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Friday 19 September 2014 News

Halifax slashes rates

Halifax Intermediaries reduced its two and five year new purchase and remortgage ranges by up to 0.39% across the first-time buyer, homemover and remortgage ranges.

Leeds cuts B2L rates

Leeds Building Society is reducing rates on some buy-to-let mortgages by up to 0.40% and introducing new 5-year fixed rate deals.

Industry reacts to Scottish referendum

Scotland’s decision to remain as part of the United Kingdom has been praised by the market but experts have warned that questions still remain about the future.

Bridgebank takes Quantum leap

Bridgebank Capital has launched Quantum, by Bridgebank Capital, as its new dedicated large loans brand.

Zurich launches support service

Zurich has launched a free and confidential support service for its protection customers and their immediate families, available throughout the lifetime of their policies.

Students urged to study their protection options

As students go to university for the first time, their parents need to make sure their belongings are covered.

Rents rocket to reach record high

Rents have eased slowly up to reach an all-time record high as the rental market approaches its autumn peak according to the latest buy-to-let index from Your Move and Reeds Rains.


Thursday 18 September 2014 News

IMLA2014: UK needs joined up housing policy

The UK needs to have a joined up housing policy if it is to solve the current housing supply crisis, Charles Haresnape, chairman of IMLA, has warned.

IMLA2014: Sub-prime still has place in market

Sub-prime lending still has a role to play in the new mortgage market, Peter Brodnicki, chief executive of MAB, has said.

Brokers want smartphone app process

Some 80% of brokers say that being able to send information to lenders using their smartphones would improve the mortgage or loan process, research from TCFinfo.co.uk.

ASTL sees 20pc increase in conference delegates

The Association of Short Term Lenders increased the number of attendees at its annual conference by 20% compared to last year it has announced.

Santander cuts rates

Santander will be reducing the rates on a number of exclusive mortgages available to existing current account holders.

Gross mortgage lending hits £18.6bn in August

Gross mortgage lending reached £18.6bn in August up 13% on the same period last year, the Council of Mortgage Lenders estimates.

EXCLUSIVE: Blacks Connect team up with Mortgageforce

Blacks Connect, the broker-focused conveyancer, has teamed up with Mortgageforce and will be the solicitor of choice for all of the firms advisory practices advisers for a range of legal services.

eKeeper updates AssuranceKeeper

eKeeper Group has launched an updated version of their AssuranceKeeper product which links into the Mortgagekeeper broker system.

Nationwide to pricematch remortgages

Nationwide is set to compare its mortgage rates for existing customers looking for a new deal against the remortgage rates of its top six high street competitors as part of its new Loyalty Rate Mortgages initiative.

Mortgage product numbers hit five year high

Competition between mortgage lenders saw the number of products available on the market increase by 9% to reach record levels in August, the National Mortgage Index from Mortgage Advice Bureau has found.

‘Yes’ vote could devastate Scottish equity release

A ‘Yes’ vote in today’s Scottish Referendum could have a devastating impact on the burgeoning equity release market in Scotland, equity release specialist Responsible Equity Release has warned.

Majority of renters in breach of tenancy

A majority of renters may be breaching their tenancy agreement after failing to read their agreements when they move in, research from Ocean Finance has found.


Wednesday 17 September 2014 News

MetLife deal adds 930 adviser to Openwork

MetLife and Openwork have agreed to the transfer of up to 930 of the former’s self-employed advisers and a new distribution agreement in respect of MetLife’s Accident Protection product.

BOULGER: "Clear, Fair and Not Misleading." Really!

"HSBC is currently advertising its “Incredibly low” 2-year (to 30/11/16) fixed rate at 1.49%. Pity about the fee! writes Ray Boulger, senior technical manager at John Charcol.

Precise Mortgages revamps self-employed criteria

Precise Mortgages has revamped its self-employed criteria and will now accept just one year’s certified accounts or SA302 with rates from 2.97% up to 85% LTV.

GE Money Home Lending to improve online capability

GE Money Home Lending has contracted with technology and business process specialist DPR to start to outline improvements to its intermediary online capability and originations platform.

Beagle Street kicks off CI upgrade race

Beagle Street, the online insurer that entered the market in July 2012 has kicked off this seasons critical illness upgrade race, writes Alan Lakey, director at CIExpert.

