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LendInvest to support aspiring housebuilders with new initiative

LendInvest to support aspiring housebuilders with new initiative

LendInvest has launched the LendInvest Property Development Academy, a new initiative designed to teach aspiring small-scale developers the skills they need to build more homes.

15 Sep 2016

Brokers predict further 10% growth in second charge market

Brokers predict further 10% growth in second charge market

Brokers expect the value of the second charge loans market to increase by around 10% in the next two years, according to research from V Loans.

15 Sep 2016

TSB cuts high-LTV rates by up to 0.41%

TSB cuts high-LTV rates by up to 0.41%

TSB has reduced rates across a range of fixed and tracker-rate mortgages for homemovers, remortgagors and landlords, as well as increasing the maximum loan available on selected mortgages to £1m.

15 Sep 2016

60% of advisers vote against easier product area access

60% of advisers vote against easier product area access

Almost two-thirds of attendees in a seminar focusing on equity release at this year’s Financial Service Expo (FSE) London agreed that advisers should not have easier access to any product area.

15 Sep 2016

Brexit: Short term pain - long term gain?

Brexit: Short term pain - long term gain?

According to advisers at yesterday’s FSE London exhibition, the decision to leave the EU could bring short-term pain for the UK economy and British business, but ultimately result in a long-term gain.

15 Sep 2016

Skipton launches new 2 year fixed exclusives

Skipton launches new 2 year fixed exclusives

Skipton Intermediaries has announced that it has launched a new suite of intermediary exclusives, offering a selection of two-year fixed rate deals, available for purchase and remortgage.

14 Sep 2016

Over 55s forced to draw £17bn of property equity

Over 55s forced to draw £17bn of property equity

New research from online estate agent, eMoov.co.uk, has found that those in the later stages of life are having to draw equity from their property in order to survive as spiralling costs of homeownership in the UK continue to see many more priced out of the market.

14 Sep 2016

BTL sector will see less of the 'Dinner Party' landlord

BTL sector will see less of the 'Dinner Party' landlord

The changes impacting buy-to-landlords, including an increase in stamp duty for additional homes and the changes to mortgage interest tax relief next year, will mean a move towards more professional and less ‘dinner party’ landlords active in the private rental sector.

14 Sep 2016

Nurturing new talent key to business growth, says MAB

Nurturing new talent key to business growth, says MAB

Business owners have been urged to consider fresh approaches to growing their business by engaging with, and nurturing, new talent.

14 Sep 2016

FCA to launch Mortgage Market Study before end of year

FCA to launch Mortgage Market Study before end of year

The FCA will formally launch its Mortgage Market Study towards the end of 2016 which will focus specifically on the competition issues faced by consumers in today’s marketplace.

14 Sep 2016

 

Sales surge sees First Complete hit £1bn milestone

Sales surge sees First Complete hit £1bn milestone

First Complete, part of the LSL Property Services Group, has provided cover for customers that totalled over £1.13bn in H1 - a 34% increase on the same period last year.

14 Sep 2016

Brexit impact unlikely to be felt for years, claim industry experts

Brexit impact unlikely to be felt for years, claim industry experts

The UK’s housing and mortgage markets are unlikely to feel the full impact of ‘Brexit’ for a number of years, according to a panel of experts speaking at today’s Financial Services Expo (FSE) London exhibition, taking place at Old Billingsgate.

14 Sep 2016

Is this the worst ever year for annuity income?

Is this the worst ever year for annuity income?

New research ahead of tomorrow's Pensions Awareness Day, has revealed that annuity rates are on track for their biggest ever annual fall.

14 Sep 2016

Retirees lose 20% of lifetime income over pension confusion

Retirees lose 20% of lifetime income over pension confusion

Over 55s urged to shop around and seek advice ahead of Pension Awareness Day 2016.

14 Sep 2016

Borro approved for FCA regulated loans

Borro approved for FCA regulated loans

Secured lender to wealthy clients, Borro, has announced today that it has received permission from the FCA to write regulated Bridging and Consumer Buy to Let loans.

14 Sep 2016

House purchase lending sees 13% drop

House purchase lending sees 13% drop

New data from the Council of Mortgage Lenders, has revealed that purchase lending saw a 13% month on month drop in July. According to the figures, homeowners borrowed £10.6bn for their house purchases, taking out 58,100 loans.

14 Sep 2016

Keystone reduces Classic Range fixed rates

Keystone reduces Classic Range fixed rates

Keystone Property Finance has announced this morning that it has reduced all fixed rates in its Classic Range.

14 Sep 2016

Aldermore announces new limited edition BTL fix

Aldermore announces new limited edition BTL fix

Aldermore has announced today that it has launched a new Limited Edition 5 year Buy-to-Let product aimed at private landlords, for loans up to £1 million.

14 Sep 2016

FHL announces rate cuts across the range

FHL announces rate cuts across the range

Bracknell based BTL lender, Foundation Home Loans, has announced today that it has cut rates across its range as well as moving to a fixed percentage of the loan amount being used as an administration fee, regardless of loan size.

13 Sep 2016

Property 118 to begin legal action against lawyers who advised BOI customers

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Property 118 to begin legal action against lawyers who advised BOI customers

Landlord group Property 118 says it is ready to begin legal action on behalf of its members affected by the Bank of Ireland decision in 2013 to increase the differential charged on their tracker rate mortgage products.

13 Sep 2016

Atom Bank prepares for mortgage launch with new partnership

Atom Bank prepares for mortgage launch with new partnership

Hometrack has been appointed by digital challenger bank, Atom, to provide a range of Automated Valuation Model services.

13 Sep 2016

Inflation remains unchanged at 0.6%

Inflation remains unchanged at 0.6%

CPI rose by 0.6% in the year to August 2016, unchanged from July, despite economists forecasting a rise due to weaker sterling following the Brexit vote leading to a rise in the cost of imported goods.

13 Sep 2016

Mortgage rates fall to new record low: BoE and FCA

Mortgage rates fall to new record low: BoE and FCA

The percentage of mortgage borrowers choosing fixed rates increased from 81.4% in Q1 2016 to 82.3% in Q2 2016, as interest rates continue to fall to record lows, according to the Bank of England and FCA's MLAR data.

13 Sep 2016

'Heat taken out of market' post-Referendum: UK HPI

'Heat taken out of market' post-Referendum: UK HPI

UK house prices increased by 8.3% in the year to July 2016, down from 9.7% in the year to June 2016, according to the latest UK HPI - the first post-referendum house price data from the ONS and Land Registry.

13 Sep 2016

One in three use equity release for family house deposits

One in three use equity release for family house deposits

Nearly one in three equity release customers are using the cash to help their families fund house deposits, according to Bower Retirement.

13 Sep 2016

Mortgage problems 'block one in three sales'

Mortgage problems 'block one in three sales'

More than one in three house sale or purchases fall through because buyers or sellers cannot arrange a mortgage in time, according to Nottingham Building Society research.

13 Sep 2016

Bank of England to begin corporate bond purchases this month

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Bank of England to begin corporate bond purchases this month

The Bank of England has announced that its corporate bond purchase programme will begin on September 27 and will continue for an initial period of 18 months.

13 Sep 2016

House price growth slows as UK shows 'mixed picture'

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House price growth slows as UK shows 'mixed picture'

House prices continued to grow in August - although at a slower rate than in previous months, according to the Your Move Reeds Rains and Acadata house price index.

13 Sep 2016

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