MFS selects OMS as primary origination platform partner

By: ameer@trustedteam.com

Market Financial Solutions (MFS) has chosen One Mortgage System (OMS) as its primary origination platform partner. The partnership will help landlord and broker interaction and will provide a platform to...

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LSL sells two firms to private equity firm Pivotal Growth

By: ameer@trustedteam.com

LSL has sold Group First – which comprises Mortgage First and Insurance First – and RSC New Homes to Pivotal Growth. Both firms specialist in the new-build sector. Pivotal Growth was...

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FHA One-Time Close Construction Loan Limits Are Higher In 2023

By: ameer@trustedteam.com

January 13, 2023 If you want to build a home from the ground up using an FHA One-Time Close Construction Loan, there’s good news for you in 2023. Your buying...

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ONS reports flat growth for monthly construction output in November

By: ameer@trustedteam.com

Monthly construction output is estimated to have flat growth (0.0%) in volume terms in November last year, the Office for National Statistics reveals. The latest data follows a downwardly revised...

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Newcastle Intermediaries adds range of 60% and 80% LTV two-year fixes

By: ameer@trustedteam.com

Newcastle Intermediaries has launched a range of 60% and 80% loan-to-value (LTV) two-year fixed-rate mortgage products. A two-year fixed rate at 4.75% (5.0% APRC) up to 80% LTV has an...

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Lack of mortgage affordability at near all-time high for FTBs: Nationwide

By: ameer@trustedteam.com

The rise in the cost of servicing mortgages relative to take home pay is the greatest contributor to a lack of affordability for first-time buyers, according to Nationwide. The bank’s...

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Weekly rate watch: Fixed prices plummet

By: ameer@trustedteam.com

All major mortgage fixed rates fell significantly this week, Moneyfacts says in a new report. The average rate for a two-year fix fell 12 basis points, to 5.63%, while the...

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Single-family rental market slammed by headwinds

By: ameer@trustedteam.com

The nation’s single-family investment-property sector and the lenders serving those borrowers face some major challenges in 2023 as rent growth is slipping, vacancy rates growing, home-value growth faltering, and...

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Construction output flat in November, ONS reports

By: ameer@trustedteam.com

The latest data follows a downwardly revised increase of 0.4% from 0.8% in October. The main contributions towards the flat growth in November came from a decrease in new work...

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Lettings agents predict rise in arrears and further decline in landlords: Goodlord

By: ameer@trustedteam.com

Lettings professionals expect to see more landlords leave the market in 2023, against a backdrop of rising arrears and falling house prices, a survey by Goodlord reveals. The survey, which...

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