Aviva said that its first-half equity release business jumped 42% driven by “higher market lending” and new product launches. The insurer added that its later life present value of new business premiums hit £162m in the six months to the end of June. “We… The post Aviva posts 42% equity release sales jump in H1 appeared first on Mortgage Strategy.
Royal London has announced enhancements to its principal equity release product. The updates include the introduction of a drawdown facility and a reduced early repayment charge (ERC) period from ten to seven years. According to Royal London, with the new drawdown capability clients will have… The post Royal London boosts equity release offering appeared first on Mortgage Strategy.
Kuflink launched its own inhouse legal department as part of working towards an integrated service for introducers and their clients. The company says setting up an internal legal function will significantly enhance its operational speed, legal oversight and consequently its ability to execute deals faster.… The post Kuflink launches inhouse legal department appeared first on Mortgage Strategy.
Mortgage arrears fell 3% in the second quarter of this year, while possessions rose marginally. The latest figures from UK Finance found homeowner mortgage arrears of 2.5% or more of the outstanding balance stood at 87,380 in the second quarter. Of these, there were 29,840… The post Mortgage arrears fall 3% as possessions rise slowly appeared first on Mortgage Strategy.
The UK economy grew by a greater-than-expected 0.3% between April and June, albeit below a 0.7% rise in the first three months of the year — but this mixed picture may allow mortgage lenders to continue to lower prices. Britain’s second-quarter gross domestic product… The post UK economy posts surprise 0.3% growth in Q2 appeared first on Mortgage Strategy.
Almost nine in 10 landlords, or 87%, reported making a profit in the second quarter of the year, just one percentage point off a five-year high, data from Paragon Bank shows. The number of landlords who said they made a profit from their lettings… The post Almost nine out of 10 landlords post Q2 profit: Paragon appeared first on Mortgage Strategy.
Construction market output is expected to reach £168.6bn by the end of 2025, with growth driven by private housing, infrastructure investment and retrofitting, while total construction output is forecast to increase by 1.9% in 2025 and 3.7% in 2026. This is according to the sector… The post Outlook for private housing work positive: McBains appeared first on Mortgage Strategy.
Parents are willing to pay 15% premium on properties within catchment areas of top schools, which is a further £40,500 on the current UK average property price, Santander reveals. The research found that one in 10 would go as far as far as paying an… The post Parents willing to pay 15% premium on properties to be near top schools: Santander appeared first on Mortgage Strategy.
Redwood Bank has made changes to help landlords of houses of multiple occupancy (HMOs) who are struggling with rising costs and tighter margins. These include changes to costs to help release an additional £40,000, a 6% increase in loan-to-value (LTV) for refinancing a buy-to-let (BTL)… The post Redwood Bank provides landlords with HMO lending boost appeared first on Mortgage Strategy.
Simplybiz has announced the widening of its business consultancy service with the addition of a proposition designed to support advisers through the full diagnostic analysis and creation of a compliant ongoing review service. Delivered over a series of consultative sessions, the ongoing review service option… The post Simplybiz broadens business consultancy range appeared first on Mortgage Strategy.
