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Norton Finance adds Lending Works to panel

Norton Finance adds Lending Works to panel

Norton Finance and Mortgages has expanded its specialist lending panel with several new lending partners, including peer-to-peer lender Lending Works.

13 Nov 2015

BBA: govt should remove FCA's redress responsibility

BBA: govt should remove FCA's redress responsibility

In its latest report on UK banking competitiveness, the British Bankers Association has called for the government to consider the separation of responsibility for redress from current FCA mandate to a new independent body.

13 Nov 2015

TSB launches lowest ever 10-year fix at 3.04%

TSB launches lowest ever 10-year fix at 3.04%

TSB has launched a new 10 year mortgage with a loan-to-value of 0-75%, with fixed rates starting from just 3.04%.

13 Nov 2015

BoE and FCA to publish report into HBOS collapse

BoE and FCA to publish report into HBOS collapse

The Bank of England, PRA and FCA's report into the failure of HBOS will be published next Thursday, two years later than expected.

13 Nov 2015

Teachers BS launches 1.79% discounted variable

Teachers BS launches 1.79% discounted variable

Teachers Building Society has launched a new 2 year discounted variable rate at 1.79% for mortgages up to 80% LTV, alongside a 3.99% discounted variable rate at 95% LTV.

13 Nov 2015

Inner London approvals 50% higher than outer boroughs

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Inner London approvals 50% higher than outer boroughs

Inner boroughs of London are granting planning permission for more new homes than all the surrounding Outer boroughs put together, according to the latest London New Homes Monitor from Stirling Ackroyd.

13 Nov 2015

NatWest to implement MCD requirements in January

NatWest to implement MCD requirements in January

NatWest Intermediary Solutions will be implementing the requirements of the European Mortgage Credit Directive from mid-January 2016, two months ahead of the 21 March deadline.

12 Nov 2015

Housing supply up 25% after five year decline

Housing supply up 25% after five year decline

In 2014-15, annual housing supply amounted to 170,690 net additional dwellings, a 25% annual increase, according to the latest DCLG data.

12 Nov 2015

Building society sector to review borrower age limits

Building society sector to review borrower age limits

With the life expectancy of the UK population increasing by five hours a day, the building society sector has committed to review its maximum age limits for mortgage borrowers to better support those needing mortgage finance into retirement.

12 Nov 2015

FCA plans P2P commission ban following IFISA launch

FCA plans P2P commission ban following IFISA launch

The FCA has revealed that it is considering extending the ban on commission to peer-to-peer investments "to ensure that such advice is not at risk of being influenced by the payment of commission".

12 Nov 2015

 

Broker support for bridging finance on the up

Broker support for bridging finance on the up

93% of brokers considered bridging finance a useful financing tool during the third quarter, compared to 77% during the second quarter of 2015, according to MTF's most recent quarterly broker sentiment survey.

12 Nov 2015

Aldermore's residential lending up 22%

Aldermore's residential lending up 22%

Aldermore Group has seen residential mortgages increase by 22% to £3.1bn, compared with £2.6bn at the end of 2014.

12 Nov 2015

Masthaven Finance strengthens sales team

Masthaven Finance strengthens sales team

Masthaven Finance has appointed Roz Cawood as Business Development Manager for London and Ginny Warby as Business Development Executive to provide support to its sales team.

12 Nov 2015

RICS: house prices to rise 25% by 2020

RICS: house prices to rise 25% by 2020

House prices have risen across all parts of the UK for the third consecutive month, and are expected to rise by 4.5% per annum over the next five years (a cumulative increase of around 25%), according to the latest UK Residential Market Survey.

12 Nov 2015

The Mansfield launches interest-only retirement product

The Mansfield launches interest-only retirement product

The Mansfield Building Society has launched a new mortgage product to further support lending to interest only customers who are approaching retirement or who are already retired.

12 Nov 2015

Brightstar places Bluestone Mortgages' first case

Brightstar places Bluestone Mortgages' first case

Brightstar has placed the first ever mortgage case with specialist mortgage lender Bluestone Mortgages following the launch of Bluestone's pilot two weeks ago.

12 Nov 2015

House purchase lending hits seven-year high

House purchase lending hits seven-year high

October 2015 has seen the highest October lending levels for the past seven years with approvals rising on both a monthly and annual basis, according to the latest Mortgage Monitor from e.surv.

12 Nov 2015

House price growth 'reawakens' with £2,500 jump in October

House price growth 'reawakens' with £2,500 jump in October

The annual rate of house price growth across England and Wales climbed to 5.2% in October - the fastest increase witnessed since April according to esurv.

12 Nov 2015

Intermediary FTB lending at 14-year high

Intermediary FTB lending at 14-year high

First-time buyers accounted for nearly a fifth (19%) of intermediary business over the last three months - the highest level since 2001, according to Paragon Mortgages' latest Financial Advisors Confidence Tracking Index.

11 Nov 2015

Lloyds Banking Group reveals MCD preparations

Mortgages

Lloyds Banking Group reveals MCD preparations

Lloyds Banking Group has announced its preparations for the implementation of the Mortgage Credit Directive and are on track to be ready ahead of the March 2016 deadline.

11 Nov 2015

Amicus appoints former Fincorp directors

Amicus appoints former Fincorp directors

Short-term lender Amicus has appointed Matthew Anderson and Nigel Alexander from Fincorp as Regional Directors.

11 Nov 2015

SimplyBiz adds Aviva to its AE proposition

SimplyBiz adds Aviva to its AE proposition

The SimplyBiz Group has announced the addition of an Aviva GPP and Workplace Benefits solution to its auto enrolment offering.

11 Nov 2015

Hinckley & Rugby launches sub-2% lifetime discount

Hinckley & Rugby launches sub-2% lifetime discount

Hinckley & Rugby Building Society has cut the interest rates on eight mortgages, including a lifetime discount that now charges below 2%.

11 Nov 2015

BSA elects Bath CEO as Chairman

BSA elects Bath CEO as Chairman

Dick Jenkins, Chief Executive of Bath Building Society, has been elected Chairman of the BSA. He replaces David Cutter, Group Chief Executive of Skipton Building Society, who has held the post for the past two and a half years.

11 Nov 2015

Nationwide offers fee-free valuations across entire range

Nationwide offers fee-free valuations across entire range

From today, Nationwide Building Society is removing all standard valuation fees from its mortgage range.

11 Nov 2015

Rate rise speculation fuels 'unsettled' mortgage rates

Rate rise speculation fuels 'unsettled' mortgage rates

Despite months of speculation and repeated predictions of a rise in base rates, Mortgage Brain's latest product data analysis shows that mortgage rates remain unsettled with mixed movement seen for all main product types over the past three months.

11 Nov 2015

CML: Q3 lending up 18% as market 'gathers momentum'

CML: Q3 lending up 18% as market 'gathers momentum'

House purchase lending grew by both volume and by value in Q3, driven by both first-time buyer and home mover activity which both saw quarterly growth, according to the latest CML data.

11 Nov 2015

Al Rayan Bank enhances Home Purchase Plan range

Al Rayan Bank enhances Home Purchase Plan range

Al Rayan Bank has further enhanced its Home Purchase Plan range by introducing two new products, reducing the rental rates for customers with larger deposits, and extending the length of time that customers can benefit from fixed or discounted variable monthly payments.

11 Nov 2015

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