Foreclosure, eviction concerns forced more than 200K to move in 2022

By: ameer@trustedteam.com

More than 200,000 households moved in 2022 due to evictions or foreclosures, with minorities and single-parent families especially affected, new research determined. Eviction and foreclosure-related moves jumped 56% on an...

Read More

Clydesdale Bank cuts resi, BTL 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.   The lender says its reductions for new borrowers...

Read More

NatWest cuts homebuyer, BTL rates by up to 21bps  

By: ameer@trustedteam.com

NatWest has cut rates on its new and existing customer product ranges for homebuyers and landlords among other borrowers by up to 21 basis points.   The lender says reductions...

Read More

Comment: Equity relief?

By: ameer@trustedteam.com

The housing market looks as if it could be in for a tough time in 2023. Despite no real crash kicking off just yet — at the time of writing,...

Read More

Government sets out leasehold insurance reforms

By: ameer@trustedteam.com

New rights and protections are being sought for leaseholders to improve transparency of the multi-occupancy leasehold buildings insurance market. At the same time, the government has reconfirmed its intention to...

Read More

U.S. Bancorp may sell off parts of its servicing portfolio

By: ameer@trustedteam.com

U.S. Bank's corporate parent is contemplating shedding some servicing as the company weighs strategies that would help improve its capital position.Chief Financial Officer Terry Dolan mentioned the possibility when...

Read More

Green mortgages key to net zero targets: FCA

By: ameer@trustedteam.com

Green mortgages have a growing role to play in decarbonising the UK’s housing stock, according to the FCA’s director of retail banking. In a speech delivered at the London Institute...

Read More

Housing starts tumble by 39%: Glenigan

By: ameer@trustedteam.com

Housebuilding starts slumped by 39% during the first three months of the year compared to the previous quarter and is 51% lower than a year ago, data from Glenigan...

Read More

Law Society issues landmark green guidance for conveyancers    

By: ameer@trustedteam.com

The Law Society has set out its guidance on how to manage climate risks for conveyancers and other solicitors, which it says “will affect most clients and nearly all...

Read More

AI tech helping to plug EPC data gap for Leeds BS

By: ameer@trustedteam.com

Leeds Building Society has adopted new AI-based technology to predict missing Energy Performance Certificate (EPC) data and accurately evaluate the emissions of its mortgage portfolio. ...

Read More