Borrowers looking to remortgage their properties are suffering from reduced valuations due to the increase in repossessions and forced sales.
Conveyancing company LMS said that valuers had to take the selling prices of three similar properties into account when valuing a house, and, as some properties are being sold for as little as 50% below their [...]

A new study by Home Buyer Systems reveals that UK mortgage brokers are no longer offering 90% LTV deals to remortgage customers or second-time buyers.

There is only one exception to this finding; a deal that would cost customers £130 a month more.

Borrowers can still access 90% LTV mortgages directly from lenders.
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Lender Alliance and Leicester has made changes to three of its two year fixed rate mortgage deals.
It has reduced its 5.49% rate with an arrangement fee of £599 to 4.94%, and the 5.59% deal has been reduced to 4.99%.
On top of these changes , the two year fixed rate fee saver, which provides remortgage customers [...]

The Bank of England Monetary Policy Committee may decide to cut the base rate further this week.
Since the previous cut, banks have been urge to lower their interest rates, but so far, lenders have only reduced their Standard Variable Rates (SVRs).
Many lenders do not accept applications for new loans at SVR.
A previous cut may affect [...]

The Bank of England is expected to cut interest rates today by a further 1%.
This would leave the base rate at just 2%, its lowest since 1951.
A rate cut could make it easier for borrowers and homeowners to get a mortgage or remortgage their home at an affordable rate.
There has, however, been anger at lenders [...]

New Bank of England figures reveal that mortgage approvals have decreased by 74% since October 2007.
Mortgage lending was down to %0.5 billion, much lower than the previous six-month averages of £2.7 billion.
Remortgaging rose in October to 72,000, 1,000 remortgage deals above September’s figures.

Conveyancing Alliance Ltd (CAL) announced that it will pass on the full cut in VAT to customers from today (1st December).
The 2.5% VAT cut means that all online quotes from today will be charged at the new 15% rate.
For typical remortgage customers, this means a saving of around £10.
Remortgage conveyancing with CAL is priced at [...]

Premier Mortgage service has announced that it is joining forces with Hinckley and Rugby Building Society to offer a new two-year fixed rate deal.
The deal includes a rate of 4.39% for two years, whilst the maximum loan is £500,000 with a LTV of 65%.
For remortgage customers, the product is available with free valuation and legal [...]