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Fixed rate applications at highest levels for more than 3 years

Mortgages

Fixed rate applications at highest levels for more than 3 years

The percentage of borrowers choosing fixed rates on purchase applications climbed 3.8% to 83.1% in August – the highest level since June 2009 – according to the latest National Mor

19 Sep 2012

Scottish house sales rise 21% in July

Legal

Scottish house sales rise 21% in July

LSL/Acadametrics have released their data showing that Scottish house sales saw a healthy rise of 21% during July, painting a picture of a housing market that is moving much more f

19 Sep 2012

Less than 25,000 housing permissions in Q2 - lowest in 3 years

Legal

Less than 25,000 housing permissions in Q2 - lowest in 3 years

Fewer than 25k housing permissions were granted in Q2, well under half the required number to meet housing requirements.

19 Sep 2012

Access 4 Finance allows introducers to choose own fees

Access 4 Finance allows introducers to choose own fees

Access 4 Finance, the nationwide specialist loan broker, has decided to change how it deals with broker fees by looking at each case individually and allowing introducers to choose

19 Sep 2012

Equity Release Council begin selection for Standards Board

Retirement

Equity Release Council begin selection for Standards Board

Ahead of its first general meeting in December, The Equity Release Council has announced the selection process for Standards Board and Working Group members has now started.

19 Sep 2012

OneSavings Bank acquire Prestige Finance

OneSavings Bank acquire Prestige Finance

OneSavings Bank has taken over Prestige Finance in a deal that was completed on Friday and officially announced on the Stock Exchange today.

19 Sep 2012

CML on NewBuy's first six months

Mortgages

CML on NewBuy's first six months

The Council of Mortgage Lenders today released an evaluation of much-discussed Government scheme NewBuy, six months after it began.

19 Sep 2012

TBMC launch flat fee BTL deal

TBMC launch flat fee BTL deal

TBMC, the buy-to-let and commercial mortgage specialist, has launched a new exclusive buy-to-let mortgage through Hinckley & Rugby Building Society.

18 Sep 2012

Borro launches consignment loans service

Borro launches consignment loans service

Personal asset lender, borro, today announces the launch of a consignment loans service.

18 Sep 2012

Asset finance business up 4% in July

Asset finance business up 4% in July

Asset finance new business was up by 4% in July compared with the previous year, according to the latest figures from the Finance & Leasing Association, the asset finance trade bod

18 Sep 2012

 

House prices stable with 2.0% increase

Legal

House prices stable with 2.0% increase

In the 12 months to July 2012 UK house prices increased by 2.0 per cent, down from a 2.3 per cent increase in the 12 months to June.

18 Sep 2012

Co-op Bank no longer to accept bankrupts

Latest News

Co-op Bank no longer to accept bankrupts

In response to a lack of positive industry action on the issue of basic banking, The Co-operative Bank today announces a change to its basic bank account – Cashminder, for new cust

18 Sep 2012

The Chelsea slashes rates at up to 90% LTV

Mortgages

The Chelsea slashes rates at up to 90% LTV

Chelsea Building Society is making its mortgages even more competitive with rate reductions across its product range from Thursday, 20 September.

18 Sep 2012

Yorkshire Building Society reduces tracker rates

Mortgages

Yorkshire Building Society reduces tracker rates

Yorkshire Building Society is reducing rates on selected tracker mortgages, following recent cuts to their mortgages at 75% LTV.

17 Sep 2012

Successful product launch for Norton Finance Group

Successful product launch for Norton Finance Group

A new exclusive Unsecured Loan Product specifically designed to provide house deposit finance for existing homeowners and first time buyers has been successfully launched to the ma

17 Sep 2012

The Buy to Let Business launches mortgage club

Mortgages

The Buy to Let Business launches mortgage club

Members of the club will be given certain benefits, such as enhanced procuration fees, exclusive rates and access to a specialist buy-to-let broker help desk.

17 Sep 2012

Homeowners more open to equity release before retirement

Retirement

Homeowners more open to equity release before retirement

Homeowners preparing for retirement are more open to professional advice on equity release than those already retired, latest research into home equity withdrawal commissioned by J

17 Sep 2012

Halifax Intermediaries launch new 7-year product

Mortgages

Halifax Intermediaries launch new 7-year product

Halifax Intermediaries has today announced the launch of a new 7 year, no product fee mortgage deal and a succession of rate reductions across its product range in further support

14 Sep 2012

Admiral & Scottish Widows partnership beats pensions trend

Retirement

Admiral & Scottish Widows partnership beats pensions trend

Admiral Group has almost doubled the number of employees joining its corporate pension scheme, thanks to a three month staff awareness campaign in the run up to auto enrolment pens

14 Sep 2012

Housing activity climbs by 2.5% in August

Legal

Housing activity climbs by 2.5% in August

LSL and Acadametrics have released their August housing data showing that housing transactions for the month were the highest of 2012 so far, with prices also increasing annually.

14 Sep 2012

Lloyds releases FTB mortgage with no fee

Mortgages

Lloyds releases FTB mortgage with no fee

Lloyds TSB is launching a new 7-year fixed rate mortgage for first-time buyers, offering these customers the opportunity to fix their borrowing costs over a longer term.

14 Sep 2012

David Abbott, Managing Director of Boost Capital

In The Spotlight

David Abbott, Managing Director of Boost Capital

myi had a chat with David Abbott, MD of Boost Capital, about the current market and merchant cash advances.

14 Sep 2012

Panel selections are greatest threat to conveyancing

Legal

Panel selections are greatest threat to conveyancing

A national survey of conveyancing firms by property search provider SearchFlow found solicitors expect the main threat to the industry in the next year to come from lenders’ panel

14 Sep 2012

Public service pensions bill to save £65bn

Retirement

Public service pensions bill to save £65bn

Public Service Pensions Bill published today delivers final stage in halving cost of pensions

13 Sep 2012

Fixed rates fall but remortgage market remains stagnant

Mortgages

Fixed rates fall but remortgage market remains stagnant

Despite an ever-narrowing gap between monthly payments for fixed rate mortgages and standard variable rate (SVR) mortgages, borrowers are resolutely staying on SVRs according to la

13 Sep 2012

Shawbrook introduces new commercial mortgage range

Shawbrook introduces new commercial mortgage range

Shawbrook Bank has revamped its product range, introducing 13 tailored commercial mortgages for the property investment and trading business markets.

13 Sep 2012

Rents ‘over-heating' in London and the South East

Rents ‘over-heating' in London and the South East

60% of tenants expect to be paying higher rents in 12 months’ time, with the highest proportions anticipating upwards rental pressure in London and South East.

12 Sep 2012

Rise in home movers boosts house purchase loans

Mortgages

Rise in home movers boosts house purchase loans

A rise in lending to home movers was the main driver of an increase in house purchase lending in July, according to data published today by the Council of Mortgage Lenders.

12 Sep 2012

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