New second charge lending rose 37% in February, according to figures from the Finance & Leasing Association (FLA). New lending rose to £214 million in the month, while new second charge agreements rose 27% to 3,904. FLA director of research and chief economist Geraldine Kilkelly… The post New second charge lending up 37% in February appeared first on Mortgage Strategy.
Vida Homeloans has expanded its proposition and made rate reductions of up to 0.72%. In addition, the new range now also includes additional 85% loan-to-value (LTV) residential products as well as fee saver and cashback residential products. There will also be cashback products available across… The post Vida drops rates by up to 0.72%, Keystone and April also lower prices appeared first on Mortgage Strategy.
Barclays is increasing buy-to-let rates by up to 53 basis points tomorrow, as well withdrawing some landlord deals and launching others. Some of the most substantial price increases are to products in its existing buy-to-let customer reward range. Within this range, a two-year fixed at… The post Barclays hikes BTL rates by up to 53bps appeared first on Mortgage Strategy.
Buildloan Limited has joined the Bridging & Development Lenders Association (BDLA) as an associate member. Buildloan, a division of the Buildstore group, specialises in self-build, custom build and renovation finance. The BDLA’s total membership exceeds 100 organisations, and the loan books of lender members total… The post Buildloan joins BDLA appeared first on Mortgage Strategy.
Lenders reported an increase in defaults on both mortgages and unsecured credit over the three months to the end of February, the latest Bank of England survey shows. The availability of secured credit increased in the three months to the end of February. Demand for… The post Defaults rise as households face pressure: BoE survey appeared first on Mortgage Strategy.
