Todays Breaking News On Wednesday 22 May 2013
One in seven people planning to retire this year will depend on the State Pension as they have no other pension, research from Prudential has found.
Hometrack has secured a contract to supply InterBay Commercial with services to support its buy-to-let business.
House prices in Wales have fallen back to December 2010 levels as a lack of mortgages stifles demand, the latest LSL House Price Index has revealed.
Tuesday 21 May 2013 News
Kent Reliance has launched a buy-to-let mortgage for people who are temporarily living or working outside the UK.
Specialist loan distributor Enterprise finance has reported that it has arranged more than £100m in short term loans during 2013.
The Council of Mortgage Lenders and the Department of Energy and Climate Change have teamed up to produce a Green Deal FAQ fact sheet for lenders, writes Samantha Cordon.
The National Landlords Association has committed to accredit all landlord members by 2020.
Eddie Goldsmith, senior partner at Goldsmith Williams, is calling on the Financial Ombudsman Service to level the playing field for mortgage mis selling claims.
The Consumer Prices Index grew by 2.4% in the year to April 2013 down from 2.8% in March, the latest figures from the Office of National Statistics showed.
Alex Salmond, Scotland’s First Minister, has launched his counter argument for an independent Scottish economy following the Treasury’s report yesterday which outlined the negative impacts on financial services,
UK house prices increased by 2.7% in the 12 months up to March 2013, the latest Office for National Statistics has revealed.
Just Retirement has confirmed it intends to enter the long term care market in the coming months.
The quality of service provided is second only to rates in terms of what advisers look for when choosing an annuity provider, research from iPipeline and Canada Life has revealed.
The Bank of Ireland has partially reversed its decision to increase interest rates on their on their Base Rate Tracker mortgages.
The Islamic Bank of Britain has lowered the rates for its Sharia compliant Home Purchase Plans.
Gross mortgage lending increased by 4% in April to £12.1bn, the latest figures from the Council of Mortgage Lenders have revealed.
The Paragon Group has reported a 15% increase in buy-to-let lending in its half-year results for the six months to 31 March.
Tenet has appointed Gill Davidson as group regulatory director and company secretary.
The average asking price for homes in Greater London jumped by over £10,000 in the first quarter of 2013, the latest Move with Us Residential Market Review has revealed.
Legal & General Mortgage Club has launched a range of exclusive 2-year fixed-rate mortgages from NatWest Intermediary Solutions.
Tens of thousands of consumers could be missing out on the most appropriate protection cover because networks continue to make it difficult for advisers to sell off panel,
Monday 20 May 2013 News
The Mansfield Building Society has launched a new range of Shared Ownership Mortgages.
Leeds Building Society has appointed Jaedon Green as head of product development.
Household finances are deteriorating at the slowest rate since May 2010, the latest Markit Household Finance Index has revealed.
Scottish deputy first minister Nicola Sturgeon has announced plans for a £120m shared equity scheme.
The Confederation of British Industry called on small and medium-sized firms to consider the broad range of finance options available to help them grow, including asset-based lending, equity investment and peer-to-peer lending,
Homeowners across Britain invested £5.6bn in improving their homes during 2012, research from Sainsbury’s Bank Loans has revealed.
The Loans Engine has appointed Michelle Blair as a business development manager to support its growth strategy within the broker market.
Precise Mortgages has expanded its conveyancing panel following an increase in business.
The private rented sector continues to be the fastest growing tenure in England accounting for 3.8m homes amounting to 17% of all households, research from BDRC Continental and Allsop LLP claimed.
Sir Mervyn King has warned the government not to make the Help to Buy scheme permanent as it could leave taxpayers exposed to billions of pounds of private mortgage debt.
Total mortgage applications for April 2013 were up by more than 50% year-on-year fuelled by a monthly spike of 10%, figures from the National Mortgage Index from Mortgage Advice Bureau shows.
Equity release lender more 2 life is maintaining the pressure on rates with a further rate cut to 5.5% on its Protected Equity Plan enabling customers to safeguard part of their equity for inheritances.
Accord Mortgages has enhanced its range of 80% loan to value mortgages by launching four new residential products.
Stephen Noakes, mortgage director at Lloyds Banking Group, has announced a review of Lloyds approach to self-build mortgages focusing on changing criteria for kit construction methods,
Nationwide and Lloyds Banking Group have embraced the Department of Energy and Climate Change's lender guidance on how to tackle the government’s Green Deal home improvement scheme.
The national average asking price to sell a home has reached a record high of £249,841 as new sellers pumped up their demands by 2.1% this month., latest figures from Rightmove reveal,
Friday 17 May 2013 News
Concrete outcomes are needed from the Government before the summer break to ensure that the Help to Buy schemes are a success, according to CML director general Paul Smee at the CML Cymru lunch today in Cardiff.
Industry covers band The Deadlines have announced two new gigs in London.
LSL Property Services has reported a 10.9% drop in total mortgage approvals for the three months to 31 March compared to the first quarter of 2012, it said in its interim management statement to the London Stock Exchange,
Tenet has introduced a compliance-approved social media framework for its advisers following the group’s own corporate entry into the arena earlier this year on Facebook, Linked-In, Twitter, Vimeo and Youtube.
Hinckley & Rugby has cut the interest rate on its fee-free lifetime discount mortgage from 3.49% to 3.19% for purchases and remortgages up to 80% loan to value.
Brian McCormick, head of mortgages at First Trust Bank, has been appointed the new chairman of the Council of Mortgage Lenders Northern Ireland.
