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Chris Willis, Senior Vice-President at borro

In The Spotlight

Chris Willis, Senior Vice-President at borro

Financial Reporter had a chat with Chris Willis, Senior Vice-President at borro, the personal asset lender.

27 Sep 2013

Secured lender raises £100m of additional funding

Secured lender raises £100m of additional funding

Jerrold Holdings Limited, secured lender to the residential and commercial property sectors, announces today that, as a result of its £200m bond issuance, it has increased its funding capacity by more than £100m.

27 Sep 2013

Land Registry data shows property prices rising steadily

Mortgages

Land Registry data shows property prices rising steadily

The August data from Land Registry's House Price Index shows an annual price increase of 1.3% which takes the average property value in England and Wales to £164,654.

27 Sep 2013

Registrations for new homes hit six-year high

Mortgages

Registrations for new homes hit six-year high

UK registrations for new homes rose 25% for the year up to and including August, NHBC’s latest monthly figures reveal today.

27 Sep 2013

LV= extends whole of life policy

Protection

LV= extends whole of life policy

Protection specialist LV= has enhanced its whole of life policy, LifeTime+.

27 Sep 2013

Help to Buy could be a game changer in Scotland, say home builders

Mortgages

Help to Buy could be a game changer in Scotland, say home builders

Scottish home builders are today heralding the launch of what they consider could be a “game changing” new scheme to help more households onto and up the housing ladder.

27 Sep 2013

London house price growth hits double figures in Q3

Mortgages

London house price growth hits double figures in Q3

UK house prices increased by 0.9% in September and were 5.0% higher than September 2012, according to the latest House Price Index from Nationwide.

27 Sep 2013

52% of over 50s to use home to fund retirement

Retirement

52% of over 50s to use home to fund retirement

The ‘home is pension' generation - or HIPpies - has doubled in the last year, according to LV=, as more than half (52%) of working homeowners over 50 plan to use the equity in their home to fund their retirement - compared to a quarter (28%) in 2012.

27 Sep 2013

Virgin Money cuts high LTV rates by up to 0.20%

Mortgages

Virgin Money cuts high LTV rates by up to 0.20%

Virgin Money has announced a number of changes across its residential mortgage range. The updated range will be available from 27 September 2013.

26 Sep 2013

Domestic London outpaces Prime Central London

Mortgages

Domestic London outpaces Prime Central London

Prime central London house prices continue to show steady year on year growth, while the predominantly domestic markets of southwest London have recorded double digit rises as a wave of equity pushes out from the core central zone, says Savills.

26 Sep 2013

 

Shawbrook kicks off short term lending desk with new Lending Manager

Shawbrook kicks off short term lending desk with new Lending Manager

David Humphrey is moving from his role as a Sales Executive on the general Commercial Mortgages sales team to the new dedicated position of Lending Manager on the recently created Short Term Loan Team.

26 Sep 2013

LV join Source Home Insurance panel

Protection

LV join Source Home Insurance panel

Source Insurance announce the arrival of LV to their Home Insurance Panel to join current providers Aviva, AXA, Groupama, Sentinel, RSA & Zurich bringing the products on panel to eleven.

26 Sep 2013

Santander goes ERC-free on two-year tracker range

Mortgages

Santander goes ERC-free on two-year tracker range

As of Friday, Santander UK is building on its ‘FREEDOM' proposition with the launch of its ERC-free 2 year tracker range, available up to 90% LTV.

26 Sep 2013

Clydesdale mortgage failings redress expected to hit £42m

Mortgages

Clydesdale mortgage failings redress expected to hit £42m

Clydesdale Bank and Yorkshire Bank have responded to today’s announcement from the FCA regarding failings in calcuating mortgage repayments, indicating that the cost of redress could reach £42 million.

26 Sep 2013

Clydesdale Bank fined £8.9m for failings on 42,500 mortgages

Mortgages

Clydesdale Bank fined £8.9m for failings on 42,500 mortgages

The FCA has fined Clydesdale Bank for failing to inform its customers clearly of their rights after the bank miscalculated the repayments on over 42,500 mortgages.

