Vida Homeloans has updated its residential lending criteria, increasing the maximum loan-to-value (LTV) to 90% for purchase at undervalue cases. The lender will increase the maximum advance to 100% of the discounted purchase price for landlord-to-tenant purchases, subject to a maximum of 90% of the… The post Vida raises LTVs to 90% on purchase at undervalue cases appeared first on Mortgage Strategy.
The Bank of England has increased the interest rate by 0.25% to 4%, the first hike since August 2023. Members of the Monetary Policy Committee (MPC) voted by a majority of 8-1 in favour of increasing the base rate by 0.25% in line with most… The post Bank of England hikes interest rate to 4% appeared first on Mortgage Strategy.
UK banks and building societies have set out a range of new initiatives that will improve access to banking for those who face barriers to financial services, as well as their carers, legal delegates and supporters. As part of HM Treasury’s Financial Inclusion Strategy, UK… The post UK Finance sets out new initiatives to improve access to banking appeared first on Mortgage Strategy.
UK housebuilding activity fell at its fastest pace this year in October amid rising borrowing costs and weak consumer confidence, according to S&P Global. The residential construction activity index dropped to 35.1, its lowest level since December 2025 and well below the 50 mark that… The post Housebuilding activity falls at fastest pace this year: S&P appeared first on Mortgage Strategy.
The mortgage market has welcomed the Bank of England decision to raise base rate today. Experts said the 25bps rise, to 4%, was needed to cool inflation, and should not lead to a rise in fixed-rate mortgage pricing. The Bank’s Monetary Policy Committee (MPC) voted… The post MPC decision: Mortgage market backs base rate hike appeared first on Mortgage Strategy.
