Latest News

SfI announces 5-year fixed BTL at 4.34%

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SfI announces 5-year fixed BTL at 4.34%

From today, non-professional landlords keen to guarantee monthly mortgage payments for the longer term, can take advantage of Santander for Intermediaries’ new 75% LTV 5 year fixed rate Buy to Let product.

11 Apr 2014

Growth of P2P sector more than doubles annually

Growth of P2P sector more than doubles annually

A report published by the Peer-to-Peer Finance Association shows cumulative lending at the end of the first quarter in 2014 hit £1,207 billion compared to £491 million at the end of the first quarter of 2013.

11 Apr 2014

1 in 6 home loans goes to high LTV borrowers

Mortgages

1 in 6 home loans goes to high LTV borrowers

House purchase lending eased in March, as lenders tested out their MMR ready systems, according to the latest Mortgage Monitor from e.surv, the UK’s largest chartered surveyor.

11 Apr 2014

Co-op Bank reports £1.3bn loss

Latest News

Co-op Bank reports £1.3bn loss

The Co-operative Bank has confirmed today it made a loss of £1.3bn for 2013.

11 Apr 2014

Shawbrook launches new issue of 1 year fixed rate bond

Savings & Investments

Shawbrook launches new issue of 1 year fixed rate bond

Shawbrook Bank has launched a new issue of its 1 year Fixed Rate Bond offering savers a rate of 1.80% AER.

10 Apr 2014

MMR to cause further conveyancing polarisation?

Legal

MMR to cause further conveyancing polarisation?

myhomemove predicts that the launch of the Mortgage Market Review will see a dramatic impact on the conveyancing industry, resulting in further polarisation.

10 Apr 2014

House sales hit six-year high: RICS

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House sales hit six-year high: RICS

The average number of houses sold per chartered surveyor jumped to its highest level in six years during Q1 as increasing numbers of buyers looked to test the housing market right across the country, says the RICS March Residential Market Survey.

10 Apr 2014

CML: Mortgage lending sees slight February dip but strong yearly growth

Mortgages

CML: Mortgage lending sees slight February dip but strong yearly growth

New CML data released today on the profile of UK lending in February 2014, including first-time buyer, home mover, remortgagor and buy-to-let lending, shows a slight dip in Feburary - but a rise compared to February 2013.

10 Apr 2014

H&R launches two sub-2% fixed rates

Mortgages

H&R launches two sub-2% fixed rates

Hinckley & Rugby Building Society, which lends throughout England & Wales, has launched two new fixed rate mortgages. Both are fixed for two years and charge less than two per cent interest.

10 Apr 2014

Freedom Finance hits £2m milestone with Prestige in March

Freedom Finance hits £2m milestone with Prestige in March

Freedom Finance today reveals that it paid out £5 million in second charge loans from Prestige Finance in the first three months of 2014.

10 Apr 2014

 

CML: BTL lending sees 46% year on year increase

CML: BTL lending sees 46% year on year increase

New CML data released today shows gross BTL lending decreased in February to 14,300 compared to 15,700 in January but there was a strong year-on-year increase in volume of 46% compared to February 2013.

10 Apr 2014

CML: FTB lending up 41% on last year

Mortgages

CML: FTB lending up 41% on last year

New CML data released today on the profile of UK lending in February 2014 shows first-time buyers took out 22,200 loans in total in February, a modest rise in volume compared to January but up 41% compared to February 2013.

10 Apr 2014

Government extends pension cooling-off period

Retirement

Government extends pension cooling-off period

People who have recently taken a tax-free lump sum from their defined contribution pension will be given 18 months rather than 6 months to decide what they wish to do with the rest of their retirement savings.

10 Apr 2014

Experienced STL manager joins Shawbrook

Experienced STL manager joins Shawbrook

Shawbrook Bank’s Commercial Mortgages division has brought Andy Thurston on board as a Short Term Lending Manager.

09 Apr 2014

RBS and Norton sign Crown Mortgage Management standby agreement

Latest News

RBS and Norton sign Crown Mortgage Management standby agreement

Crown Mortgage Management has confirmed it has signed a new agreement to provide Royal Bank of Scotland (RBS) and Norton Finance with standby administration services for a growing portfolio of first and second charge mortgages.

09 Apr 2014

Equitable Life Payment Scheme payouts now exceed £900m

Protection

Equitable Life Payment Scheme payouts now exceed £900m

The government’s Equitable Life Payment Scheme (ELPS) has now paid out £901 million.

09 Apr 2014

Marc Harris joins Dragonfly as COO

Latest News

Marc Harris joins Dragonfly as COO

London-based short and medium-term lender, Dragonfly Property Finance, today announced it has hired Marc Harris as its new Chief Operating Officer. Marc will join the existing management team, with the remit of scaling the lender for growth.

09 Apr 2014

British Money makes 'universal cover' product available to all borrowers

Protection

British Money makes 'universal cover' product available to all borrowers

British Money has extended its customer criteria giving free and immediate cover to all borrowers taking out a personal loan or finance agreement as well as those with a new mortgage or re-mortgaging their properties.

09 Apr 2014

Mortgage servicer Pepper maintains all three Fitch ratings

Mortgages

Mortgage servicer Pepper maintains all three Fitch ratings

Pepper, the mortgage servicer formerly known as Oakwood Global Finance, has maintained its Master, Primary and Special Servicer ratings, and remains the only UK servicer to hold ratings in all three available categories.

09 Apr 2014

1 in 7 will retire with no pension

Retirement

1 in 7 will retire with no pension

One in seven (14%) of those planning to retire this year has made no personal pension provision and will be either totally or heavily dependent on the State Pension, according to research by Prudential.

09 Apr 2014

Ezbob launches streamlined 'broker interface' facility

Ezbob launches streamlined 'broker interface' facility

Short term commercial lender, ezbob, has announced the launch of a new broker interface on its website that further streamlines the online process to help intermediaries get the best service from ezbob on behalf of their clients.

09 Apr 2014

Y3S passes £3 million mark with Masthaven Secured

Y3S passes £3 million mark with Masthaven Secured

Masthaven Secured Loans has announced that packager partner, Y3S, has passed the £3 million mark for completions.

09 Apr 2014

FCA appoints external law firm to conduct inquiry

Latest News

FCA appoints external law firm to conduct inquiry

The Financial Conduct Authority today announced they have appointed an external law firm to conduct an inquiry into their recent issues over handling sensitive data.

08 Apr 2014

Half of advisers not ready for end of trail commission

Latest News

Half of advisers not ready for end of trail commission

Research conducted by Panacea Adviser has revealed that less than 50% of financial advisers believe their businesses are ready for the removal of trail commission.

08 Apr 2014

Zurich launches adviser website

Protection

Zurich launches adviser website

Insurer Zurich today launched its new adviser website.

08 Apr 2014

Fall-throughs on home purchases increase 10%

Mortgages

Fall-throughs on home purchases increase 10%

Spring is typically the time that we see a rise in activity in the property market and spring 2014 has been no exception.

08 Apr 2014

The Mansfield cuts its 95% product rate by 0.5%

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The Mansfield cuts its 95% product rate by 0.5%

The Mansfield has relaunched its 95% discounted rate product for clients in Nottinghamshire, Derbyshire and South Yorkshire with a new initial rate of 4.49% and reduced the completion fee from £600 to £300.

08 Apr 2014

LV= joins First Complete panel as full member

Protection

LV= joins First Complete panel as full member

LV= has become a full member of First Complete’s protection panel bringing the number of providers on the panel to nine.

08 Apr 2014

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