Lenders are starting to offer cheaper rates for repayment mortgages in a bid to steer borrowers away from interest-only deals. Halifax for Intermediaries is the latest lender to change its criteria in favour of repayment deals. It hiked the rates on its tracker mortgages for interest-only payments in March and has now done the same […]
The issue with specialist lending is not that there are no lenders willing to do it but rather that there are no investors willing to invest in it at the moment. That’s why all the remaining lenders of this type have moved to the prime arena if possible, or ceased lending altogether. Many are simply […]
I was intrigued to read on Mortgage Strategy Online recently that Abbey is looking to reward brokers for good packaging. Under my own ’reward the efficient lender’ initiative I am sending cases to lenders that treat me fairly. That’s why I am disinclined to send cases to a lender that agrees a case three times […]
The major UK lenders expect house prices to be broadly flat over the coming year and for mortgage lending to increase moderately, shows the Bank of England’s Trends In Lending report.
Jelf, an independent full-service UK-based brokerage that supports businesses and individuals, has announced its interim results.
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