Vernon Building Society has reported grew its mortgage book by 4.6% to £439.5m and £28m in new savings in 2025. The society’s annual results showed that its its retail savings balances grew by 6.2% to £474.9m last year. Vernon says demand for its specialist lending… The post Vernon BS mortgage book up 4.6% in 2025 appeared first on Mortgage Strategy.
Coventry for Intermediaries pulled all its new customer deals from sale yesterday evening and has yet to relaunch them, as other lenders are hiking rates on scores of deals today. Coventry wrote to brokers on Friday to give them notice of the product withdrawals, which… The post Coventry pulls all new customer deals as lender hikes continue appeared first on Mortgage Strategy.
One Mortgage System (OMS) has agreed a CRM partnership with Brilliant Solutions. Following a review of its existing systems, Brilliant Solutions will move its core client and case management onto the OMS platform. The change is set to centralise client data, strengthen case tracking and… The post Brilliant Solutions enters CMS partnership with OMS appeared first on Mortgage Strategy.
Pepper Money has appointed Steve Bailey and Grace Bennett as regional development managers. Bailey joins as business development manager for the South East, while Bennett takes on the role of BDM for London. Bailey joins Pepper Money with more than 20 years of experience in… The post Pepper Money expands BDM team with two appointments appeared first on Mortgage Strategy.
Energy efficiency of homes is a growing concern following recent shocks to oil prices, with 56% now saying home upgrades are essential not optional, the latest Barclays Property Insights report reveals. However, the report found that there is a high upfront price tag, with recent… The post More than half of homeowners say energy efficient upgrades now essential: Barclays appeared first on Mortgage Strategy.
The UK mortgage landscape has been rattled by a sudden surge in funding costs, forcing a dramatic rethink of the interest rate outlook for the remainder of the year. Industry data from Moneyfacts highlights a sharp spike in rates as hundreds of products are withdrawn,… The post Mortgage Strategy’s Top 10 Stories: 16 Mar to 20 Mar appeared first on Mortgage Strategy.
I firmly believe that the mortgage market should be like a buffet and offer something to all types of borrower. In recent months, we have seen good progress in achieving this, with increased innovation and high levels of product choice – particularly in the higher-loan-to-value… The post Housing Watch: Maximising the impact of shared ownership appeared first on Mortgage Strategy.
Nottingham Building Society has announced a further enhancement to its lending criteria, widening the range of builder incentives it will accept on new build mortgage applications. Under the updated criteria, the mutual will now accept developer incentives of up to 5% of the property’s value… The post Nottingham BS expands new build lending proposition appeared first on Mortgage Strategy.
The Financial Conduct Authority (FCA) has launched a market study of later life lending to see if the sector can be improved. The regulator said: “We are launching this market study to examine whether change is needed to enable the lifetime and retirement interest only (RIO)… The post FCA launches later life lending market study appeared first on Mortgage Strategy.
The Iran conflict demonstrates just how susceptible the UK housing market is to global geopolitical shocks. The conflict has already pushed average UK mortgage rates above 5%, led lenders to withdraw hundreds of mortgage products and recent reports indicate buyer enquiries are down due to… The post Blog: UK needs a long-term housing strategy to build resilience appeared first on Mortgage Strategy.
