The number of mortgages approved for house purchases increased to 52,410 in August, up from 49,644 in July and ahead of the previous six month average of 47,551, Bank of England figures show. Approvals for remortgaging increased to 34,668 (July: 31,652) and approvals for other purposes, such as equity release, stood at 21,084 (July: 20,519), [...]
loan-to-value
Barclays ups “Great Escape” LTV to 80%
Barclays is extending the maximum loan-to-value (LTV) ratio on its Woolwich “Great Escape” remortgage deal from 75% to 80%.
For the higher LTV, the lifetime tracker mortgage is available at base rate +3.18%, whereas the 70% and 75% LTV deals remain at base rate +2.38% and base rate +2.58% respectively.
In addition, borrowers can opt for [...]
