The number of homes for sale priced at one £1m-plus has doubled (+103%) since pre-pandemic levels in 2019. This is according to a new report from property platform Rightmove, which also reveals that just over 5% of UK property for sale is now priced in… The post Number of £1m homes for sale doubles over six years: Rightmove appeared first on Mortgage Strategy.
Mortgage Advice Bureau deputy chief Ben Thompson will step down from its board, as it appoints a chief operating officer amid a flurry of changes at the broker network. Thompson (pictured) will leave the board after seven years at the end of 2025 and move… The post Thompson steps down as MAB deputy CEO as it appoints Luengo to key role appeared first on Mortgage Strategy.
The majority of brokers (82%) disagree with Huw Pill’s comments that interest rates are falling too fast, a Landbay poll reveals. In a poll, the specialist buy-to-let lender asked mortgage intermediaries if they agreed with Pill, the Bank of England’s chief economist, that interest rates… The post Majority of brokers reject Pill’s rate cut concerns: Landbay appeared first on Mortgage Strategy.
Buy-to-let lenders are “futureproofing” their mortgage portfolios by looking again at how they lend against properties with lower energy efficiency ratings, according to Cotality. Energy department legislation is set to enforce a minimum energy performance certificate rating of band C on all properties starting a… The post BTL lenders reassess low-rated EPC homes ahead of green rules: Cotality appeared first on Mortgage Strategy.
The average standard variable rate (SVR) has fallen further below 8% month-on-month and stands at 7.48%, down from 8.18% a year ago, the latest Moneyfacts data shows. The latest figures show that the average two-year fixed rate has fallen from 5.93% to 5.12% since June… The post Average SVR down 0.70% from June last year: Moneyfacts appeared first on Mortgage Strategy.
