A November Budget may push any further Bank of England rate cut into Christmas, warns Deutsche Bank. Chancellor Rachel Reeves is widely expected to present the government’s fiscal statement sometime in November, where it is anticipated she will set out plans to raise as much as… The post November Budget may push base rate cut into Christmas: Deutsche Bank appeared first on Mortgage Strategy.
Barclays has announced rate increases of 0.10% on selected best buy products. The bank’s premier two-year fixed at 60% loan-to-value (LTV) with a product fee of £899 has increased from 3.74% to 3.84%. In addition, the two-year fixed at 60% LTV with a product fee… The post Barclays lifts best buy rates by 0.10%, Principality makes price changes appeared first on Mortgage Strategy.
Coventry Building Society is pressing Chancellor Rachel Reeves to confirm the date of the Autumn Budget, warning that ongoing speculation about major tax reforms is unhelpful for the housing market. Media speculation suggests the Chancellor is weighing up changes to Stamp Duty, potentially ending Capital… The post Market faces two months of uncertainty until Budget is set: Coventry BS appeared first on Mortgage Strategy.
Primis has appointed Jade Clayton as regional sales director in the Southwest. Clayton has been with Primis for the past four years, first as an area supervision manager for the Midlands and, most recently, as recruitment development manager. Prior to this, she spent six years… The post Primis appoints Clayton as regional sales director in Southwest appeared first on Mortgage Strategy.
Future Financial Adviser, the digital community launched in 2024 to promote the benefits of the financial advice profession to young career seekers, is broadening its coverage to support the career pathway from mortgage advice into financial advice. The initiative, built on the principles of community… The post Future Financial Adviser grows to support would-be mortgage brokers appeared first on Mortgage Strategy.
The Specialist Finance Academy has partnered with Knowledge Bank to help the academy strengthen its broker support for the growing demands in the specialist lending space. The partnership aims to provide brokers education through the academy’s training and resources, alongside the real-time support of Knowledge… The post Knowledge Bank partners with the Specialist Finance Academy appeared first on Mortgage Strategy.
Santander will allow product transfer customers to switch to a new deal if it is lower than their current rate right away, without early repayment charges. The high street lender tells brokers in a note: “If your client’s new rate is lower than their… The post Santander allows PT borrowers to start lower deals straightaway appeared first on Mortgage Strategy.
The Welsh government has launched a consultation aimed at softening its holiday let rules. Under current rules, self-catering holiday lets must be available for 252 days and actually let for 182 days each year to pay non-domestic rates instead of council tax. Cardiff says these… The post Wales consults on easing holiday let rules appeared first on Mortgage Strategy.
Credit unions saw the overall interim profit of these firms rise by 12.2% to £12.8m in the first quarter of the year, “driven by increases in England and Scotland, as falls in total income were offset by even greater falls in total expenditure in both… The post Credit unions see profits rise in Q1: BoE appeared first on Mortgage Strategy.
A few lenders increase selected fixed rate mortgages earlier in the week, including major banks, but cuts followed by other lenders as the week drew to a close. As Moneyfacts finance expert Rachel Springall highlights these moves led to a slight rise of 0.01% to… The post Week sees mixture of rate rises and cuts: Moneyfacts appeared first on Mortgage Strategy.
