Tipton & Coseley Building Society has introduced several new products, with a particular focus on limited company buy-to-let (BTL) and expat borrowers. Among the changes is the addition of a two-year fixed rate of 5.89% for limited company BTL purchases. The loan-to-value (LTV) ratio is… The post The Tipton adds new products appeared first on Mortgage Strategy.
Barclays, TSB, Skipton Intermediaries, Nottingham Building Society and The co-operative bank for intermediaries have become the latest lenders to hike mortgage rates. TSB is pushing rates up on all fixed house purchase products by 0.15%. In addition the lender is increasing prices on three-year fixed… The post TSB and Barclays among latest lenders to increase rates appeared first on Mortgage Strategy.
Stoke-on-Trent offers landlords the strongest rental yields among the UK’s leading university locations, according to new analysis from Paragon Bank. The city, which serves the University of Staffordshire and nearby Keele University, recorded a student property yield of 9.42%, based on average annual rental income… The post Stoke and Plymouth best university locations for landlords appeared first on Mortgage Strategy.
LV= has launched a lifetime mortgage lump sum lifestyle interest reward, a new addition to its lifestyle lifetime mortgage range. LV=’s new product rewards customers who make regular interest payments by offering a discounted interest rate. Customers can access a discounted interest rate by committing… The post LV= expands equity release range with new interest reward product appeared first on Mortgage Strategy.
Major lenders have moved to increase mortgage rates to catch up with recent rises to swap rates, according to analysis from Moneyfactscompare.co.uk. Over the coming days, more lenders are expected to review mortgage rates in response to higher swap rates, with HSBC and NatWest… The post Mortgage rate rises on horizon as major lenders reprice appeared first on Mortgage Strategy.
HSBC UK will be increasing rates across its ranges from 7 September, though it has not yet said by how much. These will apply to residential first-time buyers, home movers, remortgagors, buy-to-let and more. Trinity Financial product and communications director Aaron Strutt said: “HSBC is… The post HSBC UK and Molo to hike rates from next week appeared first on Mortgage Strategy.
This week’s top headlines: Barclays launches fast-track remortgage service and Coventry boosts FTB borrowing with 6.5x income. Explore these and other major industry updates below: Barclays launches fast-track remortgage service Barclays will launch its Fast-Track Remortgage service on 7 September, offering eligible customers mortgage… The post Mortgage Strategy’s Top 10 Stories: 31 Aug to 04 Sept appeared first on Mortgage Strategy.
The number of formal complaints made to the New Homes Ombudsman (NHOS) has more than tripled in the space of a year, as more developers have signed up to the higher standards and coverage of the Ombudsman, according to new data. Its latest annual report… The post Formal complaints from new build buyers triples in a year appeared first on Mortgage Strategy.
Sales activity across prime London has picked up this year, with buyers increasingly choosing to negotiate on price rather than abandon deals, according to data from Knight Frank. The number of transactions across prime central London (PCL) and prime outer London (POL) in the three… The post Prime London sales strengthen, says Knight Frank appeared first on Mortgage Strategy.
Soaring swap rates caused a small fixed rate mortgage increase this week, according to Moneyfacts, with more hikes expected. The average two-year fix is now 5.6%, up from 5.59% a week ago, while the typical five-year fix also rose by 1bps, to 5.64%. Moneyfacts personal… The post Soaring swap rates bump up mortgage prices: Moneyfacts appeared first on Mortgage Strategy.
