BTL loan sizes ‘bounce back’ after mini-Budget: MBT 

By: ameer@trustedteam.com

Loan sizes offered to landlords have “bounced back” after the market contraction following the mini-Budget last autumn, according to Mortgage Broker Tools.  The search criteria platform says buy-to-let affordability fell...

Read More

CIVIC Financial Services to lay off 200 employees, halts originations

By: ameer@trustedteam.com

In addition, the company announced that CIVIC will not be originating any new loans for a 30 day period to reduce loan growth. CIVIC, however, will continue operations and...

Read More

Stamp duty falls below £1bn in January for first time in 12 months: HMRC  

By: ameer@trustedteam.com

Homebuyers paid £827m in stamp duty in January, according to Coventry Building Society’s analysis of the custom’s body figures, which is the first month since January 2022 where these...

Read More

January sees dramatic monthly fall in transaction figures

By: ameer@trustedteam.com

This means transactions were 7% lower on an annual basis and, compared to December 2022, marks a 27% drop off. On a seasonally adjusted basis, HMRC calculates there were 96,650...

Read More

Landlord loan sizes ‘bounce back’ after mini-Budget slump: MBT 

By: ameer@trustedteam.com

The search criteria platform says buy-to-let affordability fell to its lowest level on record in November, with 19% of enquiries failing to find a lender able to provide the...

Read More

House prices flat with sellers ‘realistic’ in February: Rightmove   

By: ameer@trustedteam.com

Average house asking prices were virtually flat this month, posting the smallest-ever increase from January to February, according to data from Rightmove.    New seller home prices lifted by just...

Read More

Catalyst cuts bridging, auction loans, starting at 79bps  

By: ameer@trustedteam.com

Catalyst says it has cut loans across a range of products, with options starting at 79 basis points, adding that it will also return to lending at 75% of...

Read More

HBF says newbuild homeowners could save over £3k on annual energy bills

By: ameer@trustedteam.com

The research comes as HBF calls on mortgage lenders to introduce ‘green mortgages’ that take into account these savings when assessing applicants. Updated analysis of Government energy performance certificate (EPC)...

Read More

Nationwide BS receives Twenty7tec APPLY integration upgrade

By: ameer@trustedteam.com

The upgrade will increase the percentage of pre-populated data shared between APPLY and Nationwide’s intermediary trading portal NFI Online to at least 95%. It will also provide a purchase decision...

Read More

finova Payment and Mortgage Services adds Gen H to its lender panel

By: ameer@trustedteam.com

The lender says the partnership will help brokers access a range of specialised products, across two-year, three-year and five-year fixed-rate deals. Gen H offers products from standard mortgages to specialist...

Read More