Friday Friday, October 31, 2014 News
Michael Bolton has dismissed reports of his exit from Clayton as “clap trap”.
The short term finance industry was in mourning today after bridging industry grandee Sidney Cohen sadly passed away.
Martin & Co has acquired all of Legal & General’s UK estate agencies in a £5m plus deal.
Aegon UK has become the latest provider to pledge its support to the Seven Families income protection campaign.
BM Solutions is reducing its rates by up to 0.30% across its buy-to-let mortgage product transfer range.
Countrywide Surveying Services has seen a further 30 surveyors graduate its trainee surveyor programme as Associate members of the Royal Institution of Chartered Surveyors.
The property market stabilised in Q3 2014 as the average asking price in Britain rose by just 0.85%, research from Move with Us has revealed.
The number of property sold for least £1m is at a record high, research from Lloyds Bank has shown.
Consumer appetite for mortgage finance is increasingly coming from higher earners under the new MMR affordability rules, the Q3 2014 Mortgage Search Tracker from Mortgage Advice Bureau has found.
Low rates and low fees are only "part of the mix" for brokers looking for a bridging loan for clients, was the consensus amongst brokers at a recent broker day held by bridging lender Fincorp.
Thursday Thursday, October 30, 2014 News
The government wants more evidence before deciding on a Bank of England request to regulate lending to landlords.
Sesame has been fined £1,598,000 by the FCA for setting up a 'pay-to-play' scheme which the regulator claims effectively undermined the ban on commission payments brought in by the RDR.
Countrywide has reported record business levels despite the recent slowdown in the housing market.
House prices increase by 0.5% in October but the annual rate of growth continues to slow, the latest Nationwide House Price Index has revealed.
Second charge specialist packager Smart Money has bolstered its internal sales team with the addition of Katy Leman to its underwriting department.
Cirencester Friendly’s new income protection contract, My Earnings Insurance, has been added to IRESS’ The Exchange.
House hunters are currently out in force with the number of people looking for a property hitting a 10 year high in September.
Coventry Building Society has launched a new residential range with rates starting from 1.79% at 65% loan to value.
Shawbrook Bank’s Rob Holt has been promoted to sales executive within the Commercial Division’s internal Sales Desk.
One in seven people in the UK believe that their home is haunted, a recent survey from Ocean Finance has found.
Despite fears of London slowdown there is no need to “hit the panic button”, online estate agent emoov has said.
Property prices in some of the worst performing areas are falling by more than 7% per year, research by Home.co.uk has found.
Wednesday Wednesday, October 29, 2014 News
Alternative finance can sustain the economic recovery better than the ‘battered high street’, Stephen Wasserman, director of lender West One Loans, has declared.
Funding Circle has launched a series of autumn seminars for introducers across November and early December.
UK mortgage approvals fell to lowest level since July 2013 during September, the latest Bank of England Money and Credit report has revealed.
Leeds Building Society is launching a new range of mortgages for professional contractors.
More than half a million 40 to 70 year olds in England plan to use part or all of their pension to repay their mortgage balance, new research from specialist insurer Partnership has revealed.
e.surv has linked up with equity release provider Pure Retirement for valuations.
The Yorkshire Building Society has been fined £4,135,600 for failings when dealing with its mortgage customers experiencing payment difficulties.
Paragon Personal Finance’s return to secured lending is worthy of celebration according to Matt Tristram, Loans Warehouse co-founder and director of Clearly Loans.
Secured lending hit £58.3m in September, the latest Loans Warehouse Secured Loan Index has revealed.
Tuesday Tuesday, October 28, 2014 News
Buy-to-let lenders have slashed up-front fees on low LTV loans as they compete for business, the latest Buy-to-let Mortgage Costs Index from Mortgages for Business has revealed.
Sesame has added Aldermore to its bridging panel to give appointed representatives and members of PMS mortgage club access to the lender’s bridging products.
The mortgage price war notched up another gear today as Metro Bank said it was going to be cutting rates on its residential 5-year fixed rate mortgages by up to 20bps.
Paradigm Protect has rolled out F&TRC’s Quality Analyser product selection service to its adviser members.
Teachers Building Society has introduced a new Teacher Executive Mortgage with a 2-year discounted variable rate – currently at 1.89% - aimed at higher earning teachers seeking a mortgage for a home purchase.
Optimism in buy-to-let has increased in October as lenders clamour for business, managing director of The Buy to Let Business Ying Tan has said.
The Mortgage Works has increased maximum first-time landlord LTVs from 75% to 80%, with rates starting at 4.14%.
Monday Monday, October 27, 2014 News
The Financial Conduct Authority is a breath of fresh air for the industry in contrast to the Financial Services Authority, Personal Finance Society chief executive Keith Richards has said.
Panacea Adviser has launched a mobile version of its website for phones and tablets.
Bath has appointed Robert Derry-Evans as chairman to succeed the retiring Chris Moorsom from 1 January.
Homeowners should fix their mortgage before the Bank of England raises the base rate, MoneySuperMarket has urged.
Over a million Brits are financially responsible for both younger and older family members, LV= research has revealed.
Brits are considering emigrating from the UK due to the lack of affordable housing on offer, research from GoCompare.com has revealed.
Tesco Bank has cut its mortgage rates by up to 0.4% across its range of 2, 3 and 5-year fixed rate products and 2-year tracker products.
The Mansfield has unveiled three new products for its shared ownership range.
Broker-focused conveyancer Blacks Connect has been added to specialist mortgage lender Precise Mortgages solicitor panel.
Mortgage Intermediaries expect to see business levels increase by 6% during the final quarter of 2014, research from Paragon Mortgages has revealed.
The Mortgage Advice Bureau intends to float on the London Stock Exchange’s Alternative Investment Market.
Friday Friday, October 24, 2014 News
UK gross domestic product increased by 0.7% in Q3 2014 compared to 0.9% in Q2, figures from the Office for National Statistics have revealed.
West Brom has launched a 10-year fix with a rate of 3.99% to 75% LTV.
Dragonfly has hired Dominic Gibson as an investment manager for its commercial property team.
Paradigm will host its next mortgage and protection roundtable event in Belfast on Wednesday 12 October.
Homebuyers shouldn’t skimp out on property surveys or they could encounter problems down the line, Maxwell Hodge conveyancer Alison Love has warned.
London will construct up to 570,000 new homes in the next decade with the help of new build projects in Southwark, Tower Hamlets, Islington and Hackney, Stirling Ackroyd has claimed.
First-time buyer sales have increased by 11% annually to September, the latest First Time Buyer Tracker from Your Move and Reeds Rains has revealed.
The annual rate of UK house price growth was 9.0% in September, up just 0.1% from August (8.9%), according to Hometrack’s inaugural UK Cities House Price Index.