Mortgage strategy: UK latest mortgage news
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Historical interest rates in the UK, 1979-2017: rise and fall
WEBMar 29, 2018 · 2007-2017. Under the impact of the global financial crisis, the base interest rate fell to its lowest level for 300 years. Starting at 5.75 per cent in July 2007, rates had fallen to 0.5 per cent by March 2009, with a further fall to 0.25 per cent in August 2016. There was a very slight rise back to 0.5 per cent in November 2017.
HSBC For Intermediaries – News and Analysis - Mortgage Strategy
WEBHSBC to sell through First Complete and Pink. Mortgage Strategy’s latest news, analysis and opinion featuring HSBC For Intermediaries.
Santander introduces new rates across BTL products
WEBGeorgie Lee 22 March 2022. Santander is introducing new buy-to-let (BTL) purchase and remortgage rates, and relaunching selected fee-free residential remortgage rates. New residential mortgage rates across two and five-year fixes are set at 2.44% with 85% LTV, while rates will be set at 2.89% and 2.99% for 90% LTV across two and five-year fixes ...
The latest breaking UK mortgage news | Mortgage Strategy
WEBMortgage News. Mortgage Strategy offers the latest breaking UK mortgage news, covering mortgage rates, house prices, buy-to-let rates, mortgage products and other news around mortgage brokers, mortgage advisers and the mortgage industry as a whole. SPECIALIST.
Co-op Bank completes mortgage migration from Platform
WEBRoger Baird 15 February 2024. The Co-operative Bank has migrated 120,000 mortgage customers from its Platform hub to the new The Co-operative Bank for Intermediaries mortgage brand. The lender says the move is part of a wider technology upgrade, “which will see the bank retire the majority of its legacy systems and data centres” later this ...
Coventry, Santander, Virgin and Clydesdale reduce SVRs in line …
WEBAug 1, 2024 · Coventry Building Society, Santander, Virgin Money, Clydesdale and Yorkshire Bank have all lowered standard variable rate (SVR) mortgages in line with the Bank of England decision today. Earlier today interest rates were cut by 0.25% to 5% by the BoE’s Monetary Policy Committee (MPC). Coventry has announced an
MPowered Mortgages enters prime residential mortgage market
WEBMay 4, 2022 · MQube’s MPowered Mortgages has received approval from the Financial Conduct Authority (FCA) to expand into the prime residential mortgage market. The approval follows investment backing of an undisclosed sum from Barclays, M&G Investments and Citigroup’s SPRINT. The three financial services companies join AV8, IQ.
TSB lifts residential rates by up to 15bps - Mortgage Strategy
WEBFeb 16, 2024 · Residential five-year fixes up to 75% LTV, rise by up to 15bps. NatWest and Virgin Money also lifted fixes yesterday as swap rates have risen in recent weeks. A two-year Sonia swap was 4.450% on 14 February, up from 4.092% on 15 January, according to Chatham Financial. Five-year rates have risen to 3.892% from 3.530% over the same …
Halifax Intermediaries cuts rates by up to 33bps
WEBJul 31, 2024 · Halifax Intermediaries has made rate reductions across various product ranges by up to 33 basis points, effective 1 August. Remortgage products will see complete by and end dates extended as well as lowered rates. The 80% loan-to-value (LTV) five-year fixed rate has been reduced from 5.25% to 4.93% while the 80% LTV