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.
Mortgage Brain adds Cumberland Building Society to platforms
WEBJan 22, 2024 · Technology provider Mortgage Brain has added The Cumberland Building Society to its Sourcing Brain and Criteria Brain platforms. This new partnership will help The Cumberland achieve its long-term aim of evolving its distribution strategy by adding more brokers to its panel and thereby reaching greater numbers of borrowers across the UK.. Home Mover, First Time Buyer and Remortgage residential ...
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.
Buy-to-Let Watch: When BTL gets tricky – Mortgage Strategy
WEBApr 12, 2023 · Overall, placing tricky BTL mortgages requires a combination of expertise, creativity and persistence. By being proactive, building relationships and leveraging a network of professionals, advisers can help their clients secure the financing they need to achieve their investment goals. Liz Syms is chief executive of Connect for Intermediaries.
Santander for Intermediaries adds new products and reduces rates
WEBBecky Bellamy 21 November 2022. Santander for Intermediaries has reduced all new business residential and buy-to-let (BTL) fixed rates by up to 0.45%, effective from 22 November. The new business residential purchase and remortgage at 90% LTV two-year fixed has been reduced by 15 basis points to 5.99% with a fee of £999.
FCA to make advisers explain if they have not recommended …
WEBEmma Lunn 7 May 2019. The Financial Conduct Authority has published proposals for changes to its mortgage sales requirements. Under the proposals, where a mortgage adviser has recommended a mortgage which is not the cheapest deal meeting the customer’s needs, they will be required to explain why …
LSL buys Pink Home Loans – Mortgage Strategy
WEBOct 19, 2010 · LSL is acquiring the entire share capital of Advance Mortgage Funding, which trades as Pink Home Loans for a purchase price of £1.59m, which LSL is funding from existing banking facilities. Mortgage Strategy revealed last Friday that an announcement was imminent.Pink says its new partnership with LSL will create a
Blemain Finance parent rebrands as Together - Mortgage Strategy
WEBPaul Thomas 21 September 2015. The parent company of Blemain Finance and Lancashire Mortgage Corporation has today pulled all of its lending arms under one bramd – Together. Previously, Jerrold Holdings offered residential and commercial loans through various different brands, including Auction Finance, Bridging Finance and Cheshire Mortgage ...
Topaz Finance set to launch two mortgage brands
WEBJamie Rossouw 16 October 2017. Topaz Finance is set to launch two new UK mortgage companies. The firm has registered two new names and logos, Jasper Mortgages and Rosinca Mortgages, according to recent Intellectual Property Office filings. The firm’s mortgage servicer parent, Computershare, declined to …
What is a lifetime lease purchase? – Mortgage Strategy
WEBMortgage Strategy 8 October 2007. Lifetime lease purchase deals involve raising finance but not on current properties. Rather, they are taken out when consumers move home. They are called lifetime lease schemes. Although not identical to sell-and-rent-back options, they are unregulated too.