Construction market output is expected to reach £168.6bn by the end of 2025, with growth driven by private housing, infrastructure investment and retrofitting, while total construction output is forecast to increase by 1.9% in 2025 and 3.7% in 2026. This is according to the sector… The post Outlook for private housing work positive: McBains appeared first on Mortgage Strategy.
Parents are willing to pay 15% premium on properties within catchment areas of top schools, which is a further £40,500 on the current UK average property price, Santander reveals. The research found that one in 10 would go as far as far as paying an… The post Parents willing to pay 15% premium on properties to be near top schools: Santander appeared first on Mortgage Strategy.
Redwood Bank has made changes to help landlords of houses of multiple occupancy (HMOs) who are struggling with rising costs and tighter margins. These include changes to costs to help release an additional £40,000, a 6% increase in loan-to-value (LTV) for refinancing a buy-to-let (BTL)… The post Redwood Bank provides landlords with HMO lending boost appeared first on Mortgage Strategy.
Simplybiz has announced the widening of its business consultancy service with the addition of a proposition designed to support advisers through the full diagnostic analysis and creation of a compliant ongoing review service. Delivered over a series of consultative sessions, the ongoing review service option… The post Simplybiz broadens business consultancy range appeared first on Mortgage Strategy.
The UK labour market continues to cool, according to the latest official figures, but the pace of change will concern Bank of England rate-setters who are weighing up whether to pause rate cuts in the second half of the year. Average wages, excluding bonuses,… The post Cooling labour market hands MPC base rate dilemma appeared first on Mortgage Strategy.
The overall choice of mortgages fell month-on-month, as shelf-life rose, the Moneyfacts UK Mortgage Trends Treasury Report data reveals. Product choice fell to 6,842 options, however, choice is up year-on-year (6,657 – August 2024). The average shelf-life of a mortgage product rose to 17 days,… The post Mortgage choice dips but shelf-life rises: Moneyfacts appeared first on Mortgage Strategy.
Newcastle for Intermediaries has made enhancements to its interest-only mortgage proposition. The lender has increased the maximum loan-to-value (LTV) from 75% to 80% and 85% LTV for part-and-part loans. In addition, the lender has added further flexibility for repayment options with multiple repayment strategies available… The post Newcastle for Intermediaries ups max LTV on interest-only products appeared first on Mortgage Strategy.
Mortgage Strategy can now confirm the names on the Advisory Board behind this year’s Mortgage Innovation & Technology Live (MIT Live) agenda. From established leaders to disruptive thinkers, this group has curated a programme packed with insight and relevance. The event will be guided by… The post Esteemed Advisory Board for MIT Live announced appeared first on Mortgage Strategy.
RAW Capital Partners has promoted Harry Burrett and Harry Downer within its sales team. Burrett, who joined RAW Capital Partners at the end of 2023, has been promoted to head of intermediary sales. In his previous role as business development manager, he ensured that intermediaries… The post RAW Capital Partners makes two sales team promotions appeared first on Mortgage Strategy.
Mortgage searches jumped 4.4% to 72,925 yesterday as the Bank of England cut the base rate to 4%, according to Twenty7Tec. However, the new data found activity fell sharply in the days leading up to the Monetary Policy Committee’s decision, with the daily average at… The post Mortgage searches pick up pace after base rate move: Twenty7Tec appeared first on Mortgage Strategy.
