Latest News

Metro Bank reduces rates on residential mortgages

Mortgages

Metro Bank reduces rates on residential mortgages

Metro Bank, the revolutionary High Street Bank, today announces a refresh of its residential mortgage range, reducing prices by up to 50bps.

19 Apr 2013

Santander told to contact borrowers due to 'unclear information' on raising SVR

Mortgages

Santander told to contact borrowers due to 'unclear information' on raising SVR

The Financial Conduct Authority has reached an agreement with Santander UK that will see it contact over 270,000 mortgage customers about unclear information it gave before increasing the cap on its mortgage standard variable rate in 2008.

19 Apr 2013

Buy-to-let hotspots revealed by HSBC

Mortgages

Buy-to-let hotspots revealed by HSBC

Rental yields of 7.82% and private rental accommodation making up almost a quarter of its housing stock make Southampton the best place in the UK for buy to let investors according to research from HSBC.

19 Apr 2013

Gross mortgage lending up 9% in March

Mortgages

Gross mortgage lending up 9% in March

The Council of Mortgage Lenders estimates that total gross mortgage lending increased to £11.6 billion in March.

19 Apr 2013

Making ties with the NAELB

Making ties with the NAELB

At time of writing, I am actually out of the country, preparing for an appearance at the National Association of Asset and Equipment and Leasing Brokers. We’re looking to build closer ties with their association.

19 Apr 2013

Shawbrook Bank opens up business to offshore companies and trusts

Savings & Investments

Shawbrook Bank opens up business to offshore companies and trusts

Shawbrook Bank’s commercial lending team has today announced it will consider funding applications from offshore companies and trusts. The change has been made following feedback from its network of brokers.

19 Apr 2013

Saffron opens up 95% FTB deal to brokers across England

Mortgages

Saffron opens up 95% FTB deal to brokers across England

Saffron Building Society has opened-up access to its popular 95% LTV first-time buyer mortgage, to make it available via mortgage brokers based throughout England and Wales.

19 Apr 2013

Intermediaries say buy-to-let most popular use of alternative lending

Intermediaries say buy-to-let most popular use of alternative lending

Buy-to-let investments are the most popular use for alternative lending, according to a poll of financial intermediaries.

19 Apr 2013

Fixed rates hit historic lows

Mortgages

Fixed rates hit historic lows

Buyers can now benefit from some of the cheapest ever fixed-rate mortgages, as banks and building societies continue to lower their interest rates.

18 Apr 2013

Brokers can be crucial in selecting a conveyancer, says GW Senior Partner

Legal

Brokers can be crucial in selecting a conveyancer, says GW Senior Partner

Eddie Goldsmith, Senior Partner at Goldsmith Williams has made a call to mortgage brokers to ensure they continue to play an active role in guiding clients towards a specialist firm for their conveyancing.

17 Apr 2013

 

Mortgage activity up 25% in Q1

Mortgages

Mortgage activity up 25% in Q1

A 25% increase in mortgage activity during the first quarter of 2013 points to a growing resurgence in the market, according to March’s National Mortgage Index from Mortgage Advice Bureau.

17 Apr 2013

Coventry launches offset and Flexx mortgage range from 2.65%

Mortgages

Coventry launches offset and Flexx mortgage range from 2.65%

Coventry Intermediaries has launched a highly competitive range of Offset and Flexx for Term options.

17 Apr 2013

Buyers viewing more properties than ever before committing

Mortgages

Buyers viewing more properties than ever before committing

A recent survey from Move with Us has revealed that potential home owners are viewing a record number of properties before committing to buy their ideal home.

17 Apr 2013

LV= pay 95% of protection claims in 2012

Protection

LV= pay 95% of protection claims in 2012

Protection specialist LV= paid out 95% of underwritten protection claims in 2012.

17 Apr 2013

Relaunched Prestige Finance completes first new loan

Relaunched Prestige Finance completes first new loan

Prestige Finance, the intermediary dedicated secured loan lender, has announced the completion of the first new loan since its relaunch in March as part of OneSavings Bank plc.

17 Apr 2013

House prices grow twice as fast as retirees' incomes

Retirement

House prices grow twice as fast as retirees' incomes

Rising house prices over the last fifteen years mean that many retirees are living in an increasingly valuable asset that has grown almost twice as fast as the average pensioner income, the Equity Release Council has found.

17 Apr 2013

Smaller properties provide best BTL yields for landlords & investors

Savings & Investments

Smaller properties provide best BTL yields for landlords & investors

One and two-bedroom properties provide the highest rental returns for investors with average yields of 6.8% and 6.4% respectively, according to data from lettings agent Countrywide.

16 Apr 2013

Co-op Bank launches competitive fixed rate range

Mortgages

Co-op Bank launches competitive fixed rate range

The Co-operative Bank has launched a range of highly competitive fixed mortgage rates, designed to support new and existing customers.

16 Apr 2013

Hope Capital becomes newest member of ASTL

Hope Capital becomes newest member of ASTL

The Association of Short Term Lenders today announces Hope Capital Ltd, the privately funded specialist provider of bridging loans, as its newest member.

16 Apr 2013

37% of homeowners would 'welcome' shared equity scheme

Mortgages

37% of homeowners would 'welcome' shared equity scheme

Around two out of five mortgage customers support the launch of more shared equity products to help ease the pressure on homebuyers, new research from housing investment and shared equity pioneer Castle Trust shows.

16 Apr 2013

March home lending drops as borrower demand weakens

March home lending drops as borrower demand weakens

House purchase lending fell 7% in March thanks to weakening borrower demand and tough lending criteria, according to the latest Mortgage Monitor from e.surv chartered surveyors.

15 Apr 2013

SimplyBiz grants Enterprise Finance and The Loans Engine preferred partner status

SimplyBiz grants Enterprise Finance and The Loans Engine preferred partner status

With immediate effect, Enterprise Finance and The Loans Engine have been granted preferred partner status with SimplyBiz Mortgages.

15 Apr 2013

Fincorp drops minimum bridging loan size

Fincorp drops minimum bridging loan size

Bridging lender Fincorp has announced it is dropping its minimum bridging loan size down to £100,000 immediately.

15 Apr 2013

Saffron cuts Professional Mortgage rate - and mortgage advisers are now eligible

Mortgages

Saffron cuts Professional Mortgage rate - and mortgage advisers are now eligible

Saffron Building Society has cut the rate on its Professional Mortgage by 1% to 4.99% and has also added mortgage advisers, IFAs and teachers to its list of qualifying professionals.

15 Apr 2013

Bright Grey celebrates 10th birthday with £200m critical illness cover giveaway

Protection

Bright Grey celebrates 10th birthday with £200m critical illness cover giveaway

To mark its 10th birthday, Bright Grey today announced that from 22 April it will offer customers a year’s free critical illness cover when they apply for life cover under its personal protection menu.

15 Apr 2013

Working with specialist lenders

Blogs

Working with specialist lenders

[This blog from Shawbrook comes from Karen Bennett, Head of Sales and Marketing, Commercial Mortgages.]

15 Apr 2013

CML: Lending to FTBs up in February

Mortgages

CML: Lending to FTBs up in February

The number of first-time buyers increased by 3% in February, marking the best start to a year since 2008, according to new data released today by the Council of Mortgage Lenders.

15 Apr 2013

Secured lending hits 42-month high

Secured lending hits 42-month high

The latest figures in the Secured Loan Index are the best since the index began; in fact they are the best since October 2009.

15 Apr 2013

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