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Industry News

Buy-to-let celebrates 18-year milestone

The buy-to-let sector is celebrating 18 years since its inception today.

MortgageBrain launches Anywhere

Mortgage Brain has launched MortgageBrain Anywhere which allows advisers to use its sourcing software on multiple devices.

NatWest hires six BDMs

NatWest has appointed six business development managers, with two operating in the field and the other four over the phone.

Blacks scoops Yorkshire Legal Awards prize

Blacks Solicitors has won the ‘Residential Property Award’ at the Yorkshire Legal Awards held at New Dock Hall, Leeds.

Brightstar expands team

Brightstar has appointed Nicholas Christofi as a business consultant for its commercial team.

Carney investigates Bank of England crash

Bank of England Governor Mark Carney has launched an investigation into yesterday’s system crash which put all mortgage transactions on hold.

September slowdown reflects market uncertainty

September’s slowdown in mortgage lending reflects wider uncertainty in the market, Charles Haresnape, managing director, mortgages and commercial lending at Aldermore, has said.

One in three have problems with wills

One in three families and friends find it difficult to trace all the assets left in wills, research from willsandassets.co.uk has revealed.

Equity release lending breaks £1bn barrier

The value of equity release lending has surpassed £1bn for the first nine months of 2014, figures from the Equity Release Council have revealed.

BoE fixes technical fault

The Bank of England has fixed the technical issues which halted mortgage transactions this morning.

BoE technical fault halts mortgage transactions

Mortgage transactions are on hold due to a technical issue at the Bank of England.

South East set for 5-year boom

The South East of England will see house prices inflate more than any other area over the next five years, Rightmove and Oxford Economics have forecast.

SortRefer launches Scotland conveyancing package

SortRefer has increased its activity in Scotland by launching a conveyancing package for Scottish remortgage business.

EXCLUSIVE: Fleet Mortgages adds L&G to panel

New buy-to-let and specialist lender Fleet Mortgages has added Legal & General Mortgage Club to its distribution panel.

Panacea Adviser upgrades website

Panacea Adviser has upgraded its website with a range of services and features.

Mortgage Intelligence signs up Metro to panel

Mortgage Intelligence has appointed Metro Bank to its panel of lenders.

CML: September lending slows

Gross mortgage lending slowed to £17.8bn in September - 1% lower than the £18bn recorded in August, the Council of Mortgage Lenders has revealed.

Clydesdale and Yorkshire launches mortgage range

Clydesdale and Yorkshire has launched a range of ‘pay your mortgage for a month’ products which offer cashback covering one monthly repayment.

Price war heats up as Barclays slashes rates

A mortgage price war has erupted on the high street as global economic uncertainty continues to push down the cost of borrowing to record lows.

HSBC unveils 0.99pc mortgage

HSBC has launched its lowest ever mortgage rate at 0.99% for up to 60% loan to value.

Consumer confidence drops

Consumer confidence in the economy has fallen in September, the Lloyds Bank Spending Power Report has revealed.

London rents rocket in Q3

Rents have London increased by £188 in the third quarter of 2014 to reach an average of £2,452 per month, research from Move with Us has found.

Berkeley Alexander hires two BDMs

Berkeley Alexander has appointed two business development managers.

Virgin Money delays flotation plans

Virgin Money has delayed plans to float on the London Stock exchange until after October when ‘constructive market conditions allow’.

Santander refreshes range

Santander has reduced rates on a selection of its fixed rate mortgages and released two new fee-free trackers.

BoE: Interest rates to stay lower for longer

Interest rates are likely to stay lower for longer due to the UK’s economically weak state, Bank of England chief economist Andy Haldane has said.

Teachers launches NUT 95pc LTV exclusive

Teachers Building Society has introduced a 95% LTV mortgage exclusive to National Union of Teachers members.

Fixed rate popularity falls

The proportion of homebuyers opting for a fixed rate mortgage fell to the lowest recorded level in nearly two years in September, the National Mortgage Index from the Mortgage Advice Bureau has revealed.

