05 - Thursday 5th April
The Best Mortgage Deals are Available Direct
Many major banks and building societies are now offering their most competitive mortgage deals to customers who apply directly in-branch, as opposed to applying through an intermediary broker.
For example, customers applying for products directly at a Santander branch, will benefit from a 0.5 percent lower interest rate on their mortgage deal compared to the same product applied through the bank's broker arm, Abbey for Intermediaries.
Mortgage news on 5th April 2012 is provided by banks, building societies, independent UK mortgage brokers as well as online mortgage specialists.
- Few consumers switch energy suppliers
Average household energy bills now total £1,252 a year, with costs rising by 21% between 2010 and 2011
Thu 5th Apr 2012 6:33pm - Banks offer cheaper mortgages direct
Two big high street lenders offer cheaper rates on some mortgages deals through branches rather than brokers
Thu 5th Apr 2012 6:27pm - Landlords face tougher penalties
Landlords will face tougher penalties if they fail to protect a tenant’s deposit in a government-approved scheme under new legislation
Thu 5th Apr 2012 10:16am - Let mortgage prisoners borrow 10% more, says AMI
The Association of Mortgage Intermediaries says mortgage prisoners should be able to take on additional borrowing of up to 10% as long as it is in their best interests.
Thu 5th Apr 2012 11:56am - Bank of England keeps rates on hold
The Bank of England’s Monetary Policy Committee has voted to keep interest rates on hold at 0.5% and to maintain the size of the asset purchase programme.
Thu 5th Apr 2012 1:01pm - Scotland approves first tenancy deposit protection scheme
The Scottish government has approved its first tenancy deposit protection scheme, The Letting Protection Service Scotland, with the scheme given the go ahead to launch on July 2.
Thu 5th Apr 2012 11:43am - Enness Private Clients calls for rethink over high net worth definition
Large mortgage and high net worth specialist Enness Private Clients, has responded to the latest Mortgage Market Review paper, in which it calls for the regulator to rethink its definition of a high net worth client.
Thu 5th Apr 2012 10:36am - Bank defends not asking for power over LTVs
Deputy governor says power to limit mortgage borrowing should rest with Government, not regulators
Thu 5th Apr 2012 10:15am - Few consumers switch energy suppliers
Average household energy bills now total £1,252 a year, with costs rising by 21% between 2010 and 2011
Thu 5th Apr 2012 6:33pm - Landlords face tougher penalties
Landlords will face tougher penalties if they fail to protect a tenant’s deposit in a government-approved scheme under new legislation
Thu 5th Apr 2012 10:16am
