UK housing shows clear green shoots in 2024: Bloomberg

By: ameer@trustedteam.com

Around 40% of UK house hunters are set to accelerate their purchasing plans, with many fearing prices are more likely to climb than fall. This is according to Bloomberg...

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The Marsden ups lending limits; The Mansfield cuts credit repair rates

By: ameer@trustedteam.com

Marsden Building Society has increased lending limits to up to five times income for pound-for-pound remortgages on later life and retirement interest-only (Rio) mortgages. The maximum age limit for later...

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Rise in mortgage arrears a cause for concern: Quilter

By: ameer@trustedteam.com

The value of outstanding mortgage balances with arrears increased by 9.2% from the previous quarter, to £20.3bn, and was 50.3% higher than a year earlier. This is according to the...

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Mortgage product shelf-life’s tumble to 15 days: Moneyfacts

By: ameer@trustedteam.com

The average shelf-life of a mortgage product tumbled to a six-month low of 15 days, data from Moneyfacts shows, as lenders lifted rates. This falls from 28 days at the...

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Rate lock volume rose going into the spring buying season

By: ameer@trustedteam.com

The spring homebuying season kicked off with a monthly jump in purchase mortgage locks despite rising interest rates.  Rate lock volume rose 5% from January to February due to a...

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ARM borrowers may regret their loans but aren’t giving them up: study

By: ameer@trustedteam.com

A majority of adjustable-rate mortgage borrowers rue their decision to take out the loans, but even more plan to stick with them, according to new research.The rise of interest...

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Pennymac, Fairway, Crosscountry add C-suite leaders

By: ameer@trustedteam.com

Left to right: Jim Follette, Mike Hogan Pennymac elevated two executives with the promotions of Jim Follette and Mike Hogan, who will be responsible for delivering enhanced digital...

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Gen H becomes broker-only lender  

By: ameer@trustedteam.com

Gen H has moved to become a broker-only lender “as it works to forge deeper partnerships across the industry”.   The specialist lender says it will restructure its business and...

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Scottish regions top FTB affordability table

By: ameer@trustedteam.com

A new study has revealed the best and worst UK regions for first-time buyers based on house affordability and earning potential. The study, conducted by broker L&C Mortgages, analysed GOV.UK...

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Paradigm launches Consumer Duty e-book and video

By: ameer@trustedteam.com

Paradigm, the mortgage, protection and compliance services specialist has launched its latest Consumer Duty eBook and a new video providing information and guidance to all advisory firms on the...

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