Top 10 biggest mortgage broker stories this week – 02/10/20
Santander’s cut to landlord income sources, TSB’s one day return to 90 per cent loan to value (LTV) lending and Barclays’ withdrawal of 75 per cent LTV deals made up the top three stories this week.
A warning from the deputy Bank of England governor over negative interest rates and tips on how to spot mortgage fraud were also among the most read articles.
Santander cuts landlord income sources for BTL affordability
TSB returns to 90 per cent LTV mortgages for one day only
Barclays pulls 75 per cent LTV deals
Accord and Halifax increase high LTV rates
Virgin Money launches high LTV deals and cuts rates
Bank of England deputy governor warns over negative interest rates
NatWest relaxes affordability rules for mortgage prisoners
Accord and Nationwide raise rates on low LTV deals and PTs
‘Don’t be afraid to ask probing questions’ to prevent mortgage fraud, brokers told
HSBC and Santander increase high LTV rates by up to 0.3 per cent
Top 10 biggest mortgage broker stories this week – 28/08/2020
Lenders are changing criteria to furloughed workers ahead of the government scheme ending in October.
And mortgages rates are increasing to manage demand and service levels.
It was also revealed that around half of advisers may never return to an office after the Covid-19 crisis ends.
Metro Bank withdraws all 60, 85 and 90 per cent LTV mortgages
TSB stops accepting furlough income and increases high LTV rates
Virgin returns to 90 per cent LTV for first-timers and raises rates
Mortgage rates and fees rising, Moneyfacts warns
Remortgage values rise as homeowners cash in on base rate cut
Half of mortgage advisers set to shun the office after pandemic
Halifax and Barclays increase rates and fees – round-up
‘The extra stress and longer hours are worth the completed mortgages’ – Marketwatch
UK Finance 2019 lending league: Lloyds, NatWest, Santander and Barclays make biggest gains
NatWest only accepting guaranteed employer income for furloughed borrowers
The 10 biggest mortgage broker stories this week – 21/08/20
First-time buyers were also in the news as the Mortgage Solutions poll found gifted deposits are the top means of parental support in the pandemic.
There was also a number of product updates in the biggest stories this week, as well as a solicitor who was struck off for using stamp duty to keep their business afloat.
Tipton launches 99 per cent LTV family assist mortgage
Solicitor struck off for using £300k stamp duty to keep business afloat
Nationwide ups high LTV rates by 0.5 per cent
Gifted deposits top parental support for first-time buyers in pandemic – Poll result
Landlords can take advantage of stamp duty cut with limited company moves – Cleary
Self-employed can claim second SEISS grant
Platform withdraws BTL mortgages and re-introduces 90 per cent LTV deals
Less than two thirds of mortgage offers hit completion as lenders struggle with demand – IMLA
High LTVs available on seconds as lenders halt further advances – Perry
Accord withdraws all 60 per cent LTV BTL deals
The 10 biggest mortgage broker stories this week – 31/07/20
The biggest story was HSBC’s change to the assessment of furloughed workers, but there were a spate of rate and criteria changes from the big high street lenders.
Elsewhere the FCA tried to provide further help to mortgage prisoners and landlords were given a warning over capital gains tax.
HSBC no longer accepting furlough workers without return date
High LTV rates on the rise with big lender moves
Nationwide, Santander and Accord raise rates on high LTV mortgages
A significant obstacle to housing market recovery has been removed – Arena
Landlords and second homeowners have 30 days to pay capital gains tax
FCA offers mortgage prisoner help and delays interest-only capital repayments
Landlords raise rents as tenant numbers grow
Government considering Help to Buy extension – report
Accord cuts buy-to-let rates and adds deals to range
TSB toughens unsecured debt criteria for mortgage borrowers
Top 10 most read mortgage broker stories this week – 21/02/2020
The issue of stamp duty also featured in this week’s most read stories, as well as Help to Buy.
Another of the more popular stories was a broker’s experience of carrying out a mortgage application using virtual reality – well worth a read, if you haven’t already.
HMRC tax dodge campaign catches thousands of landlords
Brokers should maximise first charge on Help to Buy – Halifax
Homebuyers stalling purchases until after Budget hoping for stamp duty cuts
Age UK ends controversial equity release advice partnership with Just
Broker uses virtual reality to complete mortgage application
Chancellor urged to ditch stamp duty levy for landlords developing homes – RLA
Santander ups rates on low LTV mortgages
More lenders could exit tough market, Help to Buy families face negative equity – FCA
Paragon’s Richard Rowntree to open Buy to Let Market Forum
Homeowners to be given powers to contest estate management fees
The Top 10 biggest mortgage broker stories this week – 09/02/18
Elsewhere, Nationwide has reintroduced free legals – but dropped LMS for the service.
And interest rates are back in the headlines, as another hike looks set to come earlier than previously expected.
FOS: London and Country told to pay compensation after broker miscalculates deal by £120k
Nationwide drops LMS as it reintroduces free legals
Purplebricks share price drops 20% in a week
Economists forecast earlier than expected Bank of England rate hikes in 2018
The future for interest-only mortgage borrowers – Marketwatch
Bank of England warns interest rates set to rise sooner and faster, as economists forecast May hike
FCA: Gopee found guilty of acting as an illegal money lender
Co-op Bank ditches retail mortgages to focus on Platform broker offering
Principality appoints first BDM for southern home counties
On free legals: ‘As helpful as a chocolate teapot’ – poll result