Mortgages

Mortgage borrowers are turning to trackers with no early redemption penalties in anticipation of a base rate drop in February, according to John Charcol.

Alliance & Leicester has launched several new mortgage products, including buy-to-let and tracker deals, as well as reducing rates on current offerings.

Mortgage approvals in December 2007 reached half the level they achieved in January, according to data from Connells Survey & Valuation.

Communities and Local Government (CLG) has today announced a major review of the private rented sector.

UKValuation (UKV) has defended automated valuation models (AVMs), saying they are just as reliable in a falling market as a rising one.

Abbey for Intermediaries has made a number of changes to its range of mortgages, including the addition of two new stepped products.

Milton Homes has appointed three non-executive directors to its board as part of a strategy to grow its home reversion business.

Evidence from Norwich Union suggests more baby boomers are turning to equity release to repay their debts.

In Retirement Services (IRS) has called on the Government to make moving home tax-free for the over 65s.

Last year was the strongest ever for gross mortgage lending despite problems in the market, according to the Council of Mortgage Lenders (CML).