Latest news for mortgage brokers and introducers - Introducer …
Rightmove becomes a bigger player for lenders and brokers. Mortgage arrears drop despite small rise in possessions. Bridging loans continue record-breaking growth. Renovation not relocation – house prices deter movers. Bank of England “navigating treacherous waters” over rate decision.
Bridging Market shows strong performance in Q3 - Introducer Today
1 day ago · Bridging Trends suggests this is a positive sign that signals improvement in operational efficiency alongside a 9% boost in total gross lending, with contributors recording an increase from £201.8m in Q2 2024 to £220.8m in Q3 2024. This is continuing the positive upward trend seen throughout the year and suggests market resilience during ...
Rightmove becomes a bigger player for lenders and brokers
3 days ago · Rightmove says it’s enjoyed a 150% rise in mortgage leads for lenders and brokers over the past year. In a trading update at the start of the weekend, the portal posted revenue of some £390m for the four months to the end of October. The update says: “Our strategic growth areas of mortgages, commercial property, and rental services ...
Second Charge mortgages becoming much more popular – new …
Analysis of official data from the Bank of England and Finance & Leasing Association reveals that second charge mortgage lending to UK consumers grew 17% year-on-year in H1 2024. As a result, second charge mortgages recorded the fastest growth rate of any market segment, beating the 13% growth in first-time buyer lending and 5% growth in ...
Specialist lender snapped up by property and financial platform
1 day ago · Fast-growing property and financial services platform OneDome wants to acquire specialist mortgage provider Albany Park. The purchase of Albany from Hatbox Group is pending regulatory approval by the Financial Conduct Authority; if it goes ahead it will marks what OneDome calls “a significant step in its mission to simplify the home-buying process and expand its suite of services within the ...
Reeves will ditch stamp duty perk for first time buyers – report
Under the scheme first announced when Liz Truss was Prime Minister, first-time buyers pay no stamp duty tax for properties under £425,000. It is expected that Reeves will reinstate the figure at £300,000 in a move which The Times predicts will raise £1.8 billion a year for the Treasury by 2029-30. First-time buyers purchasing homes priced ...
Transactions to rise but mortgage rates and taxes will dampen …
3 days ago · Hamptons says house prices will rise by 3.0% across Britain next year, followed by 3.5% in 2026 and 2.5% in 2027 as the affordability picture improves. But it has downgraded longer term growth due to high interest rates and taxes bearing down on the market. The agency claims that 2025 will mark the beginning of a new property market cycle.
Increasing mortgage options for first time buyers
5yr 5.03% Fixed LTV 95%. 5.03%. £0. Katie Brain adds: “There’s also some uncertainty around the stamp duty threshold. It’s currently £425,000 for first time buyers but this could potentially drop to £300,000 in April 2025, depending on the budget announcements at the end of this month.
Breaking News Archives - Introducer Today
Nov 6, 2024 · Breaking News. Here is today’s latest news from the world of mortgages and introducers. Join the debate by leaving a comment below a story. Remember, you will need to be logged-in to do this. Written by Graham Norwood.
Clarity on mortgage guarantee scheme wanted by brokerage boss
The founder of a brokerage has made a plea for this week’s Budget to produce more clarity on the government’s pledge to enhance the existing mortgage guarantee scheme. Joseph Lane, founder of Mortgage Lane, says much of Wednesday’s fiscal statement is expected to focus on property related topics such as stamp duty, inheritance tax, and ...