The UK labour market continues to cool, according to the latest official figures, but the pace of change will concern Bank of England rate-setters who are weighing up whether to pause rate cuts in the second half of the year. Average wages, excluding bonuses,… The post Cooling labour market hands MPC base rate dilemma appeared first on Mortgage Strategy.
The overall choice of mortgages fell month-on-month, as shelf-life rose, the Moneyfacts UK Mortgage Trends Treasury Report data reveals. Product choice fell to 6,842 options, however, choice is up year-on-year (6,657 – August 2024). The average shelf-life of a mortgage product rose to 17 days,… The post Mortgage choice dips but shelf-life rises: Moneyfacts appeared first on Mortgage Strategy.
Newcastle for Intermediaries has made enhancements to its interest-only mortgage proposition. The lender has increased the maximum loan-to-value (LTV) from 75% to 80% and 85% LTV for part-and-part loans. In addition, the lender has added further flexibility for repayment options with multiple repayment strategies available… The post Newcastle for Intermediaries ups max LTV on interest-only products appeared first on Mortgage Strategy.
Mortgage Strategy can now confirm the names on the Advisory Board behind this year’s Mortgage Innovation & Technology Live (MIT Live) agenda. From established leaders to disruptive thinkers, this group has curated a programme packed with insight and relevance. The event will be guided by… The post Esteemed Advisory Board for MIT Live announced appeared first on Mortgage Strategy.
RAW Capital Partners has promoted Harry Burrett and Harry Downer within its sales team. Burrett, who joined RAW Capital Partners at the end of 2023, has been promoted to head of intermediary sales. In his previous role as business development manager, he ensured that intermediaries… The post RAW Capital Partners makes two sales team promotions appeared first on Mortgage Strategy.
Tipton & Coseley Building Society has increased the maximum loan-to-value on its expat residential mortgages, lending up to 85% LTV to a maximum loan size of £600,000. The mutual adds that its existing 80% LTV products with a maximum loan size of £800,000 will be… The post Tipton & Coseley BS lifts LTV for expat resi loans appeared first on Mortgage Strategy.
Homes England has appointed a new chief executive nine months after its last leader stood down from the government’s housing agency. Labour says Amy Rees (pictured) will be a key part of its “mission to tackle the housing crisis and accelerate the delivery of… The post Homes England appoints Rees as CEO appeared first on Mortgage Strategy.
This week’s top headlines: Mortgage rates edge down as lenders loosen requirements, and LendInvest names new head of distribution. Explore these and other major industry updates below: Mortgage rates edge down as lenders loosen requirements: Moneyfacts Mortgage rates have dipped slightly this week as… The post Mortgage Strategy’s Top 10 Stories: 04 Aug to 08 Aug appeared first on Mortgage Strategy.
Mortgage searches jumped 4.4% to 72,925 yesterday as the Bank of England cut the base rate to 4%, according to Twenty7Tec. However, the new data found activity fell sharply in the days leading up to the Monetary Policy Committee’s decision, with the daily average at… The post Mortgage searches pick up pace after base rate move: Twenty7Tec appeared first on Mortgage Strategy.
The Financial Conduct Authority will consult with firms and other stakeholders over the next six months to decide on “the best way forward” to set up an open banking standards body. The City regulator says the body, currently called the Future Entity, will support… The post FCA launches further industry talks on new open banking body appeared first on Mortgage Strategy.
