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E1 BTL FINANCE News |
Coventry Building Society, the third largest British building societies, has recently announced launch of a new mortgage offer, which has caused controversial reaction among mortgage brokers. From now on, existing customers of Coventry Building Society who have a perfect credit history,... (Continue reading)
The latest announcement by Lloyds Banking Group is good news for borrowers waiting for a further decrease in mortgage interest rates. Lender’s mortgage arm, Cheltenham & Gloucester, reported a 0.5% cut in mortgage interest rates on 2-year fixed and tracker mortgage... (Continue reading)
Mr. Matthew Wyles, chairman of the Council of Mortgage Lenders – the UK regulator in the sector of residential, buy to let, and other types mortgages – accused lenders of acting like “drug dealers at the school gates”, as they... (Continue reading)
It appeared recently that the mortgage rescue scheme, aimed at helping struggling UK borrowers avoid repossession of their homes, only helped 92 families across the country since its launch 11 months ago. The UK Government faced severe criticism for failing... (Continue reading)
Mr. Graham Beale, chief executive of the Building Society Association (BSA), in his speech at the annual meeting of the BSA, expressed his concern with the possible rise in the cost of mortgages for UK borrowers, which might well be... (Continue reading)
The latest figures published by the Council of Mortgage Lenders show that the number of approved mortgages loans increased in September, marking the 3rd consecutive month of growth. Interestingly, first-time buyers accounted for the vast majority of granted mortgages. According to... (Continue reading)
The forecast of the Council of Mortgages Lenders for the number of property repossessions in the UK was revised lately. Last year the trade organisation for mortgage lending predicted that 75,000 people will lose their homes in 2009; this June,... (Continue reading)
British mortgage brokers believe that entrance of new mortgage lenders on the British market will result in increased competition. GE Money Home Lending, which was one of the most popular British mortgage lenders in 2007, announced that this week it will... (Continue reading)
The latest announcement by Woolwich – Barclays’ mortgage branch – suggests that the lender is tightening affordability criteria for borrowers, while introducing new attractive mortgage deals. Being the 4rth biggest lender in the United Kingdom, Woolwich launches several new deals for... (Continue reading)
Following the release of mortgage review by the Financial Services Authority in October, Co-operative lending branch – Platform bank – announced that it will withdraw its self-certification mortgage deal by the end of the week. Let us remind that the FSA... (Continue reading)
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