Anna Sagar

4 days ago | mortgagesolutions.co.uk | Anna Sagar

Clydesdale Bank will increase selected mortgage rates, including core residential and exclusive products, by up to 0.25%. The changes to its mortgage rates will come into force from 4 June. Within its core residential range, which includes product transfers, selected residential two- and five-year fixed rates at 65-75% loan to value (LTV) will rise by around 0.25%.

4 days ago | mortgagesolutions.co.uk | Anna Sagar

First-time buyers are facing more barriers than before in terms of getting on the ladder, but reviews of regulation and product innovation are helping to bridge the gap, a senior executive at Skipton Building Society has said.

4 days ago | mortgagesolutions.co.uk | Anna Sagar

Fintech mortgage lender Gen H has appointed Paddy Doyle (pictured) as its intermediary sales lead. In his role at Gen H, Doyle will focus on “driving new business” and, on the road, will be the “point of contact for thousands of intermediaries across the country”. This marks a return to the lender for Doyle, who worked at the firm between 2022 and 2023 as a business development manager (BDM). Most recently, he was a regional account manager at West One Loans for around a year.

4 days ago | mortgagesolutions.co.uk | Anna Sagar

Halifax has improved its income policy around customers who receive bonuses and have changed employers and NHS workers undertaking different types of overtime to boost affordability. The , it would use the lower of the bonus received in the latest year or the average of the bonus received in each of the last two years. For customers who get annual bonuses, the lender will include a bonus from the previous employer received in the previous year when calculating the two-year average.

4 days ago | yourmoney.com | Anna Sagar

Building societies have a higher number of products, higher loan to values (LTVs) and lower pricing than the wider market, a report has found. According to research from Moneyfacts, average two- and five-year fixed rates at 90% and 95% LTV offered by building societies tend to be lower than the wider market. Two-year fixed rates at 90% and 95% LTV are priced at 5.2% and 5.41%, which is lower than the wider market averages of 5.5% at 90% LTV and 5.61% at 95% LTV.