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First-time buyer borrowing at record high: CML

First-time buyer borrowing at record high: CML

First-time buyers borrowed more in 2016 than any other year since CML records began in 1974, according to its latest data.

14 Feb 2017

House prices defy seasonal slowdown with 7.2% December rise

House prices defy seasonal slowdown with 7.2% December rise

Average house prices in the UK increased by 7.2% in the year to December 2016, up from 6.1% in the year to November 2016, according to the UK House Price Index from the ONS and Land Registry.

14 Feb 2017

Inflation rises to 1.8%: ONS

Inflation rises to 1.8%: ONS

The Consumer Prices Index rose by 1.8% in the year to January 2017, up from 1.6% in the year to December 2016, according to the latest ONS statistics.

14 Feb 2017

Vida Homeloans partners with Mortgage Intelligence

Vida Homeloans partners with Mortgage Intelligence

Vida Homeloans has been appointed to the Mortgage Intelligence panel of lenders for both network and club members.

14 Feb 2017

Technology blurs distinction between advice and guidance: FCA Chair

Technology blurs distinction between advice and guidance: FCA Chair

The distinction between advice and guidance has "become much greyer" with an increase in technology and the arrival of robo-advice, according to FCA Chairman John Griffith-Jones.

14 Feb 2017

Barclays to pay stamp duty for first-time buyers

Barclays to pay stamp duty for first-time buyers

Barclays Mortgages has launched the Barclays Homebuyer Cashback Mortgage, designed to help first-time buyers or homemovers recover the cost of stamp duty on their new property purchases.

14 Feb 2017

Is the buy-to-let sector entering a period of stabilisation?

Is the buy-to-let sector entering a period of stabilisation?

Buy-to-let mortgage costs remain at record lows with little movement in rates over the past three months, according to Mortgage Brain research.

13 Feb 2017

FTB applications surge 91% year-on-year

FTB applications surge 91% year-on-year

Yorkshire Building Society has reported a 91% increase in first-time buyers seeking a 95% LTV mortgage between January 2016 and January 2017.

13 Feb 2017

Housing supply doubles in January after seasonal slump

Housing supply doubles in January after seasonal slump

The number of new properties listed across the UK almost doubled in January compared to the previous month, according to the latest Property Supply Index from HouseSimple.

13 Feb 2017

Vida Homeloans revamps buy-to-let proposition

Vida Homeloans revamps buy-to-let proposition

Vida Homeloans has strengthened its buy-to-let proposition in response to the new PRA underwriting standards.

13 Feb 2017

 

Prudential to withdraw from annuity market

Prudential to withdraw from annuity market

Prudential plans to withdraw from the annuity market in 2017 and will instead launch an annuity comparison service for its existing pension customers which will be phased in across 2017.

13 Feb 2017

NatWest to introduce retention proc fees

NatWest to introduce retention proc fees

NatWest intermediary Solutions has announced that it will introduce retention procuration fees for brokers later in the year.

13 Feb 2017

Scottish mortgage borrowers most likely to switch

Scottish mortgage borrowers most likely to switch

Mortgage borrowers in Scotland are the most proactive when it comes to switching to a better deal, with 41% switching compared to just 11% of borrowers in the West Midlands, according to research from online mortgage broker Trussle.

13 Feb 2017

Co-Op Bank up for sale

Co-Op Bank up for sale

Co-Operative Bank has announced that it is commencing a sale process after making "considerable progress" in delivering a turnaround plan since 2013 when the Bank almost collapsed.

13 Feb 2017

Average house price tops £300,000

Average house price tops £300,000

House prices grew by 0.3% month-on-month in January, pushing the average price of a home in England and Wales up by £1,029 to reach £300,169 – a new high in the market and the first fresh peak since March last year.

13 Feb 2017

L&G launches Trainsmart adviser test

L&G launches Trainsmart adviser test

Legal & General has launched Trainsmart, a computer-based test for advisers which allows intermediary sellers to test and understand the knowledge and competency of advisers who have regular interaction with Legal & General Insurance products and services.

13 Feb 2017

In the Spotlight with Matthew Wyles, Castle Trust

In the Spotlight with Matthew Wyles, Castle Trust

We spoke to Matthew Wyles, Executive Director at Castle Trust Capital plc, about the lender’s recent relaunch, the outlook for 2017 and untapped opportunities for brokers.

10 Feb 2017

Quarterly GDP growth rises to 0.7%: NIESR

Quarterly GDP growth rises to 0.7%: NIESR

GDP output grew by 0.7% in the three months to January, up from growth of 0.6% in Q4 2016, according to National Institute of Economic and Social Research estimates.

10 Feb 2017

Santander launches minimum proc fee of £400

Santander launches minimum proc fee of £400

From 13th February, Santander is introducing a minimum procuration fee of £400 where the loan is £25,000 or more.

10 Feb 2017

Family BS to pay retention proc fees

Family BS to pay retention proc fees

The Family Building Society has announced plans to pay mortgage brokers retention fees in 2017.

10 Feb 2017

New integrated trade body to launch in summer

New integrated trade body to launch in summer

Bob Wigley has been appointed as Chair of the new financial services trade association, the name and brand of which will be announced ahead of its launch in the summer of 2017.

10 Feb 2017

BM Solutions launches new rates from 1.99%

BM Solutions launches new rates from 1.99%

BM Solutions has announced a series of rate reductions to its buy-to-let mortgage range as well as extending end dates on all fixed rate products by three months.‎

10 Feb 2017

HSBC appoints Jackie Uhi as Head of Mortgage Distribution

HSBC appoints Jackie Uhi as Head of Mortgage Distribution

HSBC has appointed former Barclays mortgage director Jackie Uhi as Head of Mortgage Distribution.

10 Feb 2017

Second charge lending remains subdued in December: FLA

Second charge lending remains subdued in December: FLA

Second charge mortgage new business fell by 6% in volume in December, continuing the downward trend seen in the previous two months, according to Finance & Leasing Association data.

10 Feb 2017

Mint Bridging appoints Head of Sales

Mint Bridging appoints Head of Sales

Mint Bridging has recruited Sinead Moynihan as its Head of Sales to oversee the current team of five BDMs.

10 Feb 2017

Nationwide profits hit despite 11% mortgage lending rise

Nationwide profits hit despite 11% mortgage lending rise

Nationwide Building Society has reported an 11% rise in gross mortgage lending to £26.2bn for the nine months to 31 December 2016.

10 Feb 2017

Pepper Homeloans partners with TMA

Pepper Homeloans partners with TMA

The Mortgage Alliance has added Pepper Homeloans to its lender panel.

10 Feb 2017

First-time buyers surge as landlord investment drops 63%

First-time buyers surge as landlord investment drops 63%

January saw a jump in the number of first-time buyers, with valuations rising by a fifth year-on-year (21%), according to research from Connells Survey & Valuation.

10 Feb 2017

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