Latest News

Second charge repossessions down 30% in Q4

Second charge repossessions down 30% in Q4

Figures released today by the Finance & Leasing Association show second charge mortgage repossessions fell in Q4 2013 by 29.7% to 123, compared with the same quarter in 2012.

13 Feb 2014

North-South rental gap has almost doubled since 2008

Mortgages

North-South rental gap has almost doubled since 2008

The difference in cost between renting a home in the north than the south is almost twice as much as it was in 2008, according to new research.

13 Feb 2014

Lloyds Bank returns to profit

Latest News

Lloyds Bank returns to profit

Gross mortgage lending at Lloyds Banking Group jumped by more than £10bn to reach £36.9bn during 2013 as the bank returned to profit.

13 Feb 2014

Brokers expect more BTL business this year

Brokers expect more BTL business this year

Brokers are looking forward to an expected increase in buy-to-let business following an encouraging final quarter of 2013, according to research conducted by NatWest Intermediary Solutions.

13 Feb 2014

Three year fix at 1.89% launched by Leeds BS

Mortgages

Three year fix at 1.89% launched by Leeds BS

Leeds Building Society has launched a new three year fixed rate mortgage with a exceptional rate of 1.89%.

13 Feb 2014

Supply and demand imbalance sees asking prices being taken seriously

Mortgages

Supply and demand imbalance sees asking prices being taken seriously

The number of properties that sold for above or at the original asking price so far in 2014 has increased markedly since 2013, according to the National Association of Estate Agents.

13 Feb 2014

Repossessions drop to six-year low

Mortgages

Repossessions drop to six-year low

The number and proportion of mortgage repossessions was lower in 2013 than in any year since 2007, according to the latest data from the Council of Mortgage Lenders.

13 Feb 2014

Shortage of homes is seriously hampering growth, says RICS

Latest News

Shortage of homes is seriously hampering growth, says RICS

A shortage of homes coming onto the nation's housing market is seriously hampering growth and pushing prices higher in many parts of the country, says the RICS January Residential Market Survey.

13 Feb 2014

HomeServe fined record £30m for mis-selling

Protection

HomeServe fined record £30m for mis-selling

The FCA has issued its largest ever retail fine of £30,647,400 to insurance intermediary HomeServe for serious and long running failings including mis-selling insurance products.

13 Feb 2014

BoE overhauls forward guidance as it keeps interest rates on hold

Latest News

BoE overhauls forward guidance as it keeps interest rates on hold

The Bank of England has signalled it will keep interest rates on hold at the historic low of 0.5% for at least another year, despite predicting strong growth of 3.4% in 2014.

12 Feb 2014

 

Nucleus launches ISA toolkit for advisers

Savings & Investments

Nucleus launches ISA toolkit for advisers

Nucleus, the adviser influenced wrap, has launched an ISA toolkit for advisers, aimed at ensuring their clients get the most out of the ISA season.

12 Feb 2014

Post Office re-enters buy-to-let market

Mortgages

Post Office re-enters buy-to-let market

Post Office, along with its financial services partner, Bank of Ireland, has today announced the launch of a series of Buy to Let mortgage deals, cementing its position as a challenger to traditional high street mortgage lenders.

12 Feb 2014

CML: December saw 10% dip in BTL loans

Mortgages

CML: December saw 10% dip in BTL loans

Gross buy-to-let advances in December totalled 14,500 loans, which was down 10% compared to November 2013, according to the CML.

12 Feb 2014

Brokers say high street banks are still averse to development finance

Brokers say high street banks are still averse to development finance

59% of brokers working in the development finance sector have said that the last time they approached a high street bank with a proposal for development finance it was rejected.

12 Feb 2014

CML: FTB lending shoots up 37% in December

Mortgages

CML: FTB lending shoots up 37% in December

New CML UK lending data released today shows the total number of loans advanced to first-time buyers in December totalled 26,700, up 1% on November 2013 and an increase of 37% compared to December 2012.

12 Feb 2014

CML: House purchase numbers up 11% in 2013

Mortgages

CML: House purchase numbers up 11% in 2013

The CML has released data from its Regulated Mortgage Survey today which shows that house purchase numbers were up 11% in 2013, with remortgage lending also increasing.

12 Feb 2014

'Triple lock' of regulation could subdue the mortgage market, warns IMLA

Mortgages

'Triple lock' of regulation could subdue the mortgage market, warns IMLA

Mortgage lending is experiencing an overdue recovery that will strengthen in 2014/15, according to a new report from the IMLA – but an untested ‘triple lock’ of regulation may yet dampen future activity and subdue the market.

12 Feb 2014

Smart Money Loans targets Northern Ireland brokers

Smart Money Loans targets Northern Ireland brokers

Smart Money Loans, the specialist second charge distributor, which already has offices in England and Scotland has announced its presence in Northern Ireland to assist local intermediaries with their loan enquiries.

12 Feb 2014

Leeds BS increases maximum home loan size

Mortgages

Leeds BS increases maximum home loan size

Leeds Building Society has changed mortgage criteria, including maximum loan size, to help more borrowers.

12 Feb 2014

FS firms need innovative technology to boost customer value

Latest News

FS firms need innovative technology to boost customer value

The managing director of loan and savings management software firm, Phoebus Software, has asked why banks are failing to innovate in their use of technology.

11 Feb 2014

Could the 40-year mortgage boost the housing market?

Mortgages

Could the 40-year mortgage boost the housing market?

Forty-year mortgages that may take two generations to pay off could vastly improve the affordability for borrowers and stimulate growth in the housing market, according to property investment firm Armistead Property.

11 Feb 2014

2014 will be key for secured sector

2014 will be key for secured sector

SPECIAL FEATURE: Steve Walker, MD, Promise Solutions

11 Feb 2014

Wages need to double to keep up with house prices, says Shelter

Mortgages

Wages need to double to keep up with house prices, says Shelter

Average earners in England would need to see their wage more than double to afford their first home, new research from Shelter has found.

11 Feb 2014

Visuals are the answer to increased MMR information demands, says Vizolution

Mortgages

Visuals are the answer to increased MMR information demands, says Vizolution

Vizolution says that introducing visuals to the sales process may be the answer to getting the right information from clients while keeping them engaged.

11 Feb 2014

Islamic Bank of Britain welcomes Sharia-compliant Help to Buy scheme

Mortgages

Islamic Bank of Britain welcomes Sharia-compliant Help to Buy scheme

Islamic Bank of Britain has been working with the UK Government on the development of a Help to Buy: Home Purchase Plan guarantee scheme.

11 Feb 2014

Barclays announces 12,000 job cuts as profits drop

Latest News

Barclays announces 12,000 job cuts as profits drop

In its Results Announcement this morning, Barclays has said it intends to cut up to 12,000 jobs this year, including 7,000 in the UK.

11 Feb 2014

TBMC launches exclusive BTL trackers with Hanley Economic

Mortgages

TBMC launches exclusive BTL trackers with Hanley Economic

TBMC, the buy-to-let and commercial mortgage specialist, has launched two exclusive buy-to-let mortgage products with Hanley Economic Building Society.

11 Feb 2014

Mortgage Trust returns to 80% BTL lending

Mortgages

Mortgage Trust returns to 80% BTL lending

Mortgage Trust has launched a range of 80% LTV buy-to-let products.

11 Feb 2014

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