Virgin Money has reduced rates on product transfers and buy-to-let (BTL) product transfers by up 0.15%. For product transfer products, selected two-year fixes will be lowered by up to 0.08%, selected five-year fixes will be cut by as much as 0.12% and selected 10-year fixes… The post Virgin Money and Nationwide trim prices appeared first on Mortgage Strategy.
The value of new mortgage commitments in the first quarter rose by 12% compared to the previous quarter to reach £78bn, but the value of mortgages advanced during the three-month period dipped by a similar amount. The latest Bank of England figures show the value… The post New mortgage agreements rose 12% in Q1: BoE appeared first on Mortgage Strategy.
CHL Mortgages has launched limited edition products and reduced rates by 30 basis points across its short-term let range. The specialist lender’s new limited edition products start from 2.70% for single dwelling properties and from 2.80% for HMO and MUFB properties with up to six… The post CHL Mortgages, HSBC, Foundation and YBS Commercial make rate changes appeared first on Mortgage Strategy.
The government must reform stamp duty as part of a package to help first-time buyers, the Housing, Communities and Local Government (HCLG) Committee said in a report today. The move is the most high-profile call to reform the property tax, and joins those of the… The post Stamp duty must be reformed to help FTBs, MPs say appeared first on Mortgage Strategy.
Hodge Bank has increased its maximum loan sizes across key loan-to-value (LTV) bands and enhanced criteria to further support borrowers and improve access to lending. The changes apply across both Hodge Resi and the Hodge Resi Retire product ranges. At 95% LTV, the maximum loan… The post Hodge updates criteria for large loan sizes appeared first on Mortgage Strategy.