26 Sep 2013

Skipton launches tracker & discounted rates from 1.78%

Mortgages

Skipton launches tracker & discounted rates from 1.78%

Skipton Building Society has today launched an attractive new range of two year tracker and discounted rate mortgages.

26 Sep 2013

Ebulliophobia - the fear of (non-existent) bubbles

Rob Barnard - Aldermore

Ebulliophobia - the fear of (non-existent) bubbles

The spectre of a housing bubble was among the many topics at the recent Intermediary Mortgage Lenders Association debate in Westminster, prompting a more cheerful response than the newspaper headlines of late.

25 Sep 2013

Glasgow tops student BTL tables

Mortgages

Glasgow tops student BTL tables

Forget Oxford and Cambridge. Glasgow is the most desirable student town for UK landlords, according to research released today by property website Zoopla.co.uk.

25 Sep 2013

Paragon launches six new BTL fixes

Mortgages

Paragon launches six new BTL fixes

Specialist buy-to-let mortgage lender Paragon Mortgages has launched six new products aimed at the professional landlord market.

25 Sep 2013

Santander enhances BTL criteria alongside launch of ERC-free tracker range

Mortgages

Santander enhances BTL criteria alongside launch of ERC-free tracker range

Following its well-received move into the buy-to-let market at the end of 2011, Santander for Intermediaries has today announced enhancements to its lending criteria for BTL applications, making the range more accessible for non-professional landlords.

25 Sep 2013

Mortgage Brain iPad app sees immediate broker popularity

Mortgages

Mortgage Brain iPad app sees immediate broker popularity

Mortgage Brain’s iPad pre-sales mortgage app for brokers, iSourceMortgages, has received widespread acclaim and become an immediate success during the first couple of months of its launch.

25 Sep 2013

Auto enrolment one year on - opt-out rates three times lower than predicted

Retirement

Auto enrolment one year on - opt-out rates three times lower than predicted

After a year which has transformed the UK pensions landscape with the introduction of automatic enrolment, research from Scottish Widows has revealed opt-out rates at a lowly 8%, compared with initial industry estimates reaching as high as 30%.

25 Sep 2013

Nationwide rolls out its lowest ever fixed rate

Mortgages

Nationwide rolls out its lowest ever fixed rate

From today, Nationwide is supporting both new and existing customers, regardless of the size of their deposit, with reductions across its fixed and tracker mortgage range.

25 Sep 2013

Promise appoints BDM to help brokers boost secured loan income

Promise appoints BDM to help brokers boost secured loan income

Secured loan master broker, Promise Solutions, has appointed a new BDM to specifically assist introducers who wish to get more involved with secured loans but are unsure of where to start.

25 Sep 2013

West One agrees £1m development funding deal

West One agrees £1m development funding deal

West One Loans has stepped in to fund a loan of almost £1m on a highly unusual property construction after the borrower was let down at the last minute by another lender.

25 Sep 2013

Scottish lawyers vote against separate legal representation

Legal

Scottish lawyers vote against separate legal representation

Lawyers in Scotland have voted against a proposed change in rules which would end the practice of having one solicitor represent housebuyers and their mortgage lenders.

24 Sep 2013

Hymans Robertson & Partnership complete enhanced annuity buy-in

Retirement

Hymans Robertson & Partnership complete enhanced annuity buy-in

Enhanced annuity provider Partnership has completed a £22m enhanced buy-in for a client of Hymans Robertson covering around 20 of the pension scheme’s highest liability pensioner members.

24 Sep 2013

House purchase approvals highest in four years

Mortgages

House purchase approvals highest in four years

According to the latest data from the British Bankers' Association, gross mortgage borrowing of £9.3bn in August was higher than in July and above the average of £8.4bn over the previous six months.

24 Sep 2013

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