The first two months of 2010 have seen fixed rates chopped and tracker deals whittled down in cost and the best bit is that this is not only for those low-risk borrowers…

Remortgaging in the current economic climate is no easy task: in fact, recent figures disclosed by the Council of Mortgage Lenders have shown that the number of mortgages granted for 2008 – 516,000 – was the lowest figure since 1974; a 49% decrease on the previous year.
With the economic crisis deepening further still and expected [...]

Mortgage lending as decreased by 60% in January 2009 with the net value of new loans falling to only £690m, figures from the Bank of England showed today.

Net lending, which strips out repayments and redemptions, had bounced back in December to £1.8bn, but has now returned to the levels seen in October and November despite [...]

The credit crunch is over! Well… maybe not, however it seems the Banks are getting back their appetite for 90% LTV mortgages. Mortgages at 90 per cent loan to value have reappeared on the mortgage market in the last week. HSBC First Direct, their online arm have launched a 90 per cent loan to value [...]

2% Base Rate versus the LIBOR. What makes the banks lend?
What is the LIBOR?
London Inter-Bank Offer Rate. It is the interest rate that the banks charge each other for loans. This rate is applicable to the short-term international interbank market, and applies to very large loans borrowed form anywhere from one day to five [...]