Drop in residential transactions in June ends five-month run of increases – HMRC
The number of residential transactions completed in June rose 8% annually to 91,370 on a seasonally adjusted basis. The post Drop in residential transactions in June ends five-month run of increases –...
View ArticleHSBC UK grows market share as gross mortgage lending falls to £9.4bn
HSBC UK completed £9.4bn in gross mortgage lending for the first half of the year, down from £11.1bn in 2023. The post HSBC UK grows market share as gross mortgage lending falls to £9.4bn appeared...
View ArticleMetro Bank delivers £7.5bn mortgage lending in H1 and posts £34m loss
Metro Bank completed £7.5bn in gross mortgage lending in the first half of the year, a 4% decline on the £7.8bn figure at the end of 2023. The post Metro Bank delivers £7.5bn mortgage lending in H1 and...
View ArticleConsumer Duty already having ‘tangible impact’, says FCA
The regulator has seen positive changes since the introduction of Consumer Duty but there is still work to be done. The post Consumer Duty already having ‘tangible impact’, says FCA appeared first on...
View ArticleIMLA ED&I: Be kind, have courage, and embrace discomfort – Forde and Tehrani
This article is an extract from the Intermediary Mortgage Lenders Association’s (IMLA’s) equity, diversity and inclusion (ED&I) group meeting in June 2024. The post IMLA ED&I: Be kind, have...
View ArticleRiding the wave of positive market trends – Lownds
It’s fair to say that there have been fluctuating levels of uncertainty looming over both domestic and global economies in more recent times, and uncertainty is never conducive to the most optimal...
View ArticleThe mortgage market is set for a teeming H2 – Hunt
As we approach the Bank of England's Monetary Policy Committee (MPC) meeting on 1 August, the possibility of a cut in the bank base rate (BBR) is obviously a topic of keen interest for UK mortgage...
View ArticleHalifax cuts mortgage rates; Bucks BS adds five-year fixed RIO – round-up
Halifax has reduced its mortgage pricing, with new rates effective from 1 August. The post Halifax cuts mortgage rates; Bucks BS adds five-year fixed RIO – round-up appeared first on Mortgage Solutions.
View ArticleMortgage rates to keep falling regardless of base rate outcome – Rightmove
Average mortgage rates continued to decline this week and more reductions are expected whether the base rate is cut or not, a property listing firm predicted. The post Mortgage rates to keep falling...
View ArticleLegal and General updates intermediary protection platform
Legal and General (L&G) has made changes to its adviser protection platform, OLP Connect, in response to feedback. The post Legal and General updates intermediary protection platform appeared first...
View ArticleLandbay cuts rates by up to 0.4% and launches two-year deals
Buy-to-let (BTL) lender Landbay has made reductions across its standard fixed product range of up to 0.4% and added two-year options. The post Landbay cuts rates by up to 0.4% and launches two-year...
View ArticleLeeds BS finds ‘sweet spot’ as mortgage lending hits record £2.6bn in H1
Leeds Building Society saw its mortgage lending rise 37% annually to a record £2.6bn in the first half of the year. The post Leeds BS finds ‘sweet spot’ as mortgage lending hits record £2.6bn in H1...
View ArticleBarclays mortgage lending drops to £9.2bn in H1
Barclays reported a 26% fall in new mortgage lending to £9.2bn during the first half of 2024. The post Barclays mortgage lending drops to £9.2bn in H1 appeared first on Mortgage Solutions.
View ArticleAccord and MPowered trim mortgage rates – round-up
Accord Mortgages has announced rate cuts of up to 0.25% across its mortgage range up to 90% loan to value (LTV). The post Accord and MPowered trim mortgage rates – round-up appeared first on Mortgage...
View ArticleZephyr Homeloans adds 80% LTV mortgages
Zephyr Homeloans has released two-year fixed deals at 80% loan to value (LTV) across standard and specialist property ranges. The post Zephyr Homeloans adds 80% LTV mortgages appeared first on Mortgage...
View ArticleMFS reduces rates and adjusts criteria; Keystone makes 0.25% cuts – round-up
Market Financial Solutions (MFS) has reduced rates across its bridge fusion range, after launching the deals in June. The post MFS reduces rates and adjusts criteria; Keystone makes 0.25% cuts –...
View ArticleSpring Finance enlists Optalitix and LendingMetrics for tech-led origination
Specialist mortgage lender Spring Finance has teamed up with software companies Optalitix and LendingMetrics to develop a technology-led origination system. The post Spring Finance enlists Optalitix...
View Article‘Close call’ for base rate cut but further reductions not guaranteed – reaction
The first base rate cut in four years has been welcomed by the financial markets, but the split decision could mean a wait for more reductions. The post ‘Close call’ for base rate cut but further...
View ArticleDarlington BS introduces reversionary rate to ease SVR costs
Darlington Building Society has launched a reversionary rate to help borrowers coming to the end of their initial period with affordability. The post Darlington BS introduces reversionary rate to ease...
View ArticleIress completes sale of UK mortgage business
Software company Iress has completed the sale of its UK mortgage sales and originations business to Bain Capital. The post Iress completes sale of UK mortgage business appeared first on Mortgage...
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