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.
Nationwide is making further rate cuts across its fixed rate mortgage range and lowering the price on selected tracker mortgage products, effective tomorrow. The new fixed rates include remortgage reductions of up to 0.19% across two-, three-, five- and 10-year fixed rate products up to… The post Nationwide, Virgin and GB Bank reduce rates appeared first on Mortgage Strategy.
London’s prime property market is set for another summer of uncertainty as speculation mounts over tax changes under a Burnham government, Knight Frank warns. The agency says questions over Andy Burnham’s plans if he takes the helm as Prime Minister could weigh on sentiment. Average… The post London’s prime market set for ‘summer of uncertainty’: Knight Frank appeared first on Mortgage Strategy.
The Right Mortgage & Protection Network has appointed Rebecca Egerton as head of The Right Academy. In her new role, Egerton will oversee, run and develop The Right Academy, being responsible for the co-ordination of the training and development programme for non-CAS advisers within the… The post The Right Mortgage appoints Egerton as head of The Right Academy appeared first on Mortgage Strategy.
Removing stamp duty costs could bring more than 300,000 owner-occupied homes to the market across England within less than a year, a Jackson-Stops report reveals. The housing mobility report estimates that figure could rise to more than 750,000 owner-occupied homes over three years, which Jackson-Stops… The post Stamp duty reform could unlock 300,000 homes within a year: Jackson-Stops appeared first on Mortgage Strategy.
The FCA has called for government and stakeholders to build an AI-powered money service that is free to use and operates in the public interest to boost financial capability. In his landmark report on AI, Mills warns that while the technology has the power to… The post FCA calls for free AI-powered money service appeared first on Mortgage Strategy.
