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Weekly rate watch: Five-year fix drops 11 basis points

The end of November hosted another week of rate drops across all fixes, shows Moneyfacts data, with the five-year fix showing the largest average reduction, at 11 basis points, taking the rate to 5.79%. Elsewhere, the average rate for a two-year fix fell 9 basis points, to 6% and the average three-year fix lost 3 […]

Vida promotes Cawthra to head of intermediary relationships

Vida has appointed Helen Cawthra to the new position as head of intermediary relationships. Her new role follows the launch of a new centralised decisioning unit at Vida. Vida says V-Hub connects brokers directly to decision-makers who can deliver end-to-end case management and support service. Led by Cawthra, the new hub will be supported by […]

Halifax Intermediaries reduces remortgage rates by up to 72bps

Halifax Intermediaries has reduced rates within its remortgage range by up to 72 basis points.  The two-year fixed 85% loan-to-value (LTV) with no fee has been reduced by 0.46% from 6.30% to 5.84%.  The five-year fixed 60% LTV with no fee has been reduced by 0.76% to 5.05% from 5.77%.  The two-year fixed 75% LTV […]

Nick Simmons and Magnus Duke Dadzie launch mortgage brokerage

A new mortgage brokerage The Finance Company (TFC) is being launched by Nick Simmons, backed by TAB founder and chief executive Duncan Kreeger. Simmons, who will take on the role of managing director, will shape TFC’s proposition, manage the company’s operations and provide strategic guidance to ensure objectives are met.  He will also maintain introducer […]

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Housing completions down 16%: ONS

There were 14,812 housing starts on site and 12,118 housing completions delivered through programmes managed by Homes England in England between 1 April and 30 September.  The number of housing starts represented a decline of 1,303 (8%) compared to 16,115 in 2021 during the same period.  Housing completions decreased by 2,275 (16%) compared to 14,393 […]