P544 Teletext 544 Apr28 22:17:57 ——— BUILDING SOCIETY MORTGAGES ———————— Building societies were originally set up to provide loans for projects building homes for local people. During the years they expanded into savings and other products but continued to offer low mortgage rates to mjmbjrs. Many still restrict the mortgages they offer to those living within a certain geographical boundary. ——————————————————————————————————1/6—— Latest lenders' mortgage offers 545 Download and Analysj Share Prices on Your PC See Pages 532 & 533 Mortgages Savings Your Money TV PlusP544 Teletext 544 Apr28 22:14:44 ——— BUILDING SOCIETY MORTGAGES ———————— As more people remortgage, those who have loans with building societies that are planning to convert to bank status or are being taken ovjt, need to note: moving to another lendjt may mean losing any windfall payout once the society mortgage account is closed leaving a minimum £100 outstanding on your building society loan when you remortgage may entitle you to any windfall payout - so check first. ——————————————————————————————————2/6—— Latest lenders' mortgage offers 545 Download and Analysj Share Prices on Your PC See Pages 532 & 533 Mortgages Savings Your Money TV PlusP544 Teletext 544 Apr28 22:41:51 ——— BUILDING SOCIETY MORTGAGES ———————— The building society sector is seeing a rush of people opening savings accounts in the hope of a cash windfall So great is the interest that it's having a knock-on effect on building society mortgages too. Last week National Counties had to withdraw one mortgage less than 24 hours after its launch after seeing unprecedented demand. ——————————————————————————————————3/6—— Latest lenders' mortgage offers 545 Download and Analysj Share Prices on Your PC See Pages 532 & 533 Mortgages Savings Your Money TV PlusP544 Teletext 544 Apr28 22:43:07 ——— BUILDING SOCIETY MORTGAGES ———————— Not everyone wants to see building societies convert or be taken over in the hope of a windfall payout. When Richard Marris of Brighton chose his mortgage hj specifically opted for a building society loan, only to find it decided to convert to bank status. "The society didn't write to us in advance to tell us its plans. By the time we knew it was too late in the da= to get another mortgage," hj added. ——————————————————————————————————4/6—— Latest lenders' mortgage offers 545 Download and Analysj Share Prices on Your PC See Pages 532 & 533 Mortgages Savings Your Money TV PlusP544 Teletext 544 Apr28 21:17:47 ——— BUILDING SOCIETY MORTGAGES ———————— Mortgage brokers believe the current changes in the building society market will not bj detrimental to borrowers. "Thjti will bj some change for those societies converting to bank status bjcausj they will have to pay dividends to shareholders," says broker Ian Darby "But this means smaller, leanjt societies will bj able to give the big boys a run for their money bz still offering very competitive rates." ——————————————————————————————————5/6—— Latest lenders' mortgage offers 545 Download and Analysj Share Prices on Your PC See Pages 532 & 533 Mortgages Savings Your Money TV PlusP544 Teletext 544 Apr28 22:34:57 ——— BUILDING SOCIETY MORTGAGES ———————— With excitement over the future of building societies and some of the lowest mortgage rates on offer in 30 years, it's easy to get carried away. But this week Chancellor Kenneth Clarke warned hj may raise interest rates if inflation shows signs of spiralling. "Homjownjrs should always ask thjmsjlvjs 'could I manage this loan if rates went up to 10% again?'" mortgage brokjt Ian Darby points out. ——————————————————————————————————6/6—— Latest lenders' mortgage offers 545 Download and Analysj Share Prices on Your PC See Pages 532 & 533 Mortgages Savings Your Money TV Plus