Nationwide to allow first-time buyers to borrow six times their …
Sep 23, 2024 · David Hollingworth, associate director of communications at L&C Mortgages, said: “Helping Hand has been a front runner in expanding the range of options open to first-time buyers who continue to struggle with affordability. Building an adequate deposit is hard enough, especially when the available mortgage borrowing is capped, and prices remain high.
Duffy steps down as Virgin Money CEO as Nationwide completes …
Oct 1, 2024 · Nationwide has completed its buyout of Virgin Money, becoming the second-largest provider of mortgages and savings accounts in the UK. As part of the acquisition, David Duffy, chief executive and executive director of Virgin Money, has departed his role, and he has been succeeded by Chris Rhodes.
Autumn Budget 2024: Stamp duty to rise to 5% on second homes, …
Oct 30, 2024 · Stamp duty is increasing from 3% to 5% on second homes from tomorrow, costing landlords an extra £7,000 on an averagely priced property. Chancellor Rachel Reeves announced the surprise tax increase in the Autumn Budget, claiming it would help first …
Mortgage rate war comes to possible ‘halt’ as swap rates creep up
Oct 9, 2024 · The recent mortgage rate war seems to have ended as swap rates rose above 4% this week. According to Chatham Financial, the two-year swap rate was 4.06% as of 7 October, while the five-year swap rate was 3.81%.. These were both higher than respective rates of 3.91% and 3.56% in September.
Nationwide’s mortgage rates fall below 4% - Mortgage Solutions
Jul 23, 2024 · Nationwide’s five-year fixed rate at 60% LTV with a £1,499 fee will reduce by 0.2% to 4.34%, and for its £999 fee version, the rate will go down by 0.2% to 4.39%.
Barclays cuts residential and buy-to-let mortgage rates
Jul 4, 2024 · For borrowers wanting a five-year fix, the corresponding options at 65% LTV are priced at 4.34% with a £1,795 fee and 4.58% with no fee. For the option over 75% LTV, the rate on the fee-free deal will be cut from 5.75% to 5.55%.
BM Solutions adds products and lowers select rates
Sep 4, 2023 · Its five-year fixed rate remortgage at 65 per cent LTV with a £3,999 fee has decreased by 0.31 per cent to 5.18 per cent. Leigh Church (pictured), head of BM Solutions, said: “In a challenging market, we continue to support the buy-to-let sector wherever we can. These new products and lower rates will offer greater choice for …
Coventry BS to buy Co-op Bank for £780m - Mortgage Solutions
May 24, 2024 · Coventry Building Society said it would remain a mutual and was committed to being an independent, member-owned building society. The Co-op Bank will be integrated into the mutual “gradually over the years” and, during this period, …
HSBC, Barclays and NatWest slash mortgage rates – round-up
Oct 3, 2024 · Barclays, HSBC and NatWest have all announced reductions to their mortgage rates, effective from Friday 4 October. HSBC has lowered pricing by as much as 0.16% on two- and five-year fixes for residential homemovers and first-time buyers, and has made cuts of up to 0.25% on buy-to-let (BTL) mortgage rates.
Mortgage Solutions
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