Remortgage searches jump 40% as BoE lifts rate: Twenty7tec  

By: ameer@trustedteam.com

Broker remortgage searches yesterday jumped by 38.8% to 40,902 enquires, compared to an average Thursday, says Twenty7tec.  ...

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Fixed-rate deals respond to BoE 0.5% interest rise

By: ameer@trustedteam.com

Average fixed mortgage rates continued to rise this week as the BoE raised interest rates to 5%. ...

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Clydesdale lifts resi and BTL rates by up to 40bps, launches products 

By: ameer@trustedteam.com

Clydesdale Bank has lifted the rates on all of its existing residential and buy-to-let fixed rate deals by 40 basis points, and will launch new products.  The lender debuts two exclusive...

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MHBS pulls fixes with 48 hours notice 

By: ameer@trustedteam.com

Market Harborough Building Society says its current fixed-rate home loans will be withdrawn and replaced at 5pm on Friday 23 June.  The society says it has notified brokers by email, giving...

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Glenigan points to housing recovery in 2024

By: ameer@trustedteam.com

The construction sector will continue to contract during 2023, although growth is modest growth is forecast for the sector in 2024 and 2025, according to the latest industry report. ...

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Gap between landlord two and five-year loans narrows: Landbay  

By: ameer@trustedteam.com

The gap between two and five-year landlord fixed-rate remortgage options is closing, data from Landbay shows.   Four out of 10 landlords say they plan to take a five-year fixed...

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Housing construction falls sharply but 2024 recovery expected

By: ameer@trustedteam.com

The construction sector will continue to contract during 2023, although growth is modest growth is forecast for the sector in 2024 and 2025, according to the latest industry report. This...

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Gap between 2- and 5-year BTL remos narrows: Landbay  

By: ameer@trustedteam.com

The gap between two- and five-year landlord fixed-rate remortgage options is closing, data from Landbay shows.   ...

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Commercial property purchase cheaper than renting: Bionic

By: ameer@trustedteam.com

It is still cheaper long-term for businesses to purchase a commercial property. The average commercial mortgage repayment is £1,402 pcm, while the average overall cost to rent a commercial...

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Bank raises base rate to 5%

By: ameer@trustedteam.com

The Bank of England (BoE) has increased the base rate by 50 basis points to 5% — its 13th consecutive rise.  This is the biggest rise since February, and follows...

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