TSB Bank has revealed the details of several mortgage rate changes that it announced on 22 July. The changes concern a selection of product transfers, which have received rate cuts of up to 0.15 per cent, and residential mortgages. For two-year fixed rates for purchase, changes include: the 60 per cent LTV with £995 fee…
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According to the latest UK Property Transactions Statistics by HMRC, residential property transactions rose to 63,250 between May and June this year – a rise of 31.7%. However, largely due to the pandemic, this figure is still 35.9% lower than the same period a year earlier. On a non-seasonally adjusted basis, the number of…
Nationwide has announced that it is planning to restart its mortgage product range to include 90% LTV for first-time buyers. First-time buyers will be able to to get a Nationwide 90% LTV deal from Monday 20 July 2020. However, the deals will be available direct from the building society or through a mortgage broker. The…
On Wednesday, chancellor Rishi Sunak announced an increase in of £500,000 in the threshold for property stamp duty relief in England and Northern Ireland. The general reaction to the news among the mortgage industry was positive, with the hope that the decision will get the market moving quickly after months of struggles amid the Coronavirus…