HSBC UK posted £2.6bn of new mortgage lending over the first six months of the year, as the bank said it saw higher home loan balances but was hit by “competitive mortgage pricing”. The UK arm of the international bank said its loans and… The post HSBC adds £2.6bn of new mortgage lending in H1 appeared first on Mortgage Strategy.
Leeds Building Society has announced that joint or single applicants earning £30,000 per year will now be able to apply for a mortgage at that income level. The reduction from £40,000 annual income comes after the lender was given permission by the Bank of England… The post Leeds BS lowers minimum income requirements to help FTBs appeared first on Mortgage Strategy.
LSL has hired Neil Hoare as sales director of its financial services division, which covers the property group’s mortgage and insurance networks. Hoare (pictured) will take up his post on 1 September from his current role as commercial director of HL Partnership, and will… The post LSL hires Hoare as financial services sales director appeared first on Mortgage Strategy.
Aldermore has appointed Steve Isaacs as business development manager for London and the South East. Isaacs’ appointment will help strengthen Aldermore’s commercial real estate division. He brings 20 years of experience to the role, from structuring real estate financing at BLME to shaping major housing… The post Aldermore hires Isaacs as BDM for London and South East appeared first on Mortgage Strategy.
The average two-year fixed rate home loan and the five-year rate have both hit 4.52%, data from Rightmove’s daily mortgage tracker shows. The last time both terms converged was in September 2022, before the Liz Truss mini-Budget. The current July two-year average rate of… The post Two- and five-year fixes converge for first time since Truss Budget appeared first on Mortgage Strategy.
Nationwide has reduced rates by as much as 0.21 percentage points, with the lowest rate now at 3.74%. Effective tomorrow, rates have been cut across two-, three- and five-year fixed products. For new customers moving home, Nationwide has reduced the two-year fixed rate at 60%… The post Nationwide cuts prices with lowest rate now at 3.74% appeared first on Mortgage Strategy.
Paragon lifted mortgage lending “marginally” to £1.1bn in the nine months to June from a year ago, but lowered its guidance for the rest of 2025. The landlord lender said that earlier 2025 completions “reflected the stamp duty disruption on the opening pipeline”. The landlord… The post Paragon mortgage lending edges higher, lowers guidance appeared first on Mortgage Strategy.
The Bank of England has confirmed the reappointment of Jackie Bennet as chair for the Residential Property Forum. The RPF is a Bank of England convened, industry-led group, which helps monitor the UK residential property sector to support the work of the Financial Policy Committee.… The post Bennett reappointed as chair of BoE’s Residential Property Forum appeared first on Mortgage Strategy.
TSB has made rate cuts of up to 0.30% to products in its product transfer and additional borrowing ranges. The product transfer residential one-year fixed rate and the buy-to-let (BTL) one-year fixed rate have both been lowered by 0.30%. In the same range, residential two-year… The post TSB lowers rates by up to 0.30% appeared first on Mortgage Strategy.
The Financial Conduct Authority has begun High Court proceedings against Concept Capital Group and others over alleged unauthorised consumer investments of more than £23m in static homes. The City regulator argues that London-based CCG invited investors to put cash in static homes, which were then… The post FCA takes firm to court over £23m static homes investment scheme appeared first on Mortgage Strategy.
