Lloyds Banking Group retained its top spot as the UK’s largest mortgage lender in the latest UK Finance rankings, as home loan finance looks set to grow over the year ahead. The group, which owns Halifax, saw its gross lending jump by 28% to £47bn… The post Lloyds and Nationwide cement top spots as largest resi and BTL lenders appeared first on Mortgage Strategy.
ISS Market Intelligence has bought Autus Data Services, a British broker-focused data firm, to boost its UK presence. London-based Autus says it provides contact data and fund intelligence on UK finance brokers, including 70,000 firms and 220,000 individuals listed on the Financial Conduct Authority… The post ISS snaps up UK broker data firm Autus appeared first on Mortgage Strategy.
A surprise jump in inflation and signs of persistent wage growth this week has led Goldman Sachs to downgrade its Bank of England rate cut expectations for the rest of the year. The US investment bank Goldman still expects a rate cut in August from… The post Goldman Sachs downgrades 2025 rate cut forecast appeared first on Mortgage Strategy.
This week’s top headlines include the Chancellor announcing reforms to add over 35,000 first-time buyer loans a year, and the departure of the former Financial Ombudsman Service chief executive due to a ‘collapse in confidence’. Explore these and other major industry updates below: Chancellor… The post Mortgage Strategy’s Top 10 Stories: 14 July to 18 July appeared first on Mortgage Strategy.
There was a degree of optimism across the mortgage market this week, with lenders lowering fixed rates and reviewing lending rules. However, as Moneyfacts finance expert Rachel Springall points out, there were fewer brands cutting rates compared to a week prior. There was a weekly… The post Fewer lenders cut rates this week: Moneyfacts appeared first on Mortgage Strategy.
The number of homes for private rent is reducing across the capital despite growing demand. This is according to official data and National Residential Landlords Association (NRLA) is warning that, without action to tackle the supply problem, renters will see their housing choices reduced even… The post London renters under pressure as number of homes to rent falls appeared first on Mortgage Strategy.
MPs have launched an inquiry into the barriers to homeownership for first-time buyers, particularly those on lower incomes. The study will look at how government supports FTBs through tax breaks, such as stamp duty, and financial products, such as special ISAs and mortgages, says… The post MPs launch inquiry into barriers to FTB homeownership appeared first on Mortgage Strategy.
Leeds Building Society has appointed Helen Cawthra and Andy Sykes as senior corporate account managers. Cawthra returns to Leeds Building Society having previously worked at the mutual between 2016 and 2018. She joins from Vida Homeloans where she was head of intermediary relationships. With 24… The post Cawthra returns to Leeds BS as Primis Sykes joins appeared first on Mortgage Strategy.
City bets on a Bank of England rate cut inched higher after data showed that the UK jobs market continues to weaken. The annual rate of pay growth in the three months between March and May slowed to 5%, according to the Office for… The post City bets on rate cut rise after weaker jobs data appeared first on Mortgage Strategy.
LendInvest Mortgages has made enhancements to its mortgages portal, making buy-to-let (BTL) product transfers more visible and accessible for its intermediary partners. As part of the updates, BTL product transfers are now displayed within the mortgages portal. Brokers will see “product transfer available” on the… The post LendInvest enhances mortgages portal for product transfers appeared first on Mortgage Strategy.
