MORTGAGES


There are 762 articles for the MORTGAGES category

The Brightstar Group has become the first business in the mortgage market to launch its own Track & Trace system
Posted: 11/08/2020
TMA Club has announced it is adding LiveMore Capital to its lifetime mortgage panel
Posted: 11/08/2020
The stamp duty holiday has not had an immediate impact on the UK mortgage market in the month since Rishi Sunak’s announcement, according to new data from Trussle. The online mortgage broker suggested that despite some reports the holiday has fuelled a rise in searches on property portals, the announcement doesn’t appear to be increasing activity further
Posted: 11/08/2020
The MCI Mortgage Club has added LiveMore Capital to its panel and extended its range of products to include retirement interest only (RIO) mortgages
Posted: 11/08/2020
The number of house offers accepted in UK markets between 8 July and 3 August was 146% above the five-year average for properties valued at less than £1.5m, new analysis from Knight Frank has revealed
Posted: 10/08/2020
UK house prices in July were 1.6% higher than they were in June, according to new data published in the latest Halifax House Price Index
Posted: 07/08/2020
More homebuyers currently living in some of the biggest UK cities are planning to move to village locations, according to new analysis from Rightmove
Posted: 06/08/2020
The second charge mortgage market saw a 74% annual fall during June as £27m in new business was conducted, new figures published by the Finance & Leasing Association (FLA) have revealed
Posted: 06/08/2020
Broker criteria searches in July provided strong indicators that the housing market is still being affected by lockdown, according to Knowledge Bank
Posted: 06/08/2020
Mortgage Brain has reported that it saw more ESIS generated through its sourcing systems in July than any other month so far in 2020
Posted: 06/08/2020
Criteria searches related to applicants on a visa have risen by 146% for buy-to-let (BTL) enquiries since May, as well as 97% for residential criteria enquiries, data from Legal & General Mortgage Club has revealed
Posted: 05/08/2020
Average rents across the UK dipped by -0.3% in June, and by -0.8% over the second quarter of the year, to take the annual growth in UK rents to +1.1%, new data from Zoopla has revealed
Posted: 05/08/2020
Mortgage brokers were the worst hit advice channel during the second quarter of the year, with a 23% decrease in new business year-on-year, data from iPipeline has revealed
Posted: 04/08/2020
The Government has extended the Help to Buy scheme deadline to help customers that may have experienced delays in construction due to coronavirus
Posted: 03/08/2020
Lenders are returning to the first-time buyer mortgage market with higher LTV products changing rapidly, new analysis from Defaqto has revealed
Posted: 03/08/2020
Click2Check has announced Chartwell Mortgage Services as the latest advisory firm to sign up for its Credit Assess product
Posted: 03/08/2020
UK house prices rose by 1.7% in July after taking account of seasonal effects, offsetting the 1.6% fall in June, data from the latest Nationwide House Price Index has revealed
Posted: 31/07/2020
The MCI Mortgage Club has partnered with Richdale Compliance Consultancy to launch a new compliance proposition for new and existing mortgage and protection members
Posted: 30/07/2020
Mortgage Brain has revealed that the volume of ESIS generated through its sourcing systems have surpassed pre-pandemic levels for the first time since COVID-19 struck in the UK
Posted: 29/07/2020
Gatehouse Bank has announced it is joining the platform of criteria search specialist, Knowledge Bank
Posted: 29/07/2020
The number of mortgage approvals for house purchases increased to 40,000 in June, up from the record low of 9,300 in May, according to new data published by the Bank of England (BoE)
Posted: 29/07/2020
A total £698m of property wealth was accessed by older homeowners in the second quarter of 2020, a figure down by 34% from the previous quarter, according to new data published by the Equity Release Council (ERC)
Posted: 28/07/2020
New agreed house sales are running 28% above pre-lockdown levels as the recent surge in property demand converts into sales, the latest Zoopla House Price Index has suggested
Posted: 28/07/2020
Twenty-three per cent of those planning to buy their first property say they have been able to save more during lockdown, research from The Nottingham has revealed
Posted: 28/07/2020
Kensington Mortgages has raised £650m of funding through the wholesale financial markets
Posted: 27/07/2020
Landbay has announced the launch of a new funding partnership with a UK bank
