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1 day ago | 
mortgagestrategy.co.uk | David Burrows |Becky Bellamy
London Credit has confirmed rate reductions across its product range, including cuts of up to 60 basis points (bps) on commercial and semi-commercial bridging loans. Residential bridging rates have also been reduced by up to 24bps.
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1 day ago | 
mortgagestrategy.co.uk | David Burrows |Roger Baird
A lack of understanding of the requirements around energy performance certificates (EPCs) and forthcoming regulation may hinder the government’s efforts to increase the energy efficiency within the private rented sector. This is according to The Mortgage Works’ latest buy-to-let report. A poll of 1,000 UK landlords revealed that nearly two thirds (62%) are unaware that having an EPC is a legal requirement.
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2 days ago | 
mortgagestrategy.co.uk | Roger Baird |David Burrows
Stafford Building Society has launched two mortgages for landlords with a discounted variable interest rate of 3.05%. The mutual’s new standard buy-to-let and holiday BTL mortgages both come with a 3.05% rate over an initial two-year term at up to 70% loan to value. It will assess affordability using rental income, with seasonal variations considered for holiday lets and Airbnb. This is calculated using a stressed interest rate of 5.50%.
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2 days ago | 
mortgagestrategy.co.uk | David Burrows |Becky Bellamy
Chorley Building Society has launched two new buy to let products, in response to feedback from brokers. The two new products offer a lower interest rate than the society’s equivalent standard buy to let products and have a fixed 3% scheme fee. Chorley’s standard buy to let products have a fixed scheme fee of £1,499 and have a higher interest rate. This means that the lower interest rate will support the ICR calculation (rent required to support the mortgage payments).
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2 days ago | 
mortgagestrategy.co.uk | Roger Baird |David Burrows
The Financial Conduct Authority’s 72-page mortgage review is the “wide-ranging” look at opening up the sector the regulator promised at the start of the year. ItsMortgage Rule Review: the future of the mortgage market, includes options on scrapping five-year mortgages, cutting the 1% minimum stress test margin and widening the use of later life lending. Below are its key proposals at a glance: Scrapping five-year mortgages The watchdog says: “The current rule creates a cliff-edge at 61 months.
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2 days ago | 
mortgagestrategy.co.uk | David Burrows
Barclays UK has hired Roland McCormack as its head of mortgage intermediaries. The newly-created role is a senior leadership position and McCormack will be responsible for leading Barclays’ intermediary channel strategy. He will assume his position on 1 July and report directly to Lee Chiswell, head of mortgages, as part of a refreshed leadership structure designed to strengthen Barclays’ intermediary presence and market share.
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2 days ago | 
mortgagestrategy.co.uk | Becky Bellamy |David Burrows |Momodou Musa Touray
TMG Mortgage Network has announced it will relaunch TMG Club, its refreshed mortgage club proposition. The relaunch will see an expanded team and enhanced infrastructure. Brokers will have access to comprehensive compliance support, training and development and new systems and technology. The TMG Club is set to officially launch in 2026 and is a key part of TMG’s strategic vision.
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2 days ago | 
mortgagestrategy.co.uk | David Burrows
Finova has confirmed the promotion of Richard Marsh to chief customer officer (CCO). This appointment follows a series of recent leadership changes for the mortgage and savings software provider, including the appointment of Rowan Clayton as chief product officer, Hamza Behzad as business development director and Sebastien Mrotzek as operations director. Marsh was previously chief operating officer.
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2 days ago | 
mortgagestrategy.co.uk | Becky Bellamy |Roger Baird |David Burrows
The Financial Conduct Authority is inviting views on its mortgage rule review, which aims to boost home ownership and support growth. Those who could benefit from further changes to mortgage rules include first-time buyers, the self-employed and people borrowing into retirement. This is the second and more wide-ranging mortgage review the regulator has carried out this summer.
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2 days ago | 
mortgagestrategy.co.uk | David Burrows |Becky Bellamy
West One Loans has strengthened its newly structured mortgages division with the appointment of two new regional account managers. Asad Ali has joined the team covering the North West of England, while Jason Ruse takes up a role focused on Central London. Both report to Paul Huxter, head of intermediary sales and distribution at West One. Ali brings over a decade of experience as a business development manager, having previously held a similar role at Santander.
