News

  • The Mortgage Lender upgrades BTL 80% LTV range

    The Mortgage Lender has boosted its 80% loan-to-value products and cut its minimum loan value to £25,001 across most of its buy-to-let range. It has added 15 new 80% LTV loans with different rate and fee combinations to the BTL range, with a two-year fixed-rate product starting at 4.35%, with a 1.5% fee, and a The post The Mortgage Lender upgrades BTL 80% LTV range appeared first on Mortgage Strategy.

  • BTL Watch: The value of advice is only increasing

    It’s been said many, many times over many, many years but the value of financial advice will only continue to rise. Trust, perception and professionalism remain key elements within this process and, with this in mind, it was interesting to see YouGov’s analysis of the UK’s most recommended brands over the course of the pandemic The post BTL Watch: The value of advice is only increasing appeared first on Mortgage Strategy.

  • Weekly rate watch: Average three-year fix falls

    The average rate for a three-year fix dropped by 6 basis points this week to 2.53%, shows data from Moneyfacts. Meanwhile, the average rate for a two-year fix slid by 1 basis point, ending the week at 2.52%. For a five-year fix, the average rate was static at 2.76% as it was for a 10-year The post Weekly rate watch: Average three-year fix falls appeared first on Mortgage Strategy.

  • Newcastle Building Society launches First Homes mortgages

    Newcastle Building Society has launched its range of 95% loan-to-value mortgages for first-time buyers under the government’s First Homes scheme. The mutual says its range is among the first to come to market under the initiative, which allows FTBs to benefit from a discount of at least 30% on a new build property’s market value. The post Newcastle Building Society launches First Homes mortgages appeared first on Mortgage Strategy.

  • Treasury ‘committed’ to fresh options for mortgages prisoners

    The Treasury says it remains “committed to seeking additional options” for the country’s 250,000 mortgages prisoners as the UK regulator publishes the terms of reference for its latest review into this area. The Financial Conduct Authority said earlier this week it would look at what it had already done to allow greater switching among mortgage The post Treasury ‘committed’ to fresh options for mortgages prisoners appeared first on Mortgage Strategy.

  • CHL Mortgages cuts rates on BTL 75% LTV range

    CHL Mortgages has cut rates across its 75% loan-to-value range by up to 15 basis points. The intermediary-only buy-to-let lender says its five-year fixed-rate products now start at 3.10% at 75% LTV on individual and limited company loans, with houses in multiple occupation and multi-unit freehold blocks two-year rates starting at 3.39% and five-year from The post CHL Mortgages cuts rates on BTL 75% LTV range appeared first on Mortgage Strategy.

  • Precise issues new BTL larger loan products and ups LTVs

    Precise Mortgages has brought out two new buy-to-let larger loan products and increased LTV limits. The two new products are both available at up to 75% LTV on a five-year fix at 3.34%, with loans between £200,000 and £500,000 charging a £1,995 product fee and loans between £500,000 and £1m commanding a 0.5% product fee. The post Precise issues new BTL larger loan products and ups LTVs appeared first on Mortgage Strategy.

  • Pepper Money completes £425m securitisation

    Specialist lender Pepper Money has completed its largest securitisation to date, at £425m. This is the third securitisation issued by Pepper Money under the Polaris banner, The deal comprised entirely of first charge mortgages and is separate to the three Castell securitisations, which have been completed on Optimum Credit second charge mortgages. Pepper Money chief The post Pepper Money completes £425m securitisation appeared first on Mortgage Strategy.

  • House sales double in pandemic year: Equity Release Supermarket

    Housing transactions almost doubled over the last year, sparked by the stamp duty holiday and extra cash burning a hole in lockdown consumer pockets, according to the Equity Release Supermarket. The volume of house sales jumped by 196% in the UK, in the first half of this year compared to 12 months ago, while second The post House sales double in pandemic year: Equity Release Supermarket appeared first on Mortgage Strategy.

  • Brilliant Solutions adds Darlington Intermediaries to panel

    Brilliant Solutions has added Darlington Intermediaries to its lending panel. The mortgage club says the deal gives its members access to the broker-only lender’s range of standard and specialist mortgages including interest only, buy-to-let, complex income or property, and credit-impaired loans. The lender, part of Darlington Building Society, says it “has a flexible approach to The post Brilliant Solutions adds Darlington Intermediaries to panel appeared first on Mortgage Strategy.

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