This week’s top headlines: Virgin, Nationwide and Principality lift mortgage rates and ‘mortgage prisoners’ lose Court of Appeal challenge against TSB. Explore these and other major industry updates below: Virgin, Nationwide and Principality lift mortgage rates Virgin Money will increase selected mortgage rates across… The post Mortgage Strategy’s Top 10 Stories: 02 Feb to 06 Feb appeared first on Mortgage Strategy.
Santander UK has appointed Ben Merritt as head of mortgage trading. Merritt joins Santander from Yorkshire Building Society, where he was director of mortgages, as well as an executive director at Accord. Merritt will report into David Morris, Santander UK’s head of homes. Merritt will… The post Santander UK hires Merritt from Yorkshire Building Society appeared first on Mortgage Strategy.
Coventry for intermediaries has cut selected residential rates, with reduced options available for new and existing customers. Rates have reduced by up to 10bps with two, three and five-year fixed rates available. A number of these products are specifically aimed at supporting first time buyers… The post Rate reductions from both Coventry and Newcastle appeared first on Mortgage Strategy.
Fixed-rate mortgage pricing continued to rise this week, according to the latest Moneyfacts Rate Watch. The typical two-year fix rose 1bps to 4.86%, with the average five-year fix increasing by 3bps to 4.96%, Moneyfacts found. Last week the typical two-year fix was priced at 4.85%… The post Fixed-rate mortgage prices continue upwards creep: Moneyfacts appeared first on Mortgage Strategy.
