Mortgage Strategy

Mortgage Strategy

19/07/2018 04:24 PM
“Radical overhaul” key to building 300,000 homes a year: House of Lords

A “radical overhaul” of the construction sector is needed to keep pace with demand for housing, a report published today by the House of Lords Science and Technology Committee states. The main thrust of the paper is that off-site manufacture may be the only way to deliver the oft-quoted figure of 300,000 homes a year that […]

The post “Radical overhaul” key to building 300,000 homes a year: House of Lords appeared first on Mortgage Strategy.


19/07/2018 01:13 PM
Law Commission proposes major leasehold law reform

The Law Commission has announced new proposals that will allow homeowners to extend or buy their leasehold more easily and more cheaply. ‘Leasehold traps’ have been an on-going issue for some time. Describing the issue of homeowners owning their house for only a limited amount of time (typically between 40 and 99 years) before its […]

The post Law Commission proposes major leasehold law reform appeared first on Mortgage Strategy.


19/07/2018 12:34 PM
We must prepare for ‘no-deal’ Brexit, says FCA

The FCA has said it is continuing to make contingency plans for all Brexit scenarios, including “no-deal”, as negotiations continue. The government’s latest white paper on Brexit proposed an “equivalance of rules on an outcomes basis” regime for financial services allowing the UK and EU access to each others markets. In a speech by FCA […]

The post We must prepare for ‘no-deal’ Brexit, says FCA appeared first on Mortgage Strategy.


19/07/2018 12:14 PM
Foundation Home Loans reveals new large loan BTL product

Foundation Home Loans has launched a new buy-to-loan product that allows borrowers to access up to £1.5m. The release follows the intermediary-only lender’s recent increase of the maximum loan size for HMO mortgages to £1m. The new 65 per cent LTV ‘large loan’ mortgage is available to individuals and limited companies, but only to those […]

The post Foundation Home Loans reveals new large loan BTL product appeared first on Mortgage Strategy.


19/07/2018 10:40 AM
First-time buyer choices increase but so do costs: AmTrust

The number of first-time products that require either a 5 per cent or 25 per cent deposit has risen, but so has the average rate, according to AmTrust’s quarterly mortgage loan to value tracker review. The number of products aimed at first-time buyers with a 5 per cent deposit and looking to buy a house […]

The post First-time buyer choices increase but so do costs: AmTrust appeared first on Mortgage Strategy.


19/07/2018 10:21 AM
Pepper money reduces select rates

Specialist lender Pepper Money has announced cuts to a number of its residential mortgage products. The most significant reductions can be found within the Pepper12 range. Borrowers without a CCJ or default in the 12 months will be able to access an 80 per cent LTV five-year residential mortgage at 4.63 per cent, down from […]

The post Pepper money reduces select rates appeared first on Mortgage Strategy.


19/07/2018 09:31 AM
Opinion: The market is impelled to change

Firms are already moving forward on the issues noted in the FCA’s Mortgages Market Study – so are the proposed interventions required? Following my article last month on the significant work undertaken by the FCA that is set out in their Mortgages Market Study Interim Report, it is important that I return to the same […]

The post Opinion: The market is impelled to change appeared first on Mortgage Strategy.


19/07/2018 09:31 AM
Marsden announce new “Family Step” product range

Marsden Building Society has announced a new range of mortgages available exclusively though Legal and General. The “Family Step” mortgage products are aimed at first-time buyers and people renting who are looking to become homeowners, with LTVs at up to 100 per cent and no deposit requirements. However, family assistance is needed to support with […]

The post Marsden announce new “Family Step” product range appeared first on Mortgage Strategy.


18/07/2018 04:45 PM
Councils gain new powers to tax empty homes

English councils have been given the power to, in some cases, quadruple the tax rate on homes that have been left standing empty. This move comes from the third reading of a government bill, The Rating (Property in Common Occupation) and Council Tax (Empty Dwellings), which was amended in the House of Lords today. In its […]

The post Councils gain new powers to tax empty homes appeared first on Mortgage Strategy.


18/07/2018 04:26 PM
Comment: Brokers have key role in crunch year for BTL

The buy-to-let market remains an important sector of the housing market. It provides a solution to those keen to rent, whilst for landlords it provides a source of income, a tangible investment asset and a potential alternative to pension savings. However, it does have some detractors, not least those who feel that the buy-to-let market […]

The post Comment: Brokers have key role in crunch year for BTL appeared first on Mortgage Strategy.