CEO of Alexander Hall mortgage advisors Andy Pratt said that lying to lenders will not longer help mortgage or remortgage customers secure a loan.
Pratt said that, with so much emphasis now on deposits rather than repayments, lying about income levels will make little difference when applying for a mortgage.
He also said that remortgage customers may [...]

New research from the Council of Mortgage Lenders show that the number of remortgages granted in the UK has plummeted by a third.
33% fewer remortgage deals were taken out compared to 2007’s figures.
Remortgaging now may involve raising a large deposit or taking on a less beneficial rate due to the financial crisis.

Yorkshire Building Society today announced that it is offering news mortgage deals.
Mortgages start at 3.99%, and the new range offers fixed rate products of two, three or five years with LTV ratios of 60-75%.
A remortgage deal at these prices is available to borrowers, with free valuation and legal services included.

With remortgage deals becoming increasingly hard to find in the UK, the contrast with mortgage prices abroad is becoming ever more defined.
Conti Financial Services, the overseas mortgage specialist, is now offering overseas property owners remortgage deals at 2.49%, whilst the best rate in the UK at the moment stands at around 3%.
Over two million Brits [...]

Big-name lender Abbey today cut rates on many of its fixed rate mortgage deals.
As well as cutting the price of its fixed rate mortgage deals, there are also cheaper remortgage deals available.
For anyone looking to buy, move home or remortgage, Abbey will be launching a fee-free two-year fixed rate remortgage at 4.49% available up to [...]

High street lender Woolwich has launched its lowest ever fixed rate deal.
The new deal starts off at 2.29% for one year, which then reverts back to a tracker deal at hank base rate plus 2.29% for the rest of the mortgage term.
The mortgage deal is available under Woolwitch’s Switch and Save scheme, which means that [...]

Nationalised bank Northern Rock could receive another loan from the government in order to boost lending.
Some newspapers are reporting that the loan could be worth as much as 10 billion GBP, although a Treasury spokesperson described this as “utterly speculative”.
The loan would be another attempt to stimulate the bank into lending again.
Last week, Northern Rock [...]

Last week saw many major lenders cut the prices of their fixed rate remortgage deals.
In a move that may come as a relief to many homeowners, NatWest and RBS launched a 3.79% two-year remortgage deal.
Alliance & Leicester and Abbey made similar cuts, as did small building society Hinckley & Rugby.
Many deals, however, are still only [...]

RBS Intermediary Partners will reduce rates on some of its fixed rate deals tomorrow.
This means that the lender will be offering remortgage customers a two-year fixed rate of 4.19% with a 75% LTV, charging 999GBP.
A five-year fixed rate remortgage deal is also on offer, with up to an 85% LTV at a rate of 6.09%.

High street lenders NatWest and RBS have unveiled new mortgage deals available to both new customers and those looking to remortgage.
The fixed-rate deal has an interest rate of 3.99%, a fee of £799, and a loan-to-value of 60%.
Andy Fell, director of branch mortgages at The Royal Bank of Scotland (RBS), said:
“We believe [...]