Todays Breaking News On Friday Friday, November 21, 2014
Broker Conveyancing has added Leeds-based Advantage Property Lawyers to its conveyancing firm panel after a successful pilot period in October.
Charles Haresnape has been re-elected chairman of the Intermediary Mortgage Lenders Association by its executive committee.
The UK’s top 20 largest cities have all seen house prices grow by at least 5% annually, Hometrack has revealed in its latest UK Cities House Price Index.
Rental growth in England and Wales has cooled, increasing by just 1.5% annually to October 2014, the latest Buy-to-Let Index from Your Move and Reeds Rains has revealed.
Thursday Thursday, November 20, 2014 News
England has 700,000 more homes than in 2009 with the number of empty homes at a 10-year low.
Mark Snape, managing director of lending at Magellan, has resigned after less than a year with the credit repair lender.
VitalityLife has launched a protection product combining life and mortgage incapacity cover called the ‘Mortgage Plus Plan’.
NatWest has cut rates on 87 mortgage products across its residential fixed, tracker, first-time buyer and buy-to-let ranges.
Masthaven Secured Loans has been awarded the ‘Best Secured Loans Lender’ at the Personal Finance Society Awards.
Capital Bridging has acquired bridging lender Mayfair Bridging.
Fleet Mortgages has become a full patron of the National Association of Commercial Finance Brokers.
Gross mortgage lending reached £19bn in October, up from September’s total of £18bn, the Council of Mortgage Lenders has estimated.
Skipton is today lowering interest rates by as much as 0.56% on its residential 2-year fixed rate mortgage range.
From today all existing 60% loan to value products from The Mortgage Works will be made available to customers up to 65% LTV.
Barclays is simplifying its policy relating to builders’ incentives for residential purchase applications.
Prestige Finance, the intermediary focussed second charge lender, part of OneSavings Bank, has announced an enhanced proposition, including a new product as well as sharper pricing on its prime product range allied to significant reductions...
Wednesday Wednesday, November 19, 2014 News
Shepherd Direct, the owner of mortgage firms' moneyQuest and If I Were You, and owners of estate agency CENTURY 21 UK and Direct Lettings, has today confirmed a major nationwide deal to build thousands of new private rental homes across...
Commercial Trust has made its previous director of operations Stuart Cunningham its new chief executive.
East Midlands building society, the Melton, has rolled out a suite of six new mortgage products, including three new fixed rate products.
Jerrold Holdings chief executive Henry Moser is weighing up selling his share in firm which is valued at over £500m,
Reliance Mutual has launched an online brand aimed at families called ‘There’ with its first product –There-in-One Plan – offering too ill to work and life insurance in one.
Connect Mortgage Club has appointed Paul Simons as the network’s compliance manager.
Homeowners with a mortgage become better off than renters within five years as their equity outstrips the value of savings on monthly payments, research from Zoopla shows.
Mortgage for Business has rebranded by launching a new website and changing its logo.
Leeds Building Society has seen demand for its contractor mortgages increase since it started to roll out the range in October.
People are commonly looking to move straight from their first home into larger detached houses, Lloyds Bank’s Second Steppers Report has revealed.
Tuesday Tuesday, November 18, 2014 News
Computershare has bought HML after the acquisition gained Financial Conduct Authority approval.
Promise Solutions has added a Manchester date to its schedule of half-day secured loan training seminars.
Virgin Money has slashed a number of mortgage rates including its 5-year fix to 75% LTV, which now stands at 3.04% following a 0.45% reduction.
Inflation rose by 1.3% annually to October compared to 1.2% in September, the Consumer Price Index from the Office for National Statistics has revealed.
Broker Conveyancing has appointed three business development managers including Steve Emblem, who will operate in the Midlands.
Two thirds (66%) of brokers expect the bridging and short-term secured finance market to expand over the next three years, a United Trust Bank survey has revealed.
Leeds Building Society has launched two interest-only products, a 2-year fix at 2.49% and a 5-year fix at 3.19% both to 50% LTV.
UK house prices rose by 12.1% annually to September – the highest yearly increase since July 2007, Office for National Statistics data has revealed.
TenetLime has added Airdrie Savings Bank to the group’s mortgage panel and launched a 2-year fix at 3.99% with the Scottish lender.
