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BREAKING NEWS

CML concerned over FPC powers

CML

The Council of Mortgage Lenders has questioned whether the Financial Policy Committee should gain additional powers to enforce housing market tools such as loan to income caps.

Help to Buy transactions hit 71,000

The government’s Help to Buy scheme has assisted 71,000 buyers since it was introduced in April 2013, government statistics have revealed.

Brokers target swift verdict

Brokers applying for development finance value a speedy initial verdict from the lender above all else, research carried out by United Trust Bank has found.

 


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Frank Eve Blog David Gilman Blog Inblognito Tim Wheeldon Hugh Wade Jones David Gilman Kevin Paterson Blog Tony Ward Blog Brian Murphy Blog John Phillips Blog Brian Murphy Christian Faes

Prime sales up 44pc outside London

The number of properties selling for more than £1m outside London have increased by 44% in the first half of 2014 compared to the corresponding period last year, Knight Frank data shows.

Brokers target swift verdict

Brokers applying for development finance value a speedy initial verdict from the lender above all else, research carried out by United Trust Bank has found.

CML concerned over FPC powers

The Council of Mortgage Lenders has questioned whether the Financial Policy Committee should gain additional powers to enforce housing market tools such as loan to income caps.

Help to Buy transactions hit 71,000

The government’s Help to Buy scheme has assisted 71,000 buyers since it was introduced in April 2013, government statistics have revealed.

Housing market cools in October

House prices in England and Wales have risen by just 0.1% month-on-month compared to 7.7% annually to October, figures from the Land Registry show.

Target appoints ex-Lloyds Ian Larkin as CFO

Target Group has made ex-Lloyds commercial finance MD Ian Larkin its chief financial officer and also the director of the group’s regulated companies, subject to FCA approval.

Cross named as new PTFS CEO

Personal Touch Financial Services has appointed former finance and IT director Jane Cross as its new chief executive officer.

Nationwide: London prices up 21pc

London’s house prices rose by 21% year-on-year to stand at £401,072 in Q3 2014, Nationwide’s House Price Index has revealed.

House price growth continues to slow

House price inflation slowed to an 11-month low in November, Nationwide’s latest house price index has revealed.

Beaconsfield has largest market town premium

Beaconsfield in Buckinghamshire is the most expensive market town in the whole of the UK, with prices outstripping others in the county by over £500,000, Lloyds Bank research has revealed.

First-timer buyer market stabilises

The volume of first-time buyer completions fell slightly in October but less than proceeding months, the latest First Time Buyer Opinion Barometer from Your Move and Reeds Rains has revealed.

Virgin Money launches Christmas Cracker draw

Virgin Money will cover one lucky mortgage customer’s payments for a year with its ‘Christmas Cracker’ prize draw.

H2B1 buyers miles off Lloyds lending limits

The typical Help to Buy 1 borrower barely touches the surface when it comes to matching Lloyds Banking Group’s upper lending limits put in place this week, analysis from the Mortgage Advice Bureau shows.

Aldermore is third highest FLS participant

Aldermore has placed third in a list of participants in the Funding for Lending Scheme, Bank of England figures have revealed.

ARLA: Get ready for the Immigration Act

The Association of Residential Lettings Agents is urging agents to read up on the Immigration Act 2014, which will have a trial run in the West Midlands from next Monday.

Friends Life integrates family carer benefit

Friends Life has become the first ever insurance provider to integrate family carer benefit into its income protection proposition.

Small businesses blast Funding for Lending

The government’s Funding for Lending scheme does not work according to 86% of small businesses who use Funding Circle, its research revealed.

Santander unveils lowest remortgage 2-year fix

Santander is launching its lowest ever 2-year fixed rate remortgage product at 1.84% to 60% loan to value with a £995 fee.

Santander unveils lowest remortgage 2-year fix

Santander is launching its lowest ever 2-year fixed rate remortgage product at 1.84% to 60% loan to value with a £995 fee.

Brokers: lenders should explain regulation

Two thirds (66.4%) of brokers think lenders should take the burden of responsibility to explain Financial Conduct Authority regulation, Shawbrook’s Q3 Broker Barometer has revealed.

Advisers predict protection surge

Advisers expect demand for protection to increase over the next twelve months, research by IRESS has found.

