The Prudential Regulation Authority edged closer to the regime it will use to relax rules for small lenders to cut costs and support more borrowers. The Bank of England regulator released a “near-final” version of its ‘Strong and Simple’ framework for small lenders with… The post PRA edges closer to relaxing small bank lending rules appeared first on Mortgage Strategy.
Halifax Intermediaries has made changes to its mortgage range, effective 29 October. The lender will decrease rates by as much as 0.13% on homemover first-time buyer fixed rate products up to 85% loan-to-value (LTV). It will also increase rates on homemover FTB fixed rate products… The post Halifax Intermediaries and Bucks BS make rate changes appeared first on Mortgage Strategy.
L&G’s Retail Protection business has announced that existing customers with increasing cover policies will have the flexibility to decline annual increases to their cover for up to three consecutive years. As part of this, customers will also be able to keep the option in order to… The post L&G extends increasing cover flexibility to existing customers appeared first on Mortgage Strategy.
Developer levies that help fund new towns and affordable housing should be boosted, MPs say. The housing committee’s latest report focuses on the current system of land value capture, which also helps to fund public services, such as a new doctor’s surgeries and schools. Land… The post Reformed developer levies must capture land rises to fund new towns: MPs appeared first on Mortgage Strategy.
Would you buy a lottery ticket if you had a one-in-10 chance of winning? Most people would regard that as an easy decision — to make a small outlay for the chance of a life-changing return. Although the odds of needing protection insurance are just… The post Insurance Watch: Turning scepticism into clarity appeared first on Mortgage Strategy.
