Bank of England governor Andrew Bailey warned that the base rate would not be lowered “too quickly or by too much” after the rate-setters cut the rate to 4% from 4.25%. Bailey said: “We’ve cut interest rates today, but it was a finely balanced… The post MPC decision: Rate cuts, but ‘not too quickly’, says BoE Bailey. appeared first on Mortgage Strategy.
The Bank of England’s move to cut the base rate will lower variable mortgage product payments by almost £30 a month, data from UK Finance shows. An average tracker mortgage will fall by £28.97 a month, while a typical standard variable rate home loan… The post MPC decision: State of the mortgage market appeared first on Mortgage Strategy.
The Right Mortgage & Protection Network (TRM) has launched two member firm initiatives, a Platinum Club and Business Risk Forum. The Platinum Club is a new concept and is a rewards initiative created to acknowledge top-performing firms. Members of the club will be invited to… The post The Right Mortgage & Protection Network launches member initiatives appeared first on Mortgage Strategy.
The Open Property Data Association (OPDA) has launched a YouTube channel to explain the complex but critical changes shaping the future of homebuying. The channel explains everything from the basics of smart data and trust frameworks to technical deep dives into OPDA’s schema and membership… The post OPDA launches YouTube channel to demystify digital homebuying appeared first on Mortgage Strategy.
The mortgage industry is set for the busiest homemoving day of the year later this month, with over 22,000 buyers exchanging keys. Friday 29 August is expected to be the most popular day to move home in 2025, according to a report by the HomeOwners… The post Over 22,000 homebuyers set to move on busiest day of year in August: Study appeared first on Mortgage Strategy.
Bluestone Mortgages has relaxed its lending criteria to include non-UK nationals who have yet to obtain indefinite leave to remain but have demonstrated long-term stability through residency and employment in Britain. The specialist lender, part of Shawbrook Retail Mortgages, says that applicants working in the… The post Bluestone Mortgages eases non-UK national lending rules appeared first on Mortgage Strategy.
The average cost of rent in England reached a new high in July, the Goodlord Rental Index reveals. The index, which has been tracking the contracted rents of new tenancies across England for over six years, shows that the average monthly price of a rental… The post England rental costs reach record high in July: Goodlord appeared first on Mortgage Strategy.
HSBC has cut its lowest rate to 3.75%, while Virgin Money has trimmed rates and launched new products. HSBC has shaved a range of residential rates by up to 8 basis points, with its lowest rate for Premier customers coming in at 3.75%, for two-year… The post HSBC cuts lowest rate to 3.75%, Virgin Money trims rates appeared first on Mortgage Strategy.
UK Mortgage Prisoners Campaign Group says it has been left with “no hope” to find a solution for mortgage prisoners trapped in high home loans after a meeting with Treasury Minister Emma Reynolds last month. While Labour supported the group’s campaign in opposition, it says… The post Mortgage prisoners group left with ‘no hope’ following govt meeting appeared first on Mortgage Strategy.
Digital solutions provider e4 Strategic has launched VERSA, a digital workflow management platform. Designed to improve efficiency in the conveyancing process for UK mortgage lenders and conveyancers, the platform delivers a fully digital workflow that securely connects, in real time, lenders with conveyancers and other… The post e4 Strategic introduces VERSA platform appeared first on Mortgage Strategy.
