Broker searches reflect market ‘uncertainty’ in December: Knowledge Bank  

By: ameer@trustedteam.com

In the residential sector, the most popular criteria searched for was again ‘maximum age at the end of term’, while the search for lenders allowing ‘joint borrowers, sole proprietor’...

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Lenders expect tighter credit conditions in Q1: BoE

By: ameer@trustedteam.com

Lenders believe that credit availability will decrease in the first quarter of this year, a new survey from the Bank of England (BoE) shows. In its latest credit conditions questionnaire,...

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First quarter of 2023 will see tighter credit, says BoE survey

By: ameer@trustedteam.com

In its latest credit conditions questionnaire, a net percentage balance of -24.1 is given when asked about availability in Q1 2023 on the back of a -33.6 figure quoted...

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House prices rise 10.3% in November: ONS

By: ameer@trustedteam.com

The average house price in the UK went up by 10.3% in November 2022 on an annual basis, says the Office for National Statistics (ONS). This is down from the...

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MPowered Mortgages cuts 3- and 5-year rates by up to 27bps  

By: ameer@trustedteam.com

MPowered Mortgages has cut rates across its suite of five-year fixed products for homebuyers and remortgagers, and all three-year fixed deals to 75% loan to value by up to...

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Dynamo for Intermediaries selects LMS conveyancing portal   

By: ameer@trustedteam.com

Dynamo for Intermediaries has chosen the LMS SELECT portal to support its conveyancing quote and instruction work.   The network says that its “brokers can find the right conveyancing product...

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Mortgage demand jumps nearly 28% in one week, as interest rates drop to lowest point in months

By: ameer@trustedteam.com

Mortgage rates are at the lowest level since September, and that is bringing new demand into the mortgage market. The average contract interest rate for 30-year fixed-rate mortgages decreased last...

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Dynamo for Intermediaries picks LMS conveyancing platform   

By: ameer@trustedteam.com

The network says that its “brokers can find the right conveyancing product for their customers and access real-time quotes delivered in under 30 seconds with straightforward breakdowns from law...

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MPowered reduces 3- and 5-year homebuyer rates by up to 27bps  

By: ameer@trustedteam.com

The fintech lender says, on its prime three-year fixed products, with a £999 arrangement fee, it has reduced rates by 20bps, with loans now starting at 4.54%. For borrowers...

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How the FTC’s proposed ban on noncompetes could impact lenders

By: ameer@trustedteam.com

The Federal Trade Commission's proposed rule banning noncompetes is likely to have a substantial impact on the mortgage industry if it is enacted. The proposed legislation will not only ban...

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