Barclays is cutting purchase rates by up to 37 basis points tomorrow, but withdrawing its best buy two-year tracker at 3.96%. The lender is making substantial reductions on a large number of products for residential purchase. Among the highlights, a three-year fixed at 75% LTV… The post Barclays to slash rates by up to 37bps tomorrow appeared first on Mortgage Strategy.
The mortgage market welcomed the Bank of England’s decision to hold base rate at 3.75% today, saying it would help bring more stability to the housing market. The Bank’s Monetary Policy Committee (MPC) voted 7/2 this morning to keep base rate at its current level.… The post MPC decision: Market says base rate hold will help bring stability appeared first on Mortgage Strategy.
The Bank of England has held interest rates at 3.75% for the fourth consecutive meeting, as widely expected by economists. Yesterday’s consumer prices index (CPI) figure for May was lower than expected and unchanged from April at 2.8%, giving the Bank’s rate-setting committee leeway to… The post MPC decision: Bank holds rates at 3.75% appeared first on Mortgage Strategy.
There is always plenty to write about when it comes to turbulence in the bridging industry — sometimes caused internally and often catalysed by external factors. The latter can be macro- or micro-political, or economic, along with aspects closer to home such as market sentiment… The post Bridging Watch: The 12-month term – shouldn’t parameters evolve? appeared first on Mortgage Strategy.
Market Harborough Building Society has launched a new guaranteed service commitment for its core bridging finance range, reinforcing its focus on delivering reliable outcomes for brokers and clients. The move builds on enhancements introduced last week, which saw the Society reduce rates by up to… The post Market Harborough BS adds service guarantee to core bridging range appeared first on Mortgage Strategy.
