Second charge loans tumble by almost a quarter in April: FLA  

By: ameer@trustedteam.com

Second charge mortgage loans tumbled by almost a quarter in April, compared to a year ago, according to data from the Finance & Leasing Association, “as uncertainty about the...

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Scottish average house price increases – Walker Fraser Steele

By: ameer@trustedteam.com

The average Scottish house price is up 0.7% on the March figure and up 1.5% annually – standing at £221,267. The figures come from the latest Walker Fraser Steele Acadata...

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BofA eyes seven new markets, including New Orleans and Milwaukee

By: ameer@trustedteam.com

Bank of America currently operates in 83 of the top 100 markets, and it plans to increase that number to 90 by the end of 2025, according to Aron...

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The non-QM product gaining steam in a low-volume market

By: ameer@trustedteam.com

Some lenders in search of business during the mortgage market's holding pattern are turning attention to a niche product with millions of prospective borrowers. Community banks, credit unions and other...

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Mortgage lenders must retool their practices to draw Gen Z workers

By: ameer@trustedteam.com

The oldest cohort of those considered Gen Z, which includes people born in 1997 or later, has started entering the workforce, and a significant number of them are now...

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Mortgage market mayhem: Advice to buyers or those remortgaging

By: ameer@trustedteam.com

If you are taking out a mortgage – it probably feels like you are walking into a raging storm. Kate Saines gathers advice on how to navigate your way...

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Keystone reduces rates and adds new products

By: ameer@trustedteam.com

Keystone Property Finance has reduced all of the products in its product transfer and Switch & Fix ranges by 20 basis points. Product transfer rates now start at 6.29%, while...

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Value of mortgage advances lowest since 2020 – BoE

By: ameer@trustedteam.com

The Bank of England’s latest raft of mortgage lending statistics for the first quarter reveals that the value of gross mortgage advances was £58.8bn, the lowest since the second...

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Commercial building work to lift 2.8% in 2023: Sirius

By: ameer@trustedteam.com

Commercial building work is expected to lift 2.8% to £19.2bn this year, building on its pandemic recovery, according to data from Sirius Property Finance. The sector declined sharply during the...

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You Don’t Need a Big Bank to Get a Mortgage

By: ameer@trustedteam.com

It’s tough to get a mortgage these days. New and existing clients have been calling non-stop letting me know that they’ve been turned down by their bank. It’s upsetting...

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