A report from Mortgage Solutions tells us Coventry - the UK’s fourth largest building society - has cut rates and added further buy-to-let products to their range.
As of August 29th 2008, they will be offering a three-year fixed rate deal at 5.99 per cent and a ten year fixed deal set at 6.09 per [...]

According to the British Bankers Association (BBA), mortgage lending is on the increase once more, reports MoneyMarketing.co.uk.
Borrowing rose to £4.3 billion in July 2008, which means the monthly lending figure - which had plummeted in the first half of this year - has levelled off.
It’s not all happy news though: the BBA says [...]

Research from GE Money Home Lending has shown that up to 3.4 million consumers have had their remortgage, first time mortgage or loan applications turned down in the last 18 months, reports Mortgage Strategy.
It is believed this is a direct result of the credit crunch. Some 450,000 people seeking to remortgage or buy for [...]

Mortgage Solutions reports a second consecutive monthly fall in new home prices during July, recorded by SmartNewHomes.
Since June the average price of a new home has fallen by a further 1.3 per cent, taking the overall drop since last year to a whopping 5.1 per cent.
This will alarm those who find themselves looking [...]

The Independent reports that landlords are falling behind in repayments on their buy-to-let mortgages.
It is estimated that around 10,000 landlords are currently struggling and independent financial advisor Hargreaves Lansdown predicts many more will follow.
The problem lies with many coming to the end of their cheap two and three-year fixed deals. There is further [...]

The plans proposed by Alistair Darling to help lenders grant more new mortgages have been met with strong disapproval from Bank of England Governor Mervyn King, reports IFAonline.
The Chancellor had planned to expand the Special Liquidity Scheme to give further finance to banks and building societies in the wake of the credit crunch.
After [...]

The Abbey Remortgage Index July study has found two fifths of homeowners are baffled by the type of mortgage they should pick.
The latest Bank of England Base Rate decision has bewildered many and resulted in a rise in demand for longer fixed term rate mortgages.
Director of Abbey Mortgages, Phil Cliff, commented:
“In times of uncertainty, people [...]

Scottish Widows Bank has a new tracker mortgage to offer customers through the Legal and General Mortgage Club.
The product is available to those seeking to remortgage, as well as new purchases, with up to 75 per cent loan-to-value. However the high arrangement fee of £999 could deter many customers, despite being able to add the [...]

One in five Northern Rock customers with a high loan-to-value (LTV) mortgage faces negative equity, reports The Telegraph.
As customers come to the end of their fixed rate term, Northern Rock is encouraging them to remortgage elsewhere. However, a lack of equity, coupled with the credit crunch, equals a hard time for many. The troubled bank [...]