Latest News

53% report increase in house prices

Mortgages

53% report increase in house prices

More than half of all RICS members reported an increase in prices in June 2014 (from 56% in May) and prices rose in each of the 12 areas represented, according to their latest UK Residential Market Survey.

10 Jul 2014

High LTV lending up 52%

Latest News

High LTV lending up 52%

Lending to high LTV borrowers has increased by 52% on the same time last year, according to the latest Mortgage Monitor from chartered surveyor e.surv.

10 Jul 2014

New home registrations are rising

Mortgages

New home registrations are rising

According to the latest registration statistics from NHBC, the number of new homes registered across the country remains up compared to this time last year.

09 Jul 2014

Many property buyers sill in the dark about Help to Buy

Mortgages

Many property buyers sill in the dark about Help to Buy

According to a new report, many property buyers or current home owners haven’t even heard of the Help to Buy scheme or have admitted to ‘hearing the name but not knowing what it was’.

09 Jul 2014

Lloyds to cut 500 staff from business and retail

Latest News

Lloyds to cut 500 staff from business and retail

The bank is to cut 500 staff from it business and retail arms.

09 Jul 2014

Shawbrook announces newly created Credit Relationship Manager role

Latest News

Shawbrook announces newly created Credit Relationship Manager role

Tim Rist is to be the new Credit Relationship Manager at Shawbrook and will specialise in large loans in the Commercial Mortgages division.

09 Jul 2014

New P2P lender completes first BTL remortgage deal

Mortgages

New P2P lender completes first BTL remortgage deal

The very first BTL remortgage for new P2P lender Landbay has been successfully brokered by Mortgages for Business.

09 Jul 2014

Reduced barriers for new banks sees rise in potential applicants

Latest News

Reduced barriers for new banks sees rise in potential applicants

The Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) report that reducing entry barriers for new financial institutions has encouraged a substantial increase in the number of firms applying to become a new bank.

09 Jul 2014

Where there's a will there's no way: 1 in 4 will not leave anything to their children

Latest News

Where there's a will there's no way: 1 in 4 will not leave anything to their children

Skipton Financial Services has recently conducted research that suggests as many as one in four parents intend to leave just a percentage – or even none – of their estate to their children after they're gone.

09 Jul 2014

Kensington launches £100 broker incentive

Mortgages

Kensington launches £100 broker incentive

Kensington has launched an area of its website where brokers can submit their ideas for new products and proposition developments and the specialist lender is offering £100 worth of John Lewis vouchers each month for the best submitted suggestion.

09 Jul 2014

 

Housing market cools as prices fall in 0.6% in June

Mortgages

Housing market cools as prices fall in 0.6% in June

Monthly house prices fell by -0.6% in June 2014, the fourth monthly price fall since last December according the latest survey from the Halifax.

09 Jul 2014

Y3S: Secured loans up 30% since MMR

Latest News

Y3S: Secured loans up 30% since MMR

Mortgage brokers disillusioned in the wake of the new MMR rules are turning to secured loans as an alternative according to Y3S loans

09 Jul 2014

Equity release lending up 26%

Mortgages

Equity release lending up 26%

Total equity release lending hit £641 million during the first half of the year as the market continues to grow according to new analysis from specialist adviser Key Retirement Solutions.

09 Jul 2014

New data reveals rising mortgage rates

Mortgages

New data reveals rising mortgage rates

Latest figures from Mortgage Brain's quarterly product data analysis show that mortgage rates are starting to rise, with the interest rate for a 60% LTV five year Fixed mortgage increasing by 18% over the past three months – up from 2.35% to 2.78%.

08 Jul 2014

Thousands to receive accelerated payment notices from HMRC

Latest News

Thousands to receive accelerated payment notices from HMRC

Latest change represents a huge shift in tax collection powers as many individuals across the UK who are under investigation by HMRC could soon be required to pay the full amount of disputed tax before the matter is settled.

08 Jul 2014

85% believe MMR is stifling mortgage completions

Mortgages

85% believe MMR is stifling mortgage completions

In a recent survey carried out by mortgage best practice site 85% of brokers asked feel that it is more difficult to get mortgage cases accepted since the implementation of the MMR.

08 Jul 2014

Is the short term market in danger of running away with itself?

Is the short term market in danger of running away with itself?

Fincorp Director Matthew Anderson, believes the short-term finance market is in danger of running away with itself and questions whether the large amounts of investment into the industry seen in recent years is sustainable.

08 Jul 2014

Marc Howells, MD of George Banco

In The Spotlight

Marc Howells, MD of George Banco

We spoke to Marc Howells, MD of George Banco, the new guarantor loan lender.

08 Jul 2014

New report reveals that 64% of adults don't have a will

Latest News

New report reveals that 64% of adults don't have a will

A new study conducted by Investec Wealth & Investment has revealed a widespread neglect of wills with 32% being out of date as they have not been revised to take into account of major life changes, including marriage, children and divorce.

08 Jul 2014

Payday loan complaints double in the last two years

Latest News

Payday loan complaints double in the last two years

The Financial Ombudsman Service has today urged people struggling with payday loans, or other debt worries, to confront the 'shame factor' and seek help.

08 Jul 2014

PPI claims down for first time in four years

Protection

PPI claims down for first time in four years

The Financial Services Compensation Scheme (FSCS) reports fewer payment protection insurance (PPI) claims received during 2013/14, suggesting PPI claims coming to the Scheme may have peaked, with about 12,000 compared to around 19,000 the previous year.

08 Jul 2014

BCC warns BoE against base rate increases

Latest News

BCC warns BoE against base rate increases

BCC Director General, John Longworth warns the BoE against raising interest rates too prematurely as this could 'limit the growth ambitions among the very firms we are counting on to drive the recovery'.

08 Jul 2014

Paragon Mortgages expands product range

Mortgages

Paragon Mortgages expands product range

Paragon Mortgages, the specialist buy-to-let lender, has announced updated to its product range catering for large-scale and professional landlords.

08 Jul 2014

Halifax to refund 12 months home insurance for FTB's

Mortgages

Halifax to refund 12 months home insurance for FTB's

First time buyers are set to be refunded a full year's insurance premium when they purchase a new property and take out a home insurance policy with the Halifax.

08 Jul 2014

Competitive unsecured borrowing won't last forever

Latest News

Competitive unsecured borrowing won't last forever

MoneySuperMarket's head of banking, Kevin Mounford, claims there has never been a better time for customers to review their unsecured borrowing.

08 Jul 2014

Mobile bankers to exceed online banking users by 2019

Latest News

Mobile bankers to exceed online banking users by 2019

Data analysts Juniper Research today report that mobile banking users will more than double over the next 5 years, overtaking online banking for the first time in history.

08 Jul 2014

Interest-only borrowers to receive debt rehabilitation home visits

Mortgages

Interest-only borrowers to receive debt rehabilitation home visits

A third of interest-only borrowers don’t know how they will pay off their loan with 15% unable to afford the repayment, study reveals.

07 Jul 2014

FCA starts debate on fairness of changes to mortgage contracts

Mortgages

FCA starts debate on fairness of changes to mortgage contracts

Consumers and firms are to be asked for their views on how fairness should be assessed when lenders make changes to the terms of mortgage contracts and whether the FCA should make changes to its rules or guidance.

07 Jul 2014

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