Mortgage Strategy’s Top 10 Stories: 30 Jun to 04 July

By: ameer@trustedteam.com

Mortgage Strategy’s Top 10 Stories of the Week This week’s top headlines include a Court of Appeal ruling that clarifies the definition of ‘arrears’ in a key mortgage case, and...

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GTA home sales down year-over-year in June, listings up: real estate board

By: ameer@trustedteam.com

By Sammy Hudes Home sales in the region ticked 2.4% lower in June compared with a year earlier, as 6,243 properties changed hands, the Toronto Regional Real Estate Board said...

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West Brom confirms fixed rate reductions and reintroduces interest-only

By: ameer@trustedteam.com

West Brom Building Society has announced cuts across its five-year fixed rate products. For those with a 10% deposit, the society’s five-year fixed rate has reduced by 0.28% to 4.40%...

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Fixed rate reductions continue as sub-4% deals back on the market

By: ameer@trustedteam.com

It was a week of rate reductions for fixed mortgages this week with certain lenders reintroducing sub-4% deals to the market. According to Moneyfacts’ latest data, average two-year fixes fell...

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UK Finance calls for Financial Ombudsman Service reform timetable   

By: ameer@trustedteam.com

UK Finance has backed calls that the Financial Ombudsman Service should be stopped from acting as a “quasi-regulator” and insists on a timetable of reform for the body.   The move...

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Bridgit names Nick Ognenovski as first chief revenue officer

By: ameer@trustedteam.com

“The business has quickly built a strong reputation for speed, simplicity, and innovation in what is traditionally a complex category, and has made impressive progress in the third-party channel,”...

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ABS reports Australian household spending rises in May

By: ameer@trustedteam.com

All Australian states and territories posted higher household spending for the month. The Northern Territory led with a 1.2% increase, driven by growth in spending on miscellaneous goods and...

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CSLR levy cut by more than 30%

By: ameer@trustedteam.com

The decision now lies with the Minister for Financial Services, who must determine whether the special levy should be distributed across all four CSLR sub-sectors or addressed through alternative...

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Six-month growth streak continues for Aussie home prices

By: ameer@trustedteam.com

Sydney and Melbourne saw increases of 0.5% and 0.3%, respectively. These markets, which experienced subdued activity in 2024, are now contributing to national gains. Annual growth rates remain uneven,...

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Equifax believes rate cuts will shift mortgage demand

By: ameer@trustedteam.com

Indicators of borrower intent suggest growing confidence in the market. Equifax reported a 13% YTD rise in early-stage mortgage access intent, with May alone showing a 17% increase compared...

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