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Barclays launches New Build mortgage range

Barclays launches New Build mortgage range

Barclays has announced the launch of a New Build range with 2 & 5 year fixed rates and a 2 year tracker available from 2.04% up to 85% LTV.

18 Jan 2016

House prices see unseasonal New Year surge

House prices see unseasonal New Year surge

The price of property coming to market in the New Year is up 0.5% (+£1,509) - the second highest rise at this time of year since 2007, according to the latest Rightmove house price index.

18 Jan 2016

Conveyancing Association updates best practice guide

Conveyancing Association updates best practice guide

The Conveyancing Association has launched the second edition of its Conveyancing Protocol.

18 Jan 2016

FSCS levy to drop 2.5%

FSCS levy to drop 2.5%

The Financial Services Compensation Scheme will have a 2016/17 management expenses levy limit of £72.7 million - a 2.5% annual reduction.

18 Jan 2016

Industry to combat Limited Company BTL charges

Industry to combat Limited Company BTL charges

Foundation Home Loans says that landlords will not have to look far in future to find lenders which do not overcharge for Limited Company BTL mortgages.

18 Jan 2016

Paradigm mortgage completions up 29%

Paradigm mortgage completions up 29%

Paradigm Mortgage Services says its members placed £3.45 billion of mortgage completions through the distributor in 2015 - a year-on-year increase of 29%.

18 Jan 2016

Self-cert mortgage lender launches

Self-cert mortgage lender launches

Self-certification mortgage lender selfcert.co.uk is preparing to open for business today.

18 Jan 2016

Precise Mortgages parent company in buyout talks

Precise Mortgages parent company in buyout talks

Precise Mortgages managing director, Alan Cleary, has confirmed that Charter Court, the specialist challenger bank and owner of Precise Mortgages and Charter Savings Bank, is seeking a buyer as part of its growth plans.

15 Jan 2016

In the Spotlight with Russell Gould, Everline

In the Spotlight with Russell Gould, Everline

We spoke to Russell Gould, COO of Everline, about their fully automated lending platform and new entrants into the alternative finance space.

15 Jan 2016

Lenders expect mortgage demand to increase in Q1

Lenders expect mortgage demand to increase in Q1

Lenders saw increased mortgage demand for house purchases in Q4, according to the latest Bank of England Credit Conditions Survey.

15 Jan 2016

 

PRA fines and bans former Co-op Bank executives

PRA fines and bans former Co-op Bank executives

The Prudential Regulation Authority has today prohibited the former CEO of the Co-operative Bank and former Managing Director of the Co-op Bank's Corporate and Business Banking Division from holding a significant influence function in a PRA-authorised firm for breaches related to the running of the Co-op Bank. The PRA has also fined Mr Tootell £173,802 and Mr Alderson £88,890.

15 Jan 2016

Cambridge BS removes upper age limits

Cambridge BS removes upper age limits

The Cambridge Building Society has removed upper age limits on both residential and Buy to Let mortgages.

15 Jan 2016

NatWest expands BDM and sales team

NatWest expands BDM and sales team

NatWest Intermediary Solutions has appointed two new Area Sales Managers and added two new BDMs to its phone-based team in Norwich.

15 Jan 2016

Goldman Sachs agrees $5.1bn mortgage mis-sell penalty

Goldman Sachs agrees $5.1bn mortgage mis-sell penalty

Goldman Sachs has agreed to pay $5.1 billion (£3.5 billion) to US authorities for mis-selling mortgage-backed securities in the run-up to the financial crisis.

15 Jan 2016

Dragonfly announces record monthly completions

Dragonfly announces record monthly completions

Short and medium-term lender, Dragonfly Property Finance, has announced record monthly lending for December 2015.

15 Jan 2016

London new home aims 'out of reach' as approvals drop 29%

London new home aims 'out of reach' as approvals drop 29%

London approved just 5,740 new homes across Q3 in 2015 - down almost a third (29%) from Q2 levels, and 52% from the annualised rate of 47,460 approvals granted in Q1, according to Stirling Ackroyd.

15 Jan 2016

L&G sells Suffolk Life to Curtis Banks in £45m deal

L&G sells Suffolk Life to Curtis Banks in £45m deal

Curtis Banks has confirmed that is has acquired the Suffolk Life group of companies from Legal & General in a £45m deal.

15 Jan 2016

UK banks pledge mortgage support for Armed Forces

UK banks pledge mortgage support for Armed Forces

Armed Forces personnel posted overseas will be able to rent out their homes without facing higher mortgage costs or having to change their mortgage, Defence Secretary Michael Fallon and the British Bankers' Association have announced.

15 Jan 2016

Virgin Money launches BTL exclusives

Virgin Money launches BTL exclusives

From tomorrow, Virgin Money is introducing a new range of intermediary buy-to-let exclusives and reducing selected core rates.

14 Jan 2016

The 'landlord versus first-time buyer' argument

The 'landlord versus first-time buyer' argument

If any borrower grouping might be 'feeling the love' at the moment, then it's probably the first-time buyer market. With the benefit of hindsight, 2015 appears to have been the year when, certainly the Government, prioritised first-timers perhaps above all others. Certainly, in the perceived 'landlord versus first-time buyer' argument, it is landlords who may currently feel aggrieved that the rules have been changed considerably in favour of their opponent.

14 Jan 2016

MPC: return to 2% target will be more gradual

MPC: return to 2% target will be more gradual

At its first meeting of 2016, the MPC voted by a majority of 8-1 to maintain Bank Rate at 0.5%.

14 Jan 2016

Together cuts residential rates

Together cuts residential rates

Specialist finance provider Together has announced further rate cuts on its residential mortgage products to 6.69%.

14 Jan 2016

David Ingram to head SimplyBiz's IFA support business

David Ingram to head SimplyBiz's IFA support business

David Ingram has been appointed as the Managing Director of SIFA and will join the business on the 18th January.

14 Jan 2016

CML: November lending up 27% year-on-year

CML: November lending up 27% year-on-year

Home-owner house purchase lending totalled £10.7bn in November, down 9% on October but up 18% on November 2014, according to the latest CML data.

14 Jan 2016

John Charcol enters secured loan market with new acquisition

John Charcol enters secured loan market with new acquisition

John Charcol has today announced the acquisition of Simply Finance Group based in Southampton.

14 Jan 2016

LendInvest appoints in-house legal counsel

Christian Faes - Montello

LendInvest appoints in-house legal counsel

LendInvest has appointed its first in-house legal counsel to the company's expanding team.

14 Jan 2016

Just 8% of advisers would launch lower wealth solution

Just 8% of advisers would launch lower wealth solution

Less than one in 10 (8%) financial advisers say they are planning to launch a new solution to support lower wealth consumers over the next year, according to research by Sesame Bankhall Group.

14 Jan 2016

Almost half plan to remortgage following rate rise

Almost half plan to remortgage following rate rise

Today, the Bank of England's Monetary Policy Committee will meet for the first time this year to decide if the base rate should increase, but research from TSB shows that many British homeowners are unprepared for a rate rise in 2016.

14 Jan 2016

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