Category: Remortgaging

TSB revamps resi range

TBS has cut rates by up to 0.20%.

Over half of borrowers have predicted interest rates to rise within the next 12 months.

At 75% LTV, first direct cut the rate on a 5-year fix while Leek United Building Society decreased the rate on its 2-year discounted mortgage.

The criteria sourcing system recorded a lot of changes in what brokers were searching for, especially within the equity release category.

The chief executive of UK Finance, Stephen Jones, was speaking at the regulator’s annual mortgage dinner.

Barclays set to cut rates

The lender will cut rates across its residential range.

More lenders are offering free valuations and free legal incentives to borrowers.

Over the past five years in Copeland, Cumbria, house prices of entry level homes have risen 3.5 times quicker than the overall market.

Mortgage approvals for purchases fell slightly while approvals for remortgages rose.

The new remortgage product is priced at 2.44%.