The Financial Conduct Authority will consult with firms and other stakeholders over the next six months to decide on “the best way forward” to set up an open banking standards body. The City regulator says the body, currently called the Future Entity, will support… The post FCA launches further industry talks on new open banking body appeared first on Mortgage Strategy.
Just Group results for the six months to end of June 2025 reveal an underlying operating profit of £192m down from £249m for the first half of 2024. The pension and lifetime mortgage specialist said the drop in profits was driven by lower new business… The post Half-year profits slide for Just Group appeared first on Mortgage Strategy.
The Financial Ombudsman Service said the number of complaints it dealt with fell to its lowest level in over a year, according to its latest quarterly data. It handled 68,000 complaints in the first three months of this financial year, compared to 74,600 new cases… The post Complaints to Ombudsman fall to lowest level in over a year appeared first on Mortgage Strategy.
Bank of England governor Andrew Bailey warned that the base rate would not be lowered “too quickly or by too much” after the rate-setters cut the rate to 4% from 4.25%. Bailey said: “We’ve cut interest rates today, but it was a finely balanced… The post MPC decision: Rate cuts, but ‘not too quickly’, says BoE Bailey. appeared first on Mortgage Strategy.
The Bank of England’s move to cut the base rate will lower variable mortgage product payments by almost £30 a month, data from UK Finance shows. An average tracker mortgage will fall by £28.97 a month, while a typical standard variable rate home loan… The post MPC decision: State of the mortgage market appeared first on Mortgage Strategy.
It came as little surprise that the Bank of England’s Monetary Policy Committee decided to cut base rates to 4%. Now that the expected cut has been made, what does the industry make of it? Butterfield Mortgages chief executive Alpa Bhakta said the rate cut… The post MPC decision: Industry reacts to Bank base rate cut appeared first on Mortgage Strategy.
The Right Mortgage & Protection Network (TRM) has launched two member firm initiatives, a Platinum Club and Business Risk Forum. The Platinum Club is a new concept and is a rewards initiative created to acknowledge top-performing firms. Members of the club will be invited to… The post The Right Mortgage & Protection Network launches member initiatives appeared first on Mortgage Strategy.
The Open Property Data Association (OPDA) has launched a YouTube channel to explain the complex but critical changes shaping the future of homebuying. The channel explains everything from the basics of smart data and trust frameworks to technical deep dives into OPDA’s schema and membership… The post OPDA launches YouTube channel to demystify digital homebuying appeared first on Mortgage Strategy.
The mortgage industry is set for the busiest homemoving day of the year later this month, with over 22,000 buyers exchanging keys. Friday 29 August is expected to be the most popular day to move home in 2025, according to a report by the HomeOwners… The post Over 22,000 homebuyers set to move on busiest day of year in August: Study appeared first on Mortgage Strategy.
Bluestone Mortgages has relaxed its lending criteria to include non-UK nationals who have yet to obtain indefinite leave to remain but have demonstrated long-term stability through residency and employment in Britain. The specialist lender, part of Shawbrook Retail Mortgages, says that applicants working in the… The post Bluestone Mortgages eases non-UK national lending rules appeared first on Mortgage Strategy.
