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BREAKING NEWS
montysblog: @Mortgage_Mind Always positives - apart from when a little girl loses her sleeptime bear - apocalyptic!.
NatWest Intermediary Solutions will launch products in the 60% and 75% loan to value tier as part of its core range which includes a 5-year fixed rate deal at 4.09% available at 60% LTV for purchase and remortgage.
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The government received £5,960m from stamp duty land tax over the 2010/2011 period, a 22% increase from £4,885m in 2009/10, research from the National Association of Estate Agents reveals.
Proc fees linked to quality are a “crap idea”, call a duck a duck and move to a fully advised mortgage market and bridging, bridging, bridging.
More News
The coalition government is preparing a “massive” increase in state backed investment in housing and infrastructure, says the Deputy Prime Minister, Nick Clegg in an interview with the FT.
NatWest Intermediary Solutions will launch products in the 60% and 75% loan to value tier as part of its core range which includes a 5-year fixed rate deal at 4.09% available at 60% LTV for purchase and remortgage.
Brightstar Financial has been appointed as a preferred partner by IFA firm Positive Solutions.
The government received £5,960m from stamp duty land tax over the 2010/2011 period, a 22% increase from £4,885m in 2009/10, research from the National Association of Estate Agents reveals.
Tiuta has secured several new funding lines to continue its business transformation process and set it up for more profitable loan trading in the future.
Proc fees linked to quality are a “crap idea”, call a duck a duck and move to a fully advised mortgage market and bridging, bridging, bridging.
The UK economy contracted by 0.3% in the first three months of the year, more than previously thought, figures from the Office for National Statistics reveal.
High street banks reported £7.6bn in gross mortgage lending in April, less than the monthly average of £8.2bn over the previous six months, figures from the British Bankers’ Association show.
All Types of Mortgages has been appointed as a preferred partner of bridging lender Omni Capital.
Interest-only mortgages could become a niche opportunity for brokers, the Financial Services Authority says.
Brokers have been accused of pushing surveyors to overvalue properties to get a bigger bridging loan.
Brokers and networks have been warned there is a risk lenders will begin to sue them for losses caused by fraud.
The Financial Services Authority is rethinking its proposed transitional rules for mortgage prisoners locked into deals because of new stricter affordability regulation.
Lenders must price for risk so they can offer 100% loan to values, cashback and "deep" sub-prime mortgages if the market is to return to any sort of health, claims John Wriglesworth, chairman of The Wriglesworth Consultancy.
Bridging lender Tiuta has made one underwriter and one member of staff on its legal team redundant.
Mortgage activity remains comparatively strong despite the contracting economy and rate hikes from lenders.
An online calculator has been launched by The Letting Protection Service Scotland, helping landlords and letting agents calculate the deadlines they need to meet to secure tenant deposits.
An online calculator has been launched by The Letting Protection Service Scotland, helping landlords and letting agents calculate the deadlines they need to meet to secure tenant deposits.
The number of older people owing money has risen sharply over the past year, research by TNS on behalf of Age UK suggests.
The country needs a national debate on the issue of housing for the next 50 years, says Peter Williams, executive director of the Intermediary Mortgage Lenders Association.
The Bank of England’s Monetary Policy Committee voted by 8-1 against expanding the Bank’s quantitative easing programme at this month’s MPC meeting.
The buy-to-let market would benefit from greater competition according to 89% of landlords who use buy-to-let mortgages.
Nationwide has reported a 44% increase in gross mortgage lending for the year to 4 April, with £18.4bn lent during the period.
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Buy-To-Let
Compliance calculator for Scottish landlords
An online calculator has been launched by The Letting Protection Service Scotland, helping landlords and letting agents calculate the deadlines they need to meet to secure tenant deposits.
Landlords upbeat on BTL
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BTL product range unsatisfactory
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Paragon defends rental conditions
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Bridging and Commercial
Tiuta redundancies
Bridging lender Tiuta has made one underwriter and one member of staff on its legal team redundant.
MBE 2012: Bridging is a fraud hotspot
Brokers have been accused of pushing surveyors to overvalue properties to get a bigger bridging loan.
Tiuta secures new funding lines
Tiuta has secured several new funding lines to continue its business transformation process and set it up for more profitable loan trading in the future.
FSA tells bridging lender to educate brokers
The Financial Services Authority has told bridging lender Masthaven it must take responsibility for educating brokers about the difference between regulated and unregulated cases.
Equity Release
Pensioners own £743bn in property
Retired homeowners have total property wealth owned outright of up to £743bn, figures from Key Retirement Solutions show.
Just Retirement does £68.6m equity release
Just Retirement completed £68.6m of equity release mortgage advances over the nine months to 31st March 2012 - up 17.5% on the same period a year ago.
More 2 Life cuts rates
Equity release lender More 2 Life has cut the rates on its standard equity release plan from 6.99% to 6.25% as it increases the focus on its protected equity guarantee.
Long term care costs to hit £38bn by 2025
The number of people that will need to make use of formal long term care services will grow from 840,184 today to 1.1 million by 2025, an increase of 37%, research from LV= reveals today.
Protection
Strong new business results for Bright Grey and Scottish Provident
New business levels at Bright Grey and Scottish Provident are up 45% to £107m for the three months to March 31 on a present value of new business premiums (PVNBP) basis and applications are up by 18%.
Two in five have no financial backup
Over two fifths of employees (41%) have no financial back up plan if illness or a serious accident forced them to stop work, new research from MetLife shows.
Friends Life sales rise
Friends Life has posted total sales on an annual premium equivalent basis of £292m in the three month period to 31 March 2012.
Clients unaware of bereavement benefits
Research from life assurer RGA shows consumers are unaware of entitlement to bereavement benefits with just 14% of UK adults aware of potential £2,000 tax-free lump sums.
Industry
Buying business premises
Did your business begin at the kitchen table? Have you outgrown the spare room or shared office space?
Rising numbers of older people in debt
The number of older people owing money has risen sharply over the past year, research by TNS on behalf of Age UK suggests.
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?
Mortgage activity is holding up
Mortgage activity remains comparatively strong despite the contracting economy and rate hikes from lenders.