The Co-operative Bank is to introduce a new fixed-rate mortgage option this week, the lender has announced. Beginning this Wednesday (January 14th), the bank will offer a five-year deal with an interest rate of 4.49 per cent for a loan-to-value…

Homeowners worst affected by the financial crisis will begin to see the benefits of government-introduced measures during 2009, it has been predicted. According to the Homeowners Advice Centre, Labour’s initiative – which includes providing financial support to those struggling to…

A 0.5 per cent cut in the base rate has been announced by the Bank of England, bringing the figure down to 1.5 per cent. The move, which was revealed at midday today by the monetary policy committee (MPC), means…

Britannia Building Society has announced it is to cut the rate of its fixed-rate mortgages. In a move which may benefit homeowners looking to switch their mortgage as part of a debt management plan, the lender is reducing rates on…

Homeowners with tracker mortgages could save £45 a month if the Bank of England announces a large cut in the base rate today, the Council of Mortgage Lenders has claimed. According to the body, lenders who pass on a 0.5…

Only a small number of those struggling to meet their mortgage payments will be helped by the government’s latest measures to help households struggling with debt management, the Homeowners Advice Centre has stated. According to Chris Jenkins, co-owner of the…

Mortgage lending has remained low due to a lack of activity in the housing market, new figures have revealed. According to the Building Societies Association (BSA), net mortgage lending totalled £422 million in November of last year, an increase on…

Mortgage prices have been reduced as part of a new year sale by Leeds Building Society, the lender has announced. The cost of a number of its homeowner loans – including fixed-rate and first-time buyer options – have been cut,…