Latest News

CML welcomes Help to Buy comments from FPC

CML welcomes Help to Buy comments from FPC

The Council of Mortgage Lenders welcomes the Financial Policy Committee's assessment to the Chancellor today that no changes are needed to the Help to Buy: mortgage guarantee scheme, which is working as intended, and not causing market distortions or any threat to financial stability.

02 Oct 2014

New lender joins CML

New lender joins CML

New BTL and specialist lender Fleet Mortgages has today announced its membership of lender trade association, the Council of Mortgage Lenders.

02 Oct 2014

Bank of England requests LTI cap powers

Bank of England requests LTI cap powers

The Bank of England has requested powers to require lenders to place limits on residential mortgage lending, including BTL, in respect of LTVs and debt to income ratios.

02 Oct 2014

HSBC to offer mortgages through brokers

HSBC to offer mortgages through brokers

From Monday 6 October, HSBC will start to offer its mortgages through a broker.

02 Oct 2014

Majority of brokers say lenders too risk averse post-MMR

Majority of brokers say lenders too risk averse post-MMR

Over seven out of 10 (72%) mortgage brokers believe lenders are now too risk averse as a result of the Mortgage Market Review, including 23% who say they have become excessively so, according to research commissioned by EDM Mortgage Support Services.

02 Oct 2014

Santander improves rates for existing mortgage customers

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Santander improves rates for existing mortgage customers

From Friday, Santander will be supporting its existing mortgage holders who are looking to move home with a range of exclusive new products.

02 Oct 2014

Wonga to write off 300,000 loans after FCA intervene

Wonga to write off 300,000 loans after FCA intervene

Wonga has entered into an agreement with the Financial Conduct Authority that requires it to make significant changes to its business immediately.

02 Oct 2014

Virgin Money to float on stock exchange

Virgin Money to float on stock exchange

Virgin Money has this morning announced its intention to float on the London Stock Exchange.

02 Oct 2014

Half of UK mortgage holders unprepared for rate rises

Half of UK mortgage holders unprepared for rate rises

UK mortgage holders are unprepared for potential increases in interest rates, new research from the Money Advice Service reveals.

02 Oct 2014

Skipton launches 7-day FTB sale

Mortgages

Skipton launches 7-day FTB sale

Skipton Intermediaries has pledged to get 250 first time buyers one step closer to getting the keys to their first home in an intermediary exclusive seven day sale.

01 Oct 2014

 

Quarter of self-employed refused mortgages

Quarter of self-employed refused mortgages

Almost a quarter of UK adults who have been self-employed for more than 12 months have been turned down for a mortgage, according to new research from Kensington, the specialist lender.

01 Oct 2014

Should brokers pick a lender based on proc fees?

Should brokers pick a lender based on proc fees?

Throwing stones is always dangerous, particularly if you’re a lender and you’re throwing them at brokers. But I am going to throw this stone.

01 Oct 2014

Barclays unveils limited edition mortgages

Barclays unveils limited edition mortgages

Barclays has refreshed its mortgage range for a limited time to offer products including a 2-year fix of 1.94% to 75% LTV.

01 Oct 2014

Intelliflo appoints ex-Avelo MD David Child as Interim Chief Operating Officer

Latest News

Intelliflo appoints ex-Avelo MD David Child as Interim Chief Operating Officer

Intelliflo has appointed David Child, former MD of the Exchange/Avelo (now Iress) as interim Chief Operating Officer, while former COO, Mike Clifford, moves to become Chief Product Officer.

01 Oct 2014

Canada Life enhances group protection insurance

Protection

Canada Life enhances group protection insurance

Canada Life has made enhancements to its group insurance which will benefit members and their families who have its group income protection and group critical illness products.

01 Oct 2014

Finance brokerage expand team following record year

Latest News

Finance brokerage expand team following record year

Finance brokerage Sensible Home Finance announced plans to build their sales team following a record financial year.

01 Oct 2014

IBB launches first government-backed Home Purchase Plan

IBB launches first government-backed Home Purchase Plan

Islamic Bank of Britain, the UK’s only wholly Sharia compliant retail bank, today announced the launch of its new Home Purchase Plan.

01 Oct 2014

Millions hide debt, savings and income from partners

Latest News

Millions hide debt, savings and income from partners

Couples are keeping their financial affairs secret from each other, and failing to come clean with their other halves about debts, savings, investments and even how much they earn, according to new research from Prudential.

01 Oct 2014

TMA launches profit share scheme

TMA launches profit share scheme

Mortgage club, TMA, has launched a profit share scheme in order to reward loyalty.

01 Oct 2014

Stonebridge selects Engage Mutual for protection panel

Protection

Stonebridge selects Engage Mutual for protection panel

Stonebridge Mortgage Solutions, the mortgage and insurance network, has added Engage Mutual’s over 50 life cover to its protection panel.

30 Sep 2014

Skipton reduces 3- and 5-year fixed rates

Skipton reduces 3- and 5-year fixed rates

Skipton Building Society will tomorrow reduce interest rates on many of its current residential 3- and 5-year fixed rate mortgages.

30 Sep 2014

NatWest increases broker proc fees

NatWest increases broker proc fees

NatWest Intermediary Solutions has announced that from tomorrow it will be increasing the procuration fee amounts it pays intermediary firms for completed residential mortgages.

30 Sep 2014

UTB launches professional lending product

UTB launches professional lending product

United Trust Bank has launched a new professional lending product to provide competitive, short-term working capital financing solutions to the professional services sector.

30 Sep 2014

Shawbrook streamlines conveyancing process

Legal

Shawbrook streamlines conveyancing process

Shawbrook has announced a series of changes to its legal ‘Master Instructions’ designed to streamline the conveyance process across searches, reports and planning and building regulations.

30 Sep 2014

Payday lenders slow to improve their practices

Payday lenders slow to improve their practices

One in five payday loan customers are still not being told about the risks of extending the loan, finds Citizens Advice.

30 Sep 2014

House prices fall for first time in 17 months

House prices fall for first time in 17 months

UK house prices fell by 0.2% in September, according to the latest data from Nationwide - taking the average price to £188,374.

30 Sep 2014

Lloyds ups rates on fixed savings accounts

Lloyds ups rates on fixed savings accounts

From today Lloyds Bank will increase rates on a selection of fixed savings accounts.

30 Sep 2014

Montello Bridging Finance rebrands as LendInvest

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Montello Bridging Finance rebrands as LendInvest

Montello Bridging Finance has rebranded under the new name of LendInvest.

30 Sep 2014

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