Latest News

West One agrees £1m development funding deal

West One agrees £1m development funding deal

West One Loans has stepped in to fund a loan of almost £1m on a highly unusual property construction after the borrower was let down at the last minute by another lender.

25 Sep 2013

Scottish lawyers vote against separate legal representation

Legal

Scottish lawyers vote against separate legal representation

Lawyers in Scotland have voted against a proposed change in rules which would end the practice of having one solicitor represent housebuyers and their mortgage lenders.

24 Sep 2013

Hymans Robertson & Partnership complete enhanced annuity buy-in

Retirement

Hymans Robertson & Partnership complete enhanced annuity buy-in

Enhanced annuity provider Partnership has completed a £22m enhanced buy-in for a client of Hymans Robertson covering around 20 of the pension scheme’s highest liability pensioner members.

24 Sep 2013

House purchase approvals highest in four years

Mortgages

House purchase approvals highest in four years

According to the latest data from the British Bankers' Association, gross mortgage borrowing of £9.3bn in August was higher than in July and above the average of £8.4bn over the previous six months.

24 Sep 2013

How far we’ve come…and how far is left to go

How far we’ve come…and how far is left to go

There’s a time and a place for a quick snapshot survey, and sometimes we need to get an instant guide from our membership.

24 Sep 2013

Prestige announces increased LTVs and further enhancements

Prestige announces increased LTVs and further enhancements

Prestige Finance, the intermediary focused secured loan lender, part of OneSavings Bank, has announced the second phase of enhancements to its lending criteria since its relaunch in March this year.

24 Sep 2013

Remortgage lending down 14.8% monthly - but still tops last year's figure

Mortgages

Remortgage lending down 14.8% monthly - but still tops last year's figure

LMS figures reveal that monthly gross remortgage lending decreased by £561m in August to £3.2bn.

24 Sep 2013

West Brom hikes BTL tracker rate up

Mortgages

West Brom hikes BTL tracker rate up

West Bromwich Mortgage Company has blamed “market conditions” for the 2 percentage point increase in its BTL tracker rate which will come into effect in December and affect around 6,700 borrowers.

23 Sep 2013

Tipton & Coseley Building Society joins SimplyBiz panel

Mortgages

Tipton & Coseley Building Society joins SimplyBiz panel

With effect from Monday 23rd September, Tipton & Coseley Building Society has joined the SimplyBiz Mortgages panel of lenders.

23 Sep 2013

Commercial mortgage opportunities outside of London for canny brokers

Blogs

Commercial mortgage opportunities outside of London for canny brokers

[Blog from Karen Bennett, Sales and Marketing Director, Commercial Mortgages, Shawbrook Bank]

23 Sep 2013

 

Under-45s unaware of pension investment value

Retirement

Under-45s unaware of pension investment value

According to recent research from Standard Life, the vast majority of under 45s with pensions are not aware of the total value of their pension pots or the income they can currently expect to receive in retirement.

23 Sep 2013

A quarter of landlords lack proper financial protection

Protection

A quarter of landlords lack proper financial protection

Insurance provider AXA, warns that while the buy-to-let market thrives, hundreds of thousands of landlords are leaving themselves and their tenants exposed through lack of protection and little financial back up should the worst happen.

23 Sep 2013

Bright Grey boosts cancer definitions on CI policies

Protection

Bright Grey boosts cancer definitions on CI policies

Bright Grey has today announced changes to its critical illness cover across both business and personal menu plans, by adding three new additional conditions relating to the early detection of cancer.

23 Sep 2013

Buyers £900 a year better off than renters

Mortgages

Buyers £900 a year better off than renters

Homebuyers in the UK are £875 (10%) a year better off buying their own home instead of renting, according to research by Halifax.

23 Sep 2013

Accord launches new BTL products with no completion fees

Mortgages

Accord launches new BTL products with no completion fees

Accord Buy to Let has launched three new competitive mortgages with zero completion fees.

23 Sep 2013

Virgin Money launches BTL range from 3.38%

Mortgages

Virgin Money launches BTL range from 3.38%

Virgin Money has today launched a new range of buy-to-let mortgage products.

23 Sep 2013

James Prosser, Director of Front Events

In The Spotlight

James Prosser, Director of Front Events

Financial Reporter had a chat to James Prosser, Director at Front Events who are holding the inaugural Financial Services Expo on 1st & 2nd October.

20 Sep 2013

Consumers choose brand over adviser recommendations for mortgages

Mortgages

Consumers choose brand over adviser recommendations for mortgages

Mortgage brokers and consumer websites are increasingly informing people’s choice of mortgage products, but brand reputations are more influential than professional recommendations according to recent studies presented at the IMLA mortgage debate.

20 Sep 2013

Rents just £1 away from all-time record

Mortgages

Rents just £1 away from all-time record

Rents across England and Wales are at the second highest level on record, according to the latest Buy-to-Let Index from LSL Property Services.

20 Sep 2013

First Complete appoints Smith Greenfield to GI panel for HNW cover

Protection

First Complete appoints Smith Greenfield to GI panel for HNW cover

First Complete today appoints Smith Greenfield, a specialist provider of general insurance for high net worth clients, to its general insurance panel.

20 Sep 2013

London BTL investors 'struggling' to get high LTV finance

Mortgages

London BTL investors 'struggling' to get high LTV finance

Broker Springtide Capital has recently noted a growing problem for buy to let investors in London in achieving high LTVs due to more stringent lender criteria.

19 Sep 2013

SimplyBiz launches exclusive 95% fix through Leeds BS

Mortgages

SimplyBiz launches exclusive 95% fix through Leeds BS

SimplyBiz Mortgages has today launched a 95% LTV Fixed rate ‘Welcome’ exclusive until 30th November 2015 through Leeds Building Society. The product is available for purchase only.

19 Sep 2013

Dudley BS announces intermediary partnerships

Mortgages

Dudley BS announces intermediary partnerships

Dudley BS, which has aligned its mortgage distribution strategy exclusively to the intermediary sector, has announced the key partnerships through which the broker market will be able to transact business with the Society.

19 Sep 2013

Mortgage lending holds steady in August: CML data

Mortgages

Mortgage lending holds steady in August: CML data

Gross mortgage lending held steady in August and was an estimated £16.6 billion, according to the Council of Mortgage Lenders.

19 Sep 2013

Short term fixed rates rise for first time in over a year

Mortgages

Short term fixed rates rise for first time in over a year

The expectation that low interest rates will remain for up to three years coincided with more buyers choosing variable rates in August than any other month this year, according to the National Mortgage Index from Mortgage Advice Bureau.

19 Sep 2013

Shawbrook Bank launches dedicated Short Term Loan desk

Shawbrook Bank launches dedicated Short Term Loan desk

Shawbrook Bank has created a team dedicated to processing short term loans to help make sure its brokers never miss an urgent deal.

18 Sep 2013

Ray Watson to be the new DEMSA chairman

Latest News

Ray Watson to be the new DEMSA chairman

Ray Watson is to join the Debt Managers Standards Association as non-executive chairman.

18 Sep 2013

Precise withdraws interest-only range

Mortgages

Precise withdraws interest-only range

Precise Mortgages, the intermediary lender, has withdrawn the interest only option from its Home Owner range. Buy to Let loans and Bridging Loans are unaffected by this change.

18 Sep 2013

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