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Carney: interest rates could go either way

Just in
Carney: interest rates could go either way

Consumer borrowing and "Brexit-related uncertainties" will determine whether or not the Bank of England's MPC decide to raise interest rates, according to Governor Mark Carney.

17 Jan 2017

Tesco Bank adds First Complete and Pink to broker panel

Tesco Bank adds First Complete and Pink to broker panel

Tesco Bank has extended mortgage broker panel with the addition of networks First Complete and Pink.

17 Jan 2017

Remortgage lending dips in November as BTL market soars: CML

Remortgage lending dips in November as BTL market soars: CML

Remortgage activity saw a surprise 5% monthly drop in November, but remains 14% higher than a year ago, according to the latest CML data.

17 Jan 2017

East of England drives November house price growth: UK HPI

East of England drives November house price growth: UK HPI

House prices rose by 6.7% in the year to November 2016, up from 6.4% in the year to October 2016, according to the latest UK House Price Index from the ONS and Land Registry.

17 Jan 2017

Inflation rises to 30-month high of 1.6%

Inflation rises to 30-month high of 1.6%

The Consumer Prices Index rose by 1.6% in the year to December 2016, compared with a 1.2% rise in the year to November, according to the latest ONS statistics.

17 Jan 2017

First-time buyer market surges 26% in 2016

First-time buyer market surges 26% in 2016

Housing market activity in December rose by 8% on an annual basis and has surged by 40% compared to December 2014, according to Connells Survey & Valuation data.

17 Jan 2017

Connect adds Family Building Society to panel

Connect adds Family Building Society to panel

Connect for Intermediaries has added the Family Building Society to its packaging lender panel.

17 Jan 2017

Bellpenny launches independent advice service

Bellpenny launches independent advice service

Wealth management firm Bellpenny has announced the acquisition of EFG Independent Financial Advisers to form its new independent advice arm, BIA Financial Planning.

17 Jan 2017

Twenty7Tec launches further advance and ported product enhancements

Twenty7Tec launches further advance and ported product enhancements

Twenty7Tec has announced a further enhancement to its MortgageSource system, enabling brokers to compare further advances and ported products to purchase, remortgage or second charge lending options.

17 Jan 2017

Majority of mainstream rates begin to rise: Mortgage Brain

Majority of mainstream rates begin to rise: Mortgage Brain

Following months of record low mortgage rates and costs, the past three months have seen increases in the cost of the majority of mainstream products, according to Mortgage Brain analysis.

16 Jan 2017

 

Precise launches lowest-ever bridging rate at 0.54%

Precise launches lowest-ever bridging rate at 0.54%

Precise Mortgages has launched its lowest-ever bridging rate of 0.54% per month.

16 Jan 2017

FSCS raises £114m supplementary levy for GI, pensions and mortgage firms

FSCS raises £114m supplementary levy for GI, pensions and mortgage firms

The Financial Services Compensation Scheme will levy financial services firms a total of £378m in 2017/18, with three supplementary levies on life and pensions advisers, general insurers and mortgage advisers to meet "unforeseen compensation costs".

16 Jan 2017

YBS launches record low 1.54% two-year rate at 90% LTV

YBS launches record low 1.54% two-year rate at 90% LTV

Yorkshire Building Society has launched a two-year discounted standard variable rate mortgage at 1.54% for borrowers with a 10% deposit, which it says is currently the lowest on the market.

16 Jan 2017

Landbay set to launch IFISA in Q1

Landbay set to launch IFISA in Q1

Peer-to-peer investment platform Landbay has been granted ISA Manager status by HMRC, clearing the way for the launch of its Innovative Finance ISA before the end of the 2016-17 tax year.

16 Jan 2017

Skipton cuts new build rates by up to 0.84%

Skipton cuts new build rates by up to 0.84%

Skipton Building Society is cutting rates by up to 0.84% on its new build products.

16 Jan 2017

Paragon launches first residential mortgage range

Paragon launches first residential mortgage range

Paragon Mortgages has launched its first range of residential mortgage products aimed at customers with complex incomes including self-employed and those borrowing into retirement.

16 Jan 2017

Just Retirement and Partnership unveil rebrand

Just Retirement and Partnership unveil rebrand

JRP Group, the company formed by the merger of Just Retirement Group and Partnership Assurance, has unveiled its new overarching brand – Just.

16 Jan 2017

Age Partnership appoints John Malone to boost mortgage growth

Age Partnership appoints John Malone to boost mortgage growth

Age Partnership has appointed John Malone as an ambassador to further develop its proposition and support the growth of the company’s mainstream mortgage operation, which it launched in 2016.

16 Jan 2017

Marsden BS revamps residential and older borrower range

Marsden BS revamps residential and older borrower range

Marsden Building Society has launched new products to its intermediary partners across its residential, buy-to-let and older borrower portfolios.

16 Jan 2017

Window of opportunity for FTBs as supply increases

Window of opportunity for FTBs as supply increases

Early data is showing a "steady start" to 2017’s housing market, as well as a "window of opportunity" for first-time buyers who have more choice and negotiating power.

16 Jan 2017

House prices end 2016 just £47 shy of all-time high

House prices end 2016 just £47 shy of all-time high

Growth of 0.4% in December pushed the average price of a house in England and Wales up by £1,139 to finish the year at £297,678, according to the latest Your Move house price index.

16 Jan 2017

Retention proc fees: a round-up of changes

Retention proc fees: a round-up of changes

Last week, Santander announced plans to pay brokers a procuration fee for retention business, sparking other lenders to follow suit this week.

13 Jan 2017

Second charge lending volumes continue to fall: FLA

Second charge lending volumes continue to fall: FLA

Second charge mortgage new business volumes fell by 6% in November compared with the same month in 2015, while growth in the value of second charge mortgage new business was flat, according to figures from the Finance & Leasing Association.

13 Jan 2017

West One appoints Marie Grundy as Sales Director

West One appoints Marie Grundy as Sales Director

Bridging lender West One has appointed Marie Grundy as Sales Director to further drive growth across all of its lending activities.

13 Jan 2017

Foundation Home Loans to enter residential market

Foundation Home Loans to enter residential market

Foundation Home Loans has announced plans to enter the residential mortgage market in 2017.

13 Jan 2017

BTL and remortgage lending rises 'significantly' in Q4: BoE

BTL and remortgage lending rises 'significantly' in Q4: BoE

Lenders have reported that demand for buy-to-let and remortgage lending increased significantly in Q4, according to the latest Bank of England Credit Conditions Survey.

13 Jan 2017

Coventry for intermediaries cuts residential rates

Coventry for intermediaries cuts residential rates

Coventry for intermediaries has reduced rates on selected two and five year fixed residential mortgages and launched a new 50% LTV Flexx for Term range.

13 Jan 2017

more 2 life adds fixed ERCs to Capital Choice Plan

more 2 life adds fixed ERCs to Capital Choice Plan

more 2 life is adding fixed ERCs to its Capital Choice Plan in addition to the current 10% ERC–free partial repayment option.

13 Jan 2017

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