Mortgage strategy: UK latest mortgage news
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Historical interest rates in the UK, 1979-2017: rise and fall
WEBMar 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.
The latest breaking UK mortgage news | Mortgage Strategy
WEBMortgage News. 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 the mortgage industry as a whole. Legislation.
NatWest offers 3.89% loans, Santander reduces rates by up to 27bps
WEBAug 12, 2024 · NatWest’s reductions of up to 76bps include: Five-year 60% loan to value purchase fixes down by 14bps to 3.89%, with a £1,495 product fee. Two-year 60% LTV remortgage fixes down by 76bps to 4.05%, with a £3,499 product fee. Two-year 65% LTV green landlord purchase fixes down by 42bps to 4.57%, with a £995 product fee.
Brokers prepare for new consumer duty rules - Mortgage Strategy
WEBJul 26, 2022 · At the end of this month the Financial Conduct Authority (FCA) is due to publish details of its new consumer duty rules, with final compliance expected by 30 April 2023. This follows a consultation that ended in March this year. The regulator proposed that, in order to raise the standard of consumer protection, firms
Santander to cut product transfer window to 4 from 6 months
WEBJun 3, 2024 · Santander for intermediaries will cut its product transfer window for existing customers to four from six months next week. The move to introduce longer product transfer windows was part of the voluntary Mortgage Charter last July negotiated between Chancellor Jeremy Hunt and major lenders, as rates rose following the Liz Truss mini-Budget in September 2022.
News analysis: Reflections and aspirations – Mortgage Strategy
WEBDec 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 …
Help clients plan for the future by discussing all the options
WEBJun 11, 2023 · Help clients plan for the future by discussing all the options. The future is uncertain — helping borrowers choose a mortgage that gives them the level of certainty they need is crucial. Katherine Willis 11 June 2023. Colin Bell, co-founder and chief operating officer, Perenna. We can’t predict the future, but it’s important we protect ...
Five-year fixes preferred by landlords when remortgaging: Landbay
WEBDavid Burrows 15 August 2024. Buy-to-let landlords continue to favour the stability of a fixed-rate mortgage, with the majority set to choose a five-year fixed rate when they come to remortgage, new survey data from Landbay reveals. When asked for their loan of choice when they come to remortgage, 71% of landlords said they’ll choose a five ...
Barclays Mortgage Insider: Making financial advice more inclusive …
WEBJul 4, 2023 · The final episode in Season 4 of Barclays Mortgage Insider Podcas t evaluates where these barriers appear, the progress being made by the mortgage industry to overcome them and what more brokers can be doing to make the advice they offer more inclusive, more accessible and easier to understand. Host and …