Fixed Rate Mortgages | Finance

Abbey increases LTV on fixed rate mortgages

Commenting on Abbey increasing the LTV on all fixes from 60 to 70 per cent, Louise Cuming, head of mortgages at moneysupermarket.com said: "This is a step in the right direction, and is a good example of a bank trying to help its customers - others should follow their lead. Whilst 70 per cent is still high, it will reduce the thousands of pounds required upfront for a deposit, and as house prices have dropped it will open more doors for those looking to remortgage if they have lost equity in their property.

first direct launches new fixed rate offset mortgage

first direct has launched a new market leading two-year fixed rate offset mortgage with a rate of 2.99% (3.7% APR).

Abbey cuts rates again

On Friday 27 February, Abbey is introducing two new no fee products. Both are 3-year fixes without any fee and have either the Remortgage Solution which includes free valuation and free legals or the Homebuyer Solution which includes free valuation and £250 cashback on completion. The rate is 4.59 per cent up to 75 per cent loan-to value.

Britannia slashes fixed rate mortgages

Britannia has reduced its two, three and five-year fixed-rate mortgages by up to 95 basis points. Available from Friday 27 February, the highlight of the new range is a market-leading five-year fix with a rate of just 4.24% up to 60% LTV, and an arrangement fee of £999.

L&G launches 5 year fixed rate with Chelsea Building Society

Legal & General Mortgage Club has launched an exclusive five-year fixed rate mortgage at 4.29%, provided by Chelsea Building Society.The maximum loan-to-value is 65% and the arrangement fee is £995. This mortgage is only available through mortgage advisers that are part of Legal & General Partnership Services Ltd (LGPSL), the mortgage network.

HSBC introduces new long term fixed rate mortgages

As of tomorrow Tuesday 24 February, HSBC is following up its market leading 2.99 per cent two year fixed rate mortgage, with the introduction of two new longer term fixed mortgages: a five year deal at 3.99 per cent and a ten year loan at 4.98 per cent. The popularity of HSBC's two year fix can be seen in a doubling of the bank's mortgage application requests in February compared with January 2009.

Looking beyond the headline rate

Britain's second largest building society is encouraging borrowers to look beyond the headline rate when it comes to choosing a fixed rate mortgage.

Abbey launches market leading four-year fix for first-time buyers

On Friday 3 April, Abbey is launching a four-year fix at 5.84 per cent exclusively for first-time buyers, available up to 85 per cent LTV and with a fee of £495.

Existing customers come first at Britannia

Britannia is putting its members first, yet again, as it reduces the rates on its three year fixed-rate mortgages by up to 25 basis points.

John Charcol: Time to buy a fixed rate

The marked change of mood this week has pushed yields back up, to such an extent that 5 year gilts now yield a little more than prior to the Q.E. announcement, although yields on some of the longer dated maturities are still well down on the month.

Lloyds TSB launches market leading fixed rates

Lloyds TSB will launch a range of market leading fixed rates for homebuyers and remortgagers. Available from Monday (23rd March), rates will start at 3.29%. Stephen Noakes, commercial director of mortgages, Lloyds TSB said: "We're launching this market leading range at a time when research suggests homebuyers are increasingly looking to return to the market. More than two thirds of our customers are currently choosing fixed rates for remortgage and house purchase, to benefit from locking in while mortgage prices are bottoming out."

Woolwich cuts mortgage rates

For customers looking to fix their mortgage rate, the cuts mean they can sign up for two years at 3.69 per cent (a reduction of 0.40 percentage points for loans up to 70 per cent loan to value) and 4.99 per cent for loans up to 80 per cent loan to value (a reduction of 0.70 percentage points).

Abbey launches the lowest fixed rates in 10 years

The number of homeowners who believe that the base rate has fallen as low as it will go has more than doubled over the past two months showing now is definitely the time for borrowers to fix in and guarantee certainty of their monthly payment, especially if they are looking for a longer term fix, according to research from Abbey Mortgages.

Leeds launches new 5 and 10-year fixed rate mortgages

Leeds Building Society has launched a range of highly competitive 5 and 10-year fixed rate mortgages available from only 4.99%. Furthermore, there is no higher lending charge and 10% capital repayments are allowed each year, without penalty.