Latest News

Asking prices hit record high for second month

Mortgages

Asking prices hit record high for second month

New seller asking prices hit record highs in all four southern regions, and help to push the national average to another all-time high for the second successive month, according to the latest Rightmove House Price Index.

14 Apr 2014

Magellan calls on industry to develop Financial Awareness Course

Mortgages

Magellan calls on industry to develop Financial Awareness Course

Magellan Homeloans, the specialist credit repair lender, is calling on the financial services industry to develop a Financial Awareness Course as an alternative to punishing borrowers who get into financial difficulties.

14 Apr 2014

MAB announces 120% increase in pre-tax profits

Mortgages

MAB announces 120% increase in pre-tax profits

Mortgage Advice Bureau has announced a record pre-tax group profit of £5.1m in 2013, an increase of 120% over 2012 (£2.3m).

14 Apr 2014

Annuities market could decline by 75%, says PwC

Annuities market could decline by 75%, says PwC

The UK annuities market could decline by up to 75% after the recently announced changes to compulsory annuity purchase come into effect, according to PwC analysis supported by a new consumer survey.

14 Apr 2014

Minimise your risk - offering secured loans

Minimise your risk - offering secured loans

[SPECIAL FEATURE: Thomas Garratt, Head of Intermediary Channel, The Loans Engine]

11 Apr 2014

Call for surveyors to protect market against another crash

Legal

Call for surveyors to protect market against another crash

The Chief Surveyor of Sesame Bankhall Valuation Services has said that it is becoming increasingly important for chartered surveyors to protect homebuyers and lenders against the mounting risk of a repeat housing market crash.

11 Apr 2014

Number of advisers outsourcing investment propositions to increase

Savings & Investments

Number of advisers outsourcing investment propositions to increase

According to independent financial researcher Defaqto, the number of advisers using discretionary management services will increase in the coming years, in line with continued growth in investment outsourcing generally.

11 Apr 2014

Lenders with delinquent loans likely to face fines, says British Money

Lenders with delinquent loans likely to face fines, says British Money

Lenders with delinquent loans on their books could be considered ‘irresponsible’ and so face subsequent fines from the Financial Conduct Authority, warns Alexander Burgess from British Money.

11 Apr 2014

SfI announces 5-year fixed BTL at 4.34%

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SfI announces 5-year fixed BTL at 4.34%

From today, non-professional landlords keen to guarantee monthly mortgage payments for the longer term, can take advantage of Santander for Intermediaries’ new 75% LTV 5 year fixed rate Buy to Let product.

11 Apr 2014

Growth of P2P sector more than doubles annually

Growth of P2P sector more than doubles annually

A report published by the Peer-to-Peer Finance Association shows cumulative lending at the end of the first quarter in 2014 hit £1,207 billion compared to £491 million at the end of the first quarter of 2013.

11 Apr 2014

 

1 in 6 home loans goes to high LTV borrowers

Mortgages

1 in 6 home loans goes to high LTV borrowers

House purchase lending eased in March, as lenders tested out their MMR ready systems, according to the latest Mortgage Monitor from e.surv, the UK’s largest chartered surveyor.

11 Apr 2014

Co-op Bank reports £1.3bn loss

Latest News

Co-op Bank reports £1.3bn loss

The Co-operative Bank has confirmed today it made a loss of £1.3bn for 2013.

11 Apr 2014

Shawbrook launches new issue of 1 year fixed rate bond

Savings & Investments

Shawbrook launches new issue of 1 year fixed rate bond

Shawbrook Bank has launched a new issue of its 1 year Fixed Rate Bond offering savers a rate of 1.80% AER.

10 Apr 2014

MMR to cause further conveyancing polarisation?

Legal

MMR to cause further conveyancing polarisation?

myhomemove predicts that the launch of the Mortgage Market Review will see a dramatic impact on the conveyancing industry, resulting in further polarisation.

