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BREAKING NEWS

IMLA re-elects Charles Haresnape

Charles Haresnape has been re-elected chairman of the Intermediary Mortgage Lenders Association by its executive committee.

Resi transactions drop 4.3pc

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The number of UK residential transactions fell by 4.3% on a seasonally adjusted basis during October, data from HM Revenue and Customs has revealed.

CSA changes could punish borrowers

Late child support payments will have a disastrous effect on borrowers’ credit ratings from March, Andrew Clothier, principal of Wolverhampton-based IFA firm Regents Court Financial, 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

Lloyds is big winner at NACFB awards

Lloyds Bank was the big winner at last night’s annual NACFB awards ceremony as it scooped two awards.

CSA changes could punish borrowers

Late child support payments will have a disastrous effect on borrowers’ credit ratings from March, Andrew Clothier, principal of Wolverhampton-based IFA firm Regents Court Financial, has warned.

Teachers achieves record breaking year

Teachers Building Society’s yearly lending reached record levels, surpassing last year’s total of £48m with over a month to spare.

Resi transactions drop 4.3pc

The number of UK residential transactions fell by 4.3% on a seasonally adjusted basis during October, data from HM Revenue and Customs has revealed.

Broker Conveyancing adds Advantage to panel

Broker Conveyancing has added Leeds-based Advantage Property Lawyers to its conveyancing firm panel after a successful pilot period in October.

Metro Bank slashes rates

Metro Bank has slashed rates on its 2-year residential and tracker mortgages.

IMLA re-elects Charles Haresnape

Charles Haresnape has been re-elected chairman of the Intermediary Mortgage Lenders Association by its executive committee.

City growth trumps earnings

The UK’s top 20 largest cities have all seen house prices grow by at least 5% annually, Hometrack has revealed in its latest UK Cities House Price Index.

England has 700,000 more homes than 2009

England has 700,000 more homes than in 2009 with the number of empty homes at a 10-year low.

Mark Snape steps down from Magellan

Mark Snape, managing director of lending at Magellan, has resigned after less than a year with the credit repair lender.

VitalityLife launches Mortgage Plus Plan

VitalityLife has launched a protection product combining life and mortgage incapacity cover called the ‘Mortgage Plus Plan’.

Rental growth cools

Rental growth in England and Wales has cooled, increasing by just 1.5% annually to October 2014, the latest Buy-to-Let Index from Your Move and Reeds Rains has revealed.

NatWest cuts 87 products

NatWest has cut rates on 87 mortgage products across its residential fixed, tracker, first-time buyer and buy-to-let ranges.

Masthaven wins best secured lender

Masthaven Secured Loans has been awarded the ‘Best Secured Loans Lender’ at the Personal Finance Society Awards.

Capital Bridging acquires Mayfair

Capital Bridging has acquired bridging lender Mayfair Bridging.

Fleet becomes NACFB patron

Fleet Mortgages has become a full patron of the National Association of Commercial Finance Brokers.

October lending hits £19bn

Gross mortgage lending reached £19bn in October, up from September’s total of £18bn, the Council of Mortgage Lenders has estimated.

Skipton cuts rates

Skipton is today lowering interest rates by as much as 0.56% on its residential 2-year fixed rate mortgage range.

Skipton cuts rates

Skipton is today lowering interest rates by as much as 0.56% on its residential 2-year fixed rate mortgage range.

TMW adapts buy-to-let range

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

Barclays increases support for New Build Sector

Barclays is simplifying its policy relating to builders’ incentives for residential purchase applications.

Prestige enhances strategy

Prestige Finance, the intermediary focussed second charge lender, part of OneSavings Bank, has announced an enhanced proposition, including a new product as well as sharper pricing on its prime product range allied to significant reductions...

Shepherd Direct confirms major rental deal

Shepherd Direct, the owner of mortgage firms' moneyQuest and If I Were You, and owners of estate agency CENTURY 21 UK and Direct Lettings, has today confirmed a major nationwide deal to build thousands of new private rental homes across...

Commercial Trust promotes Cunningham to CEO

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

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

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.

Finance for development needs persistence

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Alpha Bridging, the short term lender, is laying out the welcome mat for intermediaries with clients looking for finance for development who might have found it hard to find access to funding.

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.

Fincorp funds festive children’s cards firm

A quarter of a million British children will have the chance to see their drawings on the cover of a Christmas card this Christmas, thanks to “old school” property lender Fincorp.


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

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.

SPECIAL FEATURE: Household premiums drop

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

Aegon UK joins Seven Families

Aegon UK has become the latest provider to pledge its support to the Seven Families income protection campaign.


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?

Rental growth cools

PICT1076.jpg

Rental growth in England and Wales has cooled, increasing by just 1.5% annually to October 2014, the latest Buy-to-Let Index from Your Move and Reeds Rains 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?

Lloyds is big winner at NACFB awards

Lloyds Bank was the big winner at last night’s annual NACFB awards ceremony as it scooped two awards.