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.
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.
