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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Gen H moves from an SVR to base rate tracker

By: ameer@trustedteam.com

Generation Home (Gen H) has replaced its standard variable rate (SVR) of 7.5% with a Bank of England Base Rate Tracker +3% for a reversion rate of 6.5%. The lender...

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LiveMore reinstates fee-assisted mortgages, lowers RIO age limit  

By: ameer@trustedteam.com

The later life lender, which focuses on those aged 50 to 90-plus, adds that it has dropped the minimum age for its retirement interest-only products to 50 from 55. ...

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LiveMore brings back fee-assisted loans, lowers RIO age limit  

By: ameer@trustedteam.com

LiveMore is bringing back fee-assisted mortgage products, with a free standard valuation and no product fee.  The later life lender, which focuses on those aged 50 to 90-plus, adds that...

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