TSB is hiking rates by 50 basis points on residential and buy-to-let deals tomorrow and Skipton Building Society is raising prices by up to 25bps. The latest increases at TSB are on new customer deals and come in addition to those it previously announced last… The post TSB makes further 50bps hikes; Skipton of up to 25bps appeared first on Mortgage Strategy.
RAW Capital Partners has updated its lending criteria for new-build properties. Under the updated criteria, RAW Capital Partners will no longer apply a new build premium deduction when valuing new-build properties. Lending will now be based on current market value, subject to a maximum loan-to-value… The post RAW Capital Partners updates new build lending criteria appeared first on Mortgage Strategy.
UK Finance director of mortgages Charles Roe will be stepping down from his role on 31 March to take on a portfolio of non-executive appointments. Roe has led the mortgages function since the 2020 Covid-19 pandemic. Since joining UK Finance, Roe has led its response… The post UK Finance’s Roe to step down as director of mortgages appeared first on Mortgage Strategy.
Buyer demand has fallen by 13% in March compared to the same month last year, as surging mortgage rates and uncertainty have impacted confidence. The latest house price index from Zoopla shows that annual growth in asking prices has remained stable month-on-month at 1.3% in… The post Buyer demand drops 13% as Iran war shakes confidence: Zoopla appeared first on Mortgage Strategy.
Net borrowing of mortgage debt by individuals increased to £4.8bn in February, from £4.2bn in January, the Bank of England Money and Credit data reveals. The rise is February is also above the previous six-month average of £4.5bn. Data also shows that net mortgage approvals… The post Borrowing rises to £4.8bn in February: BoE appeared first on Mortgage Strategy.
