Latest News
HSBC Offers 90% LTV Mortgage at Under 4%
HSBC makes it easier for UK first-time buyers to get a mortgage as it introduces an all new 90% LTV loan at 3.84%.Recently, on November 24th one of the leading UK lenders - HSBC bank - slashed down the interest rate on its 90% loan-to-value (LTV) mortgage to attract new customers.Now, UK forst-time buyers with 10% deposit can get a 2-year fixed... Read more
First-time Buyers Should Make Savings to Move
HSBC recommends UK first-time buyers to overpay mortgages or make deposits in case they want to step up the property ladder.According to the latest research by HSBC, many first-time buyers in the UK will be unable to climb the property ladder unless they save as they repay their first mortgage.HSBC experts have calculated that the value of... Read more
UK Lenders Are Back with 90% LTV Mortgages
The Nationwide building society is back with 10% mortgages for first-time buyers, suggests the company's website. Previously, loans with such a high loan-to-value ratio were only available to Nationwide's Flex account holders and existing customers.Now, however, a 90% LTV mortgage is offered for everyone at 5.39% (3-year fix) and at 5.69% (5-year... Read more
Less Brits Search for Mortgages Online
In summer 2011, the demand for mortgages decreased as less Brits searched the web for home loans. A research recently performed by Greenlight, independent social and marketing agency, revealed that the number of searches for mortgage fell by 14%. As such, in July 2011 818,088 people searched for mortgages on the web, which is down from 951,923 in... Read more
First-time Buyers Better Move to the North of England
A report by Halifax suggests that UK first-time buyers living in the North have more chances to get on the property ladder than those in the South.A recent report by Halifax, one the leading lenders in UK, suggests that first-time buyers in the North of England get on the property ladder earlier than those in the South.The average age of... Read more
UK Lenders Are Back with 100% LTV Mortgage Deals
UK banks and building societies are back with 100% loan-to-value mortgage deals for first-time buyers.UK first-time buyers will certainly be happy to know that 100% loan-to-value (LTV) mortgages are back on the British market.Aldermore, a private bank that entered the UK market 2 years ago, recently launched a Family Guarantee mortgage. It is a... Read more
Chelsea Building Society Introduces 10-Year Fixed Mortgage
UK lenders understand the need for long-term mortgages and start to offer such products to borrowers. One of the first lenders to introduce a 10-year mortgage is Chelsea Building Society.Recently, the Chelsea Building Society announced the launched of an all-new 10-year fixed mortgage deal.It comes with an interest rate of just 3.99% for borrowers... Read more
HSBC Offers Cheap First-time Buyer Mortgages
British first-time buyers now have more chances to get on the property as HSBC has launched new mortgages and slashed interest rates on high LTV loans.One the leading UK banks, HSBC, recently announced it plans to allocate 350 million pounds for first-time buyer mortgages. Bank representatives also said that high loan-to-value mortgage will be... Read more
First-time Buyer Mortgages Might Become More Affordable
It was announced recently that UK banks and property developers and holding negotiations. Evidently, they are discussing the availability of mortgage finance and 95% loan-to-value mortgages for first-time buyers in particular.In the opinion of property developers, improved mortgage availability will boost demand from buyers and especially... Read more
95% LTV Mortgage Available to First-time Buyers with Nationwide
Starting Friday, May 6th, those willing to get on the property ladder, will be able to open a special savings account with Nationwide and get a mortgage with just 5% deposit.The new product, Save to Buy, is a special for UK first-time buyers. They will be paid interest of 2.5% gross on balances of £20,000 or less. After saving £50 or... Read more