Mortgage Solutions
Catering to the lifeblood of the housing market and helping people into homeownership. Keep up on top of all crucial first-time buyer updates on policy, regulation, products and criteria here. News. First-time buyers in 31% of councils will see stamp duty bills rise.
Everything you need to know about swap rates…but were afraid to …
Oct 7, 2022 · As swap rates are based on assumptions of what interest rates will be, if they are expected to rise then swap rate changes would continue. Harris explained: “Market anticipation is that the base rate will have to move faster, higher and for longer.”. “The Bank of England is expected to further increase the base rate again in November when ...
Coventry BS to buy Co-op Bank for £780m - Mortgage Solutions
May 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 ...
News - Mortgage Solutions
News. Virgin Money and Nationwide increase rates – round-up • Buy to Let by Foundation relaunches Specials range • Penrith BS re-enters the expat BTL and holiday let markets • OMS launches quick quote function with Selina Finance •.
The British Later Life Lending Awards 2025 | Mortgage Solutions
The core principle behind the British Later Life Lending Awards scheme is the transparency and robustness of the nominations process. As such, we have two processes. One for the Provider categories and one for the Non-Provider categories. Process for the provider categories. There is a three-stage process for the following categories:
Nationwide BS and brokers issue spray foam mortgage warning
Nov 25, 2022 · Brokers: ‘Significant issues’ with spray foam. Adviser reported cases where spray foam has been an issue but say the approach from lenders is mixed. Oliver Cotterell, director at Windsor Hill Mortgages, said: “We have had cases when clients both trying to purchase and refinance have had significant issues. “We have seen lenders react in ...
The Mortgage and Protection Event 2024
2 days ago · The Mortgage and Protection Event is the go-to independent conference for those mortgage and protection advisers with the ambition to grow their business: to build market, product and provider knowledge; to deepen relationships with lenders, insurers, ancillaries and other advisers; to learn how to run a business better, and ultimately to increase both customer satisfaction – and, by ...
Co-op Bank told to pay mortgage prisoners for SVR hikes
Nov 14, 2023 · The Ombudsman confirmed its decision that the Co-operative Banking group’s subsidiary Mortgage Agency Services No.5 (MAS5) “treated customers unfairly” by increasing the SVR from 2.99 per cent to 5.75 per cent over the period 2009 to 2012. Last year, the group took the FOS to court to challenge whether it had the right to investigate the ...
Barclays and Clydesdale announce round of mortgage rate …
Oct 10, 2024 · Barclays has made reductions of up to 0.5% across its mortgage rates. Across its purchase-only products for new borrowers, the two-year fix with a £899 fee at 85% loan to value (LTV) has been cut from 4.46% to 4.4%. A fee-free five-year fix at 75% LTV has gone from 4.05% to 3.96%, while a five-year fix at 85% LTV with a £899 fee has been cut ...
Mortgage rate war comes to possible ‘halt’ as swap rates creep up
Oct 9, 2024 · The recent mortgage rate war seems to have ended as swap rates rose above 4% this week. According to Chatham Financial, the two-year swap rate was 4.06% as of 7 October, while the five-year swap rate was 3.81%. These were both higher than respective rates of 3.91% and 3.56% in September. Swap rates can determine the direction of mortgage rates ...