Hunt to discuss support with mortgage lenders as repayments crisis looms Housing Chancellor Jeremy Hunt is set to meet with mortgage lenders to discuss support for homeowners as a repayments crisis looms. Various calls have been made for the government to step in to help struggling borrowers – but Hunt said ministers would not provide financial support which would fuel inflation. Average costs for a two-year fixed-rate [...]
Mortgage lenders withdraw some products after mini-budget market turmoil Property turmoil By PA Banks and building societies are withdrawing some of their mortgages from sale after the Government’s mini-budget on Friday sparked massive market turmoil. Three lenders have so far withdrawn some of their products amid the uncertainty. Virgin Money said: “Given market conditions we have temporarily withdrawn Virgin Money mortgage products for new business customers. [...]
Remortgaging rates tick up as lenders bet on ‘captive audience of existing customers’ Mortgages Mortgage lenders are increasingly raising rates on their home loan products amid uncertainty over the UK economy.
Mortgage rates are going back UP – but where will they end up? February 23, 2024 A number of mortgage lenders are raising their costs again in a move which will “bring further tears to the eyes of the general public”.
Square Mile and Me: Perenna CEO Arjan Verbeek on disrupting the mortgage market April 4, 2024 Arjan Verbeek, founder and CEO of mortgage lender Perenna, takes us through his career, from The Hague to the City.
Lendinvest: Fintech lands £500m investment from JPMorgan September 10, 2024 Property fintech Lendinvest has added £500m to a funding deal with JPMorgan as it looks to return to profitability after a rough year for mortgage lenders.
Revolut: Fintech brings in former Deutsche Bank executive as new UK chief November 2, 2023 Francesca Carlesi joins the firm from Molo, the UK's first fully digital mortgage lender, bringing experience from the world of banking and fintech.
Brits hurt by most ‘unfriendly’ mortgage market in the world: lending boss October 22, 2023 The UK's mortgage market is one of the most "consumer unfriendly" markets in the world due to the prevalence of short term deals, boss of new mortgage lender Perenna told City AM.
Paragon Banking: Buy-to-let specialist posts surge in profit and raises buyback June 5, 2024 Paragon Banking Group, one of Britain's leading buy-to-let mortgage lenders, has reported a surge in profit and boosted its share buyback programme, despite a drop in home loan volumes as higher interest rates put off borrowers.
Ex-pensions minister: ‘Serious questions’ for lenders as ultra-long mortgages surge May 13, 2024 Young homebuyers are at risk of falling into poverty in older age, a former pensions minister has warned, as fresh data suggests more than one million new mortgages over the last three years were issued with end dates beyond the state pension age.