Surge in business transacted through OMS platform

By: ameer@trustedteam.com

Loan origination platform OMS has seen a 30% increase in mortgage completions during the first quarter of this year, when compared to the same period last year. ...

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Regulatory changes placing additional burdens on conveyancers

By: ameer@trustedteam.com

Politicians have been told that conveyancers across the sector are facing ‘scope creep’ — due to increased responsibilities being paced on them. ...

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Increase in older buyers searching for first home: Legal & General

By: ameer@trustedteam.com

There has been a growth of older first-time buyers, increases in average loan sizes, and longer mortgage terms being searched for, the latest data from Legal & General Mortgage...

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More consumers are maxing out their credit cards: New York Fed

By: ameer@trustedteam.com

The percentage of credit card balances that slid into delinquency rose to nearly 9% last quarter, a rate not seen in more than a decade, according to the New...

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Mortgage applications increase for a second week

By: ameer@trustedteam.com

New home loan application volumes managed to eke out a second straight weekly uptick, as refinances improved due to a moderating rate environment, the Mortgage Bankers Association said.While activity...

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Leasehold Bill may leave Govt liable for £30bn compensation claim

By: ameer@trustedteam.com

Leasehold reforms making their way through parliament may subject the next government to a “colossal” £30bn black hole if passed, according to the Residential Freehold Association.   ...

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Legal & General: 13% rise in older buyers looking for first property

By: ameer@trustedteam.com

There has been a growth of older first-time buyers, increases in average loan sizes, and longer mortgage terms being searched for, the latest data from Legal & General Mortgage...

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Average mortgage rate almost triples since 2022: Mojo

By: ameer@trustedteam.com

The average mortgage rate when remortgaging in April this year was 5.33%, almost triple the figure in April 2022 when it stood at 1.78%, reveals Mojo Mortgages. ...

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Shawbrook loans lift 15% to £13.8bn in Q1  

By: ameer@trustedteam.com

Shawbrook Group says its loan book jumped 15% to £13.8bn in the first three months of the year, compared to a year ago, and sees “a notable improvement in...

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Rightmove tracker shows average fixed rates up year on year

By: ameer@trustedteam.com

Rightmove’s weekly mortgage tracker shows the average five-year fixed mortgage rate is now 5.02%, up from 4.59% a year ago. ...

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