Opposition parties say Govt mortgage summit must deliver for homeowners

By: ameer@trustedteam.com

Opposition parties have called on the Chancellor’s summit with lenders over the mortgage crisis to come up with concrete plans to help borrowers who will struggle to pay their...

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Aldermore pulls resi and BTL ranges  

By: ameer@trustedteam.com

Aldermore will pull all of its residential and buy-to-let mortgage fixed-rate products on Monday 26 June “due to wider market conditions”.   The move comes after the Bank of England...

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London landlords may need to raise rents £600 pm

By: ameer@trustedteam.com

Landlords would need to raise rents by £614 a month in London and the South East to remortgage at current rates without making a loss. ...

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Remortgage searches jump 40% as BoE lifts rate: Twenty7tec  

By: ameer@trustedteam.com

Broker remortgage searches yesterday jumped by 38.8% to 40,902 enquires, compared to an average Thursday, says Twenty7tec.  ...

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Fixed-rate deals respond to BoE 0.5% interest rise

By: ameer@trustedteam.com

Average fixed mortgage rates continued to rise this week as the BoE raised interest rates to 5%. ...

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Clydesdale lifts resi and BTL rates by up to 40bps, launches products 

By: ameer@trustedteam.com

Clydesdale Bank has lifted the rates on all of its existing residential and buy-to-let fixed rate deals by 40 basis points, and will launch new products.  The lender debuts two exclusive...

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MHBS pulls fixes with 48 hours notice 

By: ameer@trustedteam.com

Market Harborough Building Society says its current fixed-rate home loans will be withdrawn and replaced at 5pm on Friday 23 June.  The society says it has notified brokers by email, giving...

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Glenigan points to housing recovery in 2024

By: ameer@trustedteam.com

The construction sector will continue to contract during 2023, although growth is modest growth is forecast for the sector in 2024 and 2025, according to the latest industry report. ...

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Gap between landlord two and five-year loans narrows: Landbay  

By: ameer@trustedteam.com

The gap between two and five-year landlord fixed-rate remortgage options is closing, data from Landbay shows.   Four out of 10 landlords say they plan to take a five-year fixed...

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Housing construction falls sharply but 2024 recovery expected

By: ameer@trustedteam.com

The construction sector will continue to contract during 2023, although growth is modest growth is forecast for the sector in 2024 and 2025, according to the latest industry report. This...

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