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Acre has seen a 60% leap in mortgage submissions to lenders by brokers so far this week (w/c 10 March), as geopolitical events continue to wreak havoc on the markets. Acre suggests "homeowners are getting jittery about losing out on the last sub-4.0% rates". It…
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Demand among renters has fallen by 14% over the last year, while the number of homes available for rent has increased by 11% over the same period, Zoopla reveals. Zoopla's latest rental market report show the result has been less competition between renters with 4.8…
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Hanley Economic Building Society has appointed Mark Curran as a non-executive director and chair of its risk committee. Curran brings more than 38 years of experience across retail, commercial and business banking, global payments and large-scale banking transformation. His career has included senior roles across…
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Average two- and five-year fixed rate mortgage rates have both topped 5% as the inflationary impact of the Middle East conflict causes lenders to rush to reprice. The average two-year fix is now 5.01%, up from 4.84% on March 6, while the typical five-year fix…
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Principality Intermediaries, Nottingham Building Society, Accord Mortgages and Kensington Mortgages are all withdrawing and repricing mortgage ranges. The average fixed-rate residential mortgage has now topped 5% as a result of the ongoing Middle East conflict, with many lenders reconsidering their pricing. Principality is making changes…
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