The average two-year fixed is now 5.75%, up by 92 basis points since the outbreak of war, today’s data from Moneyfacts reveals. On February 26, just prior to the air strikes on Iran, the average two-year fixed rate was 4.83%. Average five-year fixed rates are… The post Average two-year fix now 5.75% after 92bps jump since outbreak of war appeared first on Mortgage Strategy.
Bristol, Belfast and Sheffield were the locations with the highest number of homes bought using Lifetime Isas last year, new data shows. Figures from savings and investment platform Moneybox reveal the average government bonus received by buyers using one of its LISA accounts to purchase… The post Bristol has the highest number of LISA-funded first-time buyers appeared first on Mortgage Strategy.
Chancellor Rachel Reeves has met with the Big Six lenders to agree support for mortgage borrowers amid soaring rates triggered by war in Iran. Reeves brought together the six largest banks and building societies, alongside UK Finance, to “take stock of the impact of the… The post Chancellor meets major banks and confirms mortgage support appeared first on Mortgage Strategy.
The mortgage industry has long treated compliance as a capacity problem. There aren’t enough hours in the day to review every file, so you review a sample and call it a risk-based approach. Nobody decided 10% for sampling was the right number. It became the… The post Blog: Sampling isn’t a strategy appeared first on Mortgage Strategy.
This April marks a decade since the introduction of the 3% Stamp Duty surcharge on buy-to-let purchases. George Osborne is now long gone from frontline politics and busy podcasting, AI-ing and a myriad of other things, but the legacy of his policy is still going… The post Blog: Stamp duty surcharge legacy visible in geography of BTL appeared first on Mortgage Strategy.