Posted: 27/07/2020
Yorkshire Building Society (YBS) has advanced 3,002 mortgages to first-time buyers and completed 31,384 mortgages in the first six months of 2020
Posted: 23/07/2020
The Intermediary Mortgage Lenders Association (IMLA) has announced that it welcomes the newly published recommendations from the Law Commission to transform home ownership for millions of people in England and Wales
Posted: 22/07/2020
Mortgage Brain has reported that the number of ESIS generated through its sourcing systems increased by 3% last week, maintaining their recovery to reach the same levels as those seen before the COVID-19 pandemic
Posted: 22/07/2020
There were 63,250 residential property transactions in the UK during June, according to new data published by HMRC
Posted: 21/07/2020
Zephyr Homeloans has joined the mortgage panel of financial advice and investment network, Openwork
Posted: 21/07/2020
Recent growth in the number of remortgage instructions has started to slow in July, according to new data from Legal Marketing Services (LMS)
Posted: 20/07/2020
PropertyPal Mortgages has partnered with eKeeper to launch its own mortgage pre-approval software and speed up the initial stages of its mortgage application process
Posted: 20/07/2020
Lenders have reported decreasing demand for secured lending for both house purchase and remortgaging in the second quarter of 2020, but this demand is expected to increase in Q3, according to new research from the Bank of England (BoE)
Posted: 16/07/2020
Mortgage Brain has reported the numbers of ESIS generated through its sourcing systems have continued their recovery from the impact of COVID-19 over the last week, increasing by 3.4%
Posted: 15/07/2020
Air Later Life Academy (LLA) has announced it is extending its relationship with retirement product specialist, Hodge Bank
Posted: 15/07/2020
The FCA has commenced proceedings in the High Court against London Property Investments (UK) Limited (LPI), NPI Holdings Limited (NPI), Daniel Stevens (the sole director and shareholder of both companies) and his father Anthony Kafetzis
Posted: 13/07/2020
Mortgage brokers’ criteria searches are up by more than two-thirds (68%) as the market responds to COVID-19, according Knowledge Bank’s mortgage criteria activity tracker, and the increase was especially pronounced in the residential market, with searches up by nearly four-fifths (79%)
Posted: 13/07/2020
The Mortgage Lender has topped £1bn in buy-to-let (BTL) applications following a record £100m in applications during June
Posted: 13/07/2020
Property instructions in April and May 2020 were down 90% and 73% respectively on the equivalent months in 2019, but June saw a significant rebound, with instructions down just 26% on the corresponding month last year, and up 178% on May 2020
Posted: 13/07/2020
Nationwide has reported it saw a significant increase in traffic to its online mortgage affordability tools this week, following the Government’s changes to stamp duty announced on Wednesday
Posted: 10/07/2020
The Conveyancing Association (CA) has urged the Welsh Government to speed up the reopening of its housing market to match the recent changes to Stamp Duty Land Tax (SDLT) introduced with immediate effect in both England and Northern Ireland. The trade body for the conveyancing industry pointed to the lack of any evidence in England to suggest the opening of the housing market has caused an increase in COVID-19 cases
Posted: 10/07/2020
Fifty-three per cent of property and commercial finance brokers have reported they are open for business with 100% of their pre-COVID-19 capacity, according to research from United Trust Bank (UTB)
Posted: 09/07/2020
The UK housing market is showing initial signs of recovery as new buyers and sellers come in to the market, according to the June 2020 RICS UK Residential Market Survey
Posted: 09/07/2020
The Nottingham has announced new plans to enter into an alliance with Belvoir Group
Posted: 09/07/2020
The Chancellor has announced an immediate temporary holiday on stamp duty for the first £500,000 of all property sales in England and Northern Ireland
Posted: 08/07/2020
The number of products on the mortgage market has continued its steady improvement and increased by 1.1% last week to a new post-lockdown high of 9,266, new data from Mortgage Brain has revealed
Posted: 08/07/2020
House prices in June were 0.1% lower than in May, according to the latest Halifax House Price Index
Posted: 07/07/2020
The COVID-19 pandemic has not dissuaded first-time buyers from pressing ahead with their housing plans as 93% are still considering buying in 2020, new research from Legal & General Mortgage Club has revealed. The mortgage club also stated that a majority 51% of first-time buyers have indicated they “definitely intend to buy” this year
