There are many situations in which it might be a good idea to change your current deal and find a better mortgage rate. Perhaps you have accrued more expenses in your day-to-day life; a new baby is on the way, or rising fuel prices are simply making life far more costly? Or, maybe you have [...]

CEO of HSBC David Hodgkinson yesterday warned that, even if the Bank of England makes another interest rate cut, it may not be passed down to borrowers.
Mr Hodgkinson said that there would be some “stickiness” in mortgage and remortgage rates, despite the Bank cutting the interest rate by a further 0.5% as expected on Thursday.
Since [...]

With house prices falling so dramatically during August, remortgaging rather than selling up and moving on has never looked such an attractive option.
Some home owners have been scared into sticking with a rising rate on their mortgage because of fears their application will be rejected by lenders. But with the Halifax index recording a 12.7 [...]

The Bank of England’s decision not to adjust the base rate has been an initial blow to those looking for the best remortgage deal, but many lenders are confident that there will be a cut soon, reports MortgageSorter.co.uk.
This will mean mortgage rates could fall too, which will be welcome news for anyone wishing to remortgage. [...]

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 [...]

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 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 [...]