Latest News

Accord launches 10-day sale from 2.59%

Mortgages

Accord launches 10-day sale from 2.59%

Accord Mortgages has launched six new competitive mortgages for 10 days only as it seeks to offer brokers and their customers a bright end to 2012.

27 Nov 2012

Post Office extends in-branch offering

Mortgages

Post Office extends in-branch offering

Following the successful launch of the Mortgage Specialists in branch offering earlier this year, the Post Office is introducing Specialists into a further three branches across the UK – Peterborough, Nottingham and Cambridge.

27 Nov 2012

Shawbrook boosts LTV on interest-only range

Mortgages

Shawbrook boosts LTV on interest-only range

Shawbrook Bank has increased its interest only options across all property types following feedback from its network of brokers and intermediaries.

27 Nov 2012

Packagers prove their value, says Complete FS

Mortgages

Packagers prove their value, says Complete FS

Complete FS, the South Coast based national mortgage distributor and packager, has reported a dramatic increase of over 63% in new business levels over the last quarter compared to the same period in 2011.

27 Nov 2012

81% of advisers prefer to use online quotations for GI

Protection

81% of advisers prefer to use online quotations for GI

94 percent of mortgage advisors view general insurance as an important part of their business and value the recurring income it can provide, according to the results of a recent survey conducted by Berkeley Alexander.

26 Nov 2012

First Complete ensures brokers are ready for G-Day

Protection

First Complete ensures brokers are ready for G-Day

With just one month left until the Gender Directive comes into force, First Complete has developed a range of tools for its members to ensure they are effectively using the time left before 21st December.

26 Nov 2012

Leeds cuts rates on 2-year mortgage by 0.26%

Mortgages

Leeds cuts rates on 2-year mortgage by 0.26%

Leeds Building Society has reduced its 2-year discount mortgage, available between 81% and 85% loan to value, by 0.26% to 3.99%.

26 Nov 2012

Halifax reaches 1000 NewBuy applications

Mortgages

Halifax reaches 1000 NewBuy applications

Halifax has this week reached a major milestone in its support of NewBuy, receiving its 1000th application.

26 Nov 2012

Average loan size doubles as secured market grows

Average loan size doubles as secured market grows

The secured loan market is not only growing in terms of business volume but also in average loan size as more intermediaries turn to the sector because of lack of appetite for capital raising remortgages in the first charge market, according to V Loans.

26 Nov 2012

84% predict stability in lending industry within 2 years

84% predict stability in lending industry within 2 years

A survey by Nostrum has revelealed that 84% of responsdents predict the lending industry will be stable over the next two years.

23 Nov 2012

 

Leeds Building Society make cuts of up to 0.59%

Mortgages

Leeds Building Society make cuts of up to 0.59%

Leeds Building Society has reduced the rate on its 2 year fixed rate mortgage by 0.41% to a competitive rate of just 2.54%, available up to 75% LTV.

23 Nov 2012

Mortgage lending and approvals rise in October

Mortgage lending and approvals rise in October

Gross mortgage lending of £7.5bn in October was slightly above the recent monthly average, reveals the latest BBA Monthly Statistics Release.

23 Nov 2012

More than 10% of mortgage applications refused with 'no explanation'

Mortgages

More than 10% of mortgage applications refused with 'no explanation'

According to research conducted by YouGov for Countrywide, 11% of people who are turned down when applying for a mortgage are given no explanation, with 9% stating they were turned down because they were self-employed.

23 Nov 2012

Pink relaunches its Pink Mortgage Club for DA advisers

Mortgages

Pink relaunches its Pink Mortgage Club for DA advisers

Pink is relaunching its offering to directly authorised mortgage and protection advisers including a free compliance package for its Club VIP members.

22 Nov 2012

Working together

Matt Tristram - LW

Working together

We officially exited a recession in the third quarter of this year; effects that were emphasised in October’s secured loan lending figures.

22 Nov 2012

IMLA appoints first chairman from a mainstream bank

Mortgages

IMLA appoints first chairman from a mainstream bank

IMLA, the trade association for UK lenders involved in the intermediary mortgage market, has today announced its new chairman and board of directors for 2013 at its Annual General Meeting in London.

22 Nov 2012

FSA to raise minimum capital for SIPPs operators

Retirement

FSA to raise minimum capital for SIPPs operators

The Financial Services Authority has published a consultation paper outlining how much capital Self Invested Personal Pension operators must hold in future.

22 Nov 2012

Precise removes minimum income requirement

Mortgages

Precise removes minimum income requirement

Precise Mortgages, the intermediary only lender, is improving two parts of its lending criteria today, which will help brokers to help their customers obtain BTL and Near Prime mortgages.

22 Nov 2012

West One completes loan secured on lease of derelict property

West One completes loan secured on lease of derelict property

Bridging lender West One Loans has completed a £800,000 loan on an unusual project to develop a student hall of residence in London.

22 Nov 2012

Chelsea BS launches unique FTB mortgage

Mortgages

Chelsea BS launches unique FTB mortgage

Chelsea Building Society has announced the launch of a unique first time buyer mortgage, responding to the needs of buyers looking to step onto the property ladder.

22 Nov 2012

Virgin Money cuts residential rates by up to 0.30%

Mortgages

Virgin Money cuts residential rates by up to 0.30%

Virgin Money is reducing a number of interest rates in its residential mortgage range, available from Thursday 22 November 2012.

21 Nov 2012

Savings being 'decimated' by Funding for Lending Scheme

Savings being 'decimated' by Funding for Lending Scheme

Moneyfacts research reveals that the UK savings market is being decimated by the Government’s FLS, which allows lenders to borrow from the Government at vastly reduced rates, negating their need to raise funds via the traditional method of savings.

21 Nov 2012

Financial Reporter & Equity Release Council announce winner of Expo competition

Latest News

Financial Reporter & Equity Release Council announce winner of Expo competition

Financial Reporter and Equity release council are today delighted to announce the winner of their competition to win an iPad Mini which delegates were invited to enter at the Mortgage Business Expo 2012.

21 Nov 2012

46% of advisers feel underqualified to advise on equity release

Retirement

46% of advisers feel underqualified to advise on equity release

While 88% of intermediaries feel their clients may express an interest in equity release at some point during the advice process, just 38% are able to provide advice on this topic reveals new intermediary research from Aviva.

21 Nov 2012

Openwork launches Android app

Protection

Openwork launches Android app

Following the success of Openwork’s protection ‘App’ for Apple mobile devices, the network has launched a new version enabling advisers to obtain protection quotes from Android phones and tablets.

21 Nov 2012

Secured lending fills gap left by high-street lenders

Secured lending fills gap left by high-street lenders

According to data from the latest Secured Loan Index, the amount lent between January 2012 and October 2012 is significantly higher than the entire year of 2011.

21 Nov 2012

A big thank you all round

A big thank you all round

Well, what a week!

20 Nov 2012

AfI improves lending criteria on residential and BTL

Mortgages

AfI improves lending criteria on residential and BTL

Abbey for Intermediaries has opened up its interest-only mortgage policy, now offering part interest-only and part repayment loans up to 75% LTV from tomorrow.

20 Nov 2012

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