Suffolk BS and MHBS lift home loan rates

By: ameer@trustedteam.com

Suffolk Building Society has launched new residential and landlord home loans today (10 July) up to 34 basis points higher than late last week when it pulled selected mortgages....

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UK house price growth continues to slow: e.surv

By: ameer@trustedteam.com

On an annual basis, the average sale price of completed home transactions in England and Wales in June 2023 rose by £4,500, or 1.2%, and now stands at £371,204. ...

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BTL arrears rise 42% as landlords feel pinch

By: ameer@trustedteam.com

Landlords are feeling the pinch of successive rate hikes, the latest research by specialist property lending experts Octane Capital reveals. ...

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Two-year mortgage rates hit 15-year high: Moneyfacts  

By: ameer@trustedteam.com

The average two-year fixed-rate residential mortgage hit 6.66% this morning, pushing it above the level at the peak of the mini-Budget in October to a 15-year high.   ...

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Lender loan sizes contract by almost 20%: MBT 

By: ameer@trustedteam.com

Mortgage lenders have cut the loan size they offer to customers by almost a fifth, according to Mortgage Broker Tools, reflecting a “softening in mortgage availability over recent months”.  ...

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Cornerstone Tax cuts homebuyer stamp duty bills by £30m   

By: ameer@trustedteam.com

Advisor Cornerstone Tax says it has returned £30m of reclaimed stamp duty fees to clients over the past three years, by avoiding or rectifying overpayments.   The firm adds that...

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Blog: Unlocking the potential of the bridging market

By: ameer@trustedteam.com

In a challenging economic climate, with high inflation, soaring mortgage rates and rental prices impacting consumers, property developers and the buy-to-let (BTL) market, the bridging market has managed to...

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Sirius launches asset finance offering

By: ameer@trustedteam.com

Sirius Property Finance has launched an asset finance offering to complement its existing property debt advice service for SME and high net worth clients. Sirius Asset Finance has already completed...

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Fleet launches five-year 70% LTV fixes

By: ameer@trustedteam.com

Fleet Mortgages, the buy-to-let specialist has launched five-year fixed-rate mortgages, available across its three core product ranges – standard, limited company and HMO/multi-unit block. The five-year fixed-rates are available at...

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Home valuations top reasons for later life loan refusals: More2life   

By: ameer@trustedteam.com

The most common reason lenders decline equity release loans centres around the value of the property, data from More2life shows.   The later life lender finds that the top reason...

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