MPowered Mortgages has cut its SVR by 0.75% from 7.49% to 6.74%. The lender’s SVR tracks the Bank of England base rate. Alongside the cut to the base rate last week, currently at 4.75%, MPowered has also lowered the tracker margin by a further 0.50%. This means that its SVR now tracks BBR at +1.99%.
Dudley Building Society has launched a range of two-year discount residential mortgage products, designed for residential customers. The products include a rate reduction of 0.61% on 75% and 90% LTV tiers and includes the reintroduction of a 60% LTV tier. Under the new products, rates now start from 5.18% (two-year discount at 3.56%) at 60% LTV, 5.38% (3.36% two-year discount) at 75% LTV and 5.58% (3.16% two-year discount) at 90% LTV.
Countrywide Surveying Services (CSS) has announced the hiring of 27 trainees via its AssocRICS trainee programme. The academy has guided over 600 trainees to become fully qualified residential surveyors and is led by head of trainee development at CSS, Sam Holton and head of professional development, Sarah Chalmers-Stevens. The cohort of property professionals join the property risk management, valuations and UK home surveys provider with four or more years of property related experience including estate agency and domestic energy assessment, plus a number of graduates with RICS accredited degrees.
AI, finfluencers and the future of broking
The mortgage industry is evolving faster than ever. In this MoneyAge video, we examine the opportunities and challenges redefining the broker landscape, from AI-powered lending and changing customer expectations to housing affordability, property supply and the rise of financial influencers. Our guest from Chorley Building Society shares practical insights on what brokers need to do to stay relevant and thrive in a rapidly changing market.
Perenna and the long-term fixed mortgage market
Content editor, Dan McGrath, spoke to head of product, proposition and distribution at Perenna, John Davison, to explore the long-term fixed mortgage market, the role that Perenna plays in this sector and the impact of the recent Autumn Budget
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 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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