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Mainstream mortgage prices fell in Q1: Mortgage Brain

Most mainstream mortgage prices have dropped over the past three months, according to Mortgage Brain.

The firm says the cost of a five-year fixed rate loan at 70 per cent LTV is now 2.04 per cent, 2 per cent lower than it was at the beginning of April 2017.

The cost of a 70 per cent LTV two-year tracker and a 70 and 80 per cent LTV three-year fixed mortgage have also come down by 2 per cent over the past quarter.

A slight drop in cost has also been recorded for a two-year fixed loan from 60 to 80 per cent LTV, an 80 per cent LTV two-year tracker and a 60 per cent LTV five year-fixed.

All are now 1 per cent lower than they were in April.

Mortgage Brain chief executive Mark Lofthouse says: “Although the reductions in costs over the past three months are relatively small, they do follow a period of stability and should be welcome news to a lot of today’s potential homebuyers or those looking to remortgage.

“Our longer term analysis of the most popular mainstream mortgages also shows a strong mix of rate and cost reductions which means that borrowers looking to take out a mortgage today can benefit from lower monthly repayments.”


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Mortgage Brain eyes £100m sale to private equity firms

Mortgage Brain is in sales talks with private equity firms and is eyeing a deal of up to £100m, according to reports. The sourcing system has hired Deloitte to help with the sale, according to The Times. Mortgage Brain is currently owned by Barclays, Lloyds, Nationwide, RBS, Santander and Virgin Money. The firm’s post-tax profits […]


Mortgage rates static in 2017: Mortgage Brain

The cost of residential mortgages remains at record lows, with little movement seen over the past three months, according to Mortgage Brain. The sourcing system says the cost of the lowest rate five year fixed mortgage -2.55 per cent at 90 per cent LTV – fell by just 1 per cent since January 2017. The […]

Tenet members get access to Mortgage Brain’s Key

Tenet Group is now offering its members access to Mortgage Brain’s ‘the Key’ point-of-sale, CRM and compliance system. The Key supports the sale of mortgages and other financial products and helps Tenet advisers run their back office compliantly and efficiently. The software connects to Mortgage Brain, Mortgage Trading Exchange and insurance and protection companies. It […]


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