Posted: 07/07/2020
Hanley Economic Building Society has reported a 35% increase in self-build advances over an 18-month period running from the beginning of January 2019 to the end of June 2020
Posted: 07/07/2020
The MCI mortgage club has appointed Zephyr Homeloans to its panel of specialist lenders for buy-to-let (BTL) products
Posted: 07/07/2020
Accord Mortgages has announced it is suspending all lending on its 90% loan-to-value (LTV) products for first-time buyers
Posted: 06/07/2020
Ipswich Building Society has announced it is withdrawing all of its buy-to-let (BTL) products, including expat BTL and holiday let mortgages, with immediate effect
Posted: 06/07/2020
Country houses valued above £5m saw the strongest price growth of any property type in the UK in the three months to June, according to Knight Frank
Posted: 06/07/2020
The Government is expected to reveal new plans this week that will exempt most homebuyers from paying any stamp duty, according to reports
Posted: 06/07/2020
Halifax has announced its mortgage applications have continued to rise seven weeks after the housing market reopened
Posted: 03/07/2020
A total of £21m worth of new business in the second charge mortgage market was conducted during May, an 81% drop from the same month last year, new data from the Finance & Leasing Association (FLA) has revealed
Posted: 03/07/2020
The number of remortgage instructions dipped slightly in the final week of June and was down on the previous week by 8.2%, new data from Legal Marketing Services (LMS) has revealed
Posted: 02/07/2020
PRIMIS Mortgage Network has revealed the number of applications it received between April and June rose by 30% compared to the same period in 2019
Posted: 02/07/2020
Mortgage Brain has reported that the proportion of ESIS generated by its sourcing systems for property purchases have now increased past the levels it before the pandemic
Posted: 01/07/2020
Bringing stamp duty down would be an important stimulus for the housing market and reinvigorate the housing ‘micro-economy’, according to MHA MacIntyre Hudson
Posted: 01/07/2020
Annual house price growth slowed to -0.1%, from 1.8% in May, the first time that annual house price growth has been in negative territory since December 2012, according to the latest Nationwide House Price Index
Posted: 01/07/2020
The Intermediary Mortgage Lenders Association (IMLA) has welcomed the changes to planning regulation announced by Boris Johnson yesterday
Posted: 01/07/2020
The Progressive Building Society has announced that its criteria has been added to Knowledge Bank’s mortgage criteria search system
Posted: 30/06/2020
The Mortgage Lender has announced it is returning to offer physical valuations on buy-to-let (BTL) applications for properties in Scotland and Wales, after COVID-19 restrictions were relaxed by the devolved Governments
Posted: 29/06/2020
The number of mortgage approvals for house purchase slumped to 9,300 in May, almost 90% below February’s level and around a third of their trough during the financial crisis in 2008, new Bank of England (BoE) data has revealed
Posted: 29/06/2020
The number of remortgage instructions remained steady in the third week of June and was up 5% compared with the final week in May, new data released by Legal Marketing Services (LMS) has revealed
Posted: 25/06/2020
There were 1,023,000 interest-only homeowner mortgages outstanding at the end of 2019, a figure 8.9% fewer than in 2018, new data published by UK Finance has revealed
Posted: 24/06/2020
The number of rental deposit disputes lodged with Hamilton Fraser’s government-authorised deposit scheme, mydeposits, has fallen by 15% across England so far this year
Posted: 24/06/2020
Product numbers on the mortgage market increased last week to the highest level seen since the COVID-19 pandemic struck the UK, according to new data from Mortgage Brain
Posted: 24/06/2020
A surge in demand for property is expected to delay house price falls and push them towards the end of 2020, according to the latest UK House Price Index by Zoopla
Posted: 24/06/2020
The Conveyancing Association (CA) has urged the Welsh Government to go “further” and “faster” in opening up its housing market
Posted: 23/06/2020
Half of prospective homebuyers in the UK have been denied a mortgage during the COVID-19 crisis despite having an agreement in principle, according to new research from Butterfield Mortgages Limited (BML)
Posted: 23/06/2020
