The Treasury Committee is dismayed that the government has not set out a timetable of changes to Lifetime ISAs ahead of the November Budget — which it calls “a confused product that requires reform.” In the committee’s June report on LISAs, it was “unconvinced”… The post MPs renew calls for reform of ‘confused’ LISAs ahead of Budget appeared first on Mortgage Strategy.
Three quarters of UK mortgage brokers (78%) support the FCA Mortgage Rule Review. This is according to a survey of 500 UK mortgage brokers from Nottingham Building Society which suggests most brokers support the reforms aimed at creating a more flexible and inclusive mortgage market.… The post Brokers back FCA Mortgage Rule Review and call for lender innovation appeared first on Mortgage Strategy.
Landlord tax rises that go back almost a decade have weakened their power in the housing market and have benefitted first-time buyers by adding more than one million homes to the housing market, says a report. Tax reforms by successive governments that stretch back… The post Landlord tax hikes have added one million homes to market: Study appeared first on Mortgage Strategy.
The Midlands and the North of England accounted for almost half of all new buy-to-let purchases by landlords in the first half of the year, according to Paragon. The lender’s analysis of industry data found that the East and West Midlands, North West, North East… The post Nearly half of all BTL purchases in Midlands and North appeared first on Mortgage Strategy.
Lender repricing is picking up pace as the week draws to a close, with TSB, Principality, Leeds and West Brom joining others in mortgage rate changes, with most movements upwards. TSB says it will be increasing prices by up to 15 basis points on residential… The post Rate increases continue, including TSB and Leeds appeared first on Mortgage Strategy.
The body representing assessors who carry out energy performance certificate testing has challenged some of the findings in a report led by Atom Bank on the real scale of carbon emissions. Released today, the study by Atom in conjunction with Experian and the University of… The post Energy professionals query EPC study findings appeared first on Mortgage Strategy.
Accord has eased its criteria for foreign nationals and for borrowers who receive Universal Credit. The intermediary lender has increased the maximum loan-to-value to 90% for applicants who do not have indefinite leave to remain in the UK. Its higher LTV applies to single or… The post Accord relaxes rules for foreign nationals and Universal Credit appeared first on Mortgage Strategy.
Government ministers will meet with high-street banks tomorrow and call on them to make first-time buyers their “top priority” as Labour focuses on boosting homeownership. Housing minister Matthew Pennycook and new economic secretary Lucy Rigby (pictured) will host a roundtable with senior bankers at… The post Government calls in banks to tell them to make FTBs ‘top priority’ appeared first on Mortgage Strategy.
LiveMore has launched a limited edition cashback product, handing customers £1,000 on completion. The later life lender says the offer is available on purchase and remortgage options, for retirement interest-only, standard capital and interest, interest-only, or part-and-part mortgages. Its new cashback option applies to loans of more… The post LiveMore launches limited edition £1,000 cashback product appeared first on Mortgage Strategy.
Saffron for Intermediaries has confirmed a series of updates to its Retentions Range. For Residential Retention (including those customers coming off first time buyer, self-build and contractor/self-employed deals), Saffron has introduction of £999 fee products priced lower in all segments (60%-90% LTV). The lowest rate… The post Saffron revamps Retentions Range appeared first on Mortgage Strategy.
