Nationwide to allow first-time buyers to borrow six times their …
Sep 23, 2024 · David Hollingworth, associate director of communications at L&C Mortgages, said: “Helping Hand has been a front runner in expanding the range of options open to first-time buyers who continue to struggle with affordability. Building an adequate deposit is hard enough, especially when the available mortgage borrowing is capped, and prices remain high.
The British Mortgage Awards 2025 | Mortgage Solutions
It is the people who raise standards, drive change, innovate, collaborate, and facilitate positive change in the mortgage market. Our Award winners are mortgage advisers, lender employees, business leaders and innovators, all who have demonstrated an improvement to their own businesses, but also the wider market.
Mortgage Solutions
MAB appoints Geddes as strategic partnership director and Barnett as lending operations manager • Weaker house price growth sees seller gains fall to pre-pandemic levels – Hamptons • Over 30 MPs support rent cap amendment in Renters’ Rights Bill • Nearly half a million more young people living with parents since 2006, IFS says •
NatWest raises mortgage rates by up to 0.35%
Nov 13, 2024 · NatWest has become the latest lender to increase its mortgage rates this week, with changes of up to 0.35%. The mortgage rate changes will come into effect on 14 November and apply to select residential, buy-to-let (BTL) and green deals for new NatWest borrowers.
First 'mortgage prisoner' court hearing to be held this week
Jul 22, 2024 · It said the average estimated claim to be worth between £20,000 and £30,000. Lenders such as Northern Rock and Bradford and Bingley were bailed out by the government in 2008 due to the financial crash, and some mortgages were sold onto non-lending entities.
Coventry BS to buy Co-op Bank for £780m - Mortgage Solutions
May 24, 2024 · Coventry Building Society said it would remain a mutual and was committed to being an independent, member-owned building society. The Co-op Bank will be integrated into the mutual “gradually over the years” and, during this period, …
Santander ups fixed mortgage rates across the board
Nov 11, 2024 · Santander is increasing the majority of its residential and buy-to-let fixed mortgage rates including product transfers by up to 0.31%. From Tuesday, selected standard residential fixed rates across purchase, remortgage and green products are increasing by up to 0.29% while large loan fixed rates are rising by up to 0.20%.
OBR raises forecasts for mortgage rate and house price growth
Oct 31, 2024 · The Office for Budget Responsibility (OBR) has increased its forecasts for house price and mortgage rate growth over the next five years. Average interest rates on existing mortgages are expected to rise from around 3.7% this year to a peak of 4.5% in 2027, where they are forecast to remain until 2030, the OBR said in its Economic and Fiscal Outlook.
Autumn Budget 2024: Stamp duty to rise to 5% on second homes, …
Oct 30, 2024 · Stamp duty is increasing from 3% to 5% on second homes from tomorrow, costing landlords an extra £7,000 on an averagely priced property. Chancellor Rachel Reeves announced the surprise tax increase in the Autumn Budget, claiming it would help first …
Duffy steps down as Virgin Money CEO as Nationwide completes …
Oct 1, 2024 · Nationwide has completed its buyout of Virgin Money, becoming the second-largest provider of mortgages and savings accounts in the UK. As part of the acquisition, David Duffy, chief executive and executive director of Virgin Money, has departed his role, and he has been succeeded by Chris Rhodes.