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Category: Residential Mortgages

interest rates

Moneyfacts UK Mortgage Trends Treasury Report has revealed the largest monthly rate reductions on 2 and 5-year fixed rates since May 2020.

Reallymoving analysed data from 21,000 completed conveyancing quote forms to form the basis of its projections.

Newcastle intermediaries

Two new discounted variable rate products have been added to the range and are available for up to 65% loan-to-value (LTV) for loans of between £1.5m and £2m.

Bluestone makes new appointment

Bluestone Mortgages has appointed Chris Holcomb as new build and national account manager to support the lender’s Help to Buy proposition.

The launch of AVMs will be piloted ahead to full market release to ensure Pepper’s standard of service levels are maintained.

TMG is currently a network of independently owned, directly authorised (DA) firms but now has the additional capacity to be able to accommodate 25 hand-picked appointed representative (AR) businesses.

remortgage instructions

Raising NI by 1.25% for employees could mean someone earning the average UK salary (£31,461) will be paying an extra £274 a year in taxes.

cut rates

Notable reductions include the 65% LTV 2-year fix cut from 1.29% to 1.19% and the 75% LTV 5-year fix cut from 1.55% to 1.45%.

launch

The specialist lender has partnered with TMP The Mortgage People for the pilot.

Agreed sales also declined at the same time – with a net balance of -18% reporting a fall.