Mortgage approvals for house purchase fell to 56,200 in March, says Bank of England. It is the lowest level since March 2013, according to the latest Money and Credit statistics from BoE. The analysis found that the rate on new variable-rate mortgage borrowing fell by 17 basis points in March. However, the cost of fixed-rate…
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HSBC has reduced rates on selected mortgage products between 60% and 80% LTV by up to 0.10%. HSBC mortgage rates include: Two-year fixed rate at 60 % LTV, £999 fee, cut by 0.05 per cent to 1.19 per cent. The zero fee equivalent is now 1.49 per cent. • Five-year fixed rate at 60 %…
Nationwide is extending mortgage lending up to 85% LTV and launches two remortgage products. Nationwide is increasing the rates on its two, three and five-year fixed rates at 80% and 85% LTV by up to 0.25%. The Building Society is extending its mortgage lending through brokers and online up to 85% LTV from today. Two-year…
The government is considering extending the Help to Buy scheme. The scheme will enable more people to take advantage of an equity loan to support them onto the property ladder. The Help to Buy scheme offers an equity loan to the first-time buyers and existing homeowners money to buy a newly-built home. Help to…