Redwood Bank has appointed Chris Finnigan to its business development team. Finnigan rejoins after spending a a brief period away from the organisation. He previously spent more than eight years at Redwood during its early growth. In his role, Finnigan will focus on helping brokers… The post Redwood welcomes back Finnigan to business development team appeared first on Mortgage Strategy.
Sarah Hartwell joins Leeds Building Society with over 20 years of industry experience, having held BDM and National Account Manager roles at Northern Rock, Nationwide, TML, Vida, and Foundation. Hartwell will be on hand to support the lender’s intermediary partners across Bath, Bristol, Cardiff and… The post Leeds appoints Hartwell as BDM to strengthen mortgage distribution team appeared first on Mortgage Strategy.
Specialist lender Precise has upgraded its residential interest-only offering, aiming to give brokers more flexibility. The lender has increased interest-only availability from up to 65% LTV to up to 75% LTV, and has removed the minimum equity requirement. The latter applies where the repayment strategy… The post Precise removes minimum equity and raises interest only to 75% LTV appeared first on Mortgage Strategy.
Santander has launched a 98% loan-to-value (LTV) five-year fixed rate mortgage product available exclusively to first-time buyers. The ‘My First Mortgage’ product will launch with a rate of 5.19% with no fee and comes with £250 cashback. It also requires a minimum £10,000 deposit, with… The post Santander launches five-year 98% LTV mortgage for FTBs appeared first on Mortgage Strategy.
Buckinghamshire Building Society has extended its Credit Revive range with three new products designed to support borrowers with historic credit issues – including buy to let landlords and those borrowing into later life. The new additions are: Buy to Let Credit Revive fixed 5.69% to… The post Buckinghamshire BS expands credit revive range appeared first on Mortgage Strategy.
Afin Bank has appointed Rebecca Griffin as chief risk officer. Griffin joins from 118 118 Money where she was chief risk officer and brings over 15 years of financial services experience. She transitioned into compliance and finance spending almost 12 years at Hinckley & Rugby… The post Afin Bank hires Griffin as chief risk officer appeared first on Mortgage Strategy.
UK house prices may fall if the government can stick to its housebuilding target, according to housing minister Matthew Pennycook. If the government can building its promised 1.5 million homes by the end of this parliament then “we will be looking at the levelling out… The post House prices may fall if govt meets housebuilding targets, says housing minister appeared first on Mortgage Strategy.
Despite affordability pressures, regulatory challenges and financial caution, 83% of businesses operating in housebuilding and its supply chains remain confident about their outlook for the year ahead, Barclays reveals. Barclays’ anonymised client data from around 70,000 UK businesses, combined with research from 500 industry leaders… The post Housebuilding sector shows early signs of recovery: Barclays appeared first on Mortgage Strategy.
Almost a third of first-time buyers have a deposit of at least 25%, comparison searches on Moneyfacts suggest. While the majority of first-time buyer searches are for higher loan-to-value (LTV) mortgages, a significant minority of borrowers appear to have a substantial deposit and are looking… The post One in three FTBs have a 25% deposit: Moneyfacts appeared first on Mortgage Strategy.
UK house prices rose slightly in January, according to the latest house price index from Nationwide Building Society. The average cost of a home rose by 30bps on December, with annual property values climbing by 1% to £270,873. Nationwide chief economist Robert Gardner said the… The post House prices rise 1% in January, says Nationwide appeared first on Mortgage Strategy.
