InterBay Commercial has launched an online calculator that allows brokers to compare prices on loan repayment options for commercial mortgages. Brokers can input client and property details to calculate monthly repayments, interest rates and proc fees. By changing variables, brokers can source the most competitive deals either by paying higher completion fees to reduce rates or by changing loan terms to reduce borrowers’ monthly repayments.
Advantage has assigned Hometrack to provide free instant property valuations through its online mortgage sourcing system.The appointment is part of the lenders drive to improve its service levels to mortgage customers following a meltdown earlier this year. Advantage hopes the technology, which is available for both purchase and remortgage qualifying cases, will enable it to […]
There is a growing fear in the industry that the Bank of England will raise the base rate again this Thursday, as it emerged that year-on-year mortgage approvals edged up only slightly in April.
Estate agency Wow estimates that the UK spends £3.5bn on estate agency fees every year. When the financial advice offered by many estate agents is factored in, the sum rises to about £5bn a year.
Hometrack has predicted that the latest lending statistics from the Bank of England further prove that the UK housing market is set for a downturn.Gary Styles, strategy, risk and economics director at Hometrack, says: The latest Bank of England mortgage data for April provides further support to Hometrack’s view that the housing market is at […]
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