Coventry for Intermediaries has reduced its buy-to-let (BTL) reference rate. The lender says the changes benefit those looking to purchase, remortgage, and port an existing BTL mortgage. For all customer types, the new reference rate on a five-year fixed rate or higher will be 5.5% or the product rate, whichever is
Gen H will launch a product range for first-time buyers (FTBs) that combines its mortgage and legal services under one roof, effective tomorrow. The lender’s FTB bundle includes access to a conveyancing service provided by Gen H Legal, exclusive reduced mortgage rates on two-, three- and five-year fixed rate products
The value of new mortgage commitments made during Q3 2022 was £87.8bn, shows new Bank of England (BoE) data – a 4.5% jump on the previous quarter and the highest value seen since Q3 2007. At the same time, the outstanding value on all residential mortgages grew from £1.65tn to £1.67tn. The BoE’s latest report, its