Felicity Barnett

1 week ago | mortgagestrategy.co.uk | Roger Baird |David Burrows |Felicity Barnett

Housebuilders who fail to build homes may be stripped of land and face fines under new housing department proposals. Developers will also have to commit to delivery timeframes for new houses before being given planning permission to ensure that “thousands of new homes promised to communities will be delivered faster,” the department said. It added that housebuilders will have to submit annual reports showing their progress to local councils.

1 week ago | mortgagestrategy.co.uk | Roger Baird |Felicity Barnett

Training for bricklayers and carpenters will play a key part of 120,000 new apprenticeships funded as part of the government’s £3bn budget to hand skills “across the workforce to rebuild Britain”. Healthcare support workers will also make up part of this scheme that adds an extra 30,000 apprenticeship starts across this Parliament, the Education department says. The move aims to boost the supply of skilled workers needed to build 1.5 million houses over the next five years, as Labour has pledged.

2 weeks ago | mortgagestrategy.co.uk | David Burrows |Becky Bellamy |Felicity Barnett

Molo has reduced its non-UK resident fixed-rate range by 30bps. Effective immediately, two-year fixed rates start at 7.44%, with five-year fixed rates from 7.24%. Rates are open to both individuals and limited companies, including borrowers residing in over 100 countries. Applications can be assessed using either projected rental income or the borrower’s personal income, helping more landlords qualify with confidence.

2 weeks ago | mortgagestrategy.co.uk | Becky Bellamy |David Burrows |Felicity Barnett

Foundation Home Loans has made enhancements to its Property Plus range, including the addition of short-term lets, rate reductions and removal of its £100k minimum loan size threshold. The new Short-Term Let (STL) Plus products are aimed at properties being let on a short-term basis, through platforms such as Airbnb, or for use by contractors, tradespeople and remote workers seeking flexible and cost-effective accommodation.

2 weeks ago | mortgagestrategy.co.uk | Becky Bellamy |Felicity Barnett

Gable Mortgages has launched two 0% deposit five-year deals for first or next-time buyers wishing to purchase a home. The mortgage product is aimed at ‘Generation Rent’ customers who can manage their rent but find it hard to save for a deposit to buy a home. The lender has two products available. These include a standard five-year fixed that has a rate of 5.95% and a new build five-year fixed with a rate of 5.65%Both have a minimum loan of £125,000 and a maximum loan of £1m.