Category Archives: Mortgages
2012 mortgage lending hits £195 million at Saffron Building Society
Saffron Building Society has announced that gross mortgage lending reached a record £195 million in 2012, an increase of 22% from the Society’s 2011 figure of £160 million (£146 million in 2010). Saffron Building Society CEO Jon Hall said: …
Buy-to-let lending £16.4 billion in 2012
Buy-to-let lending accounted for 11.5% of total gross mortgage lending in 2012, up from 9.8% in 2011, according to full-year data released today by the Council of Mortgage Lenders. At £16.4 billion, gross buy-to-let lending was 19% higher than the £13.8 …
Gross mortgage lending declines in January
The Council of Mortgage Lenders estimates that total gross mortgage lending declined to £10.4 billion in January. This is 9% lower than December’s gross lending figure of £11.4 billion and a 3% fall from £10.7 billion in January 2012. …
Aldermore launches Let-to-Buy remortgage
British challenger bank, Aldermore has launched into the let-to-buy mortgage market by allowing homeowners to remortgage their existing residential property on a buy-to-let basis. Charles Haresnape, Managing Director of Aldermore Residential Mortgages, said: “Letting out an existing property rather …
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Tagged Aldermore Bank, buy to let, Charles Haresnape, remortgages
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Precise Mortgages launches exclusive Buy to Let products
Tomorrow, Precise Mortgages the intermediary only lender will launch four exclusive Buy to Let products with rates starting from just 4.44% for selected postcodes in the South of the country. Highlights include: 2 year Trackers at 75% LTV …
CML outlines market forecasts for 2013-14
The Council of Mortgage Lenders today estimates that gross lending in November was around £12.9 billion, and publishes its market forecasts for 2013-14, alongside a self-evaluation of the mortgage market based on interviews with the UK’s mortgage lenders. Overall, there are …
Buy To Let app for iPhones proves popular with landlords
Buy To Let, the free app which lists all the latest buy to let mortgage rates for iPhone using landlords and brokers has been downloaded nearly 1,500 times since launching in September. The app was developed by Mortgages for …
First-time buyer activity receives October boost
The number of loans advanced to first-time buyers in October returned to levels similar to those seen over the summer following a slow September, according to new data released today by the Council of Mortgage Lenders. Lending to home …
Landlords have high hopes for BTL market in 2013
The majority of property investors remain positive about the outlook for the private rental sector in 2013, according to the latest Landlord Survey conducted by specialist lender, CHL Mortgages. Nearly 71% of landlords are upbeat about the sector’s prospects …
Limited period rate reduction on residential and buy-to-let mortgages
British challenger bank Aldermore is cutting its mortgage rates on the following products for a limited period: Residential term variable rate – now 3.98% to 80% LTV, down from 4.28% Buy-to-let 2 year fixed rate – now 4.98% to …