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.
This week’s top headlines: HSBC and Gen H cut rates and Nationwide launches free credit score tool. Explore these and other major industry updates below: BetterHome Group agrees to acquire Mortgage Support Services BetterHome Group has agreed to acquire Mortgage Support Services, the parent of… The post Mortgage Strategy’s Top 10 Stories: 17 August to 21 August appeared first on Mortgage Strategy.
BM Solutions and Halifax Intermediaries have both announced rate changes to selected products. BM Solutions is making the following changes to its mortgage product range from 24 August: For its Personal Ownership Buy to Let and Let to Buy Purchase, there are rate reductions of… The post BM Solutions and Halifax cut selected rates; Vida withdraws products tweaks appeared first on Mortgage Strategy.
Over the past few years, borrowers have become accustomed to seeing fixed-rate mortgage pricing move quickly and sometimes unexpectedly. The Mini-Budget in 2022 provided perhaps the most dramatic example, but it has happened several times since. Most recently, conflict in the Middle East contributed to… The post Comment: Swap rates explained appeared first on Mortgage Strategy.
Mortgage rates edged a little bit lower this week as several lenders made a series of selective rate cuts targeting certain borrowers. A total of 19 lenders made changes this week, with 11 making net rate cuts, one made net rate increases and another lender… The post Major lenders lead repricing this week: Moneyfacts appeared first on Mortgage Strategy.
New research has revealed the best places in Britain for first-time buyers. According to the study from house buying specialist HouseBuyers4u, Dartford takes the top spot after recording the highest number of first-time buyer mortgage sales relative to its housing stock. The study analysed first-time… The post Revealed: best places in UK for FTBs appeared first on Mortgage Strategy.
