Latest News

42% more first-time buyers in May than a year ago

Mortgages

42% more first-time buyers in May than a year ago

Lending to FTBs, home movers and remortgagers all increased in May, with a particularly marked increase in lending to FTBs, shows the latest Regulated Mortgage Survey data published today by the CML.

12 Jul 2013

High LTV lending hits highest level since Sept 2008

Mortgages

High LTV lending hits highest level since Sept 2008

House purchase lending to high LTV borrowers hit a four and a half year high in June, according to the latest Mortgage Monitor from e.surv, the UK’s largest chartered surveyor.

12 Jul 2013

House prices hit record high in June

Mortgages

House prices hit record high in June

House prices have gone up £5,664 in the past 12 months, reaching a high of £232,801 according to the latest LSL House Price Index.

12 Jul 2013

Post Office launches new 2 year tracker at 1.94%

Mortgages

Post Office launches new 2 year tracker at 1.94%

Post Office shakes up the mortgage market with rate reductions on fixed-rate and tracker products

11 Jul 2013

Negative publicity about payday loans starting to take effect

Latest News

Negative publicity about payday loans starting to take effect

The popularity of payday loans has dipped, with just 7% of UK adults planning to take out a payday loan in the next six months, down from 11% in October 2012, according to a survey of over 2,000 people by R3, the insolvency trade body

11 Jul 2013

Castle Trust launch low cost 90% FTB mortgage

Mortgages

Castle Trust launch low cost 90% FTB mortgage

Castle Trust have announced the launch of a new 3 year fixed 90% product for FTBs in partnership with Kent Reliance which chops almost 30% off the monthly cost of a 90% purchase mortgage.

11 Jul 2013

Smart Money sets BTL completion record

Smart Money sets BTL completion record

Intermediary secured loan specialist Smart Money Loans has recorded a record breaking time for completion of a buy-to-let (BTL) secured loan in just four days.

11 Jul 2013

New 8 year fixed rate for borrowers up to 80 years old

Mortgages

New 8 year fixed rate for borrowers up to 80 years old

National Counties Building Society is pleased to offer a mortgage tailored to the needs of borrowers approaching, or already in retirement and looking to deal responsibly with their outstanding debt.

10 Jul 2013

Kent Reliance offers savers two more competitive savings accounts

Savings & Investments

Kent Reliance offers savers two more competitive savings accounts

Kent Reliance, part of the OneSavings Bank Group, are introducing two extremely competitive fixed rate bonds to their savings product range.

10 Jul 2013

Mayfair Bridging extends FCA permissions for UCIS scheme

Mayfair Bridging extends FCA permissions for UCIS scheme

Mayfair Bridging has recently extended their FCA permissions for their peer to peer UCIS scheme to include FCA regulated bridging loans

10 Jul 2013

 

Valuations exceed 2007 record

Legal

Valuations exceed 2007 record

Nine months in a row of year-on-year growth has seen the number of residential valuations so far in 2013 exceed the 2007 record, according to chartered surveyors Connells Survey & Valuation.

10 Jul 2013

Leeds launches new fixed rate mortgage range

Mortgages

Leeds launches new fixed rate mortgage range

Leeds Building Society has today launched 'Welcome Mortgages', a new range of mortgages that offer purchasers a combination of flexibility and certainty over a 3 or 5-year term.

10 Jul 2013

Loans Warehouse announce Intrinsic partnership

Loans Warehouse announce Intrinsic partnership

Loans Warehouse have today announced a new partnership with Intrinsic Financial Services which will see them become the first network in the UK with access to newly established secured loans lender, Clearly Loans

10 Jul 2013

Montello receives a further £20 million of institutional investment

Montello receives a further £20 million of institutional investment

London based bridging financier, Montello Bridging Finance, has today signed a funding agreement with an institutional fund manager

09 Jul 2013

House sale fall throughs 10% lower this quarter

Mortgages

House sale fall throughs 10% lower this quarter

The average house sale fall through rate for Q2 2013 was 19.77%, almost exactly 10% lower than in the corresponding quarter in 2012

09 Jul 2013

Second charge mortgage business grows 43%

Mortgages

Second charge mortgage business grows 43%

New figures released today by the Finance & Leasing Association (FLA) show the second charge mortgage market has continued its buoyant start to the year with new business growing 43% by value and 23% by volume in May 2013

09 Jul 2013

Openwork reports surge in mortgage activity

Mortgages

Openwork reports surge in mortgage activity

Openwork, the adviser support service network, has reported a surge in mortgage activity over the first six months of 2013.

09 Jul 2013

Halifax fixed term savings rates rise

Savings & Investments

Halifax fixed term savings rates rise

Halifax has today announced new fixed term savings rates with increases of up to 0.45%.

09 Jul 2013

Complete FS launches expat BTL product

Complete FS launches expat BTL product

Intermediary distributor Complete FS, today launches a specialist BTL mortgage product in association with Kent Reliance aimed at the expat borrower looking to buy or refinance in the UK.

09 Jul 2013

Celebrities urged to stop appearing in adverts for payday loans

Latest News

Celebrities urged to stop appearing in adverts for payday loans

Debt counselling experts have been calling on celebrities not to promote companies that offer payday loans

08 Jul 2013

New fixes and trackers from Mortgage Trust

Mortgages

New fixes and trackers from Mortgage Trust

Mortgage Trust has launched a range of new products, including six fixes and four trackers

08 Jul 2013

Around 8,000 business applications by retailers were rejected in 2012

Around 8,000 business applications by retailers were rejected in 2012

Castle Trust announces it is to start targeting business owners in the industry, who have at least 40% equity in their homes, with its Partnership Mortgage solution.

08 Jul 2013

Capital Bridging Finance very happy to be lending in Scotland

Capital Bridging Finance very happy to be lending in Scotland

Capital Bridging Finance Limited, the City based short term funder has seen a significant increase in its lending in Scotland and this week sees a very satisfactory exit for its first £1m plus loan.

08 Jul 2013

Sam Busfield, co-founder & director of Clearly Loans

In The Spotlight

Sam Busfield, co-founder & director of Clearly Loans

Financial Reporter had a chat with Sam Busfield, co-founder and director of the newly launched Clearly Loans.

05 Jul 2013

AfI launches lifetime tracker for the first time

Mortgages

AfI launches lifetime tracker for the first time

Abbey for Intermediaries has today launched a lifetime tracker mortgage for the first time ever with a rate of 2.69 per cent (BBR + 2.19 per cent) and a £495 fee.

05 Jul 2013

Paradigm publishes MMR preparation publication

Mortgages

Paradigm publishes MMR preparation publication

Paradigm Mortgage Services has issued the latest installment in a series of updates to help prepare intermediaries for next year's implementation of the Mortgage Market Review (MMR).

05 Jul 2013

NatWest introduce higher LTV mortgage deals

Mortgages

NatWest introduce higher LTV mortgage deals

NatWest Intermediary Solutions has launched several new high LTV mortgage deals available to intermediaries, whilst reducing rates across other core and first time buyer products.

05 Jul 2013

Blacks Connect launches Equity Release and Transfer of Equity services

Legal

Blacks Connect launches Equity Release and Transfer of Equity services

Blacks Connect, the conveyancing service from Blacks LLP, has today launched two new legal services for mortgages intermediaries - Equity Release and Transfer of Equity.

05 Jul 2013

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