Deutsche Bank has pushed back the likelihood of a final base rate cut in 2025 by a month into December. The German bank says that an interest rate reduction in the final three months of the year was “ultimately a coin-toss between November and… The post Deutsche Bank pushes back next base rate cut forecast to December appeared first on Mortgage Strategy.
Hodge has increased the maximum loan-to-value on its Resi and Resi Retire mortgage range to 95%. The products are available to borrowers from the age of 21 with varied income types as Hodge moves towards a “lifelong lending” model. By bringing together its core and… The post Hodge lifts max LTV to 95% appeared first on Mortgage Strategy.
The share of Londoners moving away from the capital has fallen to its lowest level in 12 years, analysis by Hamptons has shown. More employers requiring staff to return to the office has been a major factor, combined with slower house price growth in the… The post Share of buyers leaving London at lowest level in 12 years appeared first on Mortgage Strategy.
New housing secretary Steve Reed has vowed to “build, baby, build” ahead of a key first meeting with Britain’s biggest developers and housebuilders this week. Reed told senior civil servants over the weekend that this will be his mantra at his new post, according… The post Housing secretary vows to ‘build, baby, build’ ahead of developers meeting appeared first on Mortgage Strategy.
Steve Reed has become the new housing secretary following the resignation of Angela Rayner over her tax affairs. He moves from his post as secretary of state for environment, food and rural affairs, which he took up after Labour won the General Election last July. The… The post Reed becomes new housing secretary after Rayner exit appeared first on Mortgage Strategy.
Following Angela Rayner’s resignation earlier today, a cabinet reshuffle has seen a series of cabinet appointments made. David Lammy, most recently in the role of foreign secretary, has been appointed deputy prime minister in the reshuffle. Yvette Cooper will now take up the foreign secretary… The post Cabinet reshuffle following Rayner resignation appeared first on Mortgage Strategy.
The Renter’s Rights Bill moves back to the House of Commons for debate on Monday, with some observers saying the much-delayed legislation will become law later this month. The wide-ranging Bill was introduced by Labour in September, who said during last July’s General Election,… The post Renter’s Rights Bill in final stretch with Commons debate next week appeared first on Mortgage Strategy.
This week’s top headlines: Councils pay over £30m in incentives to landlords to house homeless and November Budget may push base rate cut into Christmas. Explore these and other major industry updates below: Two-thirds of homebuyers confused by broker fees Considerable doubt’ over further… The post Mortgage Strategy’s Top 10 Stories: 01 Sep to 05 Sep appeared first on Mortgage Strategy.
Angela Rayner has resigned from government after admitting to underpaying stamp duty on her £800,000 second home in Hove. She has stepped down as housing secretary, Deputy Prime Minister and as deputy leader of the Labour Party, a position to which she was elected… The post Rayner resigns from government after stamp duty affair appeared first on Mortgage Strategy.
Market Financial Solutions has launched a new valuation refund offer and updated its bridging range. The specialist lender, which focuses on large and complex loans, says its valuation refund is available on its residential and commercial bridging ranges, as well as its Bridge Fusion… The post Market Financial Solutions offers valuation refund appeared first on Mortgage Strategy.
