First Mortgage has acquired Kinleigh Folkard & Hayward’s (KFH) Financial Services mortgage division. KFH is a London estate agency, with more than 50 branches across the capital. As part of the acquisition, First Mortgage will be joined by KFH’s mortgage advisory team, led by Kelly… The post First Mortgage acquires Kinleigh Folkard & Hayward’s mortgage division appeared first on Mortgage Strategy.
The number of over-65s renting rather than owning a home is rising, according to a government survey. The English Housing Survey found that 461,000 over-65s lived in private rented households in 2024/25. That is only 6% of the total 7.4 million homes where the main… The post More retirees now renting, says government survey appeared first on Mortgage Strategy.
Nationwide will cut its fixed rate mortgage range, with the lowest rate now at 3.58%. The lowest rate now stands at 3.58% and it is the first time that Nationwide has offered a fixed mortgage rate lower than 3.60% since September 2022. First-time buyers reductions… The post Nationwide launches lowest fixed rate since September 2022 at 3.58% appeared first on Mortgage Strategy.
There has been a significant rise in solo first-time buyers, Santander UK reveals, as the effects of the Financial Conduct Authority’s mortgage rule changes begin to take hold. Santander’s data shows a 13% increase in sole-borrower, first-time buyer mortgage applications received between June and October,… The post Solo first-time buyers rise 13% between June and October: Santander appeared first on Mortgage Strategy.
The average age of a first-time buyer in England has risen from 32 just before the pandemic to 34 now, official statistics show. This two-year increase in the mean age of first-time buyers occurred between the 2019/20 and 2024/25, the latest English Housing Survey reveals.… The post Average age of first-time buyer climbs 2 years since pandemic appeared first on Mortgage Strategy.
