Limits on high loan-to-income (LTI) mortgage lending could be relaxed under new plans proposed by the FCA and PRA. Currently lenders that want more than 15% of their residential mortgage book to exceed an LTI of 4.5x must apply to the regulator first. This has… The post FCA and PRA consider relaxing high-LTI lending rules appeared first on Mortgage Strategy.
Nottingham Building Society has appointed Cara Bell as its deputy chief financial officer designate as Anthony Murphy announces he will depart the society in May. Bell brings over 20 years of experience across regulated banking, fintech, asset management, and global mid cap organisations. She joins… The post Nottingham BS hires Bell as deputy CFO appeared first on Mortgage Strategy.
HLPartnership (HLP) has appointed Jon Cooke as board adviser with the aim of strengthening links between estate agency firms and its mortgage and protection network. Cooke brings more than three decades of experience in estate agency leadership, growth strategy and mergers and acquisitions. He founded… The post HLPartnership appoints Cooke as board adviser appeared first on Mortgage Strategy.
Barclays will be increasing rates by up to 40 basis points tomorrow on many of its products, while also trimming prices on some deals. The lender is raising scores of existing customer rates on residential deals for purchase and remortgage. Many of its most substantial… The post Barclays makes mix of price increases and reductions appeared first on Mortgage Strategy.
Nottingham Building Society is cutting some rates by up to 21 basis points and Coventry is also making price reductions on Thursday, in the first significant reductions to be announced for weeks. At Nottingham, new customer deals for residential borrowers will be lowered by up… The post Coventry and Notts buck trend with rate cuts appeared first on Mortgage Strategy.
L&G’s Mortgage Club has partnered with Keychain to provide club members access to the AI-powered platform. The partnership will allow clients can securely upload documents, complete digital fact-finds and medical questionnaires, and e-sign compliance paperwork. L&G Mortgage Club says using Keychain will reduce the administrative… The post L&G’s Mortgage Club partners with Keychain appeared first on Mortgage Strategy.
The UK needs to take urgent action on long-term empty properties, according to trade body Propertymark. Propertymark has published a paper setting out plans to bring long-term empty properties back into use. With over 359,000 homes sitting empty for more than six months across the… The post Urgent action needed on empty homes, says Propertymark appeared first on Mortgage Strategy.
Halifax and BM Solutions are increasing rates by up to 15 basis points tomorrow. At Halifax, fixed rates are increasing across its residential range for purchase, remortgage and product transfer. For borrowers purchasing a new home, all two and three-year fixed rates are rising by… The post Halifax and BM to raise prices again tomorrow appeared first on Mortgage Strategy.
The Intermediary Mortgage Lenders Association (IMLA) has given a strong vote of confidence to the UK mortgage sector despite ongoing market turmoil. In his first keynote speech, new IMLA chair Jonathan Stinton called on the industry to embrace change and work collectively to support more… The post IMLA backs mortgage market amid Iran turmoil appeared first on Mortgage Strategy.
Buyer demand has fallen by 13% in March compared to the same month last year, as surging mortgage rates and uncertainty have impacted confidence. The latest house price index from Zoopla shows that annual growth in asking prices has remained stable month-on-month at 1.3% in… The post Buyer demand drops 13% as Iran war shakes confidence: Zoopla appeared first on Mortgage Strategy.
