Bristol & West is removing 7 of its 29 mortgage products from the market after receiving significant demand. The mortgages are mostly fixed rate and buy-to-let deals.

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In contrast to the good news by First Direct (reported 'In the News' today), Cheltenham & Gloucester (C&G) increased rates for its entire range of mortgage products. From midnight last night, most of C&G's rates increased by 0.25%.

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Seven weeks after First Direct stopped accepting new mortgages, as reported 'In the News' 02 April, the mortgage provider has re-opened for business.

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HSBC is bucking the trend in the mortgage market by offering to match homeowners' existing mortgage deals. HSBC is targeting the 1.4 million customers who are coming off fixed rate deals this year and is offering to match their existing fixed rate deal.

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Mortgage provider First Direct have announced that it is no longer accepting new mortgages after receiving five times the usual volume of applications.

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Mortgage lenders Nationwide, First Direct, Cheltenham & Gloucester and Chelsea Building Society all raised their mortgage rates yesterday in response to continued worries over the 'credit crunch'.

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Like red telephone boxes and policemen on bicycles, the "free" bank current account is a peculiarly British institution which may soon become part of our nostalgic folk memory.

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