Principality is trimming prices tomorrow and Market Harborough has reduced its bridging rates today. At Principality, two and five-year fixed rates within its residential range at 65% loan-to-value are being lowered by up to 10 basis points. Several residential fixed rate deals at 90% LTV will… The post Principality and Market Harborough cut rates appeared first on Mortgage Strategy.
LendInvest has launched a telephone-based business development manager (BDM) team and hired five business development associates to strengthen support for brokers. Josh Beattie and Callum McLaughlin are the lender’s new telephone BDMs, with a focus on engaging with brokers, managing leads and providing assistance. The… The post LendInvest adds telephone BDM team and five broker support roles appeared first on Mortgage Strategy.
Rents in more affordable parts of the UK are rising twice as fast as the national average, the latest index from Zoopla shows. While rent inflation for the UK as a whole slowed to 2.1%, growth in areas where rents are an average of £750… The post Rents in cheaper locations rising twice as fast as UK average: Zoopla appeared first on Mortgage Strategy.
Over half (52%) of new first-time buyers will be 65 or older by the time their mortgage matures, Experian data reveals. Experian says figures reveal the UK’s widening ‘homebuying gap’, as the average age of a first-time buyer increases to 34.7 years, up from 33.7… The post Over half of new FTBs will be 65+ by the time their mortgage matures: Experian appeared first on Mortgage Strategy.
MPs have called for sweeping reforms of the “painful” homebuying process to prevent estimated losses of almost £2bn each year from sales that fall through. Housing, Communities & Local Government select committee chair and Labour MP Florence Eshalomi is one of those pushing for change,… The post News Analysis: MPs seek homebuying reforms appeared first on Mortgage Strategy.
