Thrifty Loans

Nationwide closes doors on new borrowers by raising rates

The Nationwide Building Society, which has recently topped consumer polls for everything from its credit cards to its customers service levels, has announced that it is looking to close the doors on new mortgage applicants by raising its mortgage interest rates, despite the fact that there have been two recent base rate cuts in the [...]

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Mortgage lender to reveal costs following near collapse

Northern Rock, once the fifth largest mortgage lender in the nation and now the bank known as the victim of the first run on a British bank in nearly 150 years, is to reveal costs and figures relating to its rescue over the coming week. The bank is to reveal its results since its collapse last [...]

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Fast action required from mortgage customers

A number of industry professionals have warned that fast action is required from consumers that are thinking of taking out a new mortgage or remortgaging to a better deal, as many of the most competitive deals are coming off the shelves remarkably quickly, which means that access for consumers is limited and they only have [...]

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Situation could ease for homeowners on cheap fixed rate mortgages

Since the series of interest rate rises between August 2006 and July 2007, when five 0.25% rises took the base rate from 4.5% to 5.75%, there has been a great deal of concern about how homeowners on cheap fixed rates will cope. This is because many people that took out a fixed rate mortgage two or [...]

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