News analysis: Call to support armed forces

By: ameer@trustedteam.com

Virgin Money has become the latest lender to join the Ministry of Defence (MoD) scheme to help armed forces personnel onto the property ladder. But some brokers object to...

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Weekly rate watch: Fixes edge lower  

By: ameer@trustedteam.com

The majority of average fixes edged lower this week in a quieter seven days for home loan rates than the previous week, Moneyfacts data shows.     The average rate for...

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Govt pilots green home upgrades that include mortgage rate cuts  

By: ameer@trustedteam.com

A £4.1m grant has been awarded to lenders to green finance projects that may cut mortgage rates for borrowers, the Department for Energy Security and Net Zero has announced....

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Homebuilder stocks soar to new highs on insatiable demand for housing

By: ameer@trustedteam.com

A construction worker applies trim to the roof of a new home in Foley, Alabama, US, on Wednesday, Dec. 21, 2022. New US home construction continued to decline in...

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For lower mortgage rates, finish more apartments

By: ameer@trustedteam.com

The best way to fight inflation and get lower mortgage rates is to get more apartment units finished, and so far, this has been slower than my tortoise Grundy....

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Alternative Bridging Corporation hires Khan as BDM for London and South East  

By: ameer@trustedteam.com

Alternative Bridging Corporation has hired Amir Khan as business development manager for London & South East.   ...

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Broker queries about adverse credit and affordability rise in last quarter

By: ameer@trustedteam.com

Adverse credit and affordability issues dominated queries received at TMA Club’s broker support desk, showing how the cost-of-living crisis is impacting the work of mortgage intermediaries. TMA Club said 68%...

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Borrowers warned crypto-assets could make it harder to get a mortgage

By: ameer@trustedteam.com

Lenders are likely to look even more unfavourably towards cryptocurrency assets — after MPs called for these assets to be treated as a form of ‘gambling’ rather than retail...

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Mortgage arrears rise in tough climate – UK Finance

By: ameer@trustedteam.com

There were 76,630 homeowner mortgages in arrears of 2.5% or more of the outstanding balance in the first quarter of 2023, 2% greater than in the previous quarter, according...

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Economic pressures restrict growth in construction industry

By: ameer@trustedteam.com

Revenue generated from the construction contractor sector look set to shrink next year, despite an increase in the number of businesses working in this area. Latest data shows that the...

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