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BREAKING NEWS

Equity Release market in record-breaking Q2

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Equity release lending reached an all-time high of £384.3m in the second quarter of 2015 after over-55 homeowners withdrew £4.2m of housing wealth per day, figures from the Equity Release Council have found.

MOD launches tenancy loan scheme

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The Ministry of Defence has launched a loan scheme allowing defence personnel to meet the cost of rental deposits.

Masthaven secures RBS funding for seconds

Masthaven Secured Loans has secured a new funding line for an undisclosed amount from government-owned Royal Bank of Scotland.

 


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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

MOD launches tenancy loan scheme

The Ministry of Defence has launched a loan scheme allowing defence personnel to meet the cost of rental deposits.

Equity Release market in record-breaking Q2

Equity release lending reached an all-time high of £384.3m in the second quarter of 2015 after over-55 homeowners withdrew £4.2m of housing wealth per day, figures from the Equity Release Council have found.

Earnshaw joins The Right Mortgage and Protection

The Right Mortgage and Protection network has hired ex-Pink head of compliance Gavin Earnshaw as compliance director.

Shawbrook launches ‘simple’ buy-to-let range

Shawbrook Bank’s commercial division has launched a buy-to-let product for simple residential properties which don’t require any works.

Masthaven secures RBS funding for seconds

Masthaven Secured Loans has secured a new funding line for an undisclosed amount from government-owned Royal Bank of Scotland.

House hunter numbers reach 11-year high

The number of house hunters registered per estate agency branch was the highest recorded in 11 years, the National Association of Estate Agents’ June housing market report has found.

Advisers call for IO shortfall equity release

Over 40% of advisers want to see equity release lenders launch more products to help those facing an interest-only mortgage shortfall, Bower Retirement Services has said.

Britons buying in Spain on weak euro

Spain continues to be top choice for Britons buying property abroad, overseas mortgage specialist Conti has said.

Landlords unphased by tax relief cuts

The vast majority of landlords are unperturbed by the cuts in buy-to-let tax relief announced in this month’s budget with just 10% planning to sell up as a result, Barclays has said.

Household property debt hits a trillion

Total household property debt hit £1 trillion in 2010 to 2012, up from £980bn in 2008 to 2010, official figures estimate.

Payday lender agrees £20m redress

Ariste Holding, trading as Cash Genie, has agreed to provide over £20m of redress to more than 92,000 customers for unfair practices.

So-called affordable homes cost £190,000

Purchases using affordable housing schemes cost nearly £190,000 in the 12 months to May 2015 – just 4% cheaper than the typical price paid (£197,500) across the board, research from the Halifax has revealed.

Uinsure launches 5-Star landlord insurance

General insurance provider Uinsure has launched a Defaqto 5-Star rated landlord/BTL insurance policy.

Openwork triples operating profit to £5m

Openwork has tripled its operating profit to more than £5m.

Housing market hotting up

Mortgage approvals were around 8% higher in June than at the same time last year, latest data from the British Bankers’ Association reveals.

Heddwyn Richards joins The Right Mortgage Network

Heddwyn Richards, former Head of Development at HL Partnership, has been appointed as national accounts manager for The Right Mortgage Network, in what is set to be the first of several high profile appointments to be announced.

Secure Trust Bank sets aside £100m for COOM launch

Secure Trust Bank’s business and commercial arm has allocated £100m to its commercial owner occupier mortgages (COOM) product.

Halifax refreshes FTB and remortgagor range

Halifax Intermediaries has launched a range of fixed rate mortgages which all have a £795 fee and offer £500 cashback for remortgators, homemovers and first-time buyers.

Halifax refreshes FTB and remortgagor range

Halifax Intermediaries has launched a range of fixed rate mortgages which all have a £795 fee and offer £500 cashback for remortgators, homemovers and first-time buyers.

BBA: Remortgaging increases in June

Remortgaging has increased significantly year-on-year as borrowers lock onto low rates, the British Baker’s Association’s has revealed in its High Street Banking Statistics.

