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Yorkshire BS cuts cost of long-term fixes

Yorkshire Building Society has reduced rates on its five, seven and 10-year fixed rate deals.  The mutual says it is seeing an increasing number of borrowers looking to lock in mortgage rates for the longer term, fuelled in part by ongoing Brexit uncertainty.  Its five-year fixes now start at a rate of 1.84 per cent, […]

Property transactions fell in April: HMRC

The number of residential property transactions across the UK fell last month, according to data collected by HMRC. Seasonally adjusted, there were 99,420 residential transactions in April, a 0.3 per cent decline month-on-month. However, the figures show that annually the number of residential transactions were up 0.8 per cent. In addition, there were 11,300 non-residential […]

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Tesco Bank quits mortgage market

Tesco Bank has become the latest lender to pull out of the mortgage market. The supermarket bank will stop offering mortgage deals to new customers with immediate effect. It also confirmed it is looking for a buyer for its existing mortgage portfolio. Tesco said this strategic review was the result of more challenging conditions in […]

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Newcastle Intermediaries expands self-build range

Newcastle Intermediaries is expanding its self-build range, by offering two new advance stage payment products. This ‘Accelerator’ product is available as a tracker or fixed-rate deal and will be only be available through BuildStore Mortgage Services, and its intermediary arm BuildLoan. Newcastle Intermediaries says it is designed to support borrowers who would benefit from having […]

Comment: More certainty over mortgage payments

Homeowners are turning to cost-effective five-year fixed rate deals Where you see yourself in five years is a clichéd question that many of us have faced in an interview situation. While no one can know what the future holds with any certainty, an increasing number of homeowners are giving themselves certainty over their mortgage payments […]

Chris Fay appointed communications manager at Equity Release Council

The Equity Release Council has appointed Chris Fay to the role of communications manager to support the organisation’s continued growth. Fay is a former newspaper journalist and communications professional with more than 15 years’ experience. He previously worked for the Chartered Trading Standards Institute, with his role involving working closely with the Department of Business Energy and […]