Banks battle it out in mortgage price war
The soaraway housing market rekindles memories of 2008 when a lending spree triggered the worst financial crisis for decades
2 June 2021 • 4:57pm
Former City dwellers who decided to buy suburban homes with spacious gardens will be feeling smug this week as temperatures soar.
Now, a wave of first-time buyers and cash-rich borrowers will be hoping to join them as competition for preferential rates between banks and building societies heats up.
Lenders’ largesse has helped sustain momentum in a housing market in which prices have risen 10.9pc in the year to May.
Hinkley & Rugby Building Society launched a mortgage of an interest rate of 0.99pc in April. TSB, Platform (the Co-operative Bank’s mortgage arm) and Nationwide have now followed with similar deals.
SCHOOLS in Bolton have been donated tablets by the police force in a bid to support communities who face digital exclusion . The Greater Manchester Tech Fund was launched at the start of the pandemic by Metro Mayor Andy Burnham to support young people with the technology needed to continue their learning at home while schools and colleges remained closed. A Greater Manchester Police donation to the fund has enabled it to support a total of 3,527 people and 132 schools and colleges since it launched. The 2,400 tablets donated by the force have now been distributed to primary schools and local device lending libraries across all local boroughs to support young learners, families, and communities to benefit from the opportunities digital access brings.
GMP donate 2,400 tablets to Tech Fund to support communities facing digital exclusion Date published: 28 May 2021
The generous donation has enabled the fund to support a total of 3,527 people and 132 schools and colleges since it launched
Greater Manchester Police (GMP) has donated 2,400 tablets to the Greater Manchester Technology Fund to be repurposed to support young people and families facing digital exclusion across the city-region.
The Greater Manchester Tech Fund was launched at the start of the pandemic by the Mayor of Greater Manchester, Andy Burnham, to support digitally excluded young people with the technology and connectivity needed to continue their learning at home while schools and colleges remained closed.
Competition hots up as 0.95% fix set to launch
By Leah Milner 27
th May 2021 4:32 pm
A new market-beating fixed rate is set to launch next week with a rate of 0.95%.
The loan is expected to come with a hefty £1,499 fee.
Mortgage broker Private Finance says it has been pre-warned of the product launch, but cannot confirm which lender it is.
The new deal will be available up to 60% LTV and is likely to require borrowers to have an impeccable credit score.
It comes after Hinkley & Rugby brought out a discount variable rate of 0.99% last month for borrowers with a 35% deposit.
The deal comes with a £199 arrangement and £500 completion fee.
PRWeek Daily News (subscriber-exclusive email bulletin)
Exclusive access to Power Book and Top 150 UK Consultancies/Agency Business Report content
PRWeek magazine delivered