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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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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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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Government claims stamp duty cut has helped 16,000 first-time buyers | Mortgage Introducer

The government has claimed that more than 16,000 first-time buyers have saved thousands of pounds as a result of the stamp duty changes. In November’s Autumn Budget Chancellor Philip Hammond abolished stamp duty for first-time buyerson homes costing up to £300,000. For properties up to £500,000, people would not need to pay stamp duty on the first £300,000. Source: Government claims stamp duty cut has helped 16,000 first-time buyers | Mortgage Introducer

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