Around 3.5 million potential first-time buyers have dropped out of the housing market since the 2008 financial crisis, the latest data from the Intermediary Mortgage Lenders Association shows. These buyers “who might have expected to buy a home since the financial crisis are still waiting… The post FTB black hole grows to 3.5 million fewer homes since financial crisis: Imla appeared first on Mortgage Strategy.
Mortgage Strategy Awards 2025 Personality of the Year Can you give us an overview of your career to date? The story of my career falls into three chapters: financial advice, business development and business leadership. But the prologue was football. I was the youngest in my… The post One to One: Jason Berry, group sales director, Crystal Specialist Finance appeared first on Mortgage Strategy.
This week’s top stories: FCA consults on mortgage rule review and Barclays UK appoints McCormack head of mortgage intermediaries. Explore these developments and more: FCA consults on mortgage rule review The Financial Conduct Authority (FCA) has launched a wide-ranging review of mortgage rules to… The post Mortgage Strategy’s Top 10 Stories: 23 Jun to 27 Jun appeared first on Mortgage Strategy.
Santander UK has improved its affordability rates on new build homes, which will allow customers to borrow more than £5,600 of extra cash. The lender says its new calculations “consider features particular to owning new build properties, including their lower running costs when compared… The post Santander boosts new build affordability appeared first on Mortgage Strategy.
Coventry for intermediaries has cut residential and buy to let rates by up to 10bps, with lower options available for new and existing customers. Offers include a 3.95% two-year fixed rate to end of December 2027, 65% LTV, with £999 fee – available for residential… The post Coventry and TML reveal rate cuts across ranges appeared first on Mortgage Strategy.
The Financial Conduct Authority has “immediately” scrapped collecting three data sets, which affect mortgage brokers and other intermediaries. The watchdog says the move is part of its wider transforming data collection programme, which aims to make it “a smarter, more data-driven, and proportionate regulator… The post FCA ‘immediately’ scraps three reporting data sets appeared first on Mortgage Strategy.
Together has lowered rates for its Buy-to-Let products for landlords switching from bridging loans to longer-term finance. The new Buy-to-Let Retention product range will see rates reduced by 25bps on first and second charge property loans for landlords refinancing to exit their original Together… The post Together introduces reduced rate BTL retention product range appeared first on Mortgage Strategy.
Halifax Intermediaries has told brokers it will make changes to the way high loan-to-value mortgages should be entered on its hub from next week. The lender says: “After Monday 30 June applications for mortgages above 90% LTV to 95% LTV are accepted as before,… The post Halifax makes hub change for high LTV products appeared first on Mortgage Strategy.
Mortgage holders are on track to see their incomes fall by an average of 1% over the next five years, “as high interest rates bear down on households coming off fixed-rate deals”, says a Resolution Foundation report. The thinktank describes the outlook for living standards… The post High rates will see mortgagor incomes fall by 1%: Resolution Foundation appeared first on Mortgage Strategy.
Fleet Mortgages has made changes to its lending criteria for limited company borrowers, with an overhaul of its policy on lending to special purpose vehicles (SPVs). The criteria changes mean Fleet Mortgages can now support more layered ownership models and corporate configurations. It has updated… The post Fleet changes policy on SPV lending appeared first on Mortgage Strategy.
