West Brom Building Society has cut rates by up to 24 basis points across a range of three- and five-year fixed rate mortgages, aimed at first-time buyers, home movers and people looking to remortgage. The mutual says that for FTBs and home movers, it… The post West Brom BS cuts selected 3-, 5-year rates by up to 24bps appeared first on Mortgage Strategy.
Santander UK will extend remortgage funds for customers to up to 90% of the value of their property from Tuesday. This moves the high street bank’s previous limit for borrowers looking to capital raise while remortgaging from a maximum of 85% loan to value. The lender… The post Santander extends capital raise remortgages to 90% LTV appeared first on Mortgage Strategy.
This week’s top headlines: Renter’s Rights Bill to become law as it heads for Royal Assent and over a quarter of principal firms fail to conduct AR financial crime tests: FCA Explore these and other major industry updates below: Renter’s Rights Bill to become law as… The post Mortgage Strategy’s Top 10 Stories: 20 Oct to 24 Oct appeared first on Mortgage Strategy.
Landbay has reduced buy-to-let mortgage rates across its entire range and Shawbrook has introduced new products. At Landbay, its specialist range has seen the largest cuts, with small houses in multiple occupation (HMO) and multi-unit freehold block (MUFB) products reduced by up to 25bps and… The post Landbay cuts rates by up to 25bps and Shawbrook boosts range appeared first on Mortgage Strategy.
NatWest net mortgage lending came in at £1.7bn in the third quarter of the year, up around 1% from the previous three months. Its home loans portfolio lifted 2.5% to £212.1bn from the end of the final quarter of last year, with an average… The post NatWest lifts mortgage lending by £1.7bn in Q3 appeared first on Mortgage Strategy.
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.
