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Mortgage rates, latest mortgage products and developments

Nationwide stop interest only mortgage lending

Nationwide stop interest only mortgage lending

Nationwide stop interest only mortgage lending Nationwide drop interest only Nationwide Building Society today announced that as of 11th October they will no longer accept new mortgage lending business on an interest only basis. Whilst existing interest only mortgage holders will not be affected, any additional borrowing requested by existing mortgage holders cannot be on […]

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Bank of China – Wealth Management Mortgage – 2.88%

Bank of China – Wealth Management Mortgage – 2.88%

Bank of China 2.88% mortgage rate Quarter one 2012 saw Bank of China leading the UK lifetime tracker market with their residential mortgage product priced at Bank of England Base +2.38% (pay rate currently (2.88%). Unsurprisingly, Bank of China Mortgages soon found themselves with more mortgage applications than they could handle. To stem the flow, […]

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Nationwide 5 year fixed rate mortgage 3.39%

Nationwide 5 year fixed rate mortgage 3.39%

Nationwide beats the rest at 3.39% 5 year fixed The heat has really been on the 5 year fixed rate mortgage market these last two weeks with Woolwich, Abbey, and now Nationwide Building Society all looking to win the beauty contest. First Woolwich appeared with a 3.99% which was 1% under the average 5 year […]

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Halifax Standard Variable Rate

Halifax Standard Variable Rate

Halifax Standard Variable Rate – are you on it? Do you have a mortgage with Halifax? If so are you on their standard variable rate? Are you aware this SVR is due to increase by 0.49% (to 3.99%) for borrowers who come off of product rates taken from January last year? Halifax standard variable rate […]

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