The number of houses in multiple occupation in England has risen by 2.3% over the past year, according to analysis by HMO management platform COHO. The company’s research, based on official data, shows there are now an estimated 472,823 HMOs across the country, following an… The post Number of HMOs in England rises by 2% over year appeared first on Mortgage Strategy.
UK Finance says its members do not want later life lending to be “further carved out from the rest of the market,” instead arguing that many members “support it becoming more mainstream”. This comes in response to the Financial Conduct Authority’s mortgage rule review… The post Later life lending should become ‘mainstream,’ say lenders in FCA review appeared first on Mortgage Strategy.
Castle Trust Bank has launched a light refurbishment product with a drawdown facility. The new product is designed to support developments delivered under Permitted Development Rights (PDR), the conversion of properties into smaller HMOs and reconfigurations as well as smaller renovations such as rewiring, new… The post Castle Trust Bank launches light refurbishment with drawdowns product appeared first on Mortgage Strategy.
Tax probes into landlords netted a record £107m by HMRC in 2024/25, more than double the amount clawed back by the custom’s body three years ago. The data comes from accountants Price Bailey, following a Freedom of Information request and is part of the… The post Landlord tax probes net record £107m appeared first on Mortgage Strategy.
United Trust Bank Mortgages has made rate reductions of up to 84 basis points across a selection of its second charge product range. Prime-plus five-year fixed rates will now start from 5.59% while five-year fixed no early repayment charge (ERC) prices will start from 6.35%.… The post UTB lowers rates up to 84bps, Masthaven cuts bridging prices appeared first on Mortgage Strategy.
Fleet has cut mortgage rates for houses in multiple occupation and multi-unit freehold blocks by up to 15 basis points. The lender has today made price reductions to deals in the 75% loan-to-value tier. A two-year fixed with £1,999 fee has fallen by 15bps to… The post Fleet snips HMO and MUFB rates by up to 15bps appeared first on Mortgage Strategy.
Santander will add its product transfer rates to all major sourcing systems from Friday, which the bank says will make “it easier for brokers to support customers looking to switch products”. Head of Santander for Intermediaries Graham Sellar adds: “We’re constantly reviewing our processes… The post Santander adds product transfers to major sourcing systems appeared first on Mortgage Strategy.
Cornerstone Finance Group has hired brothers Jonathan and Andrew Needham as business development director and business development manager, respectively, in its network business. The move comes after the Yorkshire-based pair launched a pilot mortgage and advisory group in the network, called Needham Financial Powered… The post Cornerstone boosts network development team with two hires appeared first on Mortgage Strategy.
Furness Building Society has appointed Phil Lawford to its broker-facing mortgage team as business development manager. Lawford rejoins Furness following a five-year hiatus during which he spent time in similar roles at Saffron Building Society and Tipton & Coseley Building Society. He had been at… The post Furness BS appoints Lawford as BDM appeared first on Mortgage Strategy.
TSB and Co-operative have increased mortgage rates today, while Barclays is raising a limited number of rates and making widespread reductions across its residential range tomorrow. In Barclays’ purchase-only range, a two-year fixed rate at 80% LTV is dropping to sub-4%, falling by 7bps from… The post TSB and Co-op raise rates as Barclays reprices in both directions appeared first on Mortgage Strategy.
