MORTGAGE AND LOAN NEWS
UK Mortgage Offers
UK inflation falls to 4.2%
Inflation (CPI) in the UK fell to 4.2% in December, down from 4.8% in November. Retail Prices Index inflation including mortgage interest payments fell to 4.8% from 5.2%..
Skipton cuts 2 year tracker
Skipton building society cuts its 2 year base rate tracker from 3.78% to 3.58% with an application fee of £195 and a completion fee of £800, 85% LTV.
Interest rates held at 0.5%
UK interest rates kept at all time low of 0.5%. Interest rates have been at 0.5% since March 2009.
Nationwide reduces 5 year fixed to 4.39%
Nationwide reduces its 5 year fixed rate at 85% LTV from 4.49% to 4.39% with £900 product fee and £99 booking fee. Two and three year fixed and tracker rates up to 70% LTV have increased..
HSBC offer discount on 90% LTV
HSBC is offering a 3.84% 2 year discount mortgage for those needing 90% LTV with no fee..
Leeds cuts 10 year fixed to 4.99%
Leeds has reduced the rate on its 10 year fixed rate mortgage by 1% to 4.99% on 80% loan to valuation.
Nationwide reports 48% increase in lending
Nationwide reports strong profits with 48% increase in gross lending of £8.9 billion.
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