Latest News

Bridging is “good old fashioned lending”

Bridging is “good old fashioned lending”

Bridging loans have been wrongly cast as being at the sharp end of mortgage finance but are much closer to “good old fashioned mortgage lending”, says Fincorp’s Gary Playle

05 Jun 2013

Never a dull moment

Blogs

Never a dull moment

David Morris, Senior Lending Manager in the Commercial Mortgage team at Shawbrook Bank talks about what it’s like to work for a challenger bank

05 Jun 2013

Mortgage Trust launches 2 year fixes from 2.99%

Mortgages

Mortgage Trust launches 2 year fixes from 2.99%

Buy-to-let lender Mortgage Trust has launched two new limited edition products

05 Jun 2013

Mortgage Advice Bureau appoints new Compliance Director

Mortgages

Mortgage Advice Bureau appoints new Compliance Director

Mortgage Advice Bureau has appointed Stewart Baker as its new Compliance Director.

05 Jun 2013

Pensioners own property worth £768.95 billion

Retirement

Pensioners own property worth £768.95 billion

Over-65s in London see average gains of nearly £12,000 each in the past three months, Key Retirement Solutions Pensioner Property Index shows.

05 Jun 2013

Average income drops by at least a third at retirement

Retirement

Average income drops by at least a third at retirement

New analysis from Partnership, the enhanced annuity provider, has revealed that when a person retires they can expect their regular income to fall by 38.95%.

05 Jun 2013

Nottingham recovery positive indicator for housing market, say L&G

Mortgages

Nottingham recovery positive indicator for housing market, say L&G

Nottingham could provide a roadmap to surviving housing market turmoil says the L&G Mortgage Club in conjuction with Cebr.

05 Jun 2013

Bridging Index recognised by Wikipedia

Bridging Index recognised by Wikipedia

The West One Loans Bridging Index has today been recognised by Wikipedia, the free-content online encyclopedia as a key measurement tool of the UK Bridging industry.

05 Jun 2013

Smart Money Loans looks to recruit In the South

Smart Money Loans looks to recruit In the South

Smart Money Loans (SML) the specialist secured loan distributor to the intermediary market is looking to recruit experienced relationship management and development managers in Southern England

05 Jun 2013

FCA to ban the promotion of UCIS to ordinary retail investors

Savings & Investments

FCA to ban the promotion of UCIS to ordinary retail investors

The FCA has published final rules to ban the promotion of Unregulated Collective Investment Schemes and certain close substitutes (together to be known as NMPIs) to the vast majority of retail investors in the UK.

04 Jun 2013

 

NewBuy completions drop 17% in Q1

Mortgages

NewBuy completions drop 17% in Q1

The latest data on the Government's NewBuy Guarantee scheme reveals that in the first quarter of 2013, only 754 homes were purchased through the scheme.

04 Jun 2013

Hope Capital increases max loan amount by 50% to £750k

Hope Capital increases max loan amount by 50% to £750k

Short term property bridging finance company Hope Capital has reviewed their maximum loan value and increased it to £750,000 following an influx of activity around larger value short term lends.

04 Jun 2013

First Complete lines up 337 mortgage exclusives for June

Mortgages

First Complete lines up 337 mortgage exclusives for June

First Complete has lined up 337 exclusive mortgage products for the start of June, an increase of 80% than this time last year.

04 Jun 2013

Sesame Bankhall expands secured lender panel with Nemo

Sesame Bankhall expands secured lender panel with Nemo

Sesame Bankhall Specialist Lending Services has today announced the addition of secured loan lender Nemo Personal Finance to its growing specialist lending panel to help advisers place and process client cases.

04 Jun 2013

Openwork launches guide to mortgage fraud prevention

Mortgages

Openwork launches guide to mortgage fraud prevention

Openwork has launched a comprehensive guide to mortgage fraud prevention, explaining how advisers can identify and tackle this growing problem for the mortgage market.

04 Jun 2013

Barclays cuts rates to offer its lowest ever 10-year fix

Mortgages

Barclays cuts rates to offer its lowest ever 10-year fix

Barclays is tomorrow cutting rates across its residential mortgage range by up to 1.10 percentage points, including the lowest 10 year fixed rate the bank has ever offered, in a bid to give borrowers access to even better deals.

03 Jun 2013

Bridging business written up 1.4% on last quarter, reveal ASTL figures

Bridging business written up 1.4% on last quarter, reveal ASTL figures

The ASTL, the trade body for short term lenders, has revealed the bridging and short term lending figures for the quarter ended 31 March 2013.

03 Jun 2013

Colonial completes several large secured loans

Colonial completes several large secured loans

Colonial Secured Loans has today announced it is 'delighted' to confirm it has completed Shawbrook Bank's largest ever secured loan, at £500,000.

03 Jun 2013

Chelsea BS maintains 'best buy' reputation with cuts to two fixed rates

Mortgages

Chelsea BS maintains 'best buy' reputation with cuts to two fixed rates

Chelsea Building Society is maintaining its reputation for best buy mortgages with rate cuts to two of its most competitive deals.

03 Jun 2013

Brokers find placing development finance cases increasingly easier

Brokers find placing development finance cases increasingly easier

41 per cent of brokers operating in the development finance sector believe that it has become easier to place development finance cases over the last year.

03 Jun 2013

Bright Grey enhances business protection proposition

Protection

Bright Grey enhances business protection proposition

Bright Grey today announced that it has launched its Relevant Life Plan as a separate product.

03 Jun 2013

UK retirement savings hit all-time low

Retirement

UK retirement savings hit all-time low

Fewer than half (45%) of those who could and should be preparing financially for their old age are currently saving enough, according to the ninth annual Scottish Widows Pensions Report.

03 Jun 2013

Number of discounted prime properties lowest in three years

Mortgages

Number of discounted prime properties lowest in three years

The number of prime properties on the market that have seen a reduction in their asking price has fallen to its lowest level in three years, according to research from property website PrimeLocation.com.

03 Jun 2013

Funding for Lending fails to increase lending

Funding for Lending fails to increase lending

​The Bank of England has today published updated data on the use of the Funding for Lending Scheme for the first quarter of 2013.

03 Jun 2013

Omni Capital expands into retail finance

Omni Capital expands into retail finance

One of the best-known brands in UK bridging and short-term lending is expanding into the booming retail finance sector following a strategic acquisition by its parent business.

03 Jun 2013

Bob Young, Managing Director of CHL Mortgages

In The Spotlight

Bob Young, Managing Director of CHL Mortgages

Financial Reporter had a chat with Bob Young, Managing Director of CHL Mortgages about buy-to-let and starting out in the industry.

31 May 2013

Leeds slashes rates across 2-, 3- and 5-year fixes

Mortgages

Leeds slashes rates across 2-, 3- and 5-year fixes

Leeds Building Society’s 2 year fixed rate mortgage is highly competitive at 2.09% between 60% and 65% LTV and at 2.34% from 66% to 75% LTV.

31 May 2013

BoE data shows mortgage lending is on the rise

Mortgages

BoE data shows mortgage lending is on the rise

According to the latest 'Money and Credit' statistical release from the Bank of England, mortgage lending increased by £0.9bn in April, compared to the average monthly increase of £0.6 billion over the previous six months.

31 May 2013

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