Steve Reed has become the new housing secretary following the resignation of Angela Rayner over her tax affairs. He moves from his post as secretary of state for environment, food and rural affairs, which he took up after Labour won the General Election last July. The… The post Reed becomes new housing secretary after Rayner exit appeared first on Mortgage Strategy.
Following Angela Rayner’s resignation earlier today, a cabinet reshuffle has seen a series of cabinet appointments made. David Lammy, most recently in the role of foreign secretary, has been appointed deputy prime minister in the reshuffle. Yvette Cooper will now take up the foreign secretary… The post Cabinet reshuffle following Rayner resignation appeared first on Mortgage Strategy.
The Renter’s Rights Bill moves back to the House of Commons for debate on Monday, with some observers saying the much-delayed legislation will become law later this month. The wide-ranging Bill was introduced by Labour in September, who said during last July’s General Election,… The post Renter’s Rights Bill in final stretch with Commons debate next week appeared first on Mortgage Strategy.
This week’s top headlines: Councils pay over £30m in incentives to landlords to house homeless and November Budget may push base rate cut into Christmas. Explore these and other major industry updates below: Two-thirds of homebuyers confused by broker fees Considerable doubt’ over further… The post Mortgage Strategy’s Top 10 Stories: 01 Sep to 05 Sep appeared first on Mortgage Strategy.
Angela Rayner has resigned from government after admitting to underpaying stamp duty on her £800,000 second home in Hove. She has stepped down as housing secretary, Deputy Prime Minister and as deputy leader of the Labour Party, a position to which she was elected… The post Rayner resigns from government after stamp duty affair appeared first on Mortgage Strategy.
Market Financial Solutions has launched a new valuation refund offer and updated its bridging range. The specialist lender, which focuses on large and complex loans, says its valuation refund is available on its residential and commercial bridging ranges, as well as its Bridge Fusion… The post Market Financial Solutions offers valuation refund appeared first on Mortgage Strategy.
Average two, three and five-year mortgage rates shifted upwards by a basis point or two over the past week, Moneyfacts’ analysis shows. Looking at the overall averages across all LTV tiers, two-year fixed rates increased by 1 bp to 4.97%, three-year fixed rates by 2… The post Average mortgage rates inch upwards: Moneyfacts appeared first on Mortgage Strategy.
Santander has started work with Experian to trial the credit checking firm’s new work report service, which aims to simplify the vetting of income and employment information. “The work report is a quick, simple and secure way for us to verify income and employment… The post Santander pilots streamlined customer payslip proof with Experian appeared first on Mortgage Strategy.
Less than a quarter of the UK’s landlords feel planning reform will positively impact their business. This is according to a survey from specialist buy-to-let lender Landbay which found that more than three-quarters of property investors (77%) think planning reforms will not affect their BTL… The post Planning reform fails to impress UK landlords – Landbay appeared first on Mortgage Strategy.
Halifax Intermediaries has created a new build hub, which brings together the information on the lender policies on the purchase of new build homes and affordable housing schemes. It explains its definitions of newly built, refurbished and converted properties as well as detailing modern… The post Halifax adds broker new build information hub appeared first on Mortgage Strategy.
