MQube has tokenised £1.3bn of mortgage debt on the blockchain. The tokenisation of mortgage assets via an EVM compatible chain, sees MPowered and lending arm of MQube become what is said to be the first in Europe to have its mortgage debt tokenized on-chain. The… The post MQube tokenises £1.3bn of mortgage debt on blockchain appeared first on Mortgage Strategy.
The Financial Conduct Authority will begin testing open banking finance with mortgage firms next month. The three-month ‘techsprint’ will begin on 17 November, with the regulator inviting home loans industry firms to apply for the trial “to simulate and test data sharing”. It adds:… The post FCA to run open banking mortgage tests appeared first on Mortgage Strategy.
This week’s top headlines: Santander UK’s Top CEO to step down early next year and FCA to review Consumer Duty to ensure fair treatment of UK advice firms Explore these and other major industry updates below: Santander UK CEO Regnier to step down… The post Mortgage Strategy’s Top 10 Stories: 06 Sep to 10 Oct appeared first on Mortgage Strategy.
The housing department has written to the head of the country’s planning body telling it that local planners must show development “flexibility” in their plans and formally revoked their green belt restrictions. “The current system of local plan making is too slow and cumbersome,”… The post Housing minister ‘revokes’ green belt restrictions for local planners appeared first on Mortgage Strategy.
Black & White Bridging has expanded its back-office operations with the appointment of three new team members. Jenny Murray joins as data and finances systems lead, Niamh Hunter takes on the role of associate lending manager and Helena Carr has been appointed executive assistant. Murray… The post Black & White Bridging adds to back-office operations with three hires appeared first on Mortgage Strategy.
Average two and five-year fixed rates have remained unchanged for the fourth consecutive week at 4.98% and 5.02% respectively, the latest ratewatch data from Moneyfacts reveals. The data shows average mortgage rates at three-year fixes at 95% LTV saw the biggest fall down by 4… The post Average two- and five-year fixes remain unchanged for fourth week: Moneyfacts appeared first on Mortgage Strategy.
Santander will lift most of its residential new business fixed-rate deals, as selected landlord remortgage offers reprice in both directions on Tuesday. While HSBC will raise a range of two- and five-year residential and buy-to-let fixes on Monday. Highlights from Santander include: New business rate… The post Santander reprices in both directions, HSBC lifts rates appeared first on Mortgage Strategy.
Coventry Building Society, which owns the Co-operative Bank, has begun a redundancy consultation with staff that could result in over 100 workers across the group losing their jobs, including roles among its mortgage teams. Notices were sent to staff yesterday, consulting 176 workers, with up… The post Exclusive: Coventry BS consults on over 100 job losses after Co-op merger appeared first on Mortgage Strategy.
Rightmove has urged the government to review how wide-ranging stamp duty taxes are levied at next month’s Budget, calling it “a significant barrier for many people moving home”. The call from the property website comes after Conservative leader Kemi Badenoch, in a surprise move, yesterday… The post Just 5% of homemovers and 40% of FTBs avoid stamp duty: Rightmove appeared first on Mortgage Strategy.
Almost two-thirds (58%) of second-time buyers who compared mortgage deals were considering terms of three years or longer in the 30 days to 1 October 2025, moneyfactscompare.co.uk website data reveals. The data shows that in comparison, only around one in three homeowners seeking to remortgage (34%)… The post Second-time buyers dominate demand for longer term fixes: Moneyfacts appeared first on Mortgage Strategy.
