TSB, Principality and Leek Building Society are the latest lenders to cut mortgage rates this week. The biggest reductions are from Leek which is slashing a number of buy-to-let rates by 30 basis points tomorrow, as well as making smaller reductions to residential deals. In… The post TSB, Principality and Leek to chop rates tomorrow appeared first on Mortgage Strategy.
The Financial Services Compensation Scheme (FSCS) limit will rise to £120,000 from 1 December, the Prudential Regulation Authority (PRA) confirmed today. The limit, currently £85,000, is the maximum a financial services customer can be compensated per institution in the case of a firm failing. The… The post FSCS limit rises to £120,000 next month, regulator confirms appeared first on Mortgage Strategy.
Primis has appointed four new members to its growing sales team. Mark Rookyard joins as regional sales director for the South East. He has experience spanning across business development and national account management. Fran Green will become regional sales director, covering North West and the… The post Primis grows sales team with new appointments appeared first on Mortgage Strategy.
The Mortgage Mum has launched a new educational YouTube series called On the Ladder. The series aims to tackle to widening disconnect between lender innovation and first-time buyer understanding. It kicks off on Monday 24 November at 10am. The launch follows renewed government focus on… The post The Mortgage Mum launches On the Ladder appeared first on Mortgage Strategy.
Leeds Building Society has launched green additional borrowing to allow its members to borrow more against their existing mortgage to make greener improvements to their homes. Following the launch of additional borrowing earlier this year, the lending stream will now allow brokers to support clients… The post Leeds BS launches green additional borrowing appeared first on Mortgage Strategy.
The Mortgage Works has lowered rates on selected buy-to-let (BTL) products by up to 0.20%. The lender has cut new business rates on its BTL one-year fixed rate (purchase and remortgage) at 2.49%, down by 0.20%, with a 2% fee, available up to 75% loan-to-value… The post The Mortgage Works and Halifax Intermediaries cut prices appeared first on Mortgage Strategy.
The Autumn Budget arrives late this year. Five days later and technically it would be the Winter Budget. While budgets tend to move the needle regardless of when they arrive, the upcoming one is poised to impact the property finance market and to hit prime… The post Bridging Watch: What the Autumn Budget could mean for the bridging market appeared first on Mortgage Strategy.
This week’s top headlines: FCA chief flags up ‘structural challenges’ to homeownership and OSB Group launches specialist BTL lender Rely Explore these and other major industry updates below: FCA chief flags up ‘structural challenges’ to homeownership The FCA’s chief executive, Nikhil Rathi, warned that… The post Mortgage Strategy’s Top 10 Stories: 10 Nov to 14 Nov appeared first on Mortgage Strategy.
Continued lender rate cuts caused the average cost of fixed-rate mortgages to fall by up to 2bps this week, according to Moneyfacts. The firm’s latest rate watch data showed that the average two-year fix fell to 4.91% from 4.92% last week, with the typical five-year… The post Average fixed rates fall after lender rate cuts: Moneyfacts appeared first on Mortgage Strategy.
Metro Bank has relaunched the 80% loan-to-value tier for its buy-to-let range and cut mortgage rates by up to 50 basis points across landlord and residential products, while Paragon has also lowered costs. Leeds Building Society is bringing out new green residential deals and additional… The post Metro relaunches 80% LTV on BTL, makes 50bps cuts, among lender updates appeared first on Mortgage Strategy.
