Just Group results for the six months to end of June 2025 reveal an underlying operating profit of £192m down from £249m for the first half of 2024. The pension and lifetime mortgage specialist said the drop in profits was driven by lower new business… The post Half-year profits slide for Just Group appeared first on Mortgage Strategy.
The Financial Ombudsman Service said the number of complaints it dealt with fell to its lowest level in over a year, according to its latest quarterly data. It handled 68,000 complaints in the first three months of this financial year, compared to 74,600 new cases… The post Complaints to Ombudsman fall to lowest level in over a year appeared first on Mortgage Strategy.
Bank of England governor Andrew Bailey warned that the base rate would not be lowered “too quickly or by too much” after the rate-setters cut the rate to 4% from 4.25%. Bailey said: “We’ve cut interest rates today, but it was a finely balanced… The post MPC decision: Rate cuts, but ‘not too quickly’, says BoE Bailey. appeared first on Mortgage Strategy.
The Bank of England’s move to cut the base rate will lower variable mortgage product payments by almost £30 a month, data from UK Finance shows. An average tracker mortgage will fall by £28.97 a month, while a typical standard variable rate home loan… The post MPC decision: State of the mortgage market appeared first on Mortgage Strategy.
It came as little surprise that the Bank of England’s Monetary Policy Committee decided to cut base rates to 4%. Now that the expected cut has been made, what does the industry make of it? Butterfield Mortgages chief executive Alpa Bhakta said the rate cut… The post MPC decision: Industry reacts to Bank base rate cut appeared first on Mortgage Strategy.
