Shekina Tuahene

Mortgage approvals for house purchases totalled 68,300 in October, the highest level since August 2022, when this reached 72,200.

Stephanie Charman, current group partnerships and propositions director at Sesame Bankhall Group has been named CEO of AMI.

Specialist buy-to-let (BTL) lender Zephyr Homeloans has reduced two- and five-year fixed rates by 0.1%.

Some 50% of mortgage borrowers, or 4.4 million, are set to see higher interest rates when refinancing over the next three years, the central bank said.

Advice firm and digital savings and mortgage platform Tembo has raised £14m to help more first-time buyers save for a home.

The news that Co-operative Bank would be returning £90m to shareholders was among one of the most read stories this week.

Paragon Bank has come out with limited-edition buy-to-let (BTL) products with rates from 4.74%.

Nationwide has partnered with Experian to use its Work Report income and employment verification service to automate the process.

Short-term lender Hope Capital has partnered with property dashboard DeskVal, allowing it to offer automated valuations up to 75% loan to value (LTV) on properties worth up to £750,000.

People choosing longer mortgage terms means two in five of all new mortgages taken out in Q2 will go beyond a borrower’s pension age.