Halifax Intermediaries will increase its large loan threshold from £500,000 to £650,000 on its Premier range, effective 27 July. The lender says the change comes to “meet the needs of the evolving large loan market.” The Halifax Premier large loan team will support mortgage applications… The post Halifax Intermediares increases Premier large loan threshold to £650k appeared first on Mortgage Strategy.
A first-time buyer in England purchasing alone needs to save for nine years and five months to raise a 10% deposit and cover upfront buying costs, new research by reallymoving reveals. Reallymoving explains to buy a property at the current average FTB purchase price of… The post Solo FTBs face almost a decade of saving to get on property ladder: reallymoving appeared first on Mortgage Strategy.
There are very few occasions where our industry can look at a proposed reform and say with genuine confidence that it has the potential to improve the process for everyone involved. However, the government’s plans to introduce more upfront property information, including greater use of… The post Blog: Upfront property information is reform homebuying has been waiting for appeared first on Mortgage Strategy.
The pace of landlords selling up properties has slowed, but the Renters’ Rights Act could prevent up to 100,000 unsold homes from returning to the rental market, new research suggests. The share of homes listed for sale that were previously rented dropped to 9.2% in… The post Up to 100,000 unsold ex-rental homes could be left empty: Hamptons appeared first on Mortgage Strategy.
Afin Bank has promoted Anum Mahmood to national sales director. Mahmood first joined Afin as national key account manager and has helped bring on broker partners including L&C Mortgages and Mortgage Intelligence. Her promotion follows the launch of a new regulated bridging proposition. Mahmood has… The post Afin promotes Mahmood to national sales director appeared first on Mortgage Strategy.
Aldermore has cut rates across its special edition buy-to-let range for customers wanting to switch products. For existing Aldermore customers, the lender’s two-year buy-to-let fixed rate at 70% LTV with no fee has been cut by 35bps to 6.44%. This option is for individual and… The post Aldermore trims special edition buy-to-let rates appeared first on Mortgage Strategy.
As new Labour MP Andy Burnham prepares to become prime minister, reforming one of the UK’s most contentious housing taxes — stamp duty — may be on his to-do list. Stamp duty reformists say the tax is a barrier to homebuying, especially with high house… The post News Analysis: ‘Make tackling stamp duty a priority’ appeared first on Mortgage Strategy.
West Brom Building Society has reduced rates across its two-year fixed purchase mortgage range, with cuts of up to 0.18%. The latest changes apply across all two-year purchase products. At 95% LTV, the West Brom has reduced its two-year fixed purchase product with no fee… The post West Brom BS reduces rates across two-year purchase range appeared first on Mortgage Strategy.
Lenders continued cutting fixed rates this week as competition intensified, according to the latest Moneyfacts rate watch. The average two-year fixed rate is now 5.46%, down from 5.51% last week. The typical five-year fixed rate is also currently 5.51%, a reduction from 5.48% one week… The post More fixed rate cuts as lender competition intensifies: Moneyfacts appeared first on Mortgage Strategy.
This week’s top headlines: Barclays chops rates by up to 66bps amid further lender cuts and families could face £120,000 CGT bill on inherited homes Explore these and other major industry updates below: Barclays chops rates by up to 66bps amid further lender cuts… The post Mortgage Strategy’s Top 10 Stories: 06 July to 10 July appeared first on Mortgage Strategy.
