Mortgage demand from homebuyers drops for the third straight week as interest rates rise

By: ameer@trustedteam.com

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased last week to 6.93% from 6.87% Mortgage applications to purchase a home fell...

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Gen H debuts product switching range for intermediaries  

By: ameer@trustedteam.com

Gen H has launched a product switching range for brokers who help the fintech lender’s clients move to a new rate, which will see them earn a 0.25% procuration...

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Profits fall at Taylor Wimpey but brighter H2 predicted

By: ameer@trustedteam.com

One of the UK’s largest housebuilders Taylor Wimpey has seen its profits fall in  a challenging climate – but full-year completion forecast offers encouragement. ...

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UK house prices continue to cool: Nationwide HPI

By: ameer@trustedteam.com

Annual house price growth edged further into negative territory in July. According to the latest Nationwide House Price Index, July saw house prices fall 0.2% month on month and...

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English rents drive past a record £1,300 in July: Goodlord  

By: ameer@trustedteam.com

The average cost of rent in England jumped 19% hitting a record £1,367 per property in July compared to the previous month, data from Goodlord shows.   Tennant costs are...

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Foundation cuts landlord and resi loans by up to 35bps  

By: ameer@trustedteam.com

Foundation Home Loans has cut rates on its buy-to-let and owner-occupier specials product range by up to 35 basis points.   The broker-only specialist lender reduced its five-year fixed-rate F1...

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Stamp duty taxes tumble 32% in Q2: HMRC  

By: ameer@trustedteam.com

Stamp duty receipts from residential homes in the second quarter of the year plunged by 32% from the same period 12 months ago, HMRC data shows.   ...

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Impact of potential base rate rise revealed

By: ameer@trustedteam.com

UK Finance has revealed the impact on the average variable rate mortgage should the Bank of England (BofE) increase the base rate once again on Thursday. Despite UK inflation falling...

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Stamp duty receipts plunge 32% in Q2: HMRC  

By: ameer@trustedteam.com

Stamp duty receipts from residential homes in the second quarter of the year plunged by 32% from the same period 12 months ago, HMRC data shows.   The government tax...

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Vida cuts landlord and resi rates by up to 40bps  

By: ameer@trustedteam.com

Vida has cut rates across its entire buy-to-let range as well as on selected residential products.   The specialist lender says its landlord fixed-rates deals have been reduced by as...

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