News

Nationwide becomes the latest major lender to cut fixed-rate home loans, with prices starting from 3.84%.   The mutual will cut fixes by up to 20 basis points across selected two-, three- and five-year products from tomorrow.  Highlights include:  Switcher -- Selected two-, three- and… The post Nationwide joins lender cuts with rates starting at 3.84%   appeared first on Mortgage Strategy.

Large lenders will be able to top their current 15% loan-to-income ratio limits to allow for greater mortgage lending, under new guidance from a key Bank of England committee.   The Financial Policy Committee says that “individual lenders [should be allowed] to increase their share… The post Large lenders able to top key LTI 15% limit, says regulator   appeared first on Mortgage Strategy.

Mortgage applications jumped almost 42% in June compared to a year ago, according to the latest market update from Stonebridge network. Borrowers are on average £888 a year better off, as mortgage rates have fallen by 62 basis points over the past year, it found.… The post Mortgage applications jump 42% in June: Stonebridge appeared first on Mortgage Strategy.

Loan originations platform Mast has joined the Equity Release Council.   The new technology member says its platform features, which include, a built-in policy engine and real-time feedback, aim to support later life lender market growth.  Equity Release Council chief executive Jim Boyd says: “While customers are… The post Loan originations platform Mast joins Equity Release Council   appeared first on Mortgage Strategy.

Simplybiz has announced it will help its member firms with the preparation and submission of data for the FCA’s recent information request. The survey, sent in early July by the FCA to all firms with advisers who undertake investment activities, forms part of the regulator’s… The post Simplybiz offers support on FCA data request submissions appeared first on Mortgage Strategy.

Marsden Building Society has appointed Jo Cave as its head of mortgages.   The mutual says Cave “will play a crucial role in the society’s ambitious plans for growth within the mortgage market, which includes the development of new platforms and assisted decisioning to provide… The post Marsden BS hires Cave as head of mortgages   appeared first on Mortgage Strategy.

Leeds Building Society, Accord, CHL and Furness are all cutting mortgage rates this week. Leeds is making the most substantial reductions of up to 40 basis points tomorrow, while Accord is trimming up to 6bps off 90% LTV deals. CHL has cut rates by up… The post Rates fall at Leeds, Accord and CHL appeared first on Mortgage Strategy.

Building society bosses, credit unions and other key stakeholders have signed an open letter calling on the chancellor to maintain the current £20,000 cash ISA allowance amid mounting rumours it will be cut. Speculation has been growing that Rachel Reeves will slash the allowance in… The post Lenders warn chancellor not to slash cash ISA limit appeared first on Mortgage Strategy.

Seven housebuilders have agreed to pay a total of £100m to affordable housing programmes following a Competition and Markets Authority data investigation.   The move comes after the CMA launched an investigation last year following concerns that seven developers exchanged details about sales including pricing, number… The post Builders pay £100m into affordable housing after CMA data probe   appeared first on Mortgage Strategy.

  Hinckley & Rugby for Intermediaries has launched three new products under its Income Flex range, for borrowers who fall outside traditional income assessments. All three products are available at up to 90% LTV and make use of the lender’s enhanced affordability calculation of up… The post Hinckley & Rugby introduces income flex products appeared first on Mortgage Strategy.