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Retention products don't fit with post-MMR environment

Mortgages

Retention products don't fit with post-MMR environment

Retention products are unlikely to satisfy client suitability principles in the post Mortgage Market Review environment, according to Personal Touch, one of the UK's largest mortgage distributors.

25 Jun 2013

SBSLS offers new Precise 85% range

Mortgages

SBSLS offers new Precise 85% range

Sesame Bankhall Specialist Lending Services offers Precise Mortgages 85% LTV products with rates from 3.79%

25 Jun 2013

BBA: Mortgage borrowing and approvals both rose in May

Mortgages

BBA: Mortgage borrowing and approvals both rose in May

Gross mortgage borrowing of £8.6bn in May was 7.5% higher than the recent monthly average, according to data from the latest BBA High Street Banking statistics.

25 Jun 2013

Blemain unveils changes across product range

Mortgages

Blemain unveils changes across product range

Blemain Finance has today unveiled changes across a range of its products to reduce costs for brokers, further improve conversion rates, and allow them to make quicker lending decisions.

25 Jun 2013

Remortgage lending hits record highs

Mortgages

Remortgage lending hits record highs

LMS figures reveal that monthly gross remortgage lending increased by £576m in May to £3.9bn. This is up 17.1% on April’s £3.4bn reported by the Council for Mortgage Lenders last week.

25 Jun 2013

Connect Mortgages launches Precise exclusives

Mortgages

Connect Mortgages launches Precise exclusives

Connect Mortgages, part of Connect Group, is today sending its introducers details of the latest exclusive enhancements to Precise Mortgages' Home Owner range of products.

24 Jun 2013

Precise introduces 'Almost Prime' range alongside mortgage changes

Mortgages

Precise introduces 'Almost Prime' range alongside mortgage changes

Precise Mortgages, the intermediary only lender, has simplified its entire Home Owner range in a bid to make it easier for brokers to understand and to focus on customers underserved by high street lenders.

24 Jun 2013

Prime buyers say number of bathrooms is a dealbreaker

Mortgages

Prime buyers say number of bathrooms is a dealbreaker

Four out of five (79%) prime homebuyers in the UK state that the number of bathrooms in a prospective property is a significant factor in their decision-making process, according to a survey of over 4,000 prime buyers by PrimeLocation.com.

24 Jun 2013

Next Paradigm mortgage round table to focus on MMR

Mortgages

Next Paradigm mortgage round table to focus on MMR

The fourth mortgage round table event to be held in 2013 by Paradigm Mortgage Services, will provide attendees with an update on the Mortgage Market Review and offer advice on what firms should be doing to prepare for the regulatory changes.

24 Jun 2013

Networks should 'take greater control over conveyancing', says distributor

Legal

Networks should 'take greater control over conveyancing', says distributor

Broker Conveyancing, the broker-focused conveyancing distributor, has today urged all networks, but particularly small to medium-sized operators, to take control of their conveyancing propositions in order to reduce risk and improve income revenue.

24 Jun 2013

 

Chelsea BS launches 'best buy' 2-year fix at 1.64%

Mortgages

Chelsea BS launches 'best buy' 2-year fix at 1.64%

Chelsea Building Society has announced that it will make further reductions to its mortgage range including a best buy 2 Year fixed rate mortgage at 1.64%.

22 Jun 2013

Two thirds of affordable housing snapped up by FTBs

Mortgages

Two thirds of affordable housing snapped up by FTBs

First-time buyers remain the biggest beneficiaries of affordable housing schemes, accounting for 65% of purchases over the last year, according to Halifax's latest Affordable Housing Review.

22 Jun 2013

Halifax Intermediaries withdraws 80% LTV products

Mortgages

Halifax Intermediaries withdraws 80% LTV products

As of today, Halifax Intermediaries has announced that it will be withdrawing the majority of its 80% LTV products.

21 Jun 2013

Tenant arrears drop as rent rise slows down

Mortgages

Tenant arrears drop as rent rise slows down

Rent rises in May were slower than recent months, according to the latest Buy-to-Let Index from LSL Property Services plc, which owns the UK’s largest lettings agent network, including national chains Your Move and Reeds Rains.

