios of between 75% and 85%, and a starting rate of 5.24%.
The Yorkshire Building Society subsidiary has also made a number of rate reductions across its range, cutting five-year fixed rates by up to 0.5%, and two and three-year fixes by 0.35% and [...]
Co-operative 3.99% mortgage blows away competition
The Co-operative Bank and Britannia today launched a new five-year mortgage at a fixed-rate of 3.99%.
The mortgage is available to homeowners with a deposit of at least 25%.
Borrowers taking out the mortgage are required to pay a £999 fee.
The two providers, which merged last year, also announced a two-year fixed rate mortgage at 2.95%, also [...]
Nationwide’s football bond is “gimmicky”
Savings experts have warned that a new Football Bond from Nationwide is a World Cup “gimmick”.
Customers who take out the bond will he paid a bonus if England wins the World Cup trophy this summer.
The four-year fixed rate bond pays 4.15% (AER) gross per year.
If England win the World Cup, the interest rate will increase [...]
Broker reports spring flurry of mortgage applications
Applications for home loans have bounced back to February 2008 levels, according to Countrywide.
The mortgage broker has reported a 20% increase in applications during March (compared to February) marking the third consecutive monthly rise.
Looking back over the first quarter of 2010, volumes were up 9% year-on-year indicating that property buyers have a renewed sense of [...]
New mortgage lending stages modest recovery
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% [...]