http://www.best-mortgage-direct.co.uk Compare the best UK mortgage and remortgage deals Tue, 22 Jul 2008 10:15:44 +0000 http://backend.userland.com/rss092 en A former sub prime, mortgage lender is offering an 8% discount to its borrowers if they redeem their loans early. Edeus, which started up in early 2006, is making a cashback offer to over 400 customers and may extend to the rest of their customers if it proves popular. The mortgage lender wants to ... http://www.best-mortgage-direct.co.uk/2008/07/22/take-the-cash-and-leave-says-subprime-lender/ Research by a leading lender has revealed that over 65% Market towns have a higher average house price than the neighbouring towns and cities in the county. Market towns in Buckinghamshire have the largest premium with homes trading at a premium of 144% to the average house price in the county. http://www.best-mortgage-direct.co.uk/2008/07/21/market-towns-maintain-higher-house-prices/ Fixed rates should possibly start to come down,as other lenders follow the Nationwides example. Commenting on Nationwide’s reduction of its fixed rate deals, our spokesperson said: Swap rates, the point that lenders use to determine the price of their fixed rates, have fallen dramatically over the last couple of weeks, coming down nearly 0.7% ... http://www.best-mortgage-direct.co.uk/2008/07/18/fixed-rates-may-come-down/ The Government has just released a new ownership scheme for first time buyers in England earning £60,000 a year or less. The package of measures announced today by the Housing Minister included a scheme to help struggling first time buyers called Rent to Home Buy. To qualify households earning £60,000 a year or less will ... http://www.best-mortgage-direct.co.uk/2008/07/17/new-helping-hand-for-first-time-buyers/ The Council of Mortgage Lenders (CML) has drawn up a blueprint to sort out the lack of funding in the mortgage market. The documents have already been submitted to the Treasury and the plan could possibly help to significantly reduce the downturn in the housing market. A spokesman believes that a quick implementation of the ... http://www.best-mortgage-direct.co.uk/2008/07/16/council-of-mortgage-lenders-issues-mortgage-funding-blueprint/ The merger of two of the Largest mortgage lenders Abbey and Alliance & Leicester is causing fears over a potential reduction in the customers choice. Following the confirmation that the Abbey has made a bid for the smaller Alliance & Leicester, it has raised the fear over the potential impact on consumer interests. While the sale of the ailing ... http://www.best-mortgage-direct.co.uk/2008/07/15/abbey-alliance-leicester-merger-prompts-mortgage-fears/ A recent poll  has found that 30% of first time buyers are using unsecured loans, borrowings, or credit card debt to put together a deposit for their first home.Of the 250 first time buyers either in the process or having just bought their first home who were polled, over 40% has ... http://www.best-mortgage-direct.co.uk/2008/07/14/first-time-buyers-taking-bigger-risks/ Abbey has cut its mortgage interest rates on its two and three-year fixed rate mortgages by up to 0.15%. This is the second set of rate cuts to be made by the mortgage lender in  the last 10 days.A two-year fixed rate mortgage from Abbey now starts from 6.34% with a £999 fee and a ... http://www.best-mortgage-direct.co.uk/2008/07/11/abbey-cuts-fixed-rates/ UK mortgage interest rates have been kept the same at 5% by the Bank of England today following its latest meeting. The decision was widely expected, some  calls from business groups had asked for rates to cut amid growing concerns about the economic slowdown. With the UK at risk of recession, and building firms having laid off ... http://www.best-mortgage-direct.co.uk/2008/07/10/bank-keeps-interest-rates-at-5/ Woolwich has slashed  the rates on its broker mortgage  products by up to 0.30% on some of the deals.   They are cutting rates on its lifetime tracker mortgage products in a bid to encourage consumers to take  full advantage of the flexible, fee free mortgages.The Mortgage Lender  says it is doing this  at a time ... http://www.best-mortgage-direct.co.uk/2008/07/09/woolwich-slash-broker-rates/