Paragon Bank has appointed Eloise Potts and Stephen Harrison as business development managers within its mortgage division to support brokers in the North West and North East of England, respectively. Potts joins Paragon from Aldermore, where she also worked for more than eight years, and… The post Paragon Bank adds Potts and Harrison as BDMs appeared first on Mortgage Strategy.
Mortgage holders are on track to see their incomes fall by an average of 1% over the next five years, “as high interest rates bear down on households coming off fixed-rate deals”, says a Resolution Foundation report. The thinktank describes the outlook for living standards… The post High rates will see mortgagor incomes fall by 1%: Resolution Foundation appeared first on Mortgage Strategy.
Fleet Mortgages has made changes to its lending criteria for limited company borrowers, with an overhaul of its policy on lending to special purpose vehicles (SPVs). The criteria changes mean Fleet Mortgages can now support more layered ownership models and corporate configurations. It has updated… The post Fleet changes policy on SPV lending appeared first on Mortgage Strategy.
London Credit has confirmed rate reductions across its product range, including cuts of up to 60 basis points (bps) on commercial and semi-commercial bridging loans. Residential bridging rates have also been reduced by up to 24bps. Pricing now starts from0.66% for residential loans; 0.74% for… The post London Credit and UTB unveil rate reductions appeared first on Mortgage Strategy.
Virgin Money has reduced selected fixed rates by up to 0.23%, with the lowest rate starting from 3.86%. Product transfer selected two- and three-year fixed rates will be reduced by up to 0.23% to start from 3.86% and selected five-year rates will be lowered by… The post Virgin Money trims prices by up to 0.23% to start at 3.86%, Atom cuts rates appeared first on Mortgage Strategy.
