Category: Residential Mortgages

Platform cuts rates

There’s a 2-year fixed rate Help to Buy mortgage at 60% and 75% loan-to-value (LTV) at 1.59%.

SimplyBiz Mortgages members will have access to a range of products from Saffron, including Retirement Interest-Only mortgages.

SIPP income will now be taken into account for lending decisions whilst there will also be changes to the society’s buy-to-let and remortgage policies.

High sale lead increases were also seen in areas such as Cardiff, Cambridge, and Falkirk.

Rightmove has released its latest House Price Index.

The average age people expect to get onto the property ladder is now 39 years old according to the latest survey by HSBC UK.

In open letters, Morgan wrote that there are allegations of criminal activity at banks, where home repossessions and other documents are not being signed by the authorised person.

Tony Ward, chief executive of Home Funding and director of Fortrum and Robert Sinclair, chief executive of the Association of Mortgage Intermediaries, both agreed this is likely to happen due to how competitive the industry is.

Some 10% more surveyors saw a rise in interest from new buyers.

The division is now giving self-employed advisers the opportunity to work on allocated developments to provide mortgage advice to potential buyers.