Todays Breaking News On Friday Friday, July 31, 2015
One in five first-time buyers claims they’d be willing to live in a run-down property with no water, electricity or central heating just to secure a foot on the property ladder, research suggests.
Thursday Thursday, July 30, 2015 News
The Royal Bank of Scotland upped its lending levels by 43% in Q2 2015 year-on-year after a slow start to the year, its half year interim results have revealed.
Bank of Ireland, together with Ennis Property Finance Limited, an entity affiliated to Goldman Sachs and Feniton Property Finance Limited have agreed terms to acquire a commercial loan portfolio from Lloyds Banking Group.
A Leeds Building Society human resources professional has completed a triathlon event for charity – raising £550 for Breast Cancer Now in the process.
HSBC is cutting the cost of its mortgages and making them available to more people through mortgage broker London & Country, HSBC’s second mortgage broker agreement.
Platform has reduced a number of high LTV rates to 80% and 90% loan-to-value.
Wednesday Wednesday, July 29, 2015 News
Skipton Building Society upped its mortgage lending by 31% to £1.919bn in the first six months of 2015 year-on-year but profits fell over the same period.
Goldsmith Williams has launched an advice service for buy-to-let landlords looking to manage their properties through a limited company.
More than half of brokers operating in the field of development Ffnance have no knowledge of the Government’s ‘Builders Finance Fund’ initiative, research from United Trust Bank reveals.
Fleet Mortgages has outlined its appearances at a full timetable of summer and autumn adviser road shows offered by its key distributor partners.
TSB has added to its buy-to-let mortgage range with new 2-year fixed and tracker rates.
Three in five (61%) secured loan are being used for debt consolidation based on Clever Lending’s own cases in 2015.
Paragon Mortgages successfully doubled its mortgage completions in its third financial quarter as the buy-to-let market surged from April to June.
IRESS has launched XPLAN Mortgage – an end to end solution which will eventually integrate mortgage sourcing, advice, activity management and protection sourcing.
London commuters typically save £450,000 on the cost of buying homes one hour away from the capital by rail, research from Lloyds Bank has found.
Homemovers have to cough up an additional £17bn in unplanned costs – as two in five (39%) have to find an extra £5,000, research from MoneySuperMarket has revealed.
Tuesday Tuesday, July 28, 2015 News
Virgin Money lent £3.6bn in the first half of the year, up 44% on the same period last year bringing the lender’s total mortgage book value to £23.6bn.
Peer-to-peer platform rebuildingsociety.com has launched a promotion where one business will receive £25,000 of their loan interest free.
The lowest 60% loan-to-value trackers and fixed rates on the market stood at just 0.98% and 1.05% as of July 1, Mortgage Brain data has found.
Channel 4 documentary From Russia with Cash is behind Prime Minister David Cameron’s comments on foreign property launderers today, senior technical manager of John Charcol Ray Boulger has said.
Roma Finance, the Manchester-based specialist bridging lender, has managed to resolve a difficult and complex case involving three generations of a family and a dispute with a major UK clearing bank lasting several years.
Shawbrook Bank has grown its loanbook to £2,171m, a 17% uplift from £2,331m in December 2014, boosting profitability at the challenger bank by 94%.
The Bank of England has appointed Dr Gertjan Vlieghe to the Monetary Policy on a three year term.
LV= has confirmed it is seeking external sources of funding to allow it to grow its equity release lending in line with rising demand.
House prices exceeded pre-crisis levels in June 2015 boosted by 3% monthly price increase in the North East, Land Registry data has revealed.
Keystone has transacted its first three cases after launching its new classic range at the beginning of July.
Business e-lender Everline has hired Henry Audley-Charles as senior business development manager for intermediaries in the South.
The Financial Conduct Authority has warned financial firms are still putting too much pressure on sales staff leading to potential mis-selling.
