Sprout stops worker settlement over involuntary bankruptcy

By: ameer@trustedteam.com

Sprout Mortgage is halting a $3.5 million settlement for laid off workers, citing an involuntary bankruptcy filing posted recently by the shuttered lenders' creditors who are seeking payment. Attorneys for...

Read More

Hanley Economic Building Society launches resi and BTL products 

By: ameer@trustedteam.com

Hanley Economic Building Society has added to its range of residential and buy-to-let loans by launching two five-year fixed-rate products.  ...

Read More

Lenders frustrate brokers with long wait times

By: ameer@trustedteam.com

According to research by broker forum Cherry, the average time a broker has to wait on hold to speak to a lender is just under 33 minutes, with the...

Read More

Hanley BS adds resi and BTL loans 

By: ameer@trustedteam.com

Hanley Economic Building Society has added to its range of residential and buy-to-let loans by launching two five-year fixed-rate products.  The mutual introduces a residential five-year fee-free fixed-rate offer, available...

Read More

Average house price falls by £905 – Rightmove

By: ameer@trustedteam.com

The average price of property coming to market fell by £905 (0.2%) this month, the latest housing price index from Rightmove reveals. However, average asking prices are still 2.6% higher...

Read More

Majority landlords not planning on any selling properties: Landbay  

By: ameer@trustedteam.com

Almost two-thirds of landlords are not planning to sell any of their properties over the coming year, despite rising interest rates, data from Landbay shows.   The BTL specialist says...

Read More

Just 4% of London rental properties currently to let

By: ameer@trustedteam.com

Only 4% of London rental homes are available on the market for new tenants. This is according to the latest research by London lettings and estate agent, Benham and...

Read More

Coventry for Intermediaries pulls resi and BTL deals for repricing  

By: ameer@trustedteam.com

Coventry for Intermediaries will pull selected residential and landlord fixed-rate products for new customers tomorrow, coming back to market with higher rates on Wednesday.   The mutual’s broker arm says...

Read More

FHA Loan Options Post-Bankruptcy

By: ameer@trustedteam.com

July 11, 2023 There is a common reader question that goes something like this: “I had a bankruptcy discharged recently. How long do I have to wait to purchase another home?...

Read More

June home sales softened but remain resilient as Bank of Canada rate hikes resume

By: ameer@trustedteam.com

The Bank of Canada’s June rate hike served as a splash of cool water to recent housing market strength as home sales moderated in June and priced edged down...

Read More