West One Loans launches five-year fixed rate mortgage products

By: ameer@trustedteam.com

West One Loans has launched its limited edition five-year fixed rate mortgage products for borrowers including first-time buyers and remortgage customers The specialist lender’s Prime Plus five-year fixed rate starts...

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Accord adds tracker mortgages without early repayment charges 

By: ameer@trustedteam.com

Accord will add a suite of tracker mortgages with no early repayment charges to its residential new business range, while cutting selected fixed-rate loans by as much as 23...

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Molo Finance to use landlord income and ICR in affordability assessments  

By: ameer@trustedteam.com

Molo Finance has launched landlord affordability assessments that allow single borrowers to use their income to support mortgage payments, rather than relying solely on rental income forecasts.     The digital lender says...

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Rents drop 11% as summer heat subsides

By: ameer@trustedteam.com

The lettings market saw a dip in rental prices in October, following three months of rapidly escalating prices across England. According to the latest Goodlord Rental Index, the average rent...

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Landbay and Keystone offer range of sub-5% landlord rates 

By: ameer@trustedteam.com

Landbay has cut its landlord rates by up to 20 basis points starting at 4.09%, while Keystone Property Finance offers sub-5% investor loans after reducing its standard and specialist...

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Scottish Widows pulls out of resi, remo markets to focus on later life lending  

By: ameer@trustedteam.com

Scottish Widows Bank will pull out of the house purchase and remortgage markets to focus on equity release loans later this month.   The lender, which is part of the...

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HMRC figures show transactions falling 19% year on year

By: ameer@trustedteam.com

The provisional non-seasonally adjusted estimate of the number of UK residential transactions in September 2023 is 92,600, 19% lower than September 2022 and 2% lower than August 2023. This is according...

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Advisers see rise in protection conversations post Consumer Duty

By: ameer@trustedteam.com

As many as 40% of adviser firms have experienced an upturn in protection conversations with customers since Consumer Duty was brought in, according to the Association of Mortgage Intermediaries...

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Fannie Mae reveals Q3 results

By: ameer@trustedteam.com

Of the roughly 159,000 multifamily rental housing units financed by the enterprise in Q3, a sizeable majority were affordable to households earning at or below 120% of area median...

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Ameris Bank taps industry veteran to head homebuilder division

By: ameer@trustedteam.com

Before Ameris, McWilliams spent over 15 years at Fidelity Bank as senior vice president. He also held other leadership roles early in his career, including market president at Park...

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