Friday Friday, July 03, 2015 News
TSB Intermediary has launched 95% loan-to-value mortgages to customers buying a home who choose to take out a TSB mortgage through a broker.
Magellan Homeloans has extended its credit repair product range to include a choice of 2-year and 3-year fixed rates,
Nigel Stockton has confirmed he will leave the mortgage market to become chief executive of wealth management firm Bellpenny.
Distributor 3mc has announced strong growth during the first half of 2015 with the number of new broker registrations, mortgage enquiries, applications and completions all making significant gains.
Fleet Mortgages has given its full support to the Bank of England regarding its concerns over the buy-to-let market suggesting that inexperienced lenders continuing to carry out looser lending practices are likely to pave the way for further...
A wave of new homes have cleared the planning system in the opening quarter of 2015 in London, Stirling Ackroyd has suggested.
This year has witnessed the lowest May for first-time buyer completions in three years as the election temporarily stalled the market and deposits costs climbed.
Fewer people are buying homes for the first time compared to last year, writes George Read.
Thursday Thursday, July 02, 2015 News
Teachers Building Society has launched four new purchase and remortgage products including a 2.69% 3-year discounted variable mortgage available up to 85% loan-to-value.
The Financial Conduct Authority passed just 12% of whistleblower concerns about misconduct on to the National Crime Agency, police forces, HMRC, Solicitors Regulatory Authority, other UK and overseas regulators.
Peter Heigho has joined specialist financial technology business APAC Systems as its managing director.
Optimism in the property market has slowed down with fewer homeowners anticipating an increase in the value of their home over the next 12 months, claims research from Clydesdale and Yorkshire Banks.
The Bank of England is concerned that less stringent regulation of the buy-to-let sector could destabilise the UK economy if left unchecked.
Patrick McIntosh, a Surrey-based financial adviser who has defied three different types of cancer and completed an epic trek to the South Pole, has been appointed ambassador of the Seven Families project.
The government has sold a further 1% shareholding in Lloyds Banking Group through the trading plan launched in December.
House prices dipped by a marginal 0.2% in June reversing a gain of a similar magnitude in May, Nationwide reports.
Rumours and misinformation about what brokers conducting remortgage business must disclose to their clients after new regulation comes in governing second charge next year is creating confusion.
ClearScore, a service giving consumers completely free access to their credit report and credit score, begins beta testing today and will be available to the UK public later this month.
Vince Cable, the former secretary of state for business, innovation and skills and member of parliament for Twickenham will be speaking at the Association of Short Term Lender’s annual conference this year.
Wednesday Wednesday, July 01, 2015 News
Ipswich Building Society has appointed Peter Elcock as non-executive director to bring increased specialism to the board in capital and liquidity risk management.
TSB has cut rates by 0.1% across its range of mortgages available to existing customers.
July sees the launch of a series of Shawbrook Academies, designed specifically for its existing Secured Lending Broker Partners.
Source Insurance have put together a team from their workforce to run the Cardiff 10k in September.
There were 4,286 affordable home ownership completions in the first quarter of the year, bringing the total completions for 2014/15 to 10,565.
Sesame Bankhall Group today committed itself to the development of its appointed representative network and PMS mortgage club at its inaugural national mortgage conference at The Hilton at St. George’s Park, Burton upon Trent.
Keystone Buy to Let Mortgages has launched its New Classic Range with funding from peer-to-peer lending platform Landbay.
Brilliant Solutions has added Fleet Mortgages to its panel.
Funding Circle has launched a new application for registered introducers that allows them to receive an indicative quote for their clients without leaving a credit footprint.
Coventry for Intermediaries has changed its phone numbers to 0800 numbers for both consumers and brokers.
Leeds has finished restructuring its team with the appointments of two national intermediary development managers - Karen Bowman for the North and Mark Collar for the South.
TFC Home Loans has added Foundation Home Loans to its panel of buy-to-let lenders.
SimplyBiz Mortgages members can now access Kent Reliance products after the two partnered up.
Halifax has reduced mortgage rates across its 0-95% loan-to-value 2-year fixed first-time buyer and home mover products by 0.50%.
Nationwide has cut selected 5-year fixed rate mortgage deals by up to 0.15% for existing Nationwide mortgage customers looking for a new deal from today.
