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Today's Mortgage Terms starting with O

Origination Fee:

Fee charged by a lender for administrative costs of processing a loan. It tends to includes the cost of preparing loan documents, checking the borrower's credit history, inspecting the property and might incorporate the cost of appraisal.

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Gloucester mortgage rates news:
Financial News
Mortgage rates cut on Bank news - BBC News
Halifax said it will be reducing its standard variable rate (SVR) from 7% to 6.5% from 1 November. Lloyds TSB, which also lends under the Cheltenham & Gloucester brand, said it would cut its SVR by half a percentage point to 6.5% on the same date ...

Abbey raises its mortgage rates - Channel 4 News
Abbey announced it was increasing some of its mortgage rates following recent changes made by its competitors. The group is raising the cost of its two and three-year fixed-rate mortgages by up to 0.15%. Abbey blamed the move on decisions by its ...

Halifax hikes its mortgage rates - Guardian Unlimited
Britain's biggest mortgage lender has become the latest mortgage lender to hike its mortgage rates. Halifax said it was raising its rates by up to 0.25%, following last week's increase of up to 0.45%. The group blamed the move on continued increases ...

Bank bailout will not reignite mortgage market - Daily Telegraph
As part of the Government's package, banks must make a commitment to lend to homebuyers, but experts reckon that this will beneft only those with decent sized deposits of 25 per cent or more. Swap rates - which in the past have been used to underpin ...

Halifax hikes mortgage rates - MSN UK News
Halifax has become the latest mortgage lender to hike its rates. Britain's biggest mortgage lender said it was raising its rates by up to 0.25 per cent, following last week's increase of up to 0.45 per cent. The group blamed the move on continued ...

Bank pulls tracker deals just hours after rate cut amid speculation of ... - Daily Mail
One of Britain's biggest mortgage lenders has pulled some of its most popular home loan deals amid speculation that interest rates could fall again. Just hours after the Bank of England announced the 0.5% cut in a combined move with other central ...

Abbey wipes out base rate cut by raising mortgage rates - Times Online
Abbey is raising interest rates on its popular "tracker" mortgage deals by 0.5 percentage points, erasing the benefit of yesterday's emergency cut in the cost of borrowing by the Bank of England. Britain's second biggest mortgage lender blamed the ...

CBI and BCC urge rate cut for Britain - Times Online
Leading central banks continued to wage a desperate battle to calm the financial turmoil yesterday, announcing huge immediate and future injections of funds to try to unblock money markets that were near to seizing up. Fears are rising that the ...

Darling in US for finance meeting - BBC Business
Alistair Darling is to visit the US to discuss the interest rate cut Alistair Darling is flying to the US to discuss the co-ordinated cutting of interest rates by six central banks. The UK chancellor will meet global financial leaders to discuss the ...

Lloyds TSB cuts cost of mortgages - The Independent
Lloyds TSB announced today that it would be passing on today's unexpected cut in interest rates to mortgage customers in full. The group, which also lends under the Cheltenham & Gloucester brand, said it would be reducing its standard variable ...

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