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House prices continue to inch up, Land Registry data shows

Mortgages

House prices continue to inch up, Land Registry data shows

The May data from Land Registry's House Price Index shows an annual price increase of 0.5%, or 0.1% since April, which takes the average property value in England and Wales to £161,969.

28 Jun 2013

Clydesdale & Yorkshire Banks launch mortgage range for business customers

Mortgages

Clydesdale & Yorkshire Banks launch mortgage range for business customers

Clydesdale and Yorkshire Banks are launching a new range of mortgage products exclusively for business and Private Bank customers.

28 Jun 2013

AfI launches new two-year deals

Mortgages

AfI launches new two-year deals

Today Abbey for Intermediaries is launching two new best buy two-year deals:

28 Jun 2013

London house prices now 5% higher than pre-crisis levels

Mortgages

London house prices now 5% higher than pre-crisis levels

Nationwide's House Price Index for June shows significant regional variation in price that has been masked by the gradual pick up in growth at a national level.

28 Jun 2013

IBB cuts BTL finance rental rates further

Mortgages

IBB cuts BTL finance rental rates further

Islamic Bank of Britain, the UK’s only wholly Sharia compliant retail bank, has further reduced the rental rate for its Sharia compliant Buy to Let Purchase Plan product.

28 Jun 2013

3mc completes £1.65m deal with Cambridge & Counties Bank

Mortgages

3mc completes £1.65m deal with Cambridge & Counties Bank

Leading mortgage distributor 3mc has recently completed a £1.65 million commercial mortgage transaction funded by Cambridge & Counties Bank.

28 Jun 2013

Borrowers should beware of interest rates rising, says Duncan Lawrie Private Bank

Mortgages

Borrowers should beware of interest rates rising, says Duncan Lawrie Private Bank

The Financial Policy Committee’s latest Stability Report has revealed a worrying sign for borrowers according to Duncan Lawrie Private Bank.

27 Jun 2013

Government & ABI reach agreement on flood insurance

Protection

Government & ABI reach agreement on flood insurance

Hundreds of thousands of households in flood-prone areas will be guaranteed affordable flood insurance after the government and insurance industry agreed a deal today.

27 Jun 2013

N&P says borrowers are choosing low-fee mortgages

Mortgages

N&P says borrowers are choosing low-fee mortgages

More than four out of five new borrowers with Norwich & Peterborough Building Society this year have chosen a low-fee mortgage.

27 Jun 2013

OFT refers payday lending market to Competition Commission

OFT refers payday lending market to Competition Commission

The OFT today referred the market for payday lending in the UK to the Competition Commission because of concerns the OFT has about deep-rooted problems with the way competition works.

27 Jun 2013

 

Zurich enhances Critical Illness cover

Protection

Zurich enhances Critical Illness cover

Zurich today announces enhancements to its Critical Illness product including improved protection for patients with breast cancer and partial payments on 6 medical conditions.

27 Jun 2013

Second-time buyers held back by negative equity, says Post Office

Mortgages

Second-time buyers held back by negative equity, says Post Office

According to research from Post Office’s Step-Up report, 28% of second-time buyers are unable to progress on the property ladder due to negative equity.

27 Jun 2013

Scottish Widows launches enhanced annuity to intermediary market

Retirement

Scottish Widows launches enhanced annuity to intermediary market

Scottish Widows is launching a competitively priced enhanced annuity into the intermediary market.

27 Jun 2013

USA sees biggest house prices gains in years

Blogs

USA sees biggest house prices gains in years

According to Case Shiller data, properties in the USA, on average, lost more than a third of their value in the recession, with some areas losing more than half their value.

26 Jun 2013

Hinckley & Rugby sees 40% increase in mortgage apps

Mortgages

Hinckley & Rugby sees 40% increase in mortgage apps

Hinckley & Rugby Building Society received more than £54 million of mortgage applications in the first half of its financial year, a 40 per cent increase on the same period a year before.

26 Jun 2013

Virgin Money refunds interest payments to 1,000 borrowers

Mortgages

Virgin Money refunds interest payments to 1,000 borrowers

Virgin Money has refunded about 1,000 of its former Northern Rock customers for interest payments after Northern Rock Asset Management announced in December there were errors in mortgage statements issued to borrowers.

26 Jun 2013

The Debt Advisor puts payday loans back under the spotlight

The Debt Advisor puts payday loans back under the spotlight

Beverley Budsworth, Managing Director of The Debt Advisor has been invited to chat to Adrian Goldberg on BBC Radio West Midlands today as it appears that the payday loan Industry is under the spotlight again.

26 Jun 2013

Alternative loans outperform alternative equities, says West One report

Alternative loans outperform alternative equities, says West One report

Investments in peer-to-peer lending models have vastly outpaced the alternative equity market, according to the latest research from privately funded lender West One Loans.

26 Jun 2013

PMS and Sesame launch exclusive via Melton Mowbray BS

Mortgages

PMS and Sesame launch exclusive via Melton Mowbray BS

PMS members and appointed representatives of Sesame network have access to a new exclusive three-year discount product from Melton Mowbray Building Society with an early repayment charge in the first 12 months only.

26 Jun 2013

Shawbrook announces changes to commercial range

Shawbrook announces changes to commercial range

Shawbrook Bank has given its brokers some good news to close quarter two with a raft of changes across its commercial mortgages product range.

26 Jun 2013

Retention products don't fit with post-MMR environment

Mortgages

Retention products don't fit with post-MMR environment

Retention products are unlikely to satisfy client suitability principles in the post Mortgage Market Review environment, according to Personal Touch, one of the UK's largest mortgage distributors.

25 Jun 2013

SBSLS offers new Precise 85% range

Mortgages

SBSLS offers new Precise 85% range

Sesame Bankhall Specialist Lending Services offers Precise Mortgages 85% LTV products with rates from 3.79%

25 Jun 2013

BBA: Mortgage borrowing and approvals both rose in May

Mortgages

BBA: Mortgage borrowing and approvals both rose in May

Gross mortgage borrowing of £8.6bn in May was 7.5% higher than the recent monthly average, according to data from the latest BBA High Street Banking statistics.

25 Jun 2013

Blemain unveils changes across product range

Mortgages

Blemain unveils changes across product range

Blemain Finance has today unveiled changes across a range of its products to reduce costs for brokers, further improve conversion rates, and allow them to make quicker lending decisions.

25 Jun 2013

Remortgage lending hits record highs

Mortgages

Remortgage lending hits record highs

LMS figures reveal that monthly gross remortgage lending increased by £576m in May to £3.9bn. This is up 17.1% on April’s £3.4bn reported by the Council for Mortgage Lenders last week.

25 Jun 2013

Connect Mortgages launches Precise exclusives

Mortgages

Connect Mortgages launches Precise exclusives

Connect Mortgages, part of Connect Group, is today sending its introducers details of the latest exclusive enhancements to Precise Mortgages' Home Owner range of products.

24 Jun 2013

Precise introduces 'Almost Prime' range alongside mortgage changes

Mortgages

Precise introduces 'Almost Prime' range alongside mortgage changes

Precise Mortgages, the intermediary only lender, has simplified its entire Home Owner range in a bid to make it easier for brokers to understand and to focus on customers underserved by high street lenders.

24 Jun 2013

Prime buyers say number of bathrooms is a dealbreaker

Mortgages

Prime buyers say number of bathrooms is a dealbreaker

Four out of five (79%) prime homebuyers in the UK state that the number of bathrooms in a prospective property is a significant factor in their decision-making process, according to a survey of over 4,000 prime buyers by PrimeLocation.com.

24 Jun 2013

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