Mortgage Strategy

Mortgage Strategy

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TML revamps product range

  The Mortgage Lender has revamped some of its product range following market feedback. The lender will also no longer cascade based on credit score. This means brokers get certainty on the rates on offer upfront. TML is also increasing its maximum LTV for first-time buyers from 80 to 85 per cent. The lender is […]

One 2 One: Richard Tugwell, Together

Increasing distribution channels through networks and clubs, building a great team, and avid support for the Mighty Spurs

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Skipton snips rates, adds products

Skipton Building Society is tomorrow lowering rates on a range of residential, non-standard and buy-to-let loans by up to 0.35 per cent. The lender is reducing rates on residential additional borrowing products by up to 0.35 per cent. The firm is trimming rates on all new build fixed rate products by up to 0.13 per […]

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Vida Homeloans launches second charge pilot

  Vida Homeloans has launched a second charge mortgage pilot scheme. The lender will sell residential and buy-to-let second charge loans through master brokers CSC Loans and Loans Warehouse. Brokers will need to register on the Vida website before submitting business to the master brokers. Vida Homeloans director of sales Simon Burnell says: “After building […]

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Moving costs at all-time high

Moving house has never been more expensive, according to comparison website reallymoving.com. The firm says the average cost in 2017 was £7,381, the highest since 2010, even when adjusted for inflation. Nearly half (44 per cent) of the total cost of moving is made up of estate agent fees. Estate agent rates are at an […]

Most landlords now expect 2017 mortgage issues: Mortgages for Business

Most landlords expect to be hit by upcoming tax relief changes and stricter mortgage affordability checks, according to research by Mortgages for Business. The firm’s latest Property Investor Survey says 60 per cent of landlords predict they will be affected by the tax relief changes. However, 29 per cent of landlords felt they would be […]

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Could ‘let to live’ help resolve the housing crisis?

When it comes to solving Britain’s housing crisis, we often hear of the need to build thousands of new homes to satisfy the growing demand for home-ownership. While we certainly do need to build in order to boost the supply of housing, it is also important that we look to the country’s existing housing stock […]

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Mike Aldridge: First-time buyers are the protection priority

It is regularly cited that around 50 per cent of all protection sales are linked in one way or another to a property transaction. With this in mind, you would be forgiven for expecting the recently announced stamp duty increases for buy-to-let properties, coupled with the cuts to landlords tax relief being phased in, to […]

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Head-to-head: Is the Treasury right to extend the senior managers regime to brokers?

Is the Treasury right to extend the senior managers regime to brokers? Paul Broadhead, head of mortgage policy, BSA With everything that has happened in the banking industry in recent years, it would be odd not to agree with the intentions behind the moves by the FCA and PRA to strengthen accountability. But there is […]

Andrea Rozario: Regulatory review is a good thing for the ER industry

The growth of the equity release sector has been well documented by myself and others. Those within the market feel sure that the lifetime mortgage has a very successful future ahead of itself. And now the FCA is also taking more notice of our industry and the onset of hybrid products with a view to […]

Emma Thomson: Brokers vital to boosting protection awareness

I had a very humbling experience recently that has made me even more determined to help consumers understand the value of protection. I visited one of our clients, a lady who was diagnosed with breast cancer and who subsequently claimed on her critical illness policy. Spending a morning with Marie, hearing the emotional story of […]