Labour unveils 200,000 housebuilding plan

The Labour Party has unveiled plans to build 200,000 new homes per year by 2020.

SPECIAL FEATURE: The long wait is nearly over

Eric Curran, managing partner of DM Hall Chartered Surveyors, looks at the Scottish government’s Home Report review and finds it still has some questions left to answer.

60pc have problems with estate agents

Three in five (60%) homebuyers and sellers have encountered problems with their estate agent over the last five years, a National Association of Estate Agents report has revealed.

Second steppers need £58,000

Second steppers must find an extra £58,000 to fund the move to their second home, the fourth annual Second Steppers Report from Lloyds Bank has revealed.

Industry braced for BoE intervention

More than half (55%) of intermediary mortgage lenders and two in five brokers (40%) expect the Bank of England’s Financial Policy Committee to intervene with the market further, research by the Intermediary Mortgage Lenders Association has...

Mobile transactions on the rise

More than two in five (42%) online users search for and complete financial transactions on mobile devices such as smartphones and tablets, Unique Digital/YouGov research has revealed.

The Apprentice house is streets ahead of the X Factor

The latest Apprentice house is worth £15.5m compared to the Xfactor’s £2.5m mansion, as valued by eMoov.co.uk.

Young people turning to payday loans

Payday loans account for 62% of the high interest credit taken out by the under-25s, Citizens Advice has revealed.

Unemployment sees steepest fall in 40 years

Unemployment has recorded its greatest annual fall since records began 40 years ago, figures from the Office for National Statistics have revealed.

TMA launches mortgage club calculator

TMA has launched an interactive calculator for brokers to compare the value of its mortgage club.

CIH appoints executive director

The Chartered Institute of Housing has appointed Annie Mauger as executive director from February.

London requires long-term housing strategy

London needs a long-term housebuilding strategy to sustain the required levels of property construction going forward, Jamie Ratcliffe of the Great London Authority official has urged.

Housing won’t normalise until 2020

The UK housing market won’t normalise until the end of the decade at least, Christine Whitehead, professor of housing economics at the London School of Economics, has said.

Which? joins Magellan Panel

Which? Mortgage Advisers has joined the Magellan Homeloans distribution panel, enabling its advisers to use Magellan’s specialist credit repair mortgages.

Virgin to press ahead with flotation

Virgin Money plans to go ahead with its flotation on the London Stock Exchange despite Aldermore’s cancellation this morning.

Housing crisis is the nation’s greatest challenge

The housing crisis is the most important issue the country currently faces, David Lammy, MP for Tottenham, has claimed.

Fleet Mortgages confirms distribution

New specialist lender Fleet Mortgages has agreed distribution agreements with six firms ahead of its launch in mid-November.

Conveyancing Association kicks off workshop

The UK’s leading conveyancers are meeting in Leeds today to discuss key issues including money laundering and fracking.

Half of over 40s expect to pay mortgage in retirement

Half of over-40s believe they will still be repaying their mortgage (31%) or paying rent (20%) when they retire, research from specialist insurer Partnership has revealed.

Leeds refreshes 5-year range

Leeds Building Society is refreshing its range of 5-year fixed rate mortgages at 80% and 85% loan to value.

Aldermore scraps float plan

Challenger bank Aldermore has cancelled its plans to float on the London Stock Exchange after a recent slump in the global markets.

TFC Homeloans launch conveyancing service

Specialist mortgage distributor TFC Homeloans has launched a new conveyancing service with RG Solicitors.

East London drives housing market

East London is driving the UK’s house price surge thanks to cultural and economic transformations in areas like Shoreditch and Hackney, Andrew Bridges, managing Stirling Ackroyd, has claimed.

Nationwide slashes ‘Save to Buy’ rates

Nationwide has reduced rates on its 95% LTV ‘Save to Buy’ mortgages.