Wednesday Wednesday, March 04, 2015 | RSS Feed

Todays Breaking News On Wednesday Wednesday, March 04, 2015

Nationwide launch 10-year 2.89pc fix


Nationwide today launches the lowest 10-year fixed rate mortgage currently on the market priced at 2.89%.

Tuesday Tuesday, March 03, 2015 News

Buy-to-let panel blasts Labour’s rental pledge

A panel of buy-to-let experts has criticised Labour Party plans to control the private rental sector ahead of the UK general election in May.

David Whittaker: B2L to eclipse £30bn in 2015

The buy-to-let sector will record steadier lending growth in 2015 but still break the £30bn barrier, David Whittaker, managing director of Mortgages for Business, predicted today.

Halifax reduces rates across FTB products

Halifax has increased maximum loan amounts across affordable housing and new build ranges by up to 100% and cut rates across first-time buyer and homemover rates by up to 0.2%.

Seven Families reports rise in income protection enquiries

Seven Families has reported that the protection industry saw a rise in income protection enquiries towards the end of 2014.

Uinsure launches largest ever survey

Uinsure is set to undertake its largest ever broker survey.

L&G brokers gain access to Fleet Mortgages

Directly authorised members of Legal & General Mortgage Club now have full access to the Fleet Mortgages product range.

Pink brokers given free membership to SMP

Pink network has provided all of its advisers with free membership of Society of Mortgage Professionals (SMP).

Monday Monday, March 02, 2015 News

Precise boost with launch of Charter Savings Bank

New challenger bank Charter Savings Bank opened its doors for business this morning with rates up to 2.50% AER.

New partners at Brightstone Law

Harry Peradigou and Rehka Chelvendra have become partners at Brightstone Law.

Mortgage Trust launch B2L for Scotland

Mortgage Trust has made a range of products available for investors in the private rented sector in Scotland for the first time since the financial crisis.

Rise in fraud reveals Scotland’s financial problems

Scotland has suffered a huge increase in cases of fraud throughout the country as people look to stem debt problems as well as fund personal greed and unfeasible lifestyle choices.

Paradigm push for Scottish registration

Paradigm Mortgage Services is pushing for Scottish advisers to sign up to its proposition at this week’s Financial Services Expo taking place at the Hilton Glasgow Hotel.

P2P lender Landbay sets new standards of openness

Landbay, the platform offering secured P2P lending backed by tenanted British homes, today announces it has set new standards of transparency in a sector already known for openness.

PM: 20pc discount on your first home

A new scheme offering 100,000 first-time buyers new homes with a 20% discount was announced by the Prime Minister David Cameron today.

House price growth slows for sixth month in a row

Annual house price growth slowed to 5.7% in February from 6.8% in January – the sixth month in a row, figures from Nationwide show.

New collective claims data available for advisers

F&TRC, the financial services research specialist, today announced that new and updated protection claims data is now available to advisers on its research platform.

FTBs have just one month to get on property ladder

People planning to buy their first home have just months left to buy a house or risk missing out on the chance of getting on the property ladder for years to come, research from savings and ISA provider Scottish Friendly reveals.

90pc of HIV positive people would consider IPP or CIC

Nine out of 10 HIV positive people would consider taking out income protection or critical illness cover if it became available in the market place, research from Unusual Risks, the medical financial advisers reveals today.

Secured lending records 28pc surge

The secured loan market has gone from strength to strength over the last two years – as annual lending to January 2015 has increased by 28% from the year before (£609m) to stand at £779m.

Friday Friday, February 27, 2015 News

Lloyds ups lending by 13pc

Lloyds Bank increased its mortgage lending by 13% in 2014 from the year before, its annual statistics have revealed.

RBS & NatWest cuts rates as lending soars

RBS and NatWest has made widespread rate cuts after announcing that its gross mortgage lending in 2014 increased by 37% year-on-year to stand at £19.7bn.

Bridging brokers expect volumes to flourish

Three quarters (73%) of bridging finance brokers expect business volumes to grow in 2015 while 22% expect them to stay the same, United Trust Bank research has found.

SortRefer happy with broker app takeup

SortRefer is happy with the takeup of the second version of its broker app – which provides access to cases with instant progress updates.

Private rental sector needs £1.4 trillion by 2035

The UK’s private rental sector needs £1.4 trillion of investment by 2035 to provide sufficient levels of high quality accommodation, buy-to-let lender Landbay has forecast.

Coventry’s annual lending surges 25pc

Coventry Building Society's lending totalled £7.4bn in 2014 – a 25% increase on 2013, its annual figures show.

January prices inflate 1.3pc

House prices increased by 1.3% in January 2015 from December led by strong increases in the North West (2.6%), South West (1.5%) and the East (1.4%), the Land Registry’s house price index has revealed.

Stamp Duty reforms boosts FTB deposits

First-time buyer deposits increased by 7% month-on-month and 15% year-on-year to average at £29,127 in January, the latest First Time Buyer Tracker from Your Move and Reeds Rains has revealed.

Broker confidence picks up in Q4

Brokers were more confident in the state of the mortgage market in the fourth quarter of 2014 – with many reporting increased business levels, Halifax’s intermediaries broker confidence tracker has revealed

Rents rise 2.5pc in January

Rents on new tenancies increased by 2.5% in January 2015 from December 2014 to average at £889, Homelet’s rental index has revealed.

Thursday Thursday, February 26, 2015 News

More January remortgagors used advisers

Almost half (46%) of those people who remortgaged in January consulted with an independent mortgage adviser or broker, according to research from LMS.

