Products
Nearly half of people taking out a partial reversion plan do so in order to fund new improvements to their home, says a survey by Bridgewater Equity Release.
TBMC, the buy-to-let and commercial mortgage specialist, has launched a two-year discount at 3.25%, available up to 60% LTV with Hinckley & Rugby Building Society.
The Building Societies Association and Nationwide have launched a shared home ownership (SHO) website offering a hub for information and stepping stone to market expansion.
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Skipton Building Society has launched a raft of buy-to-let mortgages.
Sister banks Clydesdale and Yorkshire have waived the £599 fees previously payable on first-time buyer mortgages for those taking out a 95% or 90% Loan to Value (LTV) mortgage.
Abbey for Intermediaries has launched its range of NewBuy mortgages today through intermediaries with established ties to Barratt Homes, Berkeley, Bovis Homes, or Persimmon.
The regulator has set out the circumstances under which the new Financial Conduct Authority (FCA) will exercise its temporary product intervention powers.
The interest-only market is not dead, but merely going through a "transitional phase," insisted the Financial Conduct Authority's Martin Wheatley.
Policymakers will have to "proceed cautiously" when moving interest rates to keep arrears levels under control.
The Mortgage Works(TMW), the buy-to-let specialist lending arm of Nationwide Building Society, has improved its existing buy-to-let offering and added new deals to its range.
Nationwide has confirmed it will return incomplete paper applications to brokers from May 16.
Mutual Hinckley & Rugby has launched two lifetime discount loans, including one at 85 per cent LTV.
TBMC, the buy-to-let and commercial mortgage specialist is offering two additional two-year fixed rate deals with BM Solutions.
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It's not all doom and gloom out there in the mortgage industry, so click here for a dose of cheer.
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