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OSFI to eliminate stress test for uninsured mortgage switches starting November 21 - Mortgage Rates & Mortgage Broker News in Canada

Mortgage Broker
Mortgage Advisor
1 year ago

OSFI has confirmed that it will remove the requirement for lenders to apply the Minimum Qualifying Rate (MQR) to straight,.. Read More;

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TSB did not breach mortgage prisoner contracts, High Court rules Mortgage Strategy

Mortgage Strategy
Mortgage Advisor
1 year ago

TSB did not breach the terms of its home loan deals with hundreds of ‘mortgage prisoners,’ the High Court ruled,.. Read More;

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Noble to replace Mielczarek as CEO of Chetwood Mortgage Strategy

Mortgage Strategy
Mortgage Advisor
1 year ago

Andy Mielczarek is stepping down as CEO of digital bank Chetwood Financial, with Paul Noble announced as his replacement, subject,.. Read More;

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The Mortgage Works and Halifax announce rate reductions Mortgage Strategy

Mortgage Strategy
Mortgage Advisor
1 year ago

The Mortgage Works and Halifax have announced rate cuts will be made, effective 26 September. The Mortgage Works is reducing its,.. Read More;

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Catalyst launches AVM and desktop bridging range Mortgage Strategy

Mortgage Strategy
Mortgage Advisor
1 year ago

Specialist lender Catalyst has introduced new automated valuation model (AVM) and desktop valuation bridging products. Collaborating with Rightmove AVM and VAS,.. Read More;

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Hope Capital promotes Holt to operations and finance manager Mortgage Strategy

Mortgage Strategy
Mortgage Advisor
1 year ago

Hope Capital has promoted Charlotte Holt to operations and finance manager. Holt joined Hope Capital in 2021 as finance coordinator and,.. Read More;

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Bank should adopt cautious approach to further rate cuts: MPCs Greene Mortgage Strategy

Mortgage Strategy
Mortgage Advisor
1 year ago

The Bank of England should take a “steady-as-she-goes approach” to further base rate cuts to avoid driving up wages and,.. Read More;

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Average two-year fixes down 114bps from year ago: Rightmove Mortgage Strategy

Mortgage Strategy
Mortgage Advisor
1 year ago

Two-year fixed mortgage rates have gone down by 114 basis points compared to a year ago, the latest mortgage tracker,.. Read More;

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Major lenders slash mortgage processing times 30%: Finova & MSO Mortgage Strategy

Mortgage Strategy
Mortgage Advisor
1 year ago

High-street lenders have reduced their average application processing time by 30%, from 14 days in 2022 to just 10 days,.. Read More;

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Lomond snaps up lettings arm of Aberdein Considine Mortgage Strategy

Mortgage Strategy
Mortgage Advisor
1 year ago

Lomond has acquired the lettings arm of Scottish law firm Aberdein Considine. The latest deal will see it acquire 1,700 residential,.. Read More;

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Square 4 joins Equity Release Council Mortgage Strategy

Mortgage Strategy
Mortgage Advisor
1 year ago

Financial services and operations consultancy Square 4 has joined the Equity Release Council. The firm offers regulatory advice and resources across,.. Read More;

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Rightmove rejects third

Mortgage Strategy
Mortgage Advisor
1 year ago

Rightmove has rejected a third bid of £6.1bn for the property portal from an Australian rival owned by Rupert Murdoch. Earlier,.. Read More;

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