Mortgage

Average UK house prices rise by 0.6% in past year: ONS

Average UK house prices increased by 0.6% in the 12 months to July 2023, new figures from the Office for...

Platform pulls new business deals, lifts rates by up to 10bps 

Platform has pulled a range of residential and landlord products for new customers, and lifted selected mainstream and buy-to-let rates...

Paymentshield launches DIY referral service for advisers

Paymentshield has launched a new online ‘DIY referral service’ for advisers. The service allows advisers to refer their clients to...

Aldermore prepares takeover bid for Co-operative Bank: Reports 

Aldermore is preparing to enter the race to takeover the Co-operative Bank, which is valued at £3.5bn. The challenger bank...

Average homebuyer needs two years of earnings to cover deposit

The average UK homebuyer currently requires almost 26 months of net earnings in order to cover the cost of a...

Positive Lending hires Wade as regional account manager  

Positive Lending has hired Graeme Wade as regional account manager for the south at the specialist packager. The directly authorised...

Impact of potential base rate rise revealed

UK Finance has revealed the impact on the average variable rate mortgage should the Bank of England (BoE) increase the...

Homeowners expect monthly payments to jump by £620: TML   

Mortgage holders expect their monthly payments to jump by an average of almost £620 over the next two years due...

The Mortgage Works cuts BTL switcher rates by up to 20bps   

The Mortgage Works will cut rates on selected switcher home loans for landlords by up to 20 basis points from...

Vida hires Smith as national account manager

Specialist lender Vida has hired Oliver Smith as national account manager. Smith has over ten years’ experience in the financial...

House prices in Scotland edge down in tough summer

Scotland’s housing market retreated a little in July due to ongoing headwinds from higher interest rates and cost-of-living pressures, according...

Castle Trust adds heavy refurb bridging loan with drawdowns  

Castle Trust Bank has launched a heavy refurbishment bridging product, with a drawdown facility. The lender says the loan can...