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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

FHL launches semi exclusive BTL range

FHL launches semi exclusive BTL range

Foundation Home Loans has launched a new semi exclusive range of products to the intermediary market through six of its packaging partners.

11 Nov 2015

Value of housing stock doubles in past decade

Value of housing stock doubles in past decade

The value of UK's private housing stock in August 2015 is estimated at £5.1 trillion compared with £3.3 trillion in 2005; an increase of £1.8 trillion - or 53% - over the past decade, according to Halifax.

11 Nov 2015

CML: current retirement landscape is inadequate

CML: current retirement landscape is inadequate

New CML research into consumer demand for retirement borrowing has identified "important knowledge gaps" in terms of understanding what consumers want and need in terms of products, as well as about how they make decisions about their retirement income and assets, and the advice they use (or would regard as valuable and trustworthy).

10 Nov 2015

One in five to cash in pension before retiring

One in five to cash in pension before retiring

One in five people (21%) plan to release cash over and above their tax-free lump sum from their pension funds while they are still working, according to Portus, the employment benefits consultancy firm.

10 Nov 2015

Former Deutsche Bank trader wins identity case against FCA

Former Deutsche Bank trader wins identity case against FCA

A London tribunal has ruled in favour of a former Deutsche Bank trader who was improperly identified by the FCA in a sanction notice related to Libor-rigging.

10 Nov 2015

Aldermore launches lowest ever BTL variable

Aldermore launches lowest ever BTL variable

Aldermore has today released a new limited edition buy-to-let remortgage product, the Bank's lowest ever buy-to-let term variable.

10 Nov 2015

FCA reveals plans for 'regulatory sandbox'

FCA reveals plans for 'regulatory sandbox'

The FCA has today published more information on the implementation of a 'regulatory sandbox', which would allow businesses to test out new, innovative financial products, services or business models without incurring all the normal regulatory consequences.

10 Nov 2015

Kent Reliance joins L&G Mortgage Club

Kent Reliance joins L&G Mortgage Club

Kent Reliance, the specialist intermediary lender and part of The OneSavings Bank Group, has announced that from today, over 8,000 registered members of Legal & General's Mortgage Club will have direct access to its mortgage range.

10 Nov 2015

Majority can't differentiate between guidance and advice

Majority can't differentiate between guidance and advice

Three quarters (76%) of consumers do not know the difference between financial advice and guidance, according to research from Aegon UK.

10 Nov 2015

Fleet reveals new launches following strong Q3 growth

Fleet reveals new launches following strong Q3 growth

Fleet Mortgages had £800m worth of buy-to-let business put through its system by intermediaries in the first nine months of this year, and is on track to hit lending targets for 2015.

10 Nov 2015

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