13 - Monday 13th February
A Rise in First Time Buyer Mortgages
According to new figures released by the Council of Mortgage Lenders, the number of first time buyer mortgages rose in December 2011 by 7 per cent. In total, 18,700 first time buyer mortgages were advanced in December, totalling £2.3bn, representing a 7 percent increase in volume and 10 percent by value compared to November.
The proportion of properties also rose from 50- to 53 percent purchased with first time buyer mortgages, within the Stamp Duty exemption price band, indicating that purchases may be getting rushed through before the stamp duty exemption ends in March 2012.
- Buyers rush to beat stamp duty deadline
Stamp duty holiday for properties worth up to £250,000 ends next month
Mon 13th Feb 2012 4:20pm - Barclays launches Future Fix mortgage
Barclays is launching a new mortgage tomorrow that allows borrowers to have a tracker rate for the first two years and then switch to a fixed rate for the remaining three years of the deal.
Mon 13th Feb 2012 2:27pm - Nationwide launches ISA account for FTBs
Nationwide is launching a tax-free savings account aimed at first-time buyers saving for a deposit.
Mon 13th Feb 2012 4:31pm - Accord withdrawing all 75% and 85% LTV products
Accord Mortgages is withdrawing all of its 75% and 85% LTV mortgages until Thursday.
Mon 13th Feb 2012 3:44pm - Post Office offers 75% LTV five-year fix at 3.38%
The Post Office has cut its mortgage rates by up to 1.01% on a range of its fixed rate and tracker mortgages - the largest cut is to its five-year fixed rate deal at 75% LTV - a reduction of 1.01% from 4.39% to 3.38%
Mon 13th Feb 2012 12:23pm - Promise adds Dragonfly to its sourcing portal
Promise Solutions has added Dragonfly to its sourcing portal for seocnd charge loans, taking the number of lenders on its system to 14.
Mon 13th Feb 2012 11:21am - Partnership raises LTVs for lifetime mortgages
Partnership is increasing its LTV rates for its enhanced lifetime mortgage.
Mon 13th Feb 2012 10:52am - PTFS chief exec Doug Crawford to join conveyancer
Crawford will join the firm in April as its new chief executive.
Mon 13th Feb 2012 10:32am - Number of 95% LTV deals at a four-year high
The number of 95% LTV mortgage deals available to first-time buyers is at the highest level since before the financial crisis, according to the Mortgage Advice Bureau.
Mon 13th Feb 2012 10:29am - First-time buyer mortgages up 7% in December
The number of first-time buyers increased by 7% in December 2011, compared with the previous month, according to the Council of Mortgage Lenders.
Mon 13th Feb 2012 10:20am - Be vigilant against rogue introducers, brokers told
Brokers who accept business from introducers may be exposing themselves to the risk of fraud, experts warn.
Mon 13th Feb 2012 8:30am - CML: House purchases fall to 27-year low, but first-time buyer rush to beat stamp duty deadline begins
The property market freeze saw home buyers hit the lowest level since 1974, despite record low mortgage rates on offer.
Mon 13th Feb 2012 6:14pm - Post Office slashes fixed rate mortgages | 5 year at 3.38%
The largest cut is to its five-year fixed rate deal at 75 per cent loan-to-value (LTV) with a reduction of 1.01 per cent to 3.38 per cent.
Mon 13th Feb 2012 6:06pm - Post Office cuts mortgage rates by up to 1.01%
The Post Office has announced cuts to many of its fixed-rate and tracker mortgages of up to 1.01 per cent in a move that sends many products to the top of the best-buy tables.
Mon 13th Feb 2012 1:49pm - CML: Rise in first-time buyers before stamp duty holiday ends
The Council of Mortgage Lenders (CML) reports a rise in first-time buyers in December as they rush to beat the stamp duty holiday deadline of March 24th 2012.
Mon 13th Feb 2012 1:13pm - UK inflation news this week to set course for Sterling
The Pound has stumbled slightly since my blog last week, falling by 0.37 percent on the US Dollar and 0.67 percent on the Euro. This was following a week of mixed fortunes however and it was only towards the end of the week that Sterling lost its rally…
Mon 13th Feb 2012 10:58am - Buyers rush to beat stamp duty deadline
In December, 18,700 mortgages were advanced to first-time buyers, up 7 per cent from November and a rise of 14 per cent compared to a year ago
Mon 13th Feb 2012 4:20pm
