Responses to the Finacial Conduct Authority’s mortgage rule review close today, which promise to bring sweeping changes to the home loans market and the role of brokers. The City regulator’s review is set against Labour plan to build 1.5 million houses by the next election. It wants… The post FCA’s mortgage rule review promises sweeping changes appeared first on Mortgage Strategy.
It’s been an interesting summer. While many people were jetting off on their holidays, the Financial Conduct Authority landed a hefty discussion paper (DP25/2) — Mortgage Rule Review: The future of the mortgage market. At Ami, we’ve spent August dissecting and digesting its contents, working… The post Comment: Advisers know what works appeared first on Mortgage Strategy.
Plans to build up to 12 new towns “urgently need a clear vision” from the government, says a House of Lords committee. Labour says it plans to build a series of new towns and urban extensions across England of at least 10,000 new homes… The post New town plans ‘urgently need clear vision’: Lords appeared first on Mortgage Strategy.
Hinckley & Rugby for Intermediaries has announced rate reductions on two of its buy to let products. The lender’s two-year fixed rate at 75% LTV has been cut from 5.65% to 5.55%. Its five-year fixed rate at 75% LTV, available until 31st December 2030, has… The post Hinckley & Rugby, Together and Principality all tweak rates appeared first on Mortgage Strategy.
This week’s top headlines: Homeowners fear new property tax would present ‘significant burden’ and London housebuilding is in ‘crisis’ according to a report from the Home Builders Federation. Explore these and other major industry updates below: MPC decision: Industry disappointed but not surprised The Bank… The post Mortgage Strategy’s Top 10 Stories: 15 Sep to 19 Sep appeared first on Mortgage Strategy.
Connect has expanded its lender panel with the addition of StreamBank. StreamBank has been active in bridging for over five years and, since February 2023, has operated as a fully regulated, self-funded bank. The partnership will give Connect’s appointed representatives access to StreamBank’s broad bridging… The post Connect adds StreamBank to its lender panel appeared first on Mortgage Strategy.
The mortgage industry was disappointed but not surprised to see the Bank of England hold interest rates today. The Bank’s nine-strong Monetary Policy Committee voted 7–2 to maintain Bank rate at 4%, with two external doves, Swati Dhingra and Alan Taylor, pressing to cut the interest rate… The post MPC decision: Industry disappointed but not surprised appeared first on Mortgage Strategy.
Together said new loan originations lifted 6.7% to £3.2bn last year compared to the previous 12 months, as the lender continued its “controlled lending growth”. The specialist lender, which offers a mix of residential and commercial mortgages, added that its net loan book rose… The post Together lifts loan originations 6.7% to £3.2bn appeared first on Mortgage Strategy.
Nationwide will cut selected residential home loan fixed-rate loans by up to 18 basis points, while West Brom Building Society brings back three-year fixes. The country’s largest mortgage mutual will reduce rates on various two-, three- and five-year ranges for new and existing customers,… The post Nationwide cuts rates by up to 18bps, West Brom brings back 3-year loans appeared first on Mortgage Strategy.
Twenty7tec has appointed Sophie Holloman as national account manager. Holloman joins from Legal & General where she worked as key relationship manager. In her new role, she will be responsible for managing key firms utilising Twenty7tec’s RESEARCH module and major distributors to help drive adoption,… The post Twenty7tec appoints Holloman as national account manager appeared first on Mortgage Strategy.
