Paragon Bank has increased its maximum loan limits across its range of buy-to-let (BTL) mortgages, as well as removing minimum income requirements for portfolio landlords. The changes to maximum loan limits include up to £800,000 at 80% loan-to-value (LTV), an increase from £750,000, up to… The post Paragon increases BTL maximum loan limits appeared first on Mortgage Strategy.
The countdown is officially on for the biggest event in mortgage innovation. Mortgage Strategy’s Mortgage Innovation & Technology Live (MIT Live) event takes place on Tuesday 9 December at Convene in central London and is uniquely designed to empower forward-thinking mortgage and protection business leaders… The post One week left before MIT Live! appeared first on Mortgage Strategy.
The Office for Budget Responsibility (OBR) chief Richard Hughes has resigned. Hughes’ resignation comes following the early release of the Autumn Budget last Wednesday. In his letter to the Chancellor Rachel Reeves, Hughes states the leak of the Budget was a “technical but serious error”.… The post OBR chief Richard Hughes resigns after Budget leak appeared first on Mortgage Strategy.
Octopus Capital has agreed a forward funding deal to support the delivery of 82 new affordable homes across Northam and Bideford in North Devon in partnership with Vistry. The investment for the homes has been made through the Octopus Affordable Housing Fund (OAHF), which invests… The post Octopus Capital and Vistry to deliver affordable homes in North Devon appeared first on Mortgage Strategy.
Mortgage and protection firm Vickers Young has joined Stonebridge. Founded in 2012 by managing director Corby Macdonald, the Leicestershire firm expanded from a sole adviser operation into a team of 12. Vickers Young says it plans to recruit up to 12 advisers each year and… The post Vickers Young joins Stonebridge appeared first on Mortgage Strategy.
Congratulations to all who attended the concert on 26 November in support of Every Youth, a charity dedicated to tackling teenage homelessness across London. The great and the good of the industry turned out in force, including Mortgage Force’s managing director Kevin Duffy who commented: “My… The post Esteemed names turn out for Take Me Home concert appeared first on Mortgage Strategy.
Bridging and commercial lender Recognise Bank has grown its loan book by over 30% during the financial year, to more than £400m. The latest figures show that the bank has also exceeded £500m in deposits for the first time. The bank also announced the opening… The post Recognise Bank grows loan book by 30%, opens new office appeared first on Mortgage Strategy.
Average three-year fixed rates fell by 4 basis points over the past week, while two and five-year deals edged down by 1bp, the latest weekly analysis from Moneyfacts shows. Following these reductions, the average for two-year fixed rates across all loan-to-value tiers is now 4.87%,… The post Three-year fixes see biggest cuts: Moneyfacts rate watch appeared first on Mortgage Strategy.
Accord is cutting rates on its residential product transfers and additional loans by up to 10bps. The lender will withdraw its current ranges on 8pm on 30 November and launch new ranges on 8am on 1 December. The new ranges will see 90% LTV rates… The post Accord trims residential PT rates by up to 10bps appeared first on Mortgage Strategy.
The number of homes sold in October reached 98,450, an increase of 2% compared to September, but a reduction of 2% compared to the same month last year, according to the latest HMRC property transactions data. Provisional figures, on a seasonally-adjusted basis, show that commercial… The post Home sales rise 2% in October: HMRC transactions appeared first on Mortgage Strategy.
