UK Finance: Challengers and specialist lenders take a greater share of the market | Mortgage Introducer

Challenger banks and specialist lenders took a bigger share of the mortgage market in 2017 compared to the year before, UK Finance figures show. Lenders that saw their lending levels increase include Paragon, which climbed from the 21st biggest lender to the 19th after upping gross lending by 78%. Source: UK Finance: Challengers and specialist lenders take a greater share of the market | Mortgage Introducer

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Bank of England votes 6-3 to hold base rate at 0.5% | Mortgage Introducer

The Bank of England has voted to hold the base rate at 0.5% with a 6-3 MPC split, indicating that the rate could rise in August. Three Monetary Policy Committee members, including the Bank’s chief economist, Andrew Haldane, voted to raise rates to 0.75%. Governor of the Bank of England Mark Carney voted to hold rates at 0.5%. Source: Bank of England votes 6-3 to hold base rate at 0.5% | Mortgage Introducer

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Bluestone Mortgages launches interest-only buy-to-let mortgages | Mortgage Introducer

Specialist lender Bluestone Mortgages has changed its buy-to-let mortgage range, introducing an interest-only option aimed at customers looking for reduced monthly servicing costs. Interest-only buy-to-let mortgages will be available for customers on Bluestone’s ‘Clear’ or ‘AAA’ products with a maximum LTV of 80%. Source: Bluestone Mortgages launches interest-only buy-to-let mortgages | Mortgage Introducer

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Investec cuts residential and buy-to-let tracker rates | Mortgage Introducer

Investec Private Banking has simplified its residential owner-occupier and buy-to-let mortgage ranges and reduced rates on its lifetime tracker and some select fixed rates. Residential lifetime tracker rate reductions are now up to 0.70% and fixed rate reductions up to 0.40% and it increased its loan-to-value to 80% LTV but no changes above 80% LTV were made. Source: Investec cuts residential and buy-to-let tracker rates | Mortgage Introducer

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Dudley Building Society changes expat and Right to Buy range | Mortgage Introducer

Dudley Building Society has made changes to its expat range, launched products for professionals and reduced rates on it Right to Buy product with cashback. For professionals, including those in the process of qualifying, the deal is priced at 3.79% with a fee of £1,000 and is available up to 90% LTV. Source: Dudley Building Society changes expat and Right to Buy range | Mortgage Introducer

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Landlords make over £86,000 in capital growth from selling up | Mortgage Introducer

Landlords make over £86,000 in capital growth from selling up Michael Lloyd March 12, 2018 inShareWhatsAppEmail The average landlord who sold their rental property in 2017 made a gain of £86,651 from when they bought it – which was on average 8.7 years ago. The Countrywide Monthly Lettings Index found sellers in London gained £253,981, over four times more than those selling outside the capital. Source: Landlords make over £86,000 in capital growth from selling up | Mortgage Introducer

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First-time sellers see interest rate rises as biggest challenge | Mortgage Introducer

First-time sellers see interest rate rises as biggest challenge to moving up the property ladder, Lloyds Bank found. Lloyds Bank’s annual Second Stepper report found one in three (35%) of these households believe it will be more difficult to sell their home this year. This is with worries over the economy, the size Source: First-time sellers see interest rate rises as biggest challenge | Mortgage Introducer

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‘Golf ball’ venue in Stratford to push up local house prices | Mortgage Introducer

Golf ball’ venue in Stratford to push up local house prices Michael Lloyd February 28, 2018 inShareWhatsAppEmail A huge entertainment venue nicknamed the ‘golf ball’ and planned for London’s East End will be a boost to local house prices as the Capital’s Olympic legacy continues. Source: ‘Golf ball’ venue in Stratford to push up local house prices | Mortgage Introducer

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Open Banking goes live from tomorrow | Mortgage Introducer

Open Banking hits the market tomorrow – which will allow companies to access peoples’ bank or building society data once given permission by the customer. Nine of the biggest UK lenders – Lloyds, RBS, Barclays, HSBC, Santander, Danske, Allied Irish Bank, the Bank of Ireland and the Nationwide Building Society – must share transaction history data if requested in a standard format. Source: Open Banking goes live from tomorrow | Mortgage Introducer

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