Latest News

Precise enters new build market for first time

Mortgages

Precise enters new build market for first time

Precise Mortgages, the intermediary only lender, has changed its criteria across its entire BTL and Home Owner range to allow New Build properties.

02 Jul 2013

borro reaches £50 million lending milestone

borro reaches £50 million lending milestone

Online personal asset lender borro today announced it has reached a landmark milestone of £50 million in funded loans to individuals and small businesses.

01 Jul 2013

Prime London Central sees average price of over £1.5m

Mortgages

Prime London Central sees average price of over £1.5m

London Central Portfolio’s analysis of just released Land Registry data shows average prices in England and Wales reaching £240,659 - a 5% uplift over May 2012 - yet some areas are reaching six times that.

01 Jul 2013

AToM to offer new Precise 85% mortgage

Mortgages

AToM to offer new Precise 85% mortgage

AToM, the specialist mortgage packager/distributor, has been selected as one of only a few specialist packagers/distributors to offer a new range of criteria changes at 85% LTV from Precise Mortgages.

01 Jul 2013

Mortgage approvals hit three-year high in May

Mortgages

Mortgage approvals hit three-year high in May

Mortgage approvals reached 58,242 in May, the highest reported figure in three years (December 2009), and were up from 54,354 in April.

01 Jul 2013

BSA reports lending to FTBs up by 50%

Mortgages

BSA reports lending to FTBs up by 50%

BSA members have reported that loans to first time buyers went up by 50 per cent in the first five months of this year compared with the same period in 2012, with over 32,000 buyers getting their first mortgage.

01 Jul 2013

New BTL and resi rates announced by Aldermore

Mortgages

New BTL and resi rates announced by Aldermore

Aldermore, the British challenger bank, has announced the following rate changes to its buy-to-let and residential mortgage products:

01 Jul 2013

Promise increases secured panel to 19 lenders with TFS Secured Loans

Promise increases secured panel to 19 lenders with TFS Secured Loans

In keeping with the recent boom in the secured loan sector, TFS Secured Loans has been added to the panel of master broker Promise Solutions maintaining Promise’s claim to the largest secured loan panel in the UK.

01 Jul 2013

Precise opens prime and near-prime products up to FTBs

Mortgages

Precise opens prime and near-prime products up to FTBs

Precise Mortgages, the intermediary only lender, has today changed its lending criteria to accept First Time Buyers on all of its Home Owner products.

01 Jul 2013

Accord cuts rates on resi range by up to 0.35%

Mortgages

Accord cuts rates on resi range by up to 0.35%

Accord Mortgages has cut rates on selected residential products by up to 0.35% and introduced a series of new mortgages following a successful seven-day promotion.

01 Jul 2013

 

Prestige enhances product range with reduced rates

Prestige enhances product range with reduced rates

Prestige Finance has announced interest rate reductions on its standard plans allied to a more streamlined product matrix as well as reduced rates and lower minimum loan size on its popular large loan products.

01 Jul 2013

Saffron cuts rates on BTL & Next Step mortgages

Mortgages

Saffron cuts rates on BTL & Next Step mortgages

Saffron For Intermediaries, the specialist lending channel of Saffron Building Society, has reduced the rates on both its Next Step and Buy to Let Light Refurbishment mortgages.

01 Jul 2013

Peter Constance, Managing Director of pancredit

In The Spotlight

Peter Constance, Managing Director of pancredit

Financial Reporter had a chat with pancredit's Managing Director, Peter Constance.

28 Jun 2013

House prices continue to inch up, Land Registry data shows

Mortgages

House prices continue to inch up, Land Registry data shows

The May data from Land Registry's House Price Index shows an annual price increase of 0.5%, or 0.1% since April, which takes the average property value in England and Wales to £161,969.

28 Jun 2013

Clydesdale & Yorkshire Banks launch mortgage range for business customers

Mortgages

Clydesdale & Yorkshire Banks launch mortgage range for business customers

Clydesdale and Yorkshire Banks are launching a new range of mortgage products exclusively for business and Private Bank customers.

28 Jun 2013

AfI launches new two-year deals

Mortgages

AfI launches new two-year deals

Today Abbey for Intermediaries is launching two new best buy two-year deals:

28 Jun 2013

London house prices now 5% higher than pre-crisis levels

Mortgages

London house prices now 5% higher than pre-crisis levels

Nationwide's House Price Index for June shows significant regional variation in price that has been masked by the gradual pick up in growth at a national level.

28 Jun 2013

IBB cuts BTL finance rental rates further

Mortgages

IBB cuts BTL finance rental rates further

Islamic Bank of Britain, the UK’s only wholly Sharia compliant retail bank, has further reduced the rental rate for its Sharia compliant Buy to Let Purchase Plan product.

28 Jun 2013

3mc completes £1.65m deal with Cambridge & Counties Bank

Mortgages

3mc completes £1.65m deal with Cambridge & Counties Bank

Leading mortgage distributor 3mc has recently completed a £1.65 million commercial mortgage transaction funded by Cambridge & Counties Bank.

28 Jun 2013

Borrowers should beware of interest rates rising, says Duncan Lawrie Private Bank

Mortgages

Borrowers should beware of interest rates rising, says Duncan Lawrie Private Bank

The Financial Policy Committee’s latest Stability Report has revealed a worrying sign for borrowers according to Duncan Lawrie Private Bank.

27 Jun 2013

Government & ABI reach agreement on flood insurance

Protection

Government & ABI reach agreement on flood insurance

Hundreds of thousands of households in flood-prone areas will be guaranteed affordable flood insurance after the government and insurance industry agreed a deal today.

27 Jun 2013

N&P says borrowers are choosing low-fee mortgages

Mortgages

N&P says borrowers are choosing low-fee mortgages

More than four out of five new borrowers with Norwich & Peterborough Building Society this year have chosen a low-fee mortgage.

27 Jun 2013

OFT refers payday lending market to Competition Commission

OFT refers payday lending market to Competition Commission

The OFT today referred the market for payday lending in the UK to the Competition Commission because of concerns the OFT has about deep-rooted problems with the way competition works.

27 Jun 2013

Zurich enhances Critical Illness cover

Protection

Zurich enhances Critical Illness cover

Zurich today announces enhancements to its Critical Illness product including improved protection for patients with breast cancer and partial payments on 6 medical conditions.

27 Jun 2013

Second-time buyers held back by negative equity, says Post Office

Mortgages

Second-time buyers held back by negative equity, says Post Office

According to research from Post Office’s Step-Up report, 28% of second-time buyers are unable to progress on the property ladder due to negative equity.

27 Jun 2013

Scottish Widows launches enhanced annuity to intermediary market

Retirement

Scottish Widows launches enhanced annuity to intermediary market

Scottish Widows is launching a competitively priced enhanced annuity into the intermediary market.

27 Jun 2013

USA sees biggest house prices gains in years

Blogs

USA sees biggest house prices gains in years

According to Case Shiller data, properties in the USA, on average, lost more than a third of their value in the recession, with some areas losing more than half their value.

26 Jun 2013

Hinckley & Rugby sees 40% increase in mortgage apps

Mortgages

Hinckley & Rugby sees 40% increase in mortgage apps

Hinckley & Rugby Building Society received more than £54 million of mortgage applications in the first half of its financial year, a 40 per cent increase on the same period a year before.

26 Jun 2013

Latest Money Careers

Popular this week

Specialist Lending Roadshow June 2017

20th-23rd June

4 days
7 specialists
4 locations
Free to attend

Click here to register now