Borrowers struggling to find a good mortgage or remortgage deal may be pleased to know that Nationwide has reintroduced 95% LTV mortgages to its products on offer.
Since the credit crunch, borrowing more than 60% of the value of a property has been difficult.
The deal, however, comes with a 7.18% interest rate for two years, making it more [...]

The Association of Mortgage Intermediaries announced today that business is beginning to pick up again for mortgage brokers.
In September, only half of mortgage brokers were able to assist clients as lenders were offering the best mortgage and remortgage deals directly to customers.
Since September, the 50% of mortgage brokers unable to assist customers has decreased to [...]

New research from the Bank of England, entitled “The Financial Position of British Households”, was released today.
The report was composed from 2,400 interviews with families between September and October.
The research found that 15% of interviewees who had attempted to find a remortgage deal recently had faced a struggle to do so.
10% of families were finding [...]

Due to the credit crunch, home owners and landlords are being advised to act quickly when considering a cheaper remortgage deal.
Kate Faulkner, managing director of Designs on Property, has urges remortgage customers to start seeking their deals “really early.”
She continued: “It’s not something that you can do six weeks before you remortgage; it is something [...]

According to new research from Durham University, homeowners who remortgaged when house prices were healthy used the cash for necessitites.
Rather than blowing the money, families spent it on things they desperately needed.
Professor Susan Smith of Durham University said that the credit crunch will affect families on a similar income, who will now be unable to find [...]

HSBC has pledged to increase mortgage lending by one fifth in 2009.
The high street lender said that it will lend £15 billion in mortgages next year, in a move welcomed by mortgage brokers as a boost to the remortgage market.
Some brokers, however, have said that this will not help first-time buyers and those truly struggling [...]

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.
[...]

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 [...]