The Conservatives have pledged to hand young people a £5,000 tax rebate towards their first home. The vow came from shadow chancellor Sir Mel Stride, who said his party’s ‘first-job bonus’ would go to people in full-time work, with their national insurance payments diverted… The post Conservatives vow to hand £5,000 tax rebate to FTBs appeared first on Mortgage Strategy.
HSBC has introduced top slicing alongside its buy-to-let mortgages. The bank says the move allows the personal income of borrowers to supplement rental income in affordability assessments, “unlocking greater borrowing potential, especially in lower-yield areas”. Landlords whose rental income falls short of a property’s… The post HSBC launches top slicing for landlord loans appeared first on Mortgage Strategy.
Shawbrook has announced plans to float on the London Stock Exchange, in a move that could value the specialist lender at £2bn, which would make it the biggest initial public offering in London this year. The bank, founded in 2011, offers mortgages for professional landlords,… The post Shawbrook confirms London IPO appeared first on Mortgage Strategy.
Plans to cut homebuying by a month and save buyers over £700 have been launched by the housing department. Labour has launched a Home Buying and Selling Reform consultation, which it says “will speed up the sluggish housing market by halving the number of failed sales,… The post Govt plans homebuying ‘shake up’ to cut time and costs appeared first on Mortgage Strategy.
The Cumberland Building Society has announced that Stuart Miller will take on the role as chief executive, subject to regulatory approval. Miller joins from Newcastle Building Society and brings over 38 years of experience in financial services. He will succeed Des Moore in 2026, following… The post The Cumberland appoints Miller as chief exec appeared first on Mortgage Strategy.
Halifax will lift selected fixed-rate residential products by up to 13 basis points and trim loans by up to 5bps next week. Also, next week, NatWest trims high loan-to-value prices as Saffron Building Society pulls selected products and launches others. Rate changes at Halifax,… The post Halifax, NatWest and Saffron BS make rate changes appeared first on Mortgage Strategy.
Coventry for intermediaries has relaxed lending rules across residential and landlord products, allowing some customers to borrow more. The broker-only arm of Coventry Building Society says its changes include raising loan-to-value limits for self-employed capital raising, now up to 75%, up from 65%. It… The post Coventry for intermediaries relaxes loan sizes and LTV limits appeared first on Mortgage Strategy.
This week’s top headlines: Reeves cool on wealth tax, leaves door open for higher property charges and First Mortgage partners with Moneybox Explore these and other major industry updates below: Reeves cool on wealth tax, leaves door open for higher property charges Rachel… The post Mortgage Strategy’s Top 10 Stories: 29 Sep to 02 Oct appeared first on Mortgage Strategy.
Clydesdale Bank will withdraw selected variable rate loans, while launching others next week. The lender will make the following changes on Monday 6 October: Two-year discount offset products will be withdrawn, including the 80% LTV product at 5.19% for loans smaller than £1m New… The post Clydesdale Bank withdraws selected variable rates, launches others appeared first on Mortgage Strategy.
Average two and five-year fixed rates have remained unchanged for the third consecutive week at 4.98% and 5.02% respectively, despite some daily fluctuations over that period. The latest ratewatch data from Moneyfacts shows only minor movements within most loan-to-value tiers as the pace of lender… The post Average fixes unchanged from three weeks ago: Moneyfacts appeared first on Mortgage Strategy.
