Historical interest rates in the UK, 1979-2017: rise and fall
WEBMar 29, 2018 · 2007-2017. Under the impact of the global financial crisis, the base interest rate fell to its lowest level for 300 years. Starting at 5.75 per cent in July 2007, rates had fallen to 0.5 per cent by March 2009, with a further fall to 0.25 per cent in August 2016. There was a very slight rise back to 0.5 per cent in November 2017.
Mortgage strategy: UK latest mortgage news
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The latest breaking UK mortgage news | Mortgage Strategy
WEBMortgage News. Mortgage Strategy offers the latest breaking UK mortgage news, covering mortgage rates, house prices, buy-to-let rates, mortgage products and other news around mortgage brokers, mortgage advisers and the mortgage industry as a whole. economy.
Co-op Bank completes mortgage migration from Platform
WEBRoger Baird 15 February 2024. The Co-operative Bank has migrated 120,000 mortgage customers from its Platform hub to the new The Co-operative Bank for Intermediaries mortgage brand. The lender says the move is part of a wider technology upgrade, “which will see the bank retire the majority of its legacy systems and data centres” later this ...
FTBs lack understanding around shared ownership: TML
WEBBecky Bellamy 28 May 2024. Only 35% of prospective first-time buyers (FTBs) can accurately define shared ownership, The Mortgage Lender (TML) reveals. TML suggests that some knowledge gaps could be preventing FTBs from taking steps towards their property goals. The lender’s research shows that 17% of FTBs thought that shared ownership meant ...
Advise Wise launches later life best practice package
WEBRoger Baird 18 September 2023. Advise Wise has launched a package to ensure that later life sales are in line with best practice guidelines, in the wake of the regulator’s critical review of marketing in the sector. The equity release platform says its fact find and suitability letter system offers guidance to “ensure that equity release ...
Halifax launches vulnerable customer advice service
WEBRoger Baird 14 August 2023. Halifax has upgraded its vulnerable customer advice service to allow brokers to pass on details about clients who may need help managing their home loans. The country’s largest lender says it has “introduced a simple process” for brokers “to advise us if a customer requires additional support, whether they ...
News analysis: Reflections and aspirations – Mortgage Strategy
WEBDec 20, 2023 · News analysis: Reflections and aspirations. What a year — the consequences of the Mini-Budget, the arrival of the Consumer Duty, the FCA’s review of the later-life market. Will 2024 be less stressful? Rebekah Commane 20 December 2023. As 2023 draws to a close and we begin to reflect on the past 12 …
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Sourcing systems struggle – Mortgage Strategy
WEBOct 1, 2007 · Sourcing systems struggle. The concept of sourcing systems for commercial mortgages is proving hard to bring to reality because of the complex products and criteria, says Natalie Martin. But the few systems now in the market can be a good starting point for brokers new to the sector if used with care. System Administrator 1 October 2007. S ...