United Trust Bank has boosted criteria for residential and second charge mortgages to provide more flexibility on benefits income, later life lending and automatic valuations. The lender will now allow a wider range of benefits as part of its residential affordability checks. Following the update… The post UTB eases rules on benefits, older borrowers and second charges appeared first on Mortgage Strategy.
Lendlord has launched new tools to help landlords ensure they are ready to comply with the Renters’ Rights Act as deadlines loom. The property management and lending platform says its new solution will support landlords in meeting their obligations. The government requires landlords to provide… The post Lendlord launches Renters Rights’ Act tool for landlords appeared first on Mortgage Strategy.
Vernon Building Society has appointed Damien Sabbaghe as intermediary business development manager (BDM). The lender said Sabbaghe (pictured) would strengthen its intermediary mortgage proposition for brokers across England and Wales. Sabbaghe will be an “in the field” BDM with a remit to grow Vernon’s national… The post Vernon Building Society appoints Sabbaghe as BDM appeared first on Mortgage Strategy.
Leeds Building Society is making a number of changes to new and existing customer rates, including increases as well as some reductions of up to 30bps from tomorrow. The lender is launching residential fixed rates for new customers, as well some limited company buy-to-let deals… The post Leeds BS cuts some rates by up to 30bps but increases others appeared first on Mortgage Strategy.
Limits on high loan-to-income (LTI) mortgage lending could be relaxed under new plans proposed by the FCA and PRA. Currently lenders that want more than 15% of their residential mortgage book to exceed an LTI of 4.5x must apply to the regulator first. This has… The post FCA and PRA consider relaxing high-LTI lending rules appeared first on Mortgage Strategy.
Nottingham Building Society has appointed Cara Bell as its deputy chief financial officer designate as Anthony Murphy announces he will depart the society in May. Bell brings over 20 years of experience across regulated banking, fintech, asset management, and global mid cap organisations. She joins… The post Nottingham BS hires Bell as deputy CFO appeared first on Mortgage Strategy.
HLPartnership (HLP) has appointed Jon Cooke as board adviser with the aim of strengthening links between estate agency firms and its mortgage and protection network. Cooke brings more than three decades of experience in estate agency leadership, growth strategy and mergers and acquisitions. He founded… The post HLPartnership appoints Cooke as board adviser appeared first on Mortgage Strategy.
Barclays will be increasing rates by up to 40 basis points tomorrow on many of its products, while also trimming prices on some deals. The lender is raising scores of existing customer rates on residential deals for purchase and remortgage. Many of its most substantial… The post Barclays makes mix of price increases and reductions appeared first on Mortgage Strategy.
