GE Money Home Lending has cut rates on it buy-to-let loans, saying it wants to strengthen its presence in the market.
Interest rates have been cut by 0.25% to 5% by the Bank of England's Monetary Policy Committee (MPC), it was announced today.
New figures released today by the Council of Mortgage Lenders (CML), which show fixed rate mortgages have fallen to their lowest level of popularity in three years, appear to contradict claims made yesterday by Abbey .
House prices saw their largest monthly fall for over 15 years in March, dropping by 2.5%, according to the Halifax.
House prices have grown by just 1.1% over the past year, the lowest annual growth rate since 1996, according to Nationwide's house price index.
Interest rates for long-term fixed rate mortgages have been rising despite two cuts by the Bank of England, according to MoneyExpert.com.
House price growth remained stable in February after several months of successive falls, according to Assetz.
One in two mortgage brokers believe the Bank of England will not make more than one interest rate cut this year, according to a survey by BM Solutions.
Mortgages Plc is to withdraw its self-certified facility for employed mortgage applicants it was announced today.
The Northern Rock debacle threatens thousands of homeowners with a significant rise in mortgage repayments, according to Moneynet.co.uk.