Latest News

BTL mortgage applications up 41% annually

Mortgages

BTL mortgage applications up 41% annually

According to the latest National and London Lettings Index, the rental market across the UK is outperforming London.

23 Dec 2013

Remortgagers release record amounts of cash in November

Mortgages

Remortgagers release record amounts of cash in November

November remortgage lending rose to £4.22bn, up 0.4% on October’s £4.20bn. November’s figure is also 24.1% higher than this time last year, according to the LMS Remortgage Report.

23 Dec 2013

Matt Cottle, Commercial Director, Y3S Group

In The Spotlight

Matt Cottle, Commercial Director, Y3S Group

Financial Reporter had a chat with Matt Cottle, Commercial Director of Y3S Group, who've had a busy year...

20 Dec 2013

Over 200,000 homes at risk of repossession

Latest News

Over 200,000 homes at risk of repossession

More than 200,000 households in England are at risk of repossession or eviction, according to new statistics released by Shelter.

20 Dec 2013

Shawbrook launches new bond at 2.40%

Savings & Investments

Shawbrook launches new bond at 2.40%

Shawbrook has launched a new 2-year fixed rate bond offering savers a rate of 2.40% AER placing it top of Moneyfacts best buys.

20 Dec 2013

BoE says base rate rise could double number of vulnerable mortgagors

Mortgages

BoE says base rate rise could double number of vulnerable mortgagors

The Bank of England has said that if the base rate rose to three per cent, the number of “vulnerable mortgagors” would double to 16%, unless incomes rise.

20 Dec 2013

RBS/NatWest pledges £100m to SMEs via NACFB brokers

RBS/NatWest pledges £100m to SMEs via NACFB brokers

The RBS/NatWest Group will make £100m of funding available to small businesses through the NACFB in a pilot that signals the lender’s commitment to support the growing market for brokered business loans.

20 Dec 2013

first direct introduces 1.99% offset mortgage

Mortgages

first direct introduces 1.99% offset mortgage

Today first direct is introducing a best buy 65% LTV 1.99% 2 year fixed rate offset mortgage with £1,499 booking fee.

20 Dec 2013

Lack of supply will push prices up next year, warns BTL specialist

Mortgages

Lack of supply will push prices up next year, warns BTL specialist

Buy-to-let specialists Assetz examined the outlook for the UK housing market next year and predict that house prices will grow 10% in 2014, driven by a continued lack of property supply.

19 Dec 2013

NatWest to launch Help to Buy 2 deals for intermediaries in January

Mortgages

NatWest to launch Help to Buy 2 deals for intermediaries in January

NatWest Intermediary Solutions has announced that it will be launching its Help to Buy: mortgage guarantee scheme products in January. It expects to be able to announce the exact launch date early next month.

19 Dec 2013

 

Gross mortgage lending up 30% in 2013

Mortgages

Gross mortgage lending up 30% in 2013

There was an estimated £17 billion of gross mortgage lending in November, according to the Council of Mortgage Lenders.

19 Dec 2013

Over 12,000 mortgage products available as product range hits 5-year high

Mortgages

Over 12,000 mortgage products available as product range hits 5-year high

The addition of 1,287 mortgage products since September gave consumers a choice of over 12,000 products – the first time this milestone has been reached in more than four and a half years, according to the Mortgage Advice Bureau.

19 Dec 2013

BTL set to soar as fifth of landlords plan to buy in Q1 2014

BTL set to soar as fifth of landlords plan to buy in Q1 2014

Landlords are looking to 2014 with an increasing sense of optimism for the wider buy-to-let market and the performance of their rental portfolios, a report by Paragon Mortgages has revealed.

19 Dec 2013

House prices to jump nearly 10% in 2014: RICS

Mortgages

House prices to jump nearly 10% in 2014: RICS

House prices in the UK will see an increase of 8% over the course of next year while the cost of renting a home should rise by a further 2%, according to RICS.

19 Dec 2013

2013 to end on a high for secured lending: Secured Loans Index

2013 to end on a high for secured lending: Secured Loans Index

2013 has ended on a high for secured lending, according to data from Loans Warehouse's Secured Loans Index, as November was the second biggest month of the year.

19 Dec 2013

Looking forward to 2014

Looking forward to 2014

We’ve seen continued strengthening of the economy in the later part of 2013 – but I think next year will blow this year out of the water.

18 Dec 2013

Advisers should recognise need for financial planning after care reforms, says survey

Retirement

Advisers should recognise need for financial planning after care reforms, says survey

Sweeping reforms of the social care system have the potential to trigger massive growth in demand for specialist care-funding advice as many of those paying for care grasp the huge cost implications of the new rules.

18 Dec 2013

Adviser investment company platform purchases up two thirds post-RDR

Savings & Investments

Adviser investment company platform purchases up two thirds post-RDR

A report by the AIC shows a 66% increase in adviser and wealth manager investment company platform purchases in the first nine months of 2013 post-RDR in comparison to the same period in 2012.

18 Dec 2013

Ipswich BS cuts rates for local FTBs

Mortgages

Ipswich BS cuts rates for local FTBs

Ipswich Building Society will be aiming to help borrowers achieve their new year's resolutions of home ownership thanks to a competitive offer for first time buyers living in the East of England.

18 Dec 2013

Scottish housing activity up 23% on last year

Mortgages

Scottish housing activity up 23% on last year

Scottish house prices are up £1,368 since October 2012, according to the latest data from LSL/Acadata.

18 Dec 2013

Gross mortgage lending to grow 15% in 2014: CML

Mortgages

Gross mortgage lending to grow 15% in 2014: CML

A recovery in the housing market since the spring has contributed to an increase in gross lending, which is now expected to grow by almost 20% this year, according to a recently published market forecast by CML.

18 Dec 2013

A small price to pay?

A small price to pay?

We’re facing perhaps the biggest shake-up to our industry in more than five years.

17 Dec 2013

ONS: Prices paid by FTBs 5.9% higher than in 2012

Mortgages

ONS: Prices paid by FTBs 5.9% higher than in 2012

The latest ONS House Price Index, released today, shows that in the 12 months to October, house prices increased by 5.5% - up from a 3.8% increase in the 12 months to September.

17 Dec 2013

Santander for Intermediaries increases maximum loan on 80 - 90% LTV

Mortgages

Santander for Intermediaries increases maximum loan on 80 - 90% LTV

Santander for Intermediaries has announced today it will be increasing its maximum loan allowance on a number of its product ranges.

17 Dec 2013

North-South divide clear as lenders release lending data by postcode

Mortgages

North-South divide clear as lenders release lending data by postcode

Major mortgage lenders today publish details for the first time of their total outstanding residential mortgage lending (including most buy-to-let lending as well as home-owner lending) broken down over 9,030 postcode sectors across Great Britain.

17 Dec 2013

Rising house prices create 255 property millionaires a day

Mortgages

Rising house prices create 255 property millionaires a day

Continued strong demand for prime residential property throughout 2013 has created 92,985 more property millionaires in Britain over the past 12 months, according to the latest research from property website Zoopla.

17 Dec 2013

borro to lend against wider range of assets

borro to lend against wider range of assets

Personal asset lender has launched a new service for clients who have invested in high end handbags from luxury brands and are looking to either unlock the capital, or sell the asset.

16 Dec 2013

New payday loans cap will encourage borrowing, warns lender

New payday loans cap will encourage borrowing, warns lender

The latest research from Amigo Loans reveals the majority of Brits (84%) are in support of Government plans to introduce a cap on the cost of payday loans - however, it may encourage some groups of people to take on debt.

16 Dec 2013

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