U.S. Bancorp may sell off parts of its servicing portfolio

By: ameer@trustedteam.com

U.S. Bank's corporate parent is contemplating shedding some servicing as the company weighs strategies that would help improve its capital position.Chief Financial Officer Terry Dolan mentioned the possibility when...

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Green mortgages key to net zero targets: FCA

By: ameer@trustedteam.com

Green mortgages have a growing role to play in decarbonising the UK’s housing stock, according to the FCA’s director of retail banking. In a speech delivered at the London Institute...

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Housing starts tumble by 39%: Glenigan

By: ameer@trustedteam.com

Housebuilding starts slumped by 39% during the first three months of the year compared to the previous quarter and is 51% lower than a year ago, data from Glenigan...

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Law Society issues landmark green guidance for conveyancers    

By: ameer@trustedteam.com

The Law Society has set out its guidance on how to manage climate risks for conveyancers and other solicitors, which it says “will affect most clients and nearly all...

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AI tech helping to plug EPC data gap for Leeds BS

By: ameer@trustedteam.com

Leeds Building Society has adopted new AI-based technology to predict missing Energy Performance Certificate (EPC) data and accurately evaluate the emissions of its mortgage portfolio. ...

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Family Building Society cuts rates to ‘reflect market stability’

By: ameer@trustedteam.com

Family Building Society has announced a series of rate reductions across its mortgage range to reflect the ‘relative stability’ in the market. Changes have been made to owner occupier, buy-to-let...

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Law Society issues milestone climate change guidance for conveyancers    

By: ameer@trustedteam.com

The Law Society has set out its guidance on how to manage climate risks for conveyancers and other solicitors, which it says “will affect most clients and nearly all...

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LendInvest lowers rates to improve ‘access to finance’

By: ameer@trustedteam.com

LendInvest has reduced rates across its residential mortgage range, including products for key workers, the self-employed and people with complex income streams and credit histories. Residential mortgages are now offered...

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Tracker rates reduced as landlord interest increases: Zephyr

By: ameer@trustedteam.com

Zephyr Homeloans is reducing rates across its tracker mortgages by 40 basis points (bp) as landlord interest increases, it has announced. The specialist buy-to-let (BTL) lender is now offering 5.94%...

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Remortgages rise by £310 in March: LMS 

By: ameer@trustedteam.com

The number of borrowers who remortgaged slipped by 7% in March, but their monthly loans lifted by £310, data from LMS shows. The average remortgage loan amount in London and...

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