Lenders have withdrawn more than 2,000 products in the past month, says eMoneyfacts. co.uk. Denise Harvey, mortgage analyst at the website, says: “In the past month alone we have seen the number of deals in the residential and buy-to-let sectors plunge from 7,726 to 5,700.”
Ian Moore, business development executive, HML, believes the chancellor’s gold standard concept might have something to offer. But the timescale suggests it’s likely to be a long-term fix while the market needs relief now
First Direct has suspended lending to all new customers as a result of an application backlog.
NatWest will be offering new buy-to-let deals from March 31.Included are two two-year fixed rates available online only with 85% LTVs and a 20% rate increase.Also changed are a series of tracker deals including a pair of two-year deals at 85% LTV. Rates on these have risen by 21% and 25% putting the deals at […]
Coventry and Godiva have given brokers five working days’ notice of their next product updates. Last week the lenders said they would accept pipeline business until tomorrow prior to revamping their ranges.
Over the last seven years you have probably read countless articles and had endless discussions about when the Federal Reserve (Fed) is next going to hike. The chart below shows the Fed Funds rate implied by the market at the beginning of each year since 2010. The Fed did finally edge rates higher in December […]
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