Bristol & West Mortgages (B&W) has announced the introduction of a 10 per cent overpay facility on all new mortgage products, other than lifetime mortgages.
With B&W’s new commitment customers will be able to pay 10 per cent per year off their mortgage balance without incurring early repayment charges. This applies to all new mortgage products launched from 1 October 2005.
Investors desert capital for more lucrative opportunities
Property investors have deserted London in search of more lucrative opportunities in the buy-to-let market, Landlord Mortgages has revealed.
The Landlord Mortgages annual buy-to-let review has shown that rental properties purchased in the capital dropped by 5 per cent from last year’s figures with high property prices listed as the main culprit for falling property interest.
Leeds half-year results
Leeds Building Society has announced an 8 per cent increase in mortgage completions in its half-year results.
Recording £881 million in mortgage completions, the Leeds also revealed pre-tax profits of £24 million in its results from January to June 2005. Savings balances also rose to £4.3 billion with cost asset ratios falling to 60 pence.
