Halifax will lift selected fixed-rate residential products by up to 13 basis points and trim loans by up to 5bps next week. Also, next week, NatWest trims high loan-to-value prices as Saffron Building Society pulls selected products and launches others. Rate changes at Halifax,… The post Halifax, NatWest and Saffron BS make rate changes appeared first on Mortgage Strategy.
Coventry for intermediaries has relaxed lending rules across residential and landlord products, allowing some customers to borrow more. The broker-only arm of Coventry Building Society says its changes include raising loan-to-value limits for self-employed capital raising, now up to 75%, up from 65%. It… The post Coventry for intermediaries relaxes loan sizes and LTV limits appeared first on Mortgage Strategy.
This week’s top headlines: Reeves cool on wealth tax, leaves door open for higher property charges and First Mortgage partners with Moneybox Explore these and other major industry updates below: Reeves cool on wealth tax, leaves door open for higher property charges Rachel… The post Mortgage Strategy’s Top 10 Stories: 29 Sep to 02 Oct appeared first on Mortgage Strategy.
Clydesdale Bank will withdraw selected variable rate loans, while launching others next week. The lender will make the following changes on Monday 6 October: Two-year discount offset products will be withdrawn, including the 80% LTV product at 5.19% for loans smaller than £1m New… The post Clydesdale Bank withdraws selected variable rates, launches others appeared first on Mortgage Strategy.
Average two and five-year fixed rates have remained unchanged for the third consecutive week at 4.98% and 5.02% respectively, despite some daily fluctuations over that period. The latest ratewatch data from Moneyfacts shows only minor movements within most loan-to-value tiers as the pace of lender… The post Average fixes unchanged from three weeks ago: Moneyfacts appeared first on Mortgage Strategy.
Adding national insurance on rental income would be a “tax on working people,” says a housing committee chaired by former Liberal Democrat leader Sir Vince Cable. His comments come after the first meeting of the Independent Housing Policy and Delivery Oversight Committee, which the… The post National insurance on rental income tax on ‘working people’: Housing body appeared first on Mortgage Strategy.
It is taking more than 11 years across the UK for first-time buyers (FTBs) to save for a 15% deposit, research from Pepper Money reveals. Using data from the UK Land Registry and ONS median salary figures, Pepper Money says if the average property value… The post FTBs have to save for 11 years for 15% deposit: Pepper Money appeared first on Mortgage Strategy.
A new broker network Altura Mortgage Finance has launched, which aims to “future-proof brokers at a time of radical change in the mortgage industry”. The London-based group starts with eight broker firms under its umbrella, and plans to target “forward-thinking brokers who want to make the… The post New broker network Altura launches with plans to ‘future-proof’ brokers appeared first on Mortgage Strategy.
Mortgage searches increased to 1,675,984 in September, compared with 1,558,230 in August, Twenty7tec data reveals. The latest figures show searches are up overall by 1.51% year on year and 7.56% month on month. While Twenty7tec says it looks like a market in recovery, it is… The post Remortgage spike masks FTB slump in September: Twenty7tec appeared first on Mortgage Strategy.
Up to 8,500 Affordable Homes that are scheduled to be built over the next year are at risk of standing empty, the Home Builders Federation has warned. The trade body says that more than 700 developments have stalled as social housing providers have reduced their… The post Up to 8,500 affordable homes at risk of standing empty appeared first on Mortgage Strategy.
