Category: Residential Mortgages
The appointment comes after she worked as a senior underwriter for the society for five years, while before that she was at Barclays and ING Direct as a mortgage specialist and underwriter.
Montlake, known as ‘Monty’, has 4,851 followers at the time of writing and has made around 29,300 Tweets since joining the social network in February 2009.
Homes in London are 11.37 times more the average earnings of Londoners.
In Q1 2017, lending figures were £5.8m which is already a 242% increase from the first quarter of 2016, with the average loan size being £160,000.
The bank’s 60% loan-to-value 2-year fix stands at 1.13% with a £995 arrangement fee for owner occupiers.
For individuals to 75% loan-to-value 2-year fixes stand at 2.99% with a maximum loan size of £200,000 and 3.49% with a max loan size of £750,000. Meanwhile its 5-year fix costs 3.99%.
Instead of London leading the way on yearly growth were Birmingham (7.7%), Manchester (6.8%), Leicester (6.8%) and Nottingham (6.8%).
The survey asked 2,000 first-time buyers planning to buy in London over the next five years the cost of homes in 12 boroughs based on description and location.
The broker is being headed up by Clive Willson, formerly at Brightstar, Magellan and Beacon Homeloans, and provides assistance for all types of residential, commercial, development and business finance, on an advised or referral basis.
The CML said the change reflects tax and prudential burdens in the housing and mortgage markets.