Generation Home is increasing selected mortgage rates by up to 15bps from 12 October, citing rising swap rates. The lender has announced increases across its three- and five-year mortgage products. All three-year rates will rise by 10bps, while five-year products at 60–80% loan-to-value (LTV) will… The post Generation Home increases mortgage rates as swap costs rise appeared first on Mortgage Strategy.
This week’s top headlines: YBS lowers rates by up to 0.50% and average household disposable income rises to £39,200. Explore these and other major industry updates below: YBS lowers rates by up to 0.50% Yorkshire Building Society has cut mortgage rates across its range, with… The post Mortgage Strategy’s Top 10 Stories: 05 Oct to 09 Oct appeared first on Mortgage Strategy.
The average fixed rate mortgage price crept up again this week, despite promising signs of rate cuts from major lenders, according to Moneyfacts. The latest Moneyfacts rate watch found that the average two-year fixed rate is now 5.97%, up 1bps on 5.96% at the same… The post Fixed rate prices rise again despite major lender cuts: Moneyfacts appeared first on Mortgage Strategy.
Millions more households could benefit from stricter repair deadlines for landlords, as the government launches a consultation on extending Awaab’s Law to private rented homes and other types of accommodation. Awaab’s Law was introduced in social housing last year, establishing legal deadlines for landlords to… The post Awaab’s Law could extend to private renters under government plans appeared first on Mortgage Strategy.
Mortgage brokers are facing increasing pressure from lengthy conveyancing delays as homebuyers wait months to exchange and risk seeing mortgage offers expire before they can complete. In September, 42% of recent homebuyers surveyed by Lyons Bowe Solicitors said conveyancing was the biggest factor slowing or… The post News Analysis: Conveyancing hold-ups worsen appeared first on Mortgage Strategy.
