Deposit Unlock mortgage scheme launches nationally
Deposit Unlock, the new mortgage scheme that allows new build buyers to purchase with a 5% deposit, launches nationally today with 17 major builders after a successful regional pilot.
Deposit Unlock, the new mortgage scheme that allows new build buyers to purchase with a 5% deposit, launches nationally today with 17 major builders after a successful regional pilot.
“As a result, some rates have gone down, and some up, as we adjust our range of residential mortgages to reflect the ever-changing market.”
Bridging Trends contributors reported a total of £190.24m in bridging loans transacted in the third quarter of the year.
After four consecutive months of falls, both the overall average two and five-year fixed rates rose by 0.04% month-on-month, to 2.29% and 2.59% respectively.
Lenders who have brought in increases recently include NatWest, Nationwide, and TSB, just today.
Newcastle Intermediaries has boosted its large loan products with the launch of new two-year fixed rate products.
The maximum LTV for joint borrower sole proprietor mortgages and for non-occupying borrowers is increasing from 85% to 95%.
“The introduction of Pepper 60 and a new LTV option at 55% is a further demonstration of Pepper Money’s commitment to improve and expand our proposition to offer a diverse range of options to support our broker partners in helping more customers."
Barclays has made a number of rate cuts and increases across its product lines.
Substantial reductions have been made to the first-time buyer and remortgage deals.