Bank of England set for extended period of rate holds

By: ameer@trustedteam.com

Analysts expect the Bank of England to keep interest rates at 5.25% next week, as the pause in rate rises shifts into a longer interlude of rates kept on...

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Hodge cuts rates on RIO mortgages

By: ameer@trustedteam.com

Specialist lender Hodge has cut the rates on its retirement interest-only (RIO) mortgage range by up to 40bps.  Its two year fixed rate mortgages, at 75% LTV have both been...

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Leeds Building Society cuts landlord rates by up to 15bps  

By: ameer@trustedteam.com

Leeds Building Society has cut rates across its buy-to-let mortgage range, including portfolio loans, by up to 15 basis points.   Highlights among the mutual’s reductions include:    BTL two-year fixed-rate...

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Mortgage Business Accelerator – Richard Dana, co-founder and chief executive, Tembo

By: ameer@trustedteam.com

The first wave of digital mortgage advisers started in around 2015. By the time we launched Tembo at the end of 2020 it was clear that those in the first...

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Adjustable-rate mortgage demand hits highest level in a year as interest rates continue to climb

By: ameer@trustedteam.com

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 7.90% from 7.70% last week. The average contract interest rate for 5/1...

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Lloyds sees profits rise despite ‘mortgage headwinds’  

By: ameer@trustedteam.com

Lloyds Banking Group posted £1.9bn in pre-tax profit in the third quarter, up from £576m for the same period a year ago, despite “mortgage and deposit pricing headwinds”.    The...

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Sticky inflation not impacting rates as downward trend continues

By: ameer@trustedteam.com

Last week’s inflation numbers have not had any material impact on rates, and they continue to slowly creep downwards. As Rightmove’s mortgage expert Matt Smith goes on to explain: “It...

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Molo Finance launches loans for non-resident landlords for UK lets  

By: ameer@trustedteam.com

Molo Finance has launched non-resident buy-to-let loans to allow foreign borrowers to fund properties in England and Wales.   The digital mortgage lender offers five-year tracker rates from 6.99%, as...

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TSB raises rates on 2-, 3-year purchase and remo loans by 20bps  

By: ameer@trustedteam.com

TSB will lift the price of its two- and three-year fixed-rate loans for purchase and remortgage, at up to 75% loan to value, by 20 basis points tomorrow (26...

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Stubborn inflation not pushing mortgage rates up: Rightmove

By: ameer@trustedteam.com

Last week’s inflation numbers have not had any material impact on rates, and they continue to slowly creep downwards. ...

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