During another week of lockdown, lender product changes dominated the headlines.
However, one of the biggest stories of the week was analysis by Mortgage Solutions that showed brokers are losing customers to lenders at the remortgage stage.
In welcome news, brokers reported an uplift in new-build activity after the sector took a heavy hit at the start of the outbreak and lockdown period.
Two-year fixed mortgage rates hit three-year low
Brokers lose 60 per cent of clients to lenders at remortgage – exclusive
Barclays extends mortgage offers to six months
Mortgage brokers report green shoots in new-build market as reservations rise
Offset mortgage rates cheaper than standard fixes – Moneyfacts
‘Switching to interest-only is far more detrimental than a payment holiday’ – Star Letter 24/04/2020
Landlords ditching short-term for longer lets as rents fall – Hamptons
SimplyBiz bosses take pay cut and furlough valuers
Lenders vow to offer product transfers to 1.6m borrowers on mortgage holidays
Santander relaunches Help to Buy mortgage deals