BoC rate hikes among the leading contributors of inflation now due to mortgage costs

By: ameer@trustedteam.com

The country’s inflation rate may be coming down, but there are still some parts of the economy exerting upward pressure, including, ironically, high inflation rates. In its quest to bring...

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Commentary: How reverse professionals can work with financial advisors

By: ameer@trustedteam.com

Anyone stepping foot in the reverse mortgage arena quickly realizes that there’s a lack of understanding about the product. That, in turn, is followed by the realization that financial...

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New AI system to measure energy efficiency of Aussie homes

By: ameer@trustedteam.com

CoreLogic and CSIRO have combined the power of artificial intelligence and property data to trial a new pilot program that measures the energy efficiency of Australian homes. The RapidRate artificial...

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New broker inspired by solving ‘big puzzle’ for clients

By: ameer@trustedteam.com

Allana Stimpson, a new broker based on Queensland’s Gold Coast, said she left the banks for brokerage Go Mortgage to better help clients solve the ‘big puzzle’ faced when...

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ANZ makes rate changes

By: ameer@trustedteam.com

ANZ, Australia’s fourth largest bank, has raised the rates on its basic variable home loan by up to 0.1 percentage points for new customers. The move comes less than four...

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FTB enquiries spike in sign of ‘healthy market’: L&G

By: ameer@trustedteam.com

Searches on behalf of first-time buyers (FTBs) jumped by 22% from February to March, Legal & General data shows. The lender has reported the spike in enquiries from FTBs via...

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Gove warns investors of ‘severe consequences’ if no cladding deal agreed

By: ameer@trustedteam.com

Housing Secretary Michael Gove has written to major investors in cladding companies involved in the Grenfell Tower blaze, warning them they face “severe consequences” if they do not agree...

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Pepper Money replaces cheques as part of net zero strategy

By: ameer@trustedteam.com

Pepper Money has replaced thousands of cheques with electronic payments as part of its commitment to the environment. Last year, the lender sent more than 10,000 cheques to customers on...

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Clydesdale Bank reduces BTL, resi rates by up to 13bps  

By: ameer@trustedteam.com

Clydesdale Bank has cut rates on its residential and buy-to-let mortgage range by up to 13 basis points and launched new products.   ...

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Homebuilders ride D.R. Horton jump to highest since January 2022

By: ameer@trustedteam.com

Homebuilders are on a roll, with the stocks rallying to the highest since January 2022, after industry bellwether D.R. Horton Inc. reported better-than-expected orders and results for the second-quarter. The...

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