Sue Anderson, head of member and external relations at the Council of Mortgage Lenders, says the media has run the risk of clouding the debate on living options for those in retirement.
Funding Circle has said its investors have lent more than £100m of property finance loans.
The Bank of England’s Monetary Policy Committee has voted by eight to one to hold interest rates at the historic low of 0.5%.
Tesco Bank has cut rates and is now offering a 2.29% rate fixed for two years up to 90% loan-to-value with £1,300 product fee.
Sesame and PMS have launched an exclusive residential fixed rate product up to 90% loan-to-value via the Cambridge Building Society.
The number off sales per surveyor has stagnated, hovering at between 18 and 20 for the past year, figures from the Royal Institute of Chartered Surveyors show.
Dragonfly has hired Mitesh Patel as a credit analyst and Linda Johnson as a servicing manager as it builds on its appointments from last month.
Nottingham Building Society has extended its 95% loan-to-value first-time buyer offering nationwide.
Last month was the strongest September for home sales since 2007 courtesy of a Northern surge, the LSL Property Services/Acadata House Price Index has revealed.
The housing market looks set for a stronger autumn after new listings rose by 9.1% from August to September, data from online estate agent HouseSimgle.com has found.
Nationwide is reducing selected fixed-rate mortgages across its range by up to 0.45%.
David Cameron has announced a relaxation of planning regulations to help first-time buyers get onto the housing ladder, in his speech to delegates at the Conservative Party Conference today.
Barclays will stagger its MCD implementation to manage technology failures after the lender’s systems stuttered when the MMR was introduced last year, its policy and regulatory manager Tony Fullbrook has said.
The Financial Conduct Authority has launched a ‘Call for Inputs’ on competition in the mortgage sector.
Vicky Redwood, chief UK economist at Capital Economics, is unfazed by the prospect of a Brexit if the UK votes to leave the European Union in its upcoming referendum.
A number of developers are understood to be aligning themselves with third party mortgage providers ahead of the Mortgage Credit Directive in a bid to avoid having to apply for FCA authorisation.
Borrowers who took discounted rates on interest-only or sub-prime deals before the credit crunch have failed to understand their financial implications, new research has revealed.
The Building Societies Association and the School of Business and Economics at Loughborough University are offering a masters programme geared for those who work in a mutual financial services firm.
The government should provide incentives to downsize and free up land in suitable areas to build housing that older people actually want to live in rather than suggest people move their parents in with them, an expert has said.
House prices in the three months to September were 8.6% higher than in the same three months a year earlier, figures from Halifax claim.
The Financial Conduct Authority and the Prudential Regulation Authority have published new rules in relation to whistleblowing.
To meet the demand for increased capacity and member accessibility, the Personal Finance Society has switched from a single 2015 conference to four national financial planning symposiums.
Teachers Building Society has lowered the rates on some of its low deposit mortgages and made its 95% LTV mortgage available to all teachers in England and Wales.
Shawbrook Bank has launched into the regulated bridging market with loans starting from 0.59% to 70% loan-to-value.
Bank of Ireland and the Post Office have confirmed they will no longer accept applications from borrowers with income in a foreign currency.
The government will sell off £2bn of shares to retail investors next spring as it looks to completely exit the bank it bailed out for £20.5bn in 2008.
Brokers attending Mortgage Business Expo tomorrow in London will have the chance to quiz specialist bridging lenders face-to-face about their gripes during a live debate.
Shawbrook Bank hosted two partner events on 23 and 30 September in Derby and London.
Paul Darwin, Skipton Intermediaries’ head of intermediary relationships will talk about the society’s Mortgage Credit Directive plans on Wednesday as part of the Mortgage Business Expo.
Mortgage Intelligence will host three live events in November for brokers wishing to improve business development.
Ian Henderson has quit his role as Kensington CEO after just over a year to join Secure Trust Bank with immediate effect.
Complying with regulation and upgrading tech systems are the greatest challenges mortgage lenders face, brokers say.
LendInvest has hired Roy Armitage as head of credit from Kensington Mortgages.
Key Partnerships has grown its adviser count by 13% in the last three months – meaning 6,000 have now signed up to the equity release referral service.
Pepper Homeloans has launched a residential 2-year tracker at 1.99% to 75% loan-to-value.
Two thirds (68%) of Brits expected house prices to rise in the next 12 months in the third quarter of 2015, the Halifax Housing Market Confidence Tracker has revealed.
London’s house prices will stay at the same level for the next five years, Savills research analyst Edward Green predicted at the Association of Short Term Lenders Conference 2015 last week.
Some advisers have placed an over-reliance on point of sales technology rather than considering customer needs when giving advice, The Financial Conduct Authority has said.
Shawbrook has appointed Santander’s former executive director and head of UK banking Steve Pateman as group chief executive subject to regulatory approval.
Paragon Bank has agreed to acquire specialist SME lender Five Arrows Leasing Group for £117m.
Fraudsters see short-term lenders as soft targets who fail to do their homework on borrowers, The Law Society were said to believe.
Consumers buying leasehold flats are soon set to see the benefit of a new Leasehold Property Enquiries form, experts said yesterday.
The UK would require a dictatorship to solve the UK housing crisis by utilising all of its spare rooms, Vince Cable, the former secretary of state for business, innovation and skills, has said.
The government looks set to compromise on its policy forcing housing associations to sell properties to tenants under an extension of the Right to Buy scheme later this week.
Vince Cable has backed Chancellor George Osborne’s move to tighten up mortgage tax relief for buy-to-let landlords – and he expects the government to further strip landlords of tax incentives from 2020.
Mortgage Business Expo opens its doors next Wednesday to a whole host of lenders plus seminars that create a forum to focus on the framework for implementing MCD regulation.
The Property Ombudsman scheme today issued amended and updated versions of all its Codes of Practice for UK and Scotland in order to support the introduction of new legislation that has come into force within the last 12 months.
Skipton International has completed 200 UK mortgages for British expats enabling them to realise their dreams of owning buy-to-let property in the UK.
Mortgage lenders could shave two days off the loan to offer time by partnering with bank account aggregators such as OnTrees and eWise, Henry Woodcock, principal mortgage consultant at IRESS, has said.
Police have confirmed they are investigating alleged irregularities relating to the purchase of property on behalf of the Scottish National Party’s Edinburgh West MP Michelle Thomson.
Brokers are transacting 78% of all mortgage business as lenders turn to intermediaries to cope with strong consumer demand, the IRESS Mortgage Efficiency Survey 2015 has found.
Mortgage Force Scotland and Edinburgh Mortgage Advice received special commendation at this month’s Mortgage Force annual awards.