Nationwide becomes the latest major lender to cut fixed-rate home loans, with prices starting from 3.84%. The mutual will cut fixes by up to 20 basis points across selected two-, three- and five-year products from tomorrow. Highlights include: Switcher — Selected two-, three- and… The post Nationwide joins lender cuts with rates starting at 3.84% appeared first on Mortgage Strategy.
Large lenders will be able to top their current 15% loan-to-income ratio limits to allow for greater mortgage lending, under new guidance from a key Bank of England committee. The Financial Policy Committee says that “individual lenders [should be allowed] to increase their share… The post Large lenders able to top key LTI 15% limit, says regulator appeared first on Mortgage Strategy.
Mortgage applications jumped almost 42% in June compared to a year ago, according to the latest market update from Stonebridge network. Borrowers are on average £888 a year better off, as mortgage rates have fallen by 62 basis points over the past year, it found.… The post Mortgage applications jump 42% in June: Stonebridge appeared first on Mortgage Strategy.
Loan originations platform Mast has joined the Equity Release Council. The new technology member says its platform features, which include, a built-in policy engine and real-time feedback, aim to support later life lender market growth. Equity Release Council chief executive Jim Boyd says: “While customers are… The post Loan originations platform Mast joins Equity Release Council appeared first on Mortgage Strategy.
Simplybiz has announced it will help its member firms with the preparation and submission of data for the FCA’s recent information request. The survey, sent in early July by the FCA to all firms with advisers who undertake investment activities, forms part of the regulator’s… The post Simplybiz offers support on FCA data request submissions appeared first on Mortgage Strategy.
