Purplebricks considers sale after it announces profit warning

By: ameer@trustedteam.com

Purplebricks could be sold after the group warned that costs from a “turnaround plan” had proved higher than expected. In a statement released today, the UK online estate agent said...

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NatWest cuts resi and BTL rates

By: ameer@trustedteam.com

NatWest has made a number of cuts to its buy-to-let (BTL) and residential mortgages for both new customers and existing customers. Highlights of these changes are as follows: For new business,...

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Second charge agreements fell 3% in December: FLA

By: ameer@trustedteam.com

The number of new second charge agreements fell by 3% in December, compared to the same month the previous year, the latest figures from the Finance and Leasing Association...

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Second charge business down in December but up for 2022, says FLA

By: ameer@trustedteam.com

There were 2,106 new agreements in December 2022 and despite the fall from the same month in 2021, the number of new agreements rose both on a quarterly basis...

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Fixed rate price drops slow down, Moneyfacts data reveals

By: ameer@trustedteam.com

The average rate for a two-year fix fell 3 basis points, to 5.33%, and the average rate for a three-year fix slipped by a single basis point, to 5.22%. Meanwhile,...

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Are shaky nonbanks putting Ginnie Mae at risk?

By: ameer@trustedteam.com

Some experts warn that nonbank home lenders could falter as interest rates rise and the housing market slows. That could have a significant impact on Ginnie Mae, which is...

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Consumer Duty will sharpen equity release introducer relations: Key  

By: ameer@trustedteam.com

Equity release referral relationships will be boosted by new Consumer Duty rules, which will drive customer service standards, says a report from Key Partnerships.   But the survey finds that...

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Arrears and voids hit lowest level for six years: Paragon Bank

By: ameer@trustedteam.com

The proportion of landlords experiencing tenants in rental arrears has fallen to its lowest level since the metric was first tracked in 2017, Paragon Bank reveals, as has the...

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Scottish prices post record £225,520 in December: Walker Fraser Steel  

By: ameer@trustedteam.com

Average house prices in Scotland lifted by 7% to a fresh record of £225,520 in December compared to a year ago, according to the latest Walker Fraser Steele Acadata...

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Only 13% of landlords plan not to increase rent when remortgaging: Landbay

By: ameer@trustedteam.com

Almost seven in 10 (68%) landlords plan to raise rents if their mortgage rate goes up when they come to remortgage, new data from the Landbay quarterly survey reveals. The...

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