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Industry News

NatWest and RBS apps up 38pc in H1

NatWest and RBS mortgage applications rose by 38% in the first six months of the year when compared to the same period last year.

LendInvest makes a splash

LendInvest has funded the multi-million pound redevelopment of Newcastle's Wet N' Wild water-park.

Properties selling in record time

Properties across Britain are now selling in a record breaking 88 days, some 16 days faster the last year, research from faster has Move with Us found.

Family Building Society and Genworth link up

Mortgage insurance product provider Genworth has linked up with the Family Building Society to help launch a low start mortgage.

Connells Group acquires Peter Alan

Connells Survey & Valuation has acquired Peter Alan, Principality Building Society’s surveying business.

Paradigm autumn roundtables set for London start

Paradigm Mortgage first autumn roundtable event will be taking place in Central London in September.

Lloyds launch cashback deals

Lloyds Bank has launched a number of new offers for customers either remortgaging or buying their first property with the lender.

Skipton profits hit £90m

Skipton Building Society has seen its pre-tax profits hit £90m in the first six months of 2014, an increase from £28.3m recorded over the same period a year ago.

Lloyds smashes first-time buyer targets

Lloyds Banking Group has exceeded its first-time buyer targets by lending £5.7bn to nearly 44,000 first-timers in the first six months of 2014.

eConveyancer floats stocks on AIM to widen its scope

eConveyaner’s floatation on the AIM London Stock Exchange on Monday has been welcomed by investors as it powers forward with its plans to launch a new comparison service via its platform in 2015, focusing on wills and probate as well as...

Santander lends £12.8bn

During the first half of 2014 Santander’s mortgage lending totalled £12.8bn, up from £7.9bn recorded the year before.

EXCLUSIVE: Fixing the housing market

With the appointment of a new housing minister, increasing intervention in the market by the government and Bank of England and major changes in pensions, plus an election, all within nine months, Brian Hall, founder of The Model...

House price growth slows to 10.6pc

House price growth has slowed to 10.6% year-on-year to July after recording an increase of just 0.1% from June, the Nationwide House Price Index has revealed.

Countrywide: Strongest first half performance in 7 years

Countrywide, the UK’s largest integrated property services group, has reported its strongest first half performance in seven years to the delight of shareholders.

TenetLime launch RBS exclusives

TenetLime have launched eight exclusive residential and buy-to-let products in conjunction with RBS Intermediary Partners.

Help to Buy 2 deposits shrink

First-time buyers are using the Help to Buy mortgage guarantee scheme with cheaper average deposits, data from the Mortgage Advice Bureau has revealed.

Double success for Buy to Let Club

Buy to Let Club is celebrating after a successful June which saw it join forces with two leading buy-to-let lenders.

FCA and PRA crackdown on senior bankers

Senior bank bosses will be held accountable for future scandals under Financial Conduct Authority and Prudential Regulatory Authority measures.

EXCLUSIVE: Improving the market by design

With the appointment of a new housing minister, increasing intervention in the market by the government and Bank of England and major changes in pensions, plus an election, all within nine months, Brian Hall, founder of The Model...

PTFS profits soar as Max predicts Wright on market

Personal Touch Financial Services' profits soared by 21% to £482,895 in 2013 with chief executive Max Wright predicting the mortgage market's growth would be geared almost entirely through the intermediary sector, writes Ryan...

SearchFlow unveils dinner line-up

SearchFlow has invited a number of high-profile industry figures to its Property Forum Dinner, which will include a Question Time-style panel debate.

Unmarried co-habiting couples lack protection

Unmarried couples living together are less likely to take out life insurance than when married, Santander Insurance has revealed, potentially risking their property.

Enterprise hires 5 BDMs

Specialist loans distributor Enterprise is adding five new business development managers to its growing team.

Smart Money to guide brokers on compliance

Smart Money is helping brokers to gain their full permissions for second charge advice with its compliance consultancy service.

Boulger: Income verification plan is 'nonsense'

Ray Boulger, senior technical manager at broker John Charcol, has poured cold water on suggestions from Equifax that that lenders should use automated income verification systems to retrospectively asses the expenditure of mortgage holders...

London council land can be used for extra 10,000 homes

An extra 10,000 homes could be built on unused land on London’s council estates, the Conservatives Gap In The Market report has claimed.

