This week’s top headlines: Councils pay over £30m in incentives to landlords to house homeless and November Budget may push base rate cut into Christmas. Explore these and other major industry updates below: Two-thirds of homebuyers confused by broker fees Considerable doubt’ over further… The post Mortgage Strategy’s Top 10 Stories: 01 Sep to 05 Sep 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.
Market Financial Solutions has launched a new valuation refund offer and updated its bridging range. The specialist lender, which focuses on large and complex loans, says its valuation refund is available on its residential and commercial bridging ranges, as well as its Bridge Fusion… The post Market Financial Solutions offers valuation refund appeared first on Mortgage Strategy.
Average two, three and five-year mortgage rates shifted upwards by a basis point or two over the past week, Moneyfacts’ analysis shows. Looking at the overall averages across all LTV tiers, two-year fixed rates increased by 1 bp to 4.97%, three-year fixed rates by 2… The post Average mortgage rates inch upwards: Moneyfacts appeared first on Mortgage Strategy.
Santander has started work with Experian to trial the credit checking firm’s new work report service, which aims to simplify the vetting of income and employment information. “The work report is a quick, simple and secure way for us to verify income and employment… The post Santander pilots streamlined customer payslip proof with Experian appeared first on Mortgage Strategy.
Less than a quarter of the UK’s landlords feel planning reform will positively impact their business. This is according to a survey from specialist buy-to-let lender Landbay which found that more than three-quarters of property investors (77%) think planning reforms will not affect their BTL… The post Planning reform fails to impress UK landlords – Landbay appeared first on Mortgage Strategy.
Halifax Intermediaries has created a new build hub, which brings together the information on the lender policies on the purchase of new build homes and affordable housing schemes. It explains its definitions of newly built, refurbished and converted properties as well as detailing modern… The post Halifax adds broker new build information hub appeared first on Mortgage Strategy.
Keystone Property Finance has expanded its holiday let range to include new multi-unit holiday let products. Keystone, which introduced the new products in direct response to feedback from brokers, will now lend on properties containing up to six units. The new range includes a 5.89%… The post Keystone adds multi-unit holiday lets to range appeared first on Mortgage Strategy.
Principality Intermediaries has lowered rates by as much as 0.15% while Atom bank has made further cuts to prime and near prime prices. Principality has trimmed its residential five-year fixed 75% loan-to-value (LTV) with a fee of £1,395 by 0.15$ while its two-year fixed 75%… The post Principality lowers prices by up to 0.15%, Atom cuts prime and near prime rates appeared first on Mortgage Strategy.
One Mortgage System (OMS) has renewed its strategic integration agreement with Twenty7tec. The continued partnership enables users of the OMS platform to access Twenty7Tec’s sourcing capabilities across product, criteria and affordability. with no need to rekey. In addition, advisers can generate ESIS and Evidence of… The post OMS renews strategic integration agreement with Twenty7tec appeared first on Mortgage Strategy.
