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Matt Viles Archive
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Lenders increasing fixed rates – don’t delay!
The last couple of weeks have seen a spate of lenders increasing the rates on their fixed rate mortgages deals. Since the Bank of England left interest rates on hold on 7 May, lenders such as Yorkshire Building Society, Royal Bank of Scotland and Britannia have all been raising fixed rates. After two months of [...] -
House Prices Continue Downward Trend
As we have come to expect, both Nationwide and Halifax reported house prices falling further in April, but by differing amounts. Nationwide reported a drop of 0.4% to an average price of £151,861, and Halifax a much larger drop of 1.7% to £154,716, giving annual reductions of 15% and 17.7% respectively. Nationwide welcomed the extension [...] -
What the papers say – 29th April 2009
Both the Daily Mail and Express today looked at Nationwide’s decision to replace its current Base Mortgage Rate with a higher Standard Mortgage Rate, and suggested that other lenders, with the exception perhaps of government-backed institutions, may soon follow. The Daily Mirror focused on the current trend of borrowers overpaying on their mortgage while interest [...]
