Together has lowered rates for its Buy-to-Let products for landlords switching from bridging loans to longer-term finance. The new Buy-to-Let Retention product range will see rates reduced by 25bps on first and second charge property loans for landlords refinancing to exit their original Together… The post Together introduces reduced rate BTL retention product range appeared first on Mortgage Strategy.
Santander UK has improved its affordability rates on new build homes, which will allow customers to borrow more than £5,600 of extra cash. The lender says its new calculations “consider features particular to owning new build properties, including their lower running costs when compared… The post Santander boosts new build affordability appeared first on Mortgage Strategy.
The Financial Conduct Authority has “immediately” scrapped collecting three data sets, which affect mortgage brokers and other intermediaries. The watchdog says the move is part of its wider transforming data collection programme, which aims to make it “a smarter, more data-driven, and proportionate regulator… The post FCA ‘immediately’ scraps three reporting data sets appeared first on Mortgage Strategy.
Halifax Intermediaries has told brokers it will make changes to the way high loan-to-value mortgages should be entered on its hub from next week. The lender says: “After Monday 30 June applications for mortgages above 90% LTV to 95% LTV are accepted as before,… The post Halifax makes hub change for high LTV products 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.
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.
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.
Broker When The Bank Says No has been announced as the first firm to join the inaugural Habito Accelerator programme. Habito launched what it calls an ‘industry first’ programme to help support and scale UK mortgage broker firms in March 2025. It offers places to… The post When The Bank Says No first to join Habito Accelerator programme appeared first on Mortgage Strategy.
