Principality is trimming prices tomorrow and Market Harborough has reduced its bridging rates today. At Principality, two and five-year fixed rates within its residential range at 65% loan-to-value are being lowered by up to 10 basis points. Several residential fixed rate deals at 90% LTV will… The post Principality and Market Harborough cut rates appeared first on Mortgage Strategy.
LendInvest has launched a telephone-based business development manager (BDM) team and hired five business development associates to strengthen support for brokers. Josh Beattie and Callum McLaughlin are the lender’s new telephone BDMs, with a focus on engaging with brokers, managing leads and providing assistance. The… The post LendInvest adds telephone BDM team and five broker support roles appeared first on Mortgage Strategy.
Rents in more affordable parts of the UK are rising twice as fast as the national average, the latest index from Zoopla shows. While rent inflation for the UK as a whole slowed to 2.1%, growth in areas where rents are an average of £750… The post Rents in cheaper locations rising twice as fast as UK average: Zoopla appeared first on Mortgage Strategy.
Over half (52%) of new first-time buyers will be 65 or older by the time their mortgage matures, Experian data reveals. Experian says figures reveal the UK’s widening ‘homebuying gap’, as the average age of a first-time buyer increases to 34.7 years, up from 33.7… The post Over half of new FTBs will be 65+ by the time their mortgage matures: Experian appeared first on Mortgage Strategy.
MPs have called for sweeping reforms of the “painful” homebuying process to prevent estimated losses of almost £2bn each year from sales that fall through. Housing, Communities & Local Government select committee chair and Labour MP Florence Eshalomi is one of those pushing for change,… The post News Analysis: MPs seek homebuying reforms appeared first on Mortgage Strategy.
Ampla Finance has rebranded to Untangled today as part of its plans to expand into new areas of lending. It currently provides finance to help families access inheritance early and cover legal bills, but says its new branding is a better reflection of its growing… The post Ampla Finance rebrands to Untangled appeared first on Mortgage Strategy.
Hello, my fellow mortgage market aficionados. Once again the sector has been doing its best impression of a theme park ride designed by someone with a wicked sense of humour. The good news is that, over the past couple of weeks at least, the drops… The post Market Watch: Friendly communication appeared first on Mortgage Strategy.
Newcastle Building Society has dropped rates by up to 34 basis points and Cambridge has relaunched interest-only deals. The repriced rates at Newcastle are now live, but the lender did not share detail on which deals have changed in its email to brokers. Leeds Building… The post Newcastle cuts rates by up to 34bps and Cambridge adds interest-only deals appeared first on Mortgage Strategy.
Just 27% of Gen H’s panel consider foreign national cases straightforward to place, a survey from the lender reveals. Gen H says the findings point to systemic criteria gaps that are locking out a large and growing group of prospective homeowners. When asked to identify… The post Foreign nationals locked out of home ownership by systemic criteria gaps: Gen H appeared first on Mortgage Strategy.
June is the busiest month for property sale completions, analysis of 20 years’ of data has shown. Research by Good Move looked at Land Registry data going back to June 2006 and found it was typically the month in which the highest number of completions… The post June is the busiest month for completions: Good Move appeared first on Mortgage Strategy.
