Manchester Building Society is looking to shake up the mortgage market by launching what it claims is the UK’s first 25-year fixed-rate mortgage for buy to let investors. The lender has launched two buy to let long-term fixed rate …
Manchester Building Society launches 25-year buy to let mortgage
Posted in Mortgages
Tagged buy to let, Chris Mitton, David Cowie, Manchester Building Society, MBS
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New specialist mortgage finance directory goes live
The first ever financial directory of its kind has been launched online in the UK to help specialist mortgage finance introducers find the best deal for their clients. Online directory www.mortgageloandirectory.co.uk is aimed at IFAs, mortgage brokers and lenders that are …
First-time buyer activity helped drive lending in June
First-time buyer activity helped sustain lending for house purchase in June, according to data published today by the Council of Mortgage Lenders. The figures show that lending to first-time buyers during the month was at its highest since July 2010 …
Posted in Mortgages
Tagged CML, First-time Buyer, Maeve Ward, Mortgages, Paul Smee, Shawbrook Bank
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Coventry Building Society announces record results
Coventry Building Society has today announced record profits during the six months ended 30 June 2012. The Society’s share of the mortgage market was also a record with net mortgage lending equivalent to 45% of the UK market. Strong business performance …
Tackling record deficit is helping to head off risk of repossession
Government action to tackle the nation’s record deficit is giving hard working homeowners vital breathing space to get on top of bills and head off the threat of repossession, Housing Minister Grant Shapps has said. Mr Shapps said that …
CML reports fall in mortgage possessions and flat arrears in second quarter
The number of mortgage possessions in the second quarter of 2012 declined, according to data released today by the Council of Mortgage Lenders. At 8,500, the number of possessions in the three months to June was the lowest since …
Buy-to-let lending increased in the second quarter
Buy-to-let lending increased by 5% in the second quarter of 2012, according to data published today by the Council of Mortgage Lenders. In the three months to June, lenders advanced 33,200 loans, worth £3.9 billion (up from 32,300 mortgages, worth …
Posted in Mortgages
Tagged Aldermore Residential Mortgages, buy to let, Charles Haresnape, CML, Paul Smee
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UK property market remains under pressure
The Real Estate Investment Forecast for 2012 Q2 from Colliers International shows that the outlook for the UK economy for the remainder of 2012 is mixed due to external pressures from foreign shores. The Olympics though, have the potential …
Younger people need access to mortgages requiring realistic deposits
Noel Meredith, Head of Development Finance at United Trust Bank comments on the slump in mortgage lending and the latest Halifax and Nationwide house price indices. Noel Meredith of United Trust Bank said: “The slump in mortgage lending for …
Posted in Mortgages
Tagged House price index, Mortgages, Noel Meredith, United Trust Bank
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