Money markets have ramped up bets on the chances of the Bank of England cutting the base rate before Christmas after inflation again held steady yesterday. Traders are now pricing in a 70% chance of a 25 basis points cut to Bank rate to 3.75%… The post Steady inflation sees markets step up bets on Christmas rate cut appeared first on Mortgage Strategy.
The government has announced new emergency measures to tackle the housebuilding crisis in London. The emergency measures, which are subject to consultation, are set to “significantly ramp up housebuilding, unlock stalled sites and ensure more affordable homes are being built across the capital”. The package… The post Government unveils emergency measures to tackle housebuilding crisis in London appeared first on Mortgage Strategy.
The co-operative bank for intermediaries has temporarily withdrawn selected fixed rate products from its mainstream mortgage range for new business. Effective tomorrow (24 October), the bank has withdrawn its purchase two-year fixed products at 85% and 90% loan-to-value (LTV) with a fee of £999 and… The post Co-op withdraws select fixes, HSBC makes rate cuts appeared first on Mortgage Strategy.
Home finance complaints fell by 6% in the first half of 2025 compared to the previous six months, while overall financial services complaints increased by 4%, the Financial Conduct Authority (FCA) reveals. The data shows that home finance complaints fell from 83,936 in the second… The post Home finance complaints fall in H1: FCA appeared first on Mortgage Strategy.
Foxtons-owned broker Alexander Hall said its revenue jumped 37% to £3.1m in the third quarter of the year, driven by rising home loan refinancing. It added that new purchase mortgage revenue “remained stable despite a weaker sales market,” in the three months to the end… The post Alexander Hall sees sales jump 37% in Q3 appeared first on Mortgage Strategy.
