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Discounts on prime property fall sharply

Mortgages

Discounts on prime property fall sharply

The chances of finding a bargain on a prime property for sale in the UK today is far lower than in recent years, according to research from property website PrimeLocation.com.

28 Aug 2013

Help to Buy could spark return to 2007 house prices, fear lenders

Mortgages

Help to Buy could spark return to 2007 house prices, fear lenders

Mortgage brokers and intermediary lenders are united in their concern that inflated house prices are the gravest threat to the success of the Help to Buy scheme, according to the IMLA.

28 Aug 2013

Greater London price growth now outstrips Prime Central London

Mortgages

Greater London price growth now outstrips Prime Central London

Prime Central London prices are now being outstripped by the growth of residential property prices in Greater London, according to the latest Sales and Lettings Index from Knight Frank.

27 Aug 2013

Countrywide launches fast track valuer scheme

Legal

Countrywide launches fast track valuer scheme

Countrywide has announced its Fast Track Trainee Surveyor Programme which is open to all property professionals with a minimum four years relevant residential property industry expertise or two years if degree qualified.

27 Aug 2013

MMR 'main driver' behind increased intermediary lending, says L&G Network

Mortgages

MMR 'main driver' behind increased intermediary lending, says L&G Network

Legal & General Network has today pointed to the Mortgage Market Review as the main driver behind an increase in the intermediated share of lending.

27 Aug 2013

47% of those nearing retirement have reduced pension payments

Retirement

47% of those nearing retirement have reduced pension payments

Nearly half (47%) of UK adults with a personal pension and approaching retirement age have either reduced their pension contributions or stopped paying into their pension altogether, according to Responsible Equity Release.

23 Aug 2013

Robert Coyle, managing director of Vertex Financial Services

In The Spotlight

Robert Coyle, managing director of Vertex Financial Services

Financial Reporter caught up with Robert Coyle, managing director of Vertex Financial Services, provider of technology and business process outsourcing to the UK mortgage market.

23 Aug 2013

Brightstar breaks £100 million barrier

Brightstar breaks £100 million barrier

Brightstar Financial, the specialist lending intermediary hub, has announced that it has passed £100 million in completions in the eight months since the beginning of the year.

23 Aug 2013

BBA: Mortgage approvals up 31% on last year

Mortgages

BBA: Mortgage approvals up 31% on last year

According to the latest figures from the British Bankers' Association, gross mortgage lending was higher in July, at £9.1bn, than both June's figures and the average for the previous six months.

23 Aug 2013

first direct cuts rates and focuses on fee-free mortgages

Mortgages

first direct cuts rates and focuses on fee-free mortgages

From today first direct will reduce the rates on eleven of its Offset and Repayment mortgages by up to 20 Basis Points to provide even better value to customers.

23 Aug 2013

 

Remortgage lending jumps 13% in July

Mortgages

Remortgage lending jumps 13% in July

LMS figures reveal that monthly gross remortgage lending increased by £471m in July to £4.2bn. This is not only up 12.7% on June's £3.7bn reported by the CML last week, but is also the highest July figure since 2008.

23 Aug 2013

Bridging set to break £2bn barrier in 2013

Bridging set to break £2bn barrier in 2013

The UK bridging industry is on track to provide borrowers with over £2 billion in short-term secured finance by the end of 2013, according to the latest West One Bridging Index.

23 Aug 2013

Aldermore adds to building boost by approving 95% of property developments

Mortgages

Aldermore adds to building boost by approving 95% of property developments

Challenger bank Aldermore has today revealed that it approves 95% of eligible property development applications for residential houses, firmly establishing it as a source of financing for house builders in the UK.

22 Aug 2013

Crown Mortgages wins standby contract with The West Brom

Mortgages

Crown Mortgages wins standby contract with The West Brom

UK mortgage servicer Crown Mortgage Management has completed a warm standby contract for the West Brom’s Kenrick II securitisation, which marks its third standby contract with the West Brom and Crown’s 23rd standby deal in total.

