Clydesdale Bank will withdraw selected variable rate loans, while launching others next week. The lender will make the following changes on Monday 6 October: Two-year discount offset products will be withdrawn, including the 80% LTV product at 5.19% for loans smaller than £1m New… The post Clydesdale Bank withdraws selected variable rates, launches others appeared first on Mortgage Strategy.
Average two and five-year fixed rates have remained unchanged for the third consecutive week at 4.98% and 5.02% respectively, despite some daily fluctuations over that period. The latest ratewatch data from Moneyfacts shows only minor movements within most loan-to-value tiers as the pace of lender… The post Average fixes unchanged from three weeks ago: Moneyfacts appeared first on Mortgage Strategy.
Adding national insurance on rental income would be a “tax on working people,” says a housing committee chaired by former Liberal Democrat leader Sir Vince Cable. His comments come after the first meeting of the Independent Housing Policy and Delivery Oversight Committee, which the… The post National insurance on rental income tax on ‘working people’: Housing body appeared first on Mortgage Strategy.
It is taking more than 11 years across the UK for first-time buyers (FTBs) to save for a 15% deposit, research from Pepper Money reveals. Using data from the UK Land Registry and ONS median salary figures, Pepper Money says if the average property value… The post FTBs have to save for 11 years for 15% deposit: Pepper Money appeared first on Mortgage Strategy.
A new broker network Altura Mortgage Finance has launched, which aims to “future-proof brokers at a time of radical change in the mortgage industry”. The London-based group starts with eight broker firms under its umbrella, and plans to target “forward-thinking brokers who want to make the… The post New broker network Altura launches with plans to ‘future-proof’ brokers appeared first on Mortgage Strategy.
Mortgage searches increased to 1,675,984 in September, compared with 1,558,230 in August, Twenty7tec data reveals. The latest figures show searches are up overall by 1.51% year on year and 7.56% month on month. While Twenty7tec says it looks like a market in recovery, it is… The post Remortgage spike masks FTB slump in September: Twenty7tec appeared first on Mortgage Strategy.
Up to 8,500 Affordable Homes that are scheduled to be built over the next year are at risk of standing empty, the Home Builders Federation has warned. The trade body says that more than 700 developments have stalled as social housing providers have reduced their… The post Up to 8,500 affordable homes at risk of standing empty appeared first on Mortgage Strategy.
Interest rates should be kept on hold for a sustained period due to “persistent” inflation, said Bank of England interest rate-setter Catherine Mann. “I prefer a longer hold . . . and make a bigger cut when you do to make it very clear… The post ‘Persistent’ inflation should mean rates stay on hold: BoE Mann appeared first on Mortgage Strategy.
Gen H launches a part capital repayment and part interest only mortgage product to support first-time buyers and those with small deposits. The product means buyers have to bring at least a 5% deposit and take up to 80% of their mortgage on an interest… The post Gen H launches part and part mortgages for buyers with small deposits appeared first on Mortgage Strategy.
West One has launched its commercial mortgage offering to the wider market across England and Wales. The commercial mortgage product range offers rates from 6.69% on semi-commercial properties and 7.44% on commercial properties. Loan-to-values (LTVs) are offered up to 75% of the vacant possession market… The post West One launches commercial mortgage offering to full market appeared first on Mortgage Strategy.
