Abbey to reduce fixed rates again

Tomorrow, Abbey for Intermediaries are reducing the rate by up to 0.20% on select 70% LTV, Fixed rate products:

"Reductions as follows: 2 year Fixed rate, Homebuyer, Homebuyer Plus and Remortgage products, 3.44% with a £995 fee..."

View article

Goldman Sachs accused of subprime fraud

The Securities and Exchange Commission have charged Goldman, Sachs & Co. for:

"Defrauding investors by misstating and omitting key facts about a financial product tied to subprime mortgages as the U.S. housing market was beginning to falter..."

View article

Godiva reduce Buy to Let base rate tracker by 0.50%

Godiva Mortgages announce that today they have:

"Reduced the pay rate on their 2 year Buy to Let base rate tracker by 0.50%. Previously this product was available at +3.85% above base for two years, and has now been slashed to +3.35%..."

View article

Post Office offer new 90% LTV mortgage product aimed at FTB's

Business Secretary Lord Mandelson today announced a major expansion of the financial services offered by the Post Office:

"The Post Office will offer a new mortgage product with a 90% loan-to-value ratio aimed at first-time buyers. The Post Office will also increase its lending substantially, aiming to double the value of its mortgage book in the financial year 2010/11..."

Click here to read more

Godiva launches new Buy to Let range

Godiva Mortgages is today launching:

"New range of Buy to Let products including a 3 year fixed rate at 5.35%. This is the only BTL fixed deal without early repayment charges currently available on the market..."

Click here to read more.

Legal & General launches exclusive 2 year fixed rates with Accord mortgages

Legal & General Mortgage Club has launched two exclusive fixed rate mortgage products, provided by Accord Mortgages:

"Both mortgages are available to a maximum loan size of £750,000 and come with arrangement fees totalling £995..."

Click here to read more

UK housing market affordability reaches seven year high

New research from property website Zoopla.co.uk reveals:

"The fall in house prices and mortgage rates over the past couple of years has resulted in UK housing affordability at its highest level since 2003..."

Click here to read more.

Over 3 million UK borrowers don't know their mortgage rate

According to Post Office Mortgages:

"Despite the Bank of England base rate being at an all time low, at least three million UK borrowers (28 per cent) do not know the rate of interest at which they are currently repaying their mortgage..."

Click here to read more

Mortgage company accidentally discloses over 15,000 account details

The Information Commissioner's Office (ICO) announces:

"Redstone Mortgages Ltd in breach of the Data Protection Act (DPA) after personal information relating to 15,333 mortgage accounts was emailed to a member of the public by mistake..."

Click here to read more.