Minority borrowers pay $200M more in mortgage costs in NY

By: ameer@trustedteam.com

New analysis out of New York shows the extent historic homeownership gaps are affecting the state's Black and Latino population, who also face higher costs across the life of...

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Pepper Money enhances criteria to help affordability

By: ameer@trustedteam.com

Pepper Money has made enhancements to its lending criteria to help customers maximise their affordability when applying for a mortgage. The specialist lender has increased the amount of variable income...

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Bridging lending rebounds in Q3 as interest rates continue to rise

By: ameer@trustedteam.com

Bridging loan transactions saw a 15.3% increase in the third quarter, totalling £191m. This is according to the latest Bridging Trends survey which suggests the rise from £165.7m in...

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October house prices rise but remain ‘extremely weak’: Nationwide  

By: ameer@trustedteam.com

UK house prices rose 0.9% in the month to October, but are down 3.3% from a year ago, leaving homebuying activity “extremely weak,” according to Nationwide’s latest House Price...

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West One Loans launches five-year fixed rate mortgage products

By: ameer@trustedteam.com

West One Loans has launched its limited edition five-year fixed rate mortgage products for borrowers including first-time buyers and remortgage customers The specialist lender’s Prime Plus five-year fixed rate starts...

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Accord adds tracker mortgages without early repayment charges 

By: ameer@trustedteam.com

Accord will add a suite of tracker mortgages with no early repayment charges to its residential new business range, while cutting selected fixed-rate loans by as much as 23...

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Molo Finance to use landlord income and ICR in affordability assessments  

By: ameer@trustedteam.com

Molo Finance has launched landlord affordability assessments that allow single borrowers to use their income to support mortgage payments, rather than relying solely on rental income forecasts.     The digital lender says...

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Rents drop 11% as summer heat subsides

By: ameer@trustedteam.com

The lettings market saw a dip in rental prices in October, following three months of rapidly escalating prices across England. According to the latest Goodlord Rental Index, the average rent...

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Landbay and Keystone offer range of sub-5% landlord rates 

By: ameer@trustedteam.com

Landbay has cut its landlord rates by up to 20 basis points starting at 4.09%, while Keystone Property Finance offers sub-5% investor loans after reducing its standard and specialist...

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Scottish Widows pulls out of resi, remo markets to focus on later life lending  

By: ameer@trustedteam.com

Scottish Widows Bank will pull out of the house purchase and remortgage markets to focus on equity release loans later this month.   The lender, which is part of the...

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