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Remortgaging approvals hit nine-year high in October: BoE

Remortgaging approvals hit nine-year high in October: BoE

Remortgaging approvals increased to 51,593 in October, the highest figure seen since October 2008, according to the latest Bank of England Money and Credit figures.

29 Nov 2017

First-time buyer sales slump to eight month low: NAEA

First-time buyer sales slump to eight month low: NAEA

The proportion of sales made to first-time buyers fell to an eight month low of 22% in October, according to the latest NAEA Propertymark data.

29 Nov 2017

Majority of brokers expect further house price falls in Q4

Majority of brokers expect further house price falls in Q4

More than half (63%) of brokers expect house prices in London to fall further in the last quarter of 2017, according to a United Trust Bank poll.

29 Nov 2017

Retired renters face £43bn shortfall as numbers to triple by 2032

Retired renters face £43bn shortfall as numbers to triple by 2032

One in eight retirees, equating to over 1 million people, will be renting by 2032 – treble today’s figure, according to Scottish Widows research.

29 Nov 2017

Value of UK housing surpasses £6 trillion

Value of UK housing surpasses £6 trillion

The total value of privately owned UK housing stock has risen by £1.94 trillion over the last decade to surpass £6 trillion for the first time, according to Halifax research.

29 Nov 2017

UK economic growth to slump to 1.1% by 2019: OECD

UK economic growth to slump to 1.1% by 2019: OECD

Global economic growth is predicted to accelerate to 3.6% in 2017 while growth in the UK slows to 1.5%, according to figures published today by the OECD.

28 Nov 2017

Mortgages for Business adds portfolio BTL rate to calculator

Mortgages for Business adds portfolio BTL rate to calculator

Mortgages for Business has updated its online Buy to Let Mortgage Calculator and Rate Finder to include products that are available to portfolio landlords.

28 Nov 2017

Why do just 37% of mortgage applications have a GI quote applied?

Why do just 37% of mortgage applications have a GI quote applied?

A new poll by PMS Mortgage Club and general insurance provider Paymentshield has revealed adviser attitudes towards quoting general insurance.

28 Nov 2017

Barclays reveals fastest growing house price postcodes

Barclays reveals fastest growing house price postcodes

Barclays Mortgages has launched its first ever Postcode Property Index, identifying the postcodes from the UK’s top twenty cities that have seen the fastest house price growth over the past year.

28 Nov 2017

Network criticises percentage-based advice fees for equity release

Network criticises percentage-based advice fees for equity release

Mortgage and protection network JLM Mortgage Services has suggested the charging of percentage-based advice fees on equity release products is "not in the spirit of treating customers fairly" and "would go so far as to say it is profiteering".

28 Nov 2017

 

Foundation Home Loans increases borrowing limits to £3m

Foundation Home Loans increases borrowing limits to £3m

Foundation Home Loans has increased the maximum total borrowing limits on its buy-to-let range from £2 million to £3 million.

28 Nov 2017

City house price growth rebounds to 6.1%

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City house price growth rebounds to 6.1%

City house price growth increased to 6.1% in October, the highest rate of growth since September 2016, according to the latest Hometrack data.

28 Nov 2017

All UK banks pass BoE stress tests for first time

All UK banks pass BoE stress tests for first time

For the first time since the Bank of England launched its stress tests in 2014, all of the UK's biggest lenders passed the 2017 scenario.

28 Nov 2017

Bridging lending rebounds to eclipse pre-Brexit high

Bridging lending rebounds to eclipse pre-Brexit high

Gross annual bridging lending reached a new high of £4.7bn in September, eclipsing the pre-Brexit high of £4.4bn, according to research from West One Loans.

28 Nov 2017

L&G launches new critical illness offering

L&G launches new critical illness offering

Legal & General has enhanced its critical illness offering by partnering with RedArc to introduce six additional support services for customers at no extra cost.

28 Nov 2017

Remortgaging makes up 39% of lending: The Mortgage Hut

Remortgaging makes up 39% of lending: The Mortgage Hut

Remortgaging has hit a record high at The Mortgage Hut, accounting for 39% of all mortgages.

27 Nov 2017

Poorest retirees to see smallest pension rise

Poorest retirees to see smallest pension rise

The poorest pensioners will get the smallest increase in their pension income in April 2018, according to Royal London analysis.

27 Nov 2017

Cashback mortgage deals up 27%

Cashback mortgage deals up 27%

The number of cashback mortgage deals has increased by 27% over the past year, from 948 in November 2016 to 1,203 today, according to new Moneyfacts data.

27 Nov 2017

PMS Mortgage Club partners with Holmesdale Building Society

PMS Mortgage Club partners with Holmesdale Building Society

PMS Mortgage Club has added Holmesdale Building Society to its lender panel, making their range of residential mortgages available to members of PMS Mortgage Club.

27 Nov 2017

Platform lowers ICR to 128% for lower rate tax payers

Platform lowers ICR to 128% for lower rate tax payers

Platform, the intermediary arm of The Co-operative Bank, will now assess all buy-to-let mortgage applications made by lower rate tax payers using a minimum of 128% rental cover at a notional interest rate of 5.50%.

27 Nov 2017

Accord enters interest only market

Accord enters interest only market

Accord Mortgages has launched into the interest only market, adding the repayment options to its residential mortgage range.

27 Nov 2017

Newcastle Intermediaries launches ERC-free and fee assisted products

Newcastle Intermediaries launches ERC-free and fee assisted products

Newcastle Intermediaries has launched a new mortgage product with no early repayment charges, as well as a new fee assisted range.

27 Nov 2017

House of Lords debate making rental payments proof of mortgage affordability

House of Lords debate making rental payments proof of mortgage affordability

The second reading of the Creditworthiness Assessment Bill took place last week in the House of Lords, setting out plans to include rental payments in consumers' credit scores.

27 Nov 2017

Business growth and regulation increasing adviser working hours

Business growth and regulation increasing adviser working hours

Nearly two out of five advisers are working longer hours over the past twelve months due to a combination of business growth and increased compliance and regulatory requirements, according to research from Prudential.

27 Nov 2017

Paragon scraps portfolio buy-to-let valuation and application fees

Paragon scraps portfolio buy-to-let valuation and application fees

Paragon has removed valuation and application fees from its entire range of buy-to-let portfolio products.

27 Nov 2017

In the Spotlight with Nicola Firth, Knowledge Bank

In the Spotlight with Nicola Firth, Knowledge Bank

We spoke to Nicola Firth, CEO of Knowledge Bank and Compass Systems, about the launch of the criteria search system, the inspiration behind it, and her hopes predictions for the mortgage market in 2018.

24 Nov 2017

Budget 2017
Fixing a broken market: did Hammond miss a trick by not addressing downsizing?

Budget 2017
Fixing a broken market: did Hammond miss a trick by not addressing downsizing?

There’s only really one place to start and that’s with the Budget and what it might mean, particularly for our sector and our client demographic. As Philip Hammond spoke, and there appeared to be a concerted effort to loosen the ‘austerity belt’, I couldn’t help wonder how he planned to pay for many of the measures.

24 Nov 2017

Budget 2017
Little-noticed Budget 'stealth tax' to hit millions of savers: Royal London

Budget 2017
Little-noticed Budget 'stealth tax' to hit millions of savers: Royal London

A little-noticed Budget measure, which is set to raise hundreds of millions of pounds for the Chancellor, will affect millions of savers, according to mutual insurer Royal London.

24 Nov 2017

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