Category: Residential mortgages

Mortgage intermediaries’ confidence about the prospects for the mortgage market has reached a record level in the latest NatWest Intermediary Solutions’ market confidence barometer.

House prices reach new peak

Average UK house prices broke records for the fifth consecutive month in December, up 14.6% throughout 2015 to reach £233,947 – a new high.

reduced income

The Financial Services Compensation Scheme levy charged to brokers arranging home finance has doubled in a year from £5m in 2015/16 to £10m in 2016/17.

David Tweedy and Guy Batchelor are set to launch a new challenger lender called Belmont Green Finance in the coming months.

Consumer price inflation rose by 0.2% in the year to December 2015, compared with a 0.1% rise in the year to November 2015, figures from the Office for National Statistics show.

UK house prices increased by 7.7% in the year to November 2015 up from 7.0% in the year to October 2015, Office for National Statistics data showed.

Clydesdale and Yorkshire Banks have launched a 90% to 95% loan-to-value mortgage with a 3-year fixed rate of 4.49% for buyers struggling to take the next step on the property ladder.

Brokers have referred 18,000 borrowers to TSB in just 12 months prompting the bank to praise the intermediary community.

Housing demand won’t fall even in the case of financial meltdown in 2016.

National Australia Bank has set the price of Clydesdale Bank between £1.5bn and £2bn ahead of its planned initial public offering next month.