Mortgage Solutions
Traditionally, the later life lending market has been one which was dominated by equity release, predominantly serving older homeowners in their 70s who needed or were looking to access the wealth tied up in their properties. Read more. Better Business. Rising Star: Georgia Smith, Hinckley and Rugby Building Society.
BM Solutions launches new mortgage application system
Oct 23, 2020 · BM Solutions is rolling out a new online mortgage application system with features designed to improve the application process for intermediaries. Initially, the system will only be available for new mortgage business, including buy-to-let purchases, let-to-buy and remortgage applications. Product transfers, further advances and transfer of ...
Coventry BS to buy Co-op Bank for £780m - Mortgage Solutions
May 24, 2024 · The cash needed to acquire The Co-op Bank will be funded from Coventry Building Society’s existing cash resources at completion. ‘A transformational moment for members and customers’. The acquisition is subject to regulatory approval and is expected to complete early next year. Of the cash consideration, up to £125m will be deferred for ...
Everything you need to know about swap rates…but were afraid to …
Oct 7, 2022 · There are several factors as to why swap rates have been especially volatile over the past few months, including base rate increases, the war in Ukraine, rising inflation and the fall in the value of sterling. Duncombe said: “The uncertainty surrounding the rising cost of living, inflation and ongoing conflict in Ukraine all continue to ...
Barclays slashes mortgage rates by up to 0.43 per cent
Dec 19, 2023 · High street lender Barclays will lower mortgage rates by up to 0.43 per cent across its residential, buy-to-let purchase and remortgage ranges along with its reward ranges. The lender said that it had reviewed its offering against “market funding conditions” and the changes to its mortgage rates come into effect from tomorrow.
Virgin Money and MPowered Mortgages lower fixed rate deals – …
Aug 28, 2024 · Virgin Money ‘s fixed rate changes come into force from 29 August. Within its purchase range, two- and five-year deals with a £995 fee and £300 cashback at 85% and 90% loan to value (LTV) have been lowered by up to 0.2%. This includes its two-year fixed rate at 85% LTV, which has decreased by 0.2% to 4.74%. Its five-year equivalent has ...
Nationwide BS and brokers issue spray foam mortgage warning
Nov 25, 2022 · Brokers: ‘Significant issues’ with spray foam. Adviser reported cases where spray foam has been an issue but say the approach from lenders is mixed. Oliver Cotterell, director at Windsor Hill Mortgages, said: “We have had cases when clients both trying to purchase and refinance have had significant issues. “We have seen lenders react in ...
Barclays cuts residential and buy-to-let mortgage rates
Jul 4, 2024 · Barclays has reduced mortgage rates across its residential and buy-to-let (BTL) deals, the second round of pricing cuts in as many weeks. For existing borrowers, its premier purchase five-year fixed mortgage at 60% loan to value (LTV) with an £899 fee has been lowered from 4.25% to 4.22%. The loan size for this product ranges from £5,000 to £2m.
The lowdown on swap rates – explainer - Mortgage Solutions
May 19, 2022 · Introducing the first in our video series “Market Moves: Understanding UK Housing Trends” The. According to Chatham Financial, the current two-year Sterling Overnight Interbank Average Rate (SONIA) swap rate is 2.15 per cent, while a five-year equivalent sits at 2.03 per cent. The 10-year swap rate is priced at 1.85 per cent.
Broker-developed CRM integrates with Ignite and Sourcing Brain
Jan 3, 2024 · ClientTree first partnered with Mortgage Brain in November in response to broker requests, then subsequently with Legal and General at the end of December. This partnership gives users of the CRM access to criteria and affordability checks available through the sourcing systems. Ignite is also free to use, meaning access to the platform will be ...