Latest News

L&G Mortgage Club launches 2-year fix with Skipton from 2.69%

Mortgages

L&G Mortgage Club launches 2-year fix with Skipton from 2.69%

Legal & General Mortgage Club is delighted to announce the launch of an exclusive two year fixed rate product with Skipton Building Society.

12 Dec 2012

Cheval closes doors after 17 years

Cheval closes doors after 17 years

After 17 years in the short term finance market, Cheval Bridging Finance has announced closing its doors.

12 Dec 2012

Two fifths believe auto enrolment will increase risk aversion

Retirement

Two fifths believe auto enrolment will increase risk aversion

The onset of auto-enrolment will signal an adoption of more risk averse investment strategies by UK Pensions Schemes, according to the latest poll by Baring Asset Management.

12 Dec 2012

North-South gap widens as home repossessions 25% higher in North

Latest News

North-South gap widens as home repossessions 25% higher in North

A prominent north-south divide is opening up in housing repossessions, with the north now seeing 32% more repossessions than the south, according to detailed research released this morning by e.surv chartered surveyors.

11 Dec 2012

V Loans helps Masthaven complete its largest secured loan

V Loans helps Masthaven complete its largest secured loan

National secured loans packager, V Loans, in association with introducer, The Aftersales Network, has helped Masthaven Secured Loans to complete its first six figure loan of £100,000.

11 Dec 2012

Hinckley and Rugby drops rates on core products

Mortgages

Hinckley and Rugby drops rates on core products

Hinckley & Rugby Building Society has announced that from 14th December it will be reducing the rates on some of its core products by up to 0.4%.

11 Dec 2012

Mortgage advances up 7% in Q3

Mortgages

Mortgage advances up 7% in Q3

The Financial Services Authority has released its Mortgage Lending Data today showing that new advances in the quarter have risen by 7%, to £40bn.

11 Dec 2012

Landlords have high hopes for BTL in 2013, says CHL survey

Landlords have high hopes for BTL in 2013, says CHL survey

The majority of property investors remain positive about the outlook for the private rental sector in 2013, according to the latest Landlord Survey conducted by specialist lender, CHL Mortgages.

11 Dec 2012

TBMC launches 80% fix with Leeds Building Society

TBMC launches 80% fix with Leeds Building Society

TBMC, the buy-to-let and commercial mortgage specialist, has just launched a new exclusive buy-to-let mortgage with Leeds Building Society which is available up to 80% LTV.

11 Dec 2012

Aldermore cuts mortgage rates for limited period

Mortgages

Aldermore cuts mortgage rates for limited period

British challenger bank Aldermore is cutting its mortgage rates on the following products for a limited period:

11 Dec 2012

 

Flexibility and fees are key factors in choosing development finance lenders

Flexibility and fees are key factors in choosing development finance lenders

New research carried out by United Trust Bank has found that ‘flexibility’ (25%) and ‘lender fees and charges’ (25%) are the attributes most brokers consider most important when sourcing development finance.

10 Dec 2012

The Cambridge cuts BTL rates by up to 0.80%

Mortgages

The Cambridge cuts BTL rates by up to 0.80%

The Cambridge Building Society has re-launched its Buy to Let mortgage range, reducing rates by up to 0.80% and cutting fees.

10 Dec 2012

Equity release could diffuse interest-only time bomb

Retirement

Equity release could diffuse interest-only time bomb

Bridgewater Equity Release have called on equity release advisers and their introducers to consider equity release as a possible solution for those close to retirement interest-only mortgage borrowers who have no specific repayment vehicle in place.

10 Dec 2012

Buy-to-let causes valuations rise in November

Legal

Buy-to-let causes valuations rise in November

Valuations activity in November saw an annual rise after a strong performance from the buy-to-let sector, according to the latest Housing Market Activity Report by Connells Survey & Valuation.

10 Dec 2012

Brightstar strengthens Commercial and Bridging Division

Brightstar strengthens Commercial and Bridging Division

Brightstar Financial, the intermediary hub for specialist lending, has appointed commercial mortgage specialist, Robert Collins, to its growing commercial and bridging division.

10 Dec 2012

Enterprise Finance completes £20m in November

Enterprise Finance completes £20m in November

The rude health of the bridging finance sector was confirmed yet again today, with the announcement by specialist loans distributor, Enterprise Finance, that last month it completed its highest ever amount of short-term loans by value.

10 Dec 2012

Adam Oldfield, Sales Director at Vertex Financial Services

In The Spotlight

Adam Oldfield, Sales Director at Vertex Financial Services

Financial Reporter had a chat with Adam Oldfield, Sales Director at Vertex Financial Services.

07 Dec 2012

Leeds launches 3-year fix up at 3.69%

Mortgages

Leeds launches 3-year fix up at 3.69%

Leeds Building Society has unveiled a market leading 3 year fixed rate mortgage at 3.69% available up to 85% LTV.

07 Dec 2012

Accord cuts rates on 90% LTV by 0.15%

Mortgages

Accord cuts rates on 90% LTV by 0.15%

Borrowers and brokers have been given some early Christmas cheer thanks to a new set of low-fee products and rate reductions at 90% LTV by Accord Mortgages.

07 Dec 2012

80% of SVR borrowers could save money by remortgaging

Mortgages

80% of SVR borrowers could save money by remortgaging

HSBC estimates that 4.4 million mortgage borrowers, representing 39% of the total mortgage market, are now on their respective lenders' Standard Variable Rate. The average of UK lenders SVRs is currently 4.86%.

07 Dec 2012

Virgin slashes rates for buyers with smaller deposits

Mortgages

Virgin slashes rates for buyers with smaller deposits

Virgin Money have given first time buyers a boost with reductions to their interest rates on a number of mortgages across their range.

07 Dec 2012

Ethical investment takes root

Savings & Investments

Ethical investment takes root

An increasing number of people want to know more about how our money is used by financial institutions and would be interested in investing ethically if they knew more about it, according to Emerald Knight, the ethical investment specialist.

06 Dec 2012

Leeds use FLS to increase new lending

Leeds use FLS to increase new lending

The first published numbers for the Funding for Lending Scheme released this week by the Bank of England showed that net lending was only £498m, despite a total drawdown of over £4.3bn.

06 Dec 2012

rebuildingsociety.com launches 1% introducer fee incentive

Savings & Investments

rebuildingsociety.com launches 1% introducer fee incentive

Investment advisers can now earn a one per cent introducer fee when they refer clients who lend a minimum of £2k to businesses listed on rebuildingsociety.com, the peer-to-business lending platform.

06 Dec 2012

Mayfair granted permission to operate UCIS

Mayfair granted permission to operate UCIS

Mayfair Bridging have been granted permission to become the authorised operater of a Unregulated Collective Investment Scheme.

06 Dec 2012

House prices see 1% rise in November

Legal

House prices see 1% rise in November

Data released by Halifax today shows that house prices in Novermber were 1.0% higher than those in October, with five monthly rises and six falls in the first 11 months of 2012.

06 Dec 2012

Bridging up 51% as owner occupiers turn away from mainstream banks

Bridging up 51% as owner occupiers turn away from mainstream banks

Tough rules on lending are already hitting millions trying to get a mortgage and many borrowers are turning to the bridging industry for help, according to short-term secured lender West One Loans.

06 Dec 2012

More retirement options now available from Sharia-compliant scheme

Retirement

More retirement options now available from Sharia-compliant scheme

IFAs advising clients on retirement planning and schemes suitable for UK pension auto-enrolment legislation can now also offer a Sharia compliant investment service, called the Discretionary Portfolio Service.

05 Dec 2012

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