The Mortgage Works has made made enhancements to support landlords who want to grow their portfolios. The lender has increased the maximum loan per property to £2 million for buy-to-let (BTL) and limited company applications up from £1.5 million previously and £1 million for let… The post The Mortgage Works enhances range to support landlords growing their portfolios appeared first on Mortgage Strategy.
Nearly 82% of mortgage brokers have used ChatGPT or other artificial intelligence tools within the past three months, new research has found. The survey, by Paradigm, revealed that almost 87% of advisers want to learn more about how to use AI in their business. However,… The post Almost 82% of brokers are using ChatGPT and other AI tools appeared first on Mortgage Strategy.
The Prudential Regulation Authority edged closer to the regime it will use to relax rules for small lenders to cut costs and support more borrowers. The Bank of England regulator released a “near-final” version of its ‘Strong and Simple’ framework for small lenders with… The post PRA edges closer to relaxing small bank lending rules appeared first on Mortgage Strategy.
Halifax Intermediaries has made changes to its mortgage range, effective 29 October. The lender will decrease rates by as much as 0.13% on homemover first-time buyer fixed rate products up to 85% loan-to-value (LTV). It will also increase rates on homemover FTB fixed rate products… The post Halifax Intermediaries and Bucks BS make rate changes appeared first on Mortgage Strategy.
L&G’s Retail Protection business has announced that existing customers with increasing cover policies will have the flexibility to decline annual increases to their cover for up to three consecutive years. As part of this, customers will also be able to keep the option in order to… The post L&G extends increasing cover flexibility to existing customers appeared first on Mortgage Strategy.
Developer levies that help fund new towns and affordable housing should be boosted, MPs say. The housing committee’s latest report focuses on the current system of land value capture, which also helps to fund public services, such as a new doctor’s surgeries and schools. Land… The post Reformed developer levies must capture land rises to fund new towns: MPs appeared first on Mortgage Strategy.
Would you buy a lottery ticket if you had a one-in-10 chance of winning? Most people would regard that as an easy decision — to make a small outlay for the chance of a life-changing return. Although the odds of needing protection insurance are just… The post Insurance Watch: Turning scepticism into clarity appeared first on Mortgage Strategy.
Virgin Money has announced product changes that will launch tomorrow (28 October). The lender has added two-year ERC free tracker rates with a fee of £999 with rates starting from 4.29% and two-year ERC free tracker rate fee-savers with rates launching from 4.99%. It has… The post Virgin launches new products, Principality Intermediaries lowers rates appeared first on Mortgage Strategy.
Offa has appointed Firoza Ismail as business development manager. Ismail brings experience from the financial sector, with expertise in Sharia-compliant finance and a strong background as a financial broker. Her career includes key roles at leading Islamic banks where she consistently demonstrated a proactive and… The post Offa hires Ismail as BDM appeared first on Mortgage Strategy.
Treasury proposals to cut the cash Isa limit in a bid to switch savers into stocks and shares investing is likely to fail and risks pushing up mortgage costs, MPs warn. The call from the Treasury Committee comes after the Chancellor is understood to… The post Cutting cash Isas likely to drive up mortgage costs: MPs appeared first on Mortgage Strategy.
