This week’s top headlines include the Chancellor announcing reforms to add over 35,000 first-time buyer loans a year, and the departure of the former Financial Ombudsman Service chief executive due to a ‘collapse in confidence’. Explore these and other major industry updates below: Chancellor… The post Mortgage Strategy’s Top 10 Stories: 14 July to 18 July appeared first on Mortgage Strategy.
Lloyds Banking Group retained its top spot as the UK’s largest mortgage lender in the latest UK Finance rankings, as home loan finance looks set to grow over the year ahead. The group, which owns Halifax, saw its gross lending jump by 28% to £47bn… The post Lloyds and Nationwide cement top spots as largest resi and BTL lenders appeared first on Mortgage Strategy.
MPs have launched an inquiry into the barriers to homeownership for first-time buyers, particularly those on lower incomes. The study will look at how government supports FTBs through tax breaks, such as stamp duty, and financial products, such as special ISAs and mortgages, says… The post MPs launch inquiry into barriers to FTB homeownership appeared first on Mortgage Strategy.
Leeds Building Society has appointed Helen Cawthra and Andy Sykes as senior corporate account managers. Cawthra returns to Leeds Building Society having previously worked at the mutual between 2016 and 2018. She joins from Vida Homeloans where she was head of intermediary relationships. With 24… The post Cawthra returns to Leeds BS as Primis Sykes joins appeared first on Mortgage Strategy.
The number of homes for private rent is reducing across the capital despite growing demand. This is according to official data and National Residential Landlords Association (NRLA) is warning that, without action to tackle the supply problem, renters will see their housing choices reduced even… The post London renters under pressure as number of homes to rent falls appeared first on Mortgage Strategy.
City bets on a Bank of England rate cut inched higher after data showed that the UK jobs market continues to weaken. The annual rate of pay growth in the three months between March and May slowed to 5%, according to the Office for… The post City bets on rate cut rise after weaker jobs data appeared first on Mortgage Strategy.
LendInvest Mortgages has made enhancements to its mortgages portal, making buy-to-let (BTL) product transfers more visible and accessible for its intermediary partners. As part of the updates, BTL product transfers are now displayed within the mortgages portal. Brokers will see “product transfer available” on the… The post LendInvest enhances mortgages portal for product transfers appeared first on Mortgage Strategy.
Protection Guru has boosted the number of searches brokers can carry out on its platform by 250%. The comparison firm says advisers can increase searches using their standard licences, allowing them to conduct searches across all products using a single credit using its Pro… The post Protection Guru lifts broker standard licence searches by 250% appeared first on Mortgage Strategy.
The mortgage industry broadly welcomed the Chancellor’s Mansion House speech last night, where she said: “In too many areas, regulation still acts as a boot on the neck of businesses”. Rachel Reeves (pictured), in comments to the City, said her ongoing reforms across mortgage… The post Mansion House reaction: Work to build ‘dynamic’ finance culture begins now appeared first on Mortgage Strategy.
The Mortgage Works has reduced its rates by up to 0.30 percentage points across selected buy-to-let (BTL) products existing customers. The new rates, which start from tomorrow, include the switcher BTL two-year fixed rate with a 3% fee, available up to 65% loan-to-value (LTV), which… The post The Mortgage Works lowers rates by up to 30bps on BTL products appeared first on Mortgage Strategy.
