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FSE London: BTL market to be a 'car crash' after PRA changes

FSE London: BTL market to be a 'car crash' after PRA changes

The future of the buy-to-let market has been described as a ‘car crash’ once PRA underwriting changes have been implemented at the end of September.

13 Sep 2017

FSE London: FCA proposals welcomed by later life lending experts

FSE London: FCA proposals welcomed by later life lending experts

Later life lending experts, speaking at today’s Financial Services Expo (FSE) London exhibition, have welcomed FCA proposals to change the rules around interest-only lending to allow repayment to come from the sale of property as an exit route.

13 Sep 2017

FSE London: BTL market resilient but 'topped out'

FSE London: BTL market resilient but 'topped out'

According to David Whittaker of Mortgages for Business, figures for gross mortgage lending last year for the buy-to-let market are likely to be the top level we will see for some time.

13 Sep 2017

New data reveals glimmer of hope for FTBs

New data reveals glimmer of hope for FTBs

According to new data published by specialist bank, Aldermore, the outlook for first time buyers is slowly becoming more positive with 35% now believing that it is extremely difficult to get on the property ladder – down four percent from 39% in 2016.

13 Sep 2017

Magellan announce new Regional Sales Manager

Magellan announce new Regional Sales Manager

Specialist mortgage lender, Magellan Homeloans has announced that its support to intermediaries has been further strengthened with the appointment of Louise Apollonio as Regional Sales Manager for the North West region.

13 Sep 2017

Mortgage overpayments could affect 2.5 million

Mortgage overpayments could affect 2.5 million

New data and analysis of the UK mortgage market by Tesco Bank has found that up to 2.5 million UK home buyers may be over-paying on their mortgage as a result of slipping onto higher Standard Variable Rates (SVRs) at the end of their fixed rate period.

13 Sep 2017

Thistle Finance: New UK packager launches

Thistle Finance: New UK packager launches

Thiststle Finance announced its launch this morning promising to support brokers around the UK with a ‘grass-roots’ proposition and restoring the sector’s old fashioned values.

13 Sep 2017

Exclusive: Masthaven announce enhancements to short-term lending solutions

Exclusive: Masthaven announce enhancements to short-term lending solutions

Masthaven has announced today that, in response to increased demand from brokers, it is launching an extended suite of short-term lending solutions.

13 Sep 2017

TMW announce launch of new 2 and 5 year fixed remortgage products

TMW announce launch of new 2 and 5 year fixed remortgage products

The Mortgage Works has announced that as of today they will be providing two new fixed rate buy to let remortgage products, available for a limited period.

13 Sep 2017

Advisers 'riding a wave of opportunity in 2017': Aegon

Advisers 'riding a wave of opportunity in 2017': Aegon

Financial advisers "are riding a wave of opportunity in 2017", with three quarters expecting an increase in clients over the next 12 months, according to a report from Aegon.

13 Sep 2017

 

Equity release products triple since 2007

Equity release products triple since 2007

The number of product options offered by members of The Equity Release Council grew by 34% in the year to August 2017, taking the number of product options available to 78.

13 Sep 2017

Affordability gap doubles since financial crisis: YBS

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Affordability gap doubles since financial crisis: YBS

The gap between the least and most affordable parts of Britain has almost doubled since the financial crisis, according to Yorkshire Building Society research.

13 Sep 2017

Mansfield BS simplifies ICR ahead of BTL changes

Mansfield BS simplifies ICR ahead of BTL changes

The Mansfield Building Society has implemented further changes to simplify the Interest Coverage Ratio it applies when assessing affordability, ahead of the PRA’s changes for underwriting buy-to-let portfolio landlords.

12 Sep 2017

Half of buy-to-let brokers don't understand upcoming PRA changes

Half of buy-to-let brokers don't understand upcoming PRA changes

Just 54% of brokers are comfortable that they fully understand what the upcoming PRA changes for portfolio landlords entail, and what they will mean for their business, according to research from Kent Reliance.

