Continued mortgage lender rate cuts have dragged down rates for another week, according to financial experts Moneyfacts. The firm said the typical mortgage this week cost 4.93%, down from 4.96% last week and 4.98% the week before that. The mortgage category to see the biggest… The post Lender mortgage cuts continue to drag down average rates: Moneyfacts appeared first on Mortgage Strategy.
This week’s top headlines: FSCS limit rises to £120,000 next month and Nationwide’s lending dips as Stamp Duty tweaks hit buyers. Explore these and other major industry updates below: FSCS limit rises to £120,000 next month, regulator confirms The PRA has confirmed that the FSCS… The post Mortgage Strategy’s Top 10 Stories: 17 Nov to 21 Nov appeared first on Mortgage Strategy.
The Building Societies Association (BSA) has appointed Simon Taylor as its new chair. Taylor is chief executive of Melton Building Society and takes up his BSA role from today. He was previously deputy chair of the BSA and succeeds Julie-Ann Haines, chief executive of Principality… The post BSA appoints Melton chief Simon Taylor as new chair appeared first on Mortgage Strategy.
As a broker, you’re probably getting bored with hearing about artificial intelligence (AI) — about how it’s going to revolutionise everything from underwriting to the way you make your morning coffee. But what brokers really want to know is what AI can do for them… The post Mortgage Business Accelerator: Karl Griffin, chief executive of JammJar appeared first on Mortgage Strategy.
The streamlining of reporting requirements by the FCA will save firms over £100 million, the regulator says. The FCA receives over seven billion transaction reports per year under the Markets in Financial Instruments Directive (MiFID), which are designed to support the “cleanliness, transparency and resilience… The post FCA says its simplification of reporting rules to ‘save firms over £100m’ appeared first on Mortgage Strategy.
Deposits under £20,000 made up 22.1% of first-time buyer completions in October, an increase from 13.5% in the same period last year, Barclays reveals. Barclays’ latest property insights report it found that first-time buyers are increasingly overcoming cost-of-living pressures by taking out lower-deposit mortgages. First-time… The post Rise in number of FTBs choosing lower-deposit mortgages: Barclays appeared first on Mortgage Strategy.
OneDome has acquired Mortgage Intelligence from Connells Group. The deal, which also includes Mortgage Next and Life and Easy, means OneDome is now on course to arrange more than £10bn in mortgages per year via more than 550 advisers, the group says. OneDome already owns… The post OneDome acquires Mortgage Intelligence from Connells appeared first on Mortgage Strategy.
Pepper Money, HSBC and Atom have cut rates by up to 25bps on their residential mortgage ranges, with cuts to follow from NatWest. Pepper has cut rates by up to 25bps on its limited edition range. The refreshed pricing means rates start at 5.39% for… The post Atom and Pepper Money cut rates by up to 25bps appeared first on Mortgage Strategy.
The Intermediary Mortgage Lenders Association (Imla) has elected its new management committee for 2026, with Coventry Building Society head of intermediary relationships Jonathan Stinton appointed as chair. Stinton succeeds HSBC UK’s Richard Beardshaw, who has completed his two-year term after overseeing a period of significant… The post Imla elects Coventry’s Stinton as new chair for 2026 appeared first on Mortgage Strategy.
The Centre for Finance, Innovation and Technology (CFIT) has launched an industry-wide coalition to accelerate the digitisation of the home buying process. The Open Property Coalition will be backed by the smart data team at the Department for Business and Trade (DBT) and bring together… The post Fully digital home-buying process takes step forward as new coalition launches appeared first on Mortgage Strategy.
