Coventry BS to buy Co-op Bank for £780m - Mortgage Solutions
May 24, 2024 · The cash needed to acquire The Co-op Bank will be funded from Coventry Building Society’s existing cash resources at completion. ‘A transformational moment for members and customers’. The acquisition is subject to regulatory approval and is expected to complete early next year. Of the cash consideration, up to £125m will be deferred for ...
Mortgage Solutions
Catering to the lifeblood of the housing market and helping people into homeownership. Keep up on top of all crucial first-time buyer updates on policy, regulation, products and criteria here. News. First-time buyers in 31% of councils will see stamp duty bills rise.
More 2 Life introduces ‘highest LTV’ lifetime mortgage
Apr 27, 2021 · More 2 Life has launched a product which claims to offer the highest loan to value (LTV) for a lifetime mortgage at up to 58 per cent LTV. The ‘prime max lump sum’ product is open to borrowers aged between 55 and 84. Rates begin at 6.64 per cent for a monthly equivalent rate (MER) and 6.85 per cent for an annual equivalent rate (AER).
Everything you need to know about swap rates…but were afraid to …
Oct 7, 2022 · As swap rates are based on assumptions of what interest rates will be, if they are expected to rise then swap rate changes would continue. Harris explained: “Market anticipation is that the base rate will have to move faster, higher and for longer.”. “The Bank of England is expected to further increase the base rate again in November when ...
Halifax reduces rates by 0.45 per cent - Mortgage Solutions
Jan 10, 2024 · Halifax has lowered two and five-year fixed rates for homebuyers and movers by up to 0.45 per cent, bringing some deals under five per cent. Its two-year fixed rate at 60 per cent loan to value (LTV) has fallen from 4.62 per cent to 4.29 per cent. At 80 per cent LTV, the cut is from five per cent to 4.57 per cent and at 85 per cent the fall is ...
Barclays slashes mortgage rates by up to 0.43 per cent
Dec 19, 2023 · High street lender Barclays will lower mortgage rates by up to 0.43 per cent across its residential, buy-to-let purchase and remortgage ranges along with its reward ranges. The lender said that it had reviewed its offering against “market funding conditions” and the changes to its mortgage rates come into effect from tomorrow.
More2life launches flexi payment equity release deal - Mortgage …
Feb 20, 2024 · More2Life gave the example of a borrower releasing £67,210 from a property valued at £286,000. The flexi PTLTM paid at an interest rate of 6.11 per cent monthly equivalent rate (MER) will total £297,460 over 11 years. This is compared to the highest LTV lifetime mortgage at 8.79 per cent MER which will cost £393,796 over the same period.
Mortgage Intelligence collaborates with Mortgage ... - Mortgage …
Apr 26, 2022 · Mortgage Intelligence has teamed up with fintech firm Mortgage Brain to create cloud-based sourcing system, Sourcing Brain. This is an updated version of the existing Mortgage Brain Anywhere and will include features such as enhanced search filters, increased speed and usability and, access to Hometrack’s recently launched automated valuation ...
News - Mortgage Solutions
News. Two bosses of Homes England step down • Editor’s picks for the week – 08/11/2024 • Top 10 most read mortgage broker stories this week – 08/11/2024 • Hinckley & Rugby BS streamlines mortgage application process with OpenBanking Vision •.
Halifax overhauls mortgage criteria for all non-UK national …
Apr 8, 2021 · Halifax is overhauling its mortgage application criteria for all non-UK nationals following Brexit. Many lenders have been making changes to rules for European Economic Area (EEA) nationals but Halifax is applying these to non-European citizens as well, meaning all international applicants will have to meet the same criteria.