Mortgage Solutions
WEBHome. Breaking News. Vitality broadens income protection access to meet modern working trends • A tenth of private tenants struggle to pay rent – Pegasus Insight • Almost half of non-PAYE workers have been rejected for a mortgage • HLPartnership hires Ferrier as regional sales manager •.
Barclays cuts residential and buy-to-let mortgage rates
WEBJul 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 …
Halifax reduces rates by 0.45 per cent - Mortgage Solutions
WEBJan 10, 2024 · Halifax has lowered two and five-year fixed rates for homebuyers and movers by up to 0.45 per cent, bringing some deals under five per cent. Its two-year fixed rate at 60 per cent loan to value (LTV) has fallen from 4.62 per cent to 4.29 per cent. At 80 per cent LTV, the cut is from five per cent to 4.57 per cent and at 85 per cent the fall is ...
Coventry BS to buy Co-op Bank for £780m - Mortgage Solutions
WEBMay 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 …
WEBOct 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 ...
News - Mortgage Solutions
WEBNews. Know Your BDM: Foz Ahmad, Metro Bank • Budget timing a huge misstep by new government – JLM • Hinckley and Rugby BS improves income flex and resi criteria; Principality BS tweaks rates – round-up • Hampshire Trust Bank introduces dual representation for bridging cases •.
Accord cuts resi mortgage rates for second time in two weeks
WEBJul 10, 2024 · Accord Mortgages has reduced its residential mortgage rates for the second time in the last two weeks, with cuts of up to 0.25%. This follows the reductions the lender made to its residential and buy-to-let (BTL) mortgage rates on 3 July, which it said was made possible because of the more stable market. This …
Virgin launches retrofit mortgages with up to £15k cashback
WEBJul 9, 2024 · The Retrofit Boost mortgage will help borrowers to improve the energy efficiency of their homes with a cashback incentive of up to £15,000. The products have a £995 fee and there is a five-year fix at 75% loan to value (LTV) with a rate of 4.99% and £3,000 cashback. At 85% LTV, the cashback incentive …
TMW cuts BTL mortgage switcher rates - Mortgage Solutions
WEBJul 16, 2024 · The Mortgage Works (TMW) is reducing rates on selected switcher mortgages by up to 0.2 percentage points. The cuts, which take effect from tomorrow, mean that switcher rates for existing BTL borrowers will now start from 3.89%. At 3.89%, a two-year fixed with a 3% fee is available up to 65% loan to value (LTV), reduced by 0.1%.
Lenders report rise in mortgage defaults in Q2 – BoE
WEBJul 11, 2024 · In the Bank of England’s (BoE’s) Credit Conditions Survey, lenders gave a score of 24% for default rates on secured loans to households, suggesting a rise over the quarter. Looking ahead, lenders returned a reading of 34.3% for the next three months, pointing to more defaults to come. The money lenders lost from defaults rose in Q2, with a ...