The SNP's power-sharing deal with the Scottish Green Party has collapsed, which has led housing bodies to urge the new government to scrap rent controls north of the border.   The two parties have ended their coalition, called the Bute House Agreement, leaving the Scottish National Party to… The post New Scottish Govt urged to ditch rent controls: Housing bodies appeared first on Mortgage Finance Gazette ..read more

LSL Property Services results for the year to end of December show  revenue fell 34% on 2022 figures from £217.5m to £144.4m. Underlying operating profit was also down (74%) from £35.8m in 2022 to £9.3m for 2023. However, the company was keen to point to… The post LSL sees revenue slide for year but points to more streamlined business appeared first on Mortgage Finance Gazette ..read more

LendInvest Mortgages has cut rates across its residential mortgages by up to 25bps.  The largest rate cuts are on its tracker products, which have been reduced by up to 25bps, with its fixed-rate products being reduced by up to 15bps.  The bank has also introduced… The post LendInvest trims cost of tracker and fixed-rate deals appeared first on Mortgage Finance Gazette ..read more

Santander for intermediaries says its mortgage application tracking system on its introducer internet site will go down over the weekend.  The lender’s system will be out of use for brokers between 7pm on 26 April and 8am on 29 April.  It says: “This means you won’t… The post Santander home loan tracking hub to go down over weekend  appeared first on Mortgage Finance Gazette ..read more

LendInvest Mortgages has cut rates across its residential loans by up to 25bps.   The largest rate cuts are on its tracker products, which have been reduced by up to 25bps, with its fixed-rate products reduced by up to 15bps.   The bank has also introduced new… The post LendInvest reduces resi rates by up to 25bps    appeared first on Mortgage Finance Gazette ..read more

The Mortgage Works has relaxed its mortgage criteria for incorporated landlords.    The lender will now accept limited company buy-to-let purchase applications, where the company is purchasing a property that is currently owned and lived in by one of its directors.  This is similar to… The post The Mortgage Works expands landlord criteria   appeared first on Mortgage Finance Gazette ..read more

The Mortgage Works (TMW) is changing its mortgage criteria for incorporated landlords. The lender will now accept limited company buy-to-let purchase applications, where the company is purchasing a property that is currently owned and lived in by one of its directors. This is similar to… The post The Mortgage Works updates limited company BTL terms appeared first on Mortgage Finance Gazette ..read more

Hanley Economic Building Society has introduced a fee-free two-year tracker and fee-free two-year fixed rate product to boost its residential offering. In addition, the society has launched a fee-free two-year variable discount retirement interest-only (RIO) mortgage with no early repayment charges and no overpayment restrictions.… The post Hanley unveils fee-free resi and RIO products appeared first on Mortgage Finance Gazette ..read more

The slowdown in the UK mortgage market continues to hit revenues at Barclays, with the UK bank reporting a 7% drop in income for the three months to the end of March 2024. Barclays said that loans and advances to customers at amortised cost decreased… The post Mortgage slowdown contributes to profit fall at Barclays appeared first on Mortgage Finance Gazette ..read more

The Leasehold Advisory Service has strengthened its board with four new non-executive directors, as the government takes its Leasehold and Freehold Reform Bill through Parliament. The Secretary of State for Levelling Up, Housing and Communities has confirmed the appointments to the body, known as LEASE,… The post Leasehold Advisory Service bolsters board appeared first on Mortgage Finance Gazette ..read more