Related topic: Mortgages

Purchase, green home, Great Escape and EMC Reward products will all see rate increases.

Trudy Woolf, director of lender services at e.surv, says for many new-build households, removing an annual private charge materially changes affordability.

The Society says the changes will make the experience smoother for brokers and their clients.

The Society has reduced residential and buy-to-let rates, including Income Flex.

Mortgage cancellations climbed 36.4%, the largest annual jump in value in four years.

The platform is designed to support faster, more informed product development, pricing strategy and market positioning.

The increases span purchase, remortgage and product transfers.

The biggest challenges are long decision times (28%), excessive paperwork (22.6%), and poor customer service (18.9%).

The product is now also available on Skipton’s 100% Track Record Mortgage and shared ownership options.

The enhancement will help borrowers avoid the friction associated with cross-border transfers and currency conversion.