Nationwide Building Society is cutting by up to 19 basis points tomorrow. The lender’s latest round of reductions apply across its first-time buyer, home mover and remortgage ranges with its lowest fixed rate falling to 4.52%. The move has been welcomed by brokers as it… The post Nationwide to lower rates by up to 19bps appeared first on Mortgage Strategy.
United Trust Bank (UTB) Mortgages has strengthened its residential second charge proposition with the reintroduction of lending up to 90% loan-to-value (LTV) and rate reductions of up to 60 basis points across selected Prime, Near Prime and Specialist products. The latest enhancements are designed to… The post UTB enhances resi second charge loan proposition appeared first on Mortgage Strategy.
An overwhelming majority of homeowners found the buying process stressful and faced unexpected costs, according to research from PEXA. The survey of 1,000 homeowners who have moved house in the past year found that 95% were hit with unforeseen costs and 83% described the transaction… The post Vast majority of home movers find process stressful: PEXA appeared first on Mortgage Strategy.
Castle Trust Bank has been acquired by vehicles backed by Sixth Street, a global investment firm, and affiliates of Bayview Asset Management a global alternative investment management firm. As equal partners, Sixth Street and Bayview claim to bring significant financial strength, deep expertise in credit… The post Castle Trust Bank acquired by Sixth Street and Bayview appeared first on Mortgage Strategy.
The FCA has finalised rules designed to reduce firms’ transaction reporting costs by over £100m a year. The watchdog says its new requirements from April 3, 2028 will be “smarter, simpler and more proportionate”. However, it says that transaction reports remain critical to the regulator’s… The post FCA confirms rule change to save firms £100m a year appeared first on Mortgage Strategy.
This week’s top headlines: Burnham rules out change to stamp duty in next budget and Aldermore raises max LTV to 98%. Explore these and other major industry updates below: Ex-Connells chief wins fiery age discrimination and unfair dismissal cases Former Connells chief executive David Livesey… The post Mortgage Strategy’s Top 10 Stories: 27 July to 31 July appeared first on Mortgage Strategy.
Paragon Bank has cut rates by 15bps across a selection of five-year fixed-rate buy-to-let mortgages. The cuts apply for landlords purchasing or remortgaging single self-contained properties (SSCs), houses in multiple occupation (HMOs) and multi-unit blocks (MUBs). The refreshed range includes products at 60%, 70%, 75%… The post Paragon cuts five-year buy-to-let rates by 15bps appeared first on Mortgage Strategy.
The average new fixed-rate mortgage price rose to 5.59% this week, according to the latest Moneyfacts rate watch. Moneyfacts said this was a rise of 4bps from 5.55% at the same time last week. The average new five-year fixed mortgage rate at 95% LTV has… The post Fixed-rate mortgage prices rise this week, with more to come: Moneyfacts appeared first on Mortgage Strategy.
More than 1.5 million homes across the UK could be declined for a standard mortgage by high street lenders because they fall outside traditional lending criteria, according to research from Together. The study estimates that around 6% of the UK’s 28 million residential properties would… The post More than 1.5 million UK homes deemed ‘unmortgageable’, Together finds appeared first on Mortgage Strategy.
UK residential property transactions increased slightly in June, with completed sales rising above levels seen a year earlier, according to the latest provisional figures from HM Revenue & Customs (HMRC). The seasonally-adjusted estimate shows there were 98,700 residential transactions in June 2026, marginally higher than… The post UK house sales edge up in June, says HMRC appeared first on Mortgage Strategy.
