This week’s top headlines include Monzo Bank being fined £21 million for lax anti-financial crime controls, and lenders signing an open letter warning the Chancellor not to slash the cash ISA limit. Explore these and other major industry updates below: Monzo fined £21m for poor… The post Mortgage Strategy’s Top 10 Stories: 07 July to 11 July appeared first on Mortgage Strategy.
The Financial Conduct Authority’s (FCA) Consumer Duty represents a significant step change in the regulatory landscape, demanding more than simply compliance – it requires a proactive commitment to delivering consistently good outcomes for customers. Nowhere is this more critical than in the specialist and often… The post Blog: Embedding Consumer Duty in the self-build mortgage market appeared first on Mortgage Strategy.
These are exciting times for the market. Change is happening fast, driven by price competition and rapid innovation across every part of the industry. A major force behind this shift is the intense price competition among the big six lenders. As they battle over margins,… The post Blog: Creativity, innovation and – most important of all – advice appeared first on Mortgage Strategy.
Stamp duty relief for downsizers could free up over half a million homes within just 12 months, according to new research from national estate agency Jackson-Stops. The research, which looks at the impact of the property tax on older homeowners, found that over a fifth… The post Stamp Duty break for downsizers could unlock 500,000 homes a year appeared first on Mortgage Strategy.
First-time buyer affordability is being stretched further as increased borrowing is not keeping pace with house prices, new data from Acre suggest. The mortgage platform’s analysis of 14m affordability searches in the first half of 2025, show that first-time buyers are borrowing an average of £240,299,… The post FTB borrowing not keeping up with house prices: Acre appeared first on Mortgage Strategy.
Barclays and Clydesdale Bank are cutting mortgage rates by as much as 26 basis points tomorrow, with a number of Barclays’ deals dropping below 4%. In Barclays’ remortgage range, a two-year fixed rate at 75% LTV will reduce by 15bps from 4.14% to 3.99%, with… The post Barclays cuts more deals below 4%; Clydesdale slashes rates appeared first on Mortgage Strategy.
Atom has launched a number of near-prime products with rates from 5.09%. The deals come with a £1,500 arrangement fee and are available at up to 90% loan-to-value. The range includes both purchase and remortgage deals. Two-year fixes start from 5.09%, while three and five-year… The post Atom launches near-prime deals appeared first on Mortgage Strategy.
Nationwide becomes the latest major lender to cut fixed-rate home loans, with prices starting from 3.84%. The mutual will cut fixes by up to 20 basis points across selected two-, three- and five-year products from tomorrow. Highlights include: Switcher — Selected two-, three- and… The post Nationwide joins lender cuts with rates starting at 3.84% appeared first on Mortgage Strategy.
Large lenders will be able to top their current 15% loan-to-income ratio limits to allow for greater mortgage lending, under new guidance from a key Bank of England committee. The Financial Policy Committee says that “individual lenders [should be allowed] to increase their share… The post Large lenders able to top key LTI 15% limit, says regulator appeared first on Mortgage Strategy.
Mortgage applications jumped almost 42% in June compared to a year ago, according to the latest market update from Stonebridge network. Borrowers are on average £888 a year better off, as mortgage rates have fallen by 62 basis points over the past year, it found.… The post Mortgage applications jump 42% in June: Stonebridge appeared first on Mortgage Strategy.
