Nationwide has cut rates across its fixed rate mortgage range for first-time buyers and those looking to move home, effective tomorrow (15 January). These latest changes will see rates reduced by up to 0.20% across two-, three- and five-year fixed rate products with Nationwide’s lowest… The post Nationwide launches lowest rate at 3.50%, Clydesdale trims prices appeared first on Mortgage Strategy.
The Equity Release Council (ERC) has promoted Kelly Melville-Kelly to the role of deputy chief executive as part of a major restructure. Melville-Kelly becomes deputy chief executive immediately, reporting into chief executive Jim Boyd. She remains director of risk, policy and compliance. As part of… The post Equity Release Council promotes Melville-Kelly to deputy chief exec appeared first on Mortgage Strategy.
Shawbrook Retail Mortgages has made a series of residential mortgage rate reductions across The Mortgage Lender (TML) and Bluestone Mortgages. Bluestone Mortgages has lowered prices by up to 20 basis points across selected products. These include a 15bps cut on 85% loan-to-value (LTV) two-year deals,… The post TML and Bluestone Mortgages trim prices appeared first on Mortgage Strategy.
The Property Ombudsman has reminded buyers of their right to use the mortgage broker of their choice after a Panorama documentary last year exposed some estate agents’ tactics. In newly-published guidance for consumers, the Ombudsman reinforces the fact that conditional selling, where an estate agent pressures… The post Ombudsman reminds buyers of right to choose broker after estate agent scandal appeared first on Mortgage Strategy.
Suffolk Building Society has reduced rates by 26 basis points and 25bps respectively, on selected holiday let and expat holiday let mortgages, effective 15 January. The holiday let reductions include the 80% loan-to-value (LTV) two-year fixed, which has been cut by 26bps to 5.19% and… The post Suffolk trims prices by up to 26bps appeared first on Mortgage Strategy.
Keystone Property Finance has entered into a new technology partnership with valuation panel management firm Method. The partnership will streamline the valuation process for its brokers and landlord clients on all valuations including the more complex ones such as houses of multiple occupancy and multi… The post Keystone enters tech partnership to streamline valuation process appeared first on Mortgage Strategy.
Interbridge Mortgages has added a new senior warehouse facility of up to £300m from Citi. The additional funding line is designed to add to the lender’s long-standing funding relationship. The new facility enhances overall flexibility, allowing Interbridge Mortgages to meet increasing demand, broaden its product… The post Interbridge announces £300m funding facility with Citi appeared first on Mortgage Strategy.
Younger and newer landlords will spearhead the continued increase in the proportion of buy-to-let (BTL) property held in limited company structures seen over the last decade, Paragon reveals. A survey of over 500 landlords revealed that 63% expect to make future property purchases through specialist… The post Rise of BTL transactions through limited companies set to continue: Paragon appeared first on Mortgage Strategy.
The investment potential of the London property market has ground to a halt, according to wealth management firm Rathbones. Recent analysis by estate agent Hamptons has found London sellers are more likely than anyone else to sell their home for less than they bought it… The post Wheels coming off London property investment, says Rathbones appeared first on Mortgage Strategy.
Bank of Ireland for Intermediaries is increasing its maximum loan-to-income to six times income across its Bespoke mortgage range. In order to access the new income multiple, borrowers will need to meet a number of strict conditions, with single applicants requiring a minimum income of… The post Bank of Ireland extends max LTI across range appeared first on Mortgage Strategy.
