FEATURED NEWS

First-time buyer mortgages down 3.6% year-on-year

14th August 2018

There were 34,900 new first-time buyer mortgages completed in June, some 3.6% fewer than in the same month a year earlier, UK Finance’s Mortgage Trends Update for June has found.

Michael Dean: Market could be set for a downturn

August 14, 2018

The property market has the potential for a downturn, Michael Dean, principal and co-founder of Avamore Capital has claimed.

Virgin Money renews AVM partnership with Hometrack

August 14, 2018

Virgin Money has renewed its licence with property analytics business Hometrack, securing delivery of Automated Valuation Model (AVM) services for the next three years.


News

Vida offers brokers the chance to give their local community a helping hand

August 14, 2018

Vida Homeloans is marking the launch of its helping hand mortgage by offering mortgage brokers the chance to help a local school, community centre, charity or social/sports club improve its facilities in some way.

The Tipton & Coseley extends lending criteria for older borrowers

August 14, 2018

The change is designed to complement its existing range of later life products, by allowing lending against properties that apply age restrictions. Lending against retirement properties is now available through the Tipton’s later life products, which includes its retirement interest-only (RIO) mortgage.

More customers looking at fixed-term deals

August 14, 2018

There’s been a jump in consumers shopping for fixed-term deals after the base rate rise to 0.75%, analysis by Experian has found. 

Blogs

Paul Hunt

Where’s Jim White?

Like Levy, trust the plan and the messages/style that has been developed and take your time to develop the plan, it will be worth it.

Mortgage Introducer

Short-term lets are here for the long haul

Buy-to-let lenders prefer the security of a tenant on an assured shorthold tenancy

Editor’s Pick



Brightstar launches later life lending service

August 14, 2018

Brightstar Financial has launched a later life lending service for brokers through a partnership with Sentry Lifetime.

Brits concerned about the quality of new build homes

August 14, 2018

Nearly a quarter (24%) of people considered a lack of quality of build to be a major disadvantage of buying a new build home over an older property, residential warranty and commercial latent defects insurer, BLP Insurance has found.

buy-to-let News

HMO landlord case sets key precedent

August 13, 2018

The courts have set a precedent that could result in HMO landlords saving hundreds of pounds a year.

RLA is calling for the government guidance for rents rights of EU nationals

August 10, 2018

The Residential Landlords Association (RLA) is calling on the government to issue guidance as a matter of urgency on the rights that EU nationals will have to rent property both before and after the UK leaves the EU, including under a no deal Brexit.

Mortgage Introducer

The route out of the rental market

Getting on the housing ladder is becoming increasingly difficult. As a consequence, more and more millennials find themselves perpetually trapped in an over-inflated rental market.

Paul Hunt

Truth, Share, Repeat?

If lenders can eventually update a system once which then feeds and updates everything else, that must be our goal.

Mortgage Introducer

How can advisers get lenders to improve their use of technology?

Technology seems to be becoming a hotter and hotter topic in the mortgage industry at the moment which is a good thing for a relatively new tech company like Criteria Hub.

Mortgage Introducer

Planning for a successful bridge

Planning and careful planning defines a successful bridging loan. John Hardman, head of sales at Bridging Finance Solutions, offers his thoughts and insights on the 10 key factors to consider and action:




The Buy to Let Business & Foundation Home Loans team up for API launch

August 9, 2018

Foundation Home Loans has partnered with one of its key distributors, The Buy to Let Business (TBTLB) to offer advisers use of their new application programming interface (API) in a bid to reduce time and streamline the application process.

Pepper Money launches zero completion fee limited edition range

August 9, 2018

Pepper Money has launched a residential and buy-to-Let zero completion fee limited edition range for those who haven’t had a CCJ or default in the last 36 or 48 months.

Paradigm adds TSB to lender panel

August 9, 2018

Mortgage services proposition Paradigm Mortgage Services has added TSB to its lender panel, the 14th addition in the last 12 months. From today, selected Paradigm member…

Rob Clifford

It’s time to focus on the reality behind the rate rise

Rob Clifford, group commercial director at property specialist SDL Group, questions how meaningful an interest rate rise would be for the property market.

Paul Hunt

RIO, will we be dancing in the sand?

Pooling resources and ideas to help raise awareness within the broker market must be a sensible way to go.

Bob Hunt

Understanding product transfers

To say the first batch of product transfer data, published by UK Finance, was surprising would be something of an understatement. These are figures which the industry has been waiting many years to see and, despite some educated guesses on just how big the market might be, I’m not sure many people thought it would be in the region of £200bn-plus a year.


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