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building society


The Buckinghamshire Building Society has launched a new five-year fixed rate remortgage contract. The product offers borrowers the opportunity to consolidate debt, raise capital for home renovations, or simply remortgage their existing home loan. The product charges a rate of 2.05% until May 31, 2027, with a product fee of £495. It is available up …

BuildLoan and Nottingham Building Society (BS) have launched three ‘cost-based’ mortgage products for people building their own homes. The products offer up to £600,000 and 80% of a client’s construction costs, with interest payments taking effect once construction has started. The first product has an initial rate of 3.8% for two years and a completion …

The Suffolk Building Society has launched new two and five year 95% LTV patches. The products, aimed primarily at the first-time buyer market, will also include independent candidates and those looking to buy a new home. The rate on the two-year contract is 3.25%, fixed until April 30, 2024. After this period, the rate reverts …

Shutterstock/Photobank.Kiev.UA Many buy-to-let (BTL) professionals are optimistic about the market outlook after a strong 2021. Mortgage strategy cited good mortgage availability, easing criteria and low rates as reasons for their optimistic outlook. This positivity is despite tougher tax conditions for homeowners and the threat of additional costs to improve the energy efficiency of homes, which, …

“I don’t know about you, but I’m 22.” Yes, a big hello to 2022 and to all of you from Taylor and I. May I be the first to wish you a very happy new year. What? Is it February already? Either way, welcome to a bright new year and I hope you all had …

Kensington and Chelsea are the least affordable areas to live in the UK, while East Ayrshire is the most affordable, according to Nationwide. The London Borough posted a first-time buyer price-to-earnings ratio (HPER) of 14.7 last year, while the Scottish local authority reported a ratio of 2.4, according to the building society affordability report. The …

Legal & General Mortgage Club has partnered with Harpenden Building Society to offer an exclusive vacation rental product. The two-year discounted mortgage has an initial rate of 2.59% with an application fee of £ 100, a completion fee of £ 800, which can be added to the loan, and a tiered appraisal fee . Up …

Skipton Building Society is the latest lender to partner with Rightmove to help manage climate risk in its mortgage portfolio. This decision will see each property in the lender’s portfolio assessed against current and future risks over the next 80 years, using data from flood and climate data specialist Ambiental Risk Analytics. The partnership will …

The Cambridge Building Society has been added to the Primis Mortgage Network lender panel. The network says its designated representative companies will have direct access to Cambridge residential and rental mortgages for properties in England and Wales. Primis Mortgage Network includes approximately 930 companies and over 2,500 advisors. Cambridge says it has worked with Personal …

BuildLoan has added two new do-it-yourself and custom-built products with Furness Building Society. to support self-builders in the heart of England North West region of Furness. The new products offer local builders and custom builders in the postcode area of ​​LA in the North West of England a rate 0.3% lower than comparative products in …

Hanley Economic Building Society launched two residential fixed rate mortgages. The first is a fixed rate mortgage of just 1.75% over two years and 80% LTV, which comes with a free standard appraisal and free legal fees. The second is a five-year 95% LTV fixed rate offer with an aggregate rate of 3.45%, which is …

Thousands of adult children are expected to receive Christmas presents, as nearly two-thirds of parents have already helped them buy a home by spending an average of £ 32,440 for deposits, according to Zoopla. The real estate website said 64% of parents helped their kids buy their first home, with 24% of parents saying their …

The government has launched its new ‘Help to Build’ equity loan program, designed to help home builders in England access low deposit mortgage finance. Full details of the program, which will be managed by Homes England, have been released by the Department for Housing, Communities and Local Government. The outlines of the device were initially …

First-time buyers looking for secured a house in one of the 20 largest cities in the UK must deposit an average deposit of £ 10.606, according to Beehive Money. Average deposits drop to £ 7,605 for an apartment or cottage, according to the savings app, owned by the Nottingham Building Society, which analyzed cadastral housing …

BuildLoan launched eight new products for freestanding and custom builders funded by the Furness Building Society. The new products replace the Company’s existing range with the first rates between 20 and 24 basis points lower than previous equivalent products. As a result, the lowest rate has now dropped from 3.79% to 3.59%. All products are …

Jennelle Tilling has joined the Yorkshire Building Society board as a non-executive director. Tilling has 25 years of experience in leadership positions, including 17 years with Yum! Restaurants International, which includes brands such as KFC, Pizza Hut and Taco Bell. She also sits on the board of directors of Guide Dogs for the Blind Association, …

Halifax is increasing its maximum loan-to-income multiple from 5x earnings to 5.5x from Thursday. The higher LTI multiple will apply to those earning over £75,000 and borrowing up to £1m at less than 75% LTV. However, for the self-employed or anyone using an affordable housing program, the LTI multiple remains capped at 4.49 times earnings. …

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 …

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. …

Image Credit: Shutterstock The pandemic has led to a savings boom, but many mortgage experts suggest that because the wealthiest households are the main beneficiaries, it is unlikely to help many more first-time buyers access finance. real estate scale. Numerous studies have shown that households have set aside over £ 100bn in excess deposits as …

Transfer panel supplier LMS has struck a deal with the Darlington Building Society that will see the mutual join its panel. The construction company becomes the 29th lender on its LMS Panel Link service. LMS says it offers “a fully vetted secure panel that meets exact company requirements.” He adds that the panel “also provides …

The MCI Mortgage Club has added specialist lender United Trust Bank to its panel. United Trust Bank lends on first and second mortgages up to £ 500,000 and will accommodate non-preferred clients and non-standard construction property types. The bank has flexible criteria for salaried and self-employed clients and does not establish a credit score. Last …

Victoria Mutual Building Society (VMBS) President and CEO Courtney Campbell announced on Friday the launch of a new 100% mortgage offering for Jamaican self-employed and contract workers. These groups, including taxi drivers, hairdressers, plumbers, electricians, micro-business owners and contract workers have often been denied loans and mortgages because their incomes “were inconsistent”. Campbell said during …