The Treasury Committee is dismayed that the government has not set out a timetable of changes to Lifetime ISAs ahead of the November Budget — which it calls “a confused product that requires reform.” In the committee’s June report on LISAs, it was “unconvinced”… The post MPs renew calls for reform of ‘confused’ LISAs ahead of Budget appeared first on Mortgage Strategy.
Three quarters of UK mortgage brokers (78%) support the FCA Mortgage Rule Review. This is according to a survey of 500 UK mortgage brokers from Nottingham Building Society which suggests most brokers support the reforms aimed at creating a more flexible and inclusive mortgage market.… The post Brokers back FCA Mortgage Rule Review and call for lender innovation appeared first on Mortgage Strategy.
Landlord tax rises that go back almost a decade have weakened their power in the housing market and have benefitted first-time buyers by adding more than one million homes to the housing market, says a report. Tax reforms by successive governments that stretch back… The post Landlord tax hikes have added one million homes to market: Study appeared first on Mortgage Strategy.
The Midlands and the North of England accounted for almost half of all new buy-to-let purchases by landlords in the first half of the year, according to Paragon. The lender’s analysis of industry data found that the East and West Midlands, North West, North East… The post Nearly half of all BTL purchases in Midlands and North appeared first on Mortgage Strategy.
Lender repricing is picking up pace as the week draws to a close, with TSB, Principality, Leeds and West Brom joining others in mortgage rate changes, with most movements upwards. TSB says it will be increasing prices by up to 15 basis points on residential… The post Rate increases continue, including TSB and Leeds appeared first on Mortgage Strategy.
