Switch and save

There are many reasons for remortgaging: you may be forced to swicth to a new deal because you have come to the end of your existing arrangement, because you have moved house, you want to borrow more or simply because you are fed up with your current mortgage lender.

But one of the main reasons why borrowers switch their mortgage is to save money. Your mortgage is likely to be your biggest monhtly financial outlay, so remortgaging to a lower rate could save you a lot of money.

Click here to calculate how much you culd save via a remortgage, or speak to an adviser.

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Coventry launches new fixed rate products

Coventry Building Society has launched a 3.25% five-year fixed rate at 65% loan-to-value for residential mortgages along with two buy-to-let products with a fixed and flexible option.

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UK mortgage approvals reach six-year high

UK lenders approved the highest number of mortgages in six years last month, figures have revealed.

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Repossessions fall to seven year low

The proportion of mortgages ending in repossession was lower in 2013 than in any year since 2007, data from the Council of Mortgage Lenders has revealed.

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Barclays mortgage lending drops 6%

Barclays, the third biggest UK mortgage lender in 2012, lent 6% fewer mortgages year-on-year in 2013 at £17.1bn, according to full-year results out today.

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Number of mortgage products available passes 12,000

The number of mortgage products available has passed the 12,000 mark, research from Mortgage Advice Bureau has found.

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Chelsea Building Society cuts SVR

Chelsea Building Society has reduced its standard variable rate (SVR) by 0.14%.

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UKAR reports £3.8bn paid back to taxpayers

UK Asset Resolution paid £3.8bn to taxpayers in the first nine months of 2013, its results have shown.

Overdue payment

FCA secures bank payment retry system to save consumers £200m

The Financial Conduct Authority has secured agreements from banks to introduce a payment retry system, which could save consumers £200m a year in late payments.

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Remortgage lending leaps 17% in second month of growth

Lenders increased remortgage activity by 17% last month to reach £3.4bn, according to LMS data.

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Cambridge BS plans lending slowdown

Cambridge Building Society expects to slow its pace of lending to £180m in 2013 but brokers will still represent three-quarters of business, its chief executive has said.

santander newscast

Santander obliged to contact 270,000 borrowers over SVR change

Santander UK is to contact more than 270,000 mortgage customers after raising the cap on its standard variable rate in 2008 without being clear to customers.

Martin Wheatley

Bank of Ireland interest rate rise 'fair'

The Regulator has announced it has “no plans” to accuse Bank of Ireland of mis-selling despite increasing anger at the rate hike.

Sales online and in the shops

Accord cuts rates in 10 day sale

Accord Mortgages has launched a 10-day sale on six of its mortgage products.

Scissors cutting paper

Trio of lenders slash mortgage rates

Virgin Money, Nationwide Building Society and Precise Mortgage have announced cuts to their mortgage rates, available from today.

smallhouses

Nottingham BS launches fee-free deals

Nottingham Building Society has today launched a range of mortgage products offering free valuations and free legal fees for remortgages.

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