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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Tandem Bank joins TMA Club’s lender panel

By: ameer@trustedteam.com

TMA Club has partnered with Tandem Bank as it continues to expand its panel for lenders. As part of the partnership, directly authorised (DA) brokers who are members of TMA...

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Twenty7Tec reveals busiest ever first working week of a new year

By: ameer@trustedteam.com

Twenty7Tec reveals brokers have performed more mortgage searches on its platform in the first week of the year compared to any previous new year. In the first working week, Twenty7Tec...

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