The intermediary Mortgage Lender of The Co-operative Bank, Platform, has launched a new £1,000 cashback deal on selected mortgage deals. The introduction of the new deal comes as part of a product revamp, which has seen the bank re-introduce mortgage deals at 80 and 90% LTV in recent weeks. These higher loan-to-value mortgages will qualify…
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Nationwide has reduced the number of its remortgage fixed rate deals by up to 0.20 per cent. They have also chopped 0.10 per cent off one of its first-time buyer products. This means that the FTB, house purchase and shared equity mortgage at 75% LTV on a five-year fix is now set at 2.09% with…
Moneyfacts reported that the average mortgage fee has reached the highest level for eight years with an increase of £61 year-on-year to £1,078. The part of the market offering fixed-rate mortgage deals that do not charge a fee has reduced to 34% now. It was 42% last November. However, the percentage of the fixed-rate mortgage…
The Bank of England has published its monthly Money and Credit report mortgage application approvals. The number of mortgage application approvals rose again in September to its highest figure since September 2007, according to the report. The previous month’s report already revealed a similar record, with 85,500 approvals in August. The number again rose to…