Coventry Building Society launched new 3.50% fixed rate at 65% LTV on 4th March, £800.00 arrangement fee added on completion £199.00 booking fee paid on application free remortgage valuation and free legal’s.

Woolwich have withdrawn their 70% loan to value range of products due to high demand.  Their funds booking system is starting creek under the strain of high demand so this action is start to slow down interest in their products.

Bank of England held base rate at 0.5% for the 12 month in a row.  This is despite the increase in inflation over recent months, it is expected that inflation will soften latter in 2010, however it is expected that the Bank of England base rate will increase in 2010.

Andrew Fowler worked for Limetree Financial Services until December 2010. Feel free to contact another member of our team for help or advice.

Posted in Market Watch, Mortgages, News