Latest News

Leeds reduces rate to just 2.09% on 2 year fix

Mortgages

Leeds reduces rate to just 2.09% on 2 year fix

Leeds Building Society has reduced the rate on its 2 year fixed rate mortgage by 0.15% to a new rate of just 2.09% available up to 65% LTV.

20 Mar 2013

Shawbrook completes its largest loan through Y3S

Shawbrook completes its largest loan through Y3S

Market leading secured lender Shawbrook Bank has completed on a £330,000 secured loan, its largest to date.

20 Mar 2013

Gross mortgage lending down 8% in February

Mortgages

Gross mortgage lending down 8% in February

The Council of Mortgage Lenders estimates that total gross mortgage lending declined to £10.5 billion in February.

20 Mar 2013

Building societies and new banks take 22% of FLS

Building societies and new banks take 22% of FLS

Building societies and new banks have generated net mortgage lending of £7.7 billion since the launch of the Funding for Lending Scheme.

20 Mar 2013

Secured lending sees 21% year-on-year increase

Secured lending sees 21% year-on-year increase

According to the latest Secured Loans Index from Loans Warehouse, secured lending saw the sixteenth consecutive month of year-on-year growth, with lending last month up 21% on February 2012.

20 Mar 2013

Brokers to focus on commercial finance in 2013

Brokers to focus on commercial finance in 2013

Commercial finance is set to be a major source of business for brokers, according to figures from Lancashire Mortgage Corporation.

19 Mar 2013

Banks still long way to go to get rid of 'bad' loans, PwC analysis shows

Banks still long way to go to get rid of 'bad' loans, PwC analysis shows

New research unveiled at PwC’s European Debt Portfolio Conference shows that despite the massive balance sheet deleveraging by many banks across Europe, the volume of non-core assets they hold has remained largely unchanged since the beginning of 2012.

19 Mar 2013

Coventry Intermediaries launches range at 75% from 2.49%

Mortgages

Coventry Intermediaries launches range at 75% from 2.49%

Coventry Intermediaries has launched a highly competitive range of 2 and 5 year fixed rates available at 75% LTV with low rates starting from 2.49%.

19 Mar 2013

FTBs aim high with plans for 3-bed first home

Mortgages

FTBs aim high with plans for 3-bed first home

First time buyers are aiming high when it comes to the size of house they want to buy, according to new research from Clydesdale and Yorkshire Banks.

19 Mar 2013

Halifax cuts rates on tracker and fixed mortgages

Mortgages

Halifax cuts rates on tracker and fixed mortgages

Halifax has announced a number of rate reductions across its range in a move to further support the UK's mortgage market.

19 Mar 2013

 

Asset finance confidence survey shows optimistic outlook

Asset finance confidence survey shows optimistic outlook

The latest asset finance confidence survey from the FLA shows that new business is expected to increase by more than 10% during the next twelve months.

19 Mar 2013

Remortgaging sees 17% increase in applications and higher LTVs

Mortgages

Remortgaging sees 17% increase in applications and higher LTVs

The highest average remortgage loan to value recorded since January 2009 coincided with a 17% monthly increase in applications, according to February’s National Mortgage Index from Mortgage Advice Bureau.

19 Mar 2013

First Complete introduces missed payment notifications for advisers

Protection

First Complete introduces missed payment notifications for advisers

First Complete has introduced a new notification system to let its members know when one of their clients has missed a payment on their protection policy so the policy may be at risk of lapsing.

19 Mar 2013

Next Intelligence launches exclusive protection proposition

Protection

Next Intelligence launches exclusive protection proposition

Next Intelligence has enhanced its protection proposition with the launch of three new, exclusive panel options available to directly authorised advisers. Options available include a whole of market, 4 plus 1 and multi-tie panel.

18 Mar 2013

60% of renters 'never expect' to buy their own home

Mortgages

60% of renters 'never expect' to buy their own home

Around 4.5 million - equivalent to 61% - of all private and social renters in England do not ever expect to buy a home, according to new analysis from housing investment and shared equity mortgage provider, Castle Trust.

18 Mar 2013

Law Society urges solicitors to respond to challenges facing conveyancing market

Legal

Law Society urges solicitors to respond to challenges facing conveyancing market

The conveyancing market is changing and solicitors need to respond in order to sustain their businesses, Des Hudson, Chief Executive of the Law Society said today.

18 Mar 2013

The Nottingham signs 5-year deal with Gateway surveyors

Legal

The Nottingham signs 5-year deal with Gateway surveyors

The Nottingham Building Society has today extended its panel management agreement with Gateway with the signing of a new 5-year contract.

18 Mar 2013

3mc gives brokers access to low-cost investment property funding

Savings & Investments

3mc gives brokers access to low-cost investment property funding

Mortgage distributor 3mc is giving brokers access to some of the cheapest investment property funding currently available in the UK.

18 Mar 2013

Brokers offer prime unsecured loans through Promise Solutions

Brokers offer prime unsecured loans through Promise Solutions

The master broker Promise Solutions, has launched an online unsecured loan facility for its introducing brokers.

18 Mar 2013

Vivi Friedgut, founder and director of Blackbullion

In The Spotlight

Vivi Friedgut, founder and director of Blackbullion

Financial Reporter chats to Vivi Friedgut, founder and director of Blackbullion.

15 Mar 2013

N&P extends commercial mortgage team

Mortgages

N&P extends commercial mortgage team

Norwich and Peterborough Building Society has bolstered its plans to further grow its commercial mortgage lending by hiring two new lending managers.

15 Mar 2013

BTL Business Mortgage Club launch exclusive with H&R

Mortgages

BTL Business Mortgage Club launch exclusive with H&R

The Buy to Let Business Mortgage Club has launched a groundbreaking new exclusive buy-to-let mortgage through Hinckley & Rugby Building Society, to mark their strengthening strategic partnership.

15 Mar 2013

first direct launches fixed rates starting from 2.49%

Mortgages

first direct launches fixed rates starting from 2.49%

first direct, recent winner of the Consumer Moneyfacts Remortgage Buyers' Choice award, will launch three mortgages on Friday 15 March 2013.

15 Mar 2013

Chelsea launches competitive 75% LTV mortgage

Mortgages

Chelsea launches competitive 75% LTV mortgage

Chelsea Building Society is cutting the rate of one of its competitive two year fixed rate mortgages from today.

15 Mar 2013

Investors urged to inflation-proof their portfolios before it’s too late

Savings & Investments

Investors urged to inflation-proof their portfolios before it’s too late

UK inflation expectations this week hit their highest level since the start of the financial crisis in 2008

14 Mar 2013

Seasonal dip in lending masks strongest January since 2008

Mortgages

Seasonal dip in lending masks strongest January since 2008

House purchase lending recorded its highest January total since 2008, according to new data released today by the Council of Mortgage Lenders

14 Mar 2013

Advisers predict mortgage lending rise in 2013

Mortgages

Advisers predict mortgage lending rise in 2013

Latest research from Avelo has revealed that eight in 10 (80%) intermediaries predict a rise in mortgage lending in 2013 with only three per cent envisaging a fall during this period

14 Mar 2013

80% of investment directions think RDR will have positive impact

Savings & Investments

80% of investment directions think RDR will have positive impact

At the AIC Conference for Directors last week, a poll indicated that an overwhelming majority of directors surveyed (80%) consider the impact of RDR on the investment company sector will be positive over the longer-term.

13 Mar 2013

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