Purplebricks considers sale after it announces profit warning

February 17, 2023by

Purplebricks could be sold after the group warned that costs from a “turnaround plan” had proved higher than expected. In...

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NatWest cuts resi and BTL rates

February 17, 2023by

NatWest has made a number of cuts to its buy-to-let (BTL) and residential mortgages for both new customers and...

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Second charge agreements fell 3% in December: FLA

February 17, 2023by

The number of new second charge agreements fell by 3% in December, compared to the same month the previous...

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

February 17, 2023by

There were 2,106 new agreements in December 2022 and despite the fall from the same month in 2021, the...

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Fixed rate price drops slow down, Moneyfacts data reveals

February 17, 2023by

The average rate for a two-year fix fell 3 basis points, to 5.33%, and the average rate for a...

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Are shaky nonbanks putting Ginnie Mae at risk?

February 16, 2023by

Some experts warn that nonbank home lenders could falter as interest rates rise and the housing market slows. That...

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Consumer Duty will sharpen equity release introducer relations: Key  

February 16, 2023by

Equity release referral relationships will be boosted by new Consumer Duty rules, which will drive customer service standards, says...

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

February 16, 2023by

The proportion of landlords experiencing tenants in rental arrears has fallen to its lowest level since the metric was...

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

February 16, 2023by

Average house prices in Scotland lifted by 7% to a fresh record of £225,520 in December compared to a...

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

February 16, 2023by

Almost seven in 10 (68%) landlords plan to raise rents if their mortgage rate goes up when they come...

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