Mortgage strategy: UK latest mortgage news
Mortgage lending to grow 1.6% in 2024: EY. By Becky Bellamy. Mortgage lending to grow 1.6% this year, up from -0.1% in 2023,….
Historical interest rates in the UK, 1979-2017: rise and fall
Mar 29, 2018 · 2007-2017. Under the impact of the global financial crisis, the base interest rate fell to its lowest level for 300 years. Starting at 5.75 per cent in July 2007, rates had fallen to 0.5 per cent by March 2009, with a further fall to 0.25 per cent in August 2016. There was a very slight rise back to 0.5 per cent in November 2017.
Halifax Intermediaries cuts rates by up to 33bps
Jul 31, 2024 · Halifax Intermediaries has made rate reductions across various product ranges by up to 33 basis points, effective 1 August. Remortgage products will see complete by and end dates extended as well as lowered rates. The 80% loan-to-value (LTV) five-year fixed rate has been reduced from 5.25% to 4.93% while the 80% LTV
Santander for Intermediaries improves LTI ratios
Feb 14, 2023 · Santander for Intermediaries has updated the loan-to-income (LTI) ratios in its affordability calculator. The changes come into effect today (14 February). For those with a combined income of less than £45,000 the LTI is now 4.45x income on capital and interest and interest-only products. For those with a combined.
The latest breaking UK mortgage news | Mortgage Strategy
The latest breaking UK mortgage news | Mortgage Strategy. Mortgage Strategy offers the latest breaking UK mortgage news, covering mortgage rates, house prices, buy-to-let rates, mortgage products and other news around mortgage brokers, mortgage advisers and …
Co-op Bank completes mortgage migration from Platform
Feb 15, 2024 · The Co-operative Bank has migrated 120,000 mortgage customers from its Platform hub to the new The Co-operative Bank for Intermediaries mortgage brand. The lender says the move is part of a wider technology upgrade, “which will see the bank retire the majority of its legacy systems and data centres” later this year. It adds the new hub ...
Topaz Finance set to launch two mortgage brands
Jamie Rossouw 16 October 2017. Topaz Finance is set to launch two new UK mortgage companies. The firm has registered two new names and logos, Jasper Mortgages and Rosinca Mortgages, according to recent Intellectual Property Office filings. The firm’s mortgage servicer parent, Computershare, declined to comment on any plans for the two new firms.
Coventry expands 90% product range and cuts rates
Oct 13, 2023 · Selected residential rates have also been reduced by up to 16 bps. New deals include: 5.95% three-year fixed rate to 30 April 2027, 90% LTV, no product fee and £500 cashback – available for first time buyers. 4.85% five-year fixed rate to 30 April 2029, 65% LTV with a £999 product fee – available for residential purchase. Coventry ...
What makes a good BDM? – Mortgage Strategy
Dec 22, 2023 · Success in building and managing relationships with clients and stakeholders is often a key factor that can lead BDMs to more senior roles. He adds: “Building a collaborative relationship between brokers and BDMs helps us all to work efficiently and to more easily navigate the complexities of the role.”. It takes time.
Halifax introduces 3-year remortgage offers – Mortgage Strategy
Oct 19, 2023 · Halifax Intermediaries will introduce three-year fixed-rate remortgage products tomorrow (20 October). The lender’s new offers cover: Three-year fixes up to 60% loan to value, with a £999 fee, at 5.08% — repayment and interest only. Three-year fixes up to 75% LTV, with a £999 fee, at 5.28% — repayment and interest only.