Housing supply and demand levelling off

The balance between homes for sale and the number of potential buyers in the market are beginning to level off, the latest NAEA October Housing Market Report has revealed.

Bridging needs transparency

Offering clients the lowest headline rate available in the bridging market might not be enough to satisfy the regulators desire for more transparency, Beverley Loggia, director of Oliver Rae Associates has warned.

Unusual Risks launches large mortgage advice service

Unusual Risks has launched an advice service called Unusual Mortgages for consumers looking for large mortgage funding.

FEATURED ARTICLES

Buying business premises

Did your business begin at the kitchen table? Have you outgrown the spare room or shared office space?

Help! Get these hazards out of my home

Does your toaster fail to pop up? Do you have a kettle that won't boil? Or does your vacuum leave more dust than it picks up?


Buy-To-Let

Bob Young

TMW adapts buy-to-let range

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From today all existing 60% loan to value products from The Mortgage Works will be made available to customers up to 65% LTV.

Fleet warns against so-called B2L innovation

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Fleet Mortgages chief executive Bob Young warned AGAINST so-called innovation in the buy-to-let sector yesterday, writes Ryan Bembridge.

Commercial Trust promotes Cunningham to CEO

Commercial Trust has made its previous director of operations Stuart Cunningham its new chief executive.

Landlords are not well liked

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A panel of buy-to-let heavyweights at The Buy to Let Event yesterday concluded that hating landlords has become a popular pastime.


Bridging and Commercial

Bridging needs transparency

Offering clients the lowest headline rate available in the bridging market might not be enough to satisfy the regulators desire for more transparency, Beverley Loggia, director of Oliver Rae Associates has warned.

Henry Moser eyes £500m sale

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Jerrold Holdings chief executive Henry Moser is weighing up selling his share in firm which is valued at over £500m, Sky News reported this morning.

Brokers demand bridging transparency

FCA logo

Offering clients the lowest headline rate available in the bridging market might not be enough to satisfy the regulators desire for more transparency, Beverley Loggia, director of Oliver Rae Associates has warned.

66pc of brokers expect bridging to expand

Two thirds (66%) of brokers expect the bridging and short-term secured finance market to expand over the next three years, a United Trust Bank survey has revealed.


Equity Release

Tim Wheeldon Blog

PFS 2014: Advisers urged to offer equity release

Advisers have been told that offering equity release is a no brainer by a panel of industry leaders at the Personal Finance Society National Conference.

Key Retirement rebrands

Key Retirement Solutions is rebranding as Key Retirement with two distribution divisions focusing on retirement lending and wealth and retirement options.

StepChange links up with Magellan

StepChange Financial Solutions has been appointed by Magellan Homeloans to advise clients about its specialist range of credit repair mortgages.

Bower Retirement Services to double adviser numbers

Business is booming at Bower

National equity release adviser firm Bower Retirement Services is looking to boost its face to face adviser team and support staff and double the number of its advisers to 48.


Protection

Geoff Hall Mark Jones

Advisers predict protection surge

Advisers expect demand for protection to increase over the next twelve months, research by IRESS has found.

SPECIAL FEATURE: Household premiums drop

Kevin Paterson, MD at Source Insurance, looks at the factors driving the cost of household cover down

Critical illness pioneer Marius Barnard dies

Doctor Marius Barnard, the inventor of critical illness insurance, died this morning.

Seven Families Campaign goes live

The Seven Families Campaign, a charity-led campaign to raise public awareness of the financial impact of long term illness or disability, has launched today.


Industry

Christian Faes Blog

Buying business premises

Someone working on a laptop

Did your business begin at the kitchen table? Have you outgrown the spare room or shared office space?

Nationwide: London prices up 21pc

London’s house prices rose by 21% year-on-year to stand at £401,072 in Q3 2014, Nationwide’s House Price Index has revealed.

Help! Get these hazards out of my home

Does your toaster fail to pop up? Do you have a kettle that won't boil? Or does your vacuum leave more dust than it picks up?

Virgin Money launches Christmas Cracker draw

Virgin Money will cover one lucky mortgage customer’s payments for a year with its ‘Christmas Cracker’ prize draw.