Loan follows Yorkshire's 10-year mortgage and comes as part of wider push by lenders towards lower-rate, longer-term dealsA five-year fixed-rate mortgage with an interest rate of under 2.5% is available for the first time ever as rates on new home loans continue to tumble.HSBC has launched a five-year home loan with an interest rate of 2.49% for homeowners with a 40% deposit...
(27 days ago)
Woolwich, the bank’s mortgage arm, is scrapping the offer for customers who had special current accounts sold alongside its mortgages.
(1 month and 6 days ago)
Thousands of borrowers will see their tracker-mortgage rates triple even though their deals are supposed to be pegged to the...
(2 months and 25 days ago)
WHEN interest rates are high savers are happy, but borrowers are not. When they fall, savers’ pain is debtors’ gain. It is a natural trade-off. But in the euro zone these days rates hurt everyone: they are low for depositors and high for borrowers. This is especially so in Italy and Spain, where the rates small firms pay to borrow are far above those set by the European...
(21 days ago)
Record low interest rates have forced savers and borrowers alike to become expert at scouring best buy tables. But the highest savings rate or lowest mortgage deal doesn’t necessarily correlate to the most generous bank or building society.
(1 month and 13 days ago)
A growing number of homeowners are starting over on their mortgage loans, attracted by low interest rates, and in some cases spurred by concern that those rates could soon rise. The rush to refinance is boosting business for banks and credit unions, local financial experts say.
(11 days ago)
Due to a processing error, borrowers received checks for less than what they were owed under a mortgage settlement reached with 13 mortgage servicers, the Federal Reserve said.
(14 days ago)
As 1.3 million interest-only mortgage borrowers reach their loan term owing an average £71,000, we look at what can be doneAround 1.3 million interest-only mortgage customers may reach the end of their loan term without any plan to repay their debt, according to the Financial Conduct Authority.While the amount varies from borrower to borrower, the FCA puts the average...
(22 days ago)
By Julian Hebron of The Basis Point. NEW YORK (TheStreet) -- The home loan product that carried low-down-payment consumers and the U.S. economy through the worst of "The Great Recession" has been winding down this year, and by June 3 will no longer be the smart money for most consumers. The product is a Federal Housing Administration (FHA) loan, which enables borrowers to...
(9 days ago)
Thousands of Bank of Ireland and Bristol & West borrowers will see their tracker mortgage rates nearly double, despite the...
(2 months and 25 days ago)
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