Patrick Bamford, head of international business development at Qualis Credit Risk, explores whether the recent Bank Rate cut will act as a catalyst to develop dormant demand/activity...
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Rates have reduced by up to 0.30%.
Two-year fixed rate mortgages now start from 2.68%.
The Society has reduced residential rates by up to 0.52%.
The consortium formed private limited company Bidco for the purposes of the acquisition.
Halifax is the fourth 'Big Six' lender to launch a five-year fixed rate below 4% this week.
Adviser confidence in outlook for the mortgage market, intermediary sector and own business all rose in Q1.
Homeowner and buy-to-let properties in early arrears fell by 3% and 6% respectively.
Five-year fixed rates and portfolio multi-loan products will reduce by 10bps.
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