MPowered opens up prime products to networks and clubs  

By: ameer@trustedteam.com

MPowered Mortgages has made its prime product range available to all brokers, networks and clubs nationwide.   The broker-only fintech lender says it will allow all regulated advisers in the...

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Fleet reintroduces two-year fixes and adds five-year fixes

By: ameer@trustedteam.com

Fleet Mortgages has relaunched its range of two-year fixed-rate products for landlord borrowers and has launched a new range of five-year fixes. From today (22 February), the lender will offer...

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Suffolk Building Society eases UK and expat landlord criteria   

By: ameer@trustedteam.com

The mutual says for expats and non-UK nationals, it will now accept applications from first-time buyer expat landlords who are working and living abroad and who have not owned...

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Housing Market Tracker: Mortgage rates spike as inventory falls

By: ameer@trustedteam.com

Another week down in 2023 and we’re seeing crazier action in the housing market as purchase application data fell, mortgage rates rose again, and weekly inventory took another dive...

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Transaction figures drop in January: HMRC

By: ameer@trustedteam.com

Residential property transactions came to 77,390 in January on a non-seasonally adjusted basis, says HMRC. This means transactions were 7% lower on an annual basis and, compared to December 2022,...

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LiveMore launches its first two-year fixed mortgage

By: ameer@trustedteam.com

LiveMore has expanded its product range to include a two-year fixed-rate mortgage. The new fixed rate is available on the lender’s retirement interest-only mortgage and its fixed-term mortgage, which includes...

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Stamp duty slumps to 12-month low in January: HMRC  

By: ameer@trustedteam.com

Stamp duty receipts for the ten months to January lifted 11.3% to £16.8bn, on a year ago — but last month the levy fell below £1bn for the first...

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BTL loan sizes ‘bounce back’ after mini-Budget: MBT 

By: ameer@trustedteam.com

Loan sizes offered to landlords have “bounced back” after the market contraction following the mini-Budget last autumn, according to Mortgage Broker Tools.  The search criteria platform says buy-to-let affordability fell...

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CIVIC Financial Services to lay off 200 employees, halts originations

By: ameer@trustedteam.com

In addition, the company announced that CIVIC will not be originating any new loans for a 30 day period to reduce loan growth. CIVIC, however, will continue operations and...

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Stamp duty falls below £1bn in January for first time in 12 months: HMRC  

By: ameer@trustedteam.com

Homebuyers paid £827m in stamp duty in January, according to Coventry Building Society’s analysis of the custom’s body figures, which is the first month since January 2022 where these...

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