Morpheus has boosted its senior team by adding two members as the digital-only bridging lender continues to expand since its launch last year. The business has appointed Sonny Gohel (pictured) and Stuart Dunk to the firm that launched in May 2024. Gohel joins the… The post Morpheus adds pair to senior team appeared first on Mortgage Strategy.
Vernon Building Society has reported a 158% increase in its retirement interest-only (RIO) mortgages from Jan to May 2025 compared to the same period in 2024. According to the society,the trend for retirees to access the wealth tied up in their property to fund retirement… The post Vernon BS sees major uptick in RIO mortgages appeared first on Mortgage Strategy.
There is renewed confidence in the market as more borrowers anticipate that mortgage rates will fall, Twenty7tec data suggests. Last month, nearly half of all mortgage searches and European Standardised Information Sheet (ESIS) documents focused on short-term fixes. Of the 1.92 million ESIS documents generated… The post Borrowers confident in the market as they anticipate reduction in mortgage rates: Twenty7tec appeared first on Mortgage Strategy.
HM Land Registry completed over 1.82 million applications to change or query deeds in May, down 0.3% from the previous month and 6.7% lower than a year ago. The latest data from the land title body comes as ‘work to rule’ action by workers… The post Land Registry completions fall almost 7% as ‘work to rule’ enters sixth month appeared first on Mortgage Strategy.
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.
Norton Home Loans has promoted Laura Percival to head of lending for its residential and second charge mortgage propositions. She has over a decade of experience within the Norton group, having worked across debt management, sales and lending, and has previously worked as underwriter, team… The post Norton Home Loans promotes Percival to head of lending appeared first on Mortgage Strategy.
