Mortgages | Mortgage news, rates and offers

Britannia has reduced the cost of its fixed rate mortgage range by up to 55 basis points. Available from Friday 21 November, the highlights of the new range include a five-year fixed rate at 5.49% to 60% LTV with no arrangement fee.

Yorkshire Bank has been named "Best Regional Mortgage Lender" by Your Mortgage magazine for the tenth time.

Clydesdale Bank has been named "Best Mortgage Lender in Scotland" for the fifth year running at the prestigious Your Mortgage Awards.

On Friday 21 November, Coventry Intermediaries will be refreshing its range of mortgages. The best buy rates include a 10 year Offset fixed and a fee free 3 year Offset fixed, both are available at 65% loan to value, with free valuation and free remortgage transfer service.

Nationwide Building Society has announced it will be making some changes to its mortgage products, including cutting the price of its two year fixed rate mortgage deals and selected three and five year fixed rate deals by up to 0.80%.

In the last two months the Bank of England has slashed base rate in an attempt to kick start the economy, but borrowers are still not feeling any real benefits as margins continue to increase and ever bigger deposits are needed to get the best deals.

CML data shows that gross mortgage lending totalled an estimated £18.7 billion in October, almost 7% higher than what was an admittedly weak £17.5 billion lent in September.

From Friday 21 November, Abbey is cutting rates by up to 0.5 per cent on all its 3-year fixed rate mortgages from 60 to 75 per cent LTV.

A new research study by insurance, pensions and investment group LV= reveals a worrying ‘mortgage gap'. Nearly half of the UK's 2.9 million interest-only mortgages (45%, 1.3 million mortgages) have no specified investment vehicle in place to pay off the capital on the loan.