OneDome snaps up Coreco – Mortgage Finance Gazette
Dec 5, 2024 · OneDome has acquired Coreco Group for a “seven-figure sum” pending approval by the FCA. Coreco directors Andrew Montlake and Julian Ingall and the existing management …
Budget 2024: Right to Buy scaled back and social rents to climb
Oct 30, 2024 · She said: “We will put the right policies in place to increase the supply of affordable housing, having heard representations from local authorities, social housing providers and …
Tough month for UK housebuilders: PMI – Mortgage Finance …
Dec 5, 2024 · “In fact residential construction has contracted for two months in a row, and November’s decline was the fastest seen since summer. “With residential developers still …
Mortgage defaults are rising, say lenders: BoE
Oct 10, 2024 · In the second quarter of the year, there were 96,070 homeowner mortgages in arrears of 2.5% or more of the outstanding balance in the second quarter of 2024, broadly …
BoE rate hold as expected but hopes for cuts in 2025
Dec 19, 2024 · He added: “The news might trigger some negative responses, particularly among property buyers holding out hope for lower mortgage rates. However, Governor Bailey has …
Barclays debuts FTB deals, cuts rates by up to 50bps
Oct 3, 2024 · Two-year premier fixes, with a £899 fee, at 60% LTV, down by 23bps to 3.96% — minimum loan £5,000, maximum loan £2m; Five-year premier fixes, with a £999 product fee, …
Barclays reduces rates by up to 0.50% – Mortgage Finance Gazette
Oct 10, 2024 · For purchase and remortgages, the two-year fixed at 75% LTV and a product fee of £1,999 has been lowered from 4.65% to 4.34%. It has a minimum loan of £2 million and …
Landlords upbeat over portfolios for year: Butterfield
Oct 14, 2024 · This is according to Butterfield Mortgages whose survey of 501 UK landlords with BTL mortgages, found that two-thirds (60%) are optimistic – both in terms of capital growth …
TSB fined £11m over treatment customers in arrears: FCA
Oct 10, 2024 · The City watchdog says the high street bank “lacked suitable systems and controls to secure fair outcomes for these customers”. Apart from a £10.9m fine to the regulator, it has …
J.C. Flowers acquires Pepper Global’s credit management business
Nov 5, 2024 · The transaction is expected to complete in the first quarter of 2025, pending regulatory approvals and other customary closing conditions. Following the transaction …