Interest rates should be kept on hold for a sustained period due to “persistent” inflation, said Bank of England interest rate-setter Catherine Mann. “I prefer a longer hold . . . and make a bigger cut when you do to make it very clear… The post ‘Persistent’ inflation should mean rates stay on hold: BoE Mann appeared first on Mortgage Strategy.
Gen H launches a part capital repayment and part interest only mortgage product to support first-time buyers and those with small deposits. The product means buyers have to bring at least a 5% deposit and take up to 80% of their mortgage on an interest… The post Gen H launches part and part mortgages for buyers with small deposits appeared first on Mortgage Strategy.
ModaMortgages has expanded its 80% loan-to-value offer, by launching a range of limited edition products with a 5% fee option. The broker-only landlord lender will add two new 80% LTV products to its single dwelling range, including a two-year fixed rate at 3.59% and a… The post ModaMortgages boosts 80% LTV landlord offers appeared first on Mortgage Strategy.
West One has launched its commercial mortgage offering to the wider market across England and Wales. The commercial mortgage product range offers rates from 6.69% on semi-commercial properties and 7.44% on commercial properties. Loan-to-values (LTVs) are offered up to 75% of the vacant possession market… The post West One launches commercial mortgage offering to full market appeared first on Mortgage Strategy.
Regulated firms should report “unlawful” finfluencers to social media platforms and come to the City regulator if they are ignored. The Financial Conduct Authority’s director, consumer investments, Lucy Castledine (pictured) put across an uncompromising message on the role of finfluencers in financial markets. “People unlawfully… The post FCA urges firms to report ‘unlawful’ finfluencers appeared first on Mortgage Strategy.
The share of equity release borrowers taking out money to support family members has increased by 9 percentage points from 13% to 22% over the past year, according to Canada Life. Comparing figures from the first half of 2024 to the first half of 2025,… The post Jump in equity release to support family members: Canada Life appeared first on Mortgage Strategy.
Afin Bank has lowered mortgage rates on selected deals by up to 75 basis points, bridging lender SDKA by up to 50 bps and Principality by up to 40 bps while increasing others. At Afin Bank,which services foreign nationals as well as UK borrowers, its… The post Rate cuts at Afin Bank, Principality and SDKA plus minor increases appeared first on Mortgage Strategy.
Specialist broker Haysto has launched a new brand aimed at mainstream borrowers. It says sister brand Picnic will “take the complexity out of mortgages for people who want clear, no-nonsense guidance. “We combine expert advisers, plain English guidance, and technology that does the heavy lifting,… The post Haysto launches mainstream broker brand Picnic appeared first on Mortgage Strategy.
Residential property transactions in the UK have been running 15% higher for the first eight months of the year compared with the same period in 2024, reveals Coventry Building Society’s data on the latest HMRC figures shows. The data, which tracks transactions between January and… The post UK property transactions up 15% this year: Coventry appeared first on Mortgage Strategy.
The housing secretary unveiled the site of England’s next 12 new towns at the weekend, which could hold as many as 300,000 homes. But what next? Steve Reed, at the Labour Party conference in Liverpool on Sunday, said the sites span areas in Manchester, London… The post England unveils 12 new towns. What next? appeared first on Mortgage Strategy.
