The Chancellor’s proposals for a new tax on the sale of homes worth more than £500,000 alongside a comprehensive review of council tax have had a mixed reaction within the mortgage market. Propertymark says the new tax “must be carefully considered, fit for future purpose,… The post Chancellor’s stamp duty shake-up plans divide industry appeared first on Mortgage Strategy.
Clydesdale Bank will cut fixed-rate landlord and residential products by up to 51 basis points and has raised the price on one product, while Santander also lifts and reduces rates. Highlights of Clydesdale’s reductions, which come to market tomorrow, include: Core residential — including… The post Clydesdale Bank cuts prices by up to 51bps, Santander tweaks rates appeared first on Mortgage Strategy.
Quantum Mortgages has hired two business development managers who will cover the North of England and the Midlands. The broker-only lender says Nik Sukara (pictured), who covers the North of England, has “a strong track record in specialist lending”, having previously held senior business development… The post Quantum Mortgages hires two BDMs appeared first on Mortgage Strategy.
Average UK house prices increased by 3.7%, to £269,000, in the year to end of June 2025, with this annual growth rate up from 2.7%, in the 12 months to May 2025. These figures come from the latest Office for National Statistics (ONS) UK House… The post Average UK house price up by 3.7% for year to June: ONS appeared first on Mortgage Strategy.
OSB Group reported that loan originations increased by 10% to £2.1bn in the first six months of the year compared to a year ago. The specialist lending group owns a range of firms, including OneSavings Bank, Kent Reliance and Precise Mortgages. The group’s net loan book grew 1.2%… The post OSB Group lifts advances 10% in H1, but BTL originations slide appeared first on Mortgage Strategy.
