Latest news for mortgage brokers and introducers - Introducer …
WEB25th September 2024 518 reads 0 comments. NatWest has announced new improvements to its broker support services, launching a single contact number…. To buy or to rent? That is the question! 25th September 2024 572 reads 0 comments. 10 brokers have been asked whether it's cheaper to buy or to rent, the challenges….
How can brokers best deal with vulnerable mortgage applicants?
WEB8 hours ago · Some 24 lenders, mortgage clubs, networks and industry bodies are in a Vulnerable People survey, to help identify and support vulnerable customers. The survey, which went live this week, is anonymous, with Smart Money People managing the survey and results. Featuring input from a diverse group of …
Good News – Mortgage and price data point to housing market …
WEB13 hours ago · Mortgage approvals also rose to 64,900, the highest level since August 2022, indicating that prospective buyers are taking advantage of improving market conditions and lower mortgage rates. The rise in remortgaging approvals from 25,200 to 27,200 further suggests that homeowners are responding to falling borrowing costs by locking in more ...
Goodbye Virgin Money – Nationwide seals unprecedented …
WEB13 hours ago · Nationwide has completed its acquisition of Virgin Money for an estimated £2.9 billion. Virgin Money’s listings on the London and Australian stock exchanges have ben cancelled and chief executive David Duffy has stepped down and been replaced by Nstionwide’s chief finance officer Chris Rhodes. Nationwide says it …
Breaking News Archives - Introducer Today
WEBSep 18, 2024 · Annual house price growth at highest for almost two years. Written by: Introducer Today Team. Nationwide says UK house prices fell by 0.2% month on month in August, after taking account of seasonal effects, but the annual rate of house price growth continued to edge higher. ... 2nd September 2024. No Comments.
First Time Buyer mortgage payments show big drop from peak
WEBThe average monthly mortgage payment for a typical first-time buyer is now £949, compared with £1,096 in July 2023, a saving of nearly £150 (£147), or 13%. The figures are based on the typical first-time buyer market sector of two-bedroom and fewer homes and assumes a first-time buyer has been able to save up a 20% deposit and is spreading ...
Annual house price growth at highest for almost two years
WEBNationwide says UK house prices fell by 0.2% month on month in August, after taking account of seasonal effects, but the annual rate of house price growth continued to edge higher. Average prices were up 2.4% year on year, a slight pickup from the 2.1% recorded in July and the fastest pace since December 2022 (2.8%). However, prices are still ...
Lender joins Fintech bid to speed up property transactions
WEB13 hours ago · Lender joins Fintech bid to speed up property transactions. Fintech supplier PEXA has launched something called the Future Property Transactions Group. It aims to bring together stakeholders from across the market to accelerate the transformation and improvement of the chronically-slow home buying and selling process.
Mortgage roundup – industry firsts and product enhancements
WEBThis week’s roundup takes a look at the latest in the mortgage market, from L&G’s latest addition to its lender panel and an industry-first remortgage product from Stipendium, to Vida’s enhanced residential range and Furness’ latest product releases. Meanwhile, Kent
High Street lenders could push more into sub-4% deals – …
WEBThis took its lowest rate to 3.99% for a five-year fix for new customers moving home with a 40% deposit and a £1,499 fee. Now Moneyfacts expects others to follow suit, even ahead of Thursday’s Bank of England meeting where – according to analysts – there’s a 50/50 chance of a base rate cut. Moneyfacts RachelSpringall says: “Fixed ...