Stamp duty and mansion tax changes top the mortgage market’s list of concerns for tomorrow’s Autumn Budget. Chancellor Rachel Reeves tomorrow plans to deliver this government’s second Budget, with several property measures rumoured. These include replacing stamp duty with a property tax for those selling… The post Stamp duty and council tax top market concerns on eve of Budget appeared first on Mortgage Strategy.
Experts have warned that a “mansion tax” could have a destabilising impact on the market. Around 150,000 homes worth over £2 million look likely to be hit by an annual levy in tomorrow’s Budget, reports suggest. The threshold at which the annual levy would kick… The post Experts fear destabilising impact of mansion tax: Analysis appeared first on Mortgage Strategy.
Ecology Building Society has appointed two new business development managers (BDMs). Andy Pearson and Georgia Midgley take on the roles to strengthen the society’s service to intermediaries from its team of green mortgage specialists. Pearson joined Ecology two years ago as a mortgage advisor before… The post Ecology appoints Pearson and Midgley as BDMs appeared first on Mortgage Strategy.
First2Protect has launched its new broker portal in collaboration with Acturis. The broker portal aims to reduce administration time, improve conversion rates and provide complete visibility of referral progress and customer outcomes. The platform automates manual processes, introduces a dedicated workflow for referrals, and enables… The post First2Protect launches broker portal appeared first on Mortgage Strategy.
Leeds Building Society has made rate cuts of up to 0.35% across new lending, existing customer and additional borrowing ranges. For new customers, interest only part and part fixed rates have been reduced by 0.35%. In addition, selected residential and interest only fixed rates for… The post Leeds BS and Newcastle for Intermediaries lower rates appeared first on Mortgage Strategy.
BM Solutions has changed its lending policy to increase the maximum age at the end of term for its buy-to-let (BTL) and let to buy customers from 80 years old to 99 years old. The maximum age at the point of application will remain the… The post BM Solutions increases max age on BTL and let to buy appeared first on Mortgage Strategy.
Speculation about property tax changes in the upcoming budget is fuelling uncertainty across much of the market, Rightmove data reveals. The research found that home-movers would favour staggered stamp duty payments, while a poll of estate agents also suggested that staggered payments would be a… The post Potential property tax changes causing market uncertainty: Rightmove appeared first on Mortgage Strategy.
Student accommodation has long been seen as one of the most reliable performers in the property sector, with a blend of steady demand, resilient yields and a captive tenant base. However, with international student numbers falling, the rise of apprenticeships as a debt-free alternative to… The post Is student letting losing its lustre? appeared first on Mortgage Strategy.
Teachers Building Society has increased the amount it will lend teachers and education professions to up to 7 times income. The society’s previous maximum was up to 5 times income, subject to affordability. The new offer applies to teachers and others working in the education… The post Teachers BS ups maximum LTI to 7x income appeared first on Mortgage Strategy.
Tell us a bit about your career to date. Having spent 37 years in financial services (20 in the mortgage sector), I’ve enjoyed a variety of roles, at RBS/NatWest/Ulster Bank, Aldermore, Newcastle Building Society, Iress, Finova and now Fignum. It’s been a continual learning journey… The post One to One: Steve Carruthers, growth director at Fignum appeared first on Mortgage Strategy.
