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.
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 ...
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 ...
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 •.
Nationwide’s mortgage rates fall below 4% - Mortgage Solutions
Jul 23, 2024 · Nationwide will be lowering mortgage rates by up to 0.25% from 24 July, with its lowest rate starting from 3.99%. Changes have been made to select two-, three- and five-year fixed mortgage rates at Nationwide. The lender said that the change will mean it is the first high street lender to return to offering a five-year fixed rate below 4%.
Metro Bank completes sale of residential mortgage portfolio to …
Sep 30, 2024 · Metro Bank has completed its sale of prime residential mortgages to NatWest as it seeks to reposition its balance sheet and enhance risk adjusted returns on capital. The value of £2.5bn was apportioned to the loan book on 31 March. On completion of the sale, the book value was around £2.4bn resulting in a total cash consideration of around £ ...
Base rate vs swap rates: What’s next for mortgage rates?
Jul 30, 2024 · In the last month, we have seen two-year swap rates down 0.18%, three-year swap rates down 0.16% and five-year swap rates down 0.11%. “During this time, we’ve also seen typical reductions of 0.2% on certain rates from high street lenders and bigger cuts from some of the smaller lenders. We have now also seen a five-year fixed rate price sub ...
Nationwide to allow first-time buyers to borrow six times their …
September 23, 2024. Updated: September 23, 2024. Nationwide has introduced a change to its maximum loan-to-income (LTI) ratio for first-time buyers, which will enable them to borrow up to six times their income. It is the first major lender to allow borrowing at this level through its Helping Hand range, which launched in 2021.
Evolok Login - Mortgage Solutions
Evolok Login. Breaking News. Two bosses of Homes England step down • Editor’s picks for the week – 08/11/2024 • Top 10 most read mortgage broker stories this week – 08/11/2024 • Hinckley & Rugby BS streamlines mortgage application process with OpenBanking Vision •. News.
Broker-developed CRM integrates with Ignite and Sourcing Brain
Jan 3, 2024 · ClientTree first partnered with Mortgage Brain in November in response to broker requests, then subsequently with Legal and General at the end of December. This partnership gives users of the CRM access to criteria and affordability checks available through the sourcing systems. Ignite is also free to use, meaning access to the platform will be ...