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Housing equity withdrawal down £8.6bn in Q4

Retirement

Housing equity withdrawal down £8.6bn in Q4

According the latest data from the Bank of England, housing equity withdrawal has declined with the Bank's measure of HEW in Q4 of last year at -£8.6bn.

03 Apr 2013

Mortgage payments drop by 21% in 5 years

Mortgages

Mortgage payments drop by 21% in 5 years

The average annual mortgage payment has fallen by £950 (21%) over the past five years from £4,521 in 2008 to £3,571 in 2013, according to the latest research from Halifax.

03 Apr 2013

BoE figures show mortgage approvals down

Mortgages

BoE figures show mortgage approvals down

The latest figures from the Bank of England show that 51,653 mortgages were approved during February, down from 54,187 the month before.

02 Apr 2013

Tesco Bank launches new rates from 1.99%

Mortgages

Tesco Bank launches new rates from 1.99%

Tesco Bank has today announced competitive new mortgage rates across its range of mortgage products.

02 Apr 2013

Castle Trust HouSAs approved by Nucleus

Savings & Investments

Castle Trust HouSAs approved by Nucleus

Castle Trust’s innovative HouSAs have been approved for inclusion on wrap platform Nucleus in a major expansion of its distribution capability.

02 Apr 2013

Mortgage lending by mutuals grows further in February

Mortgage lending by mutuals grows further in February

Gross mortgage lending by building societies and other mutual lenders was £2.5 billion in February, up by 29% compared to the same month last year.

02 Apr 2013

The Source unveils Home Buyers' Protection product

Protection

The Source unveils Home Buyers' Protection product

Nearly a third of all house sales fell through in 2012, according to House Buyer Bureau.

02 Apr 2013

NatWest makes exclusives available to Pink and First Complete

Mortgages

NatWest makes exclusives available to Pink and First Complete

NatWest Intermediary Solutions has made a range of competitive exclusives available to the Appointed Representatives of First Complete and Pink.

02 Apr 2013

TBMC launches BTL exclusive with Mortgage Trust at 4.75%

Mortgages

TBMC launches BTL exclusive with Mortgage Trust at 4.75%

TBMC, the buy-to-let and commercial mortgage specialist, has launched a new exclusive buy-to-let mortgage from Mortgage Trust.

02 Apr 2013

Scottish homeowners consider remortgaging for £135 a month

Mortgages

Scottish homeowners consider remortgaging for £135 a month

While recent data suggests that homeowners have been choosing to remain on their existing mortgage deals while interest rates are low, the latest research from Bank of Scotland indicates otherwise.

02 Apr 2013

 

Peter Brodnicki, chief executive at Mortgage Advice Bureau

In The Spotlight

Peter Brodnicki, chief executive at Mortgage Advice Bureau

Financial Reporter had a chat with Peter Brodnicki, chief executive at Mortgage Advice Bureau about the future of the UK housing market and what the MAB have been up to...

29 Mar 2013

Paymentshield Appoint ULR as underwriter for Legal Expenses cover

Protection

Paymentshield Appoint ULR as underwriter for Legal Expenses cover

Paymentshield have announced that from the 2nd of April, ULR Additions will take over as underwriter of Paymentshield’s Legal Expenses Cover.

28 Mar 2013

Chelsea cuts rates by up to 0.30%

Mortgages

Chelsea cuts rates by up to 0.30%

Chelsea Building Society is boosting the competition in the mortgage market by cutting rates on selected products across its mortgage range, with the largest reductions on first time buyer mortgages.

28 Mar 2013

FTBs would need to save for 13yrs for average deposit, says Scottish Widows data

Mortgages

FTBs would need to save for 13yrs for average deposit, says Scottish Widows data

The property market is becoming out of reach for many renters according to new research from Scottish Widows.

28 Mar 2013

Property sale rise indicates greater market confidence

Mortgages

Property sale rise indicates greater market confidence

The number of house sales in the UK increased slightly during February showing that serious house hunters remain active in the property market, according to estate agents.

