The housing department has launched a consultation on the “feudal” leasehold system to make management fees transparent and force property managers to qualify as professionals for the first time. The consultation will feed into secondary legislation that will be added to the Leasehold and… The post Labour opens review into ‘feudal’ leasehold fees and management appeared first on Mortgage Strategy.
Mortgage Strategy’s Top 10 Stories of the Week This week’s top headlines include a Court of Appeal ruling that clarifies the definition of ‘arrears’ in a key mortgage case, and the FCA increasing broker fees by 2.4% for the year ahead. Explore these and other… The post Mortgage Strategy’s Top 10 Stories: 30 Jun to 04 July appeared first on Mortgage Strategy.
West Brom Building Society has announced cuts across its five-year fixed rate products. For those with a 10% deposit, the society’s five-year fixed rate has reduced by 0.28% to 4.40% with a £999 fee, while an alternative no-fee option is also available at 4.51%. West… The post West Brom confirms fixed rate reductions and reintroduces interest-only appeared first on Mortgage Strategy.
It was a week of rate reductions for fixed mortgages this week with certain lenders reintroducing sub-4% deals to the market. According to Moneyfacts’ latest data, average two-year fixes fell 0.03% to 5.06%, average three-year fixes tumbled 0.08% to 4.95% and average five-year fixes fell… The post Fixed rate reductions continue as sub-4% deals back on the market appeared first on Mortgage Strategy.
UK Finance has backed calls that the Financial Ombudsman Service should be stopped from acting as a “quasi-regulator” and insists on a timetable of reform for the body. The move comes in the banking body’s submission to the government ahead of the Chancellor Rachel Reeves’… The post UK Finance calls for Financial Ombudsman Service reform timetable appeared first on Mortgage Strategy.
City & Guilds has called on the government to take ‘immediate and strategic action’ to address the critical skills shortages in the construction sector, after a survey reveals that three quarters of construction firms are struggling to recruit the skilled workers they need. The survey… The post City & Guilds urges Govt to address skills gap to hit 1.5m new homes appeared first on Mortgage Strategy.
Foundation Home Loans has announced a series of product enhancements across its complex buy to let range. This includes introducing new fixed-rate options, reduced rates, and simplifying fee structures across property segments including HMOs, short term lets, and mixed-use properties. The changes are aimed at… The post Foundation Home Loans refreshes BTL offering appeared first on Mortgage Strategy.
Health and wellbeing issues have risen up the corporate agenda in the wake of the Covid pandemic. Many businesses now recognise the importance of supporting employee wellbeing, particularly in relation to mental health. This focus has been bolstered by national campaigns aimed at raising awareness… The post Cover feature: Wellbeing at work appeared first on Mortgage Strategy.
Pepper Money has launched a summer special limited edition product on its Pepper48 residential mortgage tier. The new product is 0.20% lower than its core range, available on a five-year fixed product at 75% loan-to-value (LTV). Rates will now start from 5.14% with free legals,… The post Pepper launches summer special product, Precise lowers rates by 16bps appeared first on Mortgage Strategy.
Chesnara has agreed to buy HSBC’s protection and investment bond unit for £260m, which the life and pensions consolidator says is “a material step up in scale” for the business. Chesnara says the acquisition of HSBC Life will add around £4bn of assets under administration and approximately 454,000… The post Chesnara agrees to buy HSBC Life for £260m appeared first on Mortgage Strategy.