Secured lending in April has broken through the £40m barrier for the first time in three years, the Secured Loan Index from Loans Warehouse revealed.
Money worries are taking their toll on British consumers lives with 31% of the population claiming their finances are their biggest daily stress, research from MoneySupermarket.com has found.
London saw average advertised increase for the first time in four months this April, research from Move with Us has revealed.
Rents in April increased to the highest level since November 2012, the latest Buy-to-Let Index from LSL Property Services has revealed.
Thursday 16 May 2013 News
Fluent Money has launched a new version of its industry-leading smartphone application, the Fluent View App.
Abbey for Intermediaries has launched a seven day spring special which will be exclusively available through all Key Accounts.
Confidence trickster Achilleas Kallakis has had his prison sentence for mortgage fraud extended for a further four years,
Saffron For Intermediaries has appointed Anita Arch as a business development manager.
Brightstar Financial’s latest Lender Day with Precise Mortgages has been hailed as a great success by both companies with nearly £5m of potential bridging deals agreed.
The Mortgage Works has refreshed its buy-to-let mortgage range for first time landlords.
Customers still have significant misconceptions about equity release, research from Bridgewater Equity Release has revealed.
Two thirds (66%) of homeowners remortgaging an existing property in April did so to take advantage of lower mortgage rates, research from LMS has found.
Nigel Waterson, chairman of the Equity Release Council, has raised concerns that local authorities will find themselves in the role of advisers when the proposals within the government’s care bill are put into practice,
The rate of increase of average rents within Greater London has almost halved over the past two years, April’s HomeLet Rental Index has found.
The NACFB has sold out all 86 presentation stands for its upcoming Commercial Finance Expo,
Wednesday 15 May 2013 News
Nigel Waterson today called for action to overcome the knowledge and policy vacuum which surrounds equity release in his speech at the Retirement Income Solutions Forum in London,
The Financial Conduct Authority has launched a thematic review of insurer’s claims processes.,
The housing market is experiencing a steady improvement as higher loan to value lending and increasing confidence bolster house prices, the AMI Quarterly Economic Bulletin has revealed.
Market confidence is improving amongst mortgage and protection advisers with 66% expecting to write more business in the next three month than they are doing currently, research from First complete has revealed.
The Association of Finance Brokers, the trade body for second mortgage professionals, has secured a permanent seat on the Association of Mortgage Intermediaries board,
The number of UK adults who would consider equity release has risen by 23% over the past year, research from the Equity Release Solicitors Alliance has found.
Stonebridge Group and its appointed representative firms and individual sellers are to become members of the Association of Mortgage Intermediaries.
The Bank of England has upgraded its growth outlook for the UK but stressed that recovery still remains weak by historical standards,
Directly Authorised members of PMS will now be able to access enhanced lifetime mortgages from Partnership, which have been designed specifically for people with lifestyle or health conditions.
Complete FS, the south coast based specialist distributor, is hosting its tenth annual mortgage expo for brokers at the Meon Valley Golf and Country Club on the 19th June.
House prices in Scotland have risen for the third month in succession, the latest LSL Scottish House Price Index has revealed.
The ticking time-bomb of plunging property values due to short leases has prompted legal firm Goldsmith Williams to draw brokers’ attention to the legal implications and the opportunities to boost client relationships.
Tuesday 14 May 2013 News
Don’t miss the May issue of
NatWest Intermediary Solutions has confirmed it will start accepting mortgage applications from intermediary clients using the Help to Buy shared equity and NewBuy schemes.
Bridgewater Equity Release will be holding a roundtable workshop event next month designed to support specialist equity release advisers.
Scottish Widows has appointment Esther Dijsktra as its new head of intermediary protection propositions.
Montello Bridging Finance has moved its offices from the City to London's West End to help better serve its growing investor based situated in Mayfair.
1.6 million UK SMEs need funding to grow this year, a report for the Department of Business, Innovation and Skills revealed.
PropertyReclaim.com has warned that landlords and agents face the real threat of fines if new immigration laws proposed in the Queen’ Speech are introduced.
Intermediaries increased their market share in the first quarter among all borrower types, the Council of Mortgage Lenders’ March Housing Market Survey showed.
More borrowers are choosing to fix their mortgage for the longer term as economic conditions remain uncertain, research from global business intelligence provider RFi has shown.
The number of sales agreed during March remained strong despite fewer house hunters registering with estate agents, the National Association of Estate Agents has said.
Demand for property is now at the highest level since 2009, the latest RICS Residential Market Survey has revealed.
Smart Money Loans has re-launched its Smart Rewards scheme which rewards introducers for each secured loan case completed.
House purchase lending picked up in March compared to the first two months of the year resulting in 42,000 advances worth £6.2bn being offered to buyers, data from the Council of Mortgage Lenders Housing Market Survey showed,
Bridging lender Fincorp has completed a £900,000 loan secured over two Gloucestershire properties, enabling the conversion of a chapel into a recording studio to be used by a member of 70s band Squeeze.
First-time buyer activity increased by 20% in March giving rise to optimism across the industry following the release of the Council of Mortgage Lender’s March survey,
Bridgebank Capital has appointed Magnus Duke as a London-based business development manager,
April witnessed an acceleration in valuations activity with annual growth reaching 39%, research from Connells Survey & Valuation has found,
One in eight retirees (13%) continue to pay off a mortgage in retirement, research from MGM Advantage has revealed.
Santander Corporate and Commercial Bank has confirmed it intends to double its market share in the commercial lending sector using the capital originally earmarked for the RBS branch acquisition,