Personal Touch Financial Services has launched an online service called ‘insight’ which allows firms to get customer feedback.
Virgin Money has slashed rates on several of its ‘rapid remortgage products’, which aim to present an offer to the customer within 10 days of the application being received.
Monday Monday, November 17, 2014 News
Cirencester Friendly has promoted Rebecca Young to head of marketing.
Nearly half (48%) of those who take out Equity Release want to use the money for home improvements, research from LV= has revealed.
Bankers’ should risk losing their basic salaries in cases of misconduct going forward, Governor of the Bank of England Mark Carney declared in Singapore this morning.
Barclays has extended its ‘Great Escape’ remortgage package to incorporate its buy-to-let range.
David Cameron has issued a stark warning that European Union members are ‘teetering on the brink of a possible third recession’ following the G20 summit in Brisbane.
The Financial Conduct Authority has fined IFA firm Chase de Vere £560,000 for misselling Keydata life settlement products between August 2005 and June 2009.
The Financial Conduct Authority is set to make changes to how consumer complaints are handled following a thematic review.
Bower Retirement Services has appointed equity release expert Jon King as non-executive chairman with immediate effect.
LendInvest has hired industry veteran John Prust as head of sales and marketing for its lending products.
Firms offering mortgage advice should put a ‘protection arm’ in place as it adds considerable value to the business, Protection Review chief executive Kevin Carr has declared.
Consumers are having to wait far longer for mortgage appointments in major banks following the introduction of the Mortgage Market Review in April, Legal & General research has revealed.
Friday Friday, November 14, 2014 News
Housing construction output has increased by 22% year-on-year to Q3 2014, data from the Office of National Statistics has revealed.
The Mortgage Works will stress test its buy-to-let applications to 5.49% at 65% to 75% LTV from Thursday 20 November.
TenetLime has launched a 90% LTV 2-year fix at 3.59% with Skipton Building Society.
Y3S has more than doubled its net profits to £846,000 in the financial year to September.
Accord has updated its range of products, offering a 65% LTV 2-year fix at 1.99% with a £345 product fee.
Doctor Marius Barnard, the inventor of critical illness insurance, died this morning.
The cost of renting for new tenants has risen by 3.7% over the past year, data from Countrywide Residential Lettings has revealed.
The Financial Conduct Authority has found that many small banks and commercial insurance intermediaries fail to effectively manage financial crime risk.
Paragon Mortgages’ parent company Paragon Group has completed its fourth securitisation since September 2013.
Leeds building society has unveiled three 5-year fixes at 2.59% to 65% loan to value, 2.84% to 75% LTV and 2.94% to 80% LTV.
The government’s loan to income cap cooled the housing market in October, Connells Survey and Valuation corporate services director John Bagshaw has declared.
Thursday Thursday, November 13, 2014 News
Capital Bridging Finance has made its eighth appointment in 12 months by recruiting Martin Lane to its underwriting team.
House price growth and new buyer demand both stalled in October, according to the latest RICS Residential Market Survey.
Second charge mortgage repossessions fell by 25.7% in Q3 2014 compared to the same quarter last year, figures from the Finance and Leasing Association have revealed.
Annual housing supply in England increased by 136,610 from April 1 2013 to March 31 2014 – a 10% increase from the year before, statistics from the Department for Communities and Local Government have revealed.
A panel of buy-to-let heavyweights at The Buy to Let Event yesterday concluded that hating landlords has become a popular pastime.
Fleet Mortgages chief executive Bob Young warned AGAINST so-called innovation in the buy-to-let sector yesterday,
Broker Conveyancing has seen its sales and purchase transaction levels increase by 13% in October compared to September.
Shawbrook has completed over 90 short-term loan cases in September and October – three times its average monthly number according to the bank.
Mortgage possession claims in county courts totalled 9,731 between July and September – the lowest quarterly total in a decade, figures from the Ministry of Justice have revealed.
Paying off debts is an important consideration when people are thinking of starting a family, research from the Debt Advisory Centre has revealed.
Mortgage applications from homebuyers and remortgaging homeowners reached their highest point of 2014 during October, the National Mortgage Index from Mortgage Advice Bureau