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Dudley Building Society has lifted the discounts and loan value range on its Right to Buy products. The mutual says that the product now benefits from a higher term discount of 1.20%, compared to 1.00%, against the standard variable rate of 4.99%, and is currently fixed at 3.79%. The LTV was increased to 85%, at …

The average rate paid by life mortgage borrowers has fallen 41% or 2.39 percentage points over the past five years, saving £ 10 billion, according to Responsible Life’s analysis. Clients of the stock release paid an average of 3.4% last year, up from 5.79% in 2015, according to the broker. Calculations are based on data …

The boost people received for their financial well-being after the foreclosure measures started has diminished, according to Scottish Widows. The company’s latest household finance index fell from 44.7 in the second quarter of 2021 to 44 in the third quarter of 2021, despite the first increase in household income from employment since the first quarter …

Every time I see mention of the term “downward revaluation” I can’t help but think what an ever-present bone of contention this has been in my 35 years in the mid-market mortgage market, and yet it continues to be a misunderstood aspect of the home buying process. So it was with a wry smile that …

You might be able to go back, but I would be surprised if you remember exactly what you were doing on March 21, 2016. This date, however, was momentous for the entire mortgage market – and in particular for advisers, as it saw the introduction of the Mortgage Credit Directive (MCD) into UK financial services …

Coreco has hired Nick Morrey as Technical Sales Manager to manage his team of brokers. The firm says Morrey will be responsible for growing its team of brokers in London, at its new office in Southend and across the country. He adds that the new technical sales manager “will help provide technical assistance to brokers, …

NatWest has made a series of reductions in its new businesses and existing customer lines up to 69 basis points. In the lender’s base line for new business, the biggest rate cut for a two-year fix is ​​the 80% free LTV product, which was reduced by 25 basis points from 2.08 % to 1.83% and, …

Bluestone Mortgages has appointed Chris Holcomb as Director of New Builds and National Accounts. Holcomb joined Vida Homeloans where he was Director of Corporate Sales and previously Corporate Account Director at Bank of Ireland. In both roles, he was responsible for managing relationships with a number of corporate networks, clubs and packing partners to secure …

Together has priced its first residential mortgage securitization at £ 318million. The portfolio consists of a portfolio of owner-occupied and rental residential mortgages secured by properties in England, Wales and Scotland. The Cheadle-based specialist lender has raised or refinanced more than £ 1.9bn since the start of this year to support its loans. Together Chief …

Standard Life has launched a free service to help pension plan members plan to purchase their first home. The new service called Homebuyer Hub was developed in collaboration with Life Moments. In February, Phoenix Group announced the acquisition of the Standard Life brand, which was finalized in May. Standard Life is now part of the …

Santander for Intermediaries will launch two remortgage deals tomorrow (September 9) and make discounts of up to 20 basis points on selected residential products in its new lines of mortgages for new business and product transfer. While the Dudley Building Society claims to have “opened” its line of self-employed mortgages with one year of accounts. …