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Paradigm and L&G update buy-to-let lender matrix documents

Paradigm and L&G update buy-to-let lender matrix documents

Legal & General Mortgage Club and Paradigm Mortgage Services have both updated their buy-to-let matrix documents to include all lender’s positions on portfolio lending, following PRA changes enforced on 30th September 2017.

02 Oct 2017

Government boosts Help to Buy funding by £10bn

Government boosts Help to Buy funding by £10bn

The government has announced that it will invest a further £10 billion in the Help to Buy Equity Loan scheme.

02 Oct 2017

Keystone adopts portfolio BTL solution in "game-changer for brokers"

Keystone adopts portfolio BTL solution in "game-changer for brokers"

Keystone Property Finance has adopted eTech's Buy to Let Hub to help brokers quickly upload portfolio details when submitting buy-to-let applications from portfolio landlords.

02 Oct 2017

Aldermore launches purchase and remortgage rates from 2.38%

Aldermore launches purchase and remortgage rates from 2.38%

Aldermore has revamped its owner occupier mortgage range across both remortgage and purchase only products, with new rates starting from just 2.38%.

02 Oct 2017

Mortgage Brain adds six Master Brokers to second charge sourcing system

Mortgage Brain adds six Master Brokers to second charge sourcing system

Mortgage Brain has enhanced its second charge sourcing system with six new Master Brokers: Fluent Money, Norton Finance, Brightstar, Positive Lending, Clever Lending and The Loan Partnership.

02 Oct 2017

Halifax loosens self-employed trading criteria

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Halifax loosens self-employed trading criteria

Halifax Intermediaries has announced that from today, the income information required for self-employed customers is reducing from three to two years.

02 Oct 2017

LMS names Nick Chadbourne new CEO as Andy Knee steps down

LMS names Nick Chadbourne new CEO as Andy Knee steps down

Conveyancing service provider and panel manager LMS has promoted chief operating officer Nick Chadbourne to the role of CEO, replacing outgoing chief executive Andy Knee with immediate effect.

02 Oct 2017

Vida's first year applications total £800m

Vida's first year applications total £800m

Vida Homeloans has recorded £1.6 billion in DIPs and £800 million in applications in the 12 months since it first launched its specialist residential and buy-to-let proposition to the UK market.

02 Oct 2017

Landbay makes five new hires following record lending month

Landbay makes five new hires following record lending month

Landbay has reported a record month of buy-to-let lending in September, with a total of £6.31 million lent across 31 mortgages.

02 Oct 2017

Nigel Waterson to step down as Equity Release Council Chair

Nigel Waterson to step down as Equity Release Council Chair

The Equity Release Council has announced that Nigel Waterson is stepping down as Chair after nearly six years at the helm.

02 Oct 2017

 

Pepper unveils new mortgage portal and revamped range

Pepper unveils new mortgage portal and revamped range

Recently rebranded Pepper Money has launched a new product range and unveiled its new online portal.

02 Oct 2017

In the Spotlight with Carlos Thibaut, 360 Dot Net

In the Spotlight with Carlos Thibaut, 360 Dot Net

We spoke to Carlos Thibaut, CEO of 360 Dot Net, about its 30-minute mortgage process and how the fintech industry will continue to evolve.

29 Sep 2017

Shift out of your comfort zone

Shift out of your comfort zone

Are you sitting comfortably? Then I’ll begin. But, wait a minute, just how comfortable are you? What would it take to get you to move? Are you so comfortable that it would only take a huge amount of disruption to get you to stand up and go and find somewhere else to sit? Perhaps only then would you realise that the place where you thought you were most comfortable was actually not the best place for you.

29 Sep 2017

Personal pension contributions pass pre-crisis high

Personal pension contributions pass pre-crisis high

HMRC's new 2015/16 estimates show that personal pension contributions have finally passed the peak they achieved back in 2007/08 just as the global financial crisis was breaking.

29 Sep 2017

Over 134,000 homes purchased through Help to Buy

Over 134,000 homes purchased through Help to Buy

The latest DCLG Help to Buy statistics show that since the launch of the Help to Buy: Equity Loan scheme in April 2013, 134,558 properties were bought with an equity loan.

29 Sep 2017

Teachers BS launches new Home Saver account

Teachers BS launches new Home Saver account

Teachers Building Society has launched a new Union Home Saver for members of the NEU, which offers £600 cashback to teachers who subsequently take out a mortgage with the Society.

29 Sep 2017

Housing demand falls to 12-month low: NAEA

Housing demand falls to 12-month low: NAEA

Summer holiday season pushed down demand for housing in August, with the number of house hunters registered at estate agents dropping to a 12-month low of 343 on average, according to the latest report from the National Association of Estate Agents.

29 Sep 2017

Charter Court share price values firm at £550m

Charter Court share price values firm at £550m

Precise Mortgages parent company, Charter Court Financial Services Group, has seen its share price set at 230p, valuing the company at approximately £550 million.

29 Sep 2017

Mortgage approvals slip in August: BoE

Mortgage approvals slip in August: BoE

Mortgage approvals for house purchase fell slightly in August, according to the latest Bank of England Money and Credit figures.

29 Sep 2017

November rate rise becoming more likely: Nationwide

November rate rise becoming more likely: Nationwide

Robert Gardner, Nationwide's Chief Economist, says a "near-term rate hike is becoming more likely".

29 Sep 2017

Mortgage approvals see "significant" 7.8% rise: e.surv

Mortgage approvals see "significant" 7.8% rise: e.surv

Mortgage approvals during August were "significantly higher than a year ago", seeing growth of 7.8%, according to e.surv data.

29 Sep 2017

Manchester tops city house price list as London prices fall: Hometrack

Manchester tops city house price list as London prices fall: Hometrack

Manchester and Birmingham are the two cities with the biggest growth in house prices in the 12 months to August, according to the latest Hometrack house price index.

29 Sep 2017

Downsizing not the only option for today's retirees

Downsizing not the only option for today's retirees

New research has found that almost half of Britons over 65 years would consider downsizing, especially if they could be exempt from paying stamp duty. However, buying a smaller home isn’t the only option.

28 Sep 2017

Natwest announce new ICR for BTL business

Natwest announce new ICR for BTL business

NatWest Intermediary Solutions will implement the new PRA requirements for buy-to-let business from Friday 29th September. At the same time, it will introduce its revised Interest Coverage Ratio (ICR) calculation of 5.5% x 135%, reduced from 5.5% x 145%.

28 Sep 2017

ONS: Occupational pension scheme membership at highest ever recorded level

ONS: Occupational pension scheme membership at highest ever recorded level

The latest data from ONS has revealed that total membership of occupational pension schemes in the UK was 39.2 million in 2016, the highest level recorded by the survey, representing an increase of 17.1% compared with 2015.

28 Sep 2017

More support needed to increase adviser numbers

More support needed to increase adviser numbers

New research from Prudential has revealed that despite increasing optimism amongst advisers that the market for advice will continue to grow, many fear not enough is being done to encourage new recruits.

28 Sep 2017

Could Junior ISAs spark an FTB boom?

Could Junior ISAs spark an FTB boom?

New research has found that if savings into Junior ISAs continue at the current rate young people’s worries about saving a large enough deposit for their first home could be solved.

28 Sep 2017

No summer lull for mortgage market, MAB report shows

No summer lull for mortgage market, MAB report shows

Mortgage Advice Bureau's National Mortgage Index for August has shown 'little evidence' that the summer slowdown affected August this year, with average purchase price only slightly lower (1.2%) month-on-month.

28 Sep 2017

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