The mortgage market has welcomed the “festive cheer” of the Bank of England’s widely-expected decision to cut bank rate today. The Bank of England’s Monetary Policy Committee (MPC) voted to cut bank rate by 25bps to 3.75%. The bank rate was held at 4% in September… The post MPC decision: Mortgage market welcomes ‘festive’ bank rate cut appeared first on Mortgage Strategy.
The Bank of England has lowered the base rate by 0.25% to 3.75% as widely expected. The rate-setting Monetary Policy Committee voted in a 5-4 split in favour of cutting the rate, which affects a wide range of consumer loan agreements from credit card to… The post MPC decision: BoE cuts rate to 3.75% appeared first on Mortgage Strategy.
Gen H has made changes to its internal credit scoring system which will allow it to lend to more aspiring homeowners. The lender expects that approximately one in six decisions-in-principle which would have failed on credit score criteria should now pass. It says the change will… The post Gen H changes internal credit scoring system appeared first on Mortgage Strategy.
Gatehouse Bank has introduced new limited edition Home Purchase Plan (HPP) and Buy-to-Let (BTL) Refinance Fee Saver products for UK residents who are refinancing from another provider. The plans are available for a two-year or five-year fixed term with a minimum finance amount of £200,000… The post Gatehouse offers limited edition purchase plans appeared first on Mortgage Strategy.
The average house price in Great Britain will rise by 2% next year, according to Rightmove predictions. The estate agent listing website said new seller asking prices will rise by 2% by the end of 2026, after an unexpected fall in 2025 of 60bps. Rightmove… The post House prices to rise 2% in 2026, says Rightmove appeared first on Mortgage Strategy.
