Labour are considering equalising capital gains tax (CGT) with income tax, according to reports, which could hike landlord tax bills when selling properties. Sky News reports that Labour ministers are mulling over a draft paper that would push CGT into line with income tax. CGT… The post Labour planning to equalise CGT and income tax, report says appeared first on Mortgage Strategy.
Barclays is raising prices by up to 55 basis points tomorrow, with widespread rate increases across both buy-to-let and residential products. Existing customer deals and new business rates will both see price hikes. It comes as the average mortgage rate surged to 5.48% this morning,… The post Barclays hikes prices by up to 55bps appeared first on Mortgage Strategy.
Foundation and Family Building Society have both temporarily withdrawn products due to the current market instability. Foundation has pulled all products and says “this isn’t a decision we’ve taken lightly”. The lender says: “It’s a necessary step to ensure we can keep doing what matters… The post More lenders pull rates as turmoil continues appeared first on Mortgage Strategy.
The average mortgage rate has surged by 59 basis points since the outbreak of war climbing from 4.89% in late February to 5.48% this morning and gaining 14bps in the last day alone. Data from Moneyfacts shows the average rate across all types of product… The post Average mortgage rate 59bps higher than at start of war appeared first on Mortgage Strategy.
Landbay has introduced new small HMO and remortgage automated valuation model products to its Premier range, including a new small HMO product transfer (PT) options for existing borrowers. The buy-to-let lender has launched new two- and five-year fixed rate options, available up to 75% loan-to-value… The post Landbay adds AVMs and HMOs to Premier range appeared first on Mortgage Strategy.
Vernon Building Society has reported grew its mortgage book by 4.6% to £439.5m and £28m in new savings in 2025. The society’s annual results showed that its its retail savings balances grew by 6.2% to £474.9m last year. Vernon says demand for its specialist lending… The post Vernon BS mortgage book up 4.6% in 2025 appeared first on Mortgage Strategy.
Coventry for Intermediaries pulled all its new customer deals from sale yesterday evening and has yet to relaunch them, as other lenders are hiking rates on scores of deals today. Coventry wrote to brokers on Friday to give them notice of the product withdrawals, which… The post Coventry pulls all new customer deals as lender hikes continue appeared first on Mortgage Strategy.
One Mortgage System (OMS) has agreed a CRM partnership with Brilliant Solutions. Following a review of its existing systems, Brilliant Solutions will move its core client and case management onto the OMS platform. The change is set to centralise client data, strengthen case tracking and… The post Brilliant Solutions enters CMS partnership with OMS appeared first on Mortgage Strategy.
Pepper Money has appointed Steve Bailey and Grace Bennett as regional development managers. Bailey joins as business development manager for the South East, while Bennett takes on the role of BDM for London. Bailey joins Pepper Money with more than 20 years of experience in… The post Pepper Money expands BDM team with two appointments appeared first on Mortgage Strategy.
Energy efficiency of homes is a growing concern following recent shocks to oil prices, with 56% now saying home upgrades are essential not optional, the latest Barclays Property Insights report reveals. However, the report found that there is a high upfront price tag, with recent… The post More than half of homeowners say energy efficient upgrades now essential: Barclays appeared first on Mortgage Strategy.
