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CML: Wales sees positive upward trend in mortgage market

Mortgages

CML: Wales sees positive upward trend in mortgage market

First-time buyers continued their upward trend with more having loans advanced to them in the third quarter of 2013 than any quarter since 2007.

26 Nov 2013

Boris Johnson promises high volume of low cost housing in London

Mortgages

Boris Johnson promises high volume of low cost housing in London

Boris Johnson has announced his Draft London Housing Strategy which pledges to deliver a high volume of affordable housing in a bid to address the ever-worsening gulf between demand and supply.

26 Nov 2013

CML: Scotland sees highest quarterly mortgage lending since 2008

Mortgages

CML: Scotland sees highest quarterly mortgage lending since 2008

The highest quarterly lending level in Scotland since mid-2008 was recorded, as an increasing number of borrowers took out a mortgage loan for house purchase in the third quarter of 2013, new CML data shows.

26 Nov 2013

CML: Lending to FTBs up 32% in London

Mortgages

CML: Lending to FTBs up 32% in London

In Q3, the 13,100 loans advanced to first-time buyers in London marked an increase of 24% on the previous quarter and a rise of 32% compared to the third quarter of 2012, according to the latest data from the CML.

26 Nov 2013

First new equity release provider launches since 2010

Retirement

First new equity release provider launches since 2010

New mortgage lender Pure Retirement is set to launch in January 2014.

26 Nov 2013

House prices in market towns up to £14,000 higher

Mortgages

House prices in market towns up to £14,000 higher

House prices in market towns are on average £14,000 (or 6%) higher than their county average, according to research from Lloyds Bank.

26 Nov 2013

Payday loan cap unveiled by Osborne

Payday loan cap unveiled by Osborne

The Chancellor of the Exchequer has announced that the government will legislate to introduce a cap on the cost of payday loans.

25 Nov 2013

EXCLUSIVE - FSE London 2013: Kevin Paterson, Source Insurance

EXCLUSIVE - FSE London 2013: Kevin Paterson, Source Insurance

Here's our first, exclusive video from the inaugural Financial Services Expo, held at Old Billingsgate in London last month - Financial Reporter had a catch up with Kevin Paterson, MD of Source Insurance.

25 Nov 2013

Nationwide joins Welsh Help to Buy equity loan scheme

Mortgages

Nationwide joins Welsh Help to Buy equity loan scheme

Nationwide Building Society will be accepting mortgage applications from borrowers looking to participate in the Welsh Government’s Help to Buy equity loan scheme from Thursday January 2 2014.

25 Nov 2013

Mortgage approvals see unexpected dip in October

Mortgages

Mortgage approvals see unexpected dip in October

Gross mortgage borrowing of £9.9bn in October was higher than in September and some 32% higher than in October last year, but approvals took a slight dip in the month, according to the latest figures from the BBA.

25 Nov 2013

 

Number of new clients with payday loans doubles in two years

Latest News

Number of new clients with payday loans doubles in two years

To date, one in three (37%) of Debt Advisory Centre’s new clients in 2013 owe money to payday lenders.

25 Nov 2013

Consumer confidence in housing market slips, says Lloyds report

Mortgages

Consumer confidence in housing market slips, says Lloyds report

The Lloyds Bank October Spending Power Report has found that consumer confidence in the housing market has slipped slightly, with the number of those who believe it is 'not good at all' creeping up from September's figures.

25 Nov 2013

Buyers flood to market as mortgage applications rise 45% annually

Mortgages

Buyers flood to market as mortgage applications rise 45% annually

In the latest House Price Index from Sequence, figures show there are on average now seven buyers to each new property as buyers flood into the market.

25 Nov 2013

Average age of FTB drops below 32 for first time in a year

Mortgages

Average age of FTB drops below 32 for first time in a year

According to new research from haart, the first week of October saw 92% more buyer enquiries than the same week in 2012, and October data shows a positive picture of the housing market.

22 Nov 2013

Barry Meeks, Non-Executive Director at Vertex

In The Spotlight

Barry Meeks, Non-Executive Director at Vertex

Financial Reporter had a chat with Barry Meeks, Non-Executive Director at Vertex about the upcoming MMR and touring the world in a private jet...

22 Nov 2013

RateSetter announces partnership with mobile network

RateSetter announces partnership with mobile network

Fintech firm RateSetter.com, and giffgaff, the mobile network run by its members, will combine their community-based products to create an offering which finances mobile handsets, via peer-to-peer loans.

22 Nov 2013

Gap between prime country properties and prime London narrows

Mortgages

Gap between prime country properties and prime London narrows

While prices for London’s best homes are 24% higher than their previous peak before the financial crisis, country house prices remain 20% below their respective high in Q3 2007.

22 Nov 2013

500,000 households a year fail to progress up housing ladder

Mortgages

500,000 households a year fail to progress up housing ladder

Over 500,000 UK households a year have failed to move onto or up the housing ladder since 2009, according to new analysis from real estate adviser, Savills comparing transaction levels before and after the credit crunch.

22 Nov 2013

Spain back in the top spot

Blogs

Spain back in the top spot

Confidence in the Spanish property market appears to be returning at last with British buyers returning in their droves.

21 Nov 2013

A festive look forward to 2014

Rob Barnard - Aldermore

A festive look forward to 2014

Christmas is just around the corner, and I’ve swapped my crystal ball for a more festive snow globe, in order to predict what 2014 holds for the mortgage market.

21 Nov 2013

Hope Capital completes largest bridging deal

Hope Capital completes largest bridging deal

Celebrations are continuing at Hope Capital, the entrepreneurial short term property bridging finance company, as it has completed its largest bridging deal to date.

21 Nov 2013

Help to Buy sparks post-crash homebuilding record

Mortgages

Help to Buy sparks post-crash homebuilding record

Figures released today by CLG show how the Government’s Help to Buy Equity Loan scheme is driving new home building activity.

21 Nov 2013

Birchall Blackburn join Broker Conveyancing panel

Legal

Birchall Blackburn join Broker Conveyancing panel

Broker Conveyancing, the broker-focused conveyancing distributor, has today added Birchall Blackburn Law to its solicitor firm panel.

21 Nov 2013

Genworth appoints new mortgage insurance manager

Protection

Genworth appoints new mortgage insurance manager

Genworth, the provider of mortgage insurance products across the globe, has today announced the appointment of Tim Rooney as its new Country Manager for Mortgage Insurance in Germany.

21 Nov 2013

Help to Buy 2 eclipses its predecessor in terms of awareness

Mortgages

Help to Buy 2 eclipses its predecessor in terms of awareness

The early launch of the Help to Buy mortgage guarantee has seen it overtake Help to Buy equity loans in terms of public awareness, according to new findings from Mortgage Advice Bureau,

21 Nov 2013

IFAs take stand against pension liberation schemes

Retirement

IFAs take stand against pension liberation schemes

Pension liberation schemes are increasingly targeting IFAs’ clients, yet a majority of advisers want providers to refuse to transfer out a client’s funds if they suspect the reason for the request is pension liberation, according to Liberty SIPP.

20 Nov 2013

Bridging splits into 'a tale of two markets'

Bridging splits into 'a tale of two markets'

Bridging is splitting into two distinct markets and the industry must acknowledge it serves two very different sorts of customer, says Fincorp.

20 Nov 2013

Gross mortgage lending at highest level since 2008

Mortgages

Gross mortgage lending at highest level since 2008

The Council of Mortgage Lenders estimates that total gross mortgage lending increased to £17.6 billion in October, representing a rise of 9% from £16.2 billion in September and 37% higher than the total of £12.9 billion in October last year.

20 Nov 2013

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