FEATURED NEWS

Rob Clifford: Let’s end the speculation about marginal base rate rises

March 20, 2019

It’s a decade since the Bank of England dropped its base rate to a historic low of 0.5% – but, with no change to the current 0.75% expected this Thursday, Clifford predicted the latest announcement to be another non-event.

Landlords exposed for offering rooms for sex

March 20, 2019

Undercover reporters emailed and met landlords in response to ‘free’ adverts for rooms and were told to get the free room they’d have to perform sex acts.


News

HNWs struggle to secure credit from high street banks

March 20, 2019

They said high street banks apply “tick box” methods that fail to recognise unique personal circumstances. The prime property mortgage provider surveyed more than 500 HNWs, all with a net worth over £1m, about their experiences of securing finance from banks.

Accord launches 10-year fix and cuts rates

March 20, 2019

Homebuyers with a 25% deposit can benefit from 10-year fixed rate of 2.49% with free standard valuation and a £495 product fee. The 10-year fix is available to remortgage customers too.

Leek United profits and mortgage lending down

March 20, 2019

Its group profit before tax and hedging was down from £3.9m in 2017 to £3.4m and mortgage lending down from £184m in 2017 to £158m last year.

Annual house price growth slows to lowest rate in nearly six years

March 20, 2019

Over the past two and a half years, there has been a slowdown in UK house price growth, driven mainly by a slowdown in the South and East of England.

Blogs

Mortgage Introducer

Spread the word – opportunity is out there

There are currently 150,000 homeowners trapped on high interest mortgages, who are unable to switch to a cheaper deal, according to the FCA.

Mortgage Introducer

A round-up of the Annual Review of the HM Treasury Women in Finance Charter

It was fantastic to hear how the Charter has extended its reach to cover over 800,000 financial services personnel.


Many think the government is ignoring social care because of Brexit

March 20, 2019

A government policy paper on the future of adult social care in England – originally due in 2017 – is still yet to be published and with a further delay announced in the Spring Statement.

MFS hires second BDM of the year

March 20, 2019

Having previously worked for Castle Trust Capital and Octopus Property, Graydon is experienced in the buy-to-let market and has knowledge of the bridging and commercial sector. Part of her role will include managing inquiries from the South of England.

Cambridge & Counties Bank joins NACFB

March 20, 2019

The patronage will raise the bank’s profile among the NACFB’s membership further. The NACFB has over 1,650 commercial finance and asset finance brokers as members, covering the whole of the UK.

buy-to-let News

Landlords exposed for offering rooms for sex

March 20, 2019

Undercover reporters emailed and met landlords in response to ‘free’ adverts for rooms and were told to get the free room they’d have to perform sex acts.

Buy-to-let gives better returns than gold, cash and fine art

March 20, 2019

When considering the annual gain in house prices along with the increase in rental yields, an investment in the sector a decade ago would have brought a 92% return today, higher than the 60% return that investing in gold would have brought and the 16% increase in cash or the -4% drop in fine art.

Mortgage Introducer

Could a no deal Brexit result in money launderers targeting the UK?

Martin Cheek (pictured) is managing director of SmartSearch Not only is money laundering a crime in itself, but it is an enabler for more serious crime. The…

Mortgage Introducer

Lessons brokers can learn from ‘Tidying up with Marie Kondo’

While Marie Kondo primarily focuses on the home, there may be some important lessons here for brokers too.

Mortgage Introducer

There’s a complacency around giving baby boomers advice

We’re left with large numbers of individuals who could undoubtedly benefit from financial advice, not seeking it.

Mortgage Introducer

Second home mortgages may not be as niche as you think

Lisa Buckley, head of marketing and mortgage sales at Leek United, outlines the opportunities for second home mortgages and how a second home can be a useful asset when planning for the future.


TBMC unveils website

March 19, 2019

The website hosts a range of tools constructed for intermediaries to help their landlord clients.

The Scottish Mortgage Awards winners announced

March 19, 2019

Nationwide Intermediary Solutions scooped Lender of The Year, Carrington took home Overall Broker of the Year and Aldermore won Specialist Lender of The Year.

Investors avoid 3% stamp duty surcharge after court ruling

March 19, 2019

Paul and Nikki Bewley bought a bungalow in Weston-super-Mare for £200,000 in January 2017, which was found to have issues with asbestos and central heating. The building was demolished with a new home being built in its place.

Mortgage Introducer

We need to drive positive change in the mortgage industry

You could say I simply fell in to the mortgage industry, which I have come to love and am proud to be part of.

Mortgage Introducer

Intergenerational wealth: an opportunity to be embraced

With so much wealth transferring between generations, these conversations are more important than ever before.

Mortgage Introducer

Does your client retention policy need revisiting?

There are many cost-effective systems which can automate much of the work.