Coventry Building Society, which owns the Co-operative Bank, has begun a redundancy consultation with staff that could result in over 100 workers across the group losing their jobs, including roles among its mortgage teams. Notices were sent to staff yesterday, consulting 176 workers, with up… The post Exclusive: Coventry BS consults on over 100 job losses after Co-op merger appeared first on Mortgage Strategy.
The economic climate is affecting people’s decisions and their emotional response to risk, a survey by the Association of Mortgage Intermediaries (AMI) found. As the launch of Ami’s 2025 Protection Viewpoint Report approaches, the association reveals that in its survey of 3,000 consumers over three… The post Economic climate impacting decisions and emotional response to risk: Ami appeared first on Mortgage Strategy.
Rightmove has urged the government to review how wide-ranging stamp duty taxes are levied at next month’s Budget, calling it “a significant barrier for many people moving home”. The call from the property website comes after Conservative leader Kemi Badenoch, in a surprise move, yesterday… The post Just 5% of homemovers and 40% of FTBs avoid stamp duty: Rightmove appeared first on Mortgage Strategy.
Almost two-thirds (58%) of second-time buyers who compared mortgage deals were considering terms of three years or longer in the 30 days to 1 October 2025, moneyfactscompare.co.uk website data reveals. The data shows that in comparison, only around one in three homeowners seeking to remortgage (34%)… The post Second-time buyers dominate demand for longer term fixes: Moneyfacts appeared first on Mortgage Strategy.
Two Bank of England rate setters have backed ‘higher for longer’ interest rate policies to restore price stability and boost consumer confidence. High inflation that has fallen from 11.1% in October 2022 to its current 3.8% has “scarred” consumers, said the Bank’s Monetary Policy… The post Two BoE rate setters back ‘higher for longer’ rates appeared first on Mortgage Strategy.
