Anna Sagar

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

Principality Building Society will lower selected residential, joint borrower sole proprietor (JBSP), Help to Buy Wales, holiday let and buy-to-let (BTL) rates by up to 0.15%. On the residential side, the lender’s two- and three-year fixed rates at 65% loan to value (LTV) with no fee will fall by 0.06%, while its five-year fixed rates at the same LTV have gone down by 0.07%. The firm’s five-year fixed rates at 75% LTV will decrease by around 0.11%.

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

Fintech mortgage lender Gen H has lowered New Build Boost rates, with pricing falling from 6.29% to 5.95%. New Build Boost was launched in March as an alternative to Help to Buy, with buyers bringing a 5% deposit taking an 80% mortgage with Gen H and receiving an interest-free five-year equity loan 15% boost. The firm said that currently, around 94% of New Build Boost applicants have been first-time buyers, with ages ranging from 19 to 52.

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

Later life lender LiveMore has lowered rates across its standard and retirement interest-only (RIO) ranges by up to 0.49%. The firm said it had lowered most of its standard and RIO LiveMore 1 to LiveMore 4 products, with cuts of up to 0.49% applied to RIO deals and decreases of 0.43% made to standard products. Pricing begins from 5.48% for standard mortgages, which includes standard capital and interest, standard interest-only and part and part.

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

Stamp duty tax receipts for May stood at £918m, a drop from around £1.02bn in the same period last year. According to the , stamp duty tax receipts were also down from £1.3bn in April, £1.41bn in March and £1.05bn in February. However, stamp duty tax receipts for May were higher than in January, when they came to £848m.

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

Specialist short-term lender Hope Capital has brought out a commercial loan aimed at developers converting commercial buildings to residential or semi-commercial properties. The commercial loan is available at flat rates for commercial to residential conversion up to 70% loan to value (LTV) at 0.92%, which is down from the lender’s prior commercial rates, which start at 1.09%. Commercial to semi-commercial conversions can go up to 65% LTV at 0.95%.