Nationwide is reducing all five-year fixed rates by 0.1% for new applications. It is now offering a five-year fixed rate at 3.69% up to 70% LTV, with a £900 product fee and a £99 booking fee for house purchase and remortgage customers.
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Xit2 is believed to be making a number of its staff redundant following the closure of its head office in Charlbury.
DIGGING THE DIRT IN THE MORTGAGE WORLD…
Top marks to GE Money Home Lending for offering a helping hand to first-time buyers and while Chelsea’s 10-year fix might provide stability, a word of warning is needed on likely ERCs
Nationwide will no longer lend on an interest-only basis for shared equity mortgages as part changes to its shared equity criteria. The lender is also including 3% of the equity share loan as an outgoing in clients’ affordability calculations. It says this change has been made to ensure borrowers can afford to repay the mortgage. […]
Like to let beside the seaside? The latest research from LendInvest looks specifically at coastal towns to find which areas offer the top average rental yields to landlords. Where are the top seaside postcodes for landlords? The interactive map below looks at the highest rental yields along the UK coast. According to the data, Hull, […]
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