News

  • House prices fall for first time in 13 months: Industry reaction

    House prices slipped by 0.1% in July, posting their the first fall since last June, according to the latest Halifax house price index, which divides property professionals on whether the housing market is about to hit the buffers, or whether it will continue to defy the cost of living crisis. The lender’s data comes a The post House prices fall for first time in 13 months: Industry reaction appeared first on Mortgage Strategy.

  • Together announces new head of clubs and networks

    Together has appointed Nick Parker as its new head of clubs and networks. Parker hails from Aldermore, where he worked as had of intermediary distribution. He has also worked at Lloyds, Barclays, and Mortgages PLC. He replaces Phil Quinn, who has worked as head of national accounts for two years. Together chief executive of personal The post Together announces new head of clubs and networks appeared first on Mortgage Strategy.

  • Skipton appoints Robertshaw to telephone BDM manager

    Skipton Building Society for Intermediaries has promoted James Robertshaw to join its team of telephone business development managers. Robertshaw joined the Society’s broker support team in 2020 and moved to become an underwriter, until recently when he decided his combined experiences would make a great fit for a telephone business development manager role. He says: The post Skipton appoints Robertshaw to telephone BDM manager appeared first on Mortgage Strategy.

  • Weekly rate watch: Majority of fixes surge upwards

    Average rates for two-, three- and five-year fixes rose this week following yesterday’s base rate rise, says Moneyfacts in a new report. The average rate for a two-year fix increased by 6 basis points to 3.99%, for a three-year fix the average rate moved up by 15 basis points to 4.42%, and for a five-year The post Weekly rate watch: Majority of fixes surge upwards appeared first on Mortgage Strategy.

  • Blog: Are conveyancers to blame for transaction delays?

    At around 96,000, the number of residential property transactions in the UK in June this year was only around half the level it was 12 months earlier.  There are a number of obvious reasons behind this dramatic decline – and some have had a much greater market impact than others.  Some property industry professionals are The post Blog: Are conveyancers to blame for transaction delays? appeared first on Mortgage Strategy.

  • House prices fall for first time in 13 months: Halifax

    UK house price annual growth eased to 11.8% in July making the average price of a home £293,221, according to the latest Halifax house price index, while transaction prices slipped for the first time in 13 months. Year-on-year growth fell from 12.5% the month before, as house prices fell marginally by 0.1% in July, the The post House prices fall for first time in 13 months: Halifax appeared first on Mortgage Strategy.

  • Pro-consumer lobby group slams FCA over Consumer Duty rules

    The Transparency Task Force (TTF), a pro-consumer lobby group, has decried the Financial Conduct Authority (FCA) over its Consumer Duty rules, saying it fails to adequately protect the interest of consumers. The group said the FCA’s Consumer Duty final rules for firms, which were published on 27 July, did not provide consumers with the right The post Pro-consumer lobby group slams FCA over Consumer Duty rules appeared first on Mortgage Strategy.

  • Saffron Building Society halts loan applications due to high demand

    Saffron Building Society will temporarily halt almost all new mortgage applications from 5pm today (4 August), because it is unable to cope with high levels of demand. The mutual says: “The increasing levels of interest in Saffron’s popular range of mortgages – especially specialist products – has caused an impact on service levels for brokers.” The post Saffron Building Society halts loan applications due to high demand appeared first on Mortgage Strategy.

  • Brokers agonise over HSBC system errors

    A number of brokers have approached Mortgage Strategy with complaints that HSBC’s online systems have prevented the submission and management of cases across the last 24 hours. Describing the evening before today, 4 August, as “chaotic”, one broker said they couldn’t reach any business development managers (BDMs), “and the standard one hour to answer a The post Brokers agonise over HSBC system errors appeared first on Mortgage Strategy.

  • Lenders raise home loans following BoE base rate rise

    A range of lenders have moved to raise mortgage rates following the Bank of England’s noon decision to hike the base rate by 50 basis points to 1.75%, the highest rate rise since 1995. Santander for intermediaries says all Santander and Alliance & Leicester tracker mortgage products will increase by 50bps from 3 September, including The post Lenders raise home loans following BoE base rate rise appeared first on Mortgage Strategy.

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