Metro Bank revamps 5-year fixed range

Metro Bank is reducing the rates on its residential 5-year fixed rate mortgages by 0.20%.

Five tenants chase every property

Rental demand is growing at the fastest rate in two years with five tenants now chasing each rental property, the latest Countrywide Lettings Index has revealed.

Sepsis Ball raises over ?30,000

The UK Sepsis Trust Inaugural Charity Ball, which was sponsored by Brightstar Financial, raised over £30,000 for the charity when it was held last Friday.

Hope capital boosts proc fees

Hope Capital is adding an additional 50% to its procuration fees to celebrate its third birthday.

Vantage finance celebrates tenth anniversary

Vantage Finance is this month celebrating a significant milestone as it reaches its 10 year anniversary.

TBMC launch Hinckley & Rugby 2.5% B2L exclusive

Hinckley & Rugby Building Society has launched an exclusive market leading buy-to-let mortgage with TBMC.

Shawbrook Bank doubles commercial mortgage book

Shawbrook Bank saw its commercial mortgage book double over the first six months of 2014 to £716m, the banks latest figures have shown.

Scottish house sales reach six-year high

Scottish House sales have reached a six year high but monthly house price growth has slowed to 0.2% with over half of Scotland seeing prices drop in July, research from the LSL Scottish House Price Index reveals.

MMR hits borrowers on low incomes hardest

Borrowers with dependents and low incomes have been most affected by new limits on mortgage lending arising from the Mortgage Market Review, research from the Intermediary Mortgage Lenders Association reveals.


Tuesday 16 September 2014 News

UnderwriteMe technology revolution up and running

UnderwriteMe has gone live with its technology for the first time with Exeter Family Friendly, Scottish Provident, Scottish Friendly and SunLife now using the software within their own propositions, with three further insurers set to go-live...

YES vote could push prime London prices higher

A YES vote on Thursday could push upmarket rentals and Pied-A-Terre prices in London even higher, property lawyers Moore Blatch have warned.

Virgin Money launch 6-year fix at 2.99pc

Virgin Money has launched the only 6-year rates in the market – priced at the same rate as its 5-year deals.

ASTL2014: Sinclair: proc fees to hit 0.40pc by year end

Proc fess will have hit 0.40% by the end of 2014 and could continue to rise next year, Robert Sinclair, chief executive of the association of mortgage intermediaries, said today, writes Ryan Fowler.

ASTL2014: Lenders could abandon Scotland

Lenders could abandon Scotland if it votes yes on independence on Thursday, Andrew Stoneman of Advisory firm Duff & Phelps has warned, writes Ryan Fowler.

ASTL2014: FCA supportive of bridging qualification

Lynda Blackwell, mortgage policy manager at the FCA, has come out in support of an industrywide qualification for the bridging industry, writes Ryan Fowler.

ASTL 2014: Concerns raised about FCA intelligence

Concerns have been raised about the way the FCA gains its market intelligence on the bridging sector after Lynda Blackwell, mortgage policy manager at the FCA, outlined the way the regulator monitors the industry, writes Ryan...

ASTL2014: FCA still concerned by bridging

Despite the regulated bridging market moving to a more professional footing the regulator continues to have concerns about the sector, FCA manager of mortgage policy Lynda Blackwell has warned, writes Ryan Fowler.

ASTL2014: FCA seconds consultation out this month

The Financial Conduct Authority will launch its consultation paper on the reporting and regulation of the second charge industry later this month, Lynda Blackwell manager of mortgage policy at the regulator said today, writes...

ASTL2014: Government may miss chance on regulation

The government may miss its chance to harmonise UK mortgage regulation due to the inflexibility of the EU Mortgage Credit Directive, ASTL CEO Benson Hersch has warned, writes Ryan Fowler.

House prices up 11.7pc

The Office for National Statistics said UK property prices were up 11.7% in the year to the end of July.

Shawbrook non-rep deal to include limited companies

Shawbrook Bank is extending its solicitor non-representation offering to include limited companies across all products on refinances, regardless of property type.

Chadney’s David Thomas joins PFS as president

David Thomas, joint managing partner of Fleet-based Chadney Bulgin, has been named as the new Personal Finance Society president for 2014/15.

SPECIAL FEATURE: Is this Plan B?

Dr Angus Armstrong, director of macroeconomics at the National Institute of Economic and Social Research and Dr Monique Ebell, research fellow at NIESR, ponder Scotland’s Plan B.

