Nine out of 10 leaseholders would not buy another property under this tenure again, with campaigners warning it remains a “life sentence” for those trapped by soaring costs and complex rules. Despite some legislative progress, 93% of leaseholders would not buy another leasehold property, a… The post Nine out of 10 leaseholders regret their purchase: Propertymark appeared first on Mortgage Strategy.
Average rents outside London rose by 1.9% over the second quarter after a fall in the supply of available properties, the latest index from Rightmove reveals. The average advertised rent outside the capital reached a record £1,397 per month in Q2, which was 2.3% higher… The post Rents reach new high in Q2 as supply of homes limited: Rightmove appeared first on Mortgage Strategy.
Leeds Building Society has launched a new mortgage offering up to 98% LTV to help first-time buyers onto the housing ladder. The new Start Mortgage, available through the society’s broker panel, allows eligible borrowers to access lending of up to five times their household income,… The post Leeds launches 98% LTV mortgage for first-time buyers appeared first on Mortgage Strategy.
Nationwide has lowered the eligible income required for joint applicants from £100,000 to £75,000. New applicants can now borrow up to six times their income if they are a home mover or remortgaging with additional borrowing, and have an eligible income of £75,000 or more for both… The post Nationwide lowers joint income eligibility to £75k appeared first on Mortgage Strategy.
HLPartnership (HLP) has proposed leadership transition with Chris Tanner confirming his intention to step back from day-to-day executive leadership. Under Tanner’s leadership, HLP now supports nearly 600 member firms and 1,200 advisers, with annual lending volumes nearing £14 billion. He will remain involved at Josewin board… The post HLPartnership announce leadership changes appeared first on Mortgage Strategy.
