OSFI says mortgage amortization extension “not without risks”

By: ameer@trustedteam.com

Temporarily extending amortization periods has been a saving grace for many variable-rate mortgage holders as a way to manage the impact of higher interest rates and borrowing costs. But...

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Boom in UK estate agent numbers in past year – GetAgent

By: ameer@trustedteam.com

There has been a 10.6% increase in estate agency numbers across the UK in the past year, according to comparison site GetAgent.co.uk. The overall figure currently stands at 24,500, up...

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First Federal Bank to acquire BNC National Bank’s mortgage business

By: ameer@trustedteam.com

First Federal Bank will acquire the mortgage division of BNC National Bank, which will give the Florida-headquartered community-based bank a nationwide consumer direct mortgage platform. The two banks announced they...

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Coventry for intermediaries cuts rates for FTB loans 

By: ameer@trustedteam.com

Coventry for intermediaries has cut its entire first-time buyer-only range at 90% to 95% loan to value.   The mutual’s broker-only arm adds that its three-year products, with a £999...

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News analysis: Tackling the affordability challenge 

By: ameer@trustedteam.com

As inflation and the base rate continue to increase, so does the issue of housing affordability, which is rapidly climbing the agenda of industry challenges. After a significant period of...

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Coventry for intermediaries reduces 90%, 95% LTV rates

By: ameer@trustedteam.com

Coventry for intermediaries has cut its entire first-time buyer-only range at 90% to 95% loan to value.   ...

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Grand National’s Aintree, a strong affordability runner: Benham  

By: ameer@trustedteam.com

Homebuyers pay 12% more on average to live close to leading UK horse racing venues – but Grand National course Aintree is a bookies favourite when it comes to...

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LMS launches ID checking software partnership with tmgroup  

By: ameer@trustedteam.com

LMS has launched a partnership with tech firm tmgroup to deliver law firm identity-checking software across the firm’s client base.     ...

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Grand National spot Aintree, a good affordability runner: Benham & Reeves

By: ameer@trustedteam.com

Homebuyers pay 12% more on average to live close to leading UK horse racing venues – but Grand National course Aintree is a bookies favourite when it comes to...

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Weekly rate watch: Prices edge higher 

By: ameer@trustedteam.com

The majority of average fixes nudged higher in a “subdued” seven days this week, Moneyfacts data shows.   ...

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