Thursday 02 October 2014 | RSS Feed

BREAKING NEWS

One in five unprepared for rate rise

Bank of England

One in five mortgage holders admit they will ‘really struggle to find the extra money’ to cover an increase in mortgage repayments when the Bank of England raises base rates, the Money Advice Service has warned.

CML: Prepare for rate hike now

CML

The Council of Mortgage Lenders has urged borrowers to plan for a base rate rise in the wake of today’s research from the Money Advice Service.

Niche lenders gain LTI cap exemption

CML

Lenders who write less than 300 mortgages per year will be exempt from the government’s 4.5 times loan to income mortgage cap which comes into force today, The Prudential Regulatory Authority said today.

 


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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

One in five unprepared for rate rise

One in five mortgage holders admit they will ‘really struggle to find the extra money’ to cover an increase in mortgage repayments when the Bank of England raises base rates, the Money Advice Service has warned.

CML: Prepare for rate hike now

The Council of Mortgage Lenders has urged borrowers to plan for a base rate rise in the wake of today’s research from the Money Advice Service.

Skipton launches lending charter

Skipton has made four ‘lending charter’ pledges to its partners which include eliminating dual pricing and abstaining from offering home or life insurance.

Niche lenders gain LTI cap exemption

Lenders who write less than 300 mortgages per year will be exempt from the government’s 4.5 times loan to income mortgage cap which comes into force today, The Prudential Regulatory Authority said today.

One in four self-employed excluded from market

Nearly one in four of UK adults who have been self-employed for more than a year have been snubbed when trying to get a mortgage, research from Kensington has revealed.

Glasgow market pauses for breath

The housing market in Glasgow and the west of Scotland lost momentum over the summer as the country played host to the referendum debate and the Commonwealth Games.

Barclays unveils limited edition mortgages

Barclays has refreshed its mortgage range for a limited time to offer products including a 2-year fix of 1.94% to 75% LTV.

SPECIAL FEATURE: Picking lenders based on fees

Should brokers pick a lender based on proc fee? Matthew Anderson, director of Fincorp, says throwing stones is always dangerous, particularly if you’re a lender and you’re throwing them at brokers.

Islamic Bank of Britain launches first H2B plan

The Islamic Bank of Britain has launched the UK’s first home purchase plan backed by the Help to Buy scheme.

TMA launches profit share scheme

TMA has launched a profit share scheme which shares 100% of its margin retained on mortgage business.

Landlords expect rent rise slowdown

Landlords are anticipating a slowdown in rental price increases to 1.8% over the next 12 months, research from Your Move and Reeds Rains has shown.

Lettings redress schemes compulsory from today

From today lettings agents will be forced to join approved redress schemes to protect their landlords and tenants.

Skipton slashes rates

Skipton is reducing interest rates on its residential 3 and 5-year fixed rate mortgages from tomorrow.

Stamp Duty costs Londoners £2.7bn

London paid £2.7bn in Stamp Duty Land Tax annually to September 30, today’s HM Revenue and Custom figures have revealed.

NatWest increases proc fees

NatWest has increased its procuration fee amounts by 3bps and 5bps to 35bps gross to directly authorised firms and 40bps to appointed representative firms.

Payday lenders fail to warn against rollovers

Just one in five payday loan customers are made aware of the risks of extending loans, Citizens Advice research has revealed.

UTB launches into professional lending

United Trust Bank has launched its first ever short-term professional lending product for businessmen who have been trading at least three years.

Shawbrook streamlines legals

Shawbrook has changed its legal ‘master instructions’ to streamline its conveyancing process across searches, reports and planning and building regulations.

Shawbrook streamlines legals

Shawbrook has changed its legal ‘master instructions’ to streamline its conveyancing process across searches, reports and planning and building regulations.

Complete FS hosts Ryder Cup contest

Complete FS will host its own Ryder Cup in Hampshire tomorrow as the USA’s bridging and commercial team battles with Europe’s mortgage team to raise money for the Alzheimer’s Society.

Hope Capital expands team

Hope Capital has recruited another underwriter just a fortnight after hiring a new business development manager.

September house prices drop

House prices dropped 0.2% in September, the first recorded fall in 17 months, the Nationwide House Price Index revealed this morning.

Montello rebrands as LendInvest

Montello Bridging Finance has rebranded under the new name of LendInvest.

Only fools and houses

Del Boy’s Peckham high rise in TV’s hit comedy Only Fools and Horses could set you back £330,000, research from eMoov.co.uk reveals, writes Charlotte Lloyd.

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

Landlords expect rent rise slowdown

Landlords expect slowdown

Landlords are anticipating a slowdown in rental price increases to 1.8% over the next 12 months, research from Your Move and Reeds Rains has shown.

Industry backs Rent to Buy

Industry backs rent to buy

The government’s Rent to Buy scheme has received backing from housing professionals although several noted there may be ‘devil in the detail’ when it comes to the scheme’s implementation, writes Ryan Bembridge.

Lettings redress schemes compulsory from today

Lettings redress compulsory

From today lettings agents will be forced to join approved redress schemes to protect their landlords and tenants.

SPECIAL FEATURE: UK landlords under threat

Landlords under threat

Despite the potential for mortgage rates to rise, the increasing number of tenants in the market and continued poor returns on savings is still tempting many into the buy-to-let market, writes Kevin Paterson, managing director...


Bridging and Commercial

SPECIAL FEATURE: Picking lenders based on fees

Should you choose a lender based on the fee?

Should brokers pick a lender based on proc fee? Matthew Anderson, director of Fincorp, says throwing stones is always dangerous, particularly if you’re a lender and you’re throwing them at brokers.

Complete FS hosts Ryder Cup contest

Complete FS Ryder Cup Challenge

Complete FS will host its own Ryder Cup in Hampshire tomorrow as the USA’s bridging and commercial team battles with Europe’s mortgage team to raise money for the Alzheimer’s Society.

Shawbrook streamlines legals

shawbrook bank

Shawbrook has changed its legal ‘master instructions’ to streamline its conveyancing process across searches, reports and planning and building regulations.

Hope Capital expands team

Hope Capital expands team

Hope Capital has recruited another underwriter just a fortnight after hiring a new business development manager.


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

Zurich launches support service

Helping hands to go with story on Zurich launching a support service for clients

Zurich has launched a free and confidential support service for its protection customers and their immediate families, available throughout the lifetime of their policies.

Beagle Street kicks off CI upgrade race

Beagle Street kicks off upgrade race

Beagle Street, the online insurer that entered the market in July 2012 has kicked off this seasons critical illness upgrade race, writes Alan Lakey, director at CIExpert.

Students urged to study their protection options

students to go with story on their protection needs

As students go to university for the first time, their parents need to make sure their belongings are covered.

UnderwriteMe technology revolution up and running

Underwriteme goes live

UnderwriteMe has gone live with its technology for the first time with Exeter Family Friendly, Scottish Provident, Scottish Friendly and SunLife now using the software within their own propositions, with three further insurers set to go-live...


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?

CML: Prepare for rate hike now

CML

The Council of Mortgage Lenders has urged borrowers to plan for a base rate rise in the wake of today’s research from the Money Advice Service.

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?

One in five unprepared for rate rise

Bank of England

One in five mortgage holders admit they will ‘really struggle to find the extra money’ to cover an increase in mortgage repayments when the Bank of England raises base rates, the Money Advice Service has warned.