Becky Bellamy
Reporter at Mortgage Strategy Magazine
Reporter at @MortgageStrat and @MFG_Magazine - [email protected]
Articles
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2 days ago |
mortgagestrategy.co.uk | Roger Baird |Becky Bellamy
Labour’s plan to build 1.5 million new homes by 2030 is being “undermined” by a fall in planning consents, according to a report by Investec. Just 241,000 housing units received planning permission in England last year, a 3% fall from 2023, reveals the study by the specialist bank. This shortfall is particularly acute in the South East, the study says, with London facing a substantial housing gap, with only 32,160 homes delivered in 2023, “less than half the estimated amount required”.
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2 days ago |
mortgagestrategy.co.uk | Becky Bellamy |Roger Baird |Kimberley Dondo
Metro Bank has expanded its commercial mortgage range to offer an 85% loan-to-value (LTV) for loans up to £5 million. The loan is open to all businesses in England and Wales with at least two years trading history. Metro Bank launched its 75% LTV commercial mortgage earlier this year.
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2 days ago |
mortgagestrategy.co.uk | Roger Baird |Becky Bellamy
Pepper Money has launched a house in multiple occupation loan for limited companies and individual landlords aimed at who want to expand their portfolios. The product is available on portfolios of up to 10 properties, with rates starting at 5.19%, and a maximum loan-to-value of 75%, on properties with an energy performance Certificate rating of A to C.
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3 days ago |
mortgagestrategy.co.uk | Becky Bellamy |Roger Baird
Changes in the way lenders stress test borrowers could increase first-time buyer transactions by up to 24% over the next five years, Savills reveals. Following a change in Bank of England guidance in March, lenders are no longer required to stress test borrowers at the standard variable rate plus 1%. Lenders such as Nationwide and Barclays, among others, have already modified the way they apply the affordability test.
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3 days ago |
mortgagestrategy.co.uk | Becky Bellamy |Roger Baird
The Financial Conduct Authority and the Information Commissioner’s Office will draw up new rules on the use of AI across the financial services firms.
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