Latest News

Source Insurance appointed as preferred GI for Ingard network

Protection

Source Insurance appointed as preferred GI for Ingard network

Source Insurance announced this week that they have been appointed as a preferred supplier to the Ingard network for General Insurance.

22 May 2013

Increasing availability pushes up number of mortgage transactions

Mortgages

Increasing availability pushes up number of mortgage transactions

According to recent figures, the number of UK transactions in April rose 12% annually and by 4% since March, reportedly due to increased access to funding for buyers.

21 May 2013

73% of brokers say they would recommend 'versatile' bridging finance

73% of brokers say they would recommend 'versatile' bridging finance

United Trust Bank’s broker survey has revealed that 9 out of 10 (91%) bridging finance brokers believe that awareness of the versatility of bridging finance as a short term option has increased over the last 12 months.

21 May 2013

IBB lowers Sharia-compliant HPP rate to 3.99%

Mortgages

IBB lowers Sharia-compliant HPP rate to 3.99%

Islamic Bank of Britain, the UK’s only wholly Sharia compliant retail bank, has lowered the rates for its Sharia compliant Home Purchase Plans by launching a new discounted variable product available with a rental rate of 3.99%.

21 May 2013

House prices remain stable, says ONS survey

Legal

House prices remain stable, says ONS survey

According to the latest House Price Index from the Office for National Statistics, UK house prices increased by 2.7% in the 12 months to March 2013 up from a 1.9% increase in the 12 months to February 2013.

21 May 2013

CML: Gross mortgage lending up 4% in April

Mortgages

CML: Gross mortgage lending up 4% in April

The Council of Mortgage Lenders estimates that total gross mortgage lending increased by 4% on March to £12.1 billion in April, but cautions that meaningful comparisons with last April are difficult.

21 May 2013

L&G exclusively launches NatWest's 2-year fixes from 1.74%

Mortgages

L&G exclusively launches NatWest's 2-year fixes from 1.74%

Legal & General Mortgage Club is pleased to announce that tomorrow it will launch a range of exclusive two-year fixed-rate mortgages from NatWest, available through Legal & General ARs and Nouveau firms.

21 May 2013

MAB: Mortgage applications rocket as rates fall

Mortgages

MAB: Mortgage applications rocket as rates fall

Total mortgage applications for April 2013 were up by more than 50% year-on-year, fuelled by a monthly spike of 10% according to the National Mortgage Index from Mortgage Advice Bureau.

20 May 2013

National house prices approach £250k - with London prices over double

Legal

National house prices approach £250k - with London prices over double

According to Rightmove's latest house price index, records are tumbling this month, with property coming to market setting a new record national average asking price.

20 May 2013

Accord enhances two- and five-year fixed 80% mortgages

Mortgages

Accord enhances two- and five-year fixed 80% mortgages

Accord Mortgages has enhanced its range of 80% loan to value mortgages by launching four new residential products.

20 May 2013

 

Precise Mortgages adds two firms to conveyancing panel

Legal

Precise Mortgages adds two firms to conveyancing panel

Precise Mortgages, the intermediary only lender, has added two more firms to its Conveyancing Panel as a result of increasing business levels.

20 May 2013

Karen Bennett, Sales & Marketing Director (Commercial Mortgages) at Shawbrook

In The Spotlight

Karen Bennett, Sales & Marketing Director (Commercial Mortgages) at Shawbrook

Financial Reporter had a catch-up with one of our regular bloggers, Karen Bennett, Sales & Marketing Director (Commercial Mortgages) at Shawbrook, about commercial lending, social media and more.

17 May 2013

Homeowner perception of home value rises in May

Legal

Homeowner perception of home value rises in May

Households perceived that the value of their homes rose in May, for the second consecutive month, according to the latest House Price Sentiment Index from Knight Frank and Markit.

