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Having two financial services regulators will cost firms more than the existing structure, says a spokeswoman at the Financial Services Authority.
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Skipton has launched a range of 2-year fixed rate and tracker buy-to-let products including a 2-year fixed rate at 3.89% to 60% loan to value and 2-year trackers from Bank Base Rate +3.69% at 70% LTV.
The latest figures from the Finance & Leasing Association show asset finance for investment in plant and machinery grew in Q1 2012 by 26% compared with Q1 2011.
More News
Having two financial services regulators will cost firms more than the existing structure, says a spokeswoman at the Financial Services Authority.
Tony Ward, chief executive of Home Funding and one of the mortgage market’s most respected economic commentators, has warned that Greece’s exit from the Euro will decimate the UK’s mortgage market.
The latest figures from the Finance & Leasing Association show asset finance for investment in plant and machinery grew in Q1 2012 by 26% compared with Q1 2011.
Hinckley & Rugby has dropped rates on both of its 2-year discount mortgages cutting its 90% loan to value discount down from 4.85% to 4.64% and its 80% LTV deal down from 3.45% to 3.24%.
Skipton has launched a range of 2-year fixed rate and tracker buy-to-let products including a 2-year fixed rate at 3.89% to 60% loan to value and 2-year trackers from Bank Base Rate +3.69% at 70% LTV.
Housing associations, mortgage lenders and other organisations involved in shared ownership and shared equity will now be able to swap information on the Housing Hub.
Clydesdale and Yorkshire Banks have launched a fee free mortgage offer for first-time buyers taking a 95% or 90% loan to value mortgage saving £599.
The Bank of England has cut its growth forecast for this year to 0.8% from 1.2% and said inflation was likely to remain stubbornly high for the “next year or so”.
The British Insurance Brokers’ Association has appointed Deliotte to conduct a strategic review and has warned brokers about political pressure in Europe for mandatory disclosure.
V Loans is offering advisers who refer other intermediaries a cash kickback for the first four cases a referred intermediary completes.
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.
Secured loan packager Promise Solutions says the creation of a Punjabi and Urdu speaking team has been invaluable to business development.
First-time buyers took out 24,000 loans in March, an increase of 74% compared to February and 57% higher than March 2011, figures from the Council of Mortgage Lenders reveal.
HSBC will now accept all solicitors with Law Society Conveyancing Quality Scheme accreditation to its conveyancing panel from August 2012.
UK lenders are being called upon to support the self build scheme following the housing minister’s announcement of a £30m short term finance fund for self build projects.
Principality group chief executive Peter Griffiths has announced that he will step down from his role at Wales' largest building society following the appointment of a suitable successor.
The average rate of a 90% loan to value mortgage has fallen steadily over the past five years to just 5.44% while the number of 90% deals has increased from just 76 in May 2009 to 299 today.
UK lenders are being called upon to support the self build scheme following the housing minister’s announcement of a £30m short term finance fund for self build projects.
The average rate of a 90% loan to value mortgage has fallen steadily over the past five years to just 5.44% while the number of 90% deals has increased from just 76 in May 2009 to 299 today.
SimplyBiz Mortgages has appointed former NatWest regional sales manager Makayla Everitt as head of business development, reporting to SimplyBiz Mortgages chief executive Martin Reynolds.
The Building Societies Association has published a toolkit to encourage lenders to offer self-build mortgage finance.
iState Systems has launched an app that will enable customers and advisers to send information and documents to lenders via mobile phone or tablet, cutting down on paperwork.
Former British Lion rugby player and film star Martin Bayfield will be speaking at the Association of Mortgage Intermediaries annual dinner.
FEATURED ARTICLES
Did your business begin at the kitchen table? Have you outgrown the spare room or shared office space?
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
Landlords upbeat on BTL
Property investors are positive about the outlook for the buy-to-let market, research from specialist lender CHL Mortgages suggests.
Steve Simpson joins Keystone Buy to Let Mortgages
Mortgages for Business has appointed Steve Simpson as business manager for Keystone Buy to Let Mortgages to support to brokers and intermediaries with their clients’ funding applications
Paragon defends rental conditions
Paragon has defended conditions in the private rented sector after former Labour Chancellor Alistair Darling called the sector inadequate at Wednesday’s Building Societies Association conference.
Buy-to-let lending down but increases market share
New buy-to-let lending in the first quarter of this year totalled £3.7 billion (32,300 loans), 5% down on the fourth quarter of 2011 the Council of Mortgage Lenders said today.
Bridging and Commercial
Asset finance grows 26pc
The latest figures from the Finance & Leasing Association show asset finance for investment in plant and machinery grew in Q1 2012 by 26% compared with Q1 2011.
Dragonfly had £337m AIPs at start of 2012
Dragonfly Property Finance received just over 500 agreements in principle on loans amounting to £337m in the first four months of 2012.
West One critical of residential bridgers
West One criticised bridging lenders forced to focus on residential deals when it announced it has completed a £1.6m bridging deal on a Knightsbridge pub.
Promise offers £300 commission bump
Master broker Promise Solutions is paying introducers an extra £300 on larger loan referrals during the month of May.
Equity Release
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.
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.
Stonehaven expands into Scotland
Stonehaven will now lend on equity release in Scotland following strong demand for their products from brokers.
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?
H&R cuts rates on discount mortgages
Hinckley & Rugby has dropped rates on both of its 2-year discount mortgages cutting its 90% loan to value discount down from 4.85% to 4.64% and its 80% LTV deal down from 3.45% to 3.24%.
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?
Skipton launches 2-year BTL deals
Skipton has launched a range of 2-year fixed rate and tracker buy-to-let products including a 2-year fixed rate at 3.89% to 60% loan to value and 2-year trackers from Bank Base Rate +3.69% at 70% LTV.