The month in reverse mortgage rates: June 2024

By: ameer@trustedteam.com

Almost all Home Equity Conversion Mortgages (HECMs) originated today utilize the adjustable-rate mortgage (ARM) option. In stark contrast to traditional mortgage lending, the reverse mortgage business is dominated by...

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Santander loosens landlord criteria, updates AML questions on deposits   

By: ameer@trustedteam.com

Santander for intermediaries will loosen criteria rules for landlords and update its anti-money laundering policy for deposits from Monday (10 June).   The high street bank’s broker-only arm says for...

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Santander relaxes BTL criteria, updates AML deposit questions  

By: ameer@trustedteam.com

Santander for intermediaries will loosen criteria rules for landlords and update its anti-money laundering policy for deposits from Monday (10 June).   ...

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Labour plans freedom to buy scheme for FTBs

By: ameer@trustedteam.com

Labour will pledge to get more young people on the housing ladder when it announces its freedom to buy scheme today.   ...

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Kensington loosens professional criteria, debuts two products  

By: ameer@trustedteam.com

Kensington Mortgages has relaxed the criteria on its professional mortgage range and introduces two 95% LTV special rates.   ...

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Lenders increasing rates outnumber those cutting: Moneyfacts

By: ameer@trustedteam.com

This week, the number of rate increases to selected fixed rates vastly overtook those lenders making cuts, in addition there were also a handful of withdrawals. As a result,...

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Rent rises slow to 30-month low

By: ameer@trustedteam.com

Average UK rents rose 6.6% to £1,226 in April from a year ago, but this was the slowest rate of growth for tenant housing costs in two-and-a-half years, data...

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More lenders upping rates than cutting: Moneyfacts

By: ameer@trustedteam.com

This week, the number of rate increases to selected fixed rates vastly overtook those lenders making cuts, in addition there were also a handful of withdrawals. As a result,...

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House prices static over month but up over year: Halifax

By: ameer@trustedteam.com

On an annual basis house prices rose for a sixth consecutive month, up by 1.5% vs 1.1% in April. The average property price now stands at £288,688. This is...

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Rental growth slows to 30-month low

By: ameer@trustedteam.com

Average UK rents rose 6.6% to £1,226 in April from a year ago, but this was the slowest rate of growth for tenant housing costs in two-and-a-half years, data...

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