Castle Trust Bank has launched a light refurbishment product with a drawdown facility. The new product is designed to support developments delivered under Permitted Development Rights (PDR), the conversion of properties into smaller HMOs and reconfigurations as well as smaller renovations such as rewiring, new… The post Castle Trust Bank launches light refurbishment with drawdowns product appeared first on Mortgage Strategy.
The number of houses in multiple occupation in England has risen by 2.3% over the past year, according to analysis by HMO management platform COHO. The company’s research, based on official data, shows there are now an estimated 472,823 HMOs across the country, following an… The post Number of HMOs in England rises by 2% over year appeared first on Mortgage Strategy.
UK Finance says its members do not want later life lending to be “further carved out from the rest of the market,” instead arguing that many members “support it becoming more mainstream”. This comes in response to the Financial Conduct Authority’s mortgage rule review… The post Later life lending should become ‘mainstream,’ say lenders in FCA review appeared first on Mortgage Strategy.
Tax probes into landlords netted a record £107m by HMRC in 2024/25, more than double the amount clawed back by the custom’s body three years ago. The data comes from accountants Price Bailey, following a Freedom of Information request and is part of the… The post Landlord tax probes net record £107m appeared first on Mortgage Strategy.
United Trust Bank Mortgages has made rate reductions of up to 84 basis points across a selection of its second charge product range. Prime-plus five-year fixed rates will now start from 5.59% while five-year fixed no early repayment charge (ERC) prices will start from 6.35%.… The post UTB lowers rates up to 84bps, Masthaven cuts bridging prices appeared first on Mortgage Strategy.
