Lenders compete on price over fixed mortgage rates

By: ameer@trustedteam.com

Lenders are battling it out on price as fixed rate reductions took precedence in the mortgage market this week, according to Moneyfactscompare.co.uk. The competition has led to a fall in...

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Royal London buys Responsible Group  

By: ameer@trustedteam.com

Royal London has acquired the stake it did not already own in later life lender the Responsible Group to take full control of the business.   ...

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OMS announces integration with Air Sourcing

By: ameer@trustedteam.com

One Mortgage System (OMS), the enquiry to completion processing platform for brokers, has announced a full application programming interface (API) integration with later life lending platform, Air Sourcing. This integration...

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Lendco launches light works bridging loan 

By: ameer@trustedteam.com

Lendco has launched a bridging product aimed at real estate investors who buy and modernise properties.  The specialist lender’s standard bridge offer can include light cosmetic works such as kitchen...

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Autumn Statement: permitted development and LHA changes boost for landlords

By: ameer@trustedteam.com

The Chancellor may have largely ignored housing in yesterday’s Autumn Statement but key measures should help landlord and provide support for the housing market, according to property analysts. The announcement...

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Newcastle Intermediaries reduces interest-only products by up to 25bps 

By: ameer@trustedteam.com

Newcastle Intermediaries has cut rates on interest-only loans by up to 25 basis points.  ...

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Chancellor “misses open goal” to reform stamp duty and help downsizers

By: ameer@trustedteam.com

The Chancellor missed an opportunity in yesterday’s Autumn Statement to deliver  meaningful reforms to stamp duty that could help older homeowners and boost activity across the housing market, according...

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Virgin Money mortgage book slips 1% to £57.5bn 

By: ameer@trustedteam.com

Virgin Money says its mortgage book slipped 1.1% during in the year to £57.5bn compared to 12 months ago, “as the higher rate environment and wider cost-of-living pressures tempered...

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OBR forecasts reveal barriers to homeownership set to increase

By: ameer@trustedteam.com

The barriers to homeownership will continue to rise higher locking out thousands of people particularly first-time buyers, according to forecasts from the Office of Budget Responsibility. The OBR forecast released...

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Newcastle Intermediaries cuts interest-only home loans by up to 25bps 

By: ameer@trustedteam.com

Newcastle Intermediaries has cut rates on interest-only loans by up to 25 basis points.  Newcastle Building Society’s broker-only arm says the reduced rates include a five-year fixed-rate offer at 5.55%...

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