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Here is today's latest news from the world of mortgages and introducers. Join the debate by leaving a comment below a story. Remember, you will need to be logged-in to do this.

Breaking News

April Mortgages launches Dutch-style house purchase product range

April Mortgages has launched its new unique house purchase mortgage range. Now all registered firms will be able to offer the entire unique suite of Dutch style...

Emerging Market Identified - many more first time buyers aged 50-plus

There was a 13% increase in Q1 2024 of 56-65 year-olds searching for their first property compared to the same period last year. This figure suggests a...

Painfully slow house buying process may hit transaction volumes - Rightmove

Rightmove is predicting some 1.1m residential transactions this year - but it says the glacial pace of house buying in the UK may deter some vendors...

Mortgage adviser deal will help streamline property transactions - claim

Optimus has renewed its long-term partnership with fee-free mortgage adviser London & Country (L&C). Optimus claims that the new contract “will further build on efficiency, extending services...

Debt Consolidation Range from lender targets older borrowers

LiveMore, the mortgage lender for people aged 50 to 90 plus, has launched a new up to 100% standalone debt consolidation range.   The new product fulfils an...

At last! Mortgages market confidence finally recover from Liz Truss disaster

The latest report from the Intermediary Mortgage Lenders Association (IMLA) reveals that intermediary confidence in the industry increased in Q1 2024. Some 24% of advisers describe themselves...

Good news as High Street borrowers cut rates once again

There was good news over the weekend as rates reductions announced late last week kicked in. Barclays has cut a number of five-year fixes including its £999...

Mortgage product choices boom with some at 16-year high

Independent mortgage monitor service Moneyfacts says rises to average two- and five-year fixed mortgage rates have gained pace month-on-month. The overall five-year fixed rate is now 0.43%...

Mortgage Costs make buying in much of London hugely dearer than renting

Londoners looking to buy a home can expect to spend 42% more on monthly mortgage payments than tenants pay on rent, it’s been claimed. In addition the...

New mortgages aimed at Healthcare and skilled Foreign Visa Holders

Hinckley & Rugby Building Society has launched a range of mortgages to help skilled foreign workers in the UK own their own home. The mutual’s latest innovative...

House Sales stagnate as mortgage rates dampen buyer enthusiasm

The latest RICS UK Residential Survey results shows the recent recovery in buyer demand has mellowed slightly, with the market impacted by rising mortgage rates once...

Landlords Make Radical Mortgage Changes to Ease Rising Costs

Many buy to let landlords have made financial changes during the cost of living crisis to mitigate the rising costs of operating private rental units, including...

Landbay cuts stress testing requirements on like-for-like remortgages

Buy to let lender Landbay has enhanced its like-for-like remortgage range with new lower stress testing, alongside new rate reductions. For landlords with no changes to current...

Chain Free Homes Attract A Premium - here’s how much

Chain-free homes command asking price premiums of 3.9% over homes on sale with buyer-chains - and in one location at least, the premium is over 7%. Upfront...

PropTech Big Hitter to head mortgage broker platform training

Property Circle, which calls itself “the growth platform for mortgage brokers, estate agents and letting agents” has appointed a PropTech high-flyer to head up client service...

Mortgage Lending set to double next year - new figures

UK mortgage lending is forecast to grow just 1.5% (net) in 2024, according to the latest EY ITEM Club Outlook for Financial Services. It says stretched affordability...

FinTech link allows lender to offer ultra-fast insurance quotes

Nottingham Building Society has partnered with insurance technology firm, Uinsure to provide home insurance quotes in as little as 60 seconds. Members will be able to obtain...

Interest Rate impact on Mortgages - a six month analysis

Interest rates for borrowers have shown mixed signs of both rises and falls over the past six months. Moneyfactscompare has analysed the average rates offered across...

Arrears edge upwards - latest official figures from UK Finance

UK Finance’s latest arrears and possessions data shows a modest three per cent rise in homeowner mortgages in arrears to 96,580 in Q1 2024, compared with...

Base Rate Held Again - what this really means for mortgages this summer

Bank of England base rate has been held at 5.25% - where it has been for nine months. The Bank’s monetary policy committee voted 7-2 to keep...

High Street lenders: Most hike rates, one reduces them

HSBC has made a slew of changes and increases to its residential and buy to let mortgage products. The bank is introducing a new UK BTL product...

Building Societies target first time buyers with affordability issues

Research from independent mortgage monitor Moneyfactscompare suggests that building societies are working hard to support first-time buyers, for whom affordability has been cited at its worst...

Mortgage costs push housing market into north-south divide

It might look like house prices have stabilised, staying relatively flat over the first four months of 2024, but at least one mortgage expert says there’s...

Mortgage costs trigger sales surge, more demand for small units

The average selling price of property across Edinburgh, the Lothians, Fife and the Borders during February-April was £269,963, some 1.5% higher over the year. ESPC data reveals...

