Lenders frustrate brokers with long wait times

By: ameer@trustedteam.com

According to research by broker forum Cherry, the average time a broker has to wait on hold to speak to a lender is just under 33 minutes, with the...

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Hanley BS adds resi and BTL loans 

By: ameer@trustedteam.com

Hanley Economic Building Society has added to its range of residential and buy-to-let loans by launching two five-year fixed-rate products.  The mutual introduces a residential five-year fee-free fixed-rate offer, available...

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Average house price falls by £905 – Rightmove

By: ameer@trustedteam.com

The average price of property coming to market fell by £905 (0.2%) this month, the latest housing price index from Rightmove reveals. However, average asking prices are still 2.6% higher...

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Majority landlords not planning on any selling properties: Landbay  

By: ameer@trustedteam.com

Almost two-thirds of landlords are not planning to sell any of their properties over the coming year, despite rising interest rates, data from Landbay shows.   The BTL specialist says...

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Just 4% of London rental properties currently to let

By: ameer@trustedteam.com

Only 4% of London rental homes are available on the market for new tenants. This is according to the latest research by London lettings and estate agent, Benham and...

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Coventry for Intermediaries pulls resi and BTL deals for repricing  

By: ameer@trustedteam.com

Coventry for Intermediaries will pull selected residential and landlord fixed-rate products for new customers tomorrow, coming back to market with higher rates on Wednesday.   The mutual’s broker arm says...

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FHA Loan Options Post-Bankruptcy

By: ameer@trustedteam.com

July 11, 2023 There is a common reader question that goes something like this: “I had a bankruptcy discharged recently. How long do I have to wait to purchase another home?...

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June home sales softened but remain resilient as Bank of Canada rate hikes resume

By: ameer@trustedteam.com

The Bank of Canada’s June rate hike served as a splash of cool water to recent housing market strength as home sales moderated in June and priced edged down...

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Retirement outlook is ‘alarming’ for Generation X: Report

By: ameer@trustedteam.com

Generation X was the first generation to enter the labor market after a shift from pension plans to defined benefit plans. And now this generation, which includes those born...

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Manufactured housing lender Zippy secures additional funding

By: ameer@trustedteam.com

Zippy, a “community-focused” chattel lender, just raised additional investment from Brand Foundry and repeat investors, addressing growing demand for manufactured home loans.  Since its foundation, the company has been on...

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