28 Mar 2013

Positive Lending offer bridging at 4.5% over BBR

Positive Lending offer bridging at 4.5% over BBR

Specialist lending packager and distributor Positive Lending has been selected to distribute a prime short-term lending product priced at 4.5% over BBR with a 1.50% facility fee and no exit fee.

27 Mar 2013

The Mortgage Alliance adds Precise to its lending panel

Mortgages

The Mortgage Alliance adds Precise to its lending panel

The Mortgage Alliance today announces the addition of Precise Mortgages to its lender panel. Precise Mortgages’ products are available exclusively through the intermediary market.

27 Mar 2013

Genworth Mortgage Insurance helps mutual bring fight to big banks

Protection

Genworth Mortgage Insurance helps mutual bring fight to big banks

Genworth, the global mortgage insurer, has today revealed that its mortgage insurance product is helping mutuals to up their mortgage lending.

27 Mar 2013

Pink enhances equity release support for ARs

Retirement

Pink enhances equity release support for ARs

Pink has enhanced its support programme for equity release authorised ARs as part of its focus on expert training and development.

26 Mar 2013

Clydesdale and Yorkshire Banks cut two- and five-year fixed rates

Mortgages

Clydesdale and Yorkshire Banks cut two- and five-year fixed rates

Mortgage hunters have been given a boost today as Clydesdale and Yorkshire Banks announced new low two and five year fixed rates.

26 Mar 2013

Two out of five advisers focus on charges

Savings & Investments

Two out of five advisers focus on charges

More than two out of five (44%) of financial advisers focus on low charges when recommending investment products to clients, research by housing investment and shared equity mortgage provider Castle Trust shows.

26 Mar 2013

Help to Buy fails to support landlords, says Landlord Assist

Mortgages

Help to Buy fails to support landlords, says Landlord Assist

Tenant referencing and eviction firm Landlord Assist says the Government missed an opportunity to stimulate investment in the BTL sector in the Budget by not including property investors in plans unveiled to assist people purchasing new properties.

25 Mar 2013

Welsh Government announces launch date for NewBuy Cymru

Mortgages

Welsh Government announces launch date for NewBuy Cymru

Minister for Housing and Regeneration, Carl Sargeant, has announced that the Welsh Government’s flagship mortgage guarantee scheme will be launched on 3 June.

25 Mar 2013

Mortgage approvals down in February

Mortgages

Mortgage approvals down in February

The latest data from the British Bankers' Association showed that February's gross mortgage borrowing of £7.8bn was above the recently monthly average.

25 Mar 2013

L&G pays out record number of claims in 2012

Protection

L&G pays out record number of claims in 2012

Legal & General Retail Protection has paid more claims than ever before, a total of £483 milllion combined death and critical illness claims in 2012, up from £441 million in 2011 and over £1.2 billion paid out since 2009.

25 Mar 2013

Tenet extends permanent solution to PII run-off dilemma

Mortgages

Tenet extends permanent solution to PII run-off dilemma

In what is believed to be the first commercially-available product of its kind, Tenet announced the launch of a permanent PII run-off cover policy during 2012 in the run up to RDR to support advisers leaving the industry or selling their practice.

25 Mar 2013

More than a million over-55s still paying mortgages

Mortgages

More than a million over-55s still paying mortgages

More than 1.3 million over-55s households are still paying mortgages with 289,000 over-65s owing money on their home loan, according to analysis by innovative equity release lender More 2 Life.

25 Mar 2013

Brightstar's Rob Collins urges brokers to reconsider commercial mortgages

Brightstar's Rob Collins urges brokers to reconsider commercial mortgages

Brightstar Financial’s commercial mortgage specialist, Rob Collins, is urging brokers to reconsider turning away commercial mortgage enquiries, in the wake of a telephone poll carried out among brokers.

25 Mar 2013

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