Housebuilding and planning to take centre stage in King’s Speech  
Mortgage Strategy
by Roger Baird
24m ago
Housebuilding and planning reform will be at the centre of the Labour government’s King’s Speech on Wednesday (17 July) as it bids to boost UK growth.   Prime Minister Keir Starmer’s administration is expected to unveil more than 35 bills at the state opening of parliament, ranging from establishing a publicly-owned energy company to removing the rights of hereditary peers to sit in the House of Lords.   But unblocking planning restrictions for housebuilding as well as major infrastructure projects is seen as a key measure to boost business spending and foreign investment to create j ..read more
Visit website
Twenty7tec’s Source adds Ecology to platform
Mortgage Strategy
by Leah Milner
24m ago
Twenty7tec has added Ecology Building Society to its Source platform. The mutual offers mortgages that support community housing projects, environmentally-friendly homes and finance to bring derelict buildings back into use. It also provides finance for green home improvements, off-site construction methods, shared ownership and co-housing. Ecology says it will consider lending on any project that delivers an environmental or social benefit. Ecology mortgage product manager Kim Lugtenaar says: “Joining Twenty7tec’s Source makes it easier for brokers to find out more about our mortgage products ..read more
Visit website
TSB and Accord cut rates
Mortgage Strategy
by Leah Milner
24m ago
Accord is cutting rates on a number of buy-to-let deals and TSB is trimming prices on some resi and buy-to-let products tomorrow. At Accord, BTL rates are falling by as much as 25 basis points, while at TSB some rates are dropping by up to 20 bps. Accord’s rate cuts apply to the following categories of buy-to-let deal, excluding those at 80% LTV: Two-year fixed rates and two-year trackers reducing by up to 10-15 bps Three-year fixed rates reducing by 25 bps Five-year fixed rates reducing by 20-25 bps Meanwhile, TSB is launching a three-year fixed for first-time buyers, home movers and remort ..read more
Visit website
Standard Life Home Finance initiates new EPC incentive scheme
Mortgage Strategy
by Rebekah Commane
24m ago
Standard Life Home Finance has introduced a new EPC scheme to encourage homeowners to make sustainable improvements to their homes. The incentive sees customers receive the option of a free EPC from Vibrant Energy Matters upon completion of their Horizon or Horizon Interest Reward lifetime mortgage. If their property subsequently receives an EPC A rating from energy solutions the customer will receive a £1,000 cashback gift. Customers whose property rates EPC B will receive £500. If a customer already has a valid EPC certificate from the past five years for properties aged 10 years or older, o ..read more
Visit website
RAW Capital Partners hires Stevens as head of credit  
Mortgage Strategy
by Roger Baird
24m ago
RAW Capital Partners has hired Mark Stevens as the investment and mortgages firm’s head of credit.     The Guernsey-based business says the banking veteran’s role will be “to optimise processes, develop teams by helping them to better understand and mitigate risks associated with the business, and contribute to the firm’s product development”.   Stevens joins from Northern Trust, where he left as vice president after just over three years.   In a 40-year career, Stevens has also worked in senior positions at Butterfield Bank, and Barclays Bank.   The investment fi ..read more
Visit website
Rosemount Financial Solutions partners with 7IM investment platform  
Mortgage Strategy
by Roger Baird
24m ago
Rosemount Financial Solutions has entered partnered with the 7IM investment platform.   The mortgage and protection network says its appointed representatives will have access to 7IM’s whole-of-market investment products.   This includes a range of tax wrappers available, a raft of free client engagement tools and materials, and an app-based client portal and free cashflow modelling.   Brokers will also be able to use the platform’s Retirement Income Service, which assists with the setting and ongoing management of a client’s wealth.  Rosemount Financial Solutions chief exe ..read more
Visit website
Sellers cut prices to beat summer slump: Rightmove
Mortgage Strategy
by Leah Milner
4h ago
Average asking prices dropped by 0.4% to £373,493 this month as home sellers seek to cut through the summer’s distractions and catch buyers’ attention, according to the latest index from Rightmove. The property website says the fall is bigger than normal for this time of year as the General Election, Euros and Olympics mean that many buyers may be less focussed on the housing market. It says that market activity remained steady throughout the General Election campaign. Although some buyers may be holding off for the Bank of England to cut interest rates, most are forging ahead with moving plan ..read more
Visit website
Borrowers are playing the waiting game, but the property market can’t afford to play along
Mortgage Strategy
by Katherine Willis
4h ago
Andrew Lloyd Andrew Lloyd Chief customer officer, PEXA Over 1.5 million people are expected to see their fixed-term mortgages expire before the end of the year. For them, the good news is that product rates have fallen since their peak of nearly 6%, so we are moving in the right direction especially with inflation now at 2%, signalling at least some form of economic recovery. The disappointing news is that, despite this, the Bank of England maintained the base rate at 5.25% in June, perhaps because it was waiting to see what the fallout of the general election might be on markets. As such, bor ..read more
Visit website
Experts to debate Government housing strategy at new event
Mortgage Strategy
by Leah Milner
3d ago
Housing and policy experts are set to debate how the new government should tackle housing supply in an online conference later this month. The Westminster Social Policy Forum is hosting the event on the morning of Thursday July 25, bringing together housing academics, think tanks, politicians and civil servants to discuss how best the Government can meet its pledge to deliver 1.5 million more homes over the next parliament. A number of keynote speakers have been confirmed including: Joanna Key, director general for regeneration, housing and planning at the newly-renamed Ministry for Housing ..read more
Visit website
Mortgage Strategy’s Top 10 Stories: 08 Jul to 12 Jul
Mortgage Strategy
by Kimberley Dondo
3d ago
Mortgage Strategy’s Top 10 Stories for the Week: This week’s roundup features key industry developments, including Metro Bank’s entry into the limited company buy-to-let (BTL) market with competitive rates starting at 3.99%, and the government’s proposed planning reforms aimed at boosting housebuilding activity. Stay informed on these and other impactful stories below:  Metro Bank launches into limited company BTL with rates from 3.99% Metro Bank launched its first Limited Company Buy-to-Let product as part of its ongoing efforts to establish itself as a leading specialist lender. The bank ..read more
Visit website

Follow Mortgage Strategy on FeedSpot

Continue with Google
Continue with Apple
OR