Latest News

More buyers pushes competition to eight buyers per instruction

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More buyers pushes competition to eight buyers per instruction

According to the latest National Sales Index from Sequence, eight buyers (7.7) are chasing every new instruction as the number of new buyers across the UK rises by over a quarter (26%) on last year.

17 Mar 2014

Islamic Bank to boost understanding of Sharia-compliant savings

Savings & Investments

Islamic Bank to boost understanding of Sharia-compliant savings

Islamic Bank of Britain is hosting an information evening in London dedicated to improving the local community’s understanding of Sharia compliant savings.

14 Mar 2014

RBS suffers downgrade from Moody's

Latest News

RBS suffers downgrade from Moody's

Credit ratings agency Moody's has downgraded part-nationalised Royal Bank of Scotland by one notch because its latest proposed restructuring poses a risk to bondholders.

14 Mar 2014

Martin Nixon, Head of Asset Finance, United Trust Bank

In The Spotlight

Martin Nixon, Head of Asset Finance, United Trust Bank

Financial Reporter chatted to Martin Nixon, Head of Asset Finance at United Trust Bank.

14 Mar 2014

Ipswich BS launches 1.97% 2-year fix

Mortgages

Ipswich BS launches 1.97% 2-year fix

Ipswich Building Society has launched a competitive two year fixed rate 75% loan-to-value mortgage product available to brokers in the East of England as well as the PMS and Sesame broker networks.

14 Mar 2014

David Finlay steps down from Barclays and IMLA

Latest News

David Finlay steps down from Barclays and IMLA

David Finlay, Managing Director, Intermediary Channel, Retail Lending at Barclays Bank and the current Chairman of the Intermediary Mortgage Lenders Association has announced he has left Barclays.

14 Mar 2014

Pepper UK almost doubles assets under management with £2bn boardings

blue screen numbers

Pepper UK almost doubles assets under management with £2bn boardings

Pepper UK, the mortgage servicer formerly known as Oakwood Global Finance, has successfully completed its latest two boardings, almost doubling its UK assets under management in the process.

14 Mar 2014

London costs push average rent to five-month high

London costs push average rent to five-month high

Rising costs in London are pushing the average UK rent up to its highest since September 2013.

14 Mar 2014

Virgin Money increases max LTV on BTL range to 75%

to let signs

Virgin Money increases max LTV on BTL range to 75%

Virgin Money has increased its maximum buy-to-let LTV from 70% to 75% and has introduced a selection of products at the new maximum LTV.

14 Mar 2014

High LTV lending soars in February

Mortgages

High LTV lending soars in February

According to e.surv's latest Mortgage Monitor, the number of high LTV loans topped 11,000 for the first time in six years in February.

14 Mar 2014

 

Average house price sees greatest rise in 21 months

Mortgages

Average house price sees greatest rise in 21 months

The average house price rose by £2,500 in February - the largest monthly rise in 21 months.

14 Mar 2014

How can technology help to meet the challenges of the MMR?

How can technology help to meet the challenges of the MMR?

[SPECIAL FEATURE: John Penn, Head of Mortgage Proposition at software provider Intelliflo, gives his thoughts on how technology can be used to help meet the challenges and opportunities arising from the MMR.]

13 Mar 2014

Kent Reliance launches new intermediary website

Mortgages

Kent Reliance launches new intermediary website

Specialist mortgage provider Kent Reliance has reinforced its support and commitment to the intermediary mortgage market today with the launch of its new expanded and re-designed intermediary website.

13 Mar 2014

Help to Buy drives recovery in number of mortgage buyers in 2014

Mortgages

Help to Buy drives recovery in number of mortgage buyers in 2014

Mortgage buyers have regained their position as the dominant purchasers in the housing market, after a year in which cash buyers looked like taking over.

13 Mar 2014

Openwork chooses KRS as equity release partner

Retirement

Openwork chooses KRS as equity release partner

Openwork is pleased to announce that it has chosen Key Retirement Solutions as its exclusive provider of equity release schemes.

13 Mar 2014

Advisers welcome idea of mandated comparison process for annuities

Retirement

Advisers welcome idea of mandated comparison process for annuities

New research from IRESS has found that advisers would like to see increased shopping around for annuities via a mandated comparison process so consumers get a thorough overview of annuity rates available on the market before they buy.

13 Mar 2014

DWP could cause problems for unemployed homeowners with rule change

Protection

DWP could cause problems for unemployed homeowners with rule change

The Department for Work & Pensions is currently reviewing its position when it comes to Government support for mortgage interest payments provided to unemployed homeowners.

13 Mar 2014

Crystal Mortgages introduce larger loans range up to £10m

Mortgages

Crystal Mortgages introduce larger loans range up to £10m

Crystal Mortgages is offering a new, dedicated suite of larger loan investment products with the company citing an increase in high-worth applications since the turn of the year.

13 Mar 2014

CML: FTBs see 38% more loans in January

Mortgages

CML: FTBs see 38% more loans in January

The CML has released data this morning showing that while the number of loans advanced for house purchase decreased in January, the number advanced to FTBs was up 38% on January 2013.

13 Mar 2014

Stuart Kelly is promoted to Director of Lending at Shawbrook

Stuart Kelly is promoted to Director of Lending at Shawbrook

Shawbrook Bank has announced the promotion of Stuart Kelly to Director of Lending at Shawbrook Bank’s Commercial Mortgages division.

13 Mar 2014

RICS: Growth in buyer numbers slips in February

Latest News

RICS: Growth in buyer numbers slips in February

RICS data released today shows that the increase in potential buyers eased off during February this year, to its lowest point in almost a year.

13 Mar 2014

Stonebridge added to Magellan distribution panel

Mortgages

Stonebridge added to Magellan distribution panel

Stonebridge Mortgage Solutions, the network arm of Stonebridge Group, has today announced it has been appointed to the distribution panel of Magellan Homeloans.

13 Mar 2014

Land Registry plans could cause wider problems in housing market

Mortgages

Land Registry plans could cause wider problems in housing market

Under new plans to centralise local land charge searches the Land Registry will only be responsible for digitisation of records back to 1999.

12 Mar 2014

FCA appoints new head of investment banking

Latest News

FCA appoints new head of investment banking

The Financial Conduct Authority has appointed Julia Hoggett as head of investment banking in its supervision division. She will start in early May.

12 Mar 2014

Ex-Accenture MD joins Vizolution

Latest News

Ex-Accenture MD joins Vizolution

Vizolution has today announced the appointment of Scanes Bentley as Non-Executive Chairman.

12 Mar 2014

Will new regulation affect lending in 2014?

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Will new regulation affect lending in 2014?

The mortgage market is gaining momentum. First-time buyers are returning to the market in their droves, as an increase in high LTV lending has made mortgages more accessible.

12 Mar 2014

Intelliflo launches MMR checklist for advisers

Mortgages

Intelliflo launches MMR checklist for advisers

With the Mortgage Market Review fast approaching, Intelliflo has today released its MMR Checklist in a bid to ensure that mortgage advisers are aware of and prepared for the changes that the new regulation will bring in.

12 Mar 2014

UTB expands asset finance options for engineering machinery

UTB expands asset finance options for engineering machinery

United Trust Bank has extended the range of assets it will now consider financing to include engineering and manufacturing equipment.

12 Mar 2014

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