This week’s top headlines: Leeds BS and Coventry cut selected mortgage rates and Monmouthshire BS goes live with Phoebus. Explore these and other major industry updates below: Leeds BS and Coventry cut selected mortgage rates Leeds Building Society is cutting residential and shared ownership… The post Mortgage Strategy’s Top 10 Stories: 27 Apr to 01 May appeared first on Mortgage Strategy.
Almost half of UK mortgage holders would struggle to meet their payments within six months of losing their income. Yet our recent research conducted with HomeOwners Alliance found that eight in 10 (86%) have no income protection in place. The protection gap is not new, but… The post Blog: Closing the protection gap: why mortgage brokers are central to the solution appeared first on Mortgage Strategy.
Average fixed-rate mortgages have fallen for the third week running, according to the latest Moneyfacts rate watch. The typical two-year fix is now 5.78%, a fall of 3bps on last week. The average five-year fix has fallen by 2bps to 5.68%. The homeloan type seeing… The post Average fixed rate falls for third week, but future uncertain: Moneyfacts appeared first on Mortgage Strategy.
Few industries would accept a system where deals regularly collapse months after they have been agreed. In mortgage lending, however, this remains an accepted risk, particularly in the period following offer. That position has become more pronounced. Panels are larger, the flow of information between… The post Blog: The role of conveyancing panel management in today’s lending appeared first on Mortgage Strategy.
Mortgage Advice Bureau (MAB) has moved its listing to the main market of the London Stock Exchange. The firm’s shares began trading on the Main Market as it opened on 1 May, alongside a move off AIM, where MAB has been listed since 2014. No… The post MAB steps up to London Stock Exchange main market appeared first on Mortgage Strategy.
