Allica Bank has enhanced its bridging finance proposition for semi commercial properties. The bank will now lend up to 75% loan-to-value (LTV) on semi-commercial bridging, with rates starting from 0.93% per month at that level. It will also offer leverage of up to 80% of the… The post Allica enhances bridging proposition for semi commercial properties appeared first on Mortgage Strategy.
The new look Mortgage Strategy Awards has reintroduced two new categories for 2026. They are Best Network (300 firms or more); and Best Network (fewer than 300 firms). Both awards will recognise the best of breed in their respective group, networks that have expanded sales,… The post New look MS Awards with new-look Best Network categories appeared first on Mortgage Strategy.
Specialist lender Catalyst Property Finance has restructured its underwriting team to bolster its growth plans. Senior underwriter Martyn Balsom (pictured far left) has been promoted to the new position of risk and audit analyst. He will serve as the point of contact for all risk-related… The post Catalyst rejigs underwriting team appeared first on Mortgage Strategy.
Government spokesperson for housing in the House of Lords Baroness Sharon Taylor says the passing of the Renters’ Rights Act into law marks a crucial moment for the private rented sector, describing it as a “truly transformational” reform. Speaking at the National Residential Landlords Association’s… The post Renter’s Rights Act ‘truly transformational’ reform: Baroness Taylor appeared first on Mortgage Strategy.
The Mortgage Works (TMW) has announced it will reduce selected buy-to-let (BTL) rates for new and existing customers by up to 0.30%, with rates starting from 2.64%. The new rates, effective tomorrow, include the BTL two-year fixed rate (purchase and remortgage) with a 3% fee,… The post TMW lowers BTL prices by up to 0.30%, Virgin reduces rates appeared first on Mortgage Strategy.
Buy-to-let purchase searches are down 13.67% year-on-year, while remortgage searches have risen by 6.05%, Twenty7tec’s October data reveals. After a period of strong activity over the past five years – including a peak in September 2022, when BTL made up 21% of all mortgage products… The post BTL searches down 13.67% YoY: Twenty7tec appeared first on Mortgage Strategy.
Savills has halved its house price growth predictions due to worsening buyer sentiment and concerns about the economy and tax environment. The estate agent now believes the average house price will rise by 2% in 2026, rather than its earlier prediction of 4%. Savills expects… The post Savills halves house price growth predictions appeared first on Mortgage Strategy.
Vernon Building Society has launched a range of complex prime mortgages. The new complex prime range includes four new mortgage products, which are all available on purchase or remortgage. Across the range, sole applicants can apply for over 5.5 times their annual gross income, or… The post Vernon BS adds range of complex prime mortgages appeared first on Mortgage Strategy.
Countrywide Surveying Services has appointed Steve Lees as associate technical director. Lees brings more than 25 years’ experience in residential surveying and valuation to the role and previously worked at CSS earlier in his career. Most recently, he was senior specialist for residential surveying at… The post Countrywide adds to technical expertise with new hire appeared first on Mortgage Strategy.
Shawbrook has expanded the use of automated valuation models (AVMs). The changes allow more cases to qualify for an AVM, helping to reduce completion times and streamline the process. More properties will now be accepted on an AVM, up to 75% loan-to-value (LTV), including light… The post Shawbrook expands use of AVMs appeared first on Mortgage Strategy.
