Nottingham Building Society has announced a new series of lending enhancements, with the highlight being the inclusion of ex local authority flats. The society will now lend on any flats previously owned or managed as social housing but now part of the private market -… The post Nottingham BS broadens lending criteria for ex-local authority flats appeared first on Mortgage Strategy.
For brokers, the underwriting department is where a mortgage application’s fate is decided, with the underwriter acting as the gatekeeper to approval. With a high volume of borrowers coming off historically low fixed-rate mortgages over the past year, lenders’ underwriting teams have been busy. For… The post MFG Rated for Service 2026 – Processing that performs appeared first on Mortgage Strategy.
Average two- and five-year fixed rate mortgage rates have both topped 5% as the inflationary impact of the Middle East conflict causes lenders to rush to reprice. The average two-year fix is now 5.01%, up from 4.84% on March 6, while the typical five-year fix… The post Average fixed rate tops 5% as lenders rush to reprice: Moneyfacts appeared first on Mortgage Strategy.
For brokers, a good business development manager is worth their weight in gold when it comes to getting a mortgage application across the line. This is especially true for brokers in the complex and non-standard markets, where effective sales support and clear communication from lenders… The post MFG Rated for Service 2026 – There for brokers when it matters appeared first on Mortgage Strategy.
Demand among renters has fallen by 14% over the last year, while the number of homes available for rent has increased by 11% over the same period, Zoopla reveals. Zoopla’s latest rental market report show the result has been less competition between renters with 4.8… The post Renter demand falls 14% in last 12 months: Zoopla appeared first on Mortgage Strategy.
