Virgin Money reduces buy to let mortgage rates

The new range, which features residential and Buy to Let products for both purchase and remortgage customers, is available from Tuesday, 29 May 2012.

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NatWest cuts fixed and tracker mortgage rates

Core range
• 2 year fixed rate, 60% LTV, purchase mortgage will decrease to 3.49% from 3.59%
• 2 year fixed rate, 60% LTV, remortgage will decrease to 3.55% from 3.65%
• 2 year fixed rate, 75% LTV, purchase mortgage will decrease to 3.79% from 3.89%
• 2 year fixed rate, 75% LTV, remortgage will decrease to 3.85% from 3.95%
• 2 year fixed rate, 75% LTV, purchase & remortgage will decrease to 3.99% from 4.09%, £499 fee limited to £100,000 loan

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FTB's suffer as banks raise deposit requirements

Mortgage approvals for first time buyers fell to their lowest level for 9 months in April as banks scaled back their lending to borrowers with small deposits, according to the April Mortgage Monitor from e.surv chartered surveyors.

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Mortgage customers face £300 million bill

Three quarters of mortgage-holders told us that they would be affected if their repayments increased by £50 a month, with 41% saying they would need to cut back on regular spending, 20% would need to reducing savings and 11% would not have enough for essentials.
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