Mortgages

Nationwide Building Society will cut the price of some of its two year fixed rate deals, while increasing rates on selected tracker products.

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Helen Morrissey talks to a panel of experts about the current market turmoil and how it will affect the income drawdown market

Abbey has today cut some of its fixed rate mortgages by up to 0.35%, while holding rates on its tracker products.

Mortgage networks will have to evolve their business models to help members through the economic downturn, according to Legal & General (L&G).

House prices fell for a twelfth consecutive month in October, cutting almost 15% of the cost of the average British home, according to Nationwide Building Society.

Sesame is offering Mortgage Brain's point of sale system, The Key, for free to directly authorised (DA) brokers.

Mortgage advice searches on unbiased.co.uk have declined dramatically while personal protection enquires have risen as recession fears mount.

Net mortgage lending by building societies increased to £314m in September, from -£37m in August, but was still 47% lower than during the same month last year.