YBS Commercial Mortgages hires two South East relationship directors   

By: ameer@trustedteam.com

YBS Commercial Mortgages has recruited two new relationship directors who join its South East team as the unit completes its recruitment drive.    Yorkshire Building Society’s commercial loans operation says...

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House prices to fall by 4% in last quarter of 2023

By: ameer@trustedteam.com

House prices in England and Wales look set to fall by 4% over the final quarter of 2023, according to the latest conveyancing data.  Analysis of over 221,000 agreed sale...

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YBS Commercial Mortgages appoints two South East relationship directors   

By: ameer@trustedteam.com

YBS Commercial Mortgages has recruited two new relationship directors who join its South East team as the unit completes its recruitment drive.    ...

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Bank of England set for extended period of rate holds

By: ameer@trustedteam.com

Analysts expect the Bank of England to keep interest rates at 5.25% next week, as the pause in rate rises shifts into a longer interlude of rates kept on...

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Hodge cuts rates on RIO mortgages

By: ameer@trustedteam.com

Specialist lender Hodge has cut the rates on its retirement interest-only (RIO) mortgage range by up to 40bps.  Its two year fixed rate mortgages, at 75% LTV have both been...

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Leeds Building Society cuts landlord rates by up to 15bps  

By: ameer@trustedteam.com

Leeds Building Society has cut rates across its buy-to-let mortgage range, including portfolio loans, by up to 15 basis points.   Highlights among the mutual’s reductions include:    BTL two-year fixed-rate...

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Mortgage Business Accelerator – Richard Dana, co-founder and chief executive, Tembo

By: ameer@trustedteam.com

The first wave of digital mortgage advisers started in around 2015. By the time we launched Tembo at the end of 2020 it was clear that those in the first...

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Adjustable-rate mortgage demand hits highest level in a year as interest rates continue to climb

By: ameer@trustedteam.com

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 7.90% from 7.70% last week. The average contract interest rate for 5/1...

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Lloyds sees profits rise despite ‘mortgage headwinds’  

By: ameer@trustedteam.com

Lloyds Banking Group posted £1.9bn in pre-tax profit in the third quarter, up from £576m for the same period a year ago, despite “mortgage and deposit pricing headwinds”.    The...

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Sticky inflation not impacting rates as downward trend continues

By: ameer@trustedteam.com

Last week’s inflation numbers have not had any material impact on rates, and they continue to slowly creep downwards. As Rightmove’s mortgage expert Matt Smith goes on to explain: “It...

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