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.
What is a lifetime lease purchase? – Mortgage Strategy
WEBMortgage Strategy 8 October 2007. Lifetime lease purchase deals involve raising finance but not on current properties. Rather, they are taken out when consumers move home. They are called lifetime lease schemes. Although not identical to sell-and-rent-back options, they are unregulated too.
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 …
HSBC For Intermediaries – News and Analysis - Mortgage Strategy
WEBHSBC to sell through First Complete and Pink. Mortgage Strategy’s latest news, analysis and opinion featuring HSBC For Intermediaries.
News Analysis: Down-valuation strife is back – Mortgage Strategy
WEBJun 9, 2022 · Mojo Mortgages co-founder and chief executive Richard Hayes says down-valuations, which he defines as a surveyor’s value being more than 5% below the applicant’s purchase price, are still relatively high compared to pre-2021 levels. “On purchases, down-valuation rates are around 10%, and …
Chancellor scraps 99% mortgages after lender concern: Report
WEBMar 1, 2024 · Chancellor Jeremy Hunt has scrapped plans for a 99% mortgage scheme for first-time buyers after bankers warned it would push up defaults. The Treasury has abandoned the proposal that was tipped to feature in next week’s Spring Budget just days after it emerged that the move was on the drawing board, according to a report in The Telegraph. The scheme would have seen home buyers able to put ...
Pepper Money speeds up application process for second charge …
WEBEmma Simon 19 October 2023. Pepper Money has launched a new ‘consent to follow’ option on its second charge mortgages, designed to speed up the application process. This should reduce the time it takes Pepper Money to issue a mortgage offer, as this will now be provided if consent from the first charge lender is the only outstanding item.
Accord lowers BTL rates by up to 0.15% – Mortgage Strategy
WEBAug 7, 2024 · Accord Mortgages has lowered rates on its buy-to-let (BTL) product range for a second time this week. Reductions, which are effective tomorrow, have been made by up to 0.15% across all loan-to-values (LTVs) up to 75%. The latest changes include two-year fixes reducing by 0.15%, with reductions of up to 0.10% on three
Halifax announces changes to product range - Mortgage Strategy
WEBJan 2, 2024 · Halifax intermediaries has announced changes to its product range including homebuyer and remortgage products. The homebuyer change includes first time buyer, new build, large loans and affordable housing, shared equity/shared ownership, and the equivalent Green Home products. The lender said it has extended the