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
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 ...
Halifax and LendInvest lower rates – Mortgage Strategy
Oct 3, 2024 · Halifax has reduced rates from 0.11% for home movers and first-time buyers (FTBs), to a more significant 0.24% for remortgage products. The lender is also extending the completion dates on all products, which will provide borrowers with added flexibility. In an article published this morning by the Guardian, Bank of
Halifax For Intermediaries – News and Analysis - Mortgage Strategy
Halifax mulls weekly proc fee payments. Halifax is looking at moving from paying broker procuration fees monthly to…. Mortgage Strategy’s latest news, analysis and opinion featuring Halifax For Intermediaries.
News analysis: Reflections and aspirations – Mortgage Strategy
Dec 20, 2023 · News analysis: Reflections and aspirations. What a year — the consequences of the Mini-Budget, the arrival of the Consumer Duty, the FCA’s review of the later-life market. Will 2024 be less stressful? Rebekah Commane 20 December 2023. As 2023 draws to a close and we begin to reflect on the past 12 months, some look back more fondly than ...
Residential News - Mortgage Strategy
Hinckley & Rugby launches remortgage service through PEXA. Hinckley & Rugby Building Society has partnered with property technology firm PEXA…. Your one-stop-shop from Mortgage Strategy for all residential news, from housebuilding to transactions and remortgaging to first-time buyers. Register now for mortgage news and updates.
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.
Santander introduces new rates across BTL products
Georgie Lee 22 March 2022. Santander is introducing new buy-to-let (BTL) purchase and remortgage rates, and relaunching selected fee-free residential remortgage rates. New residential mortgage rates across two and five-year fixes are set at 2.44% with 85% LTV, while rates will be set at 2.89% and 2.99% for 90% LTV across two and five-year fixes ...