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60% don't know size of their mortgage debt

60% don't know size of their mortgage debt

New data reveals that most mortgage borrowers are oblivious to the size of their debt, with three in five unable to say what’s left to pay on their loan.

14 Dec 2016

Just 27% understand how base rate affects mortgages

Just 27% understand how base rate affects mortgages

Just one in four (27%) homeowners understand how cuts to the Bank of England’s base rate could affect their mortgage payments, according to new research from Trussle.

14 Dec 2016

Shawbrook cuts Specialist BTL rates by up to 0.96%

Shawbrook cuts Specialist BTL rates by up to 0.96%

Shawbrook has reduced rates by up to 0.96% on Specialist BTL products and up to 1.06% on Commercial products.

13 Dec 2016

Client retention key focus for 90% of brokers

Client retention key focus for 90% of brokers

90% of brokers say that client retention is a key focus for their business with just under a quarter of brokers (23%) citing it as their biggest business challenge, according to research from Legal & General.

13 Dec 2016

Savings accounts paying over 1% halve in 2016

Savings accounts paying over 1% halve in 2016

The number of savings accounts paying 1% or more has halved in 2016 as reductions outweigh rate rises for the 14th consecutive month.

13 Dec 2016

Bluestone appoints Peter McGuinness as Group CEO

Bluestone appoints Peter McGuinness as Group CEO

Bluestone Group has appointed Peter McGuinness as Group CEO, with immediate effect.

13 Dec 2016

Pension providers making "significant progress" on fee reductions: FCA

Pension providers making "significant progress" on fee reductions: FCA

Pension providers have made "significant progress" towards reducing fees and charges, but some people are still at risk of high charges, according to a new report by the FCA and the Department for Work and Pensions.

13 Dec 2016

Mortgage rates fall to new record lows: BoE

Mortgage rates fall to new record lows: BoE

Interest rates on residential mortgages fell by 8 bps in Q3 2016 to 2.47% - the lowest rate ever recorded in the Bank of England's Mortgage Lenders and Administrators Statistics.

13 Dec 2016

Inflation rises to two-year high of 1.2%

Inflation rises to two-year high of 1.2%

The Consumer Prices Index rose by 1.2% in the year to November 2016, following a surprise fall to 0.9% in October, according to the latest ONS statistics.

13 Dec 2016

House prices up 6.9% in October: UK HPI

House prices up 6.9% in October: UK HPI

Average house prices in the UK increased by 6.9% in the year to October 2016, down from 7.0% in the year to September 2016, according to the latest UK House Price Index from the ONS and Land Registry.

13 Dec 2016

 

Equity Release Council’s membership leaps 10% in Q4

Equity Release Council’s membership leaps 10% in Q4

The Equity Release Council has welcomed its 500th member this month, 25 years on from the launch of the first equity release industry Standards by its original provider members in December 1991.

13 Dec 2016

Government reduces Lloyds stake to below 7%

Government reduces Lloyds stake to below 7%

The government has sold a further 1% of its shares in Lloyds Banking Group, reducing its remaining shareholding to less than 7%.

13 Dec 2016

It's beginning to look a lot like Christmas

It's beginning to look a lot like Christmas

Christmas often provides plenty of thinking time for clients as they seek to understand and prioritise just what needs doing in the new year. It’s also a period when many people spend far more time in their homes than they would normally, and given this, it’s understandable that their attention turns to all things house-related.

12 Dec 2016

Value of private housing soars to £5.6 trillion

Value of private housing soars to £5.6 trillion

The total value of privately owned housing stock in the UK has grown by £1.9 trillion (or 51%) to over £5.5 trillion in the past decade, according to new research by Halifax.

12 Dec 2016

NatWest revamps criteria for high-income contractors

NatWest revamps criteria for high-income contractors

NatWest Intermediary Solutions has introduced changes to the way it assesses the income of high earning contractors and the type of maintenance payments it will accept.

12 Dec 2016

Three new distributors join UnderwriteMe

Three new distributors join UnderwriteMe

Following an initial launch with independent Protection advice firm, LifeSearch, and a direct to consumer implementation through Cavendish Online, UnderwriteMe has been chosen by three further intermediaries: Assured Futures, Tuto and Future Proof.

12 Dec 2016

L&G Matrix to provide latest BTL calculations

L&G Matrix to provide latest BTL calculations

Legal & General Mortgage Club has today announced the launch of its new Rental Calculation Matrix which aims to raise awareness of the incoming buy-to-let changes next year.

12 Dec 2016

FCA launches review into mortgage advice

FCA launches review into mortgage advice

The FCA has launched a new market study to consider whether competition in the mortgage sector can be improved to benefit consumers.

12 Dec 2016

Affordable housing firm to launch in UK

Affordable housing firm to launch in UK

Indian residential property developer, Xrbia, is set to launch in the UK in a bid to help tackle the housing crisis.

12 Dec 2016

Retirees earning £26,000 a year in property wealth

Retirees earning £26,000 a year in property wealth

Retired homeowners have gained an average of £26,000 this year from their houses, according to Key Retirement research.

12 Dec 2016

79% of consumers unaware of second charge

79% of consumers unaware of second charge

79% of people in the UK don’t know what a second charge mortgage is, despite increased promotion following the Mortgage Credit Directive, according to Together research.

12 Dec 2016

House prices recover to pre-referendum levels

House prices recover to pre-referendum levels

The average house price in England and Wales rose by 0.1% in November, marking a recovery to the level immediately prior to the referendum, according to the latest Your Move house price index.

12 Dec 2016

In the Spotlight with Jason Neale, Magellan Homeloans

In the Spotlight with Jason Neale, Magellan Homeloans

We spoke to Jason Neale, Sales Director at Magellan Homeloans, about the supply of affordable new housing and the future of the complex lending market.

09 Dec 2016

Second charge lending drops 22%: FLA

Second charge lending drops 22%: FLA

Second charge mortgage new business decreased 15% by value and 22% by volume in October compared to the same month last year, according to figures released by the Finance & Leasing Association.

09 Dec 2016

FCA plans to extend mortgage rules to crowdfunding

FCA plans to extend mortgage rules to crowdfunding

The FCA plans to modify a number of rules relating to the crowdfunding market, and is considering extending mortgage-lending standards to loan-based platforms.

09 Dec 2016

Aldermore appoints Head of Intermediary Distribution

Aldermore appoints Head of Intermediary Distribution

Aldermore has announced the appointment of Roger Evans as Head of Intermediary Distribution.

09 Dec 2016

BTL listings surge in November

BTL listings surge in November

According to the latest data from crowdfunding platform, Property Partner, there has been a surge in the number of new buy-to-let properties coming to market as almost six out of ten UK towns and cities saw a rise during November.

09 Dec 2016

Coventry launches 2 year fix at 1.29%

Coventry launches 2 year fix at 1.29%

Coventry for intermediaries has announced today that it has reduced rates for selected 2 Year Fixed products at 50- 90% LTV, across its Buy to Let and Residential ranges including its lowest ever 2 Year Fixed rate at 1.29%.

09 Dec 2016

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