Purchase applications tick up but remain at a very low level

By: ameer@trustedteam.com

As mortgage rates reached their 2023 peak, mortgage applications rose slightly but remained very low last week.   For the week that ended July 7, mortgage applications rose 0.9% from the...

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Home price gains ease to lowest level in 11 years

By: ameer@trustedteam.com

“After peaking in the spring of 2022, annual home price deceleration continued in May,” CoreLogic chief economist Selma Hepp said. “Despite slowing year-over-year price growth, the recent momentum in...

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PrimeLending expedites mortgage approval process for customers

By: ameer@trustedteam.com

“1Day AdvantEDGE represents a significant leap forward in the mortgage industry,” said PrimeLending chief production officer Tim Elkins. “We are proud to provide our customers with a simplified and...

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Calls for govt action as landlords face steep rise in BTL repayments

By: ameer@trustedteam.com

There are calls for urgent government action to support landlords in the private sector, after the latest Bank of England predictions suggest buy-to-let mortgage repayments will increase by an...

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Leeds BS introduces BTL range for Ltd landlords

By: ameer@trustedteam.com

Leeds Building Society is launching a new range of buy to let mortgages for landlords operating as a limited company. The new range is intended to complement Leeds Building Society’s...

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Lenders cut loan sizes by almost 20%: MBT 

By: ameer@trustedteam.com

Mortgage lenders have cut the loan size they offer to customers by almost a fifth, according to Mortgage Broker Tools, reflecting a “softening in mortgage availability over recent months”.  The...

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Market Watch: Bombarded and nearly broken

By: ameer@trustedteam.com

Battered, bruised, bewildered, bloodied and bowed by the blistering barrage of rate changes — that’s the only way to start this month’s column. As brokers we take a lot —...

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Atom cuts small business lending rates, raises proc fees  

By: ameer@trustedteam.com

Atom bank has cut rates on its recovery loan scheme and standard secured loans for small businesses, while lifting procuration fees for brokers. ...

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Suffolk BS and MHBS lift home loan rates

By: ameer@trustedteam.com

Suffolk Building Society has launched new residential and landlord home loans today (10 July) up to 34 basis points higher than late last week when it pulled selected mortgages....

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UK house price growth continues to slow: e.surv

By: ameer@trustedteam.com

On an annual basis, the average sale price of completed home transactions in England and Wales in June 2023 rose by £4,500, or 1.2%, and now stands at £371,204. ...

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