Todays Breaking News On Thursday Thursday, September 03, 2015
A broker will run France’s boozy Medoc Marathon next Saturday dressed in top and tails to raise money for the charity Epilepsy Action.
The housing market could see the rise of the silver landlord as two in five (37%) over-55 homeowners plan to buy a second property as a buy-to-let, development or for their relatives, research from Prudential has revealed.
Wednesday Wednesday, September 02, 2015 News
London based investment service Topland lent £100m worth of bridging loans in the first half of 2015.
Equity release specialist more 2 life has scrapped its £695 arrangement fee in response to feedback on its tailored choice products.
Financial Services Expo London will feature talks from the Association of Mortgage Intermediaries and the Financial Conduct Authority on 16 and 17 September as the industry returns to Old Billingsgate.
Personal Touch Financial Services announced the completion of its succession planning strategy, which began with the appointment of Jane Cross as the network’s new chief executive officer.
Martin Sims has joined HL Partnership as development director.
Al Rayan Bank has appointed a dedicated ‘intermediary specialist’ in Saalik Haleem as the bank looks to grow its intermediary channel.
Nottingham Building Society has joined the SimplyBiz Mortgages panel of lenders.
Fleet Mortgages has launched two products to 75% loan-to-value for sub-£150,000 loans with a lower completion fee.
The Association of Short Term Lenders has elected a new executive committee with representatives from Central Bridging, Amicus, Masthaven, Hope Capital and Roma Finance.
Hinckley & Rugby Building Society has cut its 2-year fixes from 4.59% to 4.29% to 95% LTV and from 3.14% to 2.95% to 90% LTV.
TFC Homeloans has partnered up with national brokerage Mortgageforce to enable its members to access specialist funding solutions.
LendInvest has rebranded with a new logo and redesigned website tailored for intermediaries.
Today’s date is the best time to sell homes all year based on a range of factors including the average time to sell and the weather, online estate agent eMoov.co.uk has claimed.
The government’s changes to high rate buy-to-let tax relief could be a stepping stone to a wider crackdown in the years ahead, Chase de Vere’s head of communications Patrick Connolly has warned.
Parents are moving into school catchment areas temporarily before moving out again once their child’s school place is secured, research from Santander Mortgages suggests.
Tuesday Tuesday, September 01, 2015 News
Leeds Building Society has launched a 5-year fixed rate at 3.34% to 85% loan-to-value with no product fee.
Bank of Ireland for Intermediaries has partnered with Sesame Network as it rolls out its proposition to the UK intermediary mortgage market.
The government should incentivise long-term funding for medium sized businesses to boost economic growth, a joint report from the Confederation of British Industry (CPI) and accounting company BDO International concludes.
Mortgage approvals reached a post-Mortgage Mortgage Market Review high in July as the market continued to stabilise after the general election and rates remained low, statistics released by Bank of England revealed today.
Dudley Building Society has challenged brokers to send in turned down or challenging residential enquiries.
Darlington-based i2i Financial Planning Group has joined the mortgage and insurance network Stonebridge Group as an appointed representative firm.
Boost Capital, the alternative SME lender, has appointed Alexander Littner as its UK managing director.
Keystone has launched into bridging with a selection of loans aimed at landlords looking to finance auction purchases, refinances and refurbishment projects.
Accord Mortgages has launched a range of buy-to-let mortgages with no product fee between 60% and 75% loan-to-value.
HMO buy-to-lets would still be profitable with a 3% interest rate rise unlike standard buy-to-lets, analysis from Platinum Property Partners suggests.
Typical remortgage loans reached a record high of £170,000 in July as homeowners cashed in on rising property prices, the Mortgage Advice Bureau’s National Mortgage Index has revealed.
Monday Monday, August 31, 2015 News
Friday Friday, August 28, 2015 News
The fact that brokers are flexible about how and when they deal with clients is helping them swipe mortgage distribution away from bank branches, MAB's Brian Murphy has suggested.
House prices rose by 4.6% annually to July 2015 led by an 8.9% increase in the East of England, Land Registry data has revealed.
The Equity Release Club is hosting a selection of autumn roadshows designed to support advisers looking to advise on later life products sponsored by the Later Life Academy.
Complaints against Nationwide Building Society have fallen by a third (35%) since last year led by a drop in payment protection insurance cases, the society has announced.
Mortgage brokers said they are conducting more cases than at any time since 2008 in the second quarter of 2015, The Halifax Intermediaries Broker Confidence Tracker has found.
Across its 10-year fixed range TSB has cut its high loan-to-value products and raised its low loan-to-value rates.
Coventry for intermediaries has reduced the rates on residential fixed rate mortgages from 65% to 90% loan-to-value.
NatWest Intermediary Solutions has appointed a phone-based business development manager in Alex Witham.
First-time buyer sales hit a post-recession high of 29,700 in July as buyers took advantage of low rates, the First Time Buyer Tracker from Your Move and Reeds Rains has found.
Thursday Thursday, August 27, 2015 News
NatWest is increasing its 60% loan-to-value residential rates by between 0.06% and 0.14%.
Barclays has cut rates across its fixed rate range and introduced four new fixed rate deals starting from 1.53% for a 2-year deal up to 60% loan-to-value with a £999 fee up to £1m.
Specialist mortgage club The Buy-to-Let Club is to hold four buy-to-let events this Autumn to give brokers the knowledge to drive more and better business.
The imminent prospect of a base rate rise led to a 5% monthly demand surge for homes in July while the supply of property nosedived 15% annually, Haart estate agents claim.
Just over half a million people in the UK intend to use all or part of their pension to help repay their mortgage balance, reveals new research from specialist insurer Partnership.
The number of available private rented properties rose in July, according to the Association of Residential Letting Agents.
Nationwide has reported that annual UK house prices rose by 3.2% in August 2015 from a year earlier, down from 3.5% a month earlier, and the slowest rate of growth since June 2013.
Connect Mortgage Club has launched semi-exclusive range of buy-to-let products through its partnership with Marsden Building Society.
Wednesday Wednesday, August 26, 2015 News
Legal & General Mortgage Club has launched a Mortgage Credit Directive guide and matrix explaining what it means to brokers and to keep them informed of regulatory announcements ahead of new rules coming into force on March 2016.
New CML data on the characteristics of lending in Greater London in the second quarter of 2015 show home-owner house purchase activity came out of the traditional seasonal dip to show growth in the second quarter by volume and value, but...
Precise Mortgages has refreshed its entire range of residential second charge loan products.
Paradigm Mortgage Services has secured a number of product exclusives from Virgin Money exclusively available for members of network, Caerus Financial.
Mortgage approvals numbers in July were 15% higher than a year ago, with house purchases rising 11% and remortgaging nearly 29% up – its highest level for 4 years – as borrowers continue to lock in to fixed rates to maintain control of their...
Commercial Trust has selected MortgageBrain Classic as its preferred mortgage sourcing technology solution.
Spain is the most popular destination for Brits buying abroad, the Property Hotspots Report from foreign exchange broker HiFX has revealed.