Nationwide’s mortgage overpayment rules exclude loyal borrowers

Posted by & filed under Banks and building societies, Business, Money, Mortgage rates, Mortgages, Nationwide, News, Property, The Guardian, UK news.

‘Kick in teeth’ for existing borrowers as 10% overpayment allowance introduced for new Nationwide customers onlyNationwide has increased the amount borrowers can overpay on their mortgages, but only for new customers – prompting anger among some exis…

Mortgage lending up 20% in February

Posted by & filed under Banks and building societies, Business, First-time buyers, guardian.co.uk, Housing market, Money, Mortgage lending figures, Mortgage rates, Mortgages, News, Property, UK news.

Rise in first-time buyer numbers behind overall increase in lending for house purchases, CML figures suggestMortgage lending for house purchases was up by 20% year-on-year in February, but lenders said the increase may have been fuelled by changes to s…

‘Nation of renters’ warning from estate agency chief

Posted by & filed under Banks and building societies, Communities, guardian.co.uk, House prices, Housing, Housing market, Mortgage rates, Mortgages, News, Property, Real estate, Society.

Generation aged 18-34 risks being priced out of market unless government helps housebuyers, says head of CountrywideThe chief executive of the UK’s largest estate agent has renewed calls on the government to intervene in the housing market to prevent f…

Co-operative raises mortgage costs for 54,000 borrowers

Posted by & filed under Banking, Banks and building societies, Business, Co-operative Group, guardian.co.uk, Money, Mortgage rates, Mortgages, News, Property, UK news.

Bank joins Halifax, Bank of Ireland and Clydesdale and Yorkshire banks in raising its standard variable rate, which will rise to 4.74% in MayThe Co-operative Bank has become the latest lender to increase the standard variable rate (SVR) it charges mort…

Mortgage borrowers face triple whammy, warns Bank of England

Posted by & filed under Banks and building societies, Business, Editorial, Housing market, Money, Mortgage lending figures, Mortgage rates, Mortgages, Property, Real estate, The Guardian.

Lenders expect to reduce the amount of credit given to households, tighten lending criteria – and charge more for the loans, says Bank reportLenders expect to reduce the amount of credit they give to households in the second quarter of the year in a …

Nationwide tightens up on interest-only mortgages

Posted by & filed under Banks and building societies, Borrowing & debt, Business, guardian.co.uk, Housing market, Money, Mortgages, Nationwide, News, Property, UK news.

Nationwide slashes LTV on its interest-only deals, raising fears it will leave thousands of borrowers as ‘mortgage prisoners’Nationwide building society has slashed the maximum loan-to-value (LTV) ratio on its interest-only mortgages from 75% to 50%, l…