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Holdsworth Financial Managing Director Simon Holdsworth shares his frontline experiences in Ukraine and explains why the mortgage industry’s Ukraine Aid fundraiser will be doing crucial work in the country. I had to go on vacation with my girlfriend to cross theUnited States, but when we saw the crisis developing in Ukraine, we called it all …

Average rent has risen 11% in the UK over the past year according to the latest Zoopla report market index. This means the average rent paid by tenants is now £995 per month, up from £897 last year. for sharers. Figures from Zoopla show that rents have risen fastest in London, with a 15% increase …

Retirement aspirations and financial planning drive clients’ choices for freeing up capital, with nearly a third (32%) wanting to enjoy life more as they age and 28% focusing on planning financial, according to the latest research from Standard Life Home Finance. The research took into account the opinions of 418 people who had subscribed to …

Paradigm Mortgage Services has hired Sarah Blackwood as Senior Relationship Manager. Blackwood will cover Scotland, Northern Ireland and the North East of England and comes from Santander, where she was responsible for business development. In his new role, Blackwood will help build relationships with existing businesses and help Paradigm members grow and expand their businesses. …

Potential borrowers were very confident about getting a mortgage in April, although that sentiment is weakening slightly, according to the latest data from OnTheMarket’s Housing Sentiment Index. Data showed an average of 4% of movers in the UK were concerned in April about getting a mortgage to finance the purchase of their next property, a …

At the time of going to press, the Bank of England’s monetary policy committee had just announced that the base rate would drop to 1%. It wasn’t unexpected, but it’s nonetheless shocking to many who are already struggling financially. And that’s not the end of the increases. Economists predict that the base rate could reach …

You could argue that the pandemic has made it harder for Britons to achieve their property dreams in 2022. In fact, 28% of respondents agreed with this statement. The UK study* found that more than half of the self-employed believe their chances of buying or renovating a property (whether for themselves or for investment purposes) …

Beverley Building Society says it cut the rates on its self-built mortgages by 76 basis points as homeowners re-examine their housing needs in the wake of the pandemic. The Humberside-based mutual has cut its rate on these types of home loans to 3.49% For the period of construction, with a maximum loan-to-value ratio of 80% …

The Home Purchase Assistance Scheme (HTB) was used to finance 8,913 home purchases in the last quarter of 2021, according to government figures, a decline of 41% annually. Overall, since April 2013, HTB has been used to close the sale of 355,634 homes, with the total value of loans made reaching £22bn, the figures add. …

A broker said Mortgage strategy that the Financial Ombudsman Service (FOS) intends to charge him twice £750 for investigating complaints that were not upheld. Brian Rix of Rix Financial Services says these are the first complaints he has received in 30 years. The first concerns an interest-only mortgage sold 13 years ago. The second concerns …

Well, it’s May and before we know it, the first half of the year will be over. It’s times like these – usually late at night, like at the time of writing – that we tend to take stock and review where we are in this amazing industry. There really hasn’t been a clear year …

Average house prices rose 10.8% year on year in April to a record high £286,079according to the latest Halifax house price index. The rise is down from the 11.1% posted in March, but it is still the tenth consecutive monthly rise in prices, the longest since 2016. The report said: “The real estate market has …

Cyber ​​risks are among the worst perils businesses face, according to Allianz’s list of global business threats released this year. Attacks are increasing, they are becoming more sophisticated and the cost of insurance is increasing. Although cyberattacks come from the shadows, you hear about them everywhere. For example, Toyota had to halt production at all …

Leeds Building Society has reduced its stress rate on buy-to-let (BTL) fixed rate contracts for five years or more. The stress rate has been reduced from 5.5% to 4.5% for BTL purchases or remortgages with additional borrowing on longer term fixed rate mortgages. Martese Carton, Director of Mortgage Distribution, Leeds Building Society, says: “Reducing our …

Glenhawk launched a regulated bridging rangeand for borrowers seeking financing against their main residence which includes a loan band at the higher value of 75% and what it says iss lowest interest rate at 0.49%. The specialist lender also says the main features of this simplified product range also includes loan size ranging from £150,000 …

MQube’s MPowered Mortgages has received Financial Conduct Authority (FCA) approval 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 Capital and JamJar Investments, which raised seed funding for MQube in 2019. Last …

Net mortgage borrowing fell from £4.6bn in February to £7bn in March, according to new figures from the Bank of England (BoE). This, according to the BoE, means borrowing remains above the pre-pandemic average through February 2020 of £4.3tn. Meanwhile, the number of house purchase approvals fell slightly to 70,700 from 70,970 in February, while …

The UK government is set to provide households in England who rent properties from housing associations with the option of buying them at a reduced price, the Telegraph has reported. Prime Minister Boris Johnson has told officials to develop the proposals to help ‘generational rent’ over the past two weeks, the Telegraph has revealed. The …

Guy Harington Glenhawk aims to enter the specialized buy-to-lease (BTL) space in the last quarter of this year, the lender revealed in an interview with Mortgage strategy. In a wide-ranging discussion, chief executive Guy Harrington said the company wanted to aim for the extremely specialized end: “Complex cases – offshore ownership, trusts, multi-unit freehold blocks, …

Loughborough Building Society has updated its buy-to-let (BTL) offer to incorporate feedback from brokers and customers. The updated BTL lineup includes Vacation Rental, Family BTL, Business and Consumer BTL, and Rent-to-own. The vacation rental product is available for the purchase or re-mortgage of properties in England and Wales which are used for short-term vacation rental, …

People leave the U.S. Securities and Exchange Commission (SEC) headquarters in Washington, DC, U.S., May 12, 2021. REUTERS/Andrew Kelly Join now for FREE unlimited access to Reuters.com Register SEC sued last year over mortgage-backed securities ratings Lawsuit alleged inadequate disclosures and internal controls Deal requires SEC and judge approval (Reuters) – Morningstar Inc has tentatively …