Mortgage Lending up 10 Per Cent in January 2012
The Council of Mortgage Lenders (CML) has revealed a 10 per cent increase in gross mortgage lending for January this year, compared with the same period in 2011.
The Council of Mortgage Lenders (CML) has revealed a 10 per cent increase in gross mortgage lending for January this year, compared with the same period in 2011.
Reports at the weekend warned that banks and building societies are making it harder for customers to arrange interest-only mortgages – with high street bank Santander insisting on at least a 50 per cent deposit before such a mortgage can be agreed.
The Loughborough Building Society has launched a variable discounted mortgage this week that offers customers a low 3.39 per cent interest rate over three years – that’s a 1.6 per cent discount on normal rates.
The Skipton Building Society announced today that it has cut the costs for customers seeking to take advantage of its buy-to-let mortgages.
Banking giant Barclays announced today that it is launching a new mortgage combining a base rate tracker mortgage with a fixed follow-on rate mortgage.