Latest News

Paragon: BTL lending up 80%

Paragon: BTL lending up 80%

Paragon Mortgages has reported an 80.6% increase in new buy-to-let lending, totalling £400.9 million in Q4.

28 Jan 2016

Nationwide launches Help to Buy London range

Nationwide launches Help to Buy London range

Nationwide Building Society is launching a new range of shared equity mortgage deals, which covers the Help to Buy London scheme, from Thursday 28 January.

27 Jan 2016

Second charge market sees seasonal dip after record month

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Second charge market sees seasonal dip after record month

Secured lending saw a new record peak in October at £98.5m, representing a 47% increase year-on-year, according to the latest Enterprise Finance Secured Loan Index.

27 Jan 2016

Barnsley and Chelsea to undergo YBS rebrand

Barnsley and Chelsea to undergo YBS rebrand

YBS Group has announced plans to rebrand Barnsley Building Society and Chelsea Building Society branches to Yorkshire Building Society.

27 Jan 2016

Santander profits fall 4.1% after £450m PPI payout

Santander profits fall 4.1% after £450m PPI payout

Santander UK has reported a 4.1% fall in pre-tax profits to £1.3bn after setting aside a further £450m provision for PPI.

27 Jan 2016

FCA issues self-cert mortgage warning

FCA issues self-cert mortgage warning

The FCA has issued a warning about "a firm outside the UK relying on the European Electronic Commerce Directive to provide mortgages to customers in the UK without the protections offered by the UK's mortgage regime".

27 Jan 2016

L&G to create 3000 homes with £600m Build to Rent scheme

L&G to create 3000 homes with £600m Build to Rent scheme

Legal & General Capital and Dutch pension fund manager, PGGM, have today announced the launch of a Build to Rent partnership.

27 Jan 2016

Stonebridge adds The Loans Engine to specialist panel

Stonebridge adds The Loans Engine to specialist panel

The Loans Engine has been appointed to Stonebridge Group's specialist lending panel.

27 Jan 2016

Sesame appoints head of lender relationships

Sesame appoints head of lender relationships

Sesame Bankhall Group has appointed Jane Benjamin as head of lender relationships.

27 Jan 2016

BBA: mortgage borrowing up 24% to hit £12.4bn

BBA: mortgage borrowing up 24% to hit £12.4bn

Gross mortgage borrowing reached £12.4 billion in December - 24% higher than December 2014, according to the latest BBA lending figures.

27 Jan 2016

 

Nationwide: house price growth to accelerate in 2016

Nationwide: house price growth to accelerate in 2016

House prices increased by 0.3% in January, while annual house price growth remained stable at 4.4%, according to the latest Nationwide house price index.

27 Jan 2016

RBS sets aside £2.5bn in mortgage and PPI provisions

RBS sets aside £2.5bn in mortgage and PPI provisions

RBS has announced a total of £2.5bn in new provisions, and is putting £4.2bn into its pension scheme, to cover an accounting deficit - a move that will cause the bank to make a loss in 2015.

27 Jan 2016

IRESS enhances technology solutions ahead of MCD

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IRESS enhances technology solutions ahead of MCD

IRESS has enhanced its technology solutions to help brokers prepare ahead of the Mortgage Credit Directive.

27 Jan 2016

Advisers call for more retirement lending options

Advisers call for more retirement lending options

Nearly half of advisers (46%) say offering more retirement lending solutions would help maintain the strong growth in the market, according to research from Bower Retirement Services.

27 Jan 2016

Barclays backs trade body merger

Barclays backs trade body merger

Barclays has confirmed its support for the proposed merger of the BBA and the CML to form a new trade body.

27 Jan 2016

Average house deposit soars to over £80,000

Average house deposit soars to over £80,000

The average house purchase deposit rose to over £80,000 in December, according to Mortgage Advice Bureau - the highest figure recorded by MAB's National Mortgage Index since it began in January 2009.

27 Jan 2016

Lean on your club for support this year

Lean on your club for support this year

It's set to be an interesting year for the intermediary market. MCD regulation comes into effect in just a few weeks and for certain corners of the market - particularly specialist lending - it's all change.

26 Jan 2016

Leeds BS announces HTB London rates

Leeds BS announces HTB London rates

The first HTB London mortgages from Leeds Building Society will launch on Monday, 1st February.

26 Jan 2016

Dragonfly expands BDM team

Dragonfly expands BDM team

Dragonfly Property Finance, part of the Octopus group, has announced the addition of two more External BDMs to its team.

26 Jan 2016

HSBC to leave CML ahead of trade body merger

HSBC to leave CML ahead of trade body merger

HSBC has announced that it will leave the Council of Mortgage Lenders at the end of this year ahead of the proposed creation of a new trade association.

26 Jan 2016

Will Right to Buy 'disrupt a well functioning sector'?

Will Right to Buy 'disrupt a well functioning sector'?

Following the announcement yesterday that the government's Right to Buy scheme will pilot with five housing associations, Stephen Smith, Director of Legal & General Housing Partnerships, has called the extension of the policy 'unfortunate', claiming that the scheme will reduce the availability of affordable homes.

26 Jan 2016

Potential value of equity release market hits £361bn

Potential value of equity release market hits £361bn

The potential wealth available to over 55s in the UK through equity release stands at £361bn, according to new research from Retirement Advantage.

26 Jan 2016

Majority of advisers sceptical about robo-advice

Majority of advisers sceptical about robo-advice

Advisers are split as to whether robo-advice will become mainstream in future with just under half (48%) believing it will be widely adopted, according to research from Aegon UK.

26 Jan 2016

BoE's Andrew Bailey appointed CEO of the FCA

BoE's Andrew Bailey appointed CEO of the FCA

Bank of England Deputy Governor Andrew Bailey has been appointed as the new CEO of the Financial Conduct Authority and will leave the Bank after 30 years of service.

26 Jan 2016

Pension schemes 'slow to embrace drawdown'

Pension schemes 'slow to embrace drawdown'

Nearly two-thirds (61%) of trust-based pension schemes have yet to provide access to a Flexi Access Drawdown Facility for their members, according to research by Willis Towers Watson.

26 Jan 2016

Equity withdrawn through remortgaging at nine-year high

Equity withdrawn through remortgaging at nine-year high

The total amount of equity withdrawn through remortgaging hit £837m in December, up 32% from December 2014's £635m, according to research from LMS.

26 Jan 2016

Pepper Homeloans appoints Colin Snowdon as MD

Pepper Homeloans appoints Colin Snowdon as MD

Pepper Homeloans has announced that Colin Snowdon will be joining the organisation as Managing Director on the 1st February.

25 Jan 2016

Government launches Right to Buy pilot

Government launches Right to Buy pilot

From today, the first housing association tenants will be able to apply for the new Right to Buy scheme as part of a pilot that is being run by 5 housing associations ahead of the national rollout later this year.

25 Jan 2016

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