Category: Residential Mortgages

Increasing the supply of new-build properties may make owning a home in the UK less affordable, research by Nottingham Trent University claims.

Truswell to exit Virgin

However he will stay on for an indefinite period to train up his replacement, Sarah Green, who was was head of sales and marketing and Kensington.

In February first-time buyer registrations rose by 22.7% year-on-year and 7.6% from January.

They are 2-year fixes at 3.24% to 60% and 3.44% to 75% LTV, both with £999 in fees and a free standard valuation.

OneFamily has revealed plans to enter the lifetime mortgage market during the first half of 2016 and has appointed former Stonehaven chief executive Georgina Smith to head up the business.

reduced income

Mortgage brokers face a 7.1% hike in Financial Conduct Authority fees reflecting the cost of implementing the Mortgage Credit Directive.

The regulator, which published its business plan for 2016/17 this morning, accepted a recommendation from the Financial Advice Market Review to support firms with automated advice models.

MAB’s members will be able to access New Street’s buy-to-let proposition which focuses on being digitally streamlined.

taxation compliance

Leeds Building Society will now accept sale of the property as the repayment strategy on interest-only and part capital repayment mortgages up to 75% loan-to-value.

reduced income

Britain’s standard of living is increasingly reliant on foreigners, analysis by RBS’s chief economist has suggested.