The number of residential property transactions in the UK climbed 16% in May compared to the previous month, new data published by HMRC has revealed. Figures showed the provisional seasonally adjusted estimate had risen to 48,450 during May, although this represented a drop of 49.6% in comparison to May 2019
Posted: 23/06/2020
First 4 Bridging (F4B) has announced the addition of Hampshire Trust Bank to its lending panel
Posted: 23/06/2020
Landbay has announced it has joined the Lender Exchange in order to access a greater variety of conveyancing solicitors
Posted: 22/06/2020
Paradigm Mortgage Services has added buy-to-let (BTL) mortgage lender, Zephyr Homeloans, to its panel
Posted: 22/06/2020
A total of 1.9 million mortgage payment holidays have been granted to struggling homeowners in the three months since the launch of the scheme, according to UK Finance
Posted: 19/06/2020
Fifty-two per cent of directly authorised brokers believe that technology advances will have a “high” or “very high" impact on their business over the next 24 months, according to a new survey
Posted: 19/06/2020
Instruction volumes for remortgages continued to increase through June, according to the latest data gathered by Legal Marketing Services (LMS), rising 8.9% between the first and second week of the month
Posted: 18/06/2020
Paradigm Mortgage Services has announced it has increased its number of member firms by 10.9%, up to 1,544 from 1,392 at the end of March 2019
Posted: 17/06/2020
The number of UK mortgage approvals slumped by 71.76% between March and April, according to data gathered by Buyshares.co.uk
Posted: 17/06/2020
Mortgage Brain has reported the overall ESIS numbers produced from its sourcing systems have stabilised at pre-pandemic levels, with a small increase of 2.4% on the preceding week
Posted: 17/06/2020
MCI Club has integrated its digital broker platform, Burrow, into Knowledge Bank’s application programming interface (API)
Posted: 17/06/2020
One-bed properties are proving to be the best financial investment when it comes to buy-to-let (BTL) rental yields across the UK’s major cities, according to new research from Howsy
Posted: 16/06/2020
The Intermediary Mortgage Lenders Association (IMLA) has suggested that lenders have been committed to supporting their existing customers since the housing market reopened
Posted: 15/06/2020
The first week of June saw a 6% rise from the average weekly remortgage instruction volumes recorded during June last year, new data published by Legal Marketing Services (LMS) has revealed
Posted: 12/06/2020
There was a significant increase in the number of advisers searching for criteria around interest-only mortgages between April and May, according to new data from Legal & General Mortgage Club
Posted: 12/06/2020
The headline net balance for new home buyer enquiries in the UK moved from a record low of -94% in April to post a reading of -5% in May, according to the May 2020 RICS Residential Market Survey
Posted: 11/06/2020
Demand for mortgages has returned to pre-lockdown levels with enquiries for May showing a 57% rise from April, new analysis from Experian has revealed
Posted: 11/06/2020
IFAs and brokers are enhancing their protection for older customers during the coronavirus crisis, according to new research from Key Partnerships
Posted: 11/06/2020
Mortgage Brain has reported another rise in the volume of ESIS produced by its sourcing systems to reach levels “very close” to those seen before the COVID-19 pandemic
Posted: 10/06/2020
The outstanding value of all residential mortgages loans was £1.51bn at the end of the first quarter of the year, a figure 3.9% higher than a year ago, according to new Bank of England (BoE) figures
Posted: 09/06/2020
The MCI Mortgage Club has announced the appointment of Harpenden Building Society to its lender panel
Posted: 09/06/2020
A total £32m worth of business was agreed in the second charge mortgage market during April, reflecting a 68% fall from 12 months ago, according to the latest new business figures released by the Finance & Leasing Association (FLA)
Posted: 08/06/2020
Satisfaction amongst mortgage brokers with the lenders that they deal with has increased to 82.7%, up from 81.1% in the second half of 2019, a new study has revealed
Posted: 08/06/2020
House prices in the UK during May were 0.2% lower than they were in April, according to new data published in the latest Halifax House Price Index
Posted: 05/06/2020
Key Partnerships, the equity release referral service for retirement finance business, Key Group, has announced a new referral partnership with Paradigm mortgage club
Posted: 05/06/2020
Remortgage instruction volumes increased by 8.1% from April to May, new data from Legal Marketing Services (LMS) has revealed
