- MBA: Looking to a hybrid future
The impact of the pandemic means hybrid teams — working both from the office and at home — will be the norm, says Conor Murphy. This will bring great opportunity in terms of flexibility and the acquisition of new talent The post MBA: Looking to a hybrid future appeared first on Mortgage Strategy.
- End of SDLT holiday could trigger collapse of 100,000-plus property sales
A tapered end to the stamp duty holiday could boost the economy by £28bn according to calculations made by Trussle and Legal & General Mortgage Club. The SDLT holiday is currently due to end on 31 March, and it’s estiamted as many as 105,000 property transactions could collapse if buyers are unable to complete before The post End of SDLT holiday could trigger collapse of 100,000-plus property sales appeared first on Mortgage Strategy.
- Weekly rate watch: Two-, five- and 10-year fixes drop
The average rate for a two-, five-, and 10-year fix dropped this week, according to Moneyfacts, while the three-year fix stayed still. The average two-year rate decreased from 2.58 per cent to 2.57 per cent, the average five-year fix from 2.76 per cent to 2.75 per cent, and for a 10-year fix, from 2.85 per The post Weekly rate watch: Two-, five- and 10-year fixes drop appeared first on Mortgage Strategy.
- Pent-up overseas demand could see reversal in fortunes of ‘super-prime’ market
Viewing for UK ‘super-prime’ properties, valued at £10m plus, are falling at the steepest rate for a decade, due to international travel restrictions. However, estate agent Knight Frank says the number of prospective new buyers registering within this price bracket has increased by 109 per cent in the year to January, when compared to the The post Pent-up overseas demand could see reversal in fortunes of ‘super-prime’ market appeared first on Mortgage Strategy.
- Nationwide pinpoints local areas with most affordable housing for FTBs
There has been a significant widening of the gap between the areas of the UK with the least and most affordable housing according to the latest report from Nationwide Building Society. Its recent affordability report shows there is considerable variation within each region of the UK. This report aims to show both the least and The post Nationwide pinpoints local areas with most affordable housing for FTBs appeared first on Mortgage Strategy.
- MBT launches new criteria search tool
Mortgage Broker Tools has launched a criteria search tool, which can research exact criteria wording from almost 100 different lenders. MBT Criteria Search provides brokers with a free text search bar, and will source information directly from lenders’ own criteria guides and PDFs. The exact wording is highlighted for brokers to review within the platform. The post MBT launches new criteria search tool appeared first on Mortgage Strategy.
- The Money Group hires Dave Corbett
The Money Group has announced Dave Corbett as its new recruitment and brand development director. Corbett hails from Primis, where he worked as a regional sales director for three years. He previous worked at Tenet Group as a regional business manager for just under a decade. Before his stint at Tenet, Corbett worked as a The post The Money Group hires Dave Corbett appeared first on Mortgage Strategy.
- Imla calls on chancellor for housing package in Budget
The Intermediary Mortgage Lenders Association reiterated its call on the chancellor to ensure a smooth wind down to the end of the stamp duty holiday. The move comes after reports that Rishi Sunak is considering pushing back the end of the suspension of the tax from 31 March to the end of June, according to The post Imla calls on chancellor for housing package in Budget appeared first on Mortgage Strategy.
- Principality launches first-time buyer online savings account
Principality Building Society has launched an online savings account designed to help first-time buyers onto the property ladder. Its First Home Steps Online account offers a tiered interest rate, between 0.80 per cent and 1.50 per cent, with up to three withdrawals per year without loss of interest. The UK’s sixth-largest mutual has also launched The post Principality launches first-time buyer online savings account appeared first on Mortgage Strategy.
- Accord cuts higher-LTV resi rates
Accord Mortgages has made cuts of up to 10 basis points within its higher-LTV set of mortgage products. For purchases, the 90 per cent LTV five-year fix has had 4 basis points removed, bringing its rate down to 3.57 per cent. This product charges a £495 fee and comes £750 cashback and free valuation. Meanwhile, The post Accord cuts higher-LTV resi rates appeared first on Mortgage Strategy.
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