Shawbrook has expanded the use of automated valuation models (AVMs). The changes allow more cases to qualify for an AVM, helping to reduce completion times and streamline the process. More properties will now be accepted on an AVM, up to 75% loan-to-value (LTV), including light… The post Shawbrook expands use of AVMs appeared first on Mortgage Strategy.
As the Chancellor of the Exchequer has realised, it’s not easy being a landlord. And it’s about to become a whole lot more complicated with the passing of the Renters’ Rights Act. This act has been years in the making, originally in the guise of… The post Blog: Landlords need time to adjust to Renter’s Rights Act appeared first on Mortgage Strategy.
The mortgage market softened in October, with a continued drop in first-time buyer activity and total residential searches also edging lower, Twenty7tec reveals. Despite subdued demand, product choice has surged to the highest level recorded, with a record 28,835 mortgage products available in the final… The post Market slows ahead of Budget but October shows record product choice: Twenty7tec appeared first on Mortgage Strategy.
Describe your firm in a few sentences. Founded in April this year, BridgeCross Finance focuses mainly on bridging and development finance. We are interested in working closely with investors and developers who are looking to either scale portfolios or build continuously. We offer a fast… The post Broker Focus: Connor Ross, founder and specialist property finance broker at BridgeCross Finance appeared first on Mortgage Strategy.
Keystone Property Finance has introduced a series of criteria enhancements to speed up applications and save brokers time. As part of the changes, the lender has increased its maximum loan size from £2.5m to £3m and maximum portfolio loan size by £5m to £15m. Keystone… The post Keystone introduces criteria enhancements appeared first on Mortgage Strategy.
Rising longevity across the UK population is a well-established trend and understanding how longevity translates into changing consumer needs is more important than ever. The UK’s changing demographics tell part of the story – currently around half of the UK population is over 50 and… The post Blog: Advisers need to move with the changing times appeared first on Mortgage Strategy.
Rents dropped by 12% month-on-month, a major decrease following a summer and early autumn of record-breaking averages, Goodlord’s latest rental index reveals. The data found that month-on-month rents reduced in every region of England during October, dropping by an average of 12%. This brings average… The post Rents down 12% in October: Goodlord appeared first on Mortgage Strategy.
The estate agent who handled the rental of the Chancellor’s South London home has taken the blame for the failure to secure a selective license for the property while she lives in Number 11. Estate agents Harvey & Wheeler claimed responsibility for the “oversight”… The post Estate agent takes blame for Chancellor’s rent rule breach appeared first on Mortgage Strategy.
This week’s top headlines: The Renter’s Rights Bill becomes law and the Chancellor avoids probe after breaking rent licence rules Explore these and other major industry updates below: Renter’s Rights Bill becomes law as landlords call for six-month’s grace The Renters’ Rights Bill has… The post Mortgage Strategy’s Top 10 Stories: 27 Oct to 31 Oct appeared first on Mortgage Strategy.
InterBay has cut commercial mortgage rates by up to 50 basis points, while Santander will be trimming some residential deals on Monday. InterBay, which is part of OSB Group, has reduced prices within its semi-commercial range by up to 50 bps so that these now… The post InterBay and Santander cut rates appeared first on Mortgage Strategy.
