Mortgages News

Simon Lambert, This is Money18 March 2006 TURN to the property pages or scan the adverts online and among the wealth of homes on offer there is a burgeoning selection catering for a sophisticated, niche market. EXCLUSIVE: McCarthy & Stone’s Wyndham Court development in Yeovil, Somerset, is reserved for older buyers WANT TO KNOW MORE? REPORT: No-win, no-fee can cost REPORT: Endowment red peril OTHER STORIES Home packs timetable revealed The homebuyer's wish l ...

WASHINGTON (Dow Jones) -- With only a few economic indicators on the calendar, Federal Reserve Chairman Ben Bernanke will dominate the economic news in the coming week. Bernanke will deliver a major address to the Economic Club of New York on Monday evening at 7 p.m., just a week before he pounds the gavel for the first time at a Federal Open Market Committee meeting. Financial markets will  ...

Fri 17th Mar 2006 An Alliance & Leicester Five-Year Discounted mortgage is currently open to borrowers, with a current rate of 4.79 per cent. At the end of the introductory five-year period, this package will revert to the standard variable rate at the time – this is currently 6.59 per cent. The overall cost for comparison on the Alliance & Leicester Five-Year Discounted mo ...

Fri 17th Mar 2006 A BM Solutions Two-Year Tracker mortgage is currently on offer, with a starting rate of 4.25 per cent. This package will track at 0.25 per cent below the Bank of England base rate for the opening 24-month period, after which it will revert to the standard variable rate – currently 6.49 per cent. The overall cost for comparison on the BM Solutions Two-Year Tracker  ...

Fri 17th Mar 2006 Bank of Scotland Two-Year Tracker mortgages with interest rates of 3.99 per cent and 4.25 per cent are currently on offer. These products are intended for intermediaries to use in the springtime period which, according to the bank, is a busy time of the year for lenders. One of the products will start at 3.99 per cent and track at 0.51 per cent below the Bank of Englan ...

Family offset mortgages, launched a few years ago to help cash-strapped first-time buyers on to the property ladder, have failed to have the impact that was initially predicted. // One large mortgage lender – Woolwich – has stopped offering family offsets in recent months while mortgage brokers report that guarantor mortgages are proving more popular. Family offsets are a variation of the standard offset mortgage that allow borrowers to set savings or amounts coming into their current account  ...

Fri 17th Mar 2006 The Britannia Two-Year Discount Tracker mortgage is once again available to customers, with a new interest rate of 4.4 per cent. No higher lending charges will be placed on the product up to a loan to value of 95 per cent but it does have an arrangement fee of £399 and an administration fee of £100. A special offer allowing customers to remortgage with Brit ...

Rosanna Spero, Daily Mail17 March 2006 BORROWERS wanting to take advantage of falls in base rate predicted for this year should be looking at tracker mortgages. FULL BENEFIT: Paul Benham has taken out a two-year tracker to take advantage of falling rates OTHER STORIES Home packs timetable revealed The homebuyer's wish list New on the market Landladies lording it over men New weapon against estate agents USEFUL LINKS GUIDES: Homes, loans and more BOARDS: Mortg ...

WASHINGTON (Dow Jones) -- Consumers had greater trouble meeting their mortgage obligations in the fourth quarter, as borrowers faced higher energy prices, interest rates and continuing difficulties from Hurricane Katrina, a mortgage bankers' group said Thursday. Delinquencies on residential properties climbed to 4.70% in the fourth quarter of 2005, up from 4.38% a year ago, according to a Mortg ...

WASHINGTON (Dow Jones) -- Financial markets are convinced that the Federal Reserve will stop hiking interest rates sooner rather than later. Futures markets now expect the federal funds rate to peak at 5% in May, rather than at 5.25% in June as expected just four days ago. There's even a small chance -- about 1-in-6 -- that the Fed will call it quits after one more rate hike, leaving the fed fu ...