Posted: 04/06/2020
Mortgage lending was flat in the first three months of 2020 compared with a year ago, while an increase in buy-to-let (BTL) activity was offset by a drop in first-time buyers, new UK Finance data for the first quarter has revealed. Figures suggested regional variations in activity are a likely reflection of the market disruption due to the coronavirus pandemic
Posted: 04/06/2020
COVID-19 continued to dominate the attention of brokers during May, with ‘COVID-19: Temporary Maximum LTV Restrictions’ featuring prominently across four of the seven categories recorded by Knowledge Bank’s criteria tracker
Posted: 04/06/2020
Accord Buy To Let has announced it is relaunching its product range at 80% loan-to-value (LTV) for both remortgage and house purchase landlords
Posted: 03/06/2020
Mortgage Brain has reported that the ESIS volumes produced by its sourcing systems have increased by 11.5% over the last week, continuing its recent resurgence
Posted: 03/06/2020
The number of mortgage approvals for house purchase experienced a sharp fall during April to 15,800, a figure around 80% below the level recorded in February, new Bank of England (BoE) statistics have revealed
Posted: 02/06/2020
Lenders have issued 1.86 million mortgage payment holidays as of 28 May 2020, new figures from UK Finance have revealed
Posted: 02/06/2020
House prices in the UK have suffered the largest monthly fall since February 2009 and dropped by 1.7% during May, according to new data published by Nationwide
Posted: 02/06/2020
The FCA has confirmed the support that firms should provide mortgage customers who are either coming to the end of a mortgage payment holiday or who are yet to request one
Posted: 02/06/2020
PRIMIS Mortgage Network has revealed that its product desk resolved a total of 4,641 inbound queries from brokers during March and April
Posted: 01/06/2020
Mortgage intermediaries are remaining confident in their own business outlooks following the first quarter of 2020, according to new research published by the Intermediary Mortgage Lenders Association (IMLA)
Posted: 29/05/2020
Mortgage payment holidays could add debts totalling as much as £665.08 to a mortgage, according to analysis from money.co.uk and Koodoo
Posted: 28/05/2020
One Mortgage System (OMS) has announced a stage one integration with United Trust Bank (UTB) to offer brokers and networks quicker access to a wider range of specialist lending solutions
Posted: 28/05/2020
The Intermediary Mortgage Lenders Association (IMLA) has urged the Government to consider easing restrictions to help first-time homebuyers lead an economic recovery during the COVID-19 pandemic
Posted: 28/05/2020
Pent-up demand in the property market is now exceeding the levels recorded before the UK went into lockdown, new analysis from Zoopla has revealed
Posted: 27/05/2020
Knowledge Bank has announced a new partnership with specialist lender, Hodge, to provide brokers with comprehensive criteria sourcing of Hodge's product range on its own intermediary website
Posted: 27/05/2020
Mortgage Brain has reported that both the product numbers on the mortgage market and ESIS volumes produced from its sourcing systems have continued their recent improvement over the last week
Posted: 27/05/2020
Intermediaries remain confident in the mortgage market’s prospects for the next 12 months despite the ongoing coronavirus crisis, according to research from Masthaven Bank
Posted: 26/05/2020
Zephyr Homeloans has resumed physical valuations following the removal of the Government's restrictions on inspections
Posted: 22/05/2020
Homeowners struggling to pay their mortgage due to coronavirus will be able to extend their mortgage payment holiday for a further three months, according to new FCA proposals
Posted: 22/05/2020
Chancellor, Rishi Sunak, is believed to be planning an extension to the scheme offering three-month mortgage payment holidays, according to reports
Posted: 21/05/2020
The provisional seasonally adjusted estimate of UK property transactions for April was 46,440 residential and 5,930 non-residential, new figures published by HMRC has revealed
Posted: 21/05/2020
Remortgage instruction volumes returned to their level before lockdown thanks to a growth of 39.7% between the second and third weeks of May, new data from Legal Marketing Services (LMS) has revealed
Posted: 21/05/2020
Paradigm Mortgage Services has announced the addition of buy-to-let (BTL) and specialist lender, Paragon Bank, to its lender panel
Posted: 21/05/2020
Average house prices in the UK increased by 2.1% over the year to March, up from 2.0% in February, new data published by the Office for National Statistics (ONS) and the Land Registry has revealed
