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.
The UK construction industry is expected to rebound strongly over the next two years despite a turbulent start to 2026, according to the latest forecast from Glenigan. Published today, Glenigan’s Summer 2026 Construction Forecast predicts that construction activity will increase by 13% between 2026 and… The post Construction recovery on course despite rocky start to 2026, says Glenigan appeared first on Mortgage Strategy.
Calls for rent freezes returned to the political agenda recently when Rachel Reeves declined to rule out such intervention as a means of tackling rising housing costs. The chancellor’s comments reignited a long-running debate. Possible contenders for Labour leadership Andy Burnham and Mayor of London… The post Comment: Rent controls: a policy doomed to fail appeared first on Mortgage Strategy.
Landbay has reduced rates across its core and specialist buy-to-let ranges by up to 20 basis points. The lender has cut rates across products in both ranges, with reductions applying to standard buy-to-let as well as specialist lending areas including holiday lets, houses in multiple… The post Landbay lowers rates by up to 20bps appeared first on Mortgage Strategy.
Shariah-compliant, cross-border bank, Nomo, has joined the lender panel of mortgage distributor, Paradigm Mortgage Services. Nomo provides Shariah-compliant residential and BTL property finance to residents of Kuwait, UAE, Saudi Arabia, Qatar and Bahrain who are looking to purchase or refinance property in the United Kingdom… The post Nomo joins Paradigm’s lender panel appeared first on Mortgage Strategy.
The number of outstanding interest-only mortgages shrank by almost 18% to 445,000 by the end of 2025 compared to 2024, UK Finance data shows. Outstanding mortgages on a part interest-only and part repayment also fell by just over 10% to 156,000 over the same period.… The post Interest-only stock shrinks 18% in a year: UK Finance appeared first on Mortgage Strategy.
