Mortgage Business Accelerator – Richard Dana, co-founder and chief executive, Tembo

By: ameer@trustedteam.com

The first wave of digital mortgage advisers started in around 2015. By the time we launched Tembo at the end of 2020 it was clear that those in the first...

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Adjustable-rate mortgage demand hits highest level in a year as interest rates continue to climb

By: ameer@trustedteam.com

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 7.90% from 7.70% last week. The average contract interest rate for 5/1...

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Lloyds sees profits rise despite ‘mortgage headwinds’  

By: ameer@trustedteam.com

Lloyds Banking Group posted £1.9bn in pre-tax profit in the third quarter, up from £576m for the same period a year ago, despite “mortgage and deposit pricing headwinds”.    The...

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Sticky inflation not impacting rates as downward trend continues

By: ameer@trustedteam.com

Last week’s inflation numbers have not had any material impact on rates, and they continue to slowly creep downwards. As Rightmove’s mortgage expert Matt Smith goes on to explain: “It...

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Molo Finance launches loans for non-resident landlords for UK lets  

By: ameer@trustedteam.com

Molo Finance has launched non-resident buy-to-let loans to allow foreign borrowers to fund properties in England and Wales.   The digital mortgage lender offers five-year tracker rates from 6.99%, as...

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TSB raises rates on 2-, 3-year purchase and remo loans by 20bps  

By: ameer@trustedteam.com

TSB will lift the price of its two- and three-year fixed-rate loans for purchase and remortgage, at up to 75% loan to value, by 20 basis points tomorrow (26...

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Stubborn inflation not pushing mortgage rates up: Rightmove

By: ameer@trustedteam.com

Last week’s inflation numbers have not had any material impact on rates, and they continue to slowly creep downwards. ...

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London market turns corner following mini budget slump: Foxtons

By: ameer@trustedteam.com

Just over a year on from the mini budget responsible for the declining health of the property market, the capital has turned a corner, with an uplift in activity...

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Lloyds reaffirms profit outlook despite mortgage margin squeeze

By: ameer@trustedteam.com

Lloyds Banking Group posted £1.9bn in pre-tax profit in the third quarter, up from £576m for the same period a year ago, despite “mortgage and deposit pricing headwinds”.    ...

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Molo Finance debuts non-resident BTL products for UK properties

By: ameer@trustedteam.com

Molo Finance has launched non-resident buy-to-let loans to allow foreign borrowers to fund properties in England and Wales.   ...

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