Todays Breaking News On Monday Monday, October 20, 2014
SortRefer has increased its activity in Scotland by launching a conveyancing package for Scottish remortgage business.
New buy-to-let and specialist lender Fleet Mortgages has added Legal & General Mortgage Club to its distribution panel.
Gross mortgage lending slowed to £17.8bn in September - 1% lower than the £18bn recorded in August, the Council of Mortgage Lenders has revealed.
Clydesdale and Yorkshire has launched a range of ‘pay your mortgage for a month’ products which offer cashback covering one monthly repayment.
A mortgage price war has erupted on the high street as global economic uncertainty continues to push down the cost of borrowing to record lows.
Consumer confidence in the economy has fallen in September, the Lloyds Bank Spending Power Report has revealed.
Rents have London increased by £188 in the third quarter of 2014 to reach an average of £2,452 per month, research from Move with Us has found.
Friday Friday, October 17, 2014 News
Berkeley Alexander has appointed two business development managers.
Virgin Money has delayed plans to float on the London Stock exchange until after October when ‘constructive market conditions allow’.
Santander has reduced rates on a selection of its fixed rate mortgages and released two new fee-free trackers.
Interest rates are likely to stay lower for longer due to the UK’s economically weak state, Bank of England chief economist Andy Haldane has said.
Teachers Building Society has introduced a 95% LTV mortgage exclusive to National Union of Teachers members.
The proportion of homebuyers opting for a fixed rate mortgage fell to the lowest recorded level in nearly two years in September, the National Mortgage Index from the Mortgage Advice Bureau has revealed.
Three in five (60%) homebuyers and sellers have encountered problems with their estate agent over the last five years, a National Association of Estate Agents report has revealed.
Second steppers must find an extra £58,000 to fund the move to their second home, the fourth annual Second Steppers Report from Lloyds Bank has revealed.
More than half (55%) of intermediary mortgage lenders and two in five brokers (40%) expect the Bank of England’s Financial Policy Committee to intervene with the market further, research by the Intermediary Mortgage Lenders Association has...
Thursday Thursday, October 16, 2014 News
The Labour Party has unveiled plans to build 200,000 new homes per year by 2020.
More than two in five (42%) online users search for and complete financial transactions on mobile devices such as smartphones and tablets, Unique Digital/YouGov research has revealed.
The latest Apprentice house is worth £15.5m compared to the Xfactor’s £2.5m mansion, as valued by eMoov.co.uk.
Payday loans account for 62% of the high interest credit taken out by the under-25s, Citizens Advice has revealed.
Unemployment has recorded its greatest annual fall since records began 40 years ago, figures from the Office for National Statistics have revealed.
The Chartered Institute of Housing has appointed Annie Mauger as executive director from February.
London needs a long-term housebuilding strategy to sustain the required levels of property construction going forward, Jamie Ratcliffe of the Great London Authority official has urged.
The UK housing market won’t normalise until the end of the decade at least, Christine Whitehead, professor of housing economics at the London School of Economics, has said.
Wednesday Wednesday, October 15, 2014 News
TMA has launched an interactive calculator for brokers to compare the value of its mortgage club.
Which? Mortgage Advisers has joined the Magellan Homeloans distribution panel, enabling its advisers to use Magellan’s specialist credit repair mortgages.
Virgin Money plans to go ahead with its flotation on the London Stock Exchange despite Aldermore’s cancellation this morning.
The housing crisis is the most important issue the country currently faces, David Lammy, MP for Tottenham, has claimed.
New specialist lender Fleet Mortgages has agreed distribution agreements with six firms ahead of its launch in mid-November.
The UK’s leading conveyancers are meeting in Leeds today to discuss key issues including money laundering and fracking.
Half of over-40s believe they will still be repaying their mortgage (31%) or paying rent (20%) when they retire, research from specialist insurer Partnership has revealed.
Leeds Building Society is refreshing its range of 5-year fixed rate mortgages at 80% and 85% loan to value.
Challenger bank Aldermore has cancelled its plans to float on the London Stock Exchange after a recent slump in the global markets.
Specialist mortgage distributor TFC Homeloans has launched a new conveyancing service with RG Solicitors.
Those who hope to own their home outright at some point need to start saving in before 25 if they are to have a serious chance of achieving their goal, a Lloyds Bank study has found.
After staying high and steady for the last year consumer confidence in the housing market has fallen to its lowest level in 12 months, the latest quarterly Halifax Housing Market Confidence Tracker has revealed.
Millions of families could be putting their financial futures at risk as the number living in rented accommodation grows, a study from Aviva has revealed.
Tuesday Tuesday, October 14, 2014 News
East London is driving the UK’s house price surge thanks to cultural and economic transformations in areas like Shoreditch and Hackney, Andrew Bridges, managing Stirling Ackroyd, has claimed.
Nationwide has reduced rates on its 95% LTV ‘Save to Buy’ mortgages.
A NatWest business development manager has completed a gutsy skydive to raise over £300 for the charity Spinal Injuries.
A former Virgin Atlantic pilot has been jailed for 14 years for drawing out £30m of bogus mortgages on other people’s homes with 14 lenders including RBS and Northern Rock.
Paymentshield has added Zurich to its home insurance panel to broaden its proposition.
Three equity release experts will school advisers on marketing at the Bridgewater Equity Release Advice Masterclass event in Bristol next month.
The UK’s annual inflation rate has fallen to 1.2% in September from 1.5% the month before, the Office for National Statistics’ Consumer Price Index has revealed.
Shawbrook’s commercial mortgages division has now passed £1bn in lending to SMEs and professional property investors.
House prices inflated by 11.7% annually to August – the same figure recorded in July, the ONS House Price Index has revealed.
Mortgages saw the highest rate of fraudulent applications compared to all financial products in August, Experian research has revealed.
Two buy-to-let heavyweights have defended the sector after GoCompare research revealed that 14% of adults blame buy-to-let landlords for the lack of affordable housing in the UK,
Monday Monday, October 13, 2014 News
Property price inflation has stayed in line with a number of other expenses including cinema tickets over the last 40 years, research from eMoov.co.uk has found.
Vantage Finance has completed a 10-day cycle challenge to raise £3,100 for The Brain Tumour Charity.
A quarter (26%) of adults feel the UK is now a two-tier society of property haves and have-nots, Gocompare.com research has revealed.
Bank of England Governor Mark Carney has hinted that a 2014 base rate rise may be too soon due to a 'modest global recovery'.
Self-employed borrowers are poorly catered for by financial services despite having a growing role in everyday life, Kensington has warned.
Four in five sellers are overestimating the value of their homes due to media reports of housing bubbles and inflating property prices, research from Move with Us has revealed.
The Financial Conduct Authority has amended 61% more financial promotions over the last year compared to the one before, research from Bovill has revealed.
Mick Cairns, insurance director at The Source Insurance, on one in five UK householders admitting to having lied or withholding information when applying for home insurance.
Tesco has launched its first ever 90% LTV mortgage range with a selection of 2, 3 and 5-year fixed rate products.
Accord has launched a selection of 5-year fixed rate mortgages at 65% LTV and refreshed its higher LTV range.
Key Retirement Solutions is rebranding as Key Retirement with two distribution divisions focusing on retirement lending and wealth and retirement options.