Santander will increase a wide range of product transfer rates by up to 21 basis points on Wednesday, while making a mixture of increases and reductions across its new business range. The largest increase is on a three-year fixed product transfer at 75% LTV with… The post Santander raises PT rates by up to 21bps and trims other deals appeared first on Mortgage Strategy.
GB Bank has appointed Helen Merrey as business development manager as it continues to expand its intermediary proposition. Merrey has more than a decade of experience in business development and intermediary relationship management, most recently as senior key account manager at Uinsure. She previously worked… The post GB Bank appoints new BDM appeared first on Mortgage Strategy.
Fleet Mortgages has launched a range of one-year fixed-rate buy-to-let products. The new deals are available across its standard, limited company and houses in multiple occupation and multi-unit freehold block ranges for new and existing borrowers at up to 75% loan-to-value. The standard and limited… The post Fleet launches one-year fixed rates appeared first on Mortgage Strategy.
The FCA is demanding AI platforms including ChatGPT, Gemini and Claude, introduce clearer disclaimers about financial advice generated by their models. FCA has published its latest AI update which calls on firms who deploy AI to do so safely and responsibly so consumers see the… The post FCA stresses need for disclaimers on AI-generated financial advice appeared first on Mortgage Strategy.
Coventry for Intermediaries has increased its maximum loan-to-value for interest-only borrowers from 50% to 75%. The lender has also reduced the minimum equity requirement for properties outside London and the South East from £300,000 to £200,000. Acceptable repayment vehicles include the sale of the mortgaged… The post Coventry increases max LTV for interest-only to 75% appeared first on Mortgage Strategy.
This week’s top headlines: Halifax updates intermediary site to make apps easier and NatWest becomes latest lender to cuts rates. Explore these and other major industry updates below: Halifax updates intermediary site to make apps easier Halifax Intermediaries has upgraded its online mortgage application… The post Mortgage Strategy’s Top 10 Stories: 12 Oct to 16 Oct appeared first on Mortgage Strategy.
The Office for Budget Responsibility (OBR) should assess every Budget measure for its impact on the housing market, according to an independent committee chaired by Sir Vince Cable. In its latest assessment of the government’s housing policy and delivery, the Housing Policy and Delivery Oversight… The post OBR should assess every Budget measure for its impact on housing, says committee chaired by Vince Cable appeared first on Mortgage Strategy.
Average two and five-year fixed rates remained broadly flat week on week at just under 6%. The latest weekly rate watch figures from Moneyfacts show that the average two-year fixed edged down by a single basis point to 5.96%, while the average five-year fixed was… The post Average rates continue to hover just below 6%: Moneyfacts appeared first on Mortgage Strategy.
The cost of moving house could rise as diesel prices rise, with removal firms warning that soaring fuel bills are adding to the cost of transporting customers’ belongings. Figures from the Department for Energy Security and Net Zero show that average diesel prices reached 200.04p… The post Rising diesel prices could push up cost of moving, removals firm warns appeared first on Mortgage Strategy.
The number of residential properties offered at auction rose by 8.1% year on year in September, although the number sold fell slightly, according to data from EIG. A total of 4,382 residential lots were offered at auction during the month, up from 4,053 in September… The post More homes auctioned in September, but fewer sold appeared first on Mortgage Strategy.
