LTV

What made financial headlines over the weekend?

HSBC has launched the lowest ever fixed rate mortgage seen in the UK mortgage market with a 1.49% headline rate product.

The Buy to Let Business has today launched the industry's first buy-to-let mortgage club.

Limits on loan-to-value (LTV) mortgages were back on the agenda last night after George Osborne told MPs the Bank of England could intervene to prevent another housing crisis.

Moneyfacts has revealed that state-funded banks charged higher than average rates on their products over the last year, despite the Bank of England base rate remaining at 0.5%.

Distressed bank Northern Rock recorded a statutory loss of £257m in 2009, compared to a loss of £1.4bn the previous year.

The value of new home loans approved for buyers in August is likely to be less than the previous month, the Council of Mortgage Lenders (CML) predicts.

Intermediary mortgages are £200 more expensive each month than comparable direct products, according to research.

HSBC is set to launch a range of mortgage deals with up to 90% loan-to-value (LTV) ratios, backed by £1bn of funding.

Abbey for Intermediaries has confirmed it is introducing two new no-fee products.