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It's "raining product transfers" say brokers, due to affordability and lenders pricing in line with new business ranges

The reasons are affordability issues and, given reduced transaction levels, lenders “pricing their product transfers in line with their new business ranges”. ....

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Sourcing systems trying 'to be too clever' ‒ analysis

Sourcing systems must focus on providing brokers with more accurate information, and stop trying to do too much, intermediaries have argued. ....

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A quarter in and 2023 'better than expected', but brokers still wary ‒ analysis

The year has been stronger than expected so far for the mortgage market, brokers have suggested, with stabilising interest rates meaning that borrowers who ‘disappeared’ following the mini-Budget are back exploring their options. ....

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Specialist lender acquisitions could be more 'common' and 'win-win' – analysis

Specialist lender acquisitions could be more 'common' and 'win-win' – analysis
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NatWest increases overpayment allowance to 20% – Mortgage Strategy

NatWest has made changes to allow new and existing mortgage customers to make an overpayment of up to 20% without incurring an early repayment charge (ERC). The overpayment allowance, which has increased from 10%, will renew annually on the anniversary of the product draw down. This increase will apply to customers ....

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