The market had regained momentum after the slowdown recorded around the turn of the year, however, the conflict in West Asia is now clouding the outlook.
The market had regained momentum after the slowdown recorded around the turn of the year, however, the conflict in West Asia is now clouding the outlook.
Eligibility criteria have been tightened, average compensation increased for older agreements, and a minimum 3% compensatory interest rate per annum added.
Charles Roe has announced that he is leaving his role as director of mortgages at UK Finance.
Sebastian Murphy, group director at JLM Mortgage Services, says the assumption higher inflation automatically leads to higher interest rates is not one that necessarily holds in the...
RAW will now lend against current market value, rather than deducting a new build premium.
Mortgage rates had already begun to increase in February, before the full effects of the conflict in West Asia pushed up swap rates.
Over-60s hold £2.92 trillion in main residences alone – a record high.
Average mortgage rates increase by 0.4 percentage points in recent weeks.
The statement emphasises that data protection law should not be seen as a barrier to providing tailored, helpful support to those who may need it most.
Rates now start from 0.57% per month for regulated and light refurbishment bridging loans.
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