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Rate Cuts Archive
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Building Societies report growth in mortgage lending
The Building Societies Association (BSA) has reported encouraging lending figures for August. Mortgage approvals lifted by 10% on July this year and were up 17% compared with August 2010. Gross mortgage lending reached an 11 month high in August lifting to £2.1bn and marked an increase of 8% on the figures for August 2010. [...] -
Fix below 4% for 10 years – why wouldn’t you?
Chelsea BS has launched a new ten year fixed rate mortgage with a rate of just 3.99%. Whilst there are not many options in this sector of the market this is well ahead of the rest and again poses the question of how long borrowers should fix for. There can certainly be no argument that, [...] -
Mortgage rates keep getting better
Recent weeks have seen mortgage lenders competing to attract borrowers with the result that the mortgage deals on offer continue to improve. This week moneysupermarket.com indicated that the average 2 year fixed rate is at its lowest level since Base rate hit its historical low of 0.5% in March 2009. Lenders have seen money market [...]
