This week’s top headlines: Ben Thompson to leave MAB andEx-Connells chief wins fiery age discrimination and unfair dismissal cases. Explore these and other major industry updates below: Ben Thompson to leave MAB Mortgage Advice Bureau director of home moving strategy Ben Thompson is to leave… The post Mortgage Strategy’s Top 10 Stories: 10 August to 14 August appeared first on Mortgage Strategy.
Burnley has been identified as the most affordable location in the UK for first-time buyers, with average property prices of £116,000, according to a report by Barratt Homes. The figure is 63% below the UK average house price of £311,034, including London. The findings are… The post Burnley has the cheapest homes for FTBS, study reveals appeared first on Mortgage Strategy.
Average mortgage rates are down week-on-week for the first time in more than a month, according to the latest Moneyfacts rate watch. The typical two-year fix has fallen from 5.63% last week to 5.61% now, whereas the average five-year fell from 5.67% to 5.64%. The… The post Mortgage rates drop for first time in over a month: Moneyfacts appeared first on Mortgage Strategy.
Providence Equity Partners is set to buy property data firm Hometrack, it announced today. Hometrack currently services 16 of the top 20 UK mortgage lenders, as well as all of the top 14 Dutch lenders. Providence senior managing director Robert Sudo said: “Hometrack is a… The post Providence Equity Partners set to buy Hometrack appeared first on Mortgage Strategy.
Describe your firm in a few sentences. Your Local Mortgage Expert is a small mortgage advice firm based in Lesmahagow, South Lanarkshire — yes, Lesmahagow is a real place. We help clients across Scotland with everything from first-time purchases to buy-to-let properties, and we know… The post Broker Focus: Philip McLeod, mortgage expert at Your Local Mortgage Expert appeared first on Mortgage Strategy.
Pepper Money will launch its first charge mortgage proposition in Scotland this September. The launch will give Scottish intermediaries access to Pepper Money’s specialist lending proposition and regional broker support. The specialist lender already has an established second charge mortgage business in Scotland. Pepper Money… The post Pepper Money to launch first charge mortgages in Scotland appeared first on Mortgage Strategy.
Halifax Intermediaries and BM Solutions have announced rate reductions of up to 0.15%. Halifax Intermediaries will lower prices on homemover and first-time buyer prices by as much as 0.15% on selected fixed rate products. The lender will also trim prices on remortgage products by up… The post Halifax Intermediaries and BM Solutions lower rates appeared first on Mortgage Strategy.
Paragon Bank has brought back its ‘track to fix’ feature to its range of Bank base rate (BBR) tracker buy-to-let mortgages. This lets existing customers switch to an available Paragon fixed-rate switch product during the tracker term without paying an early repayment charge. The enhancement… The post Paragon brings back ‘track to fix’ feature to tracker mortgages appeared first on Mortgage Strategy.
Hampshire Trust Bank (HTB) has appointed Ashling Quinn as lending director within its development finance team. Quinn brings more than a decade of banking experience, including seven years specialising in development finance. She joins from Paragon Development Finance, where she progressed through a series of… The post HTB appoints Quinn as development finance lending director appeared first on Mortgage Strategy.
Molo has reduced rates by 12 basis points (bps) across its standard and specialist buy-to-let (BTL) product ranges. Two-year fixed rates across standard BTL now start from 3.09% and 4.87% on five-year fixed rates. Rates for specialist buy-to-let, which includes holiday lets, HMO, MUFBs and… The post Molo cuts BTL rates by up to 12bps appeared first on Mortgage Strategy.
