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Virgin Money announces mortgage range update

Virgin Money announces mortgage range update

Virgin Money has announced today that it has made a number of improvements to its residential mortgage range, including reducing selected 85% and 90% LTV residential fixed rates by up to 0.20% and introducing a new range of intermediary exclusive buy-to-let products at 60% LTV.

25 Sep 2015

BSA study says half will struggle with rate rises

BSA study says half will struggle with rate rises

Over half (52%) of borrowers say they will struggle or fall behind with mortgage repayments when interest rates rise, according to new research published by the Building Societies Association.

25 Sep 2015

Leeds adds to Help to Buy range with 1.59% 2-yr fix

Leeds adds to Help to Buy range with 1.59% 2-yr fix

Leeds Building Society has added to its range of Help to Buy equity mortgages with a two year fixed rate product.

25 Sep 2015

FTB sales steam ahead in summer

FTB sales steam ahead in summer

The number of first-time buyer sales in August leapt by over a quarter compared to May, according to the latest First-Time Buyer Tracker from Your Move and Reeds Rains.

25 Sep 2015

Fleet Mortgages revamps entire range

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Fleet Mortgages revamps entire range

Specialist buy-to-let lender, Fleet Mortgages, has announced today that it has revamped its entire product range as a result of positive feedback from its intermediary partners.

25 Sep 2015

Government sells further shares in Lloyds

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Government sells further shares in Lloyds

The government has sold a further 1% shareholding in Lloyds Banking Group through the trading plan launched in December, taking the total raised for the taxpayer to £15 billion and reducing the government’s shareholding to below 12%, HM Treasury has announced.

25 Sep 2015

Paratus AMC announces new Commercial Director

Paratus AMC announces new Commercial Director

Paratus AMC, which successfully launched BTL lender Foundation Home Loans earlier this year, has appointed Simon Bayley as Commercial Director.

24 Sep 2015

MAB reports 28% rise in revenue

MAB reports 28% rise in revenue

Mortgage Advice Bureau announced its interim results for the six months ended 30 June 2015, showing a significant increase in revenue of 28%.

24 Sep 2015

Rate rises shouldn't concern most homeowners, says broker

Rate rises shouldn't concern most homeowners, says broker

Today, Private Finance has said that a potential interest rate hike 'should not present a significant cause for concern for a large number of UK households'.

24 Sep 2015

Net mortgage lending hits 5-yr high in August

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Net mortgage lending hits 5-yr high in August

Figures from the BBA released today show that gross mortgage borrowing in August was £12.2 billion - 14% higher than a year ago and the largest increase since 2008.

24 Sep 2015

 

Skipton to move to ESIS from October

Skipton to move to ESIS from October

Skipton Intermediaries is today outlining its plans for its approach to the European Mortgage Credit Directive (MCD) and how it will help its broker partners transition to the new rules.

24 Sep 2015

Remortgagors withdraw record amounts

Remortgagors withdraw record amounts

The latest figures from LMS reveal that the average amount of equity withdrawn from remortgaging per customer rose to £35,590 in August as borrowers capitalise on competitive rates to withdraw more equity from their homes.

24 Sep 2015

Rate rises would see 52% of borrowers struggle

Rate rises would see 52% of borrowers struggle

Over half (52%) of borrowers say they will struggle or fall behind with mortgage repayments when interest rates rise, according to new research published by the Building Societies Association.

24 Sep 2015

UK insurance industry pays out 'more than ever before'

UK insurance industry pays out 'more than ever before'

UK insurers paid out the equivalent of £77m in insurance claims every day, statistics from the Association of British Insurers' 'Key Facts 2015' show.

24 Sep 2015

Over-55s change retirement attitudes to supplement pensions

Over-55s change retirement attitudes to supplement pensions

More than a third (34%) of over 55s plan to continue working past what would previously have been considered their “retirement” age of 65, new figures from Scottish Widows think tank the Centre for the Modern Family have revealed.

24 Sep 2015

Housing supply swindles in August

Housing supply swindles in August

The number of properties available to buy per estate agent branch fell to an eleven year low this month, according to the National Association of Estate Agents' August Housing Market Report.

24 Sep 2015

Y3S obtains full FCA authorisation

Y3S obtains full FCA authorisation

Second charge packager Y3S Loans has today received formal notification of authorisation from the Financial Conduct Authority.

23 Sep 2015

Marsden raises max buy to let LTV to 80%

Marsden raises max buy to let LTV to 80%

Marsden Building Society has extended its range of Buy-to-Let mortgages available to their semi-exclusive partners and in line with broker demand has raised its maximum LTV to 80%.

23 Sep 2015

L&G Home Finance hire to lead product innovation

L&G Home Finance hire to lead product innovation

Legal & General Home Finance has appointed Chris Buchanan as Head of Product and Proposition, Retirement Lending.

23 Sep 2015

Saffron launches low-cost remortgage range

Saffron launches low-cost remortgage range

Saffron For Intermediaries, the dedicated broker channel of Saffron Building Society, has launched a range of low-cost remortgage products.

23 Sep 2015

Kensington announces interest only mortgage to 75% LTV

Kensington announces interest only mortgage to 75% LTV

Kensington has today announced the introduction of an interest only mortgage, available up to 75% LTV, for ustomers who earn £75,000 or more, when accompanied with evidence that a realistic and plausible repayment strategy is in place.

23 Sep 2015

71% of brokers 'not ready' for MCD regulation

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71% of brokers 'not ready' for MCD regulation

Clever Lending, the secured loans master broker, has conducted a telephone survey that highlights the lack of awareness and readiness for the incoming regulatory changes in March 2016.

23 Sep 2015

65-74 year olds drive equity release uptake

65-74 year olds drive equity release uptake

Homeowners aged 65-74 were the driving force behind the growing popularity of equity release products in the first half of 2015: accounting for a record share of new plans, according to the Autumn 2015 edition of the Equity Release Market Report.

23 Sep 2015

Flat price rise continues to outstrip other properties

Flat price rise continues to outstrip other properties

The average price of a flat in the UK has risen by £87,550 (£730 per month) over the past decade, from £145,874 in 2005 to £233,424 today, according to latest research from Halifax.

23 Sep 2015

Product innovation driving equity release market success

Product innovation driving equity release market success

Responding to the Equity Release Council’s Autumn 2015 market report, Retirement Advantage have pointed to product innovation as a source of the market’s continued success.

23 Sep 2015

Just 5% of women 'on track for retirement they would like'

Just 5% of women 'on track for retirement they would like'

Aegon UK has released researched today showing that women are overwhelmingly behind when it comes to achieving the retirement they would like.

22 Sep 2015

Access 4 Finance launches new commission policy

Access 4 Finance launches new commission policy

Second charge master broker Access 4 Finance have today launched their new website and a new commission policy.

22 Sep 2015

FCA fines director £350,000 over disclosure failings

FCA fines director £350,000 over disclosure failings

The FCA has today published a Final Notice for Keydata’s former finance director, Craig McNeil, fining him £350,000

22 Sep 2015

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