Countrywide grows profits by 63pc

Countrywide’s 2014 profits increased by 63% from 2013 to reach £102.4m before tax, its annual statistics have revealed.

Homebuyers negotiate more on price

Nearly three quarters of houses in January were sold at less than asking price, the National Association of Estate Agents January Housing Market Report has found.

Shawbrook announces commercial team promotions

Shawbrook Bank has announced two promotions within its commercial mortgages team.

Landbay appoints Robert Burgess

Landbay has appointed peer-to-peer pioneer Robert Burgess to its board of directors.

FTBs drive Scotland and NI markets

First-time buyer activity shot up by a quarter in Scotland and Northern Ireland in 2014, data from the Council of Mortgage Lenders has revealed.

Welsh lending rises by 9pc

Wales saw a steady 9% increase in house purchase lending in 2014 with loans totalling £3.1bn, data from the Council of Mortgage Lenders has revealed.

Skipton ups lending by a quarter

Skipton Building Society increased its residential lending by a quarter (23%) in 2014 to total £3bn, its annual results have revealed.

Wednesday Wednesday, February 25, 2015 News

YBS reduces rates and fees for FTBs

Yorkshire Building Society has reduced rates on its two-year fixed-rate mortgage at 95% LTV to help first-time buyers get on the property ladder.

BBA: housing market slows

Mortgage approvals from banks were little changed in January compared with December, but were still 20% down on a year ago.

London market slows in Q4

Greater London house purchase volumes in Q4 fell by 10% from the last quarter and 12% year-on-year, data from the Council of Mortgage Lenders has revealed.

Another record year for Leeds

Leeds Building Society today reported another record year of growth with new residential mortgage lending increasing by 24% to £2.7bn (£2.2bn 2013) and net residential lending of £1.1bn (£1.0bn 2013) – its best ever performance.

Ezbob parent Orange Money acquires Everline

Orange Money, which trades as Ezbob in the UK, has acquired Everline in a bid to create the UK’s largest online commercial lender.

New dates for Sesame Bankhall mortgage seminars

Sesame Bankhall Group is hosting a new series of mortgage seminars in 12 venues across the UK for customers of PMS and Bankhall, along with Sesame Network members.

Demand cools for prime central London

Fluctuations in currencies together with tax changes and the threat of a mansion tax are cooling demand for prime London housing and values have started to slip back as a result.

Dragonfly passes £750m loan redemptions since launch

Dragonfly Property Finance said today that it had redeemed more than £750m in loans since its launch in 2009.

Rents up 5.3pc since Scottish election

Scottish rents have increased by just 5.3% since May 2011 – when the country’s last general election took place, the latest Scotland Buy-to-Let Index from Your Move has revealed.

95pc LTV products up 57pc

Since the launch of Help to Buy 2 in January 2014 the number of 95% LTV products on the market has increased by 57%, the latest Genworth / Moneyfacts Mortgage LTV Tracker has revealed.

Tuesday Tuesday, February 24, 2015 News

Foundation Home Loans launches

Foundation Home Loans launched its buy-to-let proposition today.

Santander launch zero fee products

Santander has launched a 2.19% 2-year fix at up to 80% LTV with zero booking fee.

Payday lenders must use comparison sites

The CMA, the UK’s competition and consumer authority, has ordered online payday lenders to publish details of their products on at least one price comparison website (PCW) which is authorised by the Financial Conduct Authority.

OMBUDSMAN: Deal with complaints thoughtfully

Latest figures from FOS show that the ombudsman took on a total of 161,649 new cases in the second half of 2014.

33,000 benefit from RTB since 2012

More than 33,000 new homeowners have been created through the reinvigorated Right to Buy since 2012, and £2.4 billion is being raised in new affordable housing investment as a result, figures show today.

Record lending at Yorkshire Building Society

Yorkshire Building Society today announced a strong financial performance in 2014, its 150th anniversary year, as it achieved record gross and net mortgage lending and a record core operating profit.

Omni Capital launches intermediary sales hub

Omni Capital has launched Omni Capital Client Services, a new-look, intermediary-facing sales hub, with improved decision-making technology, advanced research and analytical tools, and an expanded team of three.

IFA Conveyancing and The Source team up

IFA Conveyancing has joined forces with The Source to offer brokers the ability to include Home Buyer Protection for their clients at the point of sale. The Source have offered Home Buyer Protection for some time but this is the first on-line...

Amicus buys Norton Folgate

Amicus Finance – formerly Capital Bridging Finance – has acquired City-based brokerage Norton Folgate Capital Group, including Norton Folgate Capital Consulting LLP to bolster its presence in the commercial market.

Housing confidence at three year high

Confidence in the UK property market has reached a three year high, research from Clydesdale and Yorkshire Banks reveals.

NAEA and ARLA launch 2015 housing manifesto

The National Association of Estate Agents and the Association of Residential Letting Agents are calling for better housing supply, enhanced regulation, and a change to property taxes.

Kent Reliance revamps mortgage portfolio

Kent Reliance has revamped its mortgage portfolio launching new five year fixed rate products, interest only products and cut rates and fees across its range.

Roma Finance joins the ASTL

Roma Finance, the Manchester-based bridging and development finance lender, has joined the ASTL as Roma continues to strengthen its service proposition to brokers.

Hope Capital completes largest ever deal

Hope Capital has just facilitated its largest ever loan deal for £3.3million.