- News analysis: How to speed up processing
Asked what advisers could do to better package their clients’ applications and secure faster turnaround times, lenders focused on accuracy and completeness The post News analysis: How to speed up processing appeared first on Mortgage Strategy.
- Charles Randell to step down from FCA in Spring 2022
Charles Randell will step down from his roles as chair of the Financial Conduct Authority and Payment Systems Regulator (PSR) in Spring 2022. He asked the chancellor Rishi Sunak to start the process to appoint his successor. Commenting on the development, Sunak said: “I want to thank Charles Randell for his work as chairman of The post Charles Randell to step down from FCA in Spring 2022 appeared first on Mortgage Strategy.
- Weekly rate watch: Large movements see majority of fixes fall
Average rates for fixed mortgages dropped this week, reversing last week’s action, shows new Moneyfacts data. The average rate for a three-year fix made the most significant move, losing 8 basis points to finish the week at 2.26%. Meanwhile, the average rate for a five-year fix dropped 2 basis points to 2.54% and, for a The post Weekly rate watch: Large movements see majority of fixes fall appeared first on Mortgage Strategy.
- Blog: Shared ownership is on the way up
Affordability remains the key downside for people wanting to buy a home, which is why government schemes such as Help to Buy have proved popular. Help to Buy is due to close in 2023 and there are private firms looking to fill the void but an alternative way to get a foot on the housing ladder is shared ownership. This year we have seen an increase in enquiries and sales of this part The post Blog: Shared ownership is on the way up appeared first on Mortgage Strategy.
- Appetite for complex borrowing drops in third quarter: L&G
Fewer borrowers with complex financial situations looked for mortgage products during the third quarter of this year, data from L&G Mortgage Club’s SmartrCriteria shows. The tool shows that in August, there was a 9% fall in searches for products for borrowers with debt management plans, an 8% drop for products for borrowers with unsecured arrears, The post Appetite for complex borrowing drops in third quarter: L&G appeared first on Mortgage Strategy.
- Ami to unveil Viewpoint on Diversity, Inclusion and Equity
The Association of Mortgage Intermediaries will launch its Viewpoint on Diversity, Inclusion and Equity in the mortgage industry on Thursday 21 October. In July, Ami conducted a study into these matters, requesting views from across the mortgage market, the results of which will be announced at Thursday’s event. It is hoped the study, operated by The post Ami to unveil Viewpoint on Diversity, Inclusion and Equity appeared first on Mortgage Strategy.
- Pepper Money brings out bankruptcy product
Pepper Money has issued a new range of mortgages aimed at potential borrowers who have been discharged from bankruptcy or an individual voluntary arrangement. The lender has also opened its core range of products to clients who are currently in a debt management plan (DMP). The new bankruptcy range requires the borrower to have been The post Pepper Money brings out bankruptcy product appeared first on Mortgage Strategy.
- KSEYE launches hybrid BTL range
KSEYE has launched a range of hybrid buy-to-let products for landlords in England and Wales. The bridging lender says the range is available for houses in multiple occupation, multi-unit freehold blocks, holiday lets, ex-local authority houses and flats, as well as Grade II listed buildings. The suite covers residential and mixed-use properties, up to a The post KSEYE launches hybrid BTL range appeared first on Mortgage Strategy.
- Over 65s need homes to help solve housing crisis: Propertymark
Housing policies need to help the rising number of people aged over 65 move to suitable properties, says Propertymark. The estate agents’ trade body says the government should have a greater focus on building new homes for older people for them to move into to help solve the country’s housing crisis. There were more than The post Over 65s need homes to help solve housing crisis: Propertymark appeared first on Mortgage Strategy.
- Homeowners willing to pay £1,200 premium for long-term mortgages
Eight out of ten homeowners and renters looking to get onto the property ladder would consider paying a £1,200 premium for a long-term fixed-rate mortgage over a short-term one if it provided greater certainty on mortgage repayments. Around 83% of people would consider buying a long-term mortgage – ranging from five to 40 years – The post Homeowners willing to pay £1,200 premium for long-term mortgages appeared first on Mortgage Strategy.
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