Posted: 20/05/2020
Mortgage Brain has reported increases in both the number of mortgage products on the market as well as the volume of ESIS produced from its own mortgage sourcing systems, each reaching their highest level since their post-pandemic lows
Posted: 20/05/2020
Aspen Bridging has been appointed to Beneficial network’s Specialist Mortgage Lender Panel with immediate effect
Posted: 20/05/2020
Tenet Group has announced a new partnership with Knowledge Bank to provide both its network members and directly authorised clients with access to Knowledge Bank’s mortgage criteria search system
Posted: 19/05/2020
Just Group has announced it is recommencing with physical valuations in England from today
Posted: 18/05/2020
Trussle has announced it saw mortgage enquiries plummet by 37% from March to April, just as the UK’s lockdown measures came into full effect
Posted: 18/05/2020
The number of remortgage products at 90% LTV has dropped from 189 in March to just 34, research from Defaqto has revealed
Posted: 15/05/2020
Seventy-seven per cent of brokers believe mortgage lending will recover to pre-coronavirus levels within nine months, according to new research published by Smart Money People
Posted: 15/05/2020
There were 13 second charge mortgage repossessions in the first quarter of 2020, a figure 45.8% lower than the first quarter of 2019, new figures released by the Finance & Leasing Association (FLA) have revealed
Posted: 14/05/2020
Fleet Mortgages has announced it has recommenced with physical valuations in England on its pipeline business, with new applications being processed as usual
Posted: 14/05/2020
Instruction volumes for remortgage dropped by 25.6% between the first and second weeks of May, according to new data released by Legal Marketing Services (LMS)
Posted: 14/05/2020
There were 72,380 homeowner mortgages in arrears of 2.5% or more of the outstanding balance during the first quarter of 2020, a figure 6% fewer than in the first quarter of last year, new UK Finance data has revealed
Posted: 14/05/2020
One Mortgage System (OMS) has announced a partnership with Uinsure to bolster its general insurance (GI) offering
Posted: 14/05/2020
The Conveyancing Association (CA) has announced its support for a cross-industry guide on reopening the housing market to help enable people to move home safely
Posted: 13/05/2020
Bluestone Mortgages has announced that it will be recommencing new lending activity from today
Posted: 13/05/2020
The Government has set out new plans to reopen the housing market and allow people to move home again
Posted: 13/05/2020
Mortgage Brain has reported the number of ESIS produced from its mortgage sourcing systems has increased for the second week in a row
Posted: 13/05/2020
“Covid-19: Temporary Maximum LTV Restrictions” was the most frequent criteria search across the residential, buy-to-let (BTL), second-charge, and bridging markets during April, according to new data released by Knowledge Bank
Posted: 12/05/2020
A total of £93m in new business was conducted in the second charge mortgage market during March, a 14% drop from a year ago, according to new data published by the Finance & Leasing Association (FLA)
Posted: 07/05/2020
Remortgage instruction volumes dropped by 23% between March and April, according to new data published by Legal Marketing Services (LMS)
Posted: 07/05/2020
Mortgage Brain has revealed the number of ESIS produced from its mortgage sourcing systems increased last week for the first time in six weeks
Posted: 06/05/2020
Sesame Bankhall Group (SBG) has unveiled the launch of a new bounce back hub to help firms navigate towards a post-crisis market and emerge stronger from the coronavirus pandemic
Posted: 06/05/2020
Answers in Retirement Group (Air Group) has announced a new partnership with Knowledge Bank to create a ‘super software’ between its Air Sourcing platform for later life advisers, and Knowledge Bank’s mortgage criteria search tool
Posted: 06/05/2020
Paradigm Mortgage Services has announced a new partnership with MyGabriel Accounting Solution
Posted: 05/05/2020
The Intermediary Mortgage Lenders Association (IMLA) has announced that TSB Bank has joined as the latest member of the trade body
Posted: 05/05/2020
Mortgage approvals for house purchase fell to 56,200 during March, their lowest level since March 2013, new statistics published by the Bank of England (BoE) have revealed
Posted: 01/05/2020
Annual house price growth in the UK edged up to 3.7% during April, rising from 3% in March, according to data from the latest Nationwide House Price Index
Posted: 01/05/2020
