Mortgages

Skipton Building Society is launching a new two-year fixed-rate mortgage, offering a 0.99% interest rate if you're borrowing 60% of your home's value.

The Bank of England has asked lenders to set aside £11.4 billion to protect against defaults, as consumer borrowing grew by more than 10% in the last year. It's said it'll also tighten affordability criteria for mortgage lending.

Tesco Bank has launched the new lowest five-year fixed-rate mortgage on the market – at 1.68% with a £995 fee if you borrow 60% of your home's value when you remortgage.

Average house prices dropped in May for the third successive month, according to the latest Nationwide house price index – the first time this has happened since 2009.

High street giant HSBC has launched the new lowest five-year fix rate mortgage on the market - at 1.69% with a £999 fee if you borrow 60% of your home's value.

Housebuilder Taylor Wimpey has earmarked £130 million as part of plans to help customers caught out by property contract clauses that mean they're on the hook to pay escalating ground rents.

Yorkshire Building Society has taken the lead in the race to offer the lowest mortgage rate after cutting its two-year deal to a head-turning 0.89% – but you'll need a hefty deposit to qualify and the lender could decide to increase the rate during the term.

New bank Atom will tonight pull its headline-grabbing five-year fixed-rate mortgage due to "huge demand".

App-based bank Atom is to offer a raft of "stunning" five-year fixed-rate mortgages this week, with the highlight being a record-breaking rate of just 1.29% if you can borrow 60% of your home's value.