Regulatory changes from the Mortgage Market Review could reverse the trend of booming second charge business, Keith Aldridge, principal of Capital Bridging Finance, warned.
The short-term lending industry could be sowing the seeds of disaster if competition drives interest rates too low, Colin Sanders, chief executive officer of Omni Capital, has warned.
Legal and General’s MMR matrix has been updated.
Those in the ‘squeezed middle age’ bracket have the biggest need of financial advice, the Equity Release Council has said following a report from think tank International Longevity Centre-UK.
Help to Buy is going as planned, a report from the National Audit Office said.
The Bank of England’s Monetary Policy Committee has once again elected to hold interest rates at 0.5%.
A series of mortgage, protection and general insurance road shows across the UK will be hosted by Openwork, focusing on the implications of the Mortgage Market Review.
Precise Mortgages has relaunched its entire buy-to-let product range for brokers and landlords.
House prices climbed 2.4% in February alone; an eleventh monthly increase in 12 months, the Halifax House Price Index has revealed.
The Financial Services Expo, organised by Front Events, is now open for visitor registration.
Rates are beginning to rise on some mortgages in preparation for the Bank of England rate finally rising from 0.5%, where it has stood for five years.
A shortlist of developments in London, Manchester, Liverpool and Kirklees has been published, all of which could benefit from the £1bn Build to Rent Fund.
People are struggling to cope with lower pay and higher bills, GMB said based on data from the Office for National Statistics.
Generations of Australians are facing a “lifetime of renting”, a report by Credit Suisse revealed.
Leeds Building Society has launched a new 2-year tracker mortgage with a base rate of +2.49%, rather than the current 2.99%.
Santander for Intermediaries has reduced rates on trackers, including a Help to Buy tracker and its bank exclusives.
Keeping interest rates at a historic low for the past five years has boosted the housing market, yet it has also damaged savers, it was argued.
The Chancellor of the Exchequer George Osborne has been called upon to focus on the supply of homes and mobility in the property market ahead of the 2014 budget announcement.
Omega Commercial is partnering with Oliver Rae Associates, the specialist property capital allowances services provider.
SMEs should stop relying on banks for funding in the current risk averse climate and instead look for alternative options, Scott Fletcher, founder of Cloud specialists, ANS Group, said.
Residential development finance lender The Business Lending Group has expanded its team with the recruitment of four new employees.
Home businesses could save up to £1,000 by tightening finances on expenses that apply to almost all small businesses, data from housing insurer AXA Business Insurance has revealed.
Over a third of 18-34 year-olds fail to take out home contents insurance, research from esure has revealed.
Legal & General Mortgage Club will be GE Money Home Lending’s exclusive route to market for Directly Authorised firms.
Online invoice trading platform MarketInvoice has become the latest member of the Peer-to-Peer Finance Association.
Equity release provider Newlife has upgraded its standard Lump Sum Lifetime Mortgage to a new gold edition, combining higher loan to value advances and low interest rates.
Keeping vigilant with an accurate inventory can hold the key to renters receiving their deposit back at the end of their tenancy, the Association of Residential Letting Agents said.
Customers of any occupation in Wiltshire will now be able to take advantage of Teachers Building Society’s mortgage product range.
Some 43% of financial services firms plan to take on apprentices in the next five years while 20% of SMEs intend to in the next 12 months, National Apprenticeship Week research has revealed.
The Financial Conduct Authority has revised its Regulated Activities Order following campaigning from the Association of Mortgage Intermediaries.
Wesleyan Assurance Society has been named as one of the UK’s top performers for customer satisfaction at the UK Customer Satisfaction Awards.
Prospective sellers must be encouraged to come into the market to prevent the housing market overheating, Aldermore and Countrywide warned.
Halifax has offered to pay the full stamp duty bill for first-time buyers purchasing properties up to the value of £250,000.
The Financial Conduct Authority’s measures to regulate payday lending are flawed, Peter Tutton, head of policy at Stepchange, claimed.
Mortgage approvals for new house purchases climbed to their highest level since November 2007, the Bank of England has revealed.
Building societies used the Funding for Lending scheme to increase their loan stocks in contrast to all other lenders, the Bank of England has revealed.
Over £18bn was drawndown from Funding for Lending Scheme during its final four months, figures released by the Bank of England have revealed.
Uinsure has launched a new Defaqto 5-star rated home insurance product, meaning it is recognised as one of the highest quality products on the market.
Scotland is set to hold its largest mortgage and finance exhibition for the intermediary market since the start of the financial crisis later this month.
Repossessed homes are being sold above valuation expectations by an average of 5% in the UK, the Charlbury Group has revealed.
‘The Buy to Let Business Mortgage Club’ are rebranding as ‘Buy to Let Club’.
The National Association of Commercial Finance Brokers has appointed Shawbrook Bank as its principal sponsor for 2014.
BM Solutions has launched a new range of 2-year fixed rate products targeted at loans between £150,000 and £250,000, available for both purchase and remortgage customers.
Magellan Homeloans has said that the response it has received from both brokers and distributors to its new mortgage range and lower pricing has exceeded its expectations.
All exhibitor stands are now sold out for the NACFB’s annual Commercial Finance Expo.
House price rose across more than half the country in February 2014 as the housing recovery spreads, the latest National Housing Market Survey from Hometrack has found.
The average first-time buyer purchase price climbed 16% over the year to January 2014, hitting a record high of £155,832, the latest First Time Buyer Tracker from LSL Property Services has found.
Coventry Building Society saw new mortgage lending grow by 16% to £5.9bn during 2013 as it lent the equivalent to 19% of all net mortgage lending in the UK, the Coventry’s annual results reveal.
The average price of a property in England and Wales stood at £168,356 in January following a 4.2% annual increase, the latest Land Registry House Price Index has shown.
The CML has welcomed the formal publication of the European Union’s mortgage credit directive but has called for a speedy UK consultation on its implementation.
Old Mutual Wealth, comprising Skandia and Old Mutual Global Investors, acquired Intrinsic the UK’s largest network of restricted and independent financial advisers.