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84% predict stability in lending industry within 2 years

84% predict stability in lending industry within 2 years

A survey by Nostrum has revelealed that 84% of responsdents predict the lending industry will be stable over the next two years.

23 Nov 2012

Leeds Building Society make cuts of up to 0.59%

Mortgages

Leeds Building Society make cuts of up to 0.59%

Leeds Building Society has reduced the rate on its 2 year fixed rate mortgage by 0.41% to a competitive rate of just 2.54%, available up to 75% LTV.

23 Nov 2012

Mortgage lending and approvals rise in October

Mortgage lending and approvals rise in October

Gross mortgage lending of £7.5bn in October was slightly above the recent monthly average, reveals the latest BBA Monthly Statistics Release.

23 Nov 2012

More than 10% of mortgage applications refused with 'no explanation'

Mortgages

More than 10% of mortgage applications refused with 'no explanation'

According to research conducted by YouGov for Countrywide, 11% of people who are turned down when applying for a mortgage are given no explanation, with 9% stating they were turned down because they were self-employed.

23 Nov 2012

Pink relaunches its Pink Mortgage Club for DA advisers

Mortgages

Pink relaunches its Pink Mortgage Club for DA advisers

Pink is relaunching its offering to directly authorised mortgage and protection advisers including a free compliance package for its Club VIP members.

22 Nov 2012

Working together

Matt Tristram - LW

Working together

We officially exited a recession in the third quarter of this year; effects that were emphasised in October’s secured loan lending figures.

22 Nov 2012

IMLA appoints first chairman from a mainstream bank

Mortgages

IMLA appoints first chairman from a mainstream bank

IMLA, the trade association for UK lenders involved in the intermediary mortgage market, has today announced its new chairman and board of directors for 2013 at its Annual General Meeting in London.

22 Nov 2012

FSA to raise minimum capital for SIPPs operators

Retirement

FSA to raise minimum capital for SIPPs operators

The Financial Services Authority has published a consultation paper outlining how much capital Self Invested Personal Pension operators must hold in future.

22 Nov 2012

Precise removes minimum income requirement

Mortgages

Precise removes minimum income requirement

Precise Mortgages, the intermediary only lender, is improving two parts of its lending criteria today, which will help brokers to help their customers obtain BTL and Near Prime mortgages.

22 Nov 2012

West One completes loan secured on lease of derelict property

West One completes loan secured on lease of derelict property

Bridging lender West One Loans has completed a £800,000 loan on an unusual project to develop a student hall of residence in London.

22 Nov 2012

 

Chelsea BS launches unique FTB mortgage

Mortgages

Chelsea BS launches unique FTB mortgage

Chelsea Building Society has announced the launch of a unique first time buyer mortgage, responding to the needs of buyers looking to step onto the property ladder.

22 Nov 2012

Virgin Money cuts residential rates by up to 0.30%

Mortgages

Virgin Money cuts residential rates by up to 0.30%

Virgin Money is reducing a number of interest rates in its residential mortgage range, available from Thursday 22 November 2012.

21 Nov 2012

Savings being 'decimated' by Funding for Lending Scheme

Savings being 'decimated' by Funding for Lending Scheme

Moneyfacts research reveals that the UK savings market is being decimated by the Government’s FLS, which allows lenders to borrow from the Government at vastly reduced rates, negating their need to raise funds via the traditional method of savings.

21 Nov 2012

Financial Reporter & Equity Release Council announce winner of Expo competition

Latest News

Financial Reporter & Equity Release Council announce winner of Expo competition

Financial Reporter and Equity release council are today delighted to announce the winner of their competition to win an iPad Mini which delegates were invited to enter at the Mortgage Business Expo 2012.

21 Nov 2012

46% of advisers feel underqualified to advise on equity release

Retirement

46% of advisers feel underqualified to advise on equity release

While 88% of intermediaries feel their clients may express an interest in equity release at some point during the advice process, just 38% are able to provide advice on this topic reveals new intermediary research from Aviva.

21 Nov 2012

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

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