Todays Breaking News On Saturday Saturday, March 28, 2015
Buy-to-let landlords fail to keep track on the returns from their property portfolios, research from Platinum Property Partners has found.
Friday Friday, March 27, 2015 News
Brokers still like to use lenders where underwriting is conducted on a manual basis, a survey from Mansfield Building Society has revealed.
Annual house price growth slowed for a seventh successive month to 5.1% in March, the Nationwide House Price Index has found.
UK property prices increased by a steady 0.5% in February as annual growth slows, the Land Registry’s House Price Index has revealed.
Halifax has slashed a range of 2-year fixes – offering a 95% LTV fix at 4.99% (£495 fee) with the Help to Buy Mortgage Guarantee.
Accord Mortgages has cut the mortgage rates on its 95% LTV first-time buyer products.
Brokers can now register for FSE Manchester – the financial services show taking place at Emirates Old Trafford on 20 May 2015.
Connect Mortgage Club has appointed Diogo Fernandes as the network's first field business development manager.
Kensington has closed its first securitisation for three years after raising £497m to aid its expansion.
Glasgow (1.1%) and Liverpool (1.1%) were the strongest performing areas in terms of house price increases in the three months to February as the market continues to slow, the Hometrack UK Cities index has revealed.
First time buyers are now so desperate to get on their housing ladder they are willing to sacrifice space and comfort – as more than half (51%) are willing to go without natural light.
Thursday Thursday, March 26, 2015 News
The Financial Conduct Authority’s decision to increase broker fees is a ‘travesty’ according to Association of Mortgage Intermediaries chief executive Robert Sinclair.
Loan.co.uk wants to aggressively increase its workforce by hiring 15-20 members of staff in the next six months.
Teachers Building Society has launched a mortgage called ‘Back on Track’ for people who have suffered what it termed a ‘financial glitch’ in their credit history.
The Mortgage Advice Bureau made pre-tax profits of £6.88m in 2014 – 31% higher than the year before.
Pensioner property wealth has grown by £7,100 per person in the last six months – accounting to more than £33bn collectively – research from Key Retirement has revealed.
Castle Trust has been appointed to TFC Homeloans’ lender panel.
Optimism in the housing market is rising – as more than a third (36%) see now as a good time to buy, the Building Societies Association has revealed.
Labour leader Ed Miliband is the only main political leader whose home qualifies for the proposed mansion tax, according to Zoopla.
Homeowners over the age of 55 are frequently skipping meals and leaving bills unpaid despite having typically £241,000 worth of housing wealth to draw on.
Wednesday Wednesday, March 25, 2015 News
iPipeline’s quote tool Solution Builder – which lets customers compare protection products on the same screen – is being unveiled on the open market.
All the exhibitor stands at the NACFB Commercial Finance Expo in June have sold out.
Money Advice Service has launched an ‘evidence hub’ to help organisations support consumers with money advice.
The cost of general insurance premiums will rise when the Financial Conduct Authority bans opt-out insurance sales, Berkeley Alexander managing director Geoff Hall has predicted.
Half of conveyancing firms in England and Wales have registered with Veyo – the conveyancing portal from the The Law Society and Mestek which launches in spring.
Metro Bank has opted for Equifax to assess its consumer credit applications and complete creditworthiness and affordability checks.
One in 10 brokers walk away from cases which do not fit standard high street lending criteria, research from Kensington has revealed.
Affirmative Finance is the latest bridging lender to join The Association of Bridging Professionals.
House price optimism rebounded in February as inflation continued to fall and the expectation of an interest rate rise receded further according to the Halifax Housing Market Confidence Tracker.
February housing approvals were 20% lower than the same month last year despite picking up from January, figures from The BBA have revealed.
The Financial Conduct Authority plans to ban opt-out insurance sales – where consumers are defaulted into buying a product with pre-ticked boxes.
The value of remortgage loans fell by 16% in February while volumes dropped by 10%, figures from the LMS have revealed.
The next Government must promote businesses that act in the interests of ordinary voters and political parties should bring forward plans for a greater role for mutual business in key areas of the economy.
Nationwide is reducing selected 2-year tracker rates by up to 0.25% for existing Nationwide mortgage customers looking for a new deal.
Tuesday Tuesday, March 24, 2015 News
Prestige Finance has launched a new range of fixed rate products for residential lending.
The Finance and Leasing Association has today published its Manifesto 2015, proposing measures in five key areas which any new Government could adopt to boost UK growth, productivity and jobs.
NACFB second NACFB workshop takes place in Gatwick next month on April 22 and comes on the back of a successful event in Edinburgh with Bank of Scotland, Archover, Just Cashflow and Ortus all taking part.
Broker Conveyancing has today added Davisons Solicitors to its conveyancing firm panel.
ARLA letting agents are strongly against Labour’s proposal to curb rent increases with 3-year tenancy agreements.
A third (31%) of ARLA agents saw rents increase in February, the Association of Residential Letting Agents’ Private Rented Sector Report has revealed.
Lettings agent Strawberry Star has launched to the global market with the promise that its consumers will choose what commissions they pay.
Defaqto has unveiled a post-Budget financial adviser guide for those preparing for retirement.
Monday Monday, March 23, 2015 News
Tony Ward has been appointed president and chief executive of underwriting and due diligence firm Clayton Euro Risk while the departure of its co-chief executive Michael Bolton has been confirmed.
Crystal Mortgages is entering the secured loan market to meet growing demand from its introducers.
The latest landlord research by Paragon Mortgages has revealed the average annual void period has dropped to its lowest level since 2002.
The Melton Building Society made pre-tax profits of £1.11m in 2014, up from £1.01m in 2013.
Dragonfly Property Finance has hired Daniel Murray as an internal business development manager to develop the company’s relationships with introducers.
London rental growth has flattened out – reversing the general UK trend for steady growth, the HomeLet Rental Index has revealed.
Fleet Mortgages has added Sesame to its distribution panel.
The housing market paused for breath in February as more supply became available, haart's Housing Market Monitor has revealed.
More borrowers plumped for variable deals in February than any month over the last two years on a proportional basis, the Mortgage Advice Bureau’s National Mortgage Index has revealed.
Friday Friday, March 20, 2015 News
Each British retiree contributes tens of thousands of hours of work, and hundreds of thousands of pounds in tax throughout their career, research from Bower Retirement Services reveals.
Precise Mortgages, the specialist lender, and 3mc, the specialist distributor, worked together to complete a £1.6m bridging loan on an historic manor house within a parkland setting.
Teachers Building Society has launched a new Teacher Contract Mortgage aimed at teachers and education professionals working on a contractual basis.
Nearly £50m (48.7m) worth of bridging lending is being transacted every week, the latest West One Bridging Index has revealed.
Average rents increased by 3.1% year-on-year to stand at £766 in February 2015, the latest Buy-to-Let Index from Your Move and Reeds Rains has revealed.