Allica Bank has dropped its arrangement fees on commercial mortgages of £750,000 and above for a limited time with the aim of boosting business growth. Arrangement fees will be waived on owner-occupier mortgages of £750,000 and above, commercial investment mortgages of £750,000 and above, and… The post Allica Bank drops arrangement fees on borrowing over £750k appeared first on Mortgage Strategy.
A growing number of landlords are operating as a full-time business and the number of properties per portfolio is increasing as the rental sector becomes more professional, new data suggests. Pegasus Insight found the average landlord portfolio has risen to 7.3 properties, up from 6.6… The post Growing number of landlords go full-time: Pegasus appeared first on Mortgage Strategy.
Andy Burnham’s plan to deliver the biggest council house building programme since the post-war period could cost the taxpayer £79bn a year for England alone, the Centre for Policy Studies has claimed. A report by the centre-right think tank has argued that Burnham’s council homes… The post Burnham’s council homes promise ‘to cost £79bn a year’: CPS appeared first on Mortgage Strategy.
Metro Bank has launched a new joint borrower, sole proprietor mortgage to help first-time buyers onto the property ladder. The mortgage allows customers to borrow over 95% and up to 100% of the value of the property. To do so, the customer will need an… The post Metro Bank launches joint borrower sole proprietor mortgage for FTBs appeared first on Mortgage Strategy.
NatWest has provided £250 million of funding to Metropolitan Thames Valley Housing (MTVH) to support the delivery of new homes and community initiatives. The investment will enable MTVH, a provider of affordable and social housing, to increase housing supply across tenures including social rent, affordable… The post NatWest provides £250m funding to MTVH for affordable housing appeared first on Mortgage Strategy.
