Meanwhile, the average rate for a three-year fix gained 5 basis points, moving to 5.91%,

Meanwhile, the average rate for a three-year fix gained 5 basis points, moving to 5.91%, while the average rate for a five- and 10-year fix were static, at 5.63% and 5.47%, respectively.

Two-year fixes

The biggest change within this fix took place at 60% LTV, where the average rate lost 8 basis points to come to 5.39%.

Of those who remortgaged last month, 44% increased their

Of those who remortgaged last month, 44% increased their loan size, while 73% took out a five-year fix.

The most popular reason for remortgaging was to gain longer term security, with 38% giving this as a reason.

An LMS spokesperson says: “While most metrics fell in November, the pipeline grew as people are beginning to consider new products before their current deals expire. The overall decline in activity was to be expected after the huge increase we saw in October as people hurried to lock in products before they were withdrawn, and with the impact of the Autumn Statement leaving many wondering what it means for their payments – many are biding their time and seeing how the rest of the year plays out before instructing.

Throughout 2022, staff at the Tipton pulled out all the stops to raise much needed funds for the charity, which relies on support from local people and businesses. 

Monies were raised through various charity activities including mufti days, raffles, a Tipton Bake Off and more. In August, a team

Throughout 2022, staff at the Tipton pulled out all the stops to raise much needed funds for the charity, which relies on support from local people and businesses. 

Monies were raised through various charity activities including mufti days, raffles, a Tipton Bake Off and more. In August, a team of 16 staff from the Tipton completed an eight-hour spin cycle challenge, clocking up over 100km to coincide with the Birmingham Commonwealth Games. 

Tipton charity committee member Fazlul Haque says:  “This has been another great team effort by the staff at the Tipton who have pulled out all the stops in 2022 to raise much needed money for the Midlands Air Ambulance Charity. The helicopters and staff at Midlands Air Ambulance do such as fantastic job helping people in need but without any government support or funding, so we hope this donation will help make a difference.” 

It adds that quarterly price inflation has “slowed quickly”, specifically, from over 2% in the first half of this year to 0.3% over the last three months – “an annualised growth rate of just 1.4%”. Zoopla expects this to turn negative by mid-2023.

The report also says that buyer demand is down 50% on the

It adds that quarterly price inflation has “slowed quickly”, specifically, from over 2% in the first half of this year to 0.3% over the last three months – “an annualised growth rate of just 1.4%”. Zoopla expects this to turn negative by mid-2023.

The report also says that buyer demand is down 50% on the year before while new sales agreed dropped by 28%.

On top of this, the margin between a property’s asking price and the discount being accepted is at an average of 4% – in early October, this stood at zero.

The lender adds it is withdrawing its 95% loan to value two-year fixed-rate

The lender adds it is withdrawing its 95% loan to value two-year fixed-rate deal, although the 95% LTV two-year tracker and five-year fixed-rate offer remains.  

Among its product transfers, it has cut all residential five-year fixed rates by between 5 basis points and 25 basis points and will withdraw all seven-year fixed-rate loans. From tomorrow, product transfer rates will be available for customers whose existing deal ends before 5 March next year.  

Highlights among the lender’s residential purchase-only range include a 75% LTV five-year fixed-rate loan at 5.49%, with a £999 fee – reduced by 50 basis points.  

In September 2017, there were 148,874 companies

In September 2017, there were 148,874 companies set up to hold BTL properties compared to a count of 302,404 in September this year.

And this has risen from 260,862 from just one year ago. Hamptons expects this year to be a record one for incorporations of this type because it sees many existing landlords moving from having personal holdings to company holdings to offset higher mortgage interest rates against their tax bill.

The firm estimates that 40% of new BTL purchases are now made through a corporation.

The average 10-year fix lifted by 71 basis points to

The average 10-year fix lifted by 71 basis points to 5.39%, and an average two-year fix lifted by 43 basis points to 5.17%.

The average five-year fix rose by 26 basis points to 5.10%.

The market for available products has shrunk dramatically over the year and in the last week.   

Data shows that net mortgage borrowing is still above the pre-pandemic average of £4.3bn in the year to February 2020.

Gross lending showed little change last month at £25.4bn, down from £26bn in July.

Mortgage approvals for house purchases increased sharply to 74,300 in August from 63,700 in July.

The criteria search platform will send out daily emails every evening with a summary of

The criteria search platform will send out daily emails every evening with a summary of changes on both criteria and products and live on-screen banners will also allow brokers to see product changes in real-time.

The move comes as 41% of mortgage products have been pulled since Chancellor Kwasi Kwarteng’s tax-cutting mini-Budget last Friday sparked volatility in the sterling funding market, according to Moneyfacts.

The platform says: “Some product sourcing systems and even lenders themselves have admitted they are struggling to keep up with the changes due to their manual update processes. 

House prices in the UK

House prices in the UK rose 9.5% in the year to September, says Nationwide, which compares to 9.5% recorded for August.

With precisely zero growth noted from August to September – the first month not to see a rise since July 2021 – the average price now rests at £272,259 says the lender.

Nationwide adds that 10 out of 13 regions saw price rises slow in Q3 2022, although the poorest-performing region, London, still racked up 6.7% annual growth for the quarter.

The move comes after the lender temporarily withdrew several mortgage ranges

The move comes after the lender temporarily withdrew several mortgage ranges for new customers on Monday due to volatile sterling funding markets, following Chancellor Kwasi Kwarteng’s tax-cutting mini-Budget last week. A host of other large and small lenders took the same action.

Virgin says its new core residential two, five and 10-year fixed-rate loans are available up to 95% loan-to-value from 5.29%. 

Its residential range includes a 90% LTV two-year fixed-rate loan, with a £995 fee, at 5.69% that comes with £300 cashback. It also carries a free valuation and free legals for remortgages.