This week’s top headlines: Nationwide Building Society is expected to axe 600 jobs and Halifax brand to disappear after 173 years. Explore these and other major industry updates below: Nationwide ‘set to axe 600 jobs’ Nationwide Building Society is reportedly consulting on around 600… The post Mortgage Strategy’s Top 10 Stories: 29 June to 03 July appeared first on Mortgage Strategy.
The Financial Conduct Authority recently warned that too many consumers only consider later life lending when they are already under financial pressure. At the same time, we’re seeing another significant change in the housing market – the growing number of first-time buyers in their 50s… The post Blog: The biggest barrier to later life lending isn’t affordability, it’s shame appeared first on Mortgage Strategy.
The lender view Rachel Geddes, strategic lender relationship director at Mortgage Advice Bureau, interviews Jeremy Duncombe, managing director of Accord Mortgages. Geddes: How do you see ongoing lender innovation reshaping opportunities for first‑time buyers? Duncombe: Since the withdrawal of Help to Buy, first-time buyers have… The post Helping FTBs navigate today’s market (part two) appeared first on Mortgage Strategy.
Average fixed-rate mortgage prices have dropped to their lowest level since March, according to the latest Moneyfacts rate watch. Moneyfacts found that the typical two-year fix is now 5.51%, down 4bps from 5.55% last week. Meanwhile the average five-year fix dropped 3bps, also to 5.51%,… The post Average fixed rates now the lowest since March: Moneyfacts appeared first on Mortgage Strategy.
The broker view –Jeremy Duncombe managing director of Accord Mortgages interviews Rachel Geddes, strategic lender relationship director at Mortgage Advice Bureau. They look at the crucial role played by brokers in helping first time buyers to understand their options. Duncombe: How often do you… The post Blog: Helping FTBs navigate today’s market (part one) appeared first on Mortgage Strategy.
Tipton & Coseley Building Society has added a selection of 90% loan-to-value (LTV) products to its expat residential mortgage range. There are two- and five- year fixed rates available, plus a variable rate option presented as a two year discount. The Tipton’s two-year fixed residential… The post The Tipton adds 90% LTV products to expat resi range appeared first on Mortgage Strategy.
West Brom Building Society has expanded its residential mortgage offering with the launch of new interest only and discount variable products. For interest only options, the society has introduced a two-year fixed rate purchase product up to 60% loan-to-value (LTV) at 4.66% with a £999… The post West Brom expands resi range and reduces select 3 and 5-year fixes appeared first on Mortgage Strategy.
Mortgage lenders found that residential purchase and remortgage demand rose in Q2 but expect a drop in the next quarter, a survey from the Bank of England says. Lenders gave a net percentage balance score of 14.9% to demand in Q2, but expect that to… The post Purchase and remortgaging up in Q2 but decline forecast: BoE appeared first on Mortgage Strategy.
Year-on-year rental inflation reached its highest level in nearly two years in June at 6.5%, Goodlord’s rental index reveals. The index shows that in June the average cost of a rental property in England was £1,309 compared £1,229 12 months ago. The first five months… The post Rents jump in June as annual inflation hits highest level since 2024: Goodlord appeared first on Mortgage Strategy.
Atom bank has reduced rates across its Prime mortgage range. Rates have been reduced by 0.15% across the Prime mortgage range, following cuts of 0.15% in the middle of June. Rates now start at 5.14% for two- and three-year fixed rates at up to 85%… The post Atom trims prime prices, Foundation relaunches remo product and lowers rates appeared first on Mortgage Strategy.
