The average cost of a two-year fixed-rate mortgage fell to a six-and-a-half-year low during February, according to new figures from the Bank of England.
The average rate stood to 3.88%, down from 3.97% a month earlier to a level last seen in July 2003.
Five-year fixed-rates also eased last month, declining...
Posted to
Finance
on 03-10-2010
Filed under: All Financial News, Bank of England, Mortgage News, February, fixed-rate, average, two year, down, five year, fell
Santander’s ISA has been rated top in Moneynet.co.uk’s best buy charts for the fourth year in a row.
The ISA, paying 3.5%, pipped Barclay’s offering to the top spot.
Both Barclays and Santander are paying high rates than the best one-year fixed-rate ISAs.
“The Isa market is really...
Posted to
Finance
on 03-09-2010
Filed under: All Financial News, savings, Banking News, Barclays, ISA, fixed-rate, Santander, Moneynet.co.uk, 2010-2011
Coventry Building Society has announced plans to reduce the rates on its residential re-mortgage products.
The new lower rates include a 2-year fixed-rate deal at 3.5% with £999 fees at 65% loan to value.
The lender also revealed a new fixed-rate mortgage offering borrowers the opportunity to make unlimited...
Posted to
Finance
on 03-05-2010
Filed under: All Financial News, Mortgage News, new product, fixed-rate, overpayments, two year, Coventry Building Society, 65% LTV
The fixed-rate mortgage has just passed its 21st birthday, having been launched by Halifax in 1988 at an astonishing rate of 12.75%. However, the lender is celebrating the enduring appeal of this type of home loan with the following facts and figures:
By 2009, 68% of new mortgage lending took the form...
Posted to
Finance
on 02-23-2010
Filed under: All Financial News, Mortgage News, Halifax, fixed-rate, 21 years