So-called “marathon mortgages” are fast becoming the norm, new analysis suggests, as two-thirds of borrowers aged under 30 have terms of between 30 and 40 years. The overpayment app Sprive found 66% of borrowers under 30 have mortgage terms of this length, compared with 42%… The post Mortgage terms of 30-40 years become norm for younger borrowers appeared first on Mortgage Strategy.
Much of the discussion around the abolition of Section 21 under the Renters’ Rights Act has rightly focused on improving protections for tenants and creating a more stable environment within the private rented sector (PRS). While few would disagree that renters deserve a more secure… The post Comment: The unintended consequences of the Renters’ Rights Act appeared first on Mortgage Strategy.
Broadstone Lending Advisory Services has appointed Leo Brooks and Megan Ueltschy Scheps as demand grows for independent advisory services. Brooks and Ueltschy Scheps join as senior business development managers, bringing more than four decades of combined experience across commercial banking, credit, structured finance, governance and… The post Broadstone Lending Advisory hires duo as senior BDMs appeared first on Mortgage Strategy.
TSB is cutting residential mortgage rates tomorrow by up to 20 basis points. The lender is lowering prices on two, three and five-year fixed rates for purchase by up to 20bps. Three-year fixes for remortgage will drop by 15bps. Leeds Building Society is also lowering… The post TSB to cut rates by up to 20bps appeared first on Mortgage Strategy.
Average asking prices have fallen across 11 of London’s popular commuter belt towns, while prices have risen in hotspots near Glasgow and Manchester, Rightmove analysis has found. The property portal looked at changes in house prices around the UK’s largest commuter cities: London, Manchester, Birmingham,… The post Prices fall across 11 of London’s commuter towns: Rightmove appeared first on Mortgage Strategy.
