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First Time Buyers have been warned of the hidden costs that come with homebuying. Aldermore estimated that first time buyers (FTBs) will need to set aside nearly £4,000 to cover the additional cost that comes with purchasing property. The lender’s latest First Time Buyer Index survey revealed that the true cost of
MPowered Mortgages has launched a range of Remortgage Legal Assistance products which cover standard legal fees for remortgages on registered land along with a free valuation. It said the new products, which mirror the existing Remortgage Cashback products, will allow borrowers the option of covering the costs of
Broker L&C Mortgages has moved to its new Bath headquarters. L&C said the move from Beazer House, where it was base for more than 20 years, marks an “exciting new chapter” for the firm. The new offices are based in the Newark Works development on the Bath Quays. It was designed and created by Bath-based
National brokerage Just Mortgages has appointed Shey Wade to the role of digital marketing manager. Wade will support Just Mortgages’ brokers in both the employed and self-employed divisions as well as advisers at Just Wealth – its financial services arm. His remit will also include surveying division Valunation and
One Mortgage System (OMS) has joined Mortgage Marketing Forum. OMS said the membership demonstrates its continued partnership with lenders and brokers. OMS is an end-to-end platform which covers product areas such as residential, buy-to-let, second charge, equity release, bridging, commercial plus general insurance,
Halifax has revealed the 10 local areas of Britain with the strongest house price growth over the last year. The bank’s latest research found that more than 70 local authority areas have bucked the national trend with rising property prices. Powys in Wales has seen the strongest growth (+17.4%) over the last 12
Hanley Economic Building Society has launched a fee-free two-year fixed rate product with a headline rate of 5.55%. This product is available up to 75% loan-to-value for purchase and remortgage purposes. It includes a free valuation alongside no application or arrangement fees. It also features a £250 contribution to
Paragon Bank has announced reduction on its five-year fixed-rate buy-to-let mortgages by 20 basis points (bps). The reduction will see rates start at 6.10% for single self-contained (SSC) properties with an Energy Performance Certificate ratings of A-C. And increase by 5bps for purchasing or remortgaging properties
Skipton Building Society has appointed Jen Lloyd as head of its mortgage product and propositions. Lloyd, who was previously the Society’s Senior Mortgage Product Lead, takes up the role after a successful interim period. She replaced Charlotte Harrison, who was promoted to CEO of Skipton’s Home Financing Division.