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West Brom joins fierce battle for new buyers with new 90% mortgages
The West Bromwich Building Society has joined an intensifying battle for first-time buyers with an impressive new range of 85% and 90% LTV mortgages. The lender has joined the battle for new custom...
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Rising house prices to drive thousands over stamp duty threshold
House prices went up by over 1% in November to £174,910, according to Halifax's latest index – the tenth consecutive monthly increase in prices. This represents an 8.4% increase on the same month...
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Santander offers market-leading personal loans until December 18
Santander is offering personal loans at knock-down rates as low as 4.5% until 18th December. The bank has temporarily slashed the cost of its unsecured personal loans across most lending tiers to hit...
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New buyers choosing bigger homes through Help to Buy scheme
New first-time buyers are using the latest extension of the Help to Buy scheme to apply for larger homes, according to Connells Group Mortgage Services. The agent said that almost nine in ten...
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Halifax tells customers in Scotland to switch current accounts
Halifax has promoted itself as the go-to "challenger" bank in Scotland as it returned to the Scottish high-street following a 10-year absence. The bank, owned by the taxpayer-funded Lloyds Banking...
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Lloyds receives record fine for shocking sales practices
Lloyds Banking Group has received a record fine of £28 million for running an aggressive bonus scheme that incentivised staff to sell products that were profitable for the bank rather than suitable for...
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Tesco Bank to launch current accounts in 2014
Tesco Bank has announced that its current account range will finally launch in 2014, adding further competition to the market. The bank’s chief executive, Benny Higgins, said the bank was “making...
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Brits still can't reduce credit card debts despite long 0% deals
The credit card market remains awash with 0% balance transfer deals, but new research suggests that customers who take on these offers are still struggling to reduce their debts. A report from...
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First-time buyers benefit from Help to Buy launch
First-time buyers appear to have benefited from the government's new lending schemes after experiencing the largest increase in lending for six years in October. Figures from the Council of Mortgage...
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Virgin and Aldermore join Help to Buy
Challenger banks Virgin Money and Aldermore have joined the government's Help to Buy scheme in a bid to help new buyers purchase their first home. The banks are both offering fixed-rate mortgages at...
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Confidence soars as average UK house price approaches £250K
Average house prices in the UK are now within reach of the £250,000 mark, according to the Office of National Statistics, after rising by 5.4% in the year to November. The latest House Price Index...
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Check your credit rating, and apply to cut your costs
Are you paying over the odds for your credit cards, loans, or mortgages? Consulting your credit report might help you determine whether you could apply for better rates on your lending. Why is Your...
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Remortgaging to cheaper deals drives housing activity in 2013
The number of property valuations increased by more than a third in 2013 as existing homeowners looked to secure better mortgage deals. Figures from chartered surveyors Connells show that the number...
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West Bromwich Building Society lays down gauntlet with new mortgages
The West Bromwich Building Society has laid down the gauntlet to rivals by reducing a number of its 2-year fixed-rate mortgages at higher loan-to-value levels. The society, which has featured...
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300,000 switch current accounts using new seven-day service
Hundreds of thousands of consumers have taken advantage of the new seven-day switch system to move to a new bank. The Payments Council has revealed that over 300,000 consumers switched their current...
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Barclays to unveil new Help to Buy mortgage deals
Barclays will unveil two Help to Buy mortgages tomorrow (21 January) as competition gathers pace for new homebuyers. The bank will offer 95% loan-to-value mortgages at three-year and five-year...
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Rental costs fall as first-time buyers secure mortgages
Rental costs are falling as increasing numbers of renters secure a mortgage to purchase their own home. The cost of rent in England and Wales fell by 1% in December compared to the previous month,...
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Happy New Year Homeowners! Prices rise by record 1% in January
2014 has seen the strongest ever start to a year for house prices, according to Rightmove's latest House Price Index. The average house price has risen to £243,861 in January, following a 1% rise on...
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Deposit levels fall as Help to Buy supports higher LTV mortgages
The average deposit required by homebuyers fell by 6% between October and December last year, the Mortgage Advice Bureau said, as more took advantage of higher loan-to-value mortgages. The Bureau...
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Unemployment falling fast: is it time to fix – quickly?
A dramatic fall in the rate of unemployment will be putting homeowners and future buyers on red alert over the coming months, as the prospect of rising interest rates grows ever more likely. So, what's...
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