Gove warns investors of ‘severe consequences’ if no cladding deal agreed

By: ameer@trustedteam.com

Housing Secretary Michael Gove has written to major investors in cladding companies involved in the Grenfell Tower blaze, warning them they face “severe consequences” if they do not agree...

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Pepper Money replaces cheques as part of net zero strategy

By: ameer@trustedteam.com

Pepper Money has replaced thousands of cheques with electronic payments as part of its commitment to the environment. Last year, the lender sent more than 10,000 cheques to customers on...

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Clydesdale Bank reduces BTL, resi rates by up to 13bps  

By: ameer@trustedteam.com

Clydesdale Bank has cut rates on its residential and buy-to-let mortgage range by up to 13 basis points and launched new products.   ...

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Homebuilders ride D.R. Horton jump to highest since January 2022

By: ameer@trustedteam.com

Homebuilders are on a roll, with the stocks rallying to the highest since January 2022, after industry bellwether D.R. Horton Inc. reported better-than-expected orders and results for the second-quarter. The...

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Foreclosure, eviction concerns forced more than 200K to move in 2022

By: ameer@trustedteam.com

More than 200,000 households moved in 2022 due to evictions or foreclosures, with minorities and single-parent families especially affected, new research determined. Eviction and foreclosure-related moves jumped 56% on an...

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Clydesdale Bank cuts resi, BTL rates by up to 13bps  

By: ameer@trustedteam.com

Clydesdale Bank has cut rates on its residential and buy-to-let mortgage range by up to 13 basis points and launched new products.   The lender says its reductions for new borrowers...

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NatWest cuts homebuyer, BTL rates by up to 21bps  

By: ameer@trustedteam.com

NatWest has cut rates on its new and existing customer product ranges for homebuyers and landlords among other borrowers by up to 21 basis points.   The lender says reductions...

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Comment: Equity relief?

By: ameer@trustedteam.com

The housing market looks as if it could be in for a tough time in 2023. Despite no real crash kicking off just yet — at the time of writing,...

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Government sets out leasehold insurance reforms

By: ameer@trustedteam.com

New rights and protections are being sought for leaseholders to improve transparency of the multi-occupancy leasehold buildings insurance market. At the same time, the government has reconfirmed its intention to...

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U.S. Bancorp may sell off parts of its servicing portfolio

By: ameer@trustedteam.com

U.S. Bank's corporate parent is contemplating shedding some servicing as the company weighs strategies that would help improve its capital position.Chief Financial Officer Terry Dolan mentioned the possibility when...

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