Nationwide will offer lending at up to six times income at 95% loan to value on new build homes for first-time buyers. The mutual’s Helping Hand mortgage boost product allows FTBs to borrow a third more than the standard high LTV lending at 4.5 times income… The post Nationwide increases 95% loans, extends mortgage offers appeared first on Mortgage Strategy.
ModaMortgages has launched eight new limited edition 75% loan-to-value (LTV) single dwelling and houses in multiple occupation (HMO) products. The new products have two-year fixed rates starting from 3.24% and five-year fixed rates from 4.69%, with a choice of either a 3% or 5.5% product… The post ModaMortgages launches limited edition 75% LTV BTL range appeared first on Mortgage Strategy.
One Mortgage System (OMS) has teamed up with MT Finance to become its origination platform partner for its buy-to-let (BTL) proposition. The partnership will provide MT Finance with the platform to host a range of tools and customisable solutions to provide a better experience for… The post MT Finance selects OMS as its origination platform partner appeared first on Mortgage Strategy.
Tandem Bank has appointed Neil Chandler as chief executive officer. Chandler brings experience in leadership, banking and technology to Tandem, spending more than 30 years in senior banking, eCommerce, retailer finance and technology roles. Most recently, he served as CEO of digital bank and banking-as-a-service… The post Tandem Bank appoints Chandler as CEO appeared first on Mortgage Strategy.
Morpheus has boosted its senior team by adding two members as the digital-only bridging lender continues to expand since its launch last year. The business has appointed Sonny Gohel (pictured) and Stuart Dunk to the firm that launched in May 2024. Gohel joins the… The post Morpheus adds pair to senior team appeared first on Mortgage Strategy.
Vernon Building Society has reported a 158% increase in its retirement interest-only (RIO) mortgages from Jan to May 2025 compared to the same period in 2024. According to the society,the trend for retirees to access the wealth tied up in their property to fund retirement… The post Vernon BS sees major uptick in RIO mortgages appeared first on Mortgage Strategy.
There is renewed confidence in the market as more borrowers anticipate that mortgage rates will fall, Twenty7tec data suggests. Last month, nearly half of all mortgage searches and European Standardised Information Sheet (ESIS) documents focused on short-term fixes. Of the 1.92 million ESIS documents generated… The post Borrowers confident in the market as they anticipate reduction in mortgage rates: Twenty7tec appeared first on Mortgage Strategy.
HM Land Registry completed over 1.82 million applications to change or query deeds in May, down 0.3% from the previous month and 6.7% lower than a year ago. The latest data from the land title body comes as ‘work to rule’ action by workers… The post Land Registry completions fall almost 7% as ‘work to rule’ enters sixth month appeared first on Mortgage Strategy.
This week’s top stories: Former Metro heads breached rules on £7.4bn mortgage package and Reeves to set out 10-year multi-billion homes and infrastructure plan. Explore these developments and more: Banco Sabadell explores TSB sale Banco Sabadell, owner of TSB, is considering selling the UK lender… The post Mortgage Strategy’s Top 10 Stories: 16 Jun to 20 Jun appeared first on Mortgage Strategy.
Hope Capital has introduced a loan aimed at developers who want to convert commercial buildings into residential, or semi-commercial, properties. The specialist short-term lender says the exclusive loan has a flat rate of up to 70% loan to value at 0.92%, a reduction from the… The post Hope Capital launches mixed-use property loan appeared first on Mortgage Strategy.
