The Government’s newly announced Your First Home scheme has already generated significant interest across the mortgage and housing markets. A 2.5% deposit requirement, coupled with a Government-backed equity loan of up to 20% of a property’s value, has the potential to make homeownership achievable sooner… The post Blog: Your First Home a welcome step but how will it work in practice? appeared first on Mortgage Strategy.
Loans Warehouse has been selected as preferred partner to join the panel of BrokerSync, a new UK mortgage network. The partnership will see Loans Warehouse provide BrokerSync’s intermediary members with specialist support across second charge mortgages, bridging and development finance. BrokerSync launched to market in… The post Loans Warehouse joins BrokerSync panel appeared first on Mortgage Strategy.
Foundation has made rate reductions of up to 0.10% across selected buy-to-let (BTL) products and enhanced its holiday let product range. Foundation’s BTL rates currently start at 4.99% at 75% loan to value (LTV). Both two- and five-year F2 holiday let products have been reduced… The post Foundation cuts BTL rates appeared first on Mortgage Strategy.
Mortgage lenders will be given greater flexibility to offer high loan-to-income (LTI) homeloans under new rules from the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA). The regulators will remove the individual 15% cap on high LTI lending while retaining an overall market limit… The post PRA and FCA to relax high-LTI lending rules this month appeared first on Mortgage Strategy.
The latest consumer credit figures should give mortgage brokers plenty to think about, as according to the Bank of England, UK consumers net borrowing through credit cards was £1.2bn in August, up from £0.9bn in July. Net borrowing through other forms of consumer credit (such… The post Blog: Rising credit card debt puts second charges in sharper focus appeared first on Mortgage Strategy.
