Article(s) associated to this keyword
- Fixed Rates Rise Again
- Rates Up For Those With Small Deposit
- Mortgage Competition Is On The Way Back
- Mini Mortgage Price War Breaks Out
- Banks Cash In From Credit Crunch
- Mortgage Rates Start To Come Down
- Fancy A Mortgage Payment Holiday?
- Avoid Mortgage Arrears
- Halifax Cuts Rates As Asking Prices Come Down
- Good Fixed Rate A Thing Of The Past
Nationwide has raised its fixed mortgage rates as other lenders have done so in the wake of recent financial turmoil. Borrowing has become tougher, especially if you don’t have a large deposit.
Following continuing uncertainty on the money markets, HSBC has raised its mortgage rates for those with less than 25% deposit. B&B has announced redundancies and the PM travels to the US for financial discussions.
As Alliance & Leicester cut many of its fixed rate mortgages this week, it really does seem like mortgage competition has been re-joined. A&L is owned by Banco Santander which also owns Abbey, and is pushing aggressively into the UK mortgage market.
It appears a mini price war has broken out between lenders - good news for consumers. There is even one rate below 5% for two years, but watch out for the fees.
A recent study has revealed that most mortgage rates are higher now than a year ago, despite lower bank rates and lower money market rates. It looks as though some banks have cashed in during the credit crunch, but some fixed rates are lower than a year ago.
The average fixed rate mortgage among the top five lenders in the UK has fallen in the last few weeks. It may signal the end of the worst of the mortgage crisis. A boost in the mortgage market should help to boost the ailing property market too.
Taking a mortgage payment holiday for a month or two sounds like a nice idea. But are there any fees attached? Are there any catches? And what does it mean for your repayments when you start to pay again?
There are ways to cut down your monthly mortgage repayments, although some may cost you more in the long term. Consider the options and make the choice that will suit you.
Following cuts by Nationwide, Abbey and Cheltenham & Gloucester, Britain’s biggest mortgage lender, Halifax, has cut some of its mortgage rates. Meanwhile, the average asking price for houses has come down.
With fixed rate mortgage deals having risen so much, it is now difficult to find one that is better value than a standard variable rate. While fixed rates offer stability, tracker rate deals may give better value currently.
