Homes England has appointed a new chief executive nine months after its last leader stood down from the government’s housing agency. Labour says Amy Rees (pictured) will be a key part of its “mission to tackle the housing crisis and accelerate the delivery of… The post Homes England appoints Rees as CEO appeared first on Mortgage Strategy.
This week’s top headlines: Mortgage rates edge down as lenders loosen requirements, and LendInvest names new head of distribution. Explore these and other major industry updates below: Mortgage rates edge down as lenders loosen requirements: Moneyfacts Mortgage rates have dipped slightly this week as… The post Mortgage Strategy’s Top 10 Stories: 04 Aug to 08 Aug 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.
The Financial Conduct Authority will consult with firms and other stakeholders over the next six months to decide on “the best way forward” to set up an open banking standards body. The City regulator says the body, currently called the Future Entity, will support… The post FCA launches further industry talks on new open banking body appeared first on Mortgage Strategy.
Just Group results for the six months to end of June 2025 reveal an underlying operating profit of £192m down from £249m for the first half of 2024. The pension and lifetime mortgage specialist said the drop in profits was driven by lower new business… The post Half-year profits slide for Just Group appeared first on Mortgage Strategy.
The Financial Ombudsman Service said the number of complaints it dealt with fell to its lowest level in over a year, according to its latest quarterly data. It handled 68,000 complaints in the first three months of this financial year, compared to 74,600 new cases… The post Complaints to Ombudsman fall to lowest level in over a year appeared first on Mortgage Strategy.
Bank of England governor Andrew Bailey warned that the base rate would not be lowered “too quickly or by too much” after the rate-setters cut the rate to 4% from 4.25%. Bailey said: “We’ve cut interest rates today, but it was a finely balanced… The post MPC decision: Rate cuts, but ‘not too quickly’, says BoE Bailey. appeared first on Mortgage Strategy.
The Bank of England’s move to cut the base rate will lower variable mortgage product payments by almost £30 a month, data from UK Finance shows. An average tracker mortgage will fall by £28.97 a month, while a typical standard variable rate home loan… The post MPC decision: State of the mortgage market appeared first on Mortgage Strategy.
It came as little surprise that the Bank of England’s Monetary Policy Committee decided to cut base rates to 4%. Now that the expected cut has been made, what does the industry make of it? Butterfield Mortgages chief executive Alpa Bhakta said the rate cut… The post MPC decision: Industry reacts to Bank base rate cut appeared first on Mortgage Strategy.
Bluestone Mortgages has relaxed its lending criteria to include non-UK nationals who have yet to obtain indefinite leave to remain but have demonstrated long-term stability through residency and employment in Britain. The specialist lender, part of Shawbrook Retail Mortgages, says that applicants working in the… The post Bluestone Mortgages eases non-UK national lending rules appeared first on Mortgage Strategy.
