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Analysis from Hometrack has revealed that NewBuy product rates are so high it costs consumers 25% more than renting.
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Santander UK has had its credit rating cut by Moody’s along with 16 other Spanish banks.
Nearly two thirds of parents fork out £38,903 to help their children buy their first home, research from PrimeLocation.com shows.
New seller asking prices failed to rise in May for the first time since Rightmove started its house price index 11 years ago.
Adam Posen will leave the Bank of England’s Monetary Policy Committee on 31 August ending his three year term.
Forensic medical consultants have ruled John Brian Sayers is "unfit to plead" over allegations of a £2.5m mortgage fraud, Chronicle Live reports.
The mortgage market will see less than £135bn gross lending this year and little growth next year and the year after, the Association of Mortgage Intermediaries forecasts.
Phil Riches has joined Mortgages for Business as business manager in the southern region for Keystone buy-to-let mortgages to support brokers and intermediaries with their clients’ funding applications.
Average rents in England and Wales rose by 0.5% to £709 per month in April reversing a three month decline, LSL Property Services data shows.
Nationwide Building Society is reducing its 2-year and 5-year fixed rates by 0.10% as well as lowering 5-year fixed rates on NewBuy deals from today.
Nigel Stockton, financial services director at Countrywide, claims without targets banks won't lend whether there's a crisis in Europe or not.
House building starts in England stood at 24,140 for the first quarter of 2012 down 11% from the final quarter of 2011, figures from the Department of Communities and Local Government reveal.
Searches for first-time buyer advice reached 39% in April up from 37% the previous month, figures from Unbiased reveal.
Searches for first-time buyer advice reached 39% in April up from 37% the previous month, figures from Unbiased reveal.
Ian Cornelius has been appointed to the board role of commercial director at Skipton.
TBMC has launched a 3.25% 2-year discounted buy-to-let deal available up to 60% loan to value with a flat fee and no early repayment charges.
The Financial Services Authority’s guidance on adviser and consultancy charging lacks clarity, research from Avelo reveals.
Having two financial services regulators will cost firms more than the existing structure, says a spokeswoman at the Financial Services Authority.
Tony Ward, chief executive of Home Funding and one of the mortgage market’s most respected economic commentators, has warned that Greece’s exit from the Euro will decimate the UK’s mortgage market.
Hinckley & Rugby has dropped rates on both of its 2-year discount mortgages cutting its 90% loan to value discount down from 4.85% to 4.64% and its 80% LTV deal down from 3.45% to 3.24%.
Skipton has launched a range of 2-year fixed rate and tracker buy-to-let products including a 2-year fixed rate at 3.89% to 60% loan to value and 2-year trackers from Bank Base Rate +3.69% at 70% LTV.
Housing associations, mortgage lenders and other organisations involved in shared ownership and shared equity will now be able to swap information on the Housing Hub.
Clydesdale and Yorkshire Banks have launched a fee free mortgage offer for first-time buyers taking a 95% or 90% loan to value mortgage saving £599.
The Bank of England has cut its growth forecast for this year to 0.8% from 1.2% and said inflation was likely to remain stubbornly high for the “next year or so”.
The British Insurance Brokers’ Association has appointed Deliotte to conduct a strategic review and has warned brokers about political pressure in Europe for mandatory disclosure.
V Loans is offering advisers who refer other intermediaries a cash kickback for the first four cases a referred intermediary completes.
Secured loan packager Promise Solutions says the creation of a Punjabi and Urdu speaking team has been invaluable to business development.
First-time buyers took out 24,000 loans in March, an increase of 74% compared to February and 57% higher than March 2011, figures from the Council of Mortgage Lenders reveal.
HSBC will now accept all solicitors with Law Society Conveyancing Quality Scheme accreditation to its conveyancing panel from August 2012.
UK lenders are being called upon to support the self build scheme following the housing minister’s announcement of a £30m short term finance fund for self build projects.
Principality group chief executive Peter Griffiths has announced that he will step down from his role at Wales' largest building society following the appointment of a suitable successor.
The average rate of a 90% loan to value mortgage has fallen steadily over the past five years to just 5.44% while the number of 90% deals has increased from just 76 in May 2009 to 299 today.
SimplyBiz Mortgages has appointed former NatWest regional sales manager Makayla Everitt as head of business development, reporting to SimplyBiz Mortgages chief executive Martin Reynolds.
A glut of first-time buyers pushed Scottish housing transactions up 15% in March, LSL Acadametrics reveals.
The Building Societies Association has published a toolkit to encourage lenders to offer self-build mortgage finance.
iState Systems has launched an app that will enable customers and advisers to send information and documents to lenders via mobile phone or tablet, cutting down on paperwork.
Former British Lion rugby player and film star Martin Bayfield will be speaking at the Association of Mortgage Intermediaries annual dinner.
Safe Home Income Plans has established a fraud working group to consider the impact of fraud on equity release and to further protect consumers.
Institutional investors are reluctant to put money into residential property because yields are around 1% less than in commercial property and say build to let is the push they need to commit their cash.
Which?, Moneysavingexpert.com and the British Bankers' Association, have written to Rt Honourable Kenneth Clarke calling for tougher regulation of claims management companies.
Low to middle income households were reliant on borrowing to fund much of their spending for more than a decade before the financial crisis, a new report for the independent think tank the Resolution Foundation shows.
Some 78% of advisers believe the Financial Services Authority and/or Government should lead publicity campaigns to raise public awareness of RDR.
Housing minister Grant Shapps has announced a £30m short-term finance fund for self build projects.
From tomorrow NatWest Intermediary Solutions will open its corporate range of products to around 200 directly authorised firms representing in the region of 1,000 individual brokers.
Technology provider Avelo has acquired mortgage sourcing system TrigoldCrystal.
Lloyds Banking Group and the Co-operative Bank have put forward a proposal to the Financial Services Authority involving the sale of Lloyds’ 632 “Project Verde” branches.
Total income at Ageas UK over the first quarter of 2012 reached £513.3m, up 11.1% on Q1 2011.
Adrian Cartwright has been appointed as business development manager for the central region at Connells Survey & Valuation.
Precise Mortgages has partnered with the National Association of Commercial Finance Brokers to promote higher standards in the residential bridging market.
Enness Private Clients has recruited John Charcol’s Shah Miah and David Habib to join its broking team.