Funding Tree helps small community-based businesses

Peer-to-peer lender Funding Tree is helping a broad range of businesses get off the ground after picking up nearly 2,000 investors since its August launch.

Coventry launch 2.99pc B2L at 75pc LTV

Coventry Intermediaries has launched a range of buy-to-let deals with rates starting from 2.99% at 75& LTV.

P2P lender Crowd2Fund launches

Tech entrepreneur Chris Hancock launches Crowd2Fund today – a crowdfunding platform built to support five different funding models including debt and equity.

SPECIAL FEATURE: The rise of vanity bridging

Mirror, mirror on the wall, who is the cheapest of them all? Matthew Anderson, director of Fincorp, sheds some Snow White on the bridging industry.

Bridgebank Capital to launch new split brand

Bridgebank Capital are set to make an exciting announcement this week regarding the launch of a new split brand.

Accord slashes rates

Accord Buy-to-Let has reduced its mortgages rates by up to 0.40% across its 60%, 65%, 70% and 75% loan to value ranges.

Valuations activity cools

August has seen an annual drop in UK housing market activity, the latest research from Connells Survey & Valuation has found.


Monday 15 September 2014 News

Leeds ups B2L proc fees

Leeds Building Society is increasing procuration fees on buy-to-let and holiday let mortgages.

Rental growth easing across UK

Rental price growth across the UK eased in August, with every region of the UK seeing smaller rent increases than in previous months, new findings released today from the August 2014 HomeLet Rental Index have revealed.

Market Financial Solutions joins the ASTL

Market Financial Solutions has become the latest member of the Association of Short Term Lenders.

Ezbob passes the £20m mark

Online short term commercial lender ezbob has lent over £20m in the twelve months since its formal launch in 2013.

Virgin Money cuts rates by up to 0.26pc

Virgin money has announced a number of rate reductions across its residential and buy-to-let mortgage ranges, writes Charlotte Lloyd.

British Friendly appoints non-executive director

Protection provider British Friendly has appointed Roy McLoughlin as a non-executive director.

Smart Money moves to new home

Smart Money is moving to a new Head Office site in order to provide a more effective centre for the increase in its English and Welsh business, writes Charlotte Lloyd.

House prices up by 0.9pc

House prices increased by 0.9% (+£2,474) in September as new listings begin to push up prices, the latest Rightmove HPI has revealed.

CAB backs 'long overdue' tenant eviction bill

The Citizens Advice Bureau has welcomed the government’s support of a private members bill giving private tenants greater protection from eviction.

AXA: Safety first for careless landlords

Landlords are leaving themselves open to prosecution for failing to maintain their properties, AXA has revealed.


Friday 12 September 2014 News

Government set to streamline housebuilding

The government has pledged to save housebuilders and councils £114m per year by streamlining Britain’s housebuilding process.

West One: Housing output is ‘floundering’

Director of West One Loans Duncan Kreeger has blasted the state of the construction industry after the Office for National Statistics revealed that housing output increased by 0.8% month-on-month to July.

EXCLUSIVE: Fleet Mortgages to launch in November

Fleet Mortgages, the new buy-to-let lender, is planning to launch in November and has ambitions to take the market by storm, Mortgage Introducer can reveal.

Halifax slashes rates

Halifax has reduced its rates on 2 and 5-year purchase and remortgage products by up to 0.30%.

Stamp Duty seeding relief could boost UK by £117.6m

The UK economy could be boosted by £117.6m with the introduction of seeding relief on Stamp Duty – a relief on the transfer of property to newly-established fund vehicles - the British Property Federation has said.

MBE welcomes first time exhibitors

The Mortgage Business Expo has welcomed a number of first-time exhibitors including Woolwich to its show at the Barbican Centre in London on October 8.

Cardiff is quality of living capital

Cardiff offers the best quality of living of all the UK’s 12 largest cities, MoneySuperMarket research has revealed.

Mansfield upgrades buy-to-let range

The Mansfield Building Society has launched three 2-year buy-to-let products up to 70% loan to value.

London and South East skew prices

House prices in London and the South East are skewing the average house prices by record £89,000, the latest LSL England & Wales house price index has found.

London rents continue to rise

Tenants in the Capital were paying almost £500 a year more if they rented in August compared to July 2014, figures from Move with Us have shown.