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ABC does £10m in four weeks

ABC does £10m in four weeks

Alternative Bridging completed loans totalling more than £10m between July and the beginning of August, the lender has revealed.

Prices continue to edge up in August

Prices continue to edge up in August

UK house prices increased by 0.8% in August with the average price of a property now standing at £189,306, the latest House Price Index from Nationwide has revealed.

BSA issues LTI warning

BSA issues LTI warning

First-time buyers in London and the South East could be seriously affected by the Financial Policy Committee's recommendations to bring in a loan to income cap on residential mortgages, the Building Societies Association has warned.

 


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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

ABC does £10m in four weeks

Alternative Bridging completed loans totalling more than £10m between July and the beginning of August, the lender has revealed.

BSA issues LTI warning

First-time buyers in London and the South East could be seriously affected by the Financial Policy Committee's recommendations to bring in a loan to income cap on residential mortgages, the Building Societies Association has warned.

Prices continue to edge up in August

UK house prices increased by 0.8% in August with the average price of a property now standing at £189,306, the latest House Price Index from Nationwide has revealed.

Only 24pc of parents have protection

Only a quarter (24%) of adults in the UK with children under 16 have any form of financial protection, the latest Scottish Widows Protection Report has shown.

Land Registry: Prices up 1.7pc in July

House prices in England and Wales increased by 1.7% in July, the latest figures from the Land Registry have revealed.

Accord slashes rates

Accord Buy-to-Let has reduced the rates on part of its 65% loan to value range by 0.25%.

TSB offer to pay borrowers Council Tax

TSB is offering to pay new mortgage customers Council Tax for a year after research revealed that it is the biggest monthly expenditure for more than half of people.

Bridging lending almost doubles in a year

The value of new bridging loans written in the second quarter of 2014 almost doubled on a year-on-year basis, the ASTL has revealed.

Record start to H2 for seconds

July saw a post credit crunch high in secured lending volumes with an increase of 22% when compared to the same period last year, the latest Secured Loan Index from Loans Warehouse has shown.

Supply and demand gap narrows

House prices have risen by just 0.1% for the second month in a row as the gap between supply and demand narrows rapidly, the latest National Housing Survey from Hometrack has revealed.

Central London prices top the charts

The total value of residential property in eastern boroughs of Central London has grown faster than any other area of the capital, research from specialist London estate agents Stirling Ackroyd has found.

Target bluechip and Chaseblue link up

The loan and mortgage broker software provider Target bluechip has won a contract to supply its broker management system to Chaseblue Loans.

BoE: FLS lending falls

Net lending to small businesses by banks and building societies using the Funding for Lending Scheme fell by £400m during the second quarter of 2014, Bank of England figures have revealed.

Housing costs leave families on ‘financial knife-edge’

Three million working parents in England (37%) are cutting back on buying food in a bid to help pay their rent or mortgage, new research from Shelter has revealed.

Parents pay £483,000 more to live near top school

Parents in the postal district of the Beaconsfield High School in Buckinghamshire face paying a premium of £483,031 (154%) compared to the average house price in neighbouring areas, research from Lloyds Bank has revealed.

Fake broker faces jail

A Liverpool based con-artist who fleeced a potential property buyer out of almost £25,000 whilst impersonating a mortgage broker is facing a prison sentence.

Bank offers free cat with mortgage

Sberbank, one of Russia’s largest banks, is offering mortgage customers a free cat when they complete their purchase.

Tracker sales continue to fall

The number of tracker products being processed by intermediaries dropped by 4% during the second quarter of 2014, Paragon Mortgages’ Quarterly Intermediary Survey has found.

Tracker sales continue to fall

The number of tracker products being processed by intermediaries dropped by 4% during the second quarter of 2014, Paragon Mortgages’ Quarterly Intermediary Survey has found.

Metro ringfences £100m for NACFB members

Metro Bank has put aside £100m of facilities lending for members of the National Association of Commercial Finance Brokers.

RBS response to mis-selling scandal slammed

Royal Bank of Scotland has been slammed for not acting quick enough to prevent the mortgage mis-selling scandal that resulted in the bank being fined £14.5m by the Financial Conduct Authority.

