The Bank of England should “continue to ease monetary policy gradually, while remaining flexible in light of elevated uncertainty,” said the International Monetary Fund. The influential Washington-based thinktank, as part of its annual health check of the UK economy, said the BoE should remain… The post IMF backs Bank of England ‘gradual’ interest rate cut stance appeared first on Mortgage Strategy.
CHL Mortgages for Intermediaries has announced a reprice of its buy-to-let range, cutting rates by as much as 32bps. The specialist lender has reduced rates by up to 32bps on its CHL 1 limited edition range, with two-year fixed rates now starting at 2.35% and… The post CHL Mortgages chops rates across BTL range appeared first on Mortgage Strategy.
Four more bankers found guilty of rigging Libor interbank lending rates will appeal against their convictions following the victory of two traders at the Supreme Court this week. Jay Merchant, Jonathan Mathew and Philippe Moryoussef, who all worked at Barclays, and Christian Bittar, a former… The post Four bankers appeal Libor rate-rigging convictions after Supreme Court ruling appeared first on Mortgage Strategy.
This week’s top headlines: The average property price continues to decline in July, and Finova appoints Richardson as chief executive officer. Explore these and other major industry updates below: Lloyds and Nationwide cement top spots as largest resi and BTL lenders Lloyds Banking Group… The post Mortgage Strategy’s Top 10 Stories: 21 July to 25 July appeared first on Mortgage Strategy.
Market Harborough Building Society has become the latest lender to ease interest stress testing for residential loans, allowing customers to borrow up to £55,000 more when buying their home. The mutual says its new rules mean that many clients will see an increase in… The post MHBS relaxes stress tests to allow up to £55,000 of extra borrowing appeared first on Mortgage Strategy.