EXCLUSIVE: The case for changing the housing market

With the appointment of a new housing minister, increasing intervention in the market by the government and Bank of England and major changes in pensions, plus an election, all within nine months, Brian Hall, founder of The Model...

CML: Mortgage lending to top £200bn

The Council of Mortgage Lenders has revised its forecast for 2014 and now predicts that gross mortgage lending will top £200bn for the first time since 2008.

Precise Mortgages completes latest securitisation

Charter Court Financial Services, under its brand name Precise Mortgages, has completed its second securitisation (Precise Mortgage Funding 2014-1 PLC).

Coventry updates buy-to-let range

Coventry Intermediaries has launched a new range of fixed and flexx for term buy-to-let products.

Leeds collar corporate account manager

Mark Collar has joined the Leeds Building Society intermediary team as corporate account manager.

Homeowners remain confident

UK homeowners remain buoyant regarding the state of the property market with 92% expecting house prices to grow over the next six months, the Zoopla Housing Market Sentiment Survey has revealed.

BoE: Approvals up in June

June registered the first increase in mortgage approvals since the start of 2014, figures from the Bank of England have shown.

UK property overvalued by 10-30pc

Property in the UK is overvalued by anywhere between 10% and 30%, the International Monetary Fund has claimed.

Private tenants are ‘silver lining’ in cost of living crisis

Private renters are the one ‘silver lining’ in the cost of living crisis, property expert Kate Faulkner has claimed.

Untapped demand: Islamic mortgages

Despite Islamic mortgages being seen as an exciting and flourishing sector a decade ago demand for ‘home purchase plans’ is dampening, brokers have warned.

Leeds relaunches BTL range

Leeds Building Society has relaunched its range of short term fixed rate buy-to-let mortgages, with rates starting from 2.65%, writes Charlotte Lloyd.

EXCLUSIVE: Understanding the housing market

With the appointment of a new housing minister, increasing intervention in the market by the government and Bank of England and major changes in pensions, plus an election, all within nine months, Brian Hall writes to our policymakers...

Brokers have key role in FTB protection

Brokers have a key role to play in ensuring that first-time buyers protect their investment, Gary Duggan, CEO, Paymentshield has said.

SPECIAL FEATURE: Capacity not the only issue

Eddie Goldsmith, partner at Goldsmith Williams, responds to critics on the firm's decision to scrap broker introductions

Aegon strengthens protection team

Aegon has appointed a new distribution development director and a head of protection sales, writes Charlotte Lloyd.

Barclays slashes rates

Barclays has reduced its rates on fixed, tracker and offset mortgages in addition to offering two new ‘great escape’ products.

Rumours of new lender as Bob Young exits CHL

Rumours are rife that Capital Homeloans managing director Bob Young and other executive team members have stepped down to launch a new lender.

Cost of mortgages set to pinch

The cost of a mortgage is set to be double that of a homeowners disposable income by 2020, writes Charlotte Lloyd.

Outer London outperforms Prime Central

Property values in Outer London have increased by 4.3% in the three months to June compared to a rise of just 2.1% in Prime Central, Marsh and Parsons London Property Monitor figures have shown.

House prices up 6.4pc despite slowdown

House prices have increased by 6.4% annually to June although on a monthly basis the market has slowed down, the Land Registry House Price Index has revealed.

RBS revealed as worst bank for rate hikes

Royal Bank of Scotland and NatWest have been revealed as the worst banks for hiking mortgage rates over the past year, writes Charlotte Lloyd.

Virgin pays back government and creates 200 jobs

Virgin Money is creating 200 jobs and paying back £154.5m of the financing package issued by the government which was used to acquire Northern Rock in 2012.

Average rents rise 1pc

Private rents paid rose by 1.0% annually to June 2014, the Office for National Statistics has revealed.

Confidence divided in housing market

Confidence in the housing market is split with the public more optimistic about house sales but the outlook for the purchase market is at its lowest level since 2011, the latest quarterly Halifax Housing Market Confidence tracker reveals.

EXCLUSIVE: Why renting is such a bad idea

With the appointment of a new housing minister, increasing intervention in the market by the government and Bank of England and major changes in pensions, plus an election, all within nine months, Brian Hall writes to our policymakers...

Remortgage lending up 11pc

LMS latest figures reveal that the average remortgage loan has risen to £163,161 (a 5% increase from last month and 9% higher than June 2013), representing the largest amount ever recorded and a result of rising house prices.