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Buyers flood to market as mortgage applications rise 45% annually

Mortgages

Buyers flood to market as mortgage applications rise 45% annually

In the latest House Price Index from Sequence, figures show there are on average now seven buyers to each new property as buyers flood into the market.

25 Nov 2013

Average age of FTB drops below 32 for first time in a year

Mortgages

Average age of FTB drops below 32 for first time in a year

According to new research from haart, the first week of October saw 92% more buyer enquiries than the same week in 2012, and October data shows a positive picture of the housing market.

22 Nov 2013

Barry Meeks, Non-Executive Director at Vertex

In The Spotlight

Barry Meeks, Non-Executive Director at Vertex

Financial Reporter had a chat with Barry Meeks, Non-Executive Director at Vertex about the upcoming MMR and touring the world in a private jet...

22 Nov 2013

RateSetter announces partnership with mobile network

RateSetter announces partnership with mobile network

Fintech firm RateSetter.com, and giffgaff, the mobile network run by its members, will combine their community-based products to create an offering which finances mobile handsets, via peer-to-peer loans.

22 Nov 2013

Gap between prime country properties and prime London narrows

Mortgages

Gap between prime country properties and prime London narrows

While prices for London’s best homes are 24% higher than their previous peak before the financial crisis, country house prices remain 20% below their respective high in Q3 2007.

22 Nov 2013

500,000 households a year fail to progress up housing ladder

Mortgages

500,000 households a year fail to progress up housing ladder

Over 500,000 UK households a year have failed to move onto or up the housing ladder since 2009, according to new analysis from real estate adviser, Savills comparing transaction levels before and after the credit crunch.

22 Nov 2013

Spain back in the top spot

Blogs

Spain back in the top spot

Confidence in the Spanish property market appears to be returning at last with British buyers returning in their droves.

21 Nov 2013

A festive look forward to 2014

Rob Barnard - Aldermore

A festive look forward to 2014

Christmas is just around the corner, and I’ve swapped my crystal ball for a more festive snow globe, in order to predict what 2014 holds for the mortgage market.

21 Nov 2013

Hope Capital completes largest bridging deal

Hope Capital completes largest bridging deal

Celebrations are continuing at Hope Capital, the entrepreneurial short term property bridging finance company, as it has completed its largest bridging deal to date.

21 Nov 2013

Help to Buy sparks post-crash homebuilding record

Mortgages

Help to Buy sparks post-crash homebuilding record

Figures released today by CLG show how the Government’s Help to Buy Equity Loan scheme is driving new home building activity.

21 Nov 2013

 

Birchall Blackburn join Broker Conveyancing panel

Legal

Birchall Blackburn join Broker Conveyancing panel

Broker Conveyancing, the broker-focused conveyancing distributor, has today added Birchall Blackburn Law to its solicitor firm panel.

21 Nov 2013

Genworth appoints new mortgage insurance manager

Protection

Genworth appoints new mortgage insurance manager

Genworth, the provider of mortgage insurance products across the globe, has today announced the appointment of Tim Rooney as its new Country Manager for Mortgage Insurance in Germany.

21 Nov 2013

Help to Buy 2 eclipses its predecessor in terms of awareness

Mortgages

Help to Buy 2 eclipses its predecessor in terms of awareness

The early launch of the Help to Buy mortgage guarantee has seen it overtake Help to Buy equity loans in terms of public awareness, according to new findings from Mortgage Advice Bureau,

21 Nov 2013

IFAs take stand against pension liberation schemes

Retirement

IFAs take stand against pension liberation schemes

Pension liberation schemes are increasingly targeting IFAs’ clients, yet a majority of advisers want providers to refuse to transfer out a client’s funds if they suspect the reason for the request is pension liberation, according to Liberty SIPP.

20 Nov 2013

Bridging splits into 'a tale of two markets'

Bridging splits into 'a tale of two markets'

Bridging is splitting into two distinct markets and the industry must acknowledge it serves two very different sorts of customer, says Fincorp.

20 Nov 2013

Gross mortgage lending at highest level since 2008

Mortgages

Gross mortgage lending at highest level since 2008

The Council of Mortgage Lenders estimates that total gross mortgage lending increased to £17.6 billion in October, representing a rise of 9% from £16.2 billion in September and 37% higher than the total of £12.9 billion in October last year.

20 Nov 2013

Santander enhances BTL criteria

Mortgages

Santander enhances BTL criteria

Santander for Intermediaries has today announced further improvements to its Buy to Let lending criteria.

20 Nov 2013

UK's biggest range of 95% mortgages launched by Yorkshire BS Group

Mortgages

UK's biggest range of 95% mortgages launched by Yorkshire BS Group

Yorkshire Building Society Group has today launched new 95% loan to value mortgages to help people with small deposits and equity sums, with competitive rates starting from 4.59%.

20 Nov 2013

The Cambridge cuts rates & launches 3-year fix

Mortgages

The Cambridge cuts rates & launches 3-year fix

The Cambridge Building Society has announced today that it is reducing rates on three of its current mortgage products in its residential range and that it is launching a new three year fixed rate product for intermediaries.

20 Nov 2013

Masthaven Secured Loans announces 1% rate drop

Masthaven Secured Loans announces 1% rate drop

Masthaven Secured Loans has launched a simplified product range and reduced key rates by as much as 1%.

20 Nov 2013

Insurance industry to drive out 'ghost' brokers that cost millions a year

Protection

Insurance industry to drive out 'ghost' brokers that cost millions a year

‘Ghost’ car insurance brokers have become a spectre that is thought to cost the insurance industry tens of millions of pounds every year, leaving thousands of drivers without cover.

20 Nov 2013

Secured lending hits £50m for first time since 2009

Secured lending hits £50m for first time since 2009

The Secured Loan Index shows second charge lending has exceeded £50,000,000 for the first time since 2009.

20 Nov 2013

Natwest to reduce early repayment charges

Mortgages

Natwest to reduce early repayment charges

NatWest will be reducing the early repayment charges (ERCs) payable on its 2 and 3 year fixed rate and 18 month and 2 year tracker deals for purchase and remortgage, across its residential and buy-to-let intermediary range from tomorrow.

19 Nov 2013

Speed of home sales picks up - to just eight weeks

Mortgages

Speed of home sales picks up - to just eight weeks

On average it now takes just over eight weeks (58 days) to sell a home in the UK - 11 days less than one year ago - according to a new 'City Rate of Sale' report by Post Office Mortgages.

19 Nov 2013

'Alternative' funding now part of the mainstream, argues lender

'Alternative' funding now part of the mainstream, argues lender

borro, the personal asset lender, believes that the days when there was a gap between conventional and alternative lending sources are numbered.

19 Nov 2013

Bridging lending up over £100m this quarter

Bridging lending up over £100m this quarter

Bridging lending is up significantly, both in terms of the value and the number of bridging loans lent.

19 Nov 2013

Mortgage overpayments top more than £9bn in a year

Mortgages

Mortgage overpayments top more than £9bn in a year

Mortgage holders are collectively making more than £9 billion in mortgage overpayments per year, according to new research from Santander Mortgages.

19 Nov 2013

Average LTVs hit five-year high as mortgage activity surges

Mortgages

Average LTVs hit five-year high as mortgage activity surges

The early launch of the Help to Buy mortgage guarantee prompted a surge of activity from lenders and borrowers across the market during October, according to the National Mortgage Index from MAB.

19 Nov 2013

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