10 Apr 2014

House sales hit six-year high: RICS

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House sales hit six-year high: RICS

The average number of houses sold per chartered surveyor jumped to its highest level in six years during Q1 as increasing numbers of buyers looked to test the housing market right across the country, says the RICS March Residential Market Survey.

10 Apr 2014

CML: Mortgage lending sees slight February dip but strong yearly growth

Mortgages

CML: Mortgage lending sees slight February dip but strong yearly growth

New CML data released today on the profile of UK lending in February 2014, including first-time buyer, home mover, remortgagor and buy-to-let lending, shows a slight dip in Feburary - but a rise compared to February 2013.

10 Apr 2014

H&R launches two sub-2% fixed rates

Mortgages

H&R launches two sub-2% fixed rates

Hinckley & Rugby Building Society, which lends throughout England & Wales, has launched two new fixed rate mortgages. Both are fixed for two years and charge less than two per cent interest.

10 Apr 2014

Freedom Finance hits £2m milestone with Prestige in March

Freedom Finance hits £2m milestone with Prestige in March

Freedom Finance today reveals that it paid out £5 million in second charge loans from Prestige Finance in the first three months of 2014.

10 Apr 2014

CML: BTL lending sees 46% year on year increase

CML: BTL lending sees 46% year on year increase

New CML data released today shows gross BTL lending decreased in February to 14,300 compared to 15,700 in January but there was a strong year-on-year increase in volume of 46% compared to February 2013.

10 Apr 2014

CML: FTB lending up 41% on last year

Mortgages

CML: FTB lending up 41% on last year

New CML data released today on the profile of UK lending in February 2014 shows first-time buyers took out 22,200 loans in total in February, a modest rise in volume compared to January but up 41% compared to February 2013.

10 Apr 2014

Government extends pension cooling-off period

Retirement

Government extends pension cooling-off period

People who have recently taken a tax-free lump sum from their defined contribution pension will be given 18 months rather than 6 months to decide what they wish to do with the rest of their retirement savings.

10 Apr 2014

Experienced STL manager joins Shawbrook

Experienced STL manager joins Shawbrook

Shawbrook Bank’s Commercial Mortgages division has brought Andy Thurston on board as a Short Term Lending Manager.

09 Apr 2014

RBS and Norton sign Crown Mortgage Management standby agreement

Latest News

RBS and Norton sign Crown Mortgage Management standby agreement

Crown Mortgage Management has confirmed it has signed a new agreement to provide Royal Bank of Scotland (RBS) and Norton Finance with standby administration services for a growing portfolio of first and second charge mortgages.

09 Apr 2014

Equitable Life Payment Scheme payouts now exceed £900m

Protection

Equitable Life Payment Scheme payouts now exceed £900m

The government’s Equitable Life Payment Scheme (ELPS) has now paid out £901 million.

09 Apr 2014

Marc Harris joins Dragonfly as COO

Latest News

Marc Harris joins Dragonfly as COO

London-based short and medium-term lender, Dragonfly Property Finance, today announced it has hired Marc Harris as its new Chief Operating Officer. Marc will join the existing management team, with the remit of scaling the lender for growth.

09 Apr 2014

British Money makes 'universal cover' product available to all borrowers

Protection

British Money makes 'universal cover' product available to all borrowers

British Money has extended its customer criteria giving free and immediate cover to all borrowers taking out a personal loan or finance agreement as well as those with a new mortgage or re-mortgaging their properties.

09 Apr 2014

Mortgage servicer Pepper maintains all three Fitch ratings

Mortgages

Mortgage servicer Pepper maintains all three Fitch ratings

Pepper, the mortgage servicer formerly known as Oakwood Global Finance, has maintained its Master, Primary and Special Servicer ratings, and remains the only UK servicer to hold ratings in all three available categories.

09 Apr 2014

1 in 7 will retire with no pension

Retirement

1 in 7 will retire with no pension

One in seven (14%) of those planning to retire this year has made no personal pension provision and will be either totally or heavily dependent on the State Pension, according to research by Prudential.

09 Apr 2014

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