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.
Fleet Mortgages has made a series of criteria enhancements designed to support a wider range of landlord borrowers and limited company structures. The buy-to-let specialist lender will now consider joint applications involving foreign nationals where at least one applicant is a British passport holder, has Indefinite… The post Fleet widens borrower and limited company criteria appeared first on Mortgage Strategy.
Nationwide and Virgin Money are increasing a range of mortgage rates from 16 July, with fixed-rate deals rising by as much as 35bps. Nationwide said it will increase selected fixed and tracker rates by up to 35bps. The increase will apply to products for first-time… The post Nationwide and Virgin Money raise rates by up to 35bps appeared first on Mortgage Strategy.
Barratt Redrow has renewed its call for the next Prime Minister to cut taxes and reduce regulation to support the housing market, as the housebuilder unveiled a £400million share buyback aimed at boosting shareholder returns. The FTSE 100 group said ministers must act on “the… The post Barratt Redrow calls on Burnham to cut taxes and unlock housing delivery appeared first on Mortgage Strategy.
Charles Street Finance has appointed Amjad Ibn-Abdul as a business development manager in the Midlands and South West. A former adviser with mainstream banks including HSBC, Lloyds and RBS, Ibn-Abdul joins from London-based lender Lakeshield, where he was a business development manager. Previously, he worked… The post Charles Street hires Ibn-Abdul as BDM for Midlands and South West appeared first on Mortgage Strategy.
Buy-to-let lender Landbay has launched a telephone sales team to support brokers throughout the application process. The team, led by telephone sales manager Jon Braddick, will focus on communication, pipeline management and broker engagement, supporting cases from decision in principle through to mortgage offer. Landbay… The post Landbay launches telephone support team appeared first on Mortgage Strategy.
