Dec 23, 2024 · The increase in lending will be underpinned by lower interest rates and a rise in demand for remortgaging as affordability pressures ease. In terms of affordability, the average new borrower currently spends around 15.5% of their income on mortgage interest.

Jan 7, 2025 · Quantum Mortgages head of sales & distribution Harsha Dahyea says: “Most specialist BTL lenders are funded via securitisation which limits the amount of lending that can be done over £1m, leaving just a small handful of banks dominating the large loan market”.

Dec 19, 2024 · He added: “The news might trigger some negative responses, particularly among property buyers holding out hope for lower mortgage rates. However, Governor Bailey has strongly indicated that the base rate could be cut by 1% across the next 12 months, which will likely result in a significant surge in buyer demand and market activity in the new year.

Jan 3, 2025 · While the latest analysis from Yorkshire Building Society supports this view, according to YBS’s group economist Max Shepherd, the Government’s Budget changes to stamp duty land rax rules could potentially trigger a surge in completions in the first quarter of the year as first-time buyers and home movers rush to try to secure their homes before the Stamp Duty change increases the cost of ...

Established in 1869 as the Building Societies Gazette, Mortgage Finance Gazette has been the market leading publication for the mortgage lending industry for 150 years.

Sep 26, 2024 · The specialist BTL lender recently relaunched its five-year EPC A-C fixed-rate mortgages across its three core product ranges, standard, limited company and HMO/multi-unit blocks (MUB), and now it is able to launch two-year deals.

Dec 12, 2024 · Rightmove expects this will continue next year, creating competition among sellers and constraining house price growth. But it says this imbalance will help ensure a higher number of sales complete and it forecasts 1.15 million transactions for the year as a whole.

Jan 10, 2025 · Some of the biggest rate cuts were from United Trust Bank, which reduced rates by up 70bps on its prime range. There was also more significant rate changes at Accord Mortgages, which reduced rates by up to 43bps, increased rates by up to 17bps and launched a new deal at 95% loan-to-value.

Jan 3, 2025 · The annual growth rate for mortgage lending rose to 1.3% in November from 1.1% in October, continuing the upward trend since April 2024. The report adds that gross lending increased to £20.7bn in November, from £20.3bn in October, “and little has changed in gross repayments at £18bn in November”.

Jan 10, 2025 · Bacon has considerable experience across the financial services industry, most recently as the chief marketing officer at Zenith, and prior to that working at Mortgage Advice Bureau.. In this new role she will be a member of L&C’s executive committee reporting in to its chief operating officer.