Renters facing eviction will get greater access to legal aid after at least a 24% boost to funding for these cases, ahead of the Renters’ Rights Bill expected to come into law later this year. The Ministry of Justice says it will lift the… The post Tenants get legal aid boost ahead of Renters’ Rights Bill appeared first on Mortgage Strategy.
Gen H has made rate cuts across its range, including its recently launched interest only products. Rates now start from 4.89% for capital repayment products and 4.99% for interest only. The lender’s 90% and 95% loan-to-values (LTVs) rates have been cut by 15 basis points… The post Gen H and London Credit make rate reductions appeared first on Mortgage Strategy.
Access Financial Services has formed a semi-exclusive distribution partnership with Afin Bank, a new lender set to launch later this year. As part of the collaboration, Access FS will distribute mortgage loans on behalf of Afin Bank, targeting under-served African and other foreign national diaspora… The post Access FS partners with Afin Bank appeared first on Mortgage Strategy.
Angela Rayner has set out plans to build around 300,000 affordable homes with the £39bn of funding she secured from the spending review. The Deputy Prime Minister and housing secretary adds that at least 60% of homes will be for social rent, linked to… The post Rayner plans 300,000 social homes with higher standards over next decade appeared first on Mortgage Strategy.
Close Brothers managing director of Property Finance Rowland Thomas will be retiring from his role at the end of the month following 38 years with the lender. The company has confirmed that deputy managing director, Daniel Joyce, will step into his shoes. Thomas has played… The post Close Brothers Property Finance MD Thomas to retire appeared first on Mortgage Strategy.
The Financial Conduct Authority will lift fees for mortgage lenders and brokers by 2.4% following a 9% hike last year. The City regulator, in its annual fees and levies paper, says its overall annual funding requirement has risen by 3.8% to £783.5m for 2025/26 from… The post FCA lifts broker fees by 2.4% for coming year appeared first on Mortgage Strategy.
West One has expanded into the commercial mortgage market. The specialist finance lender’s commercial product will initially be available to a select group of commercial mortgage brokers through a product pilot. There will be a full-market release directly after the conclusion of the pilot. Commercial… The post West One enters commercial mortgage market appeared first on Mortgage Strategy.
Keystone Property Finance has completed a £400m securitisation of buy-to-let loans. The specialist buy-to-let lender says its Hops Hill No.5 package of loans, which included £80m of pre-funding, saw “significant oversubscription” across the entire capital stack. The Class AAA notes priced at Sonia-plus-73-basis-points and was… The post Keystone seals £400m BTL securitisation appeared first on Mortgage Strategy.
Paragon Bank has introduced a streamline buy-to-let (BTL) mortgage application journey for landlords with up to 15 properties. The lender will use its new mortgage origination platform to pre-populate much of the application information required. The new application will initially only ask for a valuation… The post Paragon Bank streamlines BTL application process appeared first on Mortgage Strategy.
Rents spiked across the country in June, according to the latest Goodlord Rental Index. As the market moves into its busiest period, month-on-month rents were up by over 3%, including a major spike in the South West. Rental price averages are now 3.2% higher year-on-year.… The post June sees record rents but signs market pressures easing: Goodlord appeared first on Mortgage Strategy.