Average mortgagors salary falls to £35k

The typical mortgagor’s annual salary has fallen below £35,000 for the first time in four years as mortgage rates continue to fall, the Mortgage Advice Bureau’s National Mortgage Index has found.

Virgin Money refreshes high LTV range

Virgin Money has trimmed its higher LTV mortgage range – offering a 2-year fix at 4.39% with a £995 product fee.

Exeter Family Friendly to buy Engage Mutual Health

The insurer Exeter Family Friendly has agreed a deal to purchase the Engage Mutual Health subject to regulatory approval.

Clever Lending moves into B&C finance

Clever Lending, the secured loans master broker, has appointed Steve Sanderson to expand their proposition to include commercial and bridging finance.

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

One in three letting agents report rent increase

Over a third of letting agents saw rent increases last month, the highest recorded this year, the ARLA June PRS Report reveals.

Parents renting closer to schools

Fierce competition for school places is driving parents to rent ever closer to the best schools, research from Countrywide reveals.

Aldermore revamps buy-to-let and commercial range

Aldermore

Aldermore has revamped its entire range of buy-to-let mortgages, launching new standard and specialist products and brought its residential and commercial buy-to-let ranges under one proposition.

SPECIAL FEATURE: BTL: Not a saint, not a sinner

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Paul Smee, director general of the Council of Mortgage Lenders, says that when it comes to housing tenure choice, there are no saints and sinners – the name of the game needs to be peaceful co-existence.


Bridging and Commercial

Clever Lending moves into B&C finance

Clever Lending, the secured loans master broker, has appointed Steve Sanderson to expand their proposition to include commercial and bridging finance.

360 sourcing reaches £100m in apps since launch

360 Sourcing, the secured loan sourcing platform powered by specialist packager Positive Lending, has originated in excess of £100million since launch in April 2015.

Charlotte Williams joins Dragonfly

Dragonfly

Dragonfly Property Finance has hired Charlotte Williams as an internal business development manager.

Bridging brokers on 12 month high

More than two thirds (68%) of brokers operating in the bridging sector expect to complete more bridging loan business over the next 12 months than they did in the previous 12 months, research from United Trust Bank reveals – with a further...


Equity Release

Tim Wheeldon Blog

SPECIAL FEATURE: The path to a good life

Stuart Wilson, marketing director at more 2 life, says more people will come to realise that their home can provide a significant boost to their retirement finances.

Home should be part of retirement mix

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Three quarters of advisers think that more retirees should consider their property as part of their asset mix when looking at funding their retirement.

more 2 life enhances choice

Breaking News

more 2 life is expanding choice and flexibility for equity release customers and advisers with the Tailored Choice Plan providing personalised plans and rates.

Pure cuts drawdown rates

Pure Retirement has reduced the interest rate on the ‘Pure Drawdown Plan’ has been reduced by 0.43% to 6.59% monthly (6.79% annual).


Protection

Geoff Hall Mark Jones

Four in ten parents of under-18s have no life insurance

Research from Sainsbury’s Bank Life Insurance provided by Legal & General reveals that four in ten (40%) parents with children under the age of 18 do not have any life insurance in place.

F&TRC launch life insurance ratings

F&TRC has launched a product ratings service to help advisers and employers understand which providers are offering the most suitable and comprehensive protection recommendations for their clients.

L&G paid over £160m in GI claims in 2014

Legal & General

Legal & General paid over £160m in general insurance claims in 2014 – with figures showing that the insurer made over 80,000 claims payments to customers who registered a household insurance or lifestyle cover claim last year.

Paradigm Protect teams up with ActiveQuote

Paradigm Protect has formed a new introducer relationship with health insurance advice specialists, ActiveQuote.


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?

Equity Release market in record-breaking Q2

PICT1089.jpg

Equity release lending reached an all-time high of £384.3m in the second quarter of 2015 after over-55 homeowners withdrew £4.2m of housing wealth per day, figures from the Equity Release Council have found.

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?

So-called affordable homes cost £190,000

Purchases using affordable housing schemes cost nearly £190,000 in the 12 months to May 2015 – just 4% cheaper than the typical price paid (£197,500) across the board, research from the Halifax has revealed.