Paymentshield has migrated its current mortgage protection and income protection book to AmTrust Specialty.

There were 541,000 pure interest-only mortgages outstanding at the end of 2024, 18.5% fewer than in 2023.

In May, nearly half of all mortgage searches and ESIS documents focused on short-term fixes.

The momentum seen in the days leading up to the decision didn’t carry through once the announcement was made.

The lender’s interest-only proposition will comprise three phases, the first of which launches today to intermediaries on its panel.

Brokers were cautioned against recommending two-year fixes in the expectation that rates will be lower in two years' time.

New Build Boost launched in March as a private sector alternative to Help to Buy.

Standard mortgage rates now start from 5.48%.

Just 29% of brokers believe estate agency market appraisals and agreed sales prices accurately represent market value.

Changes apply on standard and green two-year products, including HMOs and MUFBs.