Friday 18 April 2014 News
Thursday 17 April 2014 News
United Trust Bank has appointed Georgie Reisser-Weston as head of human resources.
The Moneyfacts Mortgage True Cost Index rose in April to 96.1, the third monthly rise in a row.
Metro Bank has launched an in-store online mortgage portal for both brokers and customers to access its resi and buy-to-let range.
Gross mortgage lending in March 2014 was a third higher than last year, Council of Mortgage Lender data shows,
AToM, (All Types of Mortgages), the specialist mortgage packager / distributor, has been awarded “Packager of the Quarter” by Precise Mortgages.
The Upper Tribunal has upheld the decision of the Financial Conduct Authority to impose a financial penalty of £80,000 on Amir Khan, director of Sovereign Worldwide, for dishonestly submitting false income details to a mortgage lender in...
The North West region had the highest repossession rate in the whole of England and Wales in 2013, data from e.surv chartered surveyors has revealed.
Darrell Walker has joined The Lending Wizard as head of intermediary distribution from Legal and General.
Better access to high loan to value mortgages is helping to keep deposit requirements in check despite rising house prices, the latest National Mortgage Index from Mortgage Advice Bureau has found.
Wednesday 16 April 2014 News
Leeds Building Society is launching a new build Help to Buy 2-year fixed rate mortgage at 2.50% with a £199 fee.
Nationwide has launched a HD video link service in over 60 branches to connect customers with mortgage consultants in the building society’s Northampton office.
Magellan Homeloans has appointed Jon Sturgess as its new head of sales.
Legal and General is launching a series of workshops around the UK to support advisers looking to offer business protection.
Mansfield Building Society has cut the interest rate from 4.99% to 4.39% on its Local Authority Mortgage Scheme, where first-time buyers can take out a 95% LTV mortgage at a lower rate.
Over a third of UK repossessions have been taking place in Northern England, research from the Charlbury Group has revealed.
Xit2 managing director Mark Blackwell is believed to be exiting the business following the group’s sale to the EDM Group,
Independent agent haart will sell over 300 homes by the Open House, a system which sees seller’s open their homes for buyers to look around the property.
The average house price in Scotland has climbed by £5,584 in last twelve months, the latest LSL Scotland House Price Index has revealed.
Tuesday 15 April 2014 News
More than three million people have used credit to pay their rent or mortgage – double the amount doing so in August last year, figures from the the Debt Advisory Centre show.
Jerrold Holdings, the secured lender to the residential and commercial property sectors, has completed an extension of its private securitisation programme, increasing the facility from £373m to £435m.
Simon Cockerill has been appointed regional sales manager for Nationwide’s East region.
House prices have increased by 9.1% on an annual basis to February 2014, latest data from the Office for National Statistics reveals today
The FCA is likely to crack down hard on second charge lending over the next two years after supervision of the sector moved under its jurisdiction earlier this month, bridging lender Fincorp has claimed.
Shawbrook Bank has appointed Matthew Woods to the role of junior sales executive on its commercial mortgages sales desk.
Brian Baker has joined Hope Capital as head of business development.
Secured lending was up by 51% year-on-year during the first quarter of 2014, the latest Secured Loan Index has revealed.
Master broker Access 4 Finance has added Precise Mortgages onto its lender panel for second charge loans.
Many Londoners will pack their bags and move to a commutable area outside of the city due to a widening price difference in housing, Ray Boulger, senior technical manager at John Charcol, has predicted.
Monday 14 April 2014 News
myhomemove will hold its annual conference on the 14 May 2014 at the National Motorcycle Museum in Solihull, West Midlands.
Skipton Intermediaries will instruct valuations in Scotland on receipt of a Full Mortgage Application after it reconsidered its valuation instruction process.
The Mortgage Market Review will keep a lid on the housing market, the EY Item Club has predicted.
Interest rates will hit 2.6% within the next three years, the EY Item Club has predicted.
Ahead of the Mortgage Market Review, which officially comes into place on 26 April 2014, the FCA has produced a short guide to explain the changes to borrowers.
Mortgage rates have seen mixed movement during the first three months of 2014, quarterly product data analysis from Mortgage Brain has revealed.
Scotland’s independence in-fighting could damage business if it follows the example of Quebec in Canada, a recent report has claimed.
Aviva has amended its critical illness procedure by altering the wording of its heart attack plan.
Online property data network xit2 has been acquired by EDM Group, the international information management company, for an undisclosed sum.
Specialist credit repair lender Magellan Homeloans is calling on the financial services industry to develop a Financial Awareness Course as an alternative to punishing borrowers who get into financial difficulties.
Mortgage Advice Bureau has recorded a record pre-tax group profit of £5.1m in 2013, an increase of 120% over 2012 (£2.3m).
In light of the flourishing housing market homeowners are encouraged to sell up in the next 12 months, the quarterly Halifax Housing Market Confidence Tracker has revealed.
Friday 11 April 2014 News
The early spike in house sales at Easter offers a huge opportunity for brokers to educate customers on contents and home insurance, says insurance provider Paymentshield.
TSB is offering £1,000 cashback on a selection of its high LTV mortgages.
Santander for Intermediaries has launched a fixed 5-year buy-to-let mortgage, while also reducing a range of its other products for landlords.
Market Harborough Building Society has appointed two new managers to cope with the increased demand for mortgages.
Lenders with delinquent loans are facing the prospect of fines from the Mortgage Market Review.
The Co-operative Bank has reported a loss of £1.3bn in 2013, after its bid to buy 632 Lloyd Bank branches fell through,
Vizolution and Santander were awarded a joint award for Best Use of Technology in Customer Service at the 14th FStech gala awards held at London’s Lancaster Hotel.
House prices have grown by £17,500 in just 12 months, the LSL/Acadata House Price Index has revealed.
Borrowers are taking out riskier mortgages, as there were 50% more high LTV mortgages issued in March 2014 than the year before, e.surv chartered surveyor has revealed.
The market has recorded a pre-MMR lull as lenders struggle to adapt to the new regulation, e.surv has revealed.