Industry

Harpenden wins ‘Best Local Building Society’ Award for 8th Year

By Elliot Ashby / 7th September 2022 / Comments Off on Harpenden wins ‘Best Local Building Society’ Award for 8th Year

September 7th 2022: Harpenden Building Society has won the ‘Best Local Building Society’ category at the prestigious What Mortgage Awards for an 8th consecutive year. The Society, during what has continued to be an unprecedented, challenging period in time, has worked tirelessly to serve its communities and customers providing uninterrupted support to its customers. As […]

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Message to Intermediaries….Product withdrawals

By Richard Steed / 19th August 2022 / Comments Off on Message to Intermediaries….Product withdrawals

At 5pm on Friday 19th August, we will be removing our Self-Build and Development products and also a selection of our large loans £1m-£2m products within our Residential, Holiday Lets and BTL range. Due to market conditions and strong application volumes, to ensure we can continue our high levels of service we have taken the […]

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Message to our Savers – Rate increases August 16th 2022 

By Elliot Ashby / 15th August 2022 / Comments Off on Message to our Savers – Rate increases August 16th 2022 

Message to our Savers – August 16th 2022  From today we have increased our savings rates for the following accounts: Variable Cash ISA account (issue 2) will increase from 1.00% PA/AER** to 1.5% PA/AER 2 Year Fixed Rate Bond will be increasing from 2.00% PA/AER to 2.5% PA/AER 18 Club will be increasing from 1.85% PA/AER to 2.0% AER […]

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Our Mortgages – Standard Variable Rate increases from 1st September

By Elliot Ashby / 4th August 2022 / Comments Off on Our Mortgages – Standard Variable Rate increases from 1st September

Standard Variable Rate increases on our product range… We are changing our Standard Variable Rate from 4.79% to 5.04% from 1st September 2022. Therefore, new business products will be updated from Wednesday 10th August 2022 to reflect this. We will be contacting all affected customers to advise of the change and what it means to them. Our […]

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Message to our Savers – August 4th 2022 – Base rate increase to 1.75%

By Richard Steed / 4th August 2022 / Comments Off on Message to our Savers – August 4th 2022 – Base rate increase to 1.75%

Message to our Savers – August 4th 2022 On Thursday 4th August 2022, the Bank of England base rate increased from 1.25% to 1.75%. We regularly review our rates in light of changes in the Bank of England Base Rate and the market more broadly. We recently increased our savings rates for the following accounts […]

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Industry Insight – UK Holiday Lets – still a shrewd investment

By Richard Steed / 1st August 2022 / Comments Off on Industry Insight – UK Holiday Lets – still a shrewd investment

Download the article as a PDF – UK Holiday Lets – still a shrewd investment With the holiday season in full swing, it’s a timely reminder for mortgage intermediaries to consider the opportunities created through UK holiday let financing. The demand for mortgages in this specialist area is as strong as ever. Despite being able […]

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Industry Insight – Multigenerational mortgages set to grow in popularity

By Richard Steed / 1st July 2022 / Comments Off on Industry Insight – Multigenerational mortgages set to grow in popularity

Download the article as a PDF – Multigenerational mortgages set to grow in popularity Help beat increasing living costs…. The increasing cost of living is changing the lending environment and how home ownership is financed. The harsh economic conditions of present are putting a strain on the population’s finances, affecting the mortgage products customers are […]

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Important Message to Intermediaries – rate increase 10th June

By Richard Steed / 10th June 2022 / Comments Off on Important Message to Intermediaries – rate increase 10th June

We have updated our product range for new mortgages effective from Friday 10th June 2022, with all pay rates increasing. Our Standard Variable Rate is also increasing by 0.25% to 4.79% and all affected customers will be contacted to advise of the changes. Our website and e-book will display our new rates from 10th June. […]

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Message to our Members – Platinum Jubilee weekend

By Richard Steed / 1st June 2022 / Comments Off on Message to our Members – Platinum Jubilee weekend

Due to the Platinum Jubilee weekend, our head office will close at 5:30pm and our branches will close at 4:30pm on Wednesday June 1st. We will reopen again on Monday June 6th on our usual opening hours for our head office and branches. We wish all of our members a happy Jubilee weekend.  

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Industry Insight – Holiday lets – the best is yet to come

By Richard Steed / 13th May 2022 / Comments Off on Industry Insight – Holiday lets – the best is yet to come

Download the article as a PDF – Holiday lets – the best is yet to come With demand for holidaying closer to home reaching new heights during the pandemic, staycations remain popular despite overseas options opening up again post Covid-19. As a result, UK bookings remain high, making holiday let investment an attractive proposition. So what […]

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