Mortgages

Bristol & West Mortgages has launched a number of new products as part of a campaign to help first time buyers onto the property ladder.

Lloyds TSB has launched a new mortgage to allow borrowers to benefit from a fall in interest rates, while also being able to fix the rate at a later date.

The popularity of equity release plans is increasing among the British population and a greater share of business is coming from intermediaries, according to Key Retirement Solutions (KRS).

CHL Mortgages has today announced the appointment of four new business development managers, who will work with intermediaries and packagers.

Mortgage intermediaries believe there has been little real product innovation in the mortgage industry since the 1990s, according to Charterhouse Research.

The Intermediary Mortgage Lenders Association (IMLA) has branded a BBC Panorama investigation into mis-selling of sub-prime mortgages ‘unduly sensationalist' and ‘not representative of the market'.

Nationwide has called the Government's decision not to reduce the stamp duty burden on first time buyers disappointing.

GMAC-RFC has today announced it will be closing its sub-prime subsidiary, High Street Home Loans, to concentrate on its core business.

The buy-to-let market is propping up mortgage lending as home purchase and remortgage lending declines, according to the Council of Mortgage Lenders(CML).

Advantage, the specialist lending arm of Morgan Stanley, has announced a second exclusive deal for members of packager association, PMPA.