Marsden BS refreshes residential mortgage criteria
Marsden Building Society has updated its residential mortgage criteria, with changes impacting professional sports players and properties on large acres. The post Marsden BS refreshes residential...
View ArticleHope Capital introduces residential fast-track bridging loan in lead-up to...
Hope Capital has launched a fast-track residential bridging loan, which the lender said would be helpful in the lead up to the stamp duty deadline. The post Hope Capital introduces residential...
View ArticleGatehouse Bank asks govt to ‘level playing field’ for Islamic finance
Sharia-compliant challenger Gatehouse Bank has published a report asking the government to unlock growth and level the playing field between conventional and Islamic finance. The post Gatehouse Bank...
View ArticleNottingham BS updates secondary income criteria
Nottingham Building Society has made a change to its mortgage criteria to accept 100% of secondary income for an application, up from the previous allowance of 50%. The post Nottingham BS updates...
View ArticleEPC reform should avoid creating property prisoners and complications for...
UK Finance has submitted evidence to the government as part of its consultation to reform energy performance certificates (EPCs), calling for a joined-up approach to prevent making people property...
View ArticleMetro Bank sells personal loan book in goal to become ‘specialist lender of...
Metro Bank has announced the sale of a £584m unsecured personal loan book which is expected to result in a £11m gain and give it lending capital to move further into specialist lending. The post Metro...
View ArticleCalculating income when borrowing into retirement – Pearson
The lifestyles and financial needs of borrowers over the age of 50 have changed significantly over the last two decades, leading to a burgeoning later life lending market and improved access to...
View ArticleMortgage approvals to reach highest level in four years, predicts Alexander Hall
The number of mortgages approved this year could rise to their highest total since 2021, a mortgage advice firm has predicted. The post Mortgage approvals to reach highest level in four years, predicts...
View ArticleAllica Bank launches into specialist BTL market
Allica Bank has entered the specialist buy-to-let (BTL) market with a target of £100m in offers by the end of this year. The post Allica Bank launches into specialist BTL market appeared first on...
View ArticleTMW lowers switcher rates; Gatehouse cuts select HPP and BTL rental rates –...
The Mortgage Works (TMW), buy-to-let arm of Nationwide, has reduced rates across switcher products by as much as 0.35%. The post TMW lowers switcher rates; Gatehouse cuts select HPP and BTL rental...
View ArticleLand Registry updates application service to reduce errors and end ‘annoying’...
HM Land Registry has updated its Digital Registration Service on its portal and third-party software providers to stop applications being submitted with simple errors. The post Land Registry updates...
View ArticleLower cash ISA allowance will thwart homeownership dreams, say savers
Cutting the cash ISA tax-free allowance will affect a fifth of savers' ability to get on the housing ladder, research from a mutual found. The post Lower cash ISA allowance will thwart homeownership...
View ArticleLifetime mortgage and RIO advances rise YOY in Q4 – UK Finance
The number of lifetime mortgages and retirement interest-only (RIO) products advanced in Q4 was up on the year before, figures from a trade body found. The post Lifetime mortgage and RIO advances rise...
View ArticleNatWest enhances LTI to allow borrowing up to 5.5 times income
NatWest has enhanced its loan to income (LTI) calculations for residential capital and interest mortgages, enabling select borrowers to access loans up to 5.5 times their income. The post NatWest...
View ArticleMetro Bank returns to profitability as retail mortgages fall and commercial...
Metro Bank returned to profit in the second half of 2024 as it reported a loss after tax of £33.1m in H1, which rebounded to a profit of £75.6m by H2. The post Metro Bank returns to profitability as...
View ArticleAgreed sales jump by a tenth as more homes come to market – Zoopla
The number of property sales agreed in January was 10% higher than last year, as homes coming to market rose by 11%, a property listing firm said. The post Agreed sales jump by a tenth as more homes...
View ArticleFleet Mortgages cuts two-year fixed rates
Specialist buy-to-let (BTL) lender Fleet Mortgages has reduced rates across its two-year fixed products. The post Fleet Mortgages cuts two-year fixed rates appeared first on Mortgage Solutions.
View ArticlePerenna partners with Brilliant Solutions; Catalyst joins TMG’s panel – round-up
Long-term fixed rate mortgage lender Perenna has broadened its distribution by partnering with Brilliant Solutions to give its advisers access to its range. The post Perenna partners with Brilliant...
View ArticleHanley Economic BS refreshes RIO and 95% LTV; MHBS cuts SVR – round-up
Hanley Economic Building Society has launched a two-year fixed retirement interest-only (RIO) product and cut the rate of a low-deposit mortgage. The post Hanley Economic BS refreshes RIO and 95% LTV;...
View ArticleBrokers set sights on international clients but want better lending options
Mortgage brokers believe international clients present an opportunity for business but say lenders need to be more open to foreign borrowers, a survey revealed. The post Brokers set sights on...
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