17 May 2013

Hinckley & Rugby cuts rates on its fee-free mortgage

Mortgages

Hinckley & Rugby cuts rates on its fee-free mortgage

Hinckley & Rugby Building Society has cut the interest rate on its fee-free lifetime discount mortgage from 3.49 per cent to 3.19 per cent. The overall cost for comparison is 3.30% APR.

17 May 2013

SearchFlow announce new CPD seminar dates

Legal

SearchFlow announce new CPD seminar dates

SearchFlow, the electronic conveyancing search provider, has announced the next twenty dates of its 2013 programme of CPD seminars.

17 May 2013

Loan books unwind - but property debt increasingly polarised

Latest News

Loan books unwind - but property debt increasingly polarised

Debt held against UK commercial property stood at £197.9bn at the end of 2012, a year-on-year fall of 7.7 per cent, but also revealed continued falls in the value of the worst performing assets.

17 May 2013

Secured lending breaks £40m barrier for first time in three years

Secured lending breaks £40m barrier for first time in three years

The latest Secured Loans Index from Loans Warehouse has shown that secured lending has this month broken the £40,000,000 barrier for the first time in over 3 years.

17 May 2013

Abbey for Intermediaries launch 7-day mortgage deal at 1.94%

Mortgages

Abbey for Intermediaries launch 7-day mortgage deal at 1.94%

Abbey for Intermediaries will tomorrow launch a seven day spring special, available exclusively through all Key Accounts.

16 May 2013

The Mortgage Works revamps buy-to-let - deals from 2.99%

Mortgages

The Mortgage Works revamps buy-to-let - deals from 2.99%

The Mortgage Works is helping first time landlords gain access to a wider range of competitive buy-to-let deals.

16 May 2013

Sellers feel less pressure to reduce prices as market confidence grows

Legal

Sellers feel less pressure to reduce prices as market confidence grows

Research from Zoopla.co.uk reveals that the number of properties currently for sale that have been reduced in price since first coming onto the market has fallen to its lowest level in almost three years.

16 May 2013

Bridgewater survey reveals customers still misunderstand equity release

Retirement

Bridgewater survey reveals customers still misunderstand equity release

Advisers active in the equity release sector are still having to work hard to allay a significant number of misconceptions held by clients about the products when they offer their advice and recommendations.

16 May 2013

Remortgagers take advantage of falling rates

Mortgages

Remortgagers take advantage of falling rates

Two thirds (66%) of homeowners remortgaging an existing property in April did so to take advantage of lower mortgage rates, according to research from LMS.

16 May 2013

Five-year fixes - the right choice for buyers?

Mortgages

Five-year fixes - the right choice for buyers?

According to the Guardian, the number of new five-year fixed rate mortgages leapt 73% last year. With lenders offering ever-lower interest rates on five- or even ten-year fixed mortgages, long-term borrowing at fixed rates is in vogue.

15 May 2013

UK’s appetite for owning overseas property returns with a vengeance

Blogs

UK’s appetite for owning overseas property returns with a vengeance

It appears that the Brits’ love affair with overseas property is alive and well. Rightmove Overseas reported record traffic in March, with 5.4 million searches performed on its website.

15 May 2013

Much ado about nothing

Much ado about nothing

The dust has settled on the Queen’s Speech. Now that the ceremonial robes have been returned to the back of the wardrobe, what do we have to show for the state opening of parliament?

15 May 2013

Consumer confidence in equity release up 23%

Retirement

Consumer confidence in equity release up 23%

The number of UK adults who would consider equity release has risen by 23% over the past year according to research from the Equity Release Solicitors’ Alliance.

15 May 2013

Partnership lifetime mortgages now available from PMS Mortgage Club

Retirement

Partnership lifetime mortgages now available from PMS Mortgage Club

PMS Mortgage Club has today announced the addition of Partnership to its extensive lender panel.

15 May 2013

Paradigm mortgage event heads to Birmingham

Mortgages

Paradigm mortgage event heads to Birmingham

The third mortgage round table event to be held in 2013 by Paradigm Mortgage Services, the mortgage services proposition, will take place next month in Birmingham.

15 May 2013

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