The Covid-19 pandemic will see a shift in business models amongst directly authorised (DA) mortgage advisory firms, according to PMS Mortgage Club
Posted: 01/05/2020
Remortgage instruction volumes grew by 12.8% in the seven days between 13 and 20 April, increasing for the second week in a row, according to new data from Legal Marketing Services (LMS)
Posted: 29/04/2020
The Mortgage Market Alliance (MMA) has warned that borrowers shouldn’t just have to “accept” a product transfer if they have taken out a mortgage payment holiday from their lender
Posted: 29/04/2020
The number of available mortgage products on the market increased for the second week in a row to 8,044 products, reflecting a 5.9% increase of 488 products from the previous week, according to the latest figures from Mortgage Brain
Posted: 29/04/2020
UK tenants paid average monthly rents of £775 during the first quarter of 2020, an increase of just £2 or 0.26% on the final quarter of last year, according to new data from The Deposit Protection Service (The DPS)
Posted: 29/04/2020
Lenders have offered more than 1.6 million mortgage payment holidays as of Friday 24 April 2020 to support customers facing financial difficulties due to coronavirus, new UK Finance figures have revealed
Posted: 28/04/2020
Hanley Economic Building Society has announced it is partnering with DPR to begin an overhaul of its current mortgage and savings platforms, and to revamp its back-office systems
Posted: 28/04/2020
Demand for rental property picked up in April with prospective tenants starting to plan for life after lockdown, according to research from Knight Frank
Posted: 27/04/2020
The MCI Mortgage Club has expanded its panel to include Reliance Bank, increasing the number of ethical options available to its members
Posted: 27/04/2020
The number of remortgage instructions increased by 9% during the week between 6 and 13 April, according to new data from Legal Marketing Services (LMS)
Posted: 24/04/2020
Aspen Bridging has announced it will lend on “pre Covid-19 property values”, becoming the first UK lender to do so
Posted: 23/04/2020
Nationwide has announced it is extending its mortgage lending through brokers as well as online up to 85% loan-to-value (LTV)
Posted: 22/04/2020
Average house prices in the UK increased by 1.1% over the year to February 2020, down from 1.5% in January, new figures published by the Office for National Statistics (ONS) revealed
Posted: 22/04/2020
Lenders are likely to issue almost 350,000 fewer mortgages for house purchase this year than they otherwise would have done had the UK not entered lockdown, analysis from Knight Frank has revealed
Posted: 21/04/2020
Average rates for equity release dropped to a record low of 4.48% in the second half of 2019 while two out of every five products had rates lower than 4%, the Equity Release Council (ERC) Spring Market Report has revealed
Posted: 21/04/2020
Demand for rented properties bounced back 30% in the two weeks to 14 April, after falling 57% in the wake of the coronavirus pandemic, according to Zoopla’s latest quarterly Rental Market Report
Posted: 21/04/2020
Mortgage Brain has announced that it saw the number of products on the mortgage market stabilise last week, following several weeks of substantial falls
Posted: 20/04/2020
Impact Specialist Finance has introduced a ‘Specialist Lending Covid-19 Update’ for intermediaries
Posted: 17/04/2020
MCI Mortgage Club has announced the appointment of OneFamily to its lender panel, extending its range of products to include lifetime mortgages
Posted: 16/04/2020
The Government is considering an extension to the Help to Buy scheme as part of a range of measures to get the industry building houses again once the current lockdown imposed by coronavirus has relaxed
Posted: 15/04/2020
Mortgage holders in the UK could save over £5,000 on their mortgage payments by switching to a new fixed rate offer, according to new research from Experian
Posted: 15/04/2020
One Mortgage System (OMS), has announced it is offering a free Knowledge Bank licence for every new user to help support the intermediary market during the coronavirus pandemic
Posted: 15/04/2020
There was £107m worth of new business in the second charge mortgage market during February this year, reflecting a 9% change from last year, new data published by the Finance & Leasing Association (FLA) revealed
Posted: 14/04/2020
Over 1.2 million mortgage payment holidays have been offered by lenders to customers impacted by coronavirus, UK Finance has revealed
Posted: 14/04/2020
Mortgage Brain has reported a further reduction in the mortgage products that were available on the market last week to 7,477 total products, which was 7,179 fewer than the nine-week average to 16 March
