Latest News

Highest house purchase lending since 2007: CML figures

Mortgages

Highest house purchase lending since 2007: CML figures

According to the latest lending figures from the CML, gross UK mortgage lending was £16.2bn in September, a slight decrease compared to August when it was £16.4bn but up 41% compared to September last year.

12 Nov 2013

BTL lending rises 12% in Q3

Mortgages

BTL lending rises 12% in Q3

Lending for buy-to-let increased marginally in September with 14,600 buy-to-let loans advanced, which was up 0.7% in volume compared to August, according to the latest data from the Council of Mortgage Lenders.

12 Nov 2013

Lending to FTBs up 34% on 2012 figures

Mortgages

Lending to FTBs up 34% on 2012 figures

According to the latest data from the Council of Mortgage Lenders, lending to first-time buyers totalled 23,600 loans in September, a decrease of 12% in volume compared to August but up 34% compared to September 2012.

12 Nov 2013

UK rents stabilise as rate of increase slows down

Mortgages

UK rents stabilise as rate of increase slows down

Average rents across the UK appear to have stabilised, according to the latest HomeLet Rental Index.

12 Nov 2013

TISA Exchange launches new pension transfer service

Retirement

TISA Exchange launches new pension transfer service

Re-registration of pension assets taking no longer than six business days will soon be the norm with the introduction of a new service from TISA Exchange, the cross-industry ‘contract club’ facilitating the electronic transfer of assets.

12 Nov 2013

Lending for resi construction shrinks 10% since Help to Buy

Lending for resi construction shrinks 10% since Help to Buy

Lending to fund construction of residential property has shrunk by 10% in the last five months, says EMW, the commercial law firm.

11 Nov 2013

Why is the protection gap growing?

Protection

Why is the protection gap growing?

Survey after survey continues to focus attention on the growing protection gap. We all know it exists, but why is it growing and what are the solutions?

11 Nov 2013

Accord slashes rates on two-year fixes

Mortgages

Accord slashes rates on two-year fixes

From today, Accord has reduced two year fixed rate mortgages, which now start from 3.89%, and extended customer choice by introducing five year fixed rate products starting from 4.39%.

11 Nov 2013

Help to Buy 2 gets underway with 2,000 buyers signed up

Mortgages

Help to Buy 2 gets underway with 2,000 buyers signed up

More than 2,000 people have put in offers on homes under the Help to Buy scheme, totalling £365 million of new mortgage lending.

11 Nov 2013

Newcastle BS cuts rate on 95% mortgage

Mortgages

Newcastle BS cuts rate on 95% mortgage

In a bid to support the housing market further, Newcastle Building Society has launched a 95% LTV product at a rate of 5.59% (APR 6.1%), which is a cut from the previous rate.

11 Nov 2013

 

New products & criteria released by Prestige Finance

New products & criteria released by Prestige Finance

Prestige Finance has released new products and criteria, including a new plan to 85% LTV, a new near prime plan and improvements to the maximum loan size, which now goes up to £2.5 million.

11 Nov 2013

SfI supports launch of new investment fund range

Savings & Investments

SfI supports launch of new investment fund range

Santander for Intermediaries has today announced it will be distributing the newly launched range of investment funds, ‘Santander Atlas Portfolios’. The range will be available exclusively to UK intermediaries and sold through platforms.

11 Nov 2013

High Street underwriting hasn't recovered its nerve, says mutual

High Street underwriting hasn't recovered its nerve, says mutual

Dudley Building Society believes that general underwriting has lost its way under the dual burden of trying to eradicate perceived excesses of past lending practice and negative interpretation of the regulator’s consultation processes.

11 Nov 2013

Simon Stern, Director of Prestige Finance

In The Spotlight

Simon Stern, Director of Prestige Finance

Financial Reporter had a chat with Simon Stern, Director of Prestige Finance about secured lending and the problems facing brokers in the current market.

