Latest News

Mortgage rates fall to average of 3.81% in May

Mortgages

Mortgage rates fall to average of 3.81% in May

The average rate of UK retail mortgages (including all fixed and variable rates and all LTVs) in May 2014 is 3.81%, down 0.15% from April 2014, according to the Moneyfacts True Cost Index.

18 Jun 2014

P2PFA announces new standard for calculating default rates

P2PFA announces new standard for calculating default rates

The Peer-to-Peer Finance Association today announced a further measure to improve standards in the peer to peer lending market.

18 Jun 2014

'Fertile middle ground' of P2P could be the future for savers

'Fertile middle ground' of P2P could be the future for savers

Following another disappointing ISA season, providing a better alternative for hard-pressed savers should underpin how P2P is included within the tax-free wrapper, according to UK platform RateSetter.

18 Jun 2014

SimplyBiz launches 'protection awareness week'

Protection

SimplyBiz launches 'protection awareness week'

The SimplyBiz Group is undertaking a dedicated ‘protection awareness week’ which aims to help advisers better educate clients about protection products and opportunities.

18 Jun 2014

Just 6% think curbing Help to Buy would help price inflation: BSA

Mortgages

Just 6% think curbing Help to Buy would help price inflation: BSA

The number of people who think that now is a good time to buy a home is at its lowest level since June 2008, with buyers pessimistic about price inflation, the BSA's Property Tracker report has revealed.

18 Jun 2014

SCF expands commercial & bridging team

SCF expands commercial & bridging team

Specialist Commercial Finance has announced the appointment of Wes Friedel to its rapidly expanding commercial and bridging team.

18 Jun 2014

Evolution Money makes two new funding announcements

Evolution Money makes two new funding announcements

Evolution Money has announced an important milestone in its funding strategy today, having agreed an extension of its RBS facility and additional funding support through a syndicated deal with Shawbrook Bank.

18 Jun 2014

The European Commission is unfit to dictate housing policies of an elected parliament

The European Commission is unfit to dictate housing policies of an elected parliament

I read with horror recently that the European Commission now feels it’s qualified to advise the Chancellor of the Exchequer on British housing policy.

17 Jun 2014

Bridgebank Capital appoints ex-RBS director

Latest News

Bridgebank Capital appoints ex-RBS director

Bridgebank Capital has announced the appointment of Steve Bryce as Head of Credit Risk, to support the company’s continued growth and greater emphasis on larger loan advances.

17 Jun 2014

BoE 'will not hesitate' to act on housing market when needed: Carney

Mortgages

BoE 'will not hesitate' to act on housing market when needed: Carney

In his opening comments to the Bank of England's Annual Report, released today, Governor Mark Carney emphasised that the Bank will take action on the housing market when necessary.

17 Jun 2014

 

AA launches conveyancing service

Legal

AA launches conveyancing service

The AA has announced it is launching a home conveyancing service.

17 Jun 2014

Mortgage con man jailed for 5 years

Mortgages

Mortgage con man jailed for 5 years

A fraudster who tricked property buyers and investors into handing over approximately £650,000 has been jailed for five years.

17 Jun 2014

UK inflation falls to 1.5%: ONS

Latest News

UK inflation falls to 1.5%: ONS

The UK's headline rate of inflation fell to 1.5% in the year to May, down from 1.8% in April, according to the Office for National Statistics.

17 Jun 2014

Borrowers should not be complacent over rates, warns L&G

Mortgages

Borrowers should not be complacent over rates, warns L&G

Legal & General Mortgage Club has today warned consumers not to be caught out by rising interest rates.

17 Jun 2014

House prices soar 9.9% in April: ONS

Mortgages

House prices soar 9.9% in April: ONS

UK house prices increased by 9.9% in the year to April 2014, up from 8.0% in the year to March 2014, according to the latest statistics from the ONS.

17 Jun 2014

SFS welcomes new Operations Manager

SFS welcomes new Operations Manager

Specialist Financial Services has announced the appointment of Darren Grace to assist with the continued expansion of its second charge loan operation to its network of business partners and introducers.

17 Jun 2014

Virgin launches team of mortgages from 1.78% to mark World Cup

Mortgages

Virgin launches team of mortgages from 1.78% to mark World Cup

With the FIFA World Cup in Brazil well underway, Virgin Money is launching a range of new mortgage products to take its range of intermediary-exclusive mortgages to a team of 11 products.

16 Jun 2014

Automate income verification to speed up mortgage process, says Equifax

Mortgages

Automate income verification to speed up mortgage process, says Equifax

Equifax believes that automated income verification can help improve the time required for mortgage applications, to help offset the impact of tougher affordability criteria.

16 Jun 2014

FSE Manchester 2014 - Alan Collinson, Berkeley Alexander Insurance Services

Mortgages

FSE Manchester 2014 - Alan Collinson, Berkeley Alexander Insurance Services

We spoke to Alan Collinson from Berkeley Alexander at FSE Manchester 2014.

16 Jun 2014

Leeds slashes BTL fees

Leeds slashes BTL fees

Leeds Building Society has cut the fees on part of its competitive range of Buy to Let mortgages.

16 Jun 2014

Buyer/instruction ratio remains at two year high

Legal

Buyer/instruction ratio remains at two year high

New buyer registrations still increase 29% annually in spite of mortgage market tightening, according to a new report from Sequence.

16 Jun 2014

Precise Mortgages to launch second securitisation

Latest News

Precise Mortgages to launch second securitisation

Precise Mortgages is making preparations for its second securitisation following the successful completion of its inaugural securitisation in December 2013.

16 Jun 2014

FCA fines Credit Suisse and Yorkshire BS over promotions failures

Latest News

FCA fines Credit Suisse and Yorkshire BS over promotions failures

The FCA has today fined both Credit Suisse International and Yorkshire Building Society for failing to ensure financial promotions for CSI’s Cliquet Product were clear, fair and not misleading.

16 Jun 2014

TBMC launches 80% BTL exclusives

Mortgages

TBMC launches 80% BTL exclusives

TBMC, the buy-to-let mortgage specialist, has launched two new exclusive buy-to-let mortgages with Mortgage Trust.

16 Jun 2014

Shawbrook Bank reaches £2bn savings milestone

Shawbrook Bank reaches £2bn savings milestone

Shawbrook Bank has surpassed £2billion in savings deposited by personal, SME and charity customers following its launch in 2011.

16 Jun 2014

Panacea launches social media guide for advisers

Latest News

Panacea launches social media guide for advisers

Panacea Adviser, the online community and resource for financial advisers, has today launched a new Social Media Guide aimed at helping advisers understand the benefits of social media and how to use it effectively.

16 Jun 2014

Rising prices are masking subdued mortgage activity: IMLA

Mortgages

Rising prices are masking subdued mortgage activity: IMLA

A new report from IMLA highlights a mismatch in housing and mortgage market activity, and urges caution from the Bank of England’s Financial Policy Committee ahead of its meeting on Tuesday 17 June.

14 Jun 2014

Simon Crone, VP - Mortgage Insurance Europe, Genworth

In The Spotlight

Simon Crone, VP - Mortgage Insurance Europe, Genworth

We spoke to Simon Crone, Vice-President - Mortgage Insurance Europe, Genworth, about high LTV lending and housing supply post-Help to Buy.

13 Jun 2014

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