Latest News

Help to Buy 2 fails to boost pre-Christmas market - but recovery continues

Mortgages

Help to Buy 2 fails to boost pre-Christmas market - but recovery continues

According to the latest data from Rightmove, the underlying recovery of the housing market continues despite a lack of obvious impact from the second stage of Help to Buy.

18 Nov 2013

PMS & Sesame team up with Precise for 80% LTV products

Mortgages

PMS & Sesame team up with Precise for 80% LTV products

PMS members and appointed representatives of Sesame now have exclusive access to a range of 80% LTV products designed for clients who have a low credit score or may have current and past credit issues.

18 Nov 2013

Downsizing gains popularity as homemovers make up to £272,000

Mortgages

Downsizing gains popularity as homemovers make up to £272,000

A new report from Lloyds Bank shows that downsizing continues to be a strong driver of property sales, with almost half (45%) of homeowners planning to sell their property in the next three years saying they’d like to downsize.

18 Nov 2013

Tesco cuts two-year fix to 1.64%

Mortgages

Tesco cuts two-year fix to 1.64%

Tesco Bank has cut the rate of its two-year fixed rate mortgage by 0.1% to 1.64%.

15 Nov 2013

Tom Garratt, Head of Intermediary Development at The Loans Engine

In The Spotlight

Tom Garratt, Head of Intermediary Development at The Loans Engine

Financial Reporter had a chat with Tom Garratt, Head of Intermediary Development at The Loans Engine, about the future of secured lending and how FCA regulation is affecting intermediaries.

15 Nov 2013

Soaring number of househunters could squeeze FTBs out, says NAEA

Mortgages

Soaring number of househunters could squeeze FTBs out, says NAEA

There are significantly more active house hunters in the market compared to this time last year, however first time buyer numbers have fallen again, according to the National Association of Estate Agents.

15 Nov 2013

Nationwide mortgage lending rises by a third

Mortgages

Nationwide mortgage lending rises by a third

Over the half year to 30 September 2013, the Nationwide Group has increased its gross mortgage lending by 37% to £14 billion, accounting for 15.4% of all UK residential mortgage lending – the Society’s highest six month lending period for five years.

15 Nov 2013

BTL rates held steady by market competition and FLS

Mortgages

BTL rates held steady by market competition and FLS

The upward trend of longer term swap rates has led to an increase in three and five year fixed rate buy to let mortgages; however, the increases have been tempered by market competition and the effects of the Funding for Lending Scheme.

15 Nov 2013

Remortgage activity hits six-year high

Mortgages

Remortgage activity hits six-year high

Remortgaging activity in 2013 is the highest it has been for six years, according to chartered surveyors Connells Survey & Valuation.

15 Nov 2013

Auto enrolment planning tool launched by Scottish Widows for advisers

Retirement

Auto enrolment planning tool launched by Scottish Widows for advisers

Scottish Widows has launched a new interactive auto enrolment planning tool designed to help advisers project manage their employer clients through the biggest legislative shake-up in a generation.

14 Nov 2013

 

SIPP provider simplifies its offering

Retirement

SIPP provider simplifies its offering

In order to further simplify its proposition for both IFAs and execution-only clients, SIPP provider, Liberty SIPP, has today reduced its offering to one SIPP alone: The Liberty Option SIPP.

14 Nov 2013

Arrears & repossessions drop in Q3: CML

Latest News

Arrears & repossessions drop in Q3: CML

The latest survey results from the Council of Mortgage Lenders show a further fall in the number of mortgages in arrears, as well as the number of repossessions, in the third quarter of the year.

14 Nov 2013

32% of brokers unprepared for MMR having made no changes

Mortgages

32% of brokers unprepared for MMR having made no changes

New research from IRESS has found that over two thirds of brokers (69%) now understand the changes they need to make to their business ahead the Mortgage Market Review and how it will affect the mortgage process.

14 Nov 2013

LendInvest trades almost £9m of loans since launch

LendInvest trades almost £9m of loans since launch

LendInvest, the first live peer-to-peer lending platform specifically for residential and commercial mortgages, has today revealed some statistics on the returns being achieved by investors.

14 Nov 2013

High LTV lending rockets 80% year-on-year

Mortgages

High LTV lending rockets 80% year-on-year

House purchase lending increased for the eighth month in a row in October, reaching the highest level in nearly six years, according to the latest Mortgage Monitor from e.surv.

14 Nov 2013

Help to Buy could help to stabilise rental market

Mortgages

Help to Buy could help to stabilise rental market

Landlord Assist says demand for the Government’s flagship Help to Buy Scheme coupled with an expected rise in interest rates could be the catalyst for the buy-to-let sector becoming more tenant-friendly.

13 Nov 2013

Precise Mortgages cuts fixed rates

Mortgages

Precise Mortgages cuts fixed rates

Precise Mortgages, the intermediary only lender, has reduced pricing on its fixed rate Home Owner mortgage products.

13 Nov 2013

Bank warns of mortgage prisoners due to interest-only withdrawal

Mortgages

Bank warns of mortgage prisoners due to interest-only withdrawal

Challenger bank Aldermore is warning of a potential rise in mortgage prisoners, due to lenders pulling out of the interest-only mortgage market.

13 Nov 2013

Mortgage Brain to offer customised data to lenders

Mortgages

Mortgage Brain to offer customised data to lenders

Mortgage Brain, the multi-award winning mortgage technology solutions provider, is offering lenders customised versions of its new product data analysis.

13 Nov 2013

Best rates of 2014 will only be available for six months, warns broker

Mortgages

Best rates of 2014 will only be available for six months, warns broker

Today, Springtide Capital has predicted that the best mortgage rates of 2014 will only be available for six months at most.

12 Nov 2013

Savers missing out due to apathy over low interest rates

Savings & Investments

Savers missing out due to apathy over low interest rates

Over a quarter (26%) of adults are stuck on low savings interest rates as they believe rates are so low it isn’t worth looking elsewhere according to a poll byMoneySuperMarket.

12 Nov 2013

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

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