13,000 CIBC mortgage clients have come out of negative amortization

December 19, 2023by

Over the past three months, roughly 13,000 CIBC clients have taken action to bring their mortgages out of negative...

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Success in 2024 depends on using 2023’s lessons

December 19, 2023by

The mortgage industry took it on the chin in 2023, with many of those same factors hurting it now...

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Banks’ office loans: 44% said to be underwater amid soaring vacancies

December 19, 2023by

A pedestrian exits a building in San Francisco's financial district in July 2022. An estimated 44.6% of U.S. banks'...

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Hanley Economic BS launches self-build loans from 5.75%   

December 19, 2023by

Hanley Economic Building Society has launched a suite of self-build home loans that start at 5.75%.   The first is...

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Hanley Economic BS adds self-build products from 5.75%   

December 19, 2023by

Hanley Economic Building Society has launched a suite of self-build home loans that start at 5.75%.   ...

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UK landlords feel impact of rising rates: Octane

December 19, 2023by

Monthly interest costs have soared by 283% since 2021 for landlords using interest-only mortgages, while those making a full...

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Virgin Money, TSB and Skipton BS sign up to tall building loans

December 19, 2023by

Virgin Money, TSB and Skipton Building Society have become the latest firms to add their names to the government’s...

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Virgin Money, TSB and Skipton BS commit to tower block lending  

December 19, 2023by

Virgin Money, TSB and Skipton Building Society have become the latest firms to add their names to the government’s...

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Barclays cuts resi, landlord rates by up to 43bps 

December 19, 2023by

Barclays will cut rates across its residential and landlord fixed-rate ranges by as much as 43 basis points from...

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Metro Bank scraps £3bn mortgage portfolio sale 

December 18, 2023by

Metro Bank has scrapped its £3bn mortgage portfolio sale, citing market conditions.  “The board has carefully considered a potential sale of...

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