Foundation cuts rates by up to 180bps and adds discount products

By: ameer@trustedteam.com

Foundation Home Loans has lowered rates across its owner-occupier and buy-to-let (BTL) product ranges. In the owner-occupier range, Foundation has made rate reductions of up to 150 basis points (bps)...

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Ginnie Mae reduces minimum size required for HMBS pools

By: ameer@trustedteam.com

Ginnie Mae announced on Thursday that it has reduced the required minimum size from $1,000,000 to $250,000 for all Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) pool types, according...

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TMA Club adds two exclusive fixes from Principality BS

By: ameer@trustedteam.com

TMA Club has launched two new two-year fixed-rate mortgage products with Principality Building Society. The club’s directly authorised (DA) brokers can now access two of Principality Building Society’s exclusive fixed-rate...

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Suffolk Building Society lifts mortgage book by 7% 

By: ameer@trustedteam.com

The mutual says its housing loan book lifted 7% to £655m “due to high demand earlier in the year, particularly for remortgages, as interest rates rose, and homeowners and...

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Purplebricks considers sale after it announces profit warning

By: ameer@trustedteam.com

Purplebricks could be sold after the group warned that costs from a “turnaround plan” had proved higher than expected. In a statement released today, the UK online estate agent said...

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NatWest cuts resi and BTL rates

By: ameer@trustedteam.com

NatWest has made a number of cuts to its buy-to-let (BTL) and residential mortgages for both new customers and existing customers. Highlights of these changes are as follows: For new business,...

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Second charge agreements fell 3% in December: FLA

By: ameer@trustedteam.com

The number of new second charge agreements fell by 3% in December, compared to the same month the previous year, the latest figures from the Finance and Leasing Association...

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Second charge business down in December but up for 2022, says FLA

By: ameer@trustedteam.com

There were 2,106 new agreements in December 2022 and despite the fall from the same month in 2021, the number of new agreements rose both on a quarterly basis...

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Fixed rate price drops slow down, Moneyfacts data reveals

By: ameer@trustedteam.com

The average rate for a two-year fix fell 3 basis points, to 5.33%, and the average rate for a three-year fix slipped by a single basis point, to 5.22%. Meanwhile,...

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Are shaky nonbanks putting Ginnie Mae at risk?

By: ameer@trustedteam.com

Some experts warn that nonbank home lenders could falter as interest rates rise and the housing market slows. That could have a significant impact on Ginnie Mae, which is...

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