Nationwide Building Society is cutting by up to 19 basis points tomorrow. The lender’s latest round of reductions apply across its first-time buyer, home mover and remortgage ranges with its lowest fixed rate falling to 4.52%. The move has been welcomed by brokers as it… The post Nationwide to lower rates by up to 19bps appeared first on Mortgage Strategy.
United Trust Bank (UTB) Mortgages has strengthened its residential second charge proposition with the reintroduction of lending up to 90% loan-to-value (LTV) and rate reductions of up to 60 basis points across selected Prime, Near Prime and Specialist products. The latest enhancements are designed to… The post UTB enhances resi second charge loan proposition appeared first on Mortgage Strategy.
An overwhelming majority of homeowners found the buying process stressful and faced unexpected costs, according to research from PEXA. The survey of 1,000 homeowners who have moved house in the past year found that 95% were hit with unforeseen costs and 83% described the transaction… The post Vast majority of home movers find process stressful: PEXA appeared first on Mortgage Strategy.
Castle Trust Bank has been acquired by vehicles backed by Sixth Street, a global investment firm, and affiliates of Bayview Asset Management a global alternative investment management firm. As equal partners, Sixth Street and Bayview claim to bring significant financial strength, deep expertise in credit… The post Castle Trust Bank acquired by Sixth Street and Bayview appeared first on Mortgage Strategy.
The FCA has finalised rules designed to reduce firms’ transaction reporting costs by over £100m a year. The watchdog says its new requirements from April 3, 2028 will be “smarter, simpler and more proportionate”. However, it says that transaction reports remain critical to the regulator’s… The post FCA confirms rule change to save firms £100m a year appeared first on Mortgage Strategy.
