NatWest has pulled 11 landlord purchase and remortgage deals today, the bank says on its broker hub. The withdrawn buy-to-let products cover: Two-year fixed-rate purchases 75% loan to value at 3.63%, with a £3,999 product fee Five-year fixed-rate purchases 75% LTV at 4.08%, with… The post NatWest pulls 11 landlord purchase and remo deals appeared first on Mortgage Strategy.
Conservative leader Kemi Badenoch has pledged to abolish stamp duty on primary homes if the party returns to power at the next election. “Our housing market is not working as it should, said Badenoch in a surprise part of her speech at the party’s… The post Badenoch pledges to scrap stamp duty appeared first on Mortgage Strategy.
Delays to the eviction process in the courts are leaving landlords with average losses of £12,700 per property when tenants stop paying rent, the High Court Enforcement Officers Association (HCEOA) has warned. In London, the average waiting time for an eviction after a court order… The post Eviction delays cost landlords an average of £12,700: Report appeared first on Mortgage Strategy.
Together has scrapped its 1.5% loading fee on buy-to-let and commercial term loans for expats and foreign nationals. The specialist lender says BTL variable rate loans start from 8.54%, while commercial term offers begin at 8.44% — with a 7% fee. The firm adds… The post Together scraps 1.5% fee for foreign national and expat BTL deals appeared first on Mortgage Strategy.
Mortgage application numbers increased by almost 23% in September compared to the same month last year, figures from Stonebridge show. The mortgage network found that borrowers are increasingly favouring shorter-term fixes, with 64% of new fixed-rate loans taken out for three years or less, up… The post Mortgage applications surge by 23% in September: Stonebridge appeared first on Mortgage Strategy.
The Shared Ownership Council has transferred responsibility for its operator code to the New Homes Quality Board as the body winds up. The council has moved the running of its shared ownership code to the NHQB, a non-profit organisation, which sets the standard for the… The post Shared Ownership Council transfers code to NHQB as it wraps up appeared first on Mortgage Strategy.
The Mortgage Works launches limited company buy-to-let products, while Newcastle for Intermediaries refreshes its interest-only product transfer process. The Mortgage Works, the landlord loans arm of Nationwide Building Society, will add free legal options for limited company BTL on its two and five-year fixed rate… The post TMW intros ltd company loans, Newcastle refreshes interest-only PTs appeared first on Mortgage Strategy.
Pepper Money has appointed Michelle Walsh to the role of regional development Manager, covering the North West. Walsh joins Pepper Money after more than 12 years with Nationwide, most recently serving as a business development manager. Prior to joining Nationwide, she spent over a decade… The post Pepper Money appoints Walsh to North West BDM role appeared first on Mortgage Strategy.
The Equity Release Council and the Association of Mortgage Intermediaries (AMI) have launched a new joint statement, From Designing to Delivering the Future: From Summit to Shared Commitment, outlining a coordinated approach to tackling the challenges facing the later life lending market. The statement, developed… The post ERC and AMI join forces to transform later life lending appeared first on Mortgage Strategy.
The Right Mortgage & Protection Network has promoted Jack Norrey to compliance director. Norrey has been with the network since 2015, most recently as head of regulatory governance, where he oversaw product risk, financial promotions, data protection and adviser authorisations. He has helped the network… The post Right Mortgage Network appoints compliance director appeared first on Mortgage Strategy.
