The average standard variable rate (SVR) has fallen further below 8% month-on-month and stands at 7.48%, down from 8.18% a year ago, the latest Moneyfacts data shows. The latest figures show that the average two-year fixed rate has fallen from 5.93% to 5.12% since June… The post Average SVR down 0.70% from June last year: Moneyfacts appeared first on Mortgage Strategy.
UK inflation held steady at 3.4% in the 12 months to May, according to the latest Office for National Statistics data. The largest downward contribution to the monthly change came from transport; the largest, partially offsetting, upward contributions came from food, and furniture and household… The post UK inflation held at 3.4% in May: ONS appeared first on Mortgage Strategy.
Finova has added Pauzible to its payments lender panel. The partnership will give over 550 intermediary members access to Pauzible’s five-year equity financing solution, which has been designed to complement traditional buy-to-let (BTL) mortgages. Pauzible’s Equity Partnership Agreement (EPA), which launched last year, offers a… The post Pauzible joins Finova’s payments lender panel appeared first on Mortgage Strategy.
Buckinghamshire Building Society has launched two-year fixed-rate mortgages in its credit restore range. The home loans are priced at 6.19% up to 60% loan to value and 6.69% up to 75% LTV and can be used for both purchase and remortgage purposes, with a… The post Buckinghamshire BS launches 2-year impaired credit home loans appeared first on Mortgage Strategy.
Twenty7tec has partnered with later life lending platform Advise Wise to help brokers meet the growing demand from older borrowers. The move comes as new data from Twenty7tec reveals that around one in seven (15.4%) first-time buyers are now over 40, with the number of… The post Twenty7tec and Advise Wise announce partnership appeared first on Mortgage Strategy.
Average UK house prices increased by 3.5%, to £265,000, in the 12 months to April 2025. This annual growth was down from 7% in the 12 months to March 2025. As the latest Office for National Statistics data reveals, this is the first slowing of… The post UK house price inflation slows for first time since Dec 2023: ONS appeared first on Mortgage Strategy.
Together has reduced rates on its first and second charge discounted rate mortgage products by 25 basis points. The discounted rate mortgage offers a discount on Together Managed Rate, plus product margin, for a two year period. It has a lower interest rate than the… The post Together, Keystone and Virgin trim prices appeared first on Mortgage Strategy.
Darlington Building Society has extended the criteria on its Professionals range to include more key worker professions with variable income streams. The Professionals range is now open to all nationalities, including foreign nationals with a visa working in the professions such as paramedics, nurses, teachers… The post Darlington BS expands criteria for professionals appeared first on Mortgage Strategy.
LiveMore has appointed James Green as key account manager for the Midlands. Green has nearly 20 years of experience in financial services, having started his career in banking before specialising in mortgage lending and intermediary relationships. He has worked with a number of building society… The post LiveMore appoints Green as key account manager for the Midlands appeared first on Mortgage Strategy.
Demand in the rental sector is calming as more tenants become homeowners. The number of tenants registering in lettings branches across the UK dropped 17% on the same time last year and is now running 28% below 2019 levels This is according to the latest… The post Rental demand cools as tenants join homeowning ranks appeared first on Mortgage Strategy.
