Mortgage Solutions
WEBA safe, secure, and affordable home (rented or owned) is essential for people to build stable lives, yet for too many in the UK, this is out of reach. The challenges being faced by first time buyers (FTBs), and the vital role of lenders and brokers in helping to instil confidence in that market, continues to be a hot topic.
Barclays cuts residential and buy-to-let mortgage rates
WEBJul 4, 2024 · Barclays has reduced mortgage rates across its residential and buy-to-let (BTL) deals, the second round of pricing cuts in as many weeks. For existing borrowers, its premier purchase five-year fixed mortgage at 60% loan to value (LTV) with an £899 fee has been lowered from 4.25% to 4.22%. The loan size for …
Accord cuts resi mortgage rates for second time in two weeks
WEBJul 10, 2024 · Accord Mortgages has reduced its residential mortgage rates for the second time in the last two weeks, with cuts of up to 0.25%. This follows the reductions the lender made to its residential and buy-to-let (BTL) mortgage rates on 3 July, which it said was made possible because of the more stable market. This …
RPSA warns 250,000 homes could be unmortgageable due to …
WEBDec 21, 2021 · The use of spray foam insulation could make around 250,000 homes unmortgageable or ineligible for equity release and surveyors should recommend its removal, say trade bodies. According to an investigation by Residential Property Surveyors Association (RPSA) and Property Care Association …
TSB cuts mortgage rates by up to 0.2% - Mortgage Solutions
WEBJul 15, 2024 · For buy-to-let borrowers, TSB is cutting mortgage rates by up to 0.1% on two-year fixed purchase products up to 60% LTV. Similar reductions have been made to two-year fixes between 60 and 75% LTV with £995 and £1,995 fees. Its two-year fixed remortgage for buy-to-let borrowers with a £1,995 fee up to 75% LTV has been cut by 0.1%.
Nationwide ups LTV for Helping Hand mortgage to bolster FTBs
WEBFeb 10, 2022 · Nationwide said that using Helping Hand, as an example, that a first-time buyer couple with a joint income of £50,000 could borrow up to £275,000, compared to £225,000 on a conventional 95 per cent LTV mortgage. The product is not eligible for self-employed and cannot be used in conjunction with affordable home ownership schemes such as Help ...
BM Solutions launches new mortgage application system
WEBOct 23, 2020 · BM Solutions is rolling out a new online mortgage application system with features designed to improve the application process for intermediaries. Initially, the system will only be available for new mortgage business, including buy-to-let purchases, let-to-buy and remortgage applications. Product transfers, further advances and transfer of ...
Coventry BS to buy Co-op Bank for £780m - Mortgage Solutions
WEBMay 24, 2024 · The cash needed to acquire The Co-op Bank will be funded from Coventry Building Society’s existing cash resources at completion. ‘A transformational moment for members and customers’. The acquisition is subject to regulatory approval and is expected to complete early next year. Of the cash consideration, up to £125m will be deferred for ...
The lowdown on swap rates – explainer - Mortgage Solutions
WEBMay 19, 2022 · Introducing the Green Living Reward. According to Chatham Financial, the current two-year Sterling Overnight Interbank Average Rate (SONIA) swap rate is 2.15 per cent, while a five-year equivalent sits at 2.03 per cent. The 10-year swap rate is priced at 1.85 per cent. This is very high compared to 18 May …
Barclays slashes mortgage rates by up to 0.43 per cent
WEBDec 19, 2023 · High street lender Barclays will lower mortgage rates by up to 0.43 per cent across its residential, buy-to-let purchase and remortgage ranges along with its reward ranges. The lender said that it had reviewed its offering against “market funding conditions” and the changes to its mortgage rates come into effect from tomorrow.