Mortgages

Mortgage Brain has launched a premier sourcing service, guaranteeing mortgage product information and providing protection for intermediaries and their clients.

Barclays and HSBC are under increasing pressure to pass on yesterday's historic base rate cut to their lenders after every other major lender did so on Friday.

Trigold is looking for broker feedback on the equity release market as it seeks to expand its range of services.

The cost of inter-bank lending has decreased markedly in reaction to the Bank of England's base rate cut, falling by over 1% today.

Abbey and Bradford & Bingley have announced they will pass on the full 1.5% cut in base rates to their variable rate customers.

Newcastle Building Society has launched two fixed rate mortgages exclusively for intermediaries.

Industry experts say the Bank of England's historic interest rate cut will be pointless if savings are not passed on to ordinary borrowers.

Alliance & Leicester has cut fixed rates on a number of mortgages for customers with large deposits.

The Bank of England has slashed interest rates by a further 1.5% to boost Britain's ailing economy.

House prices have plummeted 15% over the past twelve months and are now falling at their fastest rate for over 25 years.