Auction properties rise in Q1: NAVA Propertymark  
Mortgage Finance Gazette
by Roger Baird
2d ago
Over half of NAVA Propertymark auction members said the number of lots coming under the hammer lifted in the first three months of the year.   The trade body says 58% of auction-goers said available lots rose across all auction types compared to the previous… The post Auction properties rise in Q1: NAVA Propertymark   appeared first on Mortgage Finance Gazette ..read more
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Rental reform undermined by lack of choice for tenants: NRLA
Mortgage Finance Gazette
by David Burrows
3d ago
A lack of choice for private renters about where they can live will undermine plans set out by many of the UK’s major political parties to reform the rental market. This is the warning from the National Residential Landlords Association (NRLA) as the Conservatives, Labour,… The post Rental reform undermined by lack of choice for tenants: NRLA appeared first on Mortgage Finance Gazette ..read more
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CSS agrees partnership with Advise Wise
Mortgage Finance Gazette
by David Burrows
3d ago
Countrywide Surveying Services (CSS) has formed a partnership with Advise Wise joining their contacts directory. Through the Advise Wise Directory, Advise Wise members can access CSS’s range of survey options which include a Home Survey Level 2 - previously known as a HomeBuyer Report -… The post CSS agrees partnership with Advise Wise appeared first on Mortgage Finance Gazette ..read more
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BoE resists temptation to cut and holds rate at 5.25%
Mortgage Finance Gazette
by David Burrows
3d ago
Interest rates have been held at 5.25% - a sixteen year high - for the seventh time in a row by the Bank of England’s Monetary Policy Committee (MPC). The MPC voted by a majority of seven to two to keep the bank rate on… The post BoE resists temptation to cut and holds rate at 5.25% appeared first on Mortgage Finance Gazette ..read more
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Half of HMO landlords use properties as sole income source, says Landbay
Mortgage Finance Gazette
by beckybellamy
3d ago
Half of houses in multiple occupation (HMO) landlords use their property or portfolio as their sole source of income, a survey by Landbay reveals. The survey found that just under 30% of landlords owned an HMO property or portfolio. Of these, 72% owned HMO properties… The post Half of HMO landlords use properties as sole income source, says Landbay appeared first on Mortgage Finance Gazette ..read more
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BoE rate reaction: August cut ‘still live’  
Mortgage Finance Gazette
by Roger Baird
3d ago
The Bank of England has voted to hold the base rate at its 16-year high of 5.25% due to concerns over service prices and wage growth.    The news was disappointing for the property industry, although some economists still say the first rate cut from… The post BoE rate reaction: August cut ‘still live’   appeared first on Mortgage Finance Gazette ..read more
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Market Harborough appoints head of strategic planning
Mortgage Finance Gazette
by beckybellamy
3d ago
Market Harborough Building Society has appointed Andy Taylor as its head of strategic planning and customer proposition. Taylor’s role has been created to support the society’s growth plans in the specialist market. In his new role, Taylor will lead the mortgage and savings product and… The post Market Harborough appoints head of strategic planning appeared first on Mortgage Finance Gazette ..read more
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Fixes edge higher over last month ahead of BoE rate decision: Moneyfacts  
Mortgage Finance Gazette
by Roger Baird
3d ago
Average fixed-rate home loan deals have ticked up over the last month, data from Moneyfacts shows, as the market waits for an expected base rate hold from the Bank of England at noon.   The average two-year fix has fallen from 6.04% to 5.93% since… The post Fixes edge higher over last month ahead of BoE rate decision: Moneyfacts   appeared first on Mortgage Finance Gazette ..read more
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How can mutuals advance without sacrificing their mutual ethos?
Mortgage Finance Gazette
by David Burrows
3d ago
When it comes to high street banking, Nationwide is famously proud to be different. It should be. Mutuals, Nationwide being the biggest example, act as a counterweight to their ‘profit-gouging’ rivals. Mutual Vision (MV) is equally proud of its mutuality — if slightly less famous,… The post How can mutuals advance without sacrificing their mutual ethos? appeared first on Mortgage Finance Gazette ..read more
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Just Mortgages promotes Lowndes to sales director
Mortgage Finance Gazette
by beckybellamy
4d ago
Just Mortgages has promoted Gareth Lowndes to sales director for client services. Lowndes’ new role will see him develop the client services booking team and engage with advisers across the company, monitoring business sales targets and driving both revenue and protection sales growth. He will… The post Just Mortgages promotes Lowndes to sales director appeared first on Mortgage Finance Gazette ..read more
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