Latest News

Masthaven Secured Loans announces 1% rate drop

Masthaven Secured Loans announces 1% rate drop

Masthaven Secured Loans has launched a simplified product range and reduced key rates by as much as 1%.

20 Nov 2013

Insurance industry to drive out 'ghost' brokers that cost millions a year

Protection

Insurance industry to drive out 'ghost' brokers that cost millions a year

‘Ghost’ car insurance brokers have become a spectre that is thought to cost the insurance industry tens of millions of pounds every year, leaving thousands of drivers without cover.

20 Nov 2013

Secured lending hits £50m for first time since 2009

Secured lending hits £50m for first time since 2009

The Secured Loan Index shows second charge lending has exceeded £50,000,000 for the first time since 2009.

20 Nov 2013

Natwest to reduce early repayment charges

Mortgages

Natwest to reduce early repayment charges

NatWest will be reducing the early repayment charges (ERCs) payable on its 2 and 3 year fixed rate and 18 month and 2 year tracker deals for purchase and remortgage, across its residential and buy-to-let intermediary range from tomorrow.

19 Nov 2013

Speed of home sales picks up - to just eight weeks

Mortgages

Speed of home sales picks up - to just eight weeks

On average it now takes just over eight weeks (58 days) to sell a home in the UK - 11 days less than one year ago - according to a new 'City Rate of Sale' report by Post Office Mortgages.

19 Nov 2013

'Alternative' funding now part of the mainstream, argues lender

'Alternative' funding now part of the mainstream, argues lender

borro, the personal asset lender, believes that the days when there was a gap between conventional and alternative lending sources are numbered.

19 Nov 2013

Bridging lending up over £100m this quarter

Bridging lending up over £100m this quarter

Bridging lending is up significantly, both in terms of the value and the number of bridging loans lent.

19 Nov 2013

Mortgage overpayments top more than £9bn in a year

Mortgages

Mortgage overpayments top more than £9bn in a year

Mortgage holders are collectively making more than £9 billion in mortgage overpayments per year, according to new research from Santander Mortgages.

19 Nov 2013

Average LTVs hit five-year high as mortgage activity surges

Mortgages

Average LTVs hit five-year high as mortgage activity surges

The early launch of the Help to Buy mortgage guarantee prompted a surge of activity from lenders and borrowers across the market during October, according to the National Mortgage Index from MAB.

19 Nov 2013

New UK peer-to-peer lender launches

New UK peer-to-peer lender launches

Wellesley & Co is delighted to announce that it has launched the UK’s first peer to peer lending platform that uses its own money to fund every loan agreed with its borrowers pending its lender clients participating in those loans.

18 Nov 2013

 

Investment indecision an opportunity for financial advisers

Savings & Investments

Investment indecision an opportunity for financial advisers

AXA’s latest Big Money Index, which provides an overview of the wealth and financial confidence of consumers, has shown that nearly half (43%) of people are unsure of where to save or invest their money to achieve a decent return.

18 Nov 2013

Three mortgage interest rate cuts by Hinckley & Rugby

Mortgages

Three mortgage interest rate cuts by Hinckley & Rugby

Hinckley & Rugby Building Society has cut the interest rate on three mortgages.

18 Nov 2013

Two thirds of FTBs get help from family when saving for a deposit

Mortgages

Two thirds of FTBs get help from family when saving for a deposit

New research from Clydesdale and Yorkshire Banks today revealed that parents still have an important role to play for first time buyers, with almost two thirds receiving help in saving a deposit for their first property.

18 Nov 2013

Help to Buy 2 fails to boost pre-Christmas market - but recovery continues

Mortgages

Help to Buy 2 fails to boost pre-Christmas market - but recovery continues

According to the latest data from Rightmove, the underlying recovery of the housing market continues despite a lack of obvious impact from the second stage of Help to Buy.

