A move by the Office of Fair Trading (OFT) to demand that 16 sale and rent-back firms back up claims they make in their adverts has been welcomed. Andrea Rozario, the director general of Safe Home Income Plans (Ship), said…

It is “vital” that people looking to take out their first mortgage seek debt advice, it has been stated. Financial advisor Catherine Hearnden from MyMortgageDirect has claimed it is crucial that borrowers consult somebody with inside knowledge before attempting to…

People who hope to buy their first home this year have been implementing debt management practices to save a deposit, research has found. Figures from Abbey Savings have shown that 38 per cent of those building up a deposit intend…

Alliance & Leicester has become the latest lender to reduce the rates on its range of mortgages. The company has cut costs across its line of fixed-rate homeowner loans, as well as introducing a number of new tracker deals. Borrowers…

Fixed-rate mortgages make up the majority of homeowner loans in Britain, new figures have revealed. According to research from Faironvestment.co.uk, 52 per cent of Britons are on a fixed-rate deal and are missing out on benefiting from recent falls in…

A new remortgage deal has been launched by Legal & General for customers looking for a two-year fixed-rate homeowner loan. Customers who are members of the lender’s Mortgage Club will be able to access the 3.9 per cent interest deal,…

NatWest and its subsidiary the Royal Bank of Scotland (RBS) have reduced their mortgage rates for new and existing customers. Available from today, the reductions – which range from 0.25 per cent to 0.7 per cent – apply to the…

The supply of high loan-to-value (LTV) mortgages has diminished due to the tightening of criteria by lenders, it has been stated. According to the Council of Mortgage Lenders, the fact that high LTV mortgages have become a lot less common…