Renters, Landlords and Regulatory Change
The private rented sector faces both affordability innovation and potential new property-condition obligations. The government has opened a consultation on extending Awaab’s Law to private rented homes, which could introduce stricter repair deadlines for landlords. Separately, Market Harborough Building Society has launched a Rent to Own initiative allowing eligible tenants to put 60% of rent […]
Conveyancing Delays Put Offers at Risk
Longer conveyancing timelines are increasing the risk of mortgage offers expiring before completion. In a Lyons Bowe Solicitors survey cited by Mortgage Strategy, 42% of recent homebuyers identified conveyancing as the largest source of delay. This is especially significant when lenders are repricing frequently and borrowers may face a less favourable rate if an offer […]
AI Case Management Reaches Lenders
Mortgage technology is moving from search and sourcing into case progression. Nivo has launched an AI-powered case-management service for intermediated specialist lenders, designed to coordinate applications from initial broker enquiry through underwriting and completion. New Leaf Network has also renewed its Twenty7tec partnership for a further three years, underlining the continuing importance of adviser technology […]
Swap Rates Pressure Fixed Deals
Mortgage pricing is becoming more uneven as swap costs rise. Generation Home is increasing selected three- and five-year products by up to 15 basis points, while Moneyfacts reports that the average two-year fixed rate has edged up to 5.97%. Typical five-year fixed pricing has also reached 6% in parts of the market, despite reductions from […]