UK

Mansfield cuts rates on Versatility range

Mansfield Building Society has cut the rates on its Versatility range by 16 basis points. Pricing for the products now starts at 3.49 per cent and up to 4.49 per cent variable. The range offers fixed and discounted rates on both capital repayment and interest-only products and covers mortgages for borrowers with a limited employment or […]

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SPF Private Clients offers HTB AI mortgage adviser

SPF Private Clients has introduced an IBM Watson Assistant-powered AI mortgage adviser that specialises in help-to-buy. The system, Ava, offers 24/7 advice for queries and a mortgage indication in just three minutes, according to the firm. The mortgage adviser can provide a decision in principle in 15 minutes and connect a customer to an adviser […]

buy-to-let

Homeowner possessions drop to near-40 year low: UKF

UK Finance reports that homeowner repossessions are at the lowest level recorded in nearly 40 years. Data provided by the firm shows that, in 2018, there were 4,580 homeowner possessions, which is the lowest since 1980, when there were 3,480. During 2018, there were 2,240 buy-to-let possessions. On a quarterly basis, there were 1,130 homeowner […]