It is “increasingly likely” that the Bank of England could push the interest rate up at its next meeting on 30 July or the following one on 17 September, says John Charcol mortgage technical manager Nicholas Mendes. This comes following renewed fighting in the Middle… The post Bank rate rise ‘increasingly likely’ after renewed fighting in Middle East: John Charcol appeared first on Mortgage Strategy.
Hodge has partnered with Mortgage Broker Tools (MBT) by joining its affordability-first research platform. The partnership gives MBT’s broker members access to Hodge’s specialist mortgage solutions. Using MBT’s integrated platform, advisers can run a single case and see whether Hodge is a suitable lender, based… The post Hodge partners with Mortgage Broker Tools appeared first on Mortgage Strategy.
The Cumberland Building Society has appointed Ben Hornby as relationship manager to further strengthen its support for businesses operating in the South Lakes and Lancashire region. Hornby joins The Cumberland’s commercial team, bringing with him more than a decade of experience in aiding businesses with… The post The Cumberland hires Hornby as relationship manager appeared first on Mortgage Strategy.
Afin Bank has launched a regulated bridging proposition offering lending of up to 80% loan-to-value (LTV) gross. The new proposition is being led by John Smith, who has been promoted to head of bridging at Afin Bank as part of the launch. In addition to… The post Afin Bank launches regulated bridging up to 80% LTV appeared first on Mortgage Strategy.
Families inheriting property could face Capital Gains Tax (CGT) bills of almost £120,000 under potential reforms being discussed by policymakers, according to analysis from Rathbones. The firm’s calculations suggest that abolishing the long-standing CGT uplift on death would leave beneficiaries paying tax on gains accumulated… The post Families could face £120,000 CGT bill on inherited homes appeared first on Mortgage Strategy.
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.
