Mortgage Solutions
WEBZero contact with protection clients will ‘damage rapport’ – analysis • Stamp duty intake totals £1.1bn in August – HMRC • LiveMore reduces mortgage rates; Fleet Mortgages brings back EPC deals and cuts five-year deals – round-up • Halifax brings out improved further advance application process •
Barclays to acquire Kensington Mortgages - Mortgage Solutions
WEBJun 24, 2022 · The acquisition includes Kensington Mortgages Company Limited and a portfolio of UK mortgages mainly made up of loans originated by Kensington since October 2021. According to Barclays, Kensington originated around £1.6bn of mortgages in the year ended 31 March 2022 and its mortgage portfolio totalled £1.1bn as of 31 May 2022.
Mortgage broker firms plan expansion – Paragon - Mortgage …
WEBFeb 27, 2024 · Nearly four in 10 – 38 per cent – of mortgage intermediary firms plan to expand, a survey revealed. Despite challenges in the market, a poll conducted by Paragon Bank found most mortgage broker firms were looking to increase their headcount. Some 48 per cent said they wanted to hire experienced advisers who …
Exclusive: L&C completes over £10bn in mortgage business in 2023
WEB08/01/2024. •. 0. Fee-free broker L&C Mortgages supported over £13.2bn of mortgage applications in 2023, completing around £10.3bn in mortgage business, Mortgage Solutions understands. L&C added that its overall staff count, including advisers, was just under 1,000 and it was planning a recruitment drive this year to grow the number of ...
First Homes scheme launches with seven lenders signed up
WEBJun 4, 2021 · First-time buyers using the scheme could pay £5,350 less on the deposit and save £536 a month on repayments, Mason said. The saving is based on the differential of buying a property at 70 per cent of market price whilst taking a 95 per cent LTV with a 4 per cent fixed rate on 25 year repayment. Nationwide’s mortgages director Henry Jordan ...
Santander reduces BTL and remortgage rates
WEBApr 19, 2023 · The lender’s buy-to-let rates have been reduced by up to 0.2 per cent, such as a five-year fix for purchase and remortgage which starts from 4.37 per cent with a £1,749 fee or 5.04 per cent with no fee. Across the two-year fixed option, rates for corresponding products are 4.99 per cent and 5.39 per cent respectively.
L&G Mortgage Club generates record £110bn of mortgages in 2022
WEBMar 8, 2023 · Legal and General (L&G) Mortgage Club completed £110bn of mortgages in 2022, a 12 per cent improvement on the £9.8bn completed the year before and a record for the business. Strong demand, particularly in the remortgage market, helped to boost business, the L&G group’s financial results stated. It …
Atom Bank issues same-day mortgage offer on a fifth of cases
WEBNov 15, 2023 · Atom Bank has approved a fifth of mortgage applications on the same day in the last four months, it has claimed. The lender said a third of applications submitted had received an offer the same or the next day, while more than half were supported with either an automated valuation model (AVM) or automated income verification (AIV).
Glenhawk eyes £1bn lending target with £200m Natwest fund
WEBSep 15, 2022 · Specialist lender Glenhawk has agreed a £200m senior funding line with Natwest Markets as it aims to lend £1bn a year by 2024. This injection sits alongside the lender’s existing funding line with J.P. Morgan and builds on Natwest’s experience in the bridging sector. The UK bridging market as a whole saw a revival in applications and ...
First-time buyers need twice the average UK income to purchase a …
WEBJun 20, 2024 · The average first-time buyer would need to earn £60,600 – nearly double the average UK household income of £33,300 – to get on the property ladder, analysis from a property listing firm has shown. Research from Zoopla suggested this income would be required for a typical first home worth £250,000 with a 20% deposit.
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