Homebuyers attempted to stay “one step ahead” of the Bank of England’s rate decision as mortgage searches surged ahead of its announcement — and then slumped after the base rate was held. In the week leading up to the Monetary Policy Committee’s no-change decision… The post Search surge ahead of BoE hold shows buyers ‘tracking’ market: Twenty7tec appeared first on Mortgage Strategy.
Gen H has announced a rate cut for its mortgage scheme New Build Boost. The New Build Boost rate has been cut from 6.29% to 5.95%. This change is already live in Gen H Pro and available for New Build Boost brokers. New Build Boost… The post Gen H cuts New Build Boost rate to 5.95% appeared first on Mortgage Strategy.
This week’s top stories: Former Metro heads breached rules on £7.4bn mortgage package and Reeves to set out 10-year multi-billion homes and infrastructure plan. Explore these developments and more: Banco Sabadell explores TSB sale Banco Sabadell, owner of TSB, is considering selling the UK lender… The post Mortgage Strategy’s Top 10 Stories: 16 Jun to 20 Jun appeared first on Mortgage Strategy.
Hope Capital has introduced a loan aimed at developers who want to convert commercial buildings into residential, or semi-commercial, properties. The specialist short-term lender says the exclusive loan has a flat rate of up to 70% loan to value at 0.92%, a reduction from the… The post Hope Capital launches mixed-use property loan appeared first on Mortgage Strategy.
Santander has introduced overpayments on product transfer loans to allow borrowers to get better deals. The high street bank says the move may lead to homebuyers getting “a better deal or reduce their monthly payment or term,” it tells brokers on its hub. It… The post Santander debuts product transfer overpayments appeared first on Mortgage Strategy.
