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Openwork launches guide to mortgage fraud prevention

Mortgages

Openwork launches guide to mortgage fraud prevention

Openwork has launched a comprehensive guide to mortgage fraud prevention, explaining how advisers can identify and tackle this growing problem for the mortgage market.

04 Jun 2013

Barclays cuts rates to offer its lowest ever 10-year fix

Mortgages

Barclays cuts rates to offer its lowest ever 10-year fix

Barclays is tomorrow cutting rates across its residential mortgage range by up to 1.10 percentage points, including the lowest 10 year fixed rate the bank has ever offered, in a bid to give borrowers access to even better deals.

03 Jun 2013

Bridging business written up 1.4% on last quarter, reveal ASTL figures

Bridging business written up 1.4% on last quarter, reveal ASTL figures

The ASTL, the trade body for short term lenders, has revealed the bridging and short term lending figures for the quarter ended 31 March 2013.

03 Jun 2013

Colonial completes several large secured loans

Colonial completes several large secured loans

Colonial Secured Loans has today announced it is 'delighted' to confirm it has completed Shawbrook Bank's largest ever secured loan, at £500,000.

03 Jun 2013

Chelsea BS maintains 'best buy' reputation with cuts to two fixed rates

Mortgages

Chelsea BS maintains 'best buy' reputation with cuts to two fixed rates

Chelsea Building Society is maintaining its reputation for best buy mortgages with rate cuts to two of its most competitive deals.

03 Jun 2013

Brokers find placing development finance cases increasingly easier

Brokers find placing development finance cases increasingly easier

41 per cent of brokers operating in the development finance sector believe that it has become easier to place development finance cases over the last year.

03 Jun 2013

Bright Grey enhances business protection proposition

Protection

Bright Grey enhances business protection proposition

Bright Grey today announced that it has launched its Relevant Life Plan as a separate product.

03 Jun 2013

UK retirement savings hit all-time low

Retirement

UK retirement savings hit all-time low

Fewer than half (45%) of those who could and should be preparing financially for their old age are currently saving enough, according to the ninth annual Scottish Widows Pensions Report.

03 Jun 2013

Number of discounted prime properties lowest in three years

Mortgages

Number of discounted prime properties lowest in three years

The number of prime properties on the market that have seen a reduction in their asking price has fallen to its lowest level in three years, according to research from property website PrimeLocation.com.

03 Jun 2013

Funding for Lending fails to increase lending

Funding for Lending fails to increase lending

​The Bank of England has today published updated data on the use of the Funding for Lending Scheme for the first quarter of 2013.

03 Jun 2013

 

Omni Capital expands into retail finance

Omni Capital expands into retail finance

One of the best-known brands in UK bridging and short-term lending is expanding into the booming retail finance sector following a strategic acquisition by its parent business.

03 Jun 2013

Bob Young, Managing Director of CHL Mortgages

In The Spotlight

Bob Young, Managing Director of CHL Mortgages

Financial Reporter had a chat with Bob Young, Managing Director of CHL Mortgages about buy-to-let and starting out in the industry.

31 May 2013

Leeds slashes rates across 2-, 3- and 5-year fixes

Mortgages

Leeds slashes rates across 2-, 3- and 5-year fixes

Leeds Building Society’s 2 year fixed rate mortgage is highly competitive at 2.09% between 60% and 65% LTV and at 2.34% from 66% to 75% LTV.

31 May 2013

BoE data shows mortgage lending is on the rise

Mortgages

BoE data shows mortgage lending is on the rise

According to the latest 'Money and Credit' statistical release from the Bank of England, mortgage lending increased by £0.9bn in April, compared to the average monthly increase of £0.6 billion over the previous six months.

31 May 2013

LV= makes CI cover 'one of the most comprehensive in the market'

Protection

LV= makes CI cover 'one of the most comprehensive in the market'

Protection specialist LV= has enhanced its critical illness (CI) cover to make it one of the most comprehensive plans in the market.

31 May 2013

Virgin makes changes across residential & BTL mortgages

Mortgages

Virgin makes changes across residential & BTL mortgages

Virgin Money has announced a number of changes across its Residential and Buy-to-let mortgage range. The updated range will be available from today.

31 May 2013

Mortgage lending by mutuals continues to rise in April

Mortgages

Mortgage lending by mutuals continues to rise in April

Gross mortgage lending by building societies and other mutual lenders was £3.2 billion in April, up by 55 per cent compared to £2.1 billion in the same month last year.

31 May 2013

HSBC launches 2.49% fee-free lifetime tracker

Mortgages

HSBC launches 2.49% fee-free lifetime tracker

HSBC today launches a new tracker mortgage rate in response to demand from customers with more than 50% equity in their homes.

31 May 2013

Land Registry: house prices up 0.4% since March

Legal

Land Registry: house prices up 0.4% since March

The latest Market Trend Data from the Land Registry was released today, showing that April house prices were 0.4% higher than those of March, with the average house in England and Wales now £161,458.

30 May 2013

Conveyancing specialist expand team

Legal

Conveyancing specialist expand team

Residential conveyancing legal specialists Convey Law continue to expand their conveyancing team, despite the poor economic climate.

30 May 2013

Leeds cut BTL rates by up to 0.70%

Mortgages

Leeds cut BTL rates by up to 0.70%

Responding to continued demand for buy to let lending, Leeds Building Society has announced reductions in the headline rate on a number of competitive landlord mortgages.

30 May 2013

Modest pick up in UK house prices, says Nationwide

Legal

Modest pick up in UK house prices, says Nationwide

According to the latest Nationwide House Price Index, the price of a typical home increased by 0.4% in May and was 1.1% higher than in May 2012.

30 May 2013

Ocean Finance urges homeowners to consider fee-free deals

Mortgages

Ocean Finance urges homeowners to consider fee-free deals

Homeowners looking for a remortgage should be careful about deals with a low interest rate but an expensive arrangement fee, warns Ocean Finance.

30 May 2013

Tesco Bank launches three new fixed rate mortgages

Mortgages

Tesco Bank launches three new fixed rate mortgages

Tesco Bank has today announced three new fixed rate mortgage products over two, three and five years at 60% LTV which offer competitive rates and fees.

30 May 2013

Retirees will need over £600k pension for comfortable retirement

Retirement

Retirees will need over £600k pension for comfortable retirement

British adults have said that the average amount needed to maintain a comfortable standard of living during their retirement is £25,783.87 per year net of taxes, according to a new survey from Towry, the wealth adviser.

30 May 2013

Scottish Life supports advisers' transition to fee-based model

Retirement

Scottish Life supports advisers' transition to fee-based model

Scottish Life, the pensions specialist arm of the Royal London Group, has announced that it will continue to offer a Consultancy Charging option for qualifying schemes which are in the pre-Automatic Enrolment phase.

29 May 2013

Hope Capital celebrates bumper month due to extension to 1.5% Proc Fee

Hope Capital celebrates bumper month due to extension to 1.5% Proc Fee

Hope Capital, the entrepreneurial short term property bridging finance company, has enjoyed its most successful month to date, completing its largest bridging deal and seeing deal flow increase eightfold.

29 May 2013

Fincorp backs bridging veteran’s new lending venture

Fincorp backs bridging veteran’s new lending venture

Fincorp has agreed to provide funding to bridging veteran Martyn Smith’s new bridging lender Bath & West, operating in the South West of England.

29 May 2013

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