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Bridging lender sees rapid rise in rebridge enquiries

Bridging lender sees rapid rise in rebridge enquiries

Short term bridging loan company Mint has reported a rapid growth of enquiries about rebridging existing bridging loans, with around 20% of enquiries within the last quarter relate to refinancing existing bridges.

19 Nov 2015

Monthly mortgage lending at post-crisis high

Monthly mortgage lending at post-crisis high

Gross mortgage lending hit £21.8 billion in October - 8% higher than September's lending total of £20.1 billion, according to the CML.

19 Nov 2015

What second charge questions should every broker ask?

What second charge questions should every broker ask?

With a recent survey suggesting that brokers still feel that second charge loans are too expensive, Tim Wheeldon, Joint Managing Director at Fluent Money, insists that intermediaries need to look below the surface before making recommendations which might not be in their clients' best interests.

19 Nov 2015

Non-dom and Stamp Duty changes fuel domestic sales

Non-dom and Stamp Duty changes fuel domestic sales

Sales activity from domestic buyers has surged forwards to fill the gap left by overseas buyers and investors, who have been left more cautious by the strong sterling, stricter Government measures on non-domicile status, and heftier Stamp Duty for higher value purchases.

19 Nov 2015

Search Acumen doubles market share

Search Acumen doubles market share

Search Acumen, the conveyancing search provider, has marked its second anniversary by achieving its target of doubling its residential market share in just 12 months.

19 Nov 2015

Leeds launches high LTV discount range

Leeds launches high LTV discount range

Leeds Building Society has added to its range of discount mortgages with two new higher LTV products.

18 Nov 2015

Housing Shortage Sees Development Finance Soar

Housing Shortage Sees Development Finance Soar

Given the UK's extreme housing shortage, it's no surprise that one of the major growth areas over the past 12 months has been property development.

18 Nov 2015

Keeping the punch at arm's length

Keeping the punch at arm's length

A big insurance group recently took to social media advising SMEs to "be brave, and plan for the worst". Both of these ideas seem to be promoting the idea that risk is a good thing. Risk boosts growth, risk encourages passion, risk is positive.

18 Nov 2015

Y3S launches bespoke PI policy for ARs

Y3S launches bespoke PI policy for ARs

The majority of Appointed Representatives of mortgage networks are confused about their choices when it comes to introducing second charge loan enquiries to third parties for processing, according to Y3S Loans.

18 Nov 2015

Skipton cuts 90% LTV New Build rates by 0.80%

Skipton cuts 90% LTV New Build rates by 0.80%

Skipton Building Society is launching revised New Build and Help to Buy product ranges with rate cuts of up to 0.80% on 90% LTV new build products.

18 Nov 2015

 

Kensington sees record month as applications soar 50%

Kensington sees record month as applications soar 50%

Kensington has today released figures showing that it experienced a record month in October, with mortgage applications and completions hitting their highest level since the lender relaunched in 2009.

18 Nov 2015

The Cambridge to offer proc fees for retention deals

The Cambridge to offer proc fees for retention deals

The Cambridge Building Society has become the first mutual to offer intermediaries procuration payments when they re-place a customer's mortgage upon maturity of their existing product.

18 Nov 2015

Virgin sees 38% lending growth following intermediary drive

Virgin sees 38% lending growth following intermediary drive

Virgin Money says that a strong intermediary performance to-date has supported significant growth in its mortgage business, with gross mortgage lending growth of 38% in the first nine months of 2015.

18 Nov 2015

Precise launches limited edition BTL exclusives

Precise launches limited edition BTL exclusives

Precise Mortgages has launched a limited edition range of buy to let exclusives including a lifetime tracker rate reduced by 0.26% to 3.49%.

18 Nov 2015

FCA launches review into asset management competition

FCA launches review into asset management competition

Over the next year, the FCA will review competition in the asset management industry, assessing how managers compete to deliver value, whether they are able to control costs along the value chain, and what effect investment consultants have on competition for institutional asset management.

18 Nov 2015

Leeds BS to offer same-day valuations

Leeds BS to offer same-day valuations

Leeds Building Society has changed how it instructs surveyors for valuations to help to speed up the mortgage application process.

18 Nov 2015

Remortgaging activity soars 53% year-on-year

Remortgaging activity soars 53% year-on-year

Remortgaging activity in the UK has soared by 53% over the past year, according to research from Connells Survey & Valuation.

18 Nov 2015

Ageing "poses risk to UK economy", argue industry leaders

Ageing "poses risk to UK economy", argue industry leaders

A group of national and international companies, including Aviva, Royal London and Zurich, have signed an open letter and pledged to "work over the next five years to help make our ageing society and economy more sustainable".

18 Nov 2015

John Charcol signs advice deal with Coldwell Banker UK

John Charcol signs advice deal with Coldwell Banker UK

John Charcol will act as the preferred supplier of mortgage advice to clients of the recently-launched UK arm of Coldwell Banker, one of the world's oldest and largest residential real estate brands.

17 Nov 2015

FCA fines and bans former Aviva Investors analyst

FCA fines and bans former Aviva Investors analyst

The FCA has fined Mothahir Miah, a former Investment Analyst at Aviva Investors, £139,000 and banned him from performing any function in relation to any regulated activity in the financial services industry for 'failing to act with honesty and integrity'.

17 Nov 2015

FTBs drive adviser confidence levels to post-crisis high

FTBs drive adviser confidence levels to post-crisis high

Confidence levels amongst financial advisers are at their highest since 2008, according to Paragon Mortgages' latest Financial Advisors Confidence Tracking Index.

17 Nov 2015

LMS partners with Hinckley & Rugby

LMS partners with Hinckley & Rugby

LMS, conveyancing panel management specialists, has partnered with Hinckley & Rugby Building Society.

17 Nov 2015

ONS: house prices up 6.1% in September

ONS: house prices up 6.1% in September

UK average house prices increased by 6.1% over the year to September 2015, up from 5.5% in the year to August 2015, according to the latest ONS house price index.

17 Nov 2015

Inflation remains negative in October

Inflation remains negative in October

The Consumer Prices Index fell by 0.1% in the year to October 2015, the same fall as in the year to September 2015, according to ONS statistics.

17 Nov 2015

Paradigm launches MCD implementation update

Paradigm launches MCD implementation update

Paradigm Mortgage Services has today launched its latest Mortgage Credit Directive implementation update for advisory firms.

17 Nov 2015

Coventry BS launches lowest ever BTL rate at 1.99%

Coventry BS launches lowest ever BTL rate at 1.99%

Coventry for intermediaries has reduced interest rates on its Fixed and Flexx for Term buy to let products, and is now offering its lowest ever buy to let fixed rate.

17 Nov 2015

Conveyancer jailed for £350k stamp duty fraud

Conveyancer jailed for £350k stamp duty fraud

A conveyancer who stole almost £352,500 in stamp duty land tax from clients and HMRC, has been jailed for three years and four months.

17 Nov 2015

Masthaven expands savings team ahead of bank launch

Masthaven expands savings team ahead of bank launch

After recently unveiling plans to become a new UK retail bank, Masthaven has announced the appointment of James Blower as Head of Savings.

17 Nov 2015

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