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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Prime central London sales and rental markets see-saw

The prime central London sales and rental property markets see-sawed last month as prospective buyers exercised caution while rents rose for a third consecutive month.

Post Office

Post Office launches new mortgage products

The Post Office has launched a range of direct-only products with rates starting from 1.63% and both fixed and tracker products available.

London Underground

First-time buyers drive London housing market

The number of first-time buyers taking out loans in Greater London increased by 29% year-on-year, according to data from the Council of Mortgage Lenders (CML).

The Bank of England

Interest rate could settle at 3%, says BoE deputy governor

The official UK interest rate could settle at an average of 3% in a few years, the outgoing deputy governor of the Bank of England has predicted.

jenga-house

Number of unaffordable mortgages could double by 2018

The number of households with unaffordable mortgage repayments could double in the next four years as interest rates rise, a think tank has said.

housepercentagesigns

Financial Ombudsman reports record number of mortgage complaints

Homeowners lodged a record number of mortgage complaints to the Financial Ombudsman Service last year.

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Virgin Money mortgage balances top £20bn

Virgin Money has increased its mortgage book to more than £20bn following a strong year of net mortgage lending.

The Co-operative Bank

Co-op chair stands down as bank plans further share sale

The chair of the Co-operative Bank is to step down from his role as the wider Co-op Group cedes more control of the bank’s assets.

Volatility arrows

New regulations and volatile rates force mortgage costs up

A combination of volatile swap rates and the arrival of the Mortgage Market Review regulations have caused mortgage rates to increase at the fastest level in more than two years.

rbs3

RBS mortgage loan book tops £100bn for first time

The Royal Bank of Scotland's mortgage book has grown to £100bn for the first time, its latest management statement has shown.

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Lloyds plans to float TSB in June

Lloyds Banking Group has outlined plans to float around a quarter of TSB this summer in its quarterly management statement.

ladder

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.

houseintrolley

UK mortgage approvals reach six-year high

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

repossession

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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Equity release market grows 26% in H1

Equity released by homeowners rose by 26% to £641.8m in H1 2014 compared to the same period last year, analysis from provider Key Retirement Solutions has shown.

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