The number of homes sold in October reached 98,450, an increase of 2% compared to September, but a reduction of 2% compared to the same month last year, according to the latest HMRC property transactions data. Provisional figures, on a seasonally-adjusted basis, show that commercial… The post Home sales rise 2% in October: HMRC transactions appeared first on Mortgage Strategy.
Lloyds Banking Group is cutting the procuration fees it pays on product transfers so that they no longer match those on new business. Advisers have been told in an update this week that the fees will fall from January 5 across all the bank’s lending… The post Lloyds to cut proc fees on PTs across all brands appeared first on Mortgage Strategy.
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.
Having waited for what seemed like an eternity for the Budget – in one sense it came ‘early’! The OBR report, which is usually available hours after the Budget, was published by accident 35 minutes before. Anyone watching the BBC pre-amble to the Budget will… The post Autumn Budget 2025: Worth the wait? appeared first on Mortgage Strategy.
Nottingham Building Society says Budget plans to cut the cash Isa tax-free allowance to £12,000 are “deeply disappointing” and will hit mutuals hard. In the Autumn Budget today, Chancellor Rachel Reeves said the current £20,000 annual Isa allowance would have to include £8,000 of investment… The post Cash Isa cuts harm access to mortgages, says Nottingham BS: Autumn Budget 2025 appeared first on Mortgage Strategy.
The government will consult on the future of the Lifetime Isa, according to Budget documents published today. The consultation, in early 2026, will examine whether a new, simpler Isa could be set up to help first-time buyers purchase a property. The document added: “Once available,… The post Government could scrap Lifetime Isa: Autumn Budget 2025 appeared first on Mortgage Strategy.
