TSB is making further rate increases on Tuesday, this time of up to 35 basis points on product transfer deals. The lender has made several price hikes to various products already this week. TSB previously raised fixed rates by 45bps. The latest hike from TSB… The post TSB to hike product transfer rates by 35bps appeared first on Mortgage Strategy.
The lending market has been swept by a fresh wave of repricing as shifting fiscal expectations and rising swap rates put upward pressure on borrowing costs. Halifax, Nationwide and Accord make major rate hikes, while reports suggest Labour is planning to equalise CGT and income… The post Mortgage Strategy’s Top 10 Stories: 23 Mar to 27 Mar appeared first on Mortgage Strategy.
Average rates saw a sharp weekly spike this week as some product categories surged by 58 basis points and more than 50 lenders raised prices. Moneyfacts’ rate watch data shows severe increases since last Friday, but the movements have not yet been as steep as… The post Sharp jump in rates has yet to match Truss turmoil appeared first on Mortgage Strategy.
The shared ownership market is complex for homeowners to understand and lacks essential data for proper oversight, the National Audit Office (NAO) has found. The NAO singled out a lack of market data, high service charges, staircasing issues and issues with consumer redress as particular… The post Shared ownership poorly understood and complex, says NAO appeared first on Mortgage Strategy.
The latest Statutory Instruments for the Renters’ Rights Act, laid out recently in Parliament, mark the point where reform moves into reality. From 1st May, the changes are no longer theoretical. They begin to shape how landlords operate and how brokers structure and advise on… The post Blog: Why we are already seeing the impact of the Renters Rights Act appeared first on Mortgage Strategy.
