In just a few days we have seen nearly 10,000 mortgage product updates — and the number continues to rise. That level of movement is not typical. It reflects a market reacting quickly to external pressures, with global instability feeding through into funding costs, swap… The post Tech Watch: Sourcing alone is no longer enough appeared first on Mortgage Strategy.
Leeds Building Society has expanded its income plus mortgage range, extending higher income multiples to support homeowners looking to take their next step up the property ladder. The mutual has enhanced its affordability assessments to allow borrowing of up to six times loan to income… The post Leeds BS expands income plus mortgage range to support next steppers appeared first on Mortgage Strategy.
The average cost of renting a room across the UK has flatlined year on year at £747 per month, almost unchanged from £746 in 2025. Figures from rental website SpareRoom show the picture is consistent across much of the UK. The South West was the… The post Room rents flatline ahead of new rules: SpareRoom appeared first on Mortgage Strategy.
Vernon Building Society has appointed Louise Thorpe to the newly-created role of chief customer officer (CCO). The building society said the appointment would strengthen its executive team as it targets sustainable growth. Thorpe has been working in financial services for more than 22 years, starting… The post Vernon Building Society hires first chief customer officer appeared first on Mortgage Strategy.
Principality Building Society is increasing some rates by up to 23 basis points tomorrow and reducing others. The lender is raising prices on a number of residential deals. Among the increases, a three-year fixed at 65% loan-to-value is going up by 23bps, while two-year fixed… The post Principality raises some rates by 23bps while trimming others appeared first on Mortgage Strategy.
The second charge market has always been known for its ability to provide solutions where mainstream lending falls short, but over the past 12 months the sector has become noticeably more dynamic. We are seeing lenders move away from rigid, one-size-fits-all criteria and towards a… The post Second Charge Watch: Flexibility is reshaping the market appeared first on Mortgage Strategy.
Barclays has eased its affordability tests for borrowers, lowering the stress rate and increasing loan-to-income multiples. In an email to brokers the lender says the changes mean some clients will be able to borrow more. Barclays has reduced the stress rate on residential mortgages up… The post Barclays eases affordability restrictions appeared first on Mortgage Strategy.
Brickflow has added Pallas Capital to its panel of lender partners. The partnership provides brokers using the Brickflow platform with access to Pallas Capital’s development and bridging finance solutions. Pallas Capital’s development finance facilities includes loan sizes from £1m to £35m, up to 70% LTGDV and… The post Brickflow adds Pallas Capital to lending panel appeared first on Mortgage Strategy.
Brokers should consider whether clients are better off using a second charge loan to raise capital instead of locking into high rates on longer-term products, according to Loans Warehouse. The lender says that, particularly in the current market, brokers should be weighing up second charge… The post ‘Don’t ignore second charges,’ brokers are warned appeared first on Mortgage Strategy.
Rely, part of OneSavings Bank, has confirmed rate reductions across its range – including its limited edition products. The lender is offering a one-year fixed, 3.68% (down by 0.54%); a two-year fixed, 3.80% (down by 0.54%); and a five -year fixed, 4.73% (down by 0.49%).… The post Rate changes from Rely, Leeds BS and Clydesdale appeared first on Mortgage Strategy.
