Monthly Archives: November 2009

Treasury hands FSA powers to protect homeowners from repossession

Posted on 25/11/2009 by Justin Moy

Buy to let mortgages are to fall under the remit of the Financial Services Authority for the first time as a result of plans to be announced by the Treasury today. The City regulator is also to be given oversight … Continue reading →

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Buy-to-let spree as investors exploit discounts dangled by developers

Posted on 25/11/2009 by Justin Moy

Investors are snapping up newly built flats in northern cities at substantial discounts, clearing out the unsold stock of several leading housebuilders. Many such buyers are accountants, doctors and solicitors who are becoming landlords for the first time, weary of … Continue reading →

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Paragon expects to resume lending next year

Posted on 25/11/2009 by Justin Moy

Paragon, the buy-to-let mortgage specialist, expects to restart lending in 2010 after seeing evidence that the money markets are beginning to open up again. The lender, which is entirely wholesale market funded, has been in hibernation since late 2007. However, … Continue reading →

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Chorley & District BS – Reduced 90% Mortgage

Posted on 24/11/2009 by Justin Moy

FIXED RATE MORTGAGES; 4.99% for 1 year; 3.99% for 2 years (0.50% fee) & 5.99% for 2 years, withdrawn.   NEW FIXED RATE MORTGAGES available via direct business only; 3.68% for 2 years, max 75%, fee 0.75% of advance & … Continue reading →

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Accord Mortgages – Increase of SVR

Posted on 24/11/2009 by Justin Moy

STANDARD VARIABLE MORTGAGE RATE increased by 0.65% to 5.99% w.e.f 22.11.09 for existing borrowers only.

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Northern Rock Repricing

Posted on 24/11/2009 by Justin Moy

FIXED RATE MORTGAGES for Brokers withdrawn. FIXED RATE MORTGAGES of 5.99% to 1.1.15, max 75% LTV withdrawn & replaced with rates increased by 0.10%. FIXED RATE MORTGAGES of 5.55% & 5.65% to 1.1.15 withdrawn & replaced with rates increased by … Continue reading →

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New Lifetime Trackers from Alliance & Leciester

Posted on 24/11/2009 by Justin Moy

NEW VARIABLE TRACKER RATE MORTGAES with tie in for 3 years: 2.89% for term, max 70%, fee £495. and 2.99% for term, max 70%, no fee. Both have incentives of refund valuation & for remortgages free legal fees or £200 … Continue reading →

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RBS New Mortgage Deals

Posted on 24/11/2009 by Justin Moy

Fixed and Tracker Products reduced by up to 0.3%, with the introduction of a 2yr Tracker of 4.79% for those with limited deposits. The launch of the new 2-year tracker adds much needed competition to this limited area of the … Continue reading →

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C&G Price Drops

Posted on 24/11/2009 by Justin Moy

Cheltenham & Gloucester have announced price reductions across their range of Fixed Rates and Tracker Products. They have  launched two new 2 year tracker rates available up to 85% loan-to-value. The 4.79% deal is the lowest rate currently available within this … Continue reading →

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