Saturday Saturday, July 04, 2015 | RSS Feed

Friday Friday, July 03, 2015 News

TSB extends 95pc LTV range to brokers

TSB Intermediary has launched 95% loan-to-value mortgages to customers buying a home who choose to take out a TSB mortgage through a broker.

Magellan introduces fixed rates

Magellan Homeloans has extended its credit repair product range to include a choice of 2-year and 3-year fixed rates, writes George Read.

Stockton to exit mortgage market

Nigel Stockton has confirmed he will leave the mortgage market to become chief executive of wealth management firm Bellpenny.

3mc sees strong first half

Distributor 3mc has announced strong growth during the first half of 2015 with the number of new broker registrations, mortgage enquiries, applications and completions all making significant gains.

Fleet supports BoE buy-to-let concerns

Fleet Mortgages has given its full support to the Bank of England regarding its concerns over the buy-to-let market suggesting that inexperienced lenders continuing to carry out looser lending practices are likely to pave the way for further...

London on track for new homes targets

A wave of new homes have cleared the planning system in the opening quarter of 2015 in London, Stirling Ackroyd has suggested.

First-time buyers under pressure in May

This year has witnessed the lowest May for first-time buyer completions in three years as the election temporarily stalled the market and deposits costs climbed.

First-time buyer numbers fall

Fewer people are buying homes for the first time compared to last year, writes George Read.


Thursday Thursday, July 02, 2015 News

Teachers launches new products

Teachers Building Society has launched four new purchase and remortgage products including a 2.69% 3-year discounted variable mortgage available up to 85% loan-to-value.

FCA refers one in 10 whistleblowers to authorities

The Financial Conduct Authority passed just 12% of whistleblower concerns about misconduct on to the National Crime Agency, police forces, HMRC, Solicitors Regulatory Authority, other UK and overseas regulators.

Peter Heigho joins APAC

Peter Heigho has joined specialist financial technology business APAC Systems as its managing director.

Property optimism slows

Optimism in the property market has slowed down with fewer homeowners anticipating an increase in the value of their home over the next 12 months, claims research from Clydesdale and Yorkshire Banks.

Bank of England concerned on BTL

The Bank of England is concerned that less stringent regulation of the buy-to-let sector could destabilise the UK economy if left unchecked.

Seven Families appoints ambassador

Patrick McIntosh, a Surrey-based financial adviser who has defied three different types of cancer and completed an epic trek to the South Pole, has been appointed ambassador of the Seven Families project.

Govt sells further LBG stake

The government has sold a further 1% shareholding in Lloyds Banking Group through the trading plan launched in December.

House prices dip in June

House prices dipped by a marginal 0.2% in June reversing a gain of a similar magnitude in May, Nationwide reports.

Second charge rumour mill in overdrive

Rumours and misinformation about what brokers conducting remortgage business must disclose to their clients after new regulation comes in governing second charge next year is creating confusion.

Free credit scoring software launches

ClearScore, a service giving consumers completely free access to their credit report and credit score, begins beta testing today and will be available to the UK public later this month.

Vince Cable to speak at ASTL

Vince Cable, the former secretary of state for business, innovation and skills and member of parliament for Twickenham will be speaking at the Association of Short Term Lender’s annual conference this year.


Wednesday Wednesday, July 01, 2015 News

Ipswitch appoints Elcock NED

Ipswich Building Society has appointed Peter Elcock as non-executive director to bring increased specialism to the board in capital and liquidity risk management.

TSB cuts rates 0.1pc

TSB has cut rates by 0.1% across its range of mortgages available to existing customers.

Shawbrook Bank Academy partners with SimplyBiz

July sees the launch of a series of Shawbrook Academies, designed specifically for its existing Secured Lending Broker Partners.

The Source run and work for charity

Source Insurance have put together a team from their workforce to run the Cardiff 10k in September.

Affordable home sales up in Q1

There were 4,286 affordable home ownership completions in the first quarter of the year, bringing the total completions for 2014/15 to 10,565.

Sesame Bankhall Group committed to brokers

Sesame Bankhall Group today committed itself to the development of its appointed representative network and PMS mortgage club at its inaugural national mortgage conference at The Hilton at St. George’s Park, Burton upon Trent.

Keystone launches New Classic Range with Landbay

Keystone Buy to Let Mortgages has launched its New Classic Range with funding from peer-to-peer lending platform Landbay.

Brilliant Solutions adds Fleet to panel

Brilliant Solutions has added Fleet Mortgages to its panel.

Funding Circle boosts business for introducers

Funding Circle has launched a new application for registered introducers that allows them to receive an indicative quote for their clients without leaving a credit footprint.

Coventry switches to free numbers

Coventry for Intermediaries has changed its phone numbers to 0800 numbers for both consumers and brokers.

Leeds restructures team

Leeds has finished restructuring its team with the appointments of two national intermediary development managers - Karen Bowman for the North and Mark Collar for the South.

TFC partners with Foundation Home Loans

TFC Home Loans has added Foundation Home Loans to its panel of buy-to-let lenders.

Kent partners with SimplyBiz

SimplyBiz Mortgages members can now access Kent Reliance products after the two partnered up.

Halifax cuts rates 0.5pc

Halifax has reduced mortgage rates across its 0-95% loan-to-value 2-year fixed first-time buyer and home mover products by 0.50%.

Nationwide cuts mortgage rates

Nationwide has cut selected 5-year fixed rate mortgage deals by up to 0.15% for existing Nationwide mortgage customers looking for a new deal from today.


Tuesday Tuesday, June 30, 2015 News

Capita buys Vertex

Capita has acquired Vertex Mortgage Services for £35m on a cash free, debt free basis subject to approval by the Financial Conduct Authority.

