Paragon Bank has increased its maximum loan limits across its range of buy-to-let (BTL) mortgages, as well as removing minimum income requirements for portfolio landlords. The changes to maximum loan limits include up to £800,000 at 80% loan-to-value (LTV), an increase from £750,000, up to… The post Paragon increases BTL maximum loan limits appeared first on Mortgage Strategy.
The countdown is officially on for the biggest event in mortgage innovation. Mortgage Strategy’s Mortgage Innovation & Technology Live (MIT Live) event takes place on Tuesday 9 December at Convene in central London and is uniquely designed to empower forward-thinking mortgage and protection business leaders… The post One week left before MIT Live! appeared first on Mortgage Strategy.
C&M Wealth has integrated its bridging criteria with Knowledge Bank. C&M Wealth specialises exclusively in bridging finance and provides tailored lending solutions across residential, semi-commercial and commercial property. Its product range includes purchases, refinances, capital raises, auction finance, and light/heavy refurbishments and development finance. It… The post C&M Wealth integrates bridging criteria with Knowledge Bank appeared first on Mortgage Strategy.
Britain’s major lenders have all passed the Bank of England’s latest round of stress tests. The BoE’s latest Financial Stability report shows that the Barclays, HSBC, Lloyds Banking Group, NatWest, Santander and Nationwide have enough capital to withstand a deep global recession, large declines in… The post UK’s major lenders pass BoE stress tests appeared first on Mortgage Strategy.
The average cost of rent across England reduced by 2.4% during November, taking averages down from £1,276 in October to £1,245 in November, Goodlord reveals. This marks the fourth consecutive month of rental average reductions following the rental price peak in July, when prices hit… The post Average rent cost drops for fourth consecutive month: Goodlord appeared first on Mortgage Strategy.
The Office for Budget Responsibility (OBR) chief Richard Hughes has resigned. Hughes’ resignation comes following the early release of the Autumn Budget last Wednesday. In his letter to the Chancellor Rachel Reeves, Hughes states the leak of the Budget was a “technical but serious error”.… The post OBR chief Richard Hughes resigns after Budget leak appeared first on Mortgage Strategy.
Octopus Capital has agreed a forward funding deal to support the delivery of 82 new affordable homes across Northam and Bideford in North Devon in partnership with Vistry. The investment for the homes has been made through the Octopus Affordable Housing Fund (OAHF), which invests… The post Octopus Capital and Vistry to deliver affordable homes in North Devon appeared first on Mortgage Strategy.
Mortgage and protection firm Vickers Young has joined Stonebridge. Founded in 2012 by managing director Corby Macdonald, the Leicestershire firm expanded from a sole adviser operation into a team of 12. Vickers Young says it plans to recruit up to 12 advisers each year and… The post Vickers Young joins Stonebridge appeared first on Mortgage Strategy.
Congratulations to all who attended the concert on 26 November in support of Every Youth, a charity dedicated to tackling teenage homelessness across London. The great and the good of the industry turned out in force, including Mortgage Force’s managing director Kevin Duffy who commented: “My… The post Esteemed names turn out for Take Me Home concert appeared first on Mortgage Strategy.
Bridging and commercial lender Recognise Bank has grown its loan book by over 30% during the financial year, to more than £400m. The latest figures show that the bank has also exceeded £500m in deposits for the first time. The bank also announced the opening… The post Recognise Bank grows loan book by 30%, opens new office appeared first on Mortgage Strategy.
