Surge in business transacted through OMS platform

May 16, 2024by

Loan origination platform OMS has seen a 30% increase in mortgage completions during the first quarter of this year,...

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Regulatory changes placing additional burdens on conveyancers

May 16, 2024by

Politicians have been told that conveyancers across the sector are facing ‘scope creep’ — due to increased responsibilities being...

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Increase in older buyers searching for first home: Legal & General

May 15, 2024by

There has been a growth of older first-time buyers, increases in average loan sizes, and longer mortgage terms being...

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More consumers are maxing out their credit cards: New York Fed

May 15, 2024by

The percentage of credit card balances that slid into delinquency rose to nearly 9% last quarter, a rate not...

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Mortgage applications increase for a second week

May 15, 2024by

New home loan application volumes managed to eke out a second straight weekly uptick, as refinances improved due to...

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Leasehold Bill may leave Govt liable for £30bn compensation claim

May 15, 2024by

Leasehold reforms making their way through parliament may subject the next government to a “colossal” £30bn black hole if passed,...

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Legal & General: 13% rise in older buyers looking for first property

May 15, 2024by

There has been a growth of older first-time buyers, increases in average loan sizes, and longer mortgage terms being...

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Average mortgage rate almost triples since 2022: Mojo

May 15, 2024by

The average mortgage rate when remortgaging in April this year was 5.33%, almost triple the figure in April 2022...

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Shawbrook loans lift 15% to £13.8bn in Q1  

May 15, 2024by

Shawbrook Group says its loan book jumped 15% to £13.8bn in the first three months of the year, compared...

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Rightmove tracker shows average fixed rates up year on year

May 15, 2024by

Rightmove’s weekly mortgage tracker shows the average five-year fixed mortgage rate is now 5.02%, up from 4.59% a year...

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