Ecology Building Society added a new larger loan product to its mortgage range, aimed at homeowners and purchasers focused on property renovation. The society will now lend up to £2 million for renovation mortgages up to 80% loan-to-value (LTV), up from £1.25 million. Ecology’s renovation… The post Ecology BS adds larger loan product appeared first on Mortgage Strategy.
L&G’s Mortgage Club has appointed Gurpreet Chahal as key relationship manager. Gurpreet brings more than a decade of experience in the mortgage sector, having worked across Yorkshire Building Society Group and Accord Mortgages. In his new role, Chahal will act as a senior contact for… The post L&G’s Mortgage Club hires Chahal as key relationship manager appeared first on Mortgage Strategy.
Nationwide will reduce rates across its fixed mortgage range, making its lowest rate at 4.29%. The cuts support first-time buyers, home movers and people remortgaging, effective tomorrow. These latest changes will see rates reduced by up to 0.28 percentage points across two, three, five and… The post Nationwide continues to reduce rates with lowest at 4.29% appeared first on Mortgage Strategy.
Fewer tenants saw their rents increase in the first month following the introduction of the Renters’ Rights Act compared to a year ago, Hamptons’ research found. The lettings agency’s analysis of data from its parent company Connells Group suggests that despite the decrease, some of… The post Fewer tenants see rent hikes in first month of RRA: Hamptons appeared first on Mortgage Strategy.
Emap, part of Metropolis International Group, is pleased to announce the incorporation of Mortgage Finance Gazette into the Mortgage Strategy title and brand. This decision means that all in-depth news, analysis, features and comment relating to mortgage brokers, lenders, packagers, distributors, regulation and fintech will… The post Announcing the incorporation of Mortgage Finance Gazette into Mortgage Strategy appeared first on Mortgage Strategy.
This week’s top headlines: FCA sets out plan to widen mortgage access and Hodge updates criteria for large loan sizes. Explore these and other major industry updates below: Stamp duty must be reformed to help FTBs, MPs say A cross-party parliamentary committee has called… The post Mortgage Strategy’s Top 10 Stories: 08 June to 12 June appeared first on Mortgage Strategy.
Canadian novelist and playwright Robertson Davies wrote that, “The eye sees only what the mind is prepared to comprehend.” Pretty sure he wasn’t thinking about the UK protection market — but his words are apt, nonetheless. As irrational human beings, we are not always interested… The post Policy change: Protection roundtable appeared first on Mortgage Strategy.
The Association of Mortgage Intermediaries (Ami) has launched a brand refresh, which goes live on 15 June. Ami says the refresh signals both the growing recognition of its work and its core mission, which is to advocate for the professionals who help consumers navigate some… The post Ami launches brand refresh focusing on advice, mortgage and insurance appeared first on Mortgage Strategy.
Average fixed mortgage rates inched downwards again this week, according to the latest Moneyfacts rate watch. The average two-year fix is now 5.62%, down 3bps from 5.65% last week. The typical five-year fix is now 2bps lower, at 5.59%. Moneyfacts head of consumer finance Adam… The post Fixed rates inch down again this week, says Moneyfacts appeared first on Mortgage Strategy.
Rising living costs are creating an affordability challenge for protection advisers, according to new research from LSL Financial Services. A survey of brokers at LSL’s inaugural Protection Forum in May found that income protection is now seen as the area of greatest customer need. Eighty-six… The post Cost of living causes headache for protection advisers, says LSL appeared first on Mortgage Strategy.
