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As indicated on 12 April (see dated story below), Skipton building society has launched a 100% mortgage product aimed at renters, writes Kevin Pratt. A recent survey by Citizens Advice found that 90% of households feel the high cost of ‘green’ home improvements is the main barrier to carrying out the work. Fewer than one in five said they were willing to borrow more on their mortgage or through an unsecured loan to do the work.
Coventry building society was quick out of the traps, announcing reductions across its fixed-rate mortgage deals for new and existing customers from Tuesday next week (7 November). The chunkiest cuts will be on two and five-year fixed rates for residential remortgage. Its five-year fix for remortgage starts from 4.89% with a ‘1,495 fee (60% LTV). HSBC is cutting selected residential and buy-to-let fixed rates from tomorrow (8 November), which are likely to take some deals into the best-buy spots.
Lenders including Barclays and HSBC offer flexible tracker rate products that offer the opportunity to switch, without penalty, to a fixed rate at a later date. But Virgin’s Fix and Switch is the only residential five-year fixed rate with a penalty-free get-out clause, albeit with the proviso that the switch must look at this be to a Virgin deal. The biggest cut is on the lender’s five-year fixed rate BTL deal at 75% loan to value, which falls from 4.95% to 4.49%. The bank has also increased rates on its green mortgage range and deals under the mortgage guarantee scheme, as well as loyalty rates for premier banking customers.
Even if the Bank Rate rises to 5.5% or 5.75% by the end of the year, mortgage lenders are believed to have ‘priced-in’ the increases already as far as their own lending rates are concerned. However, the belief is that lenders have already priced such an increase into their own pricing strategies for mortgage products. Lenders have been cutting rates to reflect downward movements in so-called ‘swap’ rates ‘ the amounts charged by banks as they lend to each other on wholesale money markets.
This also makes it makes it a bit easier when a survey panel offers different reward options to their members. They may prefer to award things like gift cards over cash, and by offering points, it makes things simple to understand. First Direct’s offerings stack up well against other 95% deals which ‘ due to the higher lending risk ‘ come with higher rates than mortgages with lower LTVs. Those looking to buy for the first time will have an even steeper road to climb these details in terms of showing sufficient affordability against lenders’ more expensive mortgage rates. The 0.5 percentage point hike from 1.75% to 2.25%, agreed by the Bank’s rate-setting Monetary Policy Committee (MPC), will affect around 2.2 million households on variable rate mortgage deals. Santnder, Halifax, Virgin Money, Halifax and Skipton Building Society are among the major lenders that have closed mortgage offers to new customers in the last couple of days.
That means the lender will no longer offer its two and five-year fixed rates with a ‘1,499 fee at 75% LTV for existing customers, or its residential two and five-year fixed rates between 65% and 75% LTV. For existing customers, HSBC has added up to 0.24% on its two, three, five and 10-year fixed rates (both fee-saver and standard deals), for loans with up to 90% LTV. Fleet Mortgages, the buy-to-let lender, has launched new two and five-year fixed rates for borrowers with up to 25% equity or deposit.
West One, the specialist lender, has cut residential fixed rates by up to 1.0 percentage point. Its deals, which cater for borrowers with a non standard credit history, start at 5.69% for a five-year deal or 5.99% over two years. The lender has also increased its maximum loan to value from 75% up to 90%. High street lender Virgin Money has announced changes to its residential purchase rates, available through brokers, including rate cuts at higher loan to value ratios. From tomorrow (9 January) it will offer a two-year fixed rate for home purchase at 4.57% (65% LTV) with a ‘1,295 fee, for example. It is also offering a five-year fix for home purchase at 4.48% (90% LTV) with a ‘1,295 fee.
Yorkshire building society has unveiled a market-leading five-year fixed-rate mortgage at just 3.83% and slashed rates by up to 0.5 percentage points across its range of loans, writes Jo Thornhill. Mortgage borrowers automatically move onto their lender’s SVR when they come to the end of a fixed rate, tracker or discounted rate deal, unless they remortgage to a new deal. Aldermore, the broker-only lender, is cutting rates for residential and buy-to-let (BtL) borrowers by up to 0.35 percentage points and 0.1 percentage points respectively. Two-year fixed rates start from 4.09% (60% LVT) with a ‘995 fee, or fee-free the rate would be 4.49%. It is offering a two-year fixed rate for home movers with a ‘999 fee (60% LTV) at 4.64% ‘ up from 4.39%. The equivalent deal over three-years is now 4.44% ‘ up from 4.29%.
The app notifications are generated based on your recently visited stores and locations. Each survey earns points, which you accumulate and trade in for gift cards. Swagbucks Answer is an app and a website where you can take online surveys for cash. The app has areas for available surveys, a daily poll, and an About Me section where you can update your profile while earning Swagbucks. While online surveys can earn a small income, those serious about making money online should consider a self-employed side hustle or finding a full-time job through a reputable employer. Many people turn a side hustle into a full-time job using the skills they’ve learned in their day jobs.
I love answering survey questionnaires and I’m looking forward to doing it. I am retired and was looking for something to do in my spare time, I am going to join a couple of the sites mentioned above. Once again thanks, and keep doing what you doing it is very helpful. Companies that don’t take care of their websites may not take care of their members.
Yorkshire Building Society today introduced a ‘2,000 ‘cashback’ mortgage designed to help first-time buyers onto the property ladder. Nationwide is reducing rates on its switcher mortgage products by up to 0.35 percentage points, effective today (28 July). Skipton, the UK’s 11th largest mortgage lender, followed suit today with reduced rates which will be available from tomorrow (18 August). Net approvals (mortgages agreed for house purchase net of any cancellations) are considered an indicator of future borrowing and market activity. It comes as other mortgage lenders are widening their lending criteria to align with competitors in the market and win more business in a contracting market (see story below on falling mortgage approval figures). Skipton building society has broadened the lending criteria on its Track Record mortgage to help more types of deposit-poor borrowers to buy a home, writes Jo Thornhill.
And MyPoints also has some great cash-back shopping offers and its own shopping extension you can use to get paid to shop. I’ve been using Swagbucks since my phone farming hustle back in college, and it’s one of the best survey sites if you want a variety of ways to earn. To redeem the points for rewards, you’ll accumulate at least 480 points, which can be exchanged for a $3 gift card. The points you earned will be valued a bit differently according to your redemption options. For example, a $10 gift card costs 1,580 points while a $10 PayPal cash requires 1,590 points. To make sure you’re qualified for the surveys, the website requires you to answer a few demographic questions.
Accord, part of Yorkshire building society, has cut its fixed mortgage rates for residential borrowers for the second time in as many weeks. The reductions, by the broker-only lender, are up to 0.2 percentage points and effective tomorrow (13 September). The biggest cuts are seen in two-year fixed rates for home purchase for borrowers with a small deposit. Nationwide is offering a two-year fix at 6.44% (down by 0.29 percentage points) with a ‘999 fee for buyers with just a 5% cash deposit. The Mortgage Works, the specialist buy-to-let lending arm of Nationwide building society, is offering a five-year fixed rate deal at 4.99%, the first sub-5% rate to reach the market for several months.
Pinecone Research is one of the more elite survey sites and limits its members based on demographics. The more SBs you accumulate, the higher the value of the gift card you can redeem. You can unlock more store options and find gift have a peek here cards to places like Starbucks, Walmart, and iTunes. Here are the best sites and a few tips so you can make the most of your time. Our ultimate goal is to educate and inform, not lure you into signing up for certain offers.