You are here: Home - News -

Lenders kick off new year with fresh mortgage deals

by: Mortgage Solutions
  • 05/01/2017
  • 0
Lenders kick off new year with fresh mortgage deals
The first week of 2017 has already seen a raft of new mortgage deals launched by a range of lenders.

Aldermore announced that it has revamped its mortgages with a reduction in rates on many of its products, including a replacement for the Help to Buy: Mortgage Guarantee scheme for borrowers with a low deposit.

The lender’s new high LTV range up to 95% LTV includes a two-year fix at 4.98%, a three-year fix, also at 4.98% and a five year fix at 5.08%.

Aldermore has reduced its early repayment charges as well as introducing a new overpayment allowance of up to 10% of the outstanding balance every year.

Fee-free deals from Leeds

Leeds Building Society is adding a new range of fee-free remortgage deals from Friday 6 January.

It includes:

  • A two-year fixed rate mortgage at 1.55% available up to 65% LTV
  • A two-year fixed rate mortgage at 1.60% available up to 75%LTV
  • A five-year fixed rate mortgage at 2.19% available up to 75% LTV

The remortgage deals all come with a free valuation and fees assisted legal services. There is no product fee.

“Demand for remortgages remained strong during 2016 and continued to grow as a proportion of the mortgage market throughout last year,” said Jaedon Green, Leeds Building Society’s director of product and distribution.

“We expect that trend will continue as homeowners look to take advantage of the historic low interest rate. These latest remortgage-only deals we’ve launched have no fees, which is an added incentive to switch to a better deal.”

Halifax offers £500 cashback

Halifax is offering £500 cashback to first-time buyers, homemovers, buy-to-let borrowers and customers remortgaging from their current lender on qualifying mortgages.

As well as extra cashback, the lender is also promising eligible borrowers will also have the support of a dedicated mortgage adviser to make the process as simple and hassle-free as possible.

Chris Gowland, mortgages director at the lender, said: “Buying a property can be an expensive time. People can often underestimate the extra things they need when they get into their new homes. A bit of extra cash can help ease the financial burden during what’s often a stressful time. Homemovers and those remortgaging can also benefit from a New Year boost to bank balances through the £500 cashback.”

There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.

Profiles

Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.

Marketwatch

Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.

Poll

Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
Read previous post:
London property
Prime London sales continue to suffer but lower house prices boost confidence

Residential sales in prime London have continued to be impacted by higher Stamp Duty costs and economic uncertainty but research...

Close