Barclays cuts residential and buy-to-let mortgage rates
WEBJul 4, 2024 · Barclays has reduced mortgage rates across its residential and buy-to-let (BTL) deals, the second round of pricing cuts in as many weeks. For existing borrowers, its premier purchase five-year fixed mortgage at 60% loan to value (LTV) with an £899 fee has been lowered from 4.25% to 4.22%. The loan size for …
Tandem added to Sourcing Brain and Criteria Brain - Mortgage …
WEBSep 26, 2022 · Digital bank Tandem has launched its residential mortgages on Sourcing Brain and Criteria Brain platforms. This means that users of the cloud-based tools from Mortgage Brain will have access to Tandem range of products including standard and greener mortgages, as well as remortgages. Richard Angell, Tandem’s head of sales and head of national ...
Lender service levels under pressure from high demand, brokers say
WEBApr 11, 2022 · Lender service levels are under strain from extremely high levels of mortgage activity, according to brokers who are struggling with increased timescales and poor communication. Sourcing platform Twenty7Tec said five of the 10 busiest ever days for mortgage searches took place in March reflecting the recent surge in demand.
Housing market set for post-election revival – RICS - Mortgage …
WEBJul 11, 2024 · The RICS survey showed tenant demand was still picking up, as indicated by a reading of 28%. However, new landlord instructions declined from a reading of -3% in May to 11% in June. RICS said this pointed to a “renewed decline” in rental listings. Looking ahead to the next three months, 38% of respondents expect rental prices to rise.
Coventry BS to buy Co-op Bank for £780m - Mortgage Solutions
WEBMay 24, 2024 · The cash needed to acquire The Co-op Bank will be funded from Coventry Building Society’s existing cash resources at completion. ‘A transformational moment for members and customers’. The acquisition is subject to regulatory approval and is expected to complete early next year. Of the cash consideration, up to £125m will be deferred for ...
Mortgage Intelligence partners with Mortgage Brain to offer …
WEBJul 3, 2024 · Mortgage Intelligence has introduced Mortgage Brain’s Criteria Brain and Affordability Brain to its suite of free software available to the network’s members. This was announced at its annual conference in May and is part of Mortgage Intelligence’s ongoing commitment to give its advisers access to resources. The Criteria Brain platform ...
Select Tenet Group entities go into administration with 95 …
WEBJun 5, 2024 · TenetEmployee Benefit Solutions will continue to operate as normal. The administration firm said that it employed approximately 147 staff across the UK at the time of the appointment of administrators. The joint administrators say they have kept on 52 staff with the wind-down of the business and confirmed that …
TSB cuts mortgage rates by up to 0.2% - Mortgage Solutions
WEBJul 15, 2024 · For buy-to-let borrowers, TSB is cutting mortgage rates by up to 0.1% on two-year fixed purchase products up to 60% LTV. Similar reductions have been made to two-year fixes between 60 and 75% LTV with £995 and £1,995 fees. Its two-year fixed remortgage for buy-to-let borrowers with a £1,995 fee up to 75% LTV has been cut by 0.1%.
Nationwide ups LTI to 6.5 on like-for-like remortgages - Your Money
WEBMay 12, 2022 · Nationwide Building Society has increased its maximum loan to income (LTI) limit to 6.5 times income for customers remortgaging on a like-for-like basis. This has risen from 4.49 times income and is available up to 90 per cent loan to value (LTV). The product is aimed at borrowers who want a better rate …
Mortgage Solutions
WEBAs the news filtered through that the Bank of England’s Monetary Policy Committee (MPC) hadn’t followed the path of the US Fed in cutting rates, I couldn’t help feeling a slight sense of disappointment – albeit expected disappointed – that advisers didn’t have a further morale-boosting rate cut message to push out to clients, not least because these cuts do tend to cut through and ...