Nationwide and Virgin Money will be cutting rates by up to 19bps on residential and buy-to-let mortgages. For Nationwide, the 19bps cut applies to existing Nationwide customers coming to the end of their current mortgage deal, specifically a three-year fixed rate at 75% LTV with… The post Nationwide and Virgin Money cut rates by up to 19bps appeared first on Mortgage Strategy.
New later life loans rose 18.4% in Q3, according to trade body UK Finance, with 39,950 loans taken out. The value of this lending was £6.5 billion, which was up 24.7% compared with the same quarter a year previously. There were 6,040 new lifetime mortgages… The post Later life lending up 18% in Q3: UK Finance appeared first on Mortgage Strategy.
Please describe your firm in a few sentences. Following a successful advisory career spanning almost two decades, I founded Arkmor Capital to provide expert advice to high-net-worth clients seeking high-value mortgage finance. My purpose is to deliver a personal service to clients by utilising both… The post Broker Focus: Alastair Keeling, managing director of Arkmor Capital appeared first on Mortgage Strategy.
The difference in average first-time buyer mortgage payments and rental costs has jumped by 36% over the past year, meaning tenants are typically £259 per month worse off new home owners. Lower interest rates, higher incomes and muted house price growth has improved first-time buyer… The post Gap between FTB mortgage costs and rent soars 36% appeared first on Mortgage Strategy.
The Financial Ombudsman Service (FOS) plans to increase its levy on financial firms by an extra £16 million. The ombudsman today launched a consultation, which included proposals to increase the current levy of £70 million to £86 million by 2026/27. The FOS is also consulting… The post FOS plans levy increase for 2026/27 appeared first on Mortgage Strategy.