Brokers can educate young borrowers on eco-improvements - claim

Almost three quarters of Millennial and Gen Z buyers - those aged 18 to 34 - think energy efficiency improvements will increase the value of their...

Mortgage Rate changes prompts housing market rethink by Savills

Savills has today upgraded its five-year UK mainstream house price forecast to reflect the stronger than expected start to the year . The agency expects house prices...

Mutual cuts rates twice in a week, against the trend

The Hinckley & Rugby building society has announced two cuts to rates across its mortgage range in short order.  After rate cuts of up to 0.7% in...

Prices of flats rising faster than any other property type

Big demand for small properties has helped to drive growth in UK property prices in the early months of this year, according to new research by...

Stark figures show mortgage repayment burden for borrowers

Higher mortgage rates are a drag on house price growth says Zoopla - and it’s produced startling figures to prove it. The average home buyer using a...

Nationwide mortgages dry up for highest flood risk applicants

A report on there Bloomberg news agency suggests that the Nationwide Building Society is using new technology to identify areas at long term risk of flooding. The...

Mortgages target borrowers with CCJs and defaults

Aldermore is reintroducing a broader range of mortgages for owner occupiers. The lender says it wants to support often “overlooked customers” with the reintroduced products designed to...

Purplebricks launches Mortgage division targeting first time buyers

Purplebricks has launched Purplebricks Mortgages Limited - taking over from the old Strike Financial Services brand.  A year ago the Strike online agency purchased the troubled Purplebricks...

All change - more rate and product changes from major lenders

Several of the UK’s biggest lenders have raised rates on their mortgage products this week already, as speculation grows that the Bank of England is unlikely...

Hinckley & Rugby lowers mortgage rates in spring refresh

The mutual has announced a refresh of its product range to ensure it continues to meet the complex needs of today’s homebuyer. Included in the refresh...

Buy To Let purchases plummet - it’s because of Stamp Duty

The proportion of buy to let properties purchased in Southern England fell to a record low last year, continuing a trend seen since the Stamp Duty...

New loan covers lifecycle of property, not just purchase

Real estate finance and investment business TAB has launched a long-term lending service extending to all stages of a property’s life cycle  TAB Series is designed for...

Popular lenders change rates and products for landlords

Keystone Property Finance has expanded its services by introducing further advances for landlords undergoing product transfers. As part of Keystone’s PT Plus range, this aligns with the...

What Salary is Needed to Buy A Flat or House?

UK residents need an average salary of close to £54,000 to purchase a property, according to new research.  The study shows that for those searching for a...

Warning of missed mortgage payments growing in number

A new survey suggests that almost half a million Britons are set to miss a mortgage payment in the next six months  AI banking platform Eligible says...

Lloyds and Barclays profits drop as mortgage competition surges

Lloyd’s pre-tax profits were just £1.6 billion between January and March, down from £2.3 billion for the same period last year. The bank attributed this to issues "mainly...

Shock as major mortgage lenders increase rates

Five major lenders - NatWest, Barclays, Accord, Leeds Building Society and HSBC - have all announced rate increases so far this week, as concern grows that...

Expanded range from Chorley and new rates from the Dudley

Chorley Building Society has extensive enhanced its mortgage range with new products for limited company buy to let investors, holiday lets, second home buyers and those...

Just Mortgages launches its latest Broker Academy

Just Mortgages, one of the UK’s largest mortgage brokerages, is hosting its second broker academy of the year. The programme caters to applicants who have some knowledge...

Mortgage lending plummets ahead of expected summer surge

Mortgage lending has fallen by -28.6% in the past year, according to a new analysis. Octane Capital analysed gross mortgage lending data* from the past two years...

Broker industry revenue set to pass £2.5 billion by 2030

Jonathan Samuels, chief executive of Octane Capital, believes that with the property market now showing early signs of a return to health, 2024 will bring yet...

Sales Up, Listings Up, Prices Up - great start to 2024 housing market

The number of new sellers coming to the market is up by 12% compared to this time a year ago, and the number of sales being...

Big Gaps between Mortgage Approval Prices and Asking Prices

Large gaps remain between Mortgage Approval Prices and Asking Prices - even though there is some evidence of vendors and agents adopting a more realistic tone...

Buy to let mortgage changes across wide range of products

There’s been a bevvy of buy to let mortgage deal changes this week. Shawbrook has made a series of reductions across its complex and limited edition BTL...

Credit Set to be More Selective as lenders’ worries rise - new stats

New Financial Conduct Authority statistics display housing market turbulence over the past two years, raising concerns about buyers and lenders in 2024. Conveyancing solicitors Bird & Co...

Lender drives energy efficiency with new tech partnership

Specialist lender Hodge has joined forces with Propflo, a PropTech startup, to help customers make their properties more energy-efficient and environmentally friendly. Propflo’s data-backed property platform ‘GreenVal’...

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