Stonebridge and The Mortgage Shop (TMS) have renewed their partnership with a long-term deal. The new agreement sees TMS remain part of the Stonebridge network as an appointed representative firm and extends a partnership that has already reached 10 years. TMS’s managing director, is also… The post Stonebridge and The Mortgage Shop renew partnership appeared first on Mortgage Strategy.
The Chancellor played down imposing a new wealth tax at the Budget — but left the door open to higher property charges. “We already have taxes on wealthy people — I don’t think we need a standalone wealth tax,” Rachel Reeves told Bloomberg TV… The post Reeves cool on wealth tax, leaves door open for higher property charges appeared first on Mortgage Strategy.
Ultimate Finance has launched price reductions across its bridging finance range. The lenders standard purchase and development exit bridge products will be reduced from 0.79% per month, while light refurbishment bridge products will be lowered by 0.89% per month. In addition, medium refurbishment bridge products… The post Ultimate Finance lowers bridging prices, HSBC makes rate changes appeared first on Mortgage Strategy.
A new mortgage platform has launched, which promises to deliver “data-driven title insurance policies generated in seconds”. Incept says its algorithm-driven underwriting software uses Land Registry live data feed to produce title insurance policies. The insurtech firm, founded last year, says the software is aimed at… The post Platform launches to provide faster title insurance appeared first on Mortgage Strategy.
Cohort Capital has hired Alex Alexandrou as head of sales – residential lending, as the bridging finance lender looks to boost its loan book. It says Alexandrou (pictured) will lead sales of the firm’s ResiOne product, for transactions between £1m to £10m-plus, for refinancing, consolidating debt and funding… The post Cohort Capital hires Alexandrou as head of sales appeared first on Mortgage Strategy.
Santander has now added its product transfer rates across a range of major sourcing systems, saying that the move means that “checking out our latest deals just got a whole lot easier”. Brokers will now be able to produce mortgage illustrations for their clients,… The post Santander product transfers across major sourcing systems goes live appeared first on Mortgage Strategy.
The housebuilding industry needs “skill, baby, skill,” if the country is to hit the government’s target of building 1.5 million homes before the next election, says a homes standards body. National House Building Council chief operating officer David Campbell (pictured) will warn that without… The post Housebuilders need ‘skill, baby, skill,’ homes body to tell Labour appeared first on Mortgage Strategy.
This week’s top headlines: Brokers and lenders split over future of home loans advice and Pepper Advantage acquires Computershare’s UK mortgage business. Explore these and other major industry updates below: Nationwide appoints Thompson as director of mortgage intermediaries and partnerships Nationwide has appointed Damian… The post Mortgage Strategy’s Top 10 Stories: 22 Sep to 26 Sep appeared first on Mortgage Strategy.
There was no movement in average mortgage rates this week for two, three and five-year fixes, as lenders repricing deals both upwards and downwards cancelled each other out. Moneyfacts’ weekly ratewatch data show the average two-year fixed rate held steady at 4.98% the three-year rate… The post Average fixed rates hold steady despite lender moves: Moneyfacts appeared first on Mortgage Strategy.
More2life has set out its proposals to the Financial Conduct Authority’s mortgage rules review, saying that later life lending must drop its perception as being viewed as “a product of last resort”. The equity release lender highlights five areas “where regulatory change is needed.” Removal… The post More2life tells FCA equity release should not be a ‘last resort product’ appeared first on Mortgage Strategy.
