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Coventry announces new BTL stress rates

Just in
Coventry announces new BTL stress rates

From 15 December, Coventry for intermediaries is increasing its buy-to-let reference rate to 5.5% on loans with benefit periods of less than 5 years, in line with the PRA’s underwriting standards.

05 Dec 2016

Chelsea BS launches record low four-year fix

Chelsea BS launches record low four-year fix

Chelsea Building Society has launched a four-year fixed rate mortgage at 1.83% which it says is currently the lowest on the market.

05 Dec 2016

Computershare launches online mortgage platform

Computershare launches online mortgage platform

Computershare has launched a “futureproofed” online mortgage customer service platform to allow borrowers to access and alter their information as well as make payments towards their mortgage online.

05 Dec 2016

Halifax to continue 95% lending after Help to Buy

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Halifax to continue 95% lending after Help to Buy

Halifax Intermediaries today announced plans to continue supporting mortgage borrowers beyond the end date of the government’s Help to Buy: mortgage guarantee scheme on 31st December 2016.

02 Dec 2016

National Counties rebrands as Family Building Society

National Counties rebrands as Family Building Society

National Counties and Family Building Society haved announced that with immediate effect all mortgage products for new customers will be available under the Family Building Society brand.

02 Dec 2016

Skipton awarded Internal Ratings Based status

Skipton awarded Internal Ratings Based status

Skipton has been awarded Internal Ratings Based status.

02 Dec 2016

Mortgage and pension advisers face increased FSCS levy

Mortgage and pension advisers face increased FSCS levy

The Financial Services Compensation Scheme is considering raising a supplementary levy for mortgage and pension advisers after seeing increased claims.

01 Dec 2016

AMI urges FCA to address growing product transfer market

AMI urges FCA to address growing product transfer market

The Association of Mortgage Intermediaries has raised concerns about the increase in lenders encouraging straight product transfers at the point of remortgage.

30 Nov 2016

Barclays cuts fixed rates by up to 0.50%

Barclays cuts fixed rates by up to 0.50%

Barclays has cut its fixed rate mortgage by up to 0.50% as well as introducing new products with rates from 1.95%.

30 Nov 2016

Economic uncertainty could spark rising mortgage rates: AMI

Economic uncertainty could spark rising mortgage rates: AMI

Mortgage rates may start to rise irrespective of ongoing loose monetary policy, as global political and economic uncertainty puts pressure on long-term interest rates, according to the latest Quarterly Economic Bulletin from the Association of Mortgage Intermediaries.

30 Nov 2016

 

PRA introduces rolling LTI flow limit for mortgage lenders

PRA introduces rolling LTI flow limit for mortgage lenders

The Prudential Regulation Authority is amending the rules on loan-to-income ratios in mortgage lending to allow firms to accommodate fluctuations and peaks in demand for high LTI mortgages.

30 Nov 2016

Remortgage lending soars 23% to hit eight-year high

Remortgage lending soars 23% to hit eight-year high

Remortgaging bounced back "in spectacular style" from September’s post-Brexit low, according to LMS data.

30 Nov 2016

Accord removes BTL application fees

Accord removes BTL application fees

Accord has scrapped application processing fees on all buy-to-let mortgage applications.

30 Nov 2016

TBMC adds Kensington to panel

TBMC adds Kensington to panel

TBMC has appointed Kensington to its lending panel and will offer all of Kensington’s core range of buy-to-let products, in addition to its newly launched HMO and multi-units proposition.

30 Nov 2016

Approvals show "no signs of falling further": e.surv

Approvals show "no signs of falling further": e.surv

The number of approvals was largely flat between September and October – dropping by 0.7% month-on-month – according to the latest e.surv data.

30 Nov 2016

Product transfer borrowers face personal liability risk, warns TMA

Product transfer borrowers face personal liability risk, warns TMA

The unreported product transfer market is a "ticking time bomb" for mortgage holders, warns TMA mortgage club, as millions of borrowers are at risk of waiving their right to full personal liability protection if they switch through a product transfer.

30 Nov 2016

Fee-free mortgages double in 2016

Fee-free mortgages double in 2016

The number of fee-free deals available to those looking for a fixed-rate mortgage has more than doubled over the past year, according to Moneyfacts data.

29 Nov 2016

Mortgage approvals rebound to seven-month high: BoE

Mortgage approvals rebound to seven-month high: BoE

Mortgage approvals rose from 62,932 in September to 67,518 in October, according to the latest Bank of England Money and Credit figures.

29 Nov 2016

The Mortgage Lender adds two distributors to panel

The Mortgage Lender adds two distributors to panel

The Mortgage Lender has added two further distributors to its panel - The Lending Channel and The Right Mortgage Network, increasing its total distribution panel to more than 30.

28 Nov 2016

First-time buyer sales hit record high: NAEA

First-time buyer sales hit record high: NAEA

32% of total sales made were to first-time buyers in October – a 9% rise from September and the highest number since National Association of Estate Agents records began 16 years ago in 2000.

28 Nov 2016

Vida Homeloans partners with e.surv

Vida Homeloans partners with e.surv

e.surv has partnered with Vida Homeloans to become the new mortgage lender's lead valuer and panel manager.

28 Nov 2016

The twofold problem for first-time buyers

The twofold problem for first-time buyers

The question of how we solve the home ownership ‘crisis’ in this country has generated significant thought and thousands of column inches over the years, and yet we are still at a point where a report into the decline of home ownership is a) still necessary and b) garners plenty of media and industry reaction.

25 Nov 2016

Let’s raise the bar for the lifetime mortgages sector

Let’s raise the bar for the lifetime mortgages sector

November sees the Equity Release Council celebrate its 25th anniversary. It has bought about high standards and professionalism to the lifetime mortgages sector whilst helping to grow the sector. As we look to the future with aims to triple market share, the question to be asked going forwards is ‘how do we take these standards to the next level?’

25 Nov 2016

Borrowers expect Brexit to spark better mortgage deals

Borrowers expect Brexit to spark better mortgage deals

Almost half (43%) of borrowers believe that market uncertainty following the UK's decision to leave the European Union will enable them to negotiate a better mortgage deal, according to Freedom Finance research.

25 Nov 2016

Buy-to-let rates see quarterly fall of up to 4%

Buy-to-let rates see quarterly fall of up to 4%

The cost of most mainstream buy-to-let mortgages have seen further reductions over the past three months.

24 Nov 2016

Mortgage approvals drop 10% in October: BBA

Mortgage approvals drop 10% in October: BBA

October house purchase approvals were 10% lower than in October 2015 and in the first ten months of 2016 were 4% lower than in the same period of 2015, according to the latest BBA high street banking statistics.

24 Nov 2016

FTB lending at nine-year high in Scotland and Wales: CML

FTB lending at nine-year high in Scotland and Wales: CML

Homebuyer numbers saw strong quarterly increases across the UK in Q3, driven by lending to first-time buyers, according to the latest CML figures.

23 Nov 2016

Base rate cut prompts just 6% of borrowers to switch

Base rate cut prompts just 6% of borrowers to switch

Just 28% of British mortgage borrowers have ever switched provider in search of a better deal, according to research from online mortgage broker Trussle.

23 Nov 2016

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