Planning permissions top 2008 levels

The numbers of homes granted planning permission are now higher than before the 2008 economic crash, latest figures show.

Skipton launches rates from 1.46pc

Skipton Building Society is launching a new range of two and 5-year fixed rate residential mortgages tomorrow.

LV to hold CPD protection seminars

Protection specialist LV= is hosting seven income protection seminars for advisers who want to look at how they can boost their income protection sales.

UK growth revised up

The quarterly rise in GDP in Q1 has been revised up from 0.3% to 0.4% and growth for 2014 as a whole has been revised up from 2.8% to 3%, figures from the Office for National Statistics show.

Barclays loosens LTI criteria

Barclays will now lend up to five times income for those looking to borrow more than £200,000 following a review of the bank's lending policy.

Keystone’s buy-to-let contract with Aldermore ends

Keystone’s funding contract with Aldermore Bank has ended after a three years, originating close to £200m in loans.

SPECIAL FEATURE: Budget predictions for housing

There’s a week to go until the Summer Budget announcement, and unsurprisingly prediction making is in full flow, writes David Ingram, founder of MyLocalMortgage.co.uk.

RLA produces landlord guide

The Residential Landlords Association has launched an online guide explaining the legal standards required of landlords.

SPECIAL FEATURE: Buying in Turkey

Simon Conn, overseas property and finance specialist, talks through the opportunities and red tape surrounding buying a property in Turkey.


Monday Monday, June 29, 2015 News

P2P platform CrowdProperty smashes £1m target

CrowdProperty has surpassed the £1m lending barrier since its launch on August 31 last year.

Index to link advisers with transactions

HOMESPLACE has launched a tool called MAIT which connects transactions to specific mortgage advisers.

CML launches Rising Stars 2015

The Council of Mortgage Lenders has launched its 'Rising Stars' search for 2015.

Tenet backs FSCS product levy

Tenet has joined the PFS in calling for a product levy to fund the Financial Services Compensation Scheme.

Homeowners struggle to upscale

A third of homeowners (34%) looking to upscale will find it difficult in the next five years, research from MoneySuperMarket has revealed.

South Ken topples Mayfair

Rents in Mayfair have been overtaken by South Kensington – where properties clock up £747 a week in rent, data from Central London Portfolio.

Demand surges in May

Property demand reached its highest level in eight months in May 2015, the National Association of Estate Agents’s Housing Market Report has suggested.

Fleet moves home

Fleet Mortgages has moved to a larger office as it expands its workforce.

Cirencester Friendly appoints head of compliance

Cirencester Friendly has appointed Andrew Horsley as head of compliance and company secretary.

London prices increase after election

London house prices rocketed by 3.4% to £536,300 in May 2015 after slowing down in the run up to the general election on May 7, haart’s housing market monitor has revealed.

Mortgage approvals fall in May

The number of mortgages approved for new house purchase fell from 67,580 to 64,434 in May, partly reversing the strong increase from 61,385 in March.

Don't use pension to repay mortgage

Individuals using their pension freedom to drawdown money prior to retirement to pay off their mortgage early could find it more costly in the long run, LEBC Group has said.

Second steppers find it hard to move

A third of current homeowners looking to buy a bigger home in the next five years would find it difficult, research from MoneySuperMarket has claimed.

Dudley launches remo for listed buildings

Dudley building society has launched a range of lifetime discounted rate products aimed at buyers and owners of listed buildings.

Foundation updates BTL deals

Buy-to-let lender Foundation Home Loans has updated its current buy-to-let prime offerings to include 3-year and 5-year fixed products.

High LTV lending under pressure

New product launches and falling interest rates are masking a growing crisis in high loan-to-value mortgage lending, research from Genworth suggests.


Friday Friday, June 26, 2015 News

Halifax refreshes range

Halifax Intermediaries has reduced rates – and the lender will also refund the valuation fee on selected products.

Former e.surv directors launch evaulate

Former e.surv directors Paul Trott and Malcolm Webb have launched a new surveying firm called Evaluate Surveyors.

Customers face two week appointment wait

Customers are still struggling to see mortgage advisers quickly in bank branches 14 months on from the introduction of the Mortgage Market review, Legal & General Mortgage Club's secret shopper survey has revealed.

Stonebridge recruits NI brokerage

The Stonebridge network has recruited Northern Ireland’s largest retail mortgage and protection broker The Mortgage Shop.

Blacks reports double digit growth

Leeds-based law firm Blacks Solicitors has reported double-digit growth in turnover and profit plus fifteen new staff appointments in the 2014/15 financial end of year statement.

Blimey Loans rebrands to Lending Channel

Secured loan, bridging and commercial mortgage packager Blimey Loans is rebranding to The Lending Channel in early July.

Third of lets agreed before tenant moves out

One third (33%) of new lets were agreed before the existing tenant moved out in May 2015, stats from Countrywide have revealed.

BPF launches built to rent committee

The British Property Federation has created a committee that will focus on promoting the emerging build-to-rent sector to government and other stakeholders, including consumers.

Brokers rate BDMs and flexible underwriters

Brokers rate a good business development manager only just shy of flexible underwriting from a lender, research has claimed.

SimplyBiz launches buy-to-let week

SimplyBiz Mortgages will launch its second educational buy-to-let week on Friday 26 June.

Home sales fall 12pc over 14 months

The number of completed house sales in England & Wales fell 12% to 59,311 compared with 67,321 in March 2014, Land Registry figures for May showed.

Virgin working towards remo proc fee

Virgin Money is “actively looking” at how it can develop its systems to support paying brokers a procuration fee when clients remortgage from a Virgin deal to a Virgin deal.

Deposits reach post-recession peak

Typical homebuyer deposits reached a post-recession peak of £72,300 in May 2015, Mortgage Advice Bureau’s National Mortgage Index has revealed.