Gen H has made rates decreases after the lender announced that swap rates have decreased. The lender has decreased all rates by 10 basis points, effective 20 July. It said: “We know it’s been a tough week. Two rate rises in quick succession is nobody’s… The post Gen H lowers prices, Keystone withdraws fixed rates appeared first on Mortgage Strategy.
This week’s top headlines: LSL appoints Nowosad as interim managing director and up to 100,000 unsold ex-rental homes could be left empty. Explore these and other major industry updates below: Nationwide and Virgin Money raise rates by up to 35bps Nationwide and Virgin Money… The post Mortgage Strategy’s Top 10 Stories: 13 July to 17 July appeared first on Mortgage Strategy.
Councils are failing to collect fines issued to rogue and criminal landlords, according to data from the National Residential Landlords Association (NRLA). That is despite an increase in the number of property inspections conducted by local authorities. The statistics, obtained under the Freedom of Information… The post Councils fail to collect fines from rogue landlords, says NRLA appeared first on Mortgage Strategy.
The price of average fixed-rate mortgages rose this week due to renewed turmoil in the Middle East, according to the latest Moneyfacts rate watch. The average two-year fixed rate rose from 5.46% last week to 5.5% on 17 July, whereas the typical average five-year fix… The post Average fixed rates rise due to Middle East turmoil: Moneyfacts appeared first on Mortgage Strategy.
Second charge mortgage new business volumes down 1% by volume and up 9% by value in May 2026, according to figures from the Finance & Leasing Association. There was £175 million of new business agreed in May, with 3,245 new agreements in the month. The… The post Second charge new business volumes fell by 1% in May: FLA appeared first on Mortgage Strategy.
Nine out of 10 leaseholders would not buy another property under this tenure again, with campaigners warning it remains a “life sentence” for those trapped by soaring costs and complex rules. Despite some legislative progress, 93% of leaseholders would not buy another leasehold property, a… The post Nine out of 10 leaseholders regret their purchase: Propertymark appeared first on Mortgage Strategy.
Average rents outside London rose by 1.9% over the second quarter after a fall in the supply of available properties, the latest index from Rightmove reveals. The average advertised rent outside the capital reached a record £1,397 per month in Q2, which was 2.3% higher… The post Rents reach new high in Q2 as supply of homes limited: Rightmove appeared first on Mortgage Strategy.
Leeds Building Society has launched a new mortgage offering up to 98% LTV to help first-time buyers onto the housing ladder. The new Start Mortgage, available through the society’s broker panel, allows eligible borrowers to access lending of up to five times their household income,… The post Leeds launches 98% LTV mortgage for first-time buyers appeared first on Mortgage Strategy.
Nationwide has lowered the eligible income required for joint applicants from £100,000 to £75,000. New applicants can now borrow up to six times their income if they are a home mover or remortgaging with additional borrowing, and have an eligible income of £75,000 or more for both… The post Nationwide lowers joint income eligibility to £75k appeared first on Mortgage Strategy.
HLPartnership (HLP) has proposed leadership transition with Chris Tanner confirming his intention to step back from day-to-day executive leadership. Under Tanner’s leadership, HLP now supports nearly 600 member firms and 1,200 advisers, with annual lending volumes nearing £14 billion. He will remain involved at Josewin board… The post HLPartnership announce leadership changes appeared first on Mortgage Strategy.
