Those looking for a new tracker mortgage may be interested in two new products launched by first direct. The online bank has introduced the offset base rate tracker mortgage and the life tracker mortgage, both of which track the Bank…

A leading building society has announced it is to adjust the terms and conditions of its tracker mortgages following the one per cent reduction in interest rates announced yesterday by the Bank of England. Nationwide is to remove the 2.75…

A new government plan aiming to reduce the risk of repossession for those who have suffered a loss of income has been launched. The Homeowner Mortgage Support Scheme allows homeowners to defer a proportion of the interest rates on their…

A further one per cent cut in the base rate has been announced by the Bank of England’s monetary policy committee (MPC). The move brings the base rate down to two per cent, the lowest it has fallen for 57…

The number of interest-only mortgage deals on the market is decreasing as lenders are increasingly favouring long-term fixed-rate finance packages, new research has found. Data collected by Paragon Mortgages from over 200 financial advisors has found that interest-only options accounted…

Mortgage lenders need to ensure they treat their customers fairly during the current economic downturn, the Financial Services Authority (FSA) has stated. Retail markets managing director of the body Jon Pain made the comments during a speech at the Council…

Many Britons have miscalculated the value of their homes’ contents and are underinsuring their property by a total of £225 billion, new figures from Axa have suggested. Research from the insurer has found the average home is insured for just…

Homeowners who want to secure a competitive rate for their next mortgage may need to “introduce equity” in order to do so, it has been suggested. According to Al Elliot of the Homeowners Advice Centre, those whose current mortgage deal…