The Financial Conduct Authority (FCA) has revoked Carlo Palombo’s ban from the financial services industry and is ending its action against Tom Hayes following the recent Supreme Court judgment quashing their criminal convictions. Both of these convictions formed the basis upon which the FCA took… The post FCA takes no further action against Palombo and Hayes appeared first on Mortgage Strategy.
BM Solutions has launched its digital buy-to-let (BTL) service for limited companies. The new service is designed to streamline the property investment process for mortgage brokers and their clients. It aims to make the process quicker and simpler for both brokers and applicants and offers… The post BM Solutions launches digital BTL service for limited companies appeared first on Mortgage Strategy.
CHL Mortgages for Intermediaries has announced a reprice of its buy-to-let range, cutting rates by as much as 32bps. The specialist lender has reduced rates by up to 32bps on its CHL 1 limited edition range, with two-year fixed rates now starting at 2.35% and… The post CHL Mortgages chops rates across BTL range appeared first on Mortgage Strategy.
Four more bankers found guilty of rigging Libor interbank lending rates will appeal against their convictions following the victory of two traders at the Supreme Court this week. Jay Merchant, Jonathan Mathew and Philippe Moryoussef, who all worked at Barclays, and Christian Bittar, a former… The post Four bankers appeal Libor rate-rigging convictions after Supreme Court ruling appeared first on Mortgage Strategy.
This week’s top headlines: The average property price continues to decline in July, and Finova appoints Richardson as chief executive officer. Explore these and other major industry updates below: Lloyds and Nationwide cement top spots as largest resi and BTL lenders Lloyds Banking Group… The post Mortgage Strategy’s Top 10 Stories: 21 July to 25 July appeared first on Mortgage Strategy.
Market Harborough Building Society has become the latest lender to ease interest stress testing for residential loans, allowing customers to borrow up to £55,000 more when buying their home. The mutual says its new rules mean that many clients will see an increase in… The post MHBS relaxes stress tests to allow up to £55,000 of extra borrowing appeared first on Mortgage Strategy.
The Bank of England should “continue to ease monetary policy gradually, while remaining flexible in light of elevated uncertainty,” said the International Monetary Fund. The influential Washington-based thinktank, as part of its annual health check of the UK economy, said the BoE should remain… The post IMF backs Bank of England ‘gradual’ interest rate cut stance appeared first on Mortgage Strategy.
Vida has introduced a series of enhancements across its buy-to-let and residential product ranges. The specialist lender has repriced much of its buy-to-let range, delivering rate cuts of up to 0.51% to support landlords in a competitive market. The minimum loan size for selected Limited… The post Vida confirms upgrades to BTL and resi ranges appeared first on Mortgage Strategy.
KSEYE is introducing automated valuations to its loans process in a bid to “improve speed, efficiency, and flexibility for brokers and borrowers”. The bridging lender says the new feature, which comes after a period of broker feedback, will be available on loans up to £750,000 and to a maximum of 60% loan to value. It adds… The post KSEYE rolls out automated valuations appeared first on Mortgage Strategy.
Sancus Lending has hired Steve Thompson as relationship director, bolstering its national origination team. The specialist firm says Thompson (pictured) will focus on new business around development finance and bridging loans, as well as “building long-term relationships with key external stakeholders”. He will “work closely” with… The post Sancus hires Thompson as relationship director appeared first on Mortgage Strategy.