18 Nov 2013

PMS & Sesame team up with Precise for 80% LTV products

Mortgages

PMS & Sesame team up with Precise for 80% LTV products

PMS members and appointed representatives of Sesame now have exclusive access to a range of 80% LTV products designed for clients who have a low credit score or may have current and past credit issues.

18 Nov 2013

Downsizing gains popularity as homemovers make up to £272,000

Mortgages

Downsizing gains popularity as homemovers make up to £272,000

A new report from Lloyds Bank shows that downsizing continues to be a strong driver of property sales, with almost half (45%) of homeowners planning to sell their property in the next three years saying they’d like to downsize.

18 Nov 2013

Tesco cuts two-year fix to 1.64%

Mortgages

Tesco cuts two-year fix to 1.64%

Tesco Bank has cut the rate of its two-year fixed rate mortgage by 0.1% to 1.64%.

15 Nov 2013

Tom Garratt, Head of Intermediary Development at The Loans Engine

In The Spotlight

Tom Garratt, Head of Intermediary Development at The Loans Engine

Financial Reporter had a chat with Tom Garratt, Head of Intermediary Development at The Loans Engine, about the future of secured lending and how FCA regulation is affecting intermediaries.

15 Nov 2013

Soaring number of househunters could squeeze FTBs out, says NAEA

Mortgages

Soaring number of househunters could squeeze FTBs out, says NAEA

There are significantly more active house hunters in the market compared to this time last year, however first time buyer numbers have fallen again, according to the National Association of Estate Agents.

15 Nov 2013

Nationwide mortgage lending rises by a third

Mortgages

Nationwide mortgage lending rises by a third

Over the half year to 30 September 2013, the Nationwide Group has increased its gross mortgage lending by 37% to £14 billion, accounting for 15.4% of all UK residential mortgage lending – the Society’s highest six month lending period for five years.

15 Nov 2013

BTL rates held steady by market competition and FLS

Mortgages

BTL rates held steady by market competition and FLS

The upward trend of longer term swap rates has led to an increase in three and five year fixed rate buy to let mortgages; however, the increases have been tempered by market competition and the effects of the Funding for Lending Scheme.

15 Nov 2013

Remortgage activity hits six-year high

Mortgages

Remortgage activity hits six-year high

Remortgaging activity in 2013 is the highest it has been for six years, according to chartered surveyors Connells Survey & Valuation.

15 Nov 2013

Auto enrolment planning tool launched by Scottish Widows for advisers

Retirement

Auto enrolment planning tool launched by Scottish Widows for advisers

Scottish Widows has launched a new interactive auto enrolment planning tool designed to help advisers project manage their employer clients through the biggest legislative shake-up in a generation.

14 Nov 2013

SIPP provider simplifies its offering

Retirement

SIPP provider simplifies its offering

In order to further simplify its proposition for both IFAs and execution-only clients, SIPP provider, Liberty SIPP, has today reduced its offering to one SIPP alone: The Liberty Option SIPP.

14 Nov 2013

Arrears & repossessions drop in Q3: CML

Latest News

Arrears & repossessions drop in Q3: CML

The latest survey results from the Council of Mortgage Lenders show a further fall in the number of mortgages in arrears, as well as the number of repossessions, in the third quarter of the year.

14 Nov 2013

32% of brokers unprepared for MMR having made no changes

Mortgages

32% of brokers unprepared for MMR having made no changes

New research from IRESS has found that over two thirds of brokers (69%) now understand the changes they need to make to their business ahead the Mortgage Market Review and how it will affect the mortgage process.

14 Nov 2013

LendInvest trades almost £9m of loans since launch

LendInvest trades almost £9m of loans since launch

LendInvest, the first live peer-to-peer lending platform specifically for residential and commercial mortgages, has today revealed some statistics on the returns being achieved by investors.

14 Nov 2013

High LTV lending rockets 80% year-on-year

Mortgages

High LTV lending rockets 80% year-on-year

House purchase lending increased for the eighth month in a row in October, reaching the highest level in nearly six years, according to the latest Mortgage Monitor from e.surv.

14 Nov 2013

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