UK economic growth accelerated in the second quarter of this year by an estimated 0.7% paving the way for the Bank of England to raise interest rates towards the end of the year.
Precise Mortgages has unveiled its second charge buy-to-let mortgage range with rates starting from 5.95% for prime deals.
David Cameron will crack down on foreigners buying UK homes with plundered or laundered cash as part of a global effort to defeat corruption, the Prime Minister said in Singapore today.
Equity release lending reached an all-time high of £384.3m in the second quarter of 2015 after over-55 homeowners withdrew £4.2m of housing wealth per day, figures from the Equity Release Council have found.
Monday Monday, July 27, 2015 News
The Ministry of Defence has launched a loan scheme allowing defence personnel to meet the cost of rental deposits.
The Right Mortgage and Protection network has hired ex-Pink head of compliance Gavin Earnshaw as compliance director.
Shawbrook Bank’s commercial division has launched a buy-to-let product for simple residential properties which don’t require any works.
Masthaven Secured Loans has secured a new funding line for an undisclosed amount from government-owned Royal Bank of Scotland.
The number of house hunters registered per estate agency branch was the highest recorded in 11 years, the National Association of Estate Agents’ June housing market report has found.
Over 40% of advisers want to see equity release lenders launch more products to help those facing an interest-only mortgage shortfall, Bower Retirement Services has said.
Spain continues to be top choice for Britons buying property abroad, overseas mortgage specialist Conti has said.
The vast majority of landlords are unperturbed by the cuts in buy-to-let tax relief announced in this month’s budget with just 10% planning to sell up as a result, Barclays has said.
Total household property debt hit £1 trillion in 2010 to 2012, up from £980bn in 2008 to 2010, official figures estimate.
Ariste Holding, trading as Cash Genie, has agreed to provide over £20m of redress to more than 92,000 customers for unfair practices.
Purchases using affordable housing schemes cost nearly £190,000 in the 12 months to May 2015 – just 4% cheaper than the typical price paid (£197,500) across the board, research from the Halifax has revealed.
General insurance provider Uinsure has launched a Defaqto 5-Star rated landlord/BTL insurance policy.
Friday Friday, July 24, 2015 News
Openwork has tripled its operating profit to more than £5m.
Mortgage approvals were around 8% higher in June than at the same time last year, latest data from the British Bankers’ Association reveals.
Heddwyn Richards, former Head of Development at HL Partnership, has been appointed as national accounts manager for The Right Mortgage Network, in what is set to be the first of several high profile appointments to be announced.
Secure Trust Bank’s business and commercial arm has allocated £100m to its commercial owner occupier mortgages (COOM) product.
Halifax Intermediaries has launched a range of fixed rate mortgages which all have a £795 fee and offer £500 cashback for remortgators, homemovers and first-time buyers.
Remortgaging has increased significantly year-on-year as borrowers lock onto low rates, the British Baker’s Association’s has revealed in its High Street Banking Statistics.
The typical mortgagor’s annual salary has fallen below £35,000 for the first time in four years as mortgage rates continue to fall, the Mortgage Advice Bureau’s National Mortgage Index has found.
Virgin Money has trimmed its higher LTV mortgage range – offering a 2-year fix at 4.39% with a £995 product fee.
Thursday Thursday, July 23, 2015 News
The insurer Exeter Family Friendly has agreed a deal to purchase the Engage Mutual Health subject to regulatory approval.
Clever Lending, the secured loans master broker, has appointed Steve Sanderson to expand their proposition to include commercial and bridging finance.
Over a third of letting agents saw rent increases last month, the highest recorded this year, the ARLA June PRS Report reveals.
Almost 3,000 investors have crowdfunded more than £6m worth of buy-to-let property since residential investment platform Property Partner launched in January this year.
AMI chief executive Robert Sinclair branded Financial Conduct Authority bosses as "out of touch" before it was announced that Martin Wheatley will be axed as the regulator's chief executive in September.