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.
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.
