News
Average annual rental yields rise but majority of regions see quarterly dip: Fleet " Mortgage Strategy
4+ hour, 40+ min ago (637+ words) Annual rental yields across the majority of regions within England and Wales continued to rise albeit with six out of 10 regions seeing a quarterly dip, Fleet Mortgages" latest Buy-to-Let Rental Barometer reveals. The second quarter data provides a regional snapshot…...
Atom trims prime prices, Foundation relaunches remo product and lowers rates
4+ hour, 4+ min ago (411+ words) Atom bank has reduced rates across its Prime mortgage range. Rates have been reduced by 0. 15% across the Prime mortgage range, following cuts of 0. 15% in the middle of June. Rates now start at 5. 14% for two- and three-year fixed rates at up…...
Market Harborough creates support teams for brokers
5+ hour, 3+ min ago (126+ words) Market Harborough Building Society has created dedicated support teams for broker. The building society said this would be a named, decision'making unit aligned to each broker and responsible for cases from first conversation through to offer. Market Harborough said this…...
Strong tenant demand hits availability, says Aldermore
4+ hour, 38+ min ago (349+ words) While many private renters are staying in their homes for longer, strong tenant demand continues to put pressure on availability, the latest Aldermore Buy to Let Index finds. The average tenancy length has edged up to 4. 5 years, suggesting a degree…...
High street lender rate cuts "clear sign" competition is gathering pace: MAB
4+ hour, 34+ min ago (250+ words) Back-to-back rate reductions from high street lenders this week are "a clear sign that competition in the mortgage market is gathering pace, according to Mortgage Advice Bureau strategic lender relationship director Rachel Geddes. Barclays, Nat West, Santander and TSB are…...
Together appoints Grimoldby as corporate affairs director
5+ hour, 26+ min ago (201+ words) Specialist lender Together has appointed Kate Grimoldby as corporate affairs director. She will report to chief financial officer Chris Adams. Grimoldby joins from THG PLC where she was director of investor relations and strategic projects. Before THG, Grimoldby held senior…...
CHL Mortgages launches light refurb range
1+ day, 3+ hour ago (270+ words) CHL Mortgages has launched a light refurbishment range. In the new range, two-year fixed rates start from 4. 40% for single dwelling properties and 4. 50% for HMO and MUFB properties with up to six bedrooms or units. Meanwhile, five-year fixed rates start from…...
Renters" Rights Act searches increased 600% ahead of reforms: Coventry " Mortgage Strategy
1+ day, 4+ hour ago (426+ words) There has been a sharp rise in landlord and tenant searches in the run-up to the Renters" Rights Act coming into force on 1 May, Coventry for intermediaries reveals. The analysis of Google trends by Coventry for intermediaries found that searches…...
Accord launches dedicated larger loans service
23+ hour, 19+ min ago (219+ words) Accord Mortgages has launched a dedicated larger loans service, designed to simplify and tailor the application journey for brokers with residential cases worth "1 million or more. The new service, which has been introduced following a small-scale pilot to test the…...
Halifax brand to disappear after 173 years
1+ day, 1+ hour ago (342+ words) Lloyds Banking Group is axing the Halifax brand, which has been a high street name for 173 years. The UK's biggest banking group has confirmed that existing Halifax customers will start to see their accounts rebranded to Lloyds, but it has…...