Fleet has cut mortgage rates for houses in multiple occupation and multi-unit freehold blocks by up to 15 basis points. The lender has today made price reductions to deals in the 75% loan-to-value tier. A two-year fixed with £1,999 fee has fallen by 15bps to… The post Fleet snips HMO and MUFB rates by up to 15bps appeared first on Mortgage Strategy.
Santander will add its product transfer rates to all major sourcing systems from Friday, which the bank says will make “it easier for brokers to support customers looking to switch products”. Head of Santander for Intermediaries Graham Sellar adds: “We’re constantly reviewing our processes… The post Santander adds product transfers to major sourcing systems appeared first on Mortgage Strategy.
Cornerstone Finance Group has hired brothers Jonathan and Andrew Needham as business development director and business development manager, respectively, in its network business. The move comes after the Yorkshire-based pair launched a pilot mortgage and advisory group in the network, called Needham Financial Powered… The post Cornerstone boosts network development team with two hires appeared first on Mortgage Strategy.
Furness Building Society has appointed Phil Lawford to its broker-facing mortgage team as business development manager. Lawford rejoins Furness following a five-year hiatus during which he spent time in similar roles at Saffron Building Society and Tipton & Coseley Building Society. He had been at… The post Furness BS appoints Lawford as BDM appeared first on Mortgage Strategy.
TSB and Co-operative have increased mortgage rates today, while Barclays is raising a limited number of rates and making widespread reductions across its residential range tomorrow. In Barclays’ purchase-only range, a two-year fixed rate at 80% LTV is dropping to sub-4%, falling by 7bps from… The post TSB and Co-op raise rates as Barclays reprices in both directions appeared first on Mortgage Strategy.
Foundation Home Loans has appointed Michael Evans as its chief finance officer (CFO). Evans joins the Foundation Home Loans leadership team on a permanent basis, having held the role on an interim basis since earlier this year. He brings more than 22 years of expertise… The post Foundation names Evans as CFO appeared first on Mortgage Strategy.
Target Group has appointed Jennifer Read as head of risk. Read brings nearly 20 years of experience to Target in operational risk and governance, working across financial services and fintech in banking and markets, savings and asset management. Starting out as a cashier in a… The post Target Group hires Read as head of risk appeared first on Mortgage Strategy.
The “inexorable” drive to cut risk after the credit crisis has left credit-worthy buyers unable to get on the housing ladder, UK Finance has warned in its response to the FCA’s Mortgage Rule Review discussion paper. The City watchdog’s consultation is set against Labour’s plan… The post ‘Inexorable’ drive to cut risk has shut buyers out: UK Finance appeared first on Mortgage Strategy.
The Bank of England chief economist is more “comfortable” about the direction of inflation — but this came as the Organisation for Economic Co-operation and Development raised its forecast for the cost of living in the UK. Huw Pill said: “It’s always a question of a… The post BoE’s Pill ‘comfortable’ on inflation, but OECD raises UK forecast appeared first on Mortgage Strategy.
Folk2Folk has appointed Kawai Chung as chief executive, succeeding Roy Warren. Chung joins Folk2Folk with more than 20 year of experience in financial services and asset-backed investing. He has held senior leadership roles at challenger banks, private equity firms and investment managers, including SilverRock Financial… The post Folk2Folk appoints Chung as chief exec as Warren retires appeared first on Mortgage Strategy.
