Mortgage strategy: UK latest mortgage news
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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.
Mortgage Brain adds Perenna to sourcing and criteria platforms
Jan 19, 2024 · Technology provider Mortgage Brain has welcomed Perenna to its Sourcing Brain and Criteria Brain platforms. Perenna is a mortgage bank that specialises in flexible long-term fixed rate residential mortgages. The challenger bank lends up to 95% LTV and offers fixed rate terms from 20-40 years, giving borrowers
Newcastle Intermediaries doubles offer period to six months
May 15, 2023 · Newcastle Intermediaries has doubled the validity period of its borrower loans to six months. The broker-only arm of Newcastle Building Society says the move will help buyers in “property chains where the process can take longer, or customers looking to re-mortgage well ahead of their current deal expiring”. The changes to its offer period ...
Accord lowers BTL rates by up to 0.15% – Mortgage Strategy
Aug 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
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 ...
Co-op Bank completes mortgage migration from Platform
Roger Baird 15 February 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 ...
The latest breaking UK mortgage news | Mortgage Strategy
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. Advisers.
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.
MPowered Mortgages enters prime residential mortgage market
May 4, 2022 · MQube’s MPowered Mortgages has received approval from the Financial Conduct Authority (FCA) to expand into the prime residential mortgage market. The approval follows investment backing of an undisclosed sum from Barclays, M&G Investments and Citigroup’s SPRINT. The three financial services companies join AV8, IQ.