22 Aug 2013

Landlords seek revisions to 'disproportionate' immigration proposals

Landlords seek revisions to 'disproportionate' immigration proposals

The British Property Federation today responded to a government consultation on tackling immigration via rented homes.

22 Aug 2013

Right to Buy sells over 2,000 homes in Q1

Mortgages

Right to Buy sells over 2,000 homes in Q1

According to the latest details released by DCLG, the number of homes bought under the Right to Buy scheme was almost five times as many as in the same quarter last year.

22 Aug 2013

First Complete adds Let Alliance to its GI panel

Protection

First Complete adds Let Alliance to its GI panel

First Complete has added Let Alliance, the specialist landlord and tenant building and contents insurance provider, to its general insurance panel taking the number on the panel up to five.

22 Aug 2013

Adviser Home and Zurich enter strategic partnership on protection

Protection

Adviser Home and Zurich enter strategic partnership on protection

Adviser Home – the adviser business development portal – has partnered with Zurich to help advisers develop their retail protection offering.

22 Aug 2013

Broker bugbears

Blogs

Broker bugbears

[Blog from Karen Bennett, Sales and Marketing Director, Commercial Mortgages, Shawbrook Bank]

21 Aug 2013

The Mansfield joins Help to Buy with Shared Equity mortgage

Mortgages

The Mansfield joins Help to Buy with Shared Equity mortgage

The Mansfield Building Society has introduced a mortgage product under the Government’s Help to Buy Equity Loan scheme.

21 Aug 2013

Property transactions up 18.5% on 2012, despite dip in July

Mortgages

Property transactions up 18.5% on 2012, despite dip in July

Figures from HMRC released today show that residential property transactions decreased slightly in July to 88,960, despite being 18.5% higher than in July last year.

21 Aug 2013

Welsh house prices drop £2,500 in a year

Mortgages

Welsh house prices drop £2,500 in a year

Welsh house prices continue to drop, as prices fall in nine months of the last twelve, reveals today's LSL/Acadametrics House Price Index.

21 Aug 2013

1st Stop Home Loans to provide secured loans for Conister Bank

1st Stop Home Loans to provide secured loans for Conister Bank

Conister Bank has today announced it has entered into a IWFA with 1st Stop Home Loans to provide secured personal loans to consumers. 1st Stop Home Loans will introduce and pre-underwrite loans on behalf of Conister Bank.

21 Aug 2013

Pension changes could leave millions poorer, warns TUC

Retirement

Pension changes could leave millions poorer, warns TUC

The vast majority of people currently entitled to the state second pension will get less when they retire as a result of the scheme being replaced by the new single tier pension, TUC research published today warns.

21 Aug 2013

Retirees hope to make £62k by downsizing

Retirement

Retirees hope to make £62k by downsizing

Nearly three quarters of the UK's 10.4 million pensioners own their own home, although more than a quarter expect to sell their property to raise money or simply to make their life easier, according to research from Prudential.

21 Aug 2013

Halifax makes cuts of up to 0.45% on 2-year products

Mortgages

Halifax makes cuts of up to 0.45% on 2-year products

Halifax has reduced rates on selected 2 year products across its mortgage and remortgage range by up to 0.45%.

21 Aug 2013

Virgin Money launches new intermediary-only fixed rate

Mortgages

Virgin Money launches new intermediary-only fixed rate

Virgin Money has announced a number of changes to its mortgage range. The updated range will be available to purchase and remortgage customers from 21 August 2013.

20 Aug 2013

Smith Greenfield appointed to Pink GI panel

Protection

Smith Greenfield appointed to Pink GI panel

Smith Greenfield has been appointed as the specialist provider of higher value home and contents insurance to the General Insurance panel of leading mortgage and insurance network, Pink.

20 Aug 2013

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