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News

Mortgage Soup
mortgagesoup.co.uk > house-price-fall-fails-to-solve-first-time-buyer-deposit-barrier

House price fall fails to solve first-time buyer deposit barrier

3+ day, 13+ min ago   (822+ words) Millions of working renters remain unable to buy their first home despite falling house prices, with Own Homes calling for greater use of private capital to tackle the deposit barrier. The latest Lloyds House Price Index showed house prices fell…...

Mortgage Soup
mortgagesoup.co.uk > nivo-revamps-website-with-ai-cost-and-time-saving-tools-for-brokers

Nivo revamps website with AI cost and time-saving tools for brokers

3+ day, 15+ hour ago   (353+ words) The new site allows firms to review an example of the checked evidence pack and case analysis produced by Nivo Collect, compare the service with document-checking tools and examine what is included in its monthly pricing before arranging a sales…...

Mortgage Soup
mortgagesoup.co.uk > legal-general-surveying-services-rebrands-as-westmarq

Legal & General Surveying Services rebrands as Westmarq

4+ day, 13+ min ago   (353+ words) The national surveying business said the new identity marked the next stage of its development as it seeks to expand its work with mortgage lenders and increase its use of technology, data and property intelligence. Westmarq manages about 376,000 valuations a…...

Mortgage Soup
mortgagesoup.co.uk > cotality-joins-opda-to-support-open-property-data-standards

Cotality joins OPDA to support open property data standards

5+ day, 13+ min ago   (293+ words) The property data, software and workflow provider holds a database of more than 150 million property records, covering more than 25 years of historical transactional data. It also monitors around 30.9 million UK residential properties each day for events affecting value and risk,…...

Mortgage Soup
mortgagesoup.co.uk > nearly-900000-borrowers-lock-in-mortgage-deals-early

Nearly 900,000 borrowers lock in mortgage deals early

5+ day, 11+ hour ago   (548+ words) A total of 381,364 mortgages were secured early during the second quarter, following 499,271 in Q1, taking the first-half total to 880,635. The figures come from lenders signed up to the Government’s Mortgage Charter, which allows customers to secure a new deal up to…...

Mortgage Soup
mortgagesoup.co.uk > millennials-and-gen-z-set-to-make-up-62-of-landlords-within-a-decade

Millennials and Gen Z set to make up 62% of landlords within a decade

5+ day, 14+ hour ago   (543+ words) The study found that Millennials are forecast to represent 44% of landlords within 10 years, while Generation Z will account for 18%, giving the two groups a combined 62% share. By comparison, Baby Boomers and Generation X currently account for 54% of landlords, but their…...

Mortgage Soup
mortgagesoup.co.uk > mortgage-advances-rise-11-as-high-ltv-lending-reaches-18-year-high

Mortgage advances rise 11% as high-LTV lending reaches 18-year high

5+ day, 13+ hour ago   (729+ words) The latest Mortgage Lenders and Administrators Statistics showed gross advances increased to £77.4 billion during the quarter, 31.7% higher than a year earlier. The figures, published on 8 September, are based on Mortgage Lenders and Administrators Return data supplied by around 340 regulated mortgage…...

Mortgage Soup
mortgagesoup.co.uk > mortgage-rates-set-to-rise-as-leading-banks-reprice-deals

Mortgage rates set to rise as leading banks reprice deals

6+ day, 10+ hour ago   (521+ words) HSBC and NatWest are among the biggest banks to have increased rates since the start of September, according to analysis by Moneyfactscompare.co.uk, with further repricing expected in the coming days. Lenders are reviewing their margins after swap rates…...

Mortgage Soup
mortgagesoup.co.uk > tipton-expands-expat-and-limited-company-buy-to-let-range

Tipton expands expat and limited company buy-to-let range

6+ day, 17+ hour ago   (204+ words) The lender has introduced a two-year fixed rate of 5.89% for limited company buy-to-let purchases at 70% loan-to-value (LTV), with a £1,999 fee. Expat buy-to-let purchase mortgages now start at 5.14% for a two-year fix at 70% LTV. The arrangement fee is 2% of the amount…...

Mortgage Soup
mortgagesoup.co.uk > pepper-money-reduces-residential-and-buy-to-let-rates

Pepper Money reduces residential and buy-to-let rates

1+ week, 4+ day ago   (269+ words) Residential rates now start at 5.38% up to 75% loan-to-value, while buy-to-let rates begin at 4.54% up to 70% loan-to-value. The lender has reduced rates across its buy-to-let range for personal and limited company landlords. It has also cut residential two-year fixed rates up…...