08 - Wednesday 8th February
Five Year Fixed Rate Mortgages
Legal & General will offer a new range of five year fixed rate mortgages from Cambridge Building Society with a fee of £999, free legals and valuations for remortgages, up to £250,000 available on up to 90 percent mortgages.
The fixed rate mortgages are available as 90 percent mortgages with a rate of 5.24 percent, 85 percent mortgages with a 4.34 percent rate, and 80 percent loan to value mortgages are available with a rate of 4.09 percent.
Mortgage news on 8th February 2012 is provided by external sources such as major banks and building societies as well as independent mortgage lenders and brokers.
- Santander overhauls interest-only loans
Bank tightens lending criteria for interest-only mortgages, cutting the maximum loan-to-value for customers to 50%
Wed 8th Feb 2012 11:48am - Doug Crawford steps down as CEO of Personal Touch
Doug Crawford has resigned as chief executive officer of Personal Touch after almost two years at the firm.
Wed 8th Feb 2012 3:55pm - L&G offers range of 5-year fixes from Cambridge BS
Legal & General Network is offering an exclusive range of five-year fixed rate mortgages from Cambridge Building Society.
Wed 8th Feb 2012 2:59pm - New insolvency law in Ireland will increase mortgage defaults, says Moody’s
New Irish personal insolvency legislation proposed in January will discourage borrowers from keeping up with their mortgage payments and make a quarter of Irish mortgage debt susceptible to write-down, according to Moody’s.
Wed 8th Feb 2012 2:33pm - Google axes UK mortgage plans
Google has scrapped plans for a UK mortgage comparison service after closing its US version.
Wed 8th Feb 2012 12:59pm - Abbey cuts max number of applicants from four to two
Abbey for Intermediaries has reduced the maximum number of applicants it will accept on a mortgage from four to two.
Wed 8th Feb 2012 11:52am - Active Lending Solutions given access to Stonebridge protection panel
Members of Active Lending Solutions will be given access to a protection panel from Stonebridge Group from today as part of a new strategic partnership between the two firms.
Wed 8th Feb 2012 10:43am - Montello expands funding and completes first medium-term loan
Montello Bridging Finance has expanded its funding lines, enabling it to enter the medium-term loan market.
Wed 8th Feb 2012 10:25am - Santander reduces interest-only LTV to 50%
Santander is reducing its maximum LTV for interest-only mortgages from 75% to 50%.
Wed 8th Feb 2012 10:08am - Government must identify funding gap in social care, says SHIP
It is crucial that the government identifies the scale of the funding gap in social care in order for the financial services industry to develop solutions, according to Safe Home Income Plans.
Wed 8th Feb 2012 10:01am - Buy-to-let attracts new silver brigade looking to rent-to-move or boost their pension
Forget young professionals snapping up new-build flats, brokers suggest an older generation of equity-rich buy-to-let landlords is opting either to rent-to-move or boost their pension plan.
Wed 8th Feb 2012 4:41pm - House prices: Desperate home sellers slash record amounts off
Research found more than a third of properties up for sale have been reduced with the average discount on these homes of £19,580 a record high.
Wed 8th Feb 2012 10:03am - Ministers break shared-ownership pledge as first-time buyers are trapped
A Money Mail investigation has revealed how first-time buyers who signed up for shared ownership deals have never been able to fulfil the dream they feel they were sold.
Wed 8th Feb 2012 9:07am - Santander overhauls interest-only loans
Bank has cut the maximum it will allow customers to borrow on an interest-only basis from 75 per cent to 50 per cent loan-to-value
Wed 8th Feb 2012 11:48am - Santander overhauls interest-only loans
Bank has cut the maximum it will allow customers to borrow on an interest-only basis from 75 per cent to 50 per cent loan-to-value
Wed 8th Feb 2012 11:48am
