StrideUp has reduced rates on its two, five and 10-year fixed rate products by 80 bps. The 10-year fixed rates start from 5.49%, with both the two- and five-year fixed rates now start from 5.99%. The range is available up to 85% finance to value, requiring a minimum 15% deposit from the customer. StrideUp focuses on Muslims whose faith requires them to avoid paying or receiving interest. Through a home purchase plan product, StrideUp gives individuals a way to become homeowners without compromising on their values.
Mansfield Building Society has relaunched residential mortgage products linked to a lifetime discount follow-on rate that kicks in after the initial product term ends. The new rate, which is 1.74% below the society’s standard variable rate, means that after the initial product term ends, borrowers would currently pay 7.15% variable for the remainder of their mortgage. The new lifetime discount has been applied to its range of prime residential deals, including its family assist, shared ownership, retirement interest only and versatility products. The follow-on rate has no early repayment charges, meaning borrowers will still be able to remortgage to another lender or select one of the society’s loyalty deals and the end of the initial product term.
Chetwood Financial has appointed Julian Hynd as its new chief operating officer. Hynd brings over 30 years of experience in financial services to the role. Over the course of his career, he has worked for several brands including First Rand, Siemens Southern Africa, National Savings and Investments, and Ford Credit Europe, where he lend the development of UK online savings bank, Ford Money. Hynd also worked for Volkswagen Financial Services, where he led the development of their UK online savings bank, and joins Chetwood Financial from Shawbrook Bank, where he led its digital and operational transformation. As part of his new role, he will be responsible for Chetwood’s strategy in technology, operations and people, and will also help bring the firm’s ModaMortgages proposition to market later this year.
Latest News
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House price growth slows to 3% – ONS
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Inflation remains unchanged at 3.8% in September
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£8.8bn worth of BTL loans advanced in Q2
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Quilter reports third successive quarter of £2bn+ inflows
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IHT receipts total £4.39bn in six months to September
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Younger advisers more likely to work with new clients, study finds
NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?
The role of the bridging market and technology usage in the industry
Content editor, Dan McGrath, sat down with chief operating officer at Black & White Bridging, Damien Druce, and head of development finance at Empire Global Finance, Pete Williams, to explore the role of the bridging sector, the role of AI across the industry and how the property market has fared in the Labour Government’s first year in office.
Does the North-South divide still exist in the UK housing market?
What do the most expensive parts of the country reveal about shifting demand? And why is the Manchester housing market now outperforming many southern counterparts?
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
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