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Home loan lending will fall and arrears will rise next year, as higher interest rates and household costs continue to limit access to mortgage credit, according to UK Finance. Gross mortgage loans are predicted to fall 5% to £215bn in 2024, says the banking trade body’s mortgage market forecast, adding that next will
Back in 2017, the Conservative government made a promise that 300,000 homes would be built annually in England until the mid-2020s, to help tackle the chronic lack of housing. Although devolved regions were able to set their own targets, the policy was established to address the lack of affordable housing — a problem
Target Group says it has cut decision-in-principle waiting times “from up to eight weeks down to just seconds” for lenders who use its Mortgage Hub system. The business process servicing firm says its method uses open banking to provide accurate income, expenditure and property valuation information, at the
Good morning and welcome to your Morning Briefing for Friday 10 November 2023. To get this in your inbox every morning click here. War in Ukraine created ‘perfect storm’ for ESG investing The “perfect storm” for environmental, social and governance (ESG) investing was triggered by the war in Ukraine, according to
Target Group is officially launching the Mortgage Hub, its mortgage originations system. Over two years in development, the system has been built to be user-centric rather than product-centric. The lender and broker get a single view of what is happening on every case so both know exactly what is happening at any