Rebekah Commane

1 week ago | mortgagestrategy.co.uk | David Burrows |Rebekah Commane |Becky Bellamy

For portfolio buy to let customers Precise mortgages  is offering rates reduced by up to 1%. The lender is offering portfolio landlords rates starting from 4.14% with new discounts for 55% and 65% LTVs for non-HMOs.There are simplified fee options of 2% and 4% and the lender is offering these terms for both two and five-year fixes. For non-portfolio landlords, Precise is offering rates starting from 3.59%, with 65%-75% LTV for loans of £125k-£325k available on a new limited edition range.

1 week ago | mortgagestrategy.co.uk | Rebekah Commane |Becky Bellamy

It was another week of rate cuts in the mortgage market this week, dominated by reductions from mutual lenders. According to Moneyfacts data, two-year fixed residential mortgages dipped 0.04% to an average of 5.29% in the week to 11 April, while average three-year and five-year fixes also fell 0.04% to 5.16% and 5.14% respectively in the same period. For longer-term fixes, the average across all 10 year fixed rate deals fell by as much as 0.06% to 5.51%.

1 week ago | mortgagestrategy.co.uk | Rebekah Commane |Becky Bellamy

March was a big month for the mortgage market and, despite the antics across the pond, there was a sense of optimism that good times were on the horizon again. Although the Bank of England held the base rate at 4.5%, attributing the decision to higher wage demands and trade uncertainty, lenders continued to drop rates. March also saw more innovation from lenders, including Santander, which responded to government calls for more flexibility in lending by relaxing its mortgage affordability rates.

1 week ago | mortgagestrategy.co.uk | Rebekah Commane

The UK economy performed better than expected in February, growing by 0.5%, according to latest figures from the Office for National Statistics (ONS). The growth in gross domestic product (GDP) was driven by a boost in manufacturing and production, the ONS said. It reversed a modest fall in January and was five times larger than the 0.1% growth predicted by economists. Chancellor Rachel Reeves called the latest growth figures an “encouraging sign”.

2 weeks ago | mortgagestrategy.co.uk | Leah Milner |Rebekah Commane

Hampshire Trust Bank has appointed Philip Gould as credit operations director in its development finance division. Gould joins from Avamore Capital where he was chief lending officer overseeing strategy and decisions on complex development deals. He has more than 14 years of credit experience including previous roles at peer-to-peer provider Proplend and before that at Barclays.