08 Nov 2013

Increase in optimism over home values - but men more confident than women

Mortgages

Increase in optimism over home values - but men more confident than women

New research from Clydesdale and Yorkshire Banks today highlighted that confidence is starting to return to the property market.

08 Nov 2013

Hinckley & Rugby cuts BTL to below 3.5%

Mortgages

Hinckley & Rugby cuts BTL to below 3.5%

Hinckley & Rugby Building Society has today cut the interest rate on its Buy To Let two year discount mortgage from 4.19% to 3.49%. The mortgage is available at up to 75% LTV.

08 Nov 2013

Transactions and prices continue to climb across the country

Mortgages

Transactions and prices continue to climb across the country

According to the latest data from LSL Property Services/Acadametrics released today, both housing transactions and prices have risen across the country.

08 Nov 2013

Santander introduce 2.34% intermediary-only product

Mortgages

Santander introduce 2.34% intermediary-only product

On Monday 11th November Santander for Intermediaries will be reducing selected 2 year fixed rates at 75% and 80% LTV, including their Existing Mover and Current Account exclusives.

08 Nov 2013

Increasing hope for borrowers with small deposits, says Ray Boulger

Mortgages

Increasing hope for borrowers with small deposits, says Ray Boulger

Ray Boulger, of independent mortgage adviser John Charcol, comments on the mortgage market and today’s as expected announcement from the MPC of no change in Bank Rate or the amount of Quantitative Easing.

07 Nov 2013

MPs team up to promote alternative finance

MPs team up to promote alternative finance

A group of influential cross-party MPs have come together to form a Parliamentary Group to investigate and promote non-bank finance models which can fund community, social and private sector companies.

07 Nov 2013

Leeds launches remortgage fixed rates from 2.04%

Mortgages

Leeds launches remortgage fixed rates from 2.04%

Leeds Building Society has unveiled a range of 2 and 3 year fixed rate deals for those customers who are looking to remortgage.

07 Nov 2013

New 90% 2-year fix launched by Hinckley & Rugby

Mortgages

New 90% 2-year fix launched by Hinckley & Rugby

Hinckley & Rugby Building Society will tomorrow launch a new two year fixed rate mortgage at 3.89% interest for up to 90% LTV.

07 Nov 2013

First Complete begins tour of income protection workshops

Protection

First Complete begins tour of income protection workshops

First Complete has just kicked off a series of income protection workshops around the country; this follows a series of workshops in October covering ‘the fundamentals of selling protection’ and ‘protection for the over 50s market’.

07 Nov 2013

Paradigm holds first Northern Ireland round table event

Mortgages

Paradigm holds first Northern Ireland round table event

Paradigm Mortgage Services, the mortgage services proposition, has today announced it is holding a round table event for directly authorised advisers in Northern Ireland for the first time.

07 Nov 2013

Leeds launches sub-2.50% Help to Buy mortgage

Mortgages

Leeds launches sub-2.50% Help to Buy mortgage

Leeds Building Society has announced the re-launch of its mortgage product which can be used alongside the Government’s Help to Buy Equity Loan scheme.

06 Nov 2013

‘Over 900 developers’ responding to Help to Buy demand

Mortgages

‘Over 900 developers’ responding to Help to Buy demand

Over 900 developers across the country will be at the forefront of getting Britain building in direct response to demand for Help to Buy, according to the government.

06 Nov 2013

'Super suburbs' set to outperform prime London

Mortgages

'Super suburbs' set to outperform prime London

Price growth in the prime housing markets of central London is expected to exceed 23% over the next five years, on the assumption that there are no further changes to the taxation of high value property, according to Savills.

06 Nov 2013

Average UK house price to rise 25% in five years

Mortgages

Average UK house price to rise 25% in five years

The UK mainstream housing market will see average price growth of 25% over the five years to the end of 2018 says international real estate adviser, Savills in its five year forecast released today.

06 Nov 2013

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