Leeds Building Society has strengthened its intermediary distribution team with the appointment of Michelle Ward. Ward joins Leeds from Virgin Money and Clydesdale Bank, where she held the role of national accountmanager. With more than 25 years’ experience in the mortgage industry, she brings extensive… The post Leeds BS expands intermediary distribution team with Ward appointment appeared first on Mortgage Strategy.
Mortgage rates showed signs of stability this week as the conflict in the Middle East began to ease, according to the latest Moneyfacts rate watch. Average two- and five-year fixed rates remain unchanged from 6 April, at 5.9% and 5.78% respectively. However, the average two-year… The post Mortgage rates start to stabilise as conflict eases: Moneyfacts appeared first on Mortgage Strategy.
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.
Vida Homeloans and Precise are set to withdraw their product ranges this week to reprice, including some reductions of up to 30 basis points. Vida notified brokers that it will be withdrawing its full product range including both new business and product transfer deals at… The post Vida to cut rates by 30bps and Precise to drop prices appeared first on Mortgage Strategy.
The UK’s houses in multiple occupation (HMO) market has seen a 40% increase in license applications since 2018, according to research from Just Landlords. The research suggests that landlords are increasingly picking shared housing to meet demand for affordable and quality living spaces. Just Landlords… The post HMO market sees 40% license boost since 2018 appeared first on Mortgage Strategy.
Foundation has launched of a series of limited edition buy-to-let products across its F1, HMO and holiday let ranges. Within its F1 range, Foundation has added limited edition two- and five-year, fixed-rate products. Offered at rates of 5.59% for the two-year fix, and 5.99% for… The post Foundation launches limited edition BTL products appeared first on Mortgage Strategy.
