Mortgage Finance Gazette
Mortgage Finance Gazette –. IHT lifts 10% to £4.3bn as Chancellor prepares Budget plans: HMRC. BTL loans in Q2 hit £8.9bn up 26% on 2023: UK Finance. Second charge lending growth outpaces market over 1, 2 and 5 years: Pepper Money. Stamp duty receipts hit £8.6bn as focus turns to Reeves budget. Product availability increases but borrowers ...
First ‘mortgage prisoners’ court trial starts today
Jul 23, 2024 · Mortgage prisoners will claim up to £30,000 in compensation as the first group legal action begins at the High Court today, involving TSB’s Whistletree subsidiary. Harcus Parker says successful cases could open up compensation claims for thousands of former Northern Rock ‘mortgage prisoners’ with average claims estimated to be between £ ...
Blog: ESG is coming for the mortgage market
May 19, 2022 · Before long, you can rest assured, green and ESG factors will be coming to the world of debt, wrapped in a mortgage, HP, BNPL or a PCP, or the multitude of other products. Fuelled by pressure from special interest groups, as consumer awareness grows, we expect ESG to have an increasing impact on brokers, lenders and platforms from as soon as 2022.
Fleet intros landlord loans, reduces rates by up to 35bps
Jun 25, 2024 · The lender has made a 20bps reduction to its standard 75% LTV five-year fix for individual landlord borrowers, with a new rate of 5.14% from 5.34%. plus a 35bps reduction for the same product for limited company borrowers, also now available at a rate of 5.14%, down from 5.49%. Both products come with a 3% fee, beginning at a minimum of £750.
Two-year fixes drop 4bps over past week - Mortgage Finance …
Jul 19, 2024 · Two-year fixed rates. Following the latest round of price cuts, the average two-year fix is now 5.88%, down from 5.92% a week ago. The biggest fall was in the 60% LTV tier where average rates were down 6bps from 5.39% to 5.33%. In the 85%, 70% and 65% LTV tiers average rates dropped by 5bps, while in the 80% tier they were down 4bps.
Market news Archives - Mortgage Finance Gazette
The direct debit failure rate is 12% higher compared to August 2023, the latest Office ... Mortgage possession claims increase 34%: MoJ. Mortgage and landlord possession volumes between April and June have both increased when compared to ... Mortgage arrears largely unchanged in …
Housing Archives - Mortgage Finance Gazette
15th October 2024 Leave a comment. UK housebuilder Bellway’s results for the year to end of July 2024 reveal that profit fell by 44.6% from £687.3m to £381.1m. Total housing completions were 7,654 homes, compared to 10,945 in 2023, at an overall average selling price of £307,909 ( £310,306 in 2023).
Leeds BS reduces rates on select fixed mortgages
Aug 23, 2024 · Rates have been reduced by up to 35bps on selected products in the range, applicable to new borrowers and those remortgaging. Following the reductions, rates now start at 4.09% for a five-year fix, cut from 4.44%. This product comes with a completion fee of £999 and is available up to 75% LTV. Other new rates include a three-year fix available ...
Shawbrook Bank acquires The Mortgage Lender
Jan 28, 2021 · By Kate Saines in Market news 28th January 2021 0. The Mortgage Lender (TML) has become part of Shawbrook after the bank acquired the specialist provider for an undisclosed sum. The deal has provided TML with balance sheet funding for its existing, specialist intermediary-only mortgages and has provided it with the ability to expand its product ...
Pepper Money moves to rebrand Optimum Credit after regulatory …
Jan 6, 2022 · The mortgage lender bought Cardiff-based Optimum Credit in October 2018 from Patron Capital for an undisclosed sum. The deal included a UK second charge loan book of more than £450m.. Pepper Money says it plans to rebrand Optimum Credit under its own name in “ approximately three weeks” to create a “ comprehensive specialist lender”.. Optimum Credit, …