HSBC UK posted £2.6bn of new mortgage lending over the first six months of the year, as the bank said it saw higher home loan balances but was hit by “competitive mortgage pricing”. The UK arm of the international bank said its loans and… The post HSBC adds £2.6bn of new mortgage lending in H1 appeared first on Mortgage Strategy.
Leeds Building Society has announced that joint or single applicants earning £30,000 per year will now be able to apply for a mortgage at that income level. The reduction from £40,000 annual income comes after the lender was given permission by the Bank of England… The post Leeds BS lowers minimum income requirements to help FTBs appeared first on Mortgage Strategy.
LSL has hired Neil Hoare as sales director of its financial services division, which covers the property group’s mortgage and insurance networks. Hoare (pictured) will take up his post on 1 September from his current role as commercial director of HL Partnership, and will… The post LSL hires Hoare as financial services sales director appeared first on Mortgage Strategy.
Aldermore has appointed Steve Isaacs as business development manager for London and the South East. Isaacs’ appointment will help strengthen Aldermore’s commercial real estate division. He brings 20 years of experience to the role, from structuring real estate financing at BLME to shaping major housing… The post Aldermore hires Isaacs as BDM for London and South East appeared first on Mortgage Strategy.
The average two-year fixed rate home loan and the five-year rate have both hit 4.52%, data from Rightmove’s daily mortgage tracker shows. The last time both terms converged was in September 2022, before the Liz Truss mini-Budget. The current July two-year average rate of… The post Two- and five-year fixes converge for first time since Truss Budget appeared first on Mortgage Strategy.
