House prices in Scotland fell by the largest amount in 10 years in January, according to the latest Walker Fraser Steele Acadata house price index. The January 2023 index reveals an average house price of £222,668, which is 0.9% down on December 2022, marking the ‘first real change in direction for house price growth in […]
Tag Archives: Gazette
18
Mar
Mar
Hodge says it has loosened the criteria of its interest-only professional mortgage range, which it offers to those with complex incomes, professional traineeships — or are in self-employment, such as barristers, dentists and doctors. The lender says it will consider up to six times loan-to-income deals and up to 75% loan-to-value on interest-only products, […]
15
Mar
Mar
Reactions to chancellor Jeremy Hunt’s Spring Budget are continuing to come in from across the industry, and it’s a mixed response. While the lack of announcements for the housing industry has been met with disappointment by some, for others it’s more a case of ‘no news is good news’. Positive economic signs in the form […]
Real Estate World
MFG Rated for Service Awards 2023 – announcing the top rated lenders in the industry – Mortgage Finance Gazette
13
Mar
Mar
Welcome to the inaugural Mortgage Finance Gazette Rated for Service Awards, in association with The Openwork Partnership. Click . for full results and analysis. The Rated for Service Awards are based on a comprehensive annual survey that shines light on brokers’ assessments of lenders’ levels of service. Rated for Service recognises and commends lenders that […]
11
Mar
Mar
UK Finance chief executive officer David Postings says the symbiotic relationship between borrower and lender is challenged more now than at any time in my career. Speaking at the UK Finance Annual Mortgage Lunch Postings highlights that “well intentioned public policy” is one of those challenges. He highlights the impact that improved fire safety regulations […]
08
Mar
Mar
James Ginley, Technical Surveying Director, e.surv With demand for rental properties still very strong, declaring the buy-to-let patient to be in a critical condition would be premature to say the least. However, the market is not as viable for many as it once was and managing a rental property has become an increasingly time-consuming business. […]
Real Estate World
Mortgages for families and friends added by Market Harborough – Mortgage Finance Gazette
06
Mar
Mar
Specialist lender Market Harborough Building Society (MHBS) has added a range of multi-generation mortgages that will assist groups of family and friends to jointly buy a property. MHBS says it used its experience of providing solutions for multiple applicant cases to develop the new range, in response to a growing number of broker enquiries. Rates […]
Real Estate World
Two-year fixes static; three- and 10-year fixes rise, Moneyfacts data shows – Mortgage Finance Gazette
04
Mar
Mar
Moneyfacts has revealed that the average rate for a two-year fix remained at 5.33% this week. The average 10-year fix gained six basis points from 4.97% to 5.03%. The average three-year fix gained three basis points, moving to 5.19%, and the average five-year fix fell by two basis points to come to 4.98%. Two-year fixes […]
Real Estate World
Vida offers brokers £180 refund for low service levels, loosens criteria – Mortgage Finance Gazette
01
Mar
Mar
Vida says brokers can request a £180 refund on their application admin fee if they feel they have been handed poor service from the specialist lender. The move comes as the firm also unveils a raft of new product and criteria changes. The business introduces its Vida Service Pledge following the launch of its broker-only […]
Real Estate World
Average rate for two-year fix stays put, Moneyfacts data shows – Mortgage Finance Gazette
27
Feb
Feb
The average rate for a two-year fix stayed put this week, Moneyfacts says, at 5.33%. All other major fixes saw falls, however, with the 10-year fix dropping the most – by 7 basis points, landing at 4.97%. The three-year fix lost 6 basis points, moving to 5.16%, and the five-year fix fell 5 basis points […]