Mortgages

Advantage, a Morgan Stanley Group company, has launched a new Buy-to-Let portfolio product range available to brokers, networks and packagers.

A massive 90% of first time buyers took out a fixed-rate mortgage deal in June which is the highest figure on record, according to research from the Council of Mortgage Lenders (CML).

Lenders are playing down concerns the US sub-prime mortgage crisis will spread to the UK.

First time buyers could pay £1m for a home in 17 years, according to Stroud & Swindon.

All Types of Mortgages (AToM), a mortgage distributor and packaging specialist, has warned the possible imposition of 25 year fixed rates could result in miss-selling allegations in the future.

Infinity Mortgages and Unity Mortgages have announced the urgent withdrawal of their entire product ranges as the US sub-prime credit crisis continues to affect the UK.

The age of the average first time buyer has risen to 34 from 27 in 30 years, according to a study by loan provider GE Money Home Lending and customer research organisation The Future Foundation.

A digital HIP provider has been rescued from administration by IFA financial solutions provider Integrity, saving 40 jobs.

DB Mortgages has withdrawn its entire sub-prime product range from the market.

The number of borrowers opting for variable interest mortgages was up 50% in July, despite the recent rate rise to 5.75%.