The time taken to complete the typical bridging loan fell to 41 days in Q3 2025, down from 48 in Q2, according to the latest MT Finance Bridging Trends report. The specialist finance packagers that contributed to the report completed £209.4million of bridging loans in… The post Average bridging completion time falls to 41 days in Q3 appeared first on Mortgage Strategy.
Growth in the UK economy slowed to 0.1% in the three months to the end of September, piling more pressure on the chancellor ahead of the Budget. Official figures show that gross domestic product (GDP) was below the 0.2% predicted by analysts, just weeks before… The post UK growth slows but hopes rise for further base rate cut appeared first on Mortgage Strategy.
The Renters’ Rights Act will come into force on 1 May 2026, the government has announced. The law will abolish Section 21 ‘no-fault’ evictions, introduce open-ended tenancies, limit rent increases to once per year and cap advance rent payments at one month. The Act… The post Government reveals when Renters’ Rights Act comes into force appeared first on Mortgage Strategy.
MQube has enhanced its mortgage origination technology Origo with a new feature. The update uses artificial intelligence to mirror the work of a human underwriter by suggesting rationales, in human-like language, that assesses whether an applicant meets credit policy compliance and recommends case requirements for… The post MQube adds new underwriting feature to Origo appeared first on Mortgage Strategy.
Atom bank has introduced a new fee tier to its Near Prime proposition. The bank has added a £1,995 product fee range to its two-year fixed rate Near Prime products, with rates starting at 4.94%. The new products include loan-to-values of up to 90%. The… The post Atom Bank adds new tier fee to its Near Prime range appeared first on Mortgage Strategy.
Accord Mortgages has called for more policy reform, regulatory review and support for lender innovation, after its new research reveals growing broker concern over borrowers’ mortgage affordability. The latest research found that 73% of mortgage advisors surveyed believe that borrowers will face greater challenges over… The post Accord calls for more policy reform, reg review and support for lender innovation appeared first on Mortgage Strategy.
Broker network Stonebridge says its mortgage applications rose by 7% year-on-year in October, while lender competition forced average rates down by 21bps to 4.43%. Stonebridge’s latest Mortgage Market Briefing says the typical loan size in October fell to £195,068 compared to last October’s £197,200. Stonebridge… The post Stonebridge hails higher mortgage applications and ‘aggressive’ rate cuts appeared first on Mortgage Strategy.
Housebuilder Taylor Wimpey has urged the government to do more to support first-time buyers. In a shareholder update today, Taylor Wimpey chief executive Jennie Daly said market conditions were “challenging” and “impacted by uncertainty ahead of the upcoming UK Budget and continued affordability pressures”. Taylor… The post Taylor Wimpey urges government to support first-time buyers appeared first on Mortgage Strategy.
Knowledge Bank has recorded 5,211 criteria changes in October, down from 8,326 in September. While the latest figures marked a drop, Knowledge Bank says it still reflects the relentless pace of market evolution. Lenders continue to prioritise data accuracy, with 2,671 new criteria added in… The post Knowledge Bank records decrease in criteria changes in October appeared first on Mortgage Strategy.
Redwood Bank has relaxed criteria on its commercial investment and commercial owner-occupier mortgage ranges. The lender says the changes are designed to improve affordability for landlords amid difficult market conditions. It has extended its maximum mortgage term from 25 to 30 years and reduced minimum… The post Redwood Bank boosts commercial criteria appeared first on Mortgage Strategy.
