Buyers pay £1.1bn in stamp duty amid calls for downsizers help    

By: ameer@trustedteam.com

Homebuyers paid £1.1bn in stamp duty in July, with the current tax system weighed against downsizers, says Coventry Building Society.   Property buyers have paid £6.5bn in stamp duty charges...

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Support for Just Mortgage brokers to meet Consumer Duty requirements

By: ameer@trustedteam.com

Just Wealth has strengthened its referral proposition to include support with protection cases, helping brokers at its sister firm Just Mortgages meet their Consumer Duty obligations. Mortgage brokers can now...

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Lendinvest introduces automated Dip in platform update

By: ameer@trustedteam.com

Lendinvest is launching automatic decisions in principle (Dip) in its latest platform update, speeding up the application process for its residential mortgage range. ...

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Aldermore cuts landlord and resi rates by up to 70bps 

By: ameer@trustedteam.com

Aldermore has cut rates across its landlord and residential ranges for new and existing customers by up to 70 basis points.   Highlights of reductions across its buy-to-let products include:   For individual...

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Howden Group acquires Irish mortgage broker Financial Solutions

By: ameer@trustedteam.com

The Howden Group is expanding further into the mortgage market with the acquisition of Dublin-based financial services company Finance Solutions. Finance Solutions specialises in mortgage broking, as well as providing...

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Average 5-year fixes fall 7bps in a week: Rightmove  

By: ameer@trustedteam.com

The average five-year fixed-rate mortgage fell by 7 basis points to 5.79% from a week ago, data from Rightmove shows, as markets bet that the Bank of England is...

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Keystone Property Finance hires Meredith as North West BDM   

By: ameer@trustedteam.com

Keystone Property Finance has hired Kevin Meredith as its business development manager for the North West.   The specialist lender says Meredith will be tasked with supporting brokers and their...

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Higher mortgage rates haven’t increased inventory

By: ameer@trustedteam.com

Last week, mortgage rates hit a 21st-century high, the 10-year yield closed slightly higher than my peak forecast for 2023, and housing inventory growth was still slow. Purchase application...

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PRMG, Axia heading to trial in wholesale poaching case

By: ameer@trustedteam.com

A mortgage executive helped a rival lender create its wholesale division at the height of the recent mortgage boom before departing to that competitor with dozens of his colleagues,...

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Fixed mortgage rates surge higher as bond yields break above 4%

By: ameer@trustedteam.com

Bond yields broke through a key resistance point this week, leading to a fresh round of fixed mortgage rate increases. The rise in yields came following the release of...

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