Keystone Property Finance has promoted Morgan Barnes to head of product transfers. The specialist lender says Barnes (pictured) reports to managing director Elise Coole in the newly-created role, and will lead a dedicated product transfer team, which includes a team leader and several specialists. Barnes,… The post Keystone promotes Barnes to head of product transfers appeared first on Mortgage Strategy.
The Lifetime ISA has handed a £1bn boost to the Treasury since 2021, according to a report by CBI Economics. The report, by the consultancy arm of the Confederation of British Industry, comes after the Treasury Committee last month renewed its call on the… The post LISAs hand £1bn boost to Treasury: Report appeared first on Mortgage Strategy.
Habito has appointed seven new experts in the mortgage advice team, with a further five due to join next month. Joining the new cohort is Rebecca Chesters, who joins as mortgage advice manager from Mojo Mortgages. Chesters brings a wealth of experience in digital advice… The post Habito expands mortgage advice team appeared first on Mortgage Strategy.
More than a quarter of principal corporate finance firms do not carry out financial crime risk tests of their appointed representatives, leaving them at greater risk of money laundering. The Financial Conduct Authority finds that a survey of 270 corporates revealed that 29% of… The post Over a quarter of principal firms fail to conduct AR financial crime tests: FCA appeared first on Mortgage Strategy.
Chorley Building Society has launched two new buy-to-let (BTL) fixed rate remortgages and a later life fixed rate remortgage. The 60% loan-to-value (LTV) BTL remortgages are available as a two-year fixed option and a five-year fixed option and both include a £500 cashback option. The… The post Chorley launches new remortgage products, Landbay trims prices appeared first on Mortgage Strategy.
The Bank of England must guard against cutting the interest rate “too far, or too fast,” to avoid higher inflation, warns the central bank’s chief economist. Huw Pill, who also sits on the Bank’s rate-setting Monetary Policy Committee, said high services prices and wages… The post BoE’s Pill cautions against cutting rates ‘too far, or too fast’ appeared first on Mortgage Strategy.
Activity in the mortgage market this week was relatively mixed but still muted, according to the latest data from Moneyfacts. Some notable lenders made some increases, while building societies were more inclined to make reductions. The average two- and five- year fixed rates have remained… The post Building societies tending to reduce rates in quiet week: Moneyfacts appeared first on Mortgage Strategy.
Top two headlines this week: FCA announces open banking mortgage tests and The Chancellor is looking at tax rises and spending cuts in upcoming budget. Explore these and other major industry updates below: FCA to run open banking mortgage tests The Financial Conduct Authority… The post Mortgage Strategy’s Top 10 Stories: 13 Oct to 16 Oct appeared first on Mortgage Strategy.
Paragon Bank has launched three 75% loan-to-value limited edition landlord fixed-rate loans, with rates starting at 3.29%. The specialist lender says two-year fixed-rate mortgages include a 3.29% option for single self-contained properties with an energy performance certificate rating of A to C, rising to… The post Paragon Bank launches three limited edition 75% LTV landlord loans appeared first on Mortgage Strategy.
The cost of living is forecast to hit its highest level this year, coming in at 4% when official data is published next week. Deutsche Bank expects inflation to come in at this mark, from its current 3.8%, driven by a range of items… The post Inflation preview: Hitting peak? appeared first on Mortgage Strategy.