21 Jun 2013

Barclays revamps entire mortgage range

Mortgages

Barclays revamps entire mortgage range

Barclays is making further cuts to its residential mortgage range, reducing rates by up to 70 basis points and launching new remortgage offers designed to help over 3.1m borrowers save money on their mortgage.

20 Jun 2013

TMW introduces its lowest BTL fixed rate at 2.49%

Mortgages

TMW introduces its lowest BTL fixed rate at 2.49%

The Mortgage Works is introducing its lowest ever fixed rate at 2.49 per cent, with effect from Friday, June 21. The two year product is available to first time and experienced landlords.

20 Jun 2013

The Furness signs new deal with Gateway Surveyors

Legal

The Furness signs new deal with Gateway Surveyors

The Furness Building Society has reappointed Gateway as its panel manager and primary valuation supplier.

20 Jun 2013

Mortgage lending hits highest level since Oct 2008

Mortgages

Mortgage lending hits highest level since Oct 2008

The Council of Mortgage Lenders estimates that total gross mortgage lending in May increased to £14.7 billion, representing a rise of 21% from £12.2 billion in April and 17% higher than the total of £12.6 billion in May 2012.

20 Jun 2013

May sees best fixed rate deals since before crash

Mortgages

May sees best fixed rate deals since before crash

May was the cheapest month for fixed rate mortgages since the onset of the financial crisis according to the latest National Mortgage Index from Mortgage Advice Bureau.

20 Jun 2013

Fincorp becomes first bridger on Avelo Trigold Prospector

Fincorp becomes first bridger on Avelo Trigold Prospector

Fincorp is the first bridging lender to be listed on the Avelo Trigold Prospector platform after signing a deal that could see bridging start to become much more mainstream.

20 Jun 2013

Mortgages for Business launches Metro Bank BTL exclusives

Mortgages

Mortgages for Business launches Metro Bank BTL exclusives

Mortgages for Business has today launched two exclusive buy to let mortgage products from Metro Bank.

20 Jun 2013

Accord announces 7-day sale with products from 1.99%

Mortgages

Accord announces 7-day sale with products from 1.99%

Accord Mortgages has launched a seven day promotion, offering eight products with rates starting from 1.99%.

20 Jun 2013

CML slams Which? over mortgage costs research

Mortgages

CML slams Which? over mortgage costs research

The Council of Mortgage Lenders has spoken out to refute research that suggested 99.5% of homebuyers struggle to identify the total cost of a mortgage deal, released by Which? earlier today.

20 Jun 2013

Homebuyers must save for 14 years to get on the property ladder

Mortgages

Homebuyers must save for 14 years to get on the property ladder

Up and down the country, young people are finding themselves locked out of the property market for years – leaving them with little hope of owning their own home.

20 Jun 2013

Which? says most homeowners struggle to identify true mortgage costs

Mortgages

Which? says most homeowners struggle to identify true mortgage costs

New Which? research suggests that, as mortgage fees spiral, 99.5% of homeowners and homebuyers struggle to identify the total cost of a mortgage deal.

20 Jun 2013

Homebuyer surveys 'slower than ever', says Springtide Capital

Legal

Homebuyer surveys 'slower than ever', says Springtide Capital

London based mortgage broker, Springtide Capital has recently noted a significant delay in the length of time required to book homebuyer surveys.

19 Jun 2013

Post Office intends to lend £2.5bn as mortgage demand grows

Mortgages

Post Office intends to lend £2.5bn as mortgage demand grows

The Post Office has today launched a major assault on the mortgage market with its intention to lend £2.5bn by the end of the year.

19 Jun 2013

Openwork opens up mortgage fraud guide to wider industry

Mortgages

Openwork opens up mortgage fraud guide to wider industry

Openwork is extending the availability of its free guide to mortgage fraud following strong demand from the professional services market and the wider industry.

19 Jun 2013

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