Anna Sagar

London

Reporter at Mortgage Solutions

Assistant Editor at Specialist Lending Solutions

Avid gig goer, tea drinker and food fanatic. 🎧🎼🎸☕️🥘🍳🌯 All opinions my own.

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Articles

Newcastle BS cuts shared ownership rates

1 week ago | mortgagesolutions.co.uk | Anna Sagar

Newcastle Building Society has lowered shared ownership rates by up to 0.55% to help more borrowers get onto the property ladder. Newcastle Building Society will offer a two-year fixed rate priced at 4.75%. This comes with a £999 fee, 10% overpayments and early repayment charges of 2% in the first year then 1% in the following term. The deals are available to those with a maximum household income of up to £80,000, which rises to £90,000 in London.
Average two-year fixed rates at 60% LTV cheaper than five-year deals for first time since mini Budget, Rightmove says

1 week ago | mortgagesolutions.co.uk | Anna Sagar

The average two-year fixed rate at 60% loan to value (LTV) for those with a 40% deposit is cheaper than the average five-year fixed rate. The average two-year fixed rate at 60% LTV is 4.18%, while the average five-year fixed rate at the same LTV tier is 4.19%. These are weekly drops of 0.07% and 0.03% respectively, with the two-year fixed rate down 0.49% and the five-year fixed rate lower by 0.1% annually.
West One Loans slashes rates and brings out £1,000 cashback deal

1 week ago | mortgagesolutions.co.uk | Anna Sagar

Specialist lender West One Loans has lowered first charge residential and buy-to-let (BTL) deals and added select cashback deals. West One Loans’ two-year fixed residential rates have been lowered by up to 0.3%, with pricing beginning from 5.69%. The firm’s five-year fixed rate below 85% loan to value (LTV) will be cut by around 0.15%, with rates starting from 5.74%. West One Loans has introduced a £1,000 cashback remortgage offering five-year fixed rates with a minimum loan size of £75,000.
Expat BTL market is 'resilient' and growing - analysis

1 week ago | mortgagesolutions.co.uk | Anna Sagar

The expat buy-to-let (BTL) market is growing in popularity, with first-time landlords and limited company structures proving popular, but there are still challenges in the market. Luther Yeates, head of mortgages at Bristol-based broker firm UK Expat Mortgage, said it was seeing an increase in expat BTL investment. He explained: “More Brits are moving abroad for higher salary opportunities and want to make their extra income work for them back home – in a property market they’re familiar with.
Air launches app to enhance support for adviser members

1 week ago | mortgagesolutions.co.uk | Anna Sagar
West Brom BS cuts select shared ownership and new-build rates

1 week ago | mortgagesolutions.co.uk | Anna Sagar

West Brom Building Society has reduced a selection of its two-year shared ownership and new-build deals by up to 0.47%. West Brom Building Society is lowering its 95% borrower share deal to 5.24%. The shared ownership product comes with no fees and is one of the most competitive on the market. The lender said rates across the rest of the shared ownership range have been cut and end dates have been extended from June to September.
Yorkshire BS slashes rates by up to 0.55% with sub-4% remo deal available

1 week ago | mortgagesolutions.co.uk | Anna Sagar

Yorkshire Building Society has lowered rates across its range by up to 0.55%, with a sub-4% two-year remortgage deal available. Yorkshire Building Society’s largest rate cuts have been made on products up to 90% loan to value (LTV), which are being cut by 0.55%. Products at 80% LTV and 85% LTV have been reduced by 0.4% and deals at 75% LTV have been lowered by up to 0.37%. Deals at 60% LTV have been lowered by around 0.35%.
Paragon promotes Sweetman to mortgages national account manager

1 week ago | mortgagesolutions.co.uk | Anna Sagar

Buy-to-let (BTL) specialist Paragon has appointed Tim Sweetman as mortgages national account manager. As national account manager, Sweetman will work with Paragon’s key distribution partners including mortgage networks, clubs and specialist distributors. He will help boost the understanding of its proposition and criteria among adviser member firms, showing how brokers can take advantage of the improved certainty, transparency and speed of its mortgage application platform.
London Credit cuts commercial and semi-commercial bridging rates

1 week ago | mortgagesolutions.co.uk | Anna Sagar

Bridging lender London Credit has lowered commercial and semi-commercial bridging rates by up to 0.1%. The firm said the cuts were part of a “limited-time offer”, applying to all new commercial and semi-commercial applications for which legal undertakings are underway by 31 May and completion by 15 July. Pricing starts from 0.75% per month on loans up to 60% loan to value (LTV).
Mortgage Intelligence adds Dudley BS to lender panel; Rosemount Financial Solutions brings MetLife UK onto protection panel - round-up

1 week ago | mortgagesolutions.co.uk | Anna Sagar

Dudley Building Society has been added to the lender panel of mortgage network Mortgage Intelligence. Mortgage Intelligence said the addition of Dudley Building Society to its lender panel strengthened its specialist lending proposition and it would support borrowers who “fall outside mainstream criteria”. Dudley Building Society offers complex case solutions including expats, the self-employed, and those seeking lending into or beyond retirement.