Continued mortgage lender rate cuts have dragged down rates for another week, according to financial experts Moneyfacts. The firm said the typical mortgage this week cost 4.93%, down from 4.96% last week and 4.98% the week before that. The mortgage category to see the biggest… The post Lender mortgage cuts continue to drag down average rates: Moneyfacts appeared first on Mortgage Strategy.
This week’s top headlines: FSCS limit rises to £120,000 next month and Nationwide’s lending dips as Stamp Duty tweaks hit buyers. Explore these and other major industry updates below: FSCS limit rises to £120,000 next month, regulator confirms The PRA has confirmed that the FSCS… The post Mortgage Strategy’s Top 10 Stories: 17 Nov to 21 Nov appeared first on Mortgage Strategy.
The Building Societies Association (BSA) has appointed Simon Taylor as its new chair. Taylor is chief executive of Melton Building Society and takes up his BSA role from today. He was previously deputy chair of the BSA and succeeds Julie-Ann Haines, chief executive of Principality… The post BSA appoints Melton chief Simon Taylor as new chair appeared first on Mortgage Strategy.
As a broker, you’re probably getting bored with hearing about artificial intelligence (AI) — about how it’s going to revolutionise everything from underwriting to the way you make your morning coffee. But what brokers really want to know is what AI can do for them… The post Mortgage Business Accelerator: Karl Griffin, chief executive of JammJar appeared first on Mortgage Strategy.
The streamlining of reporting requirements by the FCA will save firms over £100 million, the regulator says. The FCA receives over seven billion transaction reports per year under the Markets in Financial Instruments Directive (MiFID), which are designed to support the “cleanliness, transparency and resilience… The post FCA says its simplification of reporting rules to ‘save firms over £100m’ appeared first on Mortgage Strategy.
