Nationalised lender Northern Rock has launched a new mortgage range.
The new deals include a one-year fixed rate product at 3.99%, with new customers able to choose to fix their interest rate and monthly payments for one, two, five or 10 years.
The new range will continue to offer Northern Rock’s existing basic valuation and free legal [...]

Borrowers looking for a fixed rate mortgage or remortgage deal are still paying too much, according to moneyfacts.co.uk.
The average mortgage two-year fixed rate is 6.13%, whilst the two-year swap rate is only 3.61%. Before the economic slowdown, the difference between these two was only 0.10%.
Though the base rate cut last week reduced costs for lenders, [...]

The Royal Bank of Scotland has dropped the cost of its two-year fixed-rate remortgage deal to 6.14%.
The cut to the price came as RBS also reduced its fixed-rate loans by up to 0.6% in some cases.
Experts have said that fixed rate deals could fall further, which comes as a relief to home-owners looking to remortgage.

High street lender Abbey’s remortgage index today showed that three year fixed rate deals have grown in popularity over the past few months.
Abbey’s figures show that 56% of remortgage customers opted for a fixed rate deal when their current fixed mortgage term comes to an end.
The popularity of fixed rate mortgages could be evidence of [...]

Mortgage broker John Charcol has urged mortgage holders who are nearing the end of their fixed rate mortgages to find a new deal as quickly as possible.
Ray Boulder, John Charcol’s senior technical manager, said that those looking to remortgage should start looking into their options six months before their deals expire.
In the current economic climate, [...]

Administration is a big factor when waiting until the last minute to get the best remortgage rate on your property.
Borrowers are tempted to wait until the last minute to hold out for the best rates when remortgaging, but could be stung by delays due to administration processing.
An expert at Savills Private Finance says this might [...]

According to research by MoneyExpert.com, borrowers are now paying more for their mortgages than they did before Gordon Brown became prime minister.
The average rate of a three-year fixed mortgage has risen from 6.12% to 6.51% since Mr Brown has been PM.
The financial market has not been in a healthy state and banks have struggled in [...]

Remortgage Deals gives you access to the entire market to find the best remortgage whatever your circumstances. From adverse credit to self cert products, there’s something for everyone.
The benefits of remortgaging are many and various…
1) You can save yourself money each month by reducing the cost of repayments.
2) Your circumstances may have changed [...]

News emerges that ‘brickor mortis’ is still paralysing the London property market, reports ThisIsMoney.co.uk.
With sellers holding out for the best deal and buyers struggling to get the right mortgage deal, some homes are staying on the market for more than three months.
Overall, the number of ’stale’ properties on the market in the capital [...]

People seeking the best remortgage deal could be in luck with the new range of mortgages from Leeds Building Society.
The new products include a free, in-house legal service for those wanting to remortgage. Those with only a small amount of equity available in their property will be reassured by the offers, which start at 5.95 [...]