LendInvest has introduced fee-free selected products, while Suffolk Building Society will cut expat landlord rates by up to 16 basis points. The fintech platform says selected new purchases and remortgages across a range of property types will carry no product fees. It also launches a… The post LendInvest intros fee-free loans, Suffolk BS trims expat rates by up to 16bps appeared first on Mortgage Strategy.
Borrowers leaned towards short-term deals in July as the remortgage market saw a sharp rise in completions, according to the latest LMS Monthly Remortgage Snapshot. The report shows that 46% of borrowers opted for two-year fixed rate products, compared with 41% who chose five-year fixes.… The post Two-year fixes dominate as remortgage completions soar 71% appeared first on Mortgage Strategy.
The advertising watchdog has ruled that a national newspaper advert by Lloyds Bank which stated “£19.5bn for social housing… And that’s just the start” was misleading. The advert, published in The Times on 25 March, featured a black horse galloping past new homes under construction.… The post Lloyds rebuked over ‘misleading’ £19.5bn social housing ad claims appeared first on Mortgage Strategy.
English homebuyers have seen their stamp duty payments jump over 20% to £8bn this year, according to Coventry Building Society’s analysis of the latest HMRC statistics, with properties in all parts of the country now liable to pay the tax. The mutual says: “While… The post New stamp duty threshold pulls new regions into tax: Coventry BS appeared first on Mortgage Strategy.
Aldermore has rolled out two new five-year limited edition buy-to-let homeloans, available immediately. The new deals, both carrying a 5% fee, include a five-year fixed rate at 4.34% up to 75% LTV for individual and company landlords with single residential investment properties. Also a five-year… The post Aldermore unveils pair of five-year BTL homeloans from 4.29% appeared first on Mortgage Strategy.
