TSB has made rate cuts of up to 0.30% to products in its product transfer and additional borrowing ranges. The product transfer residential one-year fixed rate and the buy-to-let (BTL) one-year fixed rate have both been lowered by 0.30%. In the same range, residential two-year… The post TSB lowers rates by up to 0.30% appeared first on Mortgage Strategy.
The Financial Conduct Authority has begun High Court proceedings against Concept Capital Group and others over alleged unauthorised consumer investments of more than £23m in static homes. The City regulator argues that London-based CCG invited investors to put cash in static homes, which were then… The post FCA takes firm to court over £23m static homes investment scheme appeared first on Mortgage Strategy.
Nationwide has reduced rates by as much as 0.21 percentage points, with the lowest rate now at 3.74%. Effective tomorrow, rates have been cut across two-, three- and five-year fixed products. For new customers moving home, Nationwide has reduced the two-year fixed rate at 60%… The post Nationwide cuts prices with lowest rate now at 3.74% appeared first on Mortgage Strategy.
Paragon lifted mortgage lending “marginally” to £1.1bn in the nine months to June from a year ago, but lowered its guidance for the rest of 2025. The landlord lender said that earlier 2025 completions “reflected the stamp duty disruption on the opening pipeline”. The landlord… The post Paragon mortgage lending edges higher, lowers guidance appeared first on Mortgage Strategy.
Broker views on how artificial intelligence will affect their work could not be more schizophrenic – with large numbers saying it will boost business, while others fear it will take their jobs. HSBC’s latest Broker Barometer says that seven in ten brokers “are either… The post Brokers split on whether AI will help them or replace them appeared first on Mortgage Strategy.
The UK housing sector is abuzz with activity and positive news, and the new-build space is no exception. With a potentially significant uplift in housing delivery on the cards, could it be that the stars are finally aligning in our industry? One of the major… The post Housing Watch: Dot the I’s and cross the T’s appeared first on Mortgage Strategy.
Liam Coleman has been appointed interim chair of the Financial Ombudsman Service, which is undergoing widespread changes to scale back its powers and speed up its claims procedures. Coleman (pictured), a former chief executive officer of The Co-operative Bank, will take up the role on… The post Coleman named as interim FoS chair after initial recruitment ‘unsuccessful’ appeared first on Mortgage Strategy.
The Financial Conduct Authority (FCA) has revoked Carlo Palombo’s ban from the financial services industry and is ending its action against Tom Hayes following the recent Supreme Court judgment quashing their criminal convictions. Both of these convictions formed the basis upon which the FCA took… The post FCA takes no further action against Palombo and Hayes appeared first on Mortgage Strategy.
BM Solutions has launched its digital buy-to-let (BTL) service for limited companies. The new service is designed to streamline the property investment process for mortgage brokers and their clients. It aims to make the process quicker and simpler for both brokers and applicants and offers… The post BM Solutions launches digital BTL service for limited companies appeared first on Mortgage Strategy.
This week’s top headlines: The average property price continues to decline in July, and Finova appoints Richardson as chief executive officer. Explore these and other major industry updates below: Lloyds and Nationwide cement top spots as largest resi and BTL lenders Lloyds Banking Group… The post Mortgage Strategy’s Top 10 Stories: 21 July to 25 July appeared first on Mortgage Strategy.