12 Sep 2017

Can client fact-finding become an effective time saver?

Can client fact-finding become an effective time saver?

There are not many mortgage and protection advisers who would challenge that client engagement isn’t a good thing. Engaged clients are more responsive, more likely recommend and more likely to purchase. Therefore, it makes sense to introduce this engagement as early in the process as possible, but can this be achieved in a such a way that is beneficial to both the client and adviser?

12 Sep 2017

High-LTV lending hits record high: BoE

High-LTV lending hits record high: BoE

The share of new lending in the highest LTI brackets has increased to its highest level for both single and joint incomes (10.8% and 33.4% respectively) since the Bank of England made its LTI flow limit recommendation in June 2014.

12 Sep 2017

Remortgaging rebounds in July as FTB lending dips: UK Finance

Remortgaging rebounds in July as FTB lending dips: UK Finance

UK Finance data shows that on a seasonally adjusted basis, lending to first-time buyers and home movers declined in value in July. Conversely, value and number of people remortgaging increased, and there was a smaller increase in both the value and volume of buy-to-let lending.

12 Sep 2017

CPI inflation rises to 2.9%

CPI inflation rises to 2.9%

The Consumer Prices Index 12-month inflation rate rose to 2.9% in August, up from 2.6% in July, according to the latest ONS data.

12 Sep 2017

Does a focus on two-year deals deliver poor advice?

Does a focus on two-year deals deliver poor advice?

Mortgage and protection network JLM Mortgage Services believes that advisers who continue to focus on a two-year mortgage ‘churn’ deals are delivering ‘poor advice’ to their clients.

12 Sep 2017

Secure Trust Bank partners with SimplyBiz

Secure Trust Bank partners with SimplyBiz

Secure Trust Bank Mortgages has partnered with SimplyBiz Group to provide members of its mortgage club access to Secure Trust's full range.

12 Sep 2017

Skipton relaunches intermediary only three-year fixes

Skipton relaunches intermediary only three-year fixes

Skipton has relaunched its range of three-year fixed rate products, available to intermediaries only.

12 Sep 2017

New listings drop 13% in August

New listings drop 13% in August

The number of new property listings across the UK fell by 13.1% in August compared to July, according to online estate agents HouseSimple.

12 Sep 2017

Connect partners with criteria search system Knowledge Bank

Connect partners with criteria search system Knowledge Bank

Connect for Intermediaries is the first network and packager to partner with criteria search system Knowledge Bank.

12 Sep 2017

HSBC removes valuation fees

HSBC removes valuation fees

HSBC has scrapped all standard valuation fees for mortgage customers.

11 Sep 2017

Together grows loan book by 24% to £2.24bn

Together grows loan book by 24% to £2.24bn

Together's full year results for the year ended 30 June 2017 show loan book growth of 24.4% to £2.24bn, with originations averaging over £98.8m per month.

11 Sep 2017

Bluestone appoints Steve Seal as sales & distribution director

Bluestone appoints Steve Seal as sales & distribution director

Bluestone Mortgages has appointed Steve Seal to the newly created role of Director of Sales & Distribution.

11 Sep 2017

Specialist market a golden opportunity for advisers, says Complete FS

Specialist market a golden opportunity for advisers, says Complete FS

Although overall lending volumes are stagnant or down, "we need to look beyond the headlines and see how buoyant the rest of the lending market is”, according to Tony Salentino, Director at Complete FS.

11 Sep 2017

FSE is around the corner – a key question for brokers – should you diversify?

FSE is around the corner – a key question for brokers – should you diversify?

There has been an explosion of new lending products over the last few years. Basic ones, such as traditional bank loans, shouldn’t be disregarded, but it is clear that with invoice financing, secured and unsecured options all available on the market, there is a lot to manage. On top of this, each provider has slightly different conditions and requirements for their products.

11 Sep 2017

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