Thursday 24 April 2014 | RSS Feed

Todays Breaking News On Thursday 24 April 2014

Get some help Melton in the sun on holiday


The Melton has launched a dedicated holiday buy-to-let mortgage to support the increasing demand for holiday rental property in the UK.

NatWest launches 3-year fixed rates


NatWest Intermediary Solutions is launching two new 3 year fixed rate deals and a sub-2% 2-year tracker to its residential intermediary mortgage range today, along with a number of rate changes.

Wednesday 23 April 2014 News

Masthaven Secured Loans secures funding line

Masthaven Secured Loans its first bank funding line through Royal Bank of Scotland.

Smart Money Loans rebrands as Smart Money

Smart Money Loans, the specialist second charge distributor, has rebranded as Smart Money with a new logo and sales and marketing material for introducing brokers.

Keystone reduces fixed rates

Keystone Buy to Let Mortgages has reduced its fixed rate prices just two months after introducing its Classic and Premier Ranges.

Coventry launch new buy-to-let products

Coventry Intermediaries has launched new residential and buy-to-let products including Flexx for Term options.

Intelliflo posts record figures

Intelliflo saw its subs base increase 16% from 8,864 to 10,292 users last year with annual turnover increasing 9% from £12.6m to £13.8m although profit remains broadly flat at £3.6m.

Shortage of three bedroom semi-detached homes

Fifty-seven per cent of estate agents across the UK are experiencing a shortage in the number of semi-detached homes currently available for sale. This is followed by bungalows, with 53% of estate agents believing there is a shortage and...

Nationwide and TMW go 0800 for brokers

All Nationwide and The Mortgage Works contact telephone numbers for intermediaries are now free to call from a landline.

Kensington launches new application portal

Specialist lender Kensington has launched a new application portal that promises to make the process slicker and more straightforward for intermediaries.

Whittaker: Pre-election rate rise will give Tories edge

Interest rates will rise early next year to the benefit of the Conservative Party, David Whittaker, managing director of Mortgages for Business, said.

Tuesday 22 April 2014 News

Citizens Advice demand payday alternative

Borrowers should have access to better short-term credit options than payday loans, Gillian Guy, Citizens Advice Bureau chief executive, has said.

Bridgebank launches mobile website

Bridgebank Capital has launched a mobile website for brokers, complete with a redeveloped application platform.

Mortgage lending continues to improve

Mortgage approvals by all UK-resident mortgage lenders for house purchase continued to rise, on average, in the three months to February, the Bank of England said today.

Mortgage Brain adds rate shock analysis capability

Mortgage Brain has developed and launched a unique Rate Shock analysis capability to enable brokers to instantly identify the effect of rate increases.

Jump in number of high-priced homes for sale

January, February and March saw the highest year-on-year increase in the number of properties worth over £500k appearing for sale since Q4 2012, a rise of 19.6% compared to the same period in 2013, the latest Experian Property Index has...

CML, IMLA and AMI publish guide to MMR

The Council of Mortgage Lenders, the Intermediary Mortgage Lenders and the Association of Mortgage Intermediaries have published an updated industry guide to MMR.

Complete FS expands team

South Coast based packager Complete FS has bolstered its underwriting team with the appointment of Trudy Kane.

Brits spend £6bn on moving

Homeowners spent over £6bn on moving in 2013, Lloyds Bank research has revealed.

Post Office unveils exclusive 2-year mortgage

The Post Office has released a new range of mortgage products including a branch exclusive with no arrangement fee targeting the remortgaging market.

South East rents go through the roof

Average rents in the South East of England have ballooned by £100 in just two years, the Q1 2014 Move with Us Rental Index has revealed.

Monday 21 April 2014 News

Friday 18 April 2014 News

Thursday 17 April 2014 News

UTB hires HR specialist Georgie Reisser-Weston

United Trust Bank has appointed Georgie Reisser-Weston as head of human resources.

True mortgage cost rises

The Moneyfacts Mortgage True Cost Index rose in April to 96.1, the third monthly rise in a row.

Metro Bank launches online portal

Metro Bank has launched an in-store online mortgage portal for both brokers and customers to access its resi and buy-to-let range.

CML: Lending up by a third

Gross mortgage lending in March 2014 was a third higher than last year, Council of Mortgage Lender data shows, writes Ryan Bembridge.

AToM number one with Precise Mortgages

AToM, (All Types of Mortgages), the specialist mortgage packager / distributor, has been awarded “Packager of the Quarter” by Precise Mortgages.

Tribunal upholds FCA broker fine

The Upper Tribunal has upheld the decision of the Financial Conduct Authority to impose a financial penalty of £80,000 on Amir Khan, director of Sovereign Worldwide, for dishonestly submitting false income details to a mortgage lender in...

North West is repossession hotspot

The North West region had the highest repossession rate in the whole of England and Wales in 2013, data from e.surv chartered surveyors has revealed.

Darrell Walker joins Lending Wizard

Darrell Walker has joined The Lending Wizard as head of intermediary distribution from Legal and General.

Average house deposit at 12 month low

Better access to high loan to value mortgages is helping to keep deposit requirements in check despite rising house prices, the latest National Mortgage Index from Mortgage Advice Bureau has found.

Wednesday 16 April 2014 News

Leeds cuts H2B2 rates

Leeds Building Society is launching a new build Help to Buy 2-year fixed rate mortgage at 2.50% with a £199 fee.

Nationwide unveils adviser video link

Nationwide has launched a HD video link service in over 60 branches to connect customers with mortgage consultants in the building society’s Northampton office.

Magellan appoints new head of sales

Magellan Homeloans has appointed Jon Sturgess as its new head of sales.

L&G to school advisers on protection

Legal and General is launching a series of workshops around the UK to support advisers looking to offer business protection.

Mansfield lowers rate on first-timer scheme

Mansfield Building Society has cut the interest rate from 4.99% to 4.39% on its Local Authority Mortgage Scheme, where first-time buyers can take out a 95% LTV mortgage at a lower rate.

Northern England bears repossession brunt

Over a third of UK repossessions have been taking place in Northern England, research from the Charlbury Group has revealed.

An EDM exit for Xit2 boss Blackwell

Xit2 managing director Mark Blackwell is believed to be exiting the business following the group’s sale to the EDM Group, writes Ryan Fowler and Robyn Hall.

Open houses to free up property

Independent agent haart will sell over 300 homes by the Open House, a system which sees seller’s open their homes for buyers to look around the property.

Help to buy boosts Scottish recovery

The average house price in Scotland has climbed by £5,584 in last twelve months, the latest LSL Scotland House Price Index has revealed.