Pexa has added sales and purchase functions to its existing remortgage option on its digital property exchange platform. The move follows the completion of its first digital sale and purchase transaction with Hinckley & Rugby and Muve earlier this year. The firm says: “Combining the capabilities of… The post Pexa adds sales and purchase function to property platform appeared first on Mortgage Strategy.
The number of borrowers who locked into a new deal up to six months before their previous deal matured jumped by 43% in the latest set of data from the FCA. Data collected by the regulator on uptake of the voluntary Mortgage Charter show that… The post Jump in borrowers locking in early then switching again: FCA appeared first on Mortgage Strategy.
LendInvest has appointed Dan Lohn to its development finance team as a relationship manager. With over a decade of experience in development lending and a property developer and investor himself, Lohn will be reporting to Steve Larkin, managing director of the division. Previously, Lohn worked… The post LendInvest boosts development finance team with new hire appeared first on Mortgage Strategy.
Deutsche Bank has pushed back the likelihood of a final base rate cut in 2025 by a month into December. The German bank says that an interest rate reduction in the final three months of the year was “ultimately a coin-toss between November and… The post Deutsche Bank pushes back next base rate cut forecast to December appeared first on Mortgage Strategy.
Hodge has increased the maximum loan-to-value on its Resi and Resi Retire mortgage range to 95%. The products are available to borrowers from the age of 21 with varied income types as Hodge moves towards a “lifelong lending” model. By bringing together its core and… The post Hodge lifts max LTV to 95% appeared first on Mortgage Strategy.
The share of Londoners moving away from the capital has fallen to its lowest level in 12 years, analysis by Hamptons has shown. More employers requiring staff to return to the office has been a major factor, combined with slower house price growth in the… The post Share of buyers leaving London at lowest level in 12 years appeared first on Mortgage Strategy.
New housing secretary Steve Reed has vowed to “build, baby, build” ahead of a key first meeting with Britain’s biggest developers and housebuilders this week. Reed told senior civil servants over the weekend that this will be his mantra at his new post, according… The post Housing secretary vows to ‘build, baby, build’ ahead of developers meeting appeared first on Mortgage Strategy.
Steve Reed has become the new housing secretary following the resignation of Angela Rayner over her tax affairs. He moves from his post as secretary of state for environment, food and rural affairs, which he took up after Labour won the General Election last July. The… The post Reed becomes new housing secretary after Rayner exit appeared first on Mortgage Strategy.
Following Angela Rayner’s resignation earlier today, a cabinet reshuffle has seen a series of cabinet appointments made. David Lammy, most recently in the role of foreign secretary, has been appointed deputy prime minister in the reshuffle. Yvette Cooper will now take up the foreign secretary… The post Cabinet reshuffle following Rayner resignation appeared first on Mortgage Strategy.
Angela Rayner has resigned from government after admitting to underpaying stamp duty on her £800,000 second home in Hove. She has stepped down as housing secretary, Deputy Prime Minister and as deputy leader of the Labour Party, a position to which she was elected… The post Rayner resigns from government after stamp duty affair appeared first on Mortgage Strategy.