Tuesday Tuesday, June 30, 2015 News
Capita has acquired Vertex Mortgage Services for £35m on a cash free, debt free basis subject to approval by the Financial Conduct Authority.
The numbers of homes granted planning permission are now higher than before the 2008 economic crash, latest figures show.
Skipton Building Society is launching a new range of two and 5-year fixed rate residential mortgages tomorrow.
Protection specialist LV= is hosting seven income protection seminars for advisers who want to look at how they can boost their income protection sales.
The quarterly rise in GDP in Q1 has been revised up from 0.3% to 0.4% and growth for 2014 as a whole has been revised up from 2.8% to 3%, figures from the Office for National Statistics show.
Barclays will now lend up to five times income for those looking to borrow more than £200,000 following a review of the bank's lending policy.
Keystone’s funding contract with Aldermore Bank has ended after a three years, originating close to £200m in loans.
The Residential Landlords Association has launched an online guide explaining the legal standards required of landlords.
Monday Monday, June 29, 2015 News
CrowdProperty has surpassed the £1m lending barrier since its launch on August 31 last year.
HOMESPLACE has launched a tool called MAIT which connects transactions to specific mortgage advisers.
The Council of Mortgage Lenders has launched its 'Rising Stars' search for 2015.
Tenet has joined the PFS in calling for a product levy to fund the Financial Services Compensation Scheme.
A third of homeowners (34%) looking to upscale will find it difficult in the next five years, research from MoneySuperMarket has revealed.
Property demand reached its highest level in eight months in May 2015, the National Association of Estate Agents’s Housing Market Report has suggested.
Fleet Mortgages has moved to a larger office as it expands its workforce.
Cirencester Friendly has appointed Andrew Horsley as head of compliance and company secretary.
London house prices rocketed by 3.4% to £536,300 in May 2015 after slowing down in the run up to the general election on May 7, haart’s housing market monitor has revealed.
The number of mortgages approved for new house purchase fell from 67,580 to 64,434 in May, partly reversing the strong increase from 61,385 in March.
Individuals using their pension freedom to drawdown money prior to retirement to pay off their mortgage early could find it more costly in the long run, LEBC Group has said.
A third of current homeowners looking to buy a bigger home in the next five years would find it difficult, research from MoneySuperMarket has claimed.
Dudley building society has launched a range of lifetime discounted rate products aimed at buyers and owners of listed buildings.
Buy-to-let lender Foundation Home Loans has updated its current buy-to-let prime offerings to include 3-year and 5-year fixed products.
New product launches and falling interest rates are masking a growing crisis in high loan-to-value mortgage lending, research from Genworth suggests.
Friday Friday, June 26, 2015 News
Halifax Intermediaries has reduced rates – and the lender will also refund the valuation fee on selected products.
Former e.surv directors Paul Trott and Malcolm Webb have launched a new surveying firm called Evaluate Surveyors.
Customers are still struggling to see mortgage advisers quickly in bank branches 14 months on from the introduction of the Mortgage Market review, Legal & General Mortgage Club's secret shopper survey has revealed.
The Stonebridge network has recruited Northern Ireland’s largest retail mortgage and protection broker The Mortgage Shop.
Leeds-based law firm Blacks Solicitors has reported double-digit growth in turnover and profit plus fifteen new staff appointments in the 2014/15 financial end of year statement.
Secured loan, bridging and commercial mortgage packager Blimey Loans is rebranding to The Lending Channel in early July.
One third (33%) of new lets were agreed before the existing tenant moved out in May 2015, stats from Countrywide have revealed.
The British Property Federation has created a committee that will focus on promoting the emerging build-to-rent sector to government and other stakeholders, including consumers.
Brokers rate a good business development manager only just shy of flexible underwriting from a lender, research has claimed.
SimplyBiz Mortgages will launch its second educational buy-to-let week on Friday 26 June.
The number of completed house sales in England & Wales fell 12% to 59,311 compared with 67,321 in March 2014, Land Registry figures for May showed.
Virgin Money is “actively looking” at how it can develop its systems to support paying brokers a procuration fee when clients remortgage from a Virgin deal to a Virgin deal.
Typical homebuyer deposits reached a post-recession peak of £72,300 in May 2015, Mortgage Advice Bureau’s National Mortgage Index has revealed.