Shawbrook makes changes to criteria for professional landlords
Specialist lender Shawbrook has enhanced its mortgage criteria for loans offered to professional landlords to support new and experienced investors. The post Shawbrook makes changes to criteria for...
View ArticleZephyr adds five-year fixed 80% LTVs for specialist property for first time
Zephyr Homeloans has introduced five-year fixed rate deals at 80% loan to value (LTV) for houses in multiple occupancy (HMOs) and multi-unit freehold blocks (MUFBs). The post Zephyr adds five-year...
View ArticleRemortgage completions rise 9% in May – LMS
There were 9% more remortgages completed in May, as most homeowners opted for a two-year fixed deal, data from a conveyancing firm showed. The post Remortgage completions rise 9% in May – LMS appeared...
View ArticleLoughborough BS launches intermediary-focused affordability calculators
Loughborough Building Society has released a range of intermediary-focused affordability calculators, developed in response to broker feedback. The post Loughborough BS launches intermediary-focused...
View ArticleWe want to be known for consistency, affordability and flexibility, says...
NatWest wants brokers and customers to see the lender as reliable, consistent and flexible, Brad Fordham, the lender’s head of distribution, said. The post We want to be known for consistency,...
View ArticleMore than a third of mortgagors still paying sub-3% rates – BoE
More than a third – 35% – of all mortgage accounts are still paying interest rates of less than 3%, the central bank found. The post More than a third of mortgagors still paying sub-3% rates – BoE...
View ArticleChetwood Financial appoints Morris as group distribution director
Digital bank Chetwood Financial has hired Roger Morris as its group distribution director. The post Chetwood Financial appoints Morris as group distribution director appeared first on Mortgage Solutions.
View ArticleMortgage sales fell below a million in 2023 – FCA
There were 888,288 mortgages sold last year, a drop from the 1.15 million completed in 2022, data from the regulator showed. The post Mortgage sales fell below a million in 2023 – FCA appeared first on...
View ArticleProperty transactions rise to 91,000 in May – HMRC
There were 91,290 residential property transactions completed in May on a seasonally adjusted basis, 17% higher than the year before. The post Property transactions rise to 91,000 in May – HMRC...
View ArticleThe numbers game: Hitting housing targets – Hale
The housing market has played a big part in political rhetoric as campaigning for the general election ramps up. The post The numbers game: Hitting housing targets – Hale appeared first on Mortgage...
View ArticleThe buy-to-let sector is holding fire for post-election certainty – Armstrong
As we inch every closer to election day, it does feel as if everyone is holding their breath, waiting to see who will be residing in Number 10 next month and what impact that might have. The post The...
View ArticleGovt must see that supporting good landlords also helps first-time buyers – Cox
It’s fair to say that the private rental sector (PRS) has not exactly figured heavily in any of the general election campaign discourse we’ve seen so far. The post Govt must see that supporting good...
View ArticleEquity release borrowers save nearly £300m with voluntary repayments – ERC
People making voluntary penalty-free repayments on their equity release loans have saved almost £300m in borrowing costs over 20 years, analysis from a trade body found. The post Equity release...
View ArticleGross mortgage lending rises to £22bn in May – BoE
The value of gross mortgage lending rose to £22.2bn in May, the fourth consecutive month to see an increase, data from the central bank showed. The post Gross mortgage lending rises to £22bn in May –...
View ArticleMentoring schemes need employer openness to succeed – Davies
UK firms are waking up to the benefits mentoring can bring, both to individual mentees and mentors, and also to businesses themselves. The post Mentoring schemes need employer openness to succeed –...
View ArticleCountdown for mortgage prisoners as Consumer Duty hits closed products in...
The new Consumer Duty (the Duty) for closed products and services is due to come into effect on 31 July 2024, meaning both outright acquirers and servicers of closed regulated mortgage portfolios will...
View ArticleWhen borrower needs overlap, advisers can no longer stay in their lane – Glynn
At our recent Air National Later Life Adviser Conference held at Silverstone – which I should say was fantastically attended and supported by advisers and providers alike - industry leaders certainly...
View ArticleMPowered Mortgages chatbot resolves 60% of broker queries
The MPowered Mortgages artificial intelligence (AI) chatbot has solved 60% of queries put through to the lender, it has said. The post MPowered Mortgages chatbot resolves 60% of broker queries appeared...
View ArticleClydesdale Bank reduces rates and ups large loan size
Clydesdale Bank has made several changes to its mortgage range, including reductions and an increase to the maximum large loan limit. The post Clydesdale Bank reduces rates and ups large loan size...
View ArticleRedwood Bank hires Pallis as BDM for Scotland
Redwood Bank has appointed Chris Pallis as its business development manager (BDM) for Scotland as it continues to expand its reach in the country. The post Redwood Bank hires Pallis as BDM for Scotland...
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