Barclays cuts residential and buy-to-let mortgage rates
WEBJul 4, 2024 — Barclays has reduced mortgage rates across its residential and buy-to-let (BTL) deals, the second round of pricing cuts in as many weeks. For existing borrowers, its premier purchase five-year fixed mortgage at 60% loan to value (LTV) with an £899 fee has been lowered from 4.25% to 4.22%. The loan size for …
Mortgage Solutions
WEBAs the news filtered through that the Bank of England’s Monetary Policy Committee (MPC) hadn’t followed the path of the US Fed in cutting rates, I couldn’t help feeling a slight sense of disappointment – albeit expected disappointed – that advisers didn’t have a further morale-boosting rate cut message to push out to clients, not least because these cuts do tend to cut through and ...
BM Solutions launches new mortgage application system
WEBOct 23, 2020 — BM Solutions is rolling out a new online mortgage application system with features designed to improve the application process for intermediaries. Initially, the system will only be available for new mortgage business, including buy-to-let purchases, let-to-buy and remortgage applications. Product transfers, further advances and transfer of ...
Halifax reduces rates by 0.45 per cent - Mortgage Solutions
WEBJan 10, 2024 — Halifax has lowered two and five-year fixed rates for homebuyers and movers by up to 0.45 per cent, bringing some deals under five per cent. Its two-year fixed rate at 60 per cent loan to value (LTV) has fallen from 4.62 per cent to 4.29 per cent. At 80 per cent LTV, the cut is from five per cent to 4.57 per cent and at 85 per cent the fall is ...
The lowdown on swap rates – explainer - Mortgage Solutions
WEBMay 19, 2022 — Introducing the Green Living Reward. According to Chatham Financial, the current two-year Sterling Overnight Interbank Average Rate (SONIA) swap rate is 2.15 per cent, while a five-year equivalent sits at 2.03 per cent. The 10-year swap rate is priced at 1.85 per cent. This is very high compared to 18 May …
Barclays slashes mortgage rates by up to 0.43 per cent
WEBDec 19, 2023 — High street lender Barclays will lower mortgage rates by up to 0.43 per cent across its residential, buy-to-let purchase and remortgage ranges along with its reward ranges. The lender said that it had reviewed its offering against “market funding conditions” and the changes to its mortgage rates come into effect from tomorrow.
Ex-Bradford and Bingley and Mortgage Express ... - Mortgage …
WEBFeb 13, 2018 — The borrowers, many of which have multiple mortgages, began receiving letters with details of the transfer to its subsidiary Topaz Finance Limited under the trading names, Jasper Mortgages and Rosinca Mortgages this month. Buy-to-let borrowers reported receipt of the letters on a property forum, …
Coventry BS to buy Co-op Bank for £780m - Mortgage Solutions
WEBMay 24, 2024 — The cash needed to acquire The Co-op Bank will be funded from Coventry Building Society’s existing cash resources at completion. ‘A transformational moment for members and customers’. The acquisition is subject to regulatory approval and is expected to complete early next year. Of the cash consideration, up to £125m will be deferred for ...
Barclays completes acquisition of Kensington Mortgages
WEBMar 1, 2023 — Barclays reached an agreement to acquire Kensington Mortgages in June last year, following reports that Barclays, Starling Bank, M&G and Pimco were bidding for the specialist lender’s assets.. In June, it was said that the bank expected to pay around £2.3bn for the specialist lender, but the exact consideration is dependents on the value of Kensington Mortgages’ portfolio upon completion.
Halifax makes changes to income and affordability criteria
WEBJul 7, 2020 — Halifax Intermediaries has reduced the amount of bonus, overtime and commission income it will use to support mortgage affordability while speeding up its underwriting process for self employed applicants. From 8 July, the bank will reduce the amount of bonus, commission and overtime income it …