The UK mortgage landscape has been rattled by a sudden surge in funding costs, forcing a dramatic rethink of the interest rate outlook for the remainder of the year. Industry data from Moneyfacts highlights a sharp spike in rates as hundreds of products are withdrawn,… The post Mortgage Strategy’s Top 10 Stories: 16 Mar to 20 Mar appeared first on Mortgage Strategy.
I firmly believe that the mortgage market should be like a buffet and offer something to all types of borrower. In recent months, we have seen good progress in achieving this, with increased innovation and high levels of product choice – particularly in the higher-loan-to-value… The post Housing Watch: Maximising the impact of shared ownership appeared first on Mortgage Strategy.
Nottingham Building Society has announced a further enhancement to its lending criteria, widening the range of builder incentives it will accept on new build mortgage applications. Under the updated criteria, the mutual will now accept developer incentives of up to 5% of the property’s value… The post Nottingham BS expands new build lending proposition appeared first on Mortgage Strategy.
The Financial Conduct Authority (FCA) has launched a market study of later life lending to see if the sector can be improved. The regulator said: “We are launching this market study to examine whether change is needed to enable the lifetime and retirement interest only (RIO)… The post FCA launches later life lending market study appeared first on Mortgage Strategy.
The Iran conflict demonstrates just how susceptible the UK housing market is to global geopolitical shocks. The conflict has already pushed average UK mortgage rates above 5%, led lenders to withdraw hundreds of mortgage products and recent reports indicate buyer enquiries are down due to… The post Blog: UK needs a long-term housing strategy to build resilience appeared first on Mortgage Strategy.
