Teachers Building Society has increased the amount it will lend teachers and education professions to up to 7 times income. The society’s previous maximum was up to 5 times income, subject to affordability. The new offer applies to teachers and others working in the education… The post Teachers BS ups maximum LTI to 7x income appeared first on Mortgage Strategy.
Tell us a bit about your career to date. Having spent 37 years in financial services (20 in the mortgage sector), I’ve enjoyed a variety of roles, at RBS/NatWest/Ulster Bank, Aldermore, Newcastle Building Society, Iress, Finova and now Fignum. It’s been a continual learning journey… The post One to One: Steve Carruthers, growth director at Fignum appeared first on Mortgage Strategy.
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.
Deposits under £20,000 made up 22.1% of first-time buyer completions in October, an increase from 13.5% in the same period last year, Barclays reveals. Barclays’ latest property insights report it found that first-time buyers are increasingly overcoming cost-of-living pressures by taking out lower-deposit mortgages. First-time… The post Rise in number of FTBs choosing lower-deposit mortgages: Barclays appeared first on Mortgage Strategy.
OneDome has acquired Mortgage Intelligence from Connells Group. The deal, which also includes Mortgage Next and Life and Easy, means OneDome is now on course to arrange more than £10bn in mortgages per year via more than 550 advisers, the group says. OneDome already owns… The post OneDome acquires Mortgage Intelligence from Connells appeared first on Mortgage Strategy.
Pepper Money, HSBC and Atom have cut rates by up to 25bps on their residential mortgage ranges, with cuts to follow from NatWest. Pepper has cut rates by up to 25bps on its limited edition range. The refreshed pricing means rates start at 5.39% for… The post Atom and Pepper Money cut rates by up to 25bps appeared first on Mortgage Strategy.
