HSBC UK posted £2.6bn of new mortgage lending over the first six months of the year, as the bank said it saw higher home loan balances but was hit by “competitive mortgage pricing”. The UK arm of the international bank said its loans and… The post HSBC adds £2.6bn of new mortgage lending in H1 appeared first on Mortgage Strategy.
Leeds Building Society has announced that joint or single applicants earning £30,000 per year will now be able to apply for a mortgage at that income level. The reduction from £40,000 annual income comes after the lender was given permission by the Bank of England… The post Leeds BS lowers minimum income requirements to help FTBs appeared first on Mortgage Strategy.
The Bank of England has confirmed the reappointment of Jackie Bennet as chair for the Residential Property Forum. The RPF is a Bank of England convened, industry-led group, which helps monitor the UK residential property sector to support the work of the Financial Policy Committee.… The post Bennett reappointed as chair of BoE’s Residential Property Forum appeared first on Mortgage Strategy.
TSB has made rate cuts of up to 0.30% to products in its product transfer and additional borrowing ranges. The product transfer residential one-year fixed rate and the buy-to-let (BTL) one-year fixed rate have both been lowered by 0.30%. In the same range, residential two-year… The post TSB lowers rates by up to 0.30% appeared first on Mortgage Strategy.
The Financial Conduct Authority has begun High Court proceedings against Concept Capital Group and others over alleged unauthorised consumer investments of more than £23m in static homes. The City regulator argues that London-based CCG invited investors to put cash in static homes, which were then… The post FCA takes firm to court over £23m static homes investment scheme appeared first on Mortgage Strategy.
Nationwide has reduced rates by as much as 0.21 percentage points, with the lowest rate now at 3.74%. Effective tomorrow, rates have been cut across two-, three- and five-year fixed products. For new customers moving home, Nationwide has reduced the two-year fixed rate at 60%… The post Nationwide cuts prices with lowest rate now at 3.74% appeared first on Mortgage Strategy.
Paragon lifted mortgage lending “marginally” to £1.1bn in the nine months to June from a year ago, but lowered its guidance for the rest of 2025. The landlord lender said that earlier 2025 completions “reflected the stamp duty disruption on the opening pipeline”. The landlord… The post Paragon mortgage lending edges higher, lowers guidance appeared first on Mortgage Strategy.
Broker views on how artificial intelligence will affect their work could not be more schizophrenic – with large numbers saying it will boost business, while others fear it will take their jobs. HSBC’s latest Broker Barometer says that seven in ten brokers “are either… The post Brokers split on whether AI will help them or replace them appeared first on Mortgage Strategy.
The UK housing sector is abuzz with activity and positive news, and the new-build space is no exception. With a potentially significant uplift in housing delivery on the cards, could it be that the stars are finally aligning in our industry? One of the major… The post Housing Watch: Dot the I’s and cross the T’s appeared first on Mortgage Strategy.
Liam Coleman has been appointed interim chair of the Financial Ombudsman Service, which is undergoing widespread changes to scale back its powers and speed up its claims procedures. Coleman (pictured), a former chief executive officer of The Co-operative Bank, will take up the role on… The post Coleman named as interim FoS chair after initial recruitment ‘unsuccessful’ appeared first on Mortgage Strategy.
