FEATURED NEWS

Octane Capital: 2019 to show shades of similarities to 2009

18th January 2019

While it could be a difficult year for the bridging market, they believe Octane, which launched in May 2017, is well placed to grow despite the difficult conditions.

Direct Life joins Protection Distributors Group

January 18, 2019

Since forming in 2016, the group has driven a number of improvements across the market and influential in the introduction of industry initiatives such as, the Funeral

1.7 million more people in PRS sector than a decade ago

January 18, 2019

Younger households are more likely to rent privately than older households; in 2017 those in the 25 to 34 years age group represented the largest group (35%).


News

Charles Roe becomes executive director at The Nottingham

January 18, 2019

Roe joined The Nottingham in April 2018 as chief risk officer and is accountable for the design of the society’s risk monitoring plan. He joins fellow executive directors David Marlow and Dan Mundy.

Skipton launches refreshes residential and buy-to-let products

January 17, 2019

The revamped residential range includes a 5-year 95% LTV fix for purchase at 3.43% with no fee or 3.34% with a £495 fee, while for buy-to-let customers there’s a 5-year fix, available for both purchase and remortgage at 2.02% to 60% LTV with a £1,995 fee.

Sesame Bankhall Group launch apprenticeship scheme with Simply Academy

January 17, 2019

This is to help advisory firms across Sesame Network, PMS Mortgage Club and Bankhall to bolster their staff development and recruitment.

Al Rayan Bank cuts rental rates

January 17, 2019

At 60% FTV (40% deposit) the discounted variable rental rate was reduced to 3.14% and the fixed rental rate was cut to 3.44% while at 70% FTV (30% deposit) the discounted variable rental rate was reduced to 3.24% and fixed rental rate was reduced to 3.54%.

Blogs

Bob Hunt

Let’s not blow Fleet and Secure Trust Bank out of proportion

While Secure Trust Bank’s may not return to lending anytime soon, I’m led to believe that Fleet Mortgages is currently finalising a new funding line with a new product range to be launched before the end of the month.

Michael Lloyd

2019 to be the year more lenders trial Open Banking

There’s been a lot of discussion around Open Banking in the past year from all of the major banks, with lending being a focus point. As we look forward in 2019, we’ll see the continued progression of digitising the mortgage industry, particularly harnessing the latest technological advances from Open Banking.

Editor’s Pick



Fluent Mortgages aims to develop lender panel

January 17, 2019

Dan Payne, managing director at Fluent Mortgages, believes this year will be good, if not challenging.

Shawbrook hires regional development manager for London & South East

January 17, 2019

Shawbrook has appointed Daniel Standing to its commercial mortgage’s sales team as regional development manager for London and the South East.

Gatehouse Bank hires two underwriters and a business support manager

January 17, 2019

Pathak brings more than seven years’ banking experience to her new role, having previously held positions at Barclays and Santander. Nadhvana has spent 14 years as an underwriter at Nationwide Building Society.

buy-to-let News

1.7 million more people in PRS sector than a decade ago

January 18, 2019

Younger households are more likely to rent privately than older households; in 2017 those in the 25 to 34 years age group represented the largest group (35%).

Skipton launches refreshes residential and buy-to-let products

January 17, 2019

The revamped residential range includes a 5-year 95% LTV fix for purchase at 3.43% with no fee or 3.34% with a £495 fee, while for buy-to-let customers there’s a 5-year fix, available for both purchase and remortgage at 2.02% to 60% LTV with a £1,995 fee.

Paul Hunt

A bird in the hand

Now is the time to start thinking about retention before you lose your clients for good and are unable to fill the hopper with new ones.

Mark Davies

Stormy weather

The collapse of Amicus and retirement of Fleet and Secure Trust Bank from new business lending underline how fragile the mortgage industry is.

Mortgage Introducer

Where to buy an overseas property in 2019

Once a decision has been reached over Brexit, I expect the overseas property market to have a more dramatic spurt.

Mortgage Introducer

Open Banking primed for further progress after first year

We expect 2019 to be a successful year for Open Banking.




First-time buyer lending rose by 9.1% in November

January 17, 2019

At the other end of the spectrum there was £800m of buy-to-let purchase mortgages, 11.1% fewer than the same month the year before. There was £2.4bn of new buy-to-let remortgages, 9.1% more year-on-year.

RICS Survey: The housing market ended the year with uncertainty

January 17, 2019

Key activity indicators continued to slip in December with national sales volumes dwindling, although some areas of the UK saw a more positive trend (East Anglia, Wales, the North East and Northern Ireland).

London asking rents hit record high as available properties dwindle

January 17, 2019

Asking rents in the capital are now increasing at an annual rate not seen since Q1 2015 and compared with this time last year, available rental stock in London is down 22%.

John Phillips

The opportunity is there, if you know where to look

Yes, the market is tough, but that doesn’t mean there aren’t opportunities.

Mortgage Introducer

There’s been a shift in later life thinking

There’s no doubting that we’ve seen a fundamental shift in recent years.

Mortgage Introducer

Uncertainty is not the same as disaster

Households are less exposed to adverse shocks than they were.


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