Latest News

Openwork launches Android app

Protection

Openwork launches Android app

Following the success of Openwork’s protection ‘App’ for Apple mobile devices, the network has launched a new version enabling advisers to obtain protection quotes from Android phones and tablets.

21 Nov 2012

Secured lending fills gap left by high-street lenders

Secured lending fills gap left by high-street lenders

According to data from the latest Secured Loan Index, the amount lent between January 2012 and October 2012 is significantly higher than the entire year of 2011.

21 Nov 2012

A big thank you all round

A big thank you all round

Well, what a week!

20 Nov 2012

AfI improves lending criteria on residential and BTL

Mortgages

AfI improves lending criteria on residential and BTL

Abbey for Intermediaries has opened up its interest-only mortgage policy, now offering part interest-only and part repayment loans up to 75% LTV from tomorrow.

20 Nov 2012

The Cambridge launches exclusive 2-year fix

Mortgages

The Cambridge launches exclusive 2-year fix

The Cambridge Building Society has launched exclusive fixed rate residential and B2L products for three of its key Intermediary partners, Legal & General Mortgage Club, PMS Mortgage Club and Sesame network.

20 Nov 2012

Co-op cut mortgage rates and extends 90% deal

Mortgages

Co-op cut mortgage rates and extends 90% deal

Ahead of the expensive Christmas season, The Co-operative Bank is offering customers a helping hand by cutting more rates and offering the option of fee-free mortgages across its product range.

20 Nov 2012

Barclays slashes BTL rates by up to 1.10%

Mortgages

Barclays slashes BTL rates by up to 1.10%

Barclays is tomorrow cutting its range of fixed rate mortgages for buy-to-let borrowers by up to 1.10 per cent in a bid to give landlords access to more competitive rates coupled with the security of a fixed deal.

20 Nov 2012

Gross mortgage lending up 14% in October

Mortgages

Gross mortgage lending up 14% in October

According the Council of Mortgage Lenders, gross mortgage lending reached £12.9bn in October, which is a 14 per cent increase from the £11.3bn advanced in September.

20 Nov 2012

Engage Mutual links up with First Complete

Protection

Engage Mutual links up with First Complete

Engage Mutual has been approved as the only over 50s guaranteed life cover provider to join the protection panel of leading mortgage and protection intermediary network, First Complete.

19 Nov 2012

Capital Bridging secures £50m loan facility from high-street bank

Capital Bridging secures £50m loan facility from high-street bank

City-based principal lender, Capital Bridging Finance Limited has today announced it has secured a £50m lending facility from a major high street bank.

19 Nov 2012

 

'Broadly stable' housing market with positive signs for 2013

Legal

'Broadly stable' housing market with positive signs for 2013

According to Rightmove, this month sees a drop of 2.6% (-£6,407) in the asking prices of properties coming to market, following the now familiar post-credit-crunch pattern of falls in November.

19 Nov 2012

Solent Mortgage Services announces partnership with Capital Advances

Solent Mortgage Services announces partnership with Capital Advances

Solent Mortgage Services, the intermediary lending specialist, has announced an exclusive joint venture to market the services of bridging specialist, Capital Advances.

19 Nov 2012

Record rents of £744 in October

Record rents of £744 in October

Tenants saw average rents rise by 0.4% in October, the slowest rate of increase since May, according to the latest Buy-to-Let Index from LSL Property Services plc.

16 Nov 2012

Mortgage market must guard against fraud, warns PMS chairman

Mortgages

Mortgage market must guard against fraud, warns PMS chairman

Speaking at the Mortgage Business Expo London 2012, John Malone, chairman of PMS, urged intermediaries to guard against increasingly sophisticated methods of mortgage fraud.

16 Nov 2012

Platform expands range with cashback products

Mortgages

Platform expands range with cashback products

Platform will enhance its mainstream mortgage range today with a selection of competitively priced products, all of which come with the added bonus of £250 cashback.

16 Nov 2012

Insolvency expert warns of 'perfect storm' of debt problems

Latest News

Insolvency expert warns of 'perfect storm' of debt problems

A leading debt expert has warned that any increase in mortgage costs would complete the conditions for a “perfect storm of debt issues” for homeowners.

16 Nov 2012

Crystal says InterBay return shows recovery of commercial finance

Crystal says InterBay return shows recovery of commercial finance

Crystal Mortgages has cited the return of InterBay Commercial to the finance market as an important marker to the recovery being witnessed in the sector.

16 Nov 2012

Aldermore pledge to help bridge funding gap for SMEs

Aldermore pledge to help bridge funding gap for SMEs

British challenger bank Aldermore says it intends to increase its asset finance activities significantly in order to help bridge the funding gap created by ING’s recent announcement to withdraw from the UK market.

15 Nov 2012

Mortgage brokers must help to bridge protection gap

Protection

Mortgage brokers must help to bridge protection gap

Growth in protection sales is flat despite the increasing number of people requiring cover and mortgage brokers must do more to help address this shortfall.

15 Nov 2012

Accord launches new product range between 75% - 95% LTV

Mortgages

Accord launches new product range between 75% - 95% LTV

Brokers and borrowers are set to benefit after Accord Mortgages refined its range to introduce a new set of competitive products.

14 Nov 2012

BoE’s inflation forecast could spell trouble for company pensions

Retirement

BoE’s inflation forecast could spell trouble for company pensions

The unexpectedly large spike in inflation confirmed yesterday and the BoE's inflation forecast today could spell trouble for company pension holders, warns the boss of the world’s largest independent financial advisory firm.

14 Nov 2012

KRS allays interest-only 'time bomb' fears

Mortgages

KRS allays interest-only 'time bomb' fears

Speaking at the MBE London 2012 today Dean Mirfin, Group Director of KRS, moved to calm concerns that the growing number of older homeowners approaching retirement on interest-only mortgages represents a ‘time bomb’ for the industry.

14 Nov 2012

Lenders broadly optimistic about future

Lenders broadly optimistic about future

Today’s Mortgage Business Expo London 2012 seminar sessions have suggested lenders are broadly optimistic about 2013 lending levels with many believing the FLS will provide a significant and positive boost.

14 Nov 2012

Mortgage activity up 22%, says MAB

Mortgages

Mortgage activity up 22%, says MAB

Mortgage application activity has rocketed up by 22% in the last month as lenders continue to cut rates and increase product availability, according to the latest National Mortgage Index from the Mortgage Advice Bureau .

14 Nov 2012

Dragonfly offers exclusive bridging loan to NACFB members

Dragonfly offers exclusive bridging loan to NACFB members

London-based specialist lender, Dragonfly Property Finance, today launched a new commercial bridging loan product exclusively for members of the National Association of Commercial Finance Brokers.

13 Nov 2012

Precise overhaul mortgage range

Mortgages

Precise overhaul mortgage range

Precise Mortgages, the intermediary only lender, today launches a series of improvements to its mortgage range in a bid to take a step closer to being a one stop shop for mortgage intermediaries.

13 Nov 2012

West One Loans success reflects health of short-term finance sector

West One Loans success reflects health of short-term finance sector

West One Loans received 28 loan redemptions during the month of October, totalling almost £9m.

13 Nov 2012

Nationwide slash rates on all 70% mortgages by 0.10%

Mortgages

Nationwide slash rates on all 70% mortgages by 0.10%

In its third wave of rate reductions in just four weeks, Nationwide Building Society is cutting all fixed and tracker mortgage rates available up to 70% LTV by 0.10%, effective from Tuesday 13 November.

13 Nov 2012

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