Latest News

Bank of England announces three senior appointments

Latest News

Bank of England announces three senior appointments

The Chancellor has today announced a number of senior appointments to the Bank of England, which will 'strengthen and enhance' the Bank’s senior team.

18 Mar 2014

Saffron BS makes doubles its pre-tax profit in 2013

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Saffron BS makes doubles its pre-tax profit in 2013

Saffron Building Society has announced strong results in its Annual Report, which confirm a pre-tax profit of £3.1million for 2013, more than double the £1.4m in 2012.

17 Mar 2014

Skipton ups rates on shorter term ISAs

Savings & Investments

Skipton ups rates on shorter term ISAs

Skipton Building Society has today announced the launch of a new Fixed Rate ISA range which sees interest rates increase on its one, two and three year products.

17 Mar 2014

Industry veteran Paul Howard retires from Castle Trust

Latest News

Industry veteran Paul Howard retires from Castle Trust

Paul Howard is to retire as managing director of Castle Trust in May when his contract expires after more than 30 years in the mortgage industry.

17 Mar 2014

Short term lenders responding to broker demands, survey shows

Short term lenders responding to broker demands, survey shows

The results of a second broker survey by Capital Bridging Finance has shown that lenders have responded to broker demand for longer term, higher LTV short term loans.

17 Mar 2014

Rising rents mean owning a home is £124 cheaper a month

Mortgages

Rising rents mean owning a home is £124 cheaper a month

According to research by Halifax, increasing rents mean that the costs between owning a home and renting one are widening dramatically.

17 Mar 2014

Stamp Duty 'dead-zones' cost sellers over quarter of a billion pounds

Mortgages

Stamp Duty 'dead-zones' cost sellers over quarter of a billion pounds

Stamp duty 'dead-zones' have wiped over £260 million off the value of residential properties sold in the England and Wales since April 2012 at an average cost of almost £7,000 to each seller, according to property website Zoopla.co.uk.

17 Mar 2014

Chancellor extends Help to Buy 1 until 2020

Mortgages

Chancellor extends Help to Buy 1 until 2020

The Chancellor yesterday announced further support for the construction of 120,000 new homes as part of the Help to Buy: equity loan scheme.

17 Mar 2014

Deposits still holding 62% of would-be buyers back

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Deposits still holding 62% of would-be buyers back

83% of non-homeowners aspire to join the property ladder, but despite the return of 95% mortgages under Help to Buy 2, 62% of these would-be first time buyers still cannot afford the necessary deposit.

17 Mar 2014

More buyers pushes competition to eight buyers per instruction

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More buyers pushes competition to eight buyers per instruction

According to the latest National Sales Index from Sequence, eight buyers (7.7) are chasing every new instruction as the number of new buyers across the UK rises by over a quarter (26%) on last year.

17 Mar 2014

 

Islamic Bank to boost understanding of Sharia-compliant savings

Savings & Investments

Islamic Bank to boost understanding of Sharia-compliant savings

Islamic Bank of Britain is hosting an information evening in London dedicated to improving the local community’s understanding of Sharia compliant savings.

14 Mar 2014

RBS suffers downgrade from Moody's

Latest News

RBS suffers downgrade from Moody's

Credit ratings agency Moody's has downgraded part-nationalised Royal Bank of Scotland by one notch because its latest proposed restructuring poses a risk to bondholders.

14 Mar 2014

Martin Nixon, Head of Asset Finance, United Trust Bank

In The Spotlight

Martin Nixon, Head of Asset Finance, United Trust Bank

Financial Reporter chatted to Martin Nixon, Head of Asset Finance at United Trust Bank.

14 Mar 2014

Ipswich BS launches 1.97% 2-year fix

Mortgages

Ipswich BS launches 1.97% 2-year fix

Ipswich Building Society has launched a competitive two year fixed rate 75% loan-to-value mortgage product available to brokers in the East of England as well as the PMS and Sesame broker networks.

14 Mar 2014

David Finlay steps down from Barclays and IMLA

Latest News

David Finlay steps down from Barclays and IMLA

David Finlay, Managing Director, Intermediary Channel, Retail Lending at Barclays Bank and the current Chairman of the Intermediary Mortgage Lenders Association has announced he has left Barclays.

14 Mar 2014

Pepper UK almost doubles assets under management with £2bn boardings

blue screen numbers

Pepper UK almost doubles assets under management with £2bn boardings

Pepper UK, the mortgage servicer formerly known as Oakwood Global Finance, has successfully completed its latest two boardings, almost doubling its UK assets under management in the process.

14 Mar 2014

London costs push average rent to five-month high

London costs push average rent to five-month high

Rising costs in London are pushing the average UK rent up to its highest since September 2013.

14 Mar 2014

Virgin Money increases max LTV on BTL range to 75%

to let signs

Virgin Money increases max LTV on BTL range to 75%

Virgin Money has increased its maximum buy-to-let LTV from 70% to 75% and has introduced a selection of products at the new maximum LTV.

14 Mar 2014

High LTV lending soars in February

Mortgages

High LTV lending soars in February

According to e.surv's latest Mortgage Monitor, the number of high LTV loans topped 11,000 for the first time in six years in February.

14 Mar 2014

Average house price sees greatest rise in 21 months

Mortgages

Average house price sees greatest rise in 21 months

The average house price rose by £2,500 in February - the largest monthly rise in 21 months.

14 Mar 2014

How can technology help to meet the challenges of the MMR?

How can technology help to meet the challenges of the MMR?

[SPECIAL FEATURE: John Penn, Head of Mortgage Proposition at software provider Intelliflo, gives his thoughts on how technology can be used to help meet the challenges and opportunities arising from the MMR.]

13 Mar 2014

Kent Reliance launches new intermediary website

Mortgages

Kent Reliance launches new intermediary website

Specialist mortgage provider Kent Reliance has reinforced its support and commitment to the intermediary mortgage market today with the launch of its new expanded and re-designed intermediary website.

13 Mar 2014

Help to Buy drives recovery in number of mortgage buyers in 2014

Mortgages

Help to Buy drives recovery in number of mortgage buyers in 2014

Mortgage buyers have regained their position as the dominant purchasers in the housing market, after a year in which cash buyers looked like taking over.

13 Mar 2014

Openwork chooses KRS as equity release partner

Retirement

Openwork chooses KRS as equity release partner

Openwork is pleased to announce that it has chosen Key Retirement Solutions as its exclusive provider of equity release schemes.

13 Mar 2014

Advisers welcome idea of mandated comparison process for annuities

Retirement

Advisers welcome idea of mandated comparison process for annuities

New research from IRESS has found that advisers would like to see increased shopping around for annuities via a mandated comparison process so consumers get a thorough overview of annuity rates available on the market before they buy.

13 Mar 2014

DWP could cause problems for unemployed homeowners with rule change

Protection

DWP could cause problems for unemployed homeowners with rule change

The Department for Work & Pensions is currently reviewing its position when it comes to Government support for mortgage interest payments provided to unemployed homeowners.

13 Mar 2014

Crystal Mortgages introduce larger loans range up to £10m

Mortgages

Crystal Mortgages introduce larger loans range up to £10m

Crystal Mortgages is offering a new, dedicated suite of larger loan investment products with the company citing an increase in high-worth applications since the turn of the year.

13 Mar 2014

CML: FTBs see 38% more loans in January

Mortgages

CML: FTBs see 38% more loans in January

The CML has released data this morning showing that while the number of loans advanced for house purchase decreased in January, the number advanced to FTBs was up 38% on January 2013.

13 Mar 2014

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