Bower Retirement Services to double adviser numbers

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.

Property availability up

Estate agency branches saw an 11% increase in the average number of properties available for sale over the last month, the National Association of Estate Agents has revealed.

Podcast lifts the lid on Seven Families initiative

In the tenth edition of the Marketing Protection and Finance Podcast, Roger Edwards of Roger Edwards Marketing, discusses the Seven Families Initiative, an ambitious and trailblazing campaign to promote Income Protection, with Peter Le Beau...

FEATURED ARTICLES

Buying business premises

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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

Outer London drives rents up 3.7pc

Outer London drives rents up 3.7pc

UK rents increased 3.7% year-on-year with growth predominantly driven by outer London, the latest Countrywide lettings index has revealed.

Third of renters have never met their landlord

Third never meet their ladnlord

Some 30% of private tenants deal only with their letting agent, research from Ocean Finance reveals.

Mortgage lending up 16pc year-on-year

Mortgage lending up 16pc year-on-year

Gross mortgage borrowing hit £10.9bn in July, up 16% on the same month last year, statistics from the BBA have shown.

CML: Buy-to-let up 5pc

Buy-to-let on the up

The total value of buy-to-let loans increased by 5% to £2.2bn in June on a month-on-month basis, Council of Mortgage Lenders data has revealed.


Bridging and Commercial

Bridging lending almost doubles in a year

Bridging lending almost doubles in a year

The value of new bridging loans written in the second quarter of 2014 almost doubled on a year-on-year basis, the ASTL has revealed.

Growth spurt for bridging industry

Growth spurt for bridging industry

Growth in annual gross lending now stands at 24%, over the twelve months ending 1st July 2014, research from West One Loans reveals.

Metro ringfences £100m for NACFB members

Metro ringfences £100m for NACFB members

Metro Bank has put aside £100m of facilities lending for members of the National Association of Commercial Finance Brokers.

Shawbrook makes monthly service performance public

shawbrook bank

Shawbrook Bank’s commercial mortgages division is making public its performance across its service level agreement metrics and will publish the results monthly.


Equity Release

Tim Wheeldon Blog

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.

Bridgewater outlines four equity release sessions

Bridgewater outlines four equity release sessions

Bridgewater Equity Release has announced the details of four equity release advice sessions being held from September onwards across England.

Ray McCaarthy joins Later Life Academy

McCarthy joins Later Life

Ray McCaarthy has joined The Later Life Academy as national development manager.

Government must look at pensioners finances

Government must look at pensioners finances

Future generations of pensioners face a bleak future unless the government addresses the long term challenges of working age poverty, the International Longevity Centre – UK has warned.


Protection

Geoff Hall Mark Jones

Podcast lifts the lid on Seven Families initiative

Podcast is on the Seven Families initiative

In the tenth edition of the Marketing Protection and Finance Podcast, Roger Edwards of Roger Edwards Marketing, discusses the Seven Families Initiative, an ambitious and trailblazing campaign to promote Income Protection, with Peter Le Beau...

Borrowers at financial limits

Borrowers at financial limits

News that wages have grown at their slowest rate- 0.6% - since records began has prompted British Money to remind lenders that borrowers are at their financial limits and unlikely to pay loans if an income goes.

Paymentshield launch home buyer's protection deal

New product from Paymentshield

Paymentshield has today launched a new protection product, specifically targeted at those buying a new home or moving house.

Mystery surrounds LV= departure

New job for Rix

Iain Clark, former managing director of LV=’s protection business, was replaced today by Myles Rix.


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?

TSB offer to pay borrowers Council Tax

TSB offer to pay borrowers Council Tax

TSB is offering to pay new mortgage customers Council Tax for a year after research revealed that it is the biggest monthly expenditure for more than half of people.

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?

Record start to H2 for seconds

Record start to H2 for seconds

July saw a post credit crunch high in secured lending volumes with an increase of 22% when compared to the same period last year, the latest Secured Loan Index from Loans Warehouse has shown.