Posted: 14/04/2020
‘Covid-19 Mortgage Payment Holidays’ was the most searched term in Knowledge Bank’s residential mortgages category during March, and the second most in the buy-to-let (BTL) category, new data has revealed
Posted: 14/04/2020
The number of 75% and 95% LTV mortgage products on the market has seen a significant drop of almost two-thirds as lenders respond to the coronavirus pandemic, according to data published by AmTrust
Posted: 09/04/2020
Remortgage completions dropped in the second half of March, in part reflective of the usual trend of numbers trailing off from the start to the end of the month, but initial signs from the first April data are “very positive”, according to LMS
Posted: 09/04/2020
The housing market lockdown has seen the lowest near-term sales expectations since 1998, results from the latest RICS UK Residential Market Survey revealed
Posted: 09/04/2020
UK house prices in March were 3.0% higher compared to the same month in 2019, according to new data published by Halifax
Posted: 07/04/2020
Almost half of the UK’s active house buyers stopped looking for a new home before the Government ‘suspended’ the housing market, new research from Trussle revealed
Posted: 07/04/2020
A total of 10,097 mortgage products were available on the market last week, new figures from Mortgage Brain revealed, reflecting a 31.2% reduction from the nine-week average to 16 March
Posted: 06/04/2020
PRIMIS Mortgage Network has announced the launch of a new support hub within its exclusive customer relationship management (CRM) system, Toolbox, to help its AR firms during the Covid-19 crisis
Posted: 06/04/2020
Knowledge Bank has announced the addition of second charges and bridging to its Covid-19 live feed, as an increasing number of lenders adjust to the impact caused by the coronavirus pandemic
Posted: 03/04/2020
Bluestone Mortgages has announced it will be suspending all new mortgage applications from today as part of a temporary pause in origination activities
Posted: 03/04/2020
The mortgage market “definitely remains open” and is expected to settle down in the coming weeks, according to Mortgage Advice Bureau (MAB)
Posted: 02/04/2020
The annual price growth for houses in the UK was edging higher before the coronavirus pandemic struck the country, new analysis from Nationwide has revealed
Posted: 02/04/2020
Uinsure has announced a new and exclusive partnership with Beneficial mortgage network
Posted: 01/04/2020
Three major credit reference agencies have confirmed that consumer credit scores will be protected for people with agreed “payment holidays” in place as a result of the coronavirus pandemic
Posted: 01/04/2020
Foundation Home Loans has announced it is temporarily suspending all new applications from 31 March 2020
Posted: 31/03/2020
Paradigm Mortgage Services has added a new section of information to its coronavirus support page to capture lenders’ automatic valuation model (AVM) information and LTV restrictions
Posted: 31/03/2020
The Government is being urged to ensure lenders do not use the recent Bank of England (BoE) interest rate cut to boost profits at the expense of borrowers on standard variable rate (SVR) mortgages
Posted: 31/03/2020
Nationwide has announced it is temporarily withdrawing high LTV mortgage lending to focus on supporting its existing members and processing ongoing applications during the coronavirus crisis
Posted: 31/03/2020
Mortgage Brain has announced it has seen an unprecedented change in lenders’ product ranges, as well as a reduction in the number of ESIS produced from its mortgage sourcing systems
Posted: 30/03/2020
The Conveyancing Association (CA) has endorsed industry-wide guidance to conveyancing firms advising clients on house moves during the coronavirus crisis
Posted: 30/03/2020
The number of mortgage approvals for house purchases continued to rise in February and reached 73,500, new statistics published by the Bank of England (BoE) revealed
Posted: 30/03/2020
Paradigm Mortgage Services has launched a new coronavirus support page for advisers which includes information for all intermediaries to help firms through the crisis
Posted: 27/03/2020
Housing transactions are set to drop by as much as 60% over the next three months, as the market reacts to the impact of Covid-19, according to new research by Zoopla
Posted: 26/03/2020
TMA Club has announced the addition of property finance platform, LendInvest, to its lender panel
Posted: 26/03/2020
Answers in Retirement Group (Air Group) has released an operational update in relation to the coronavirus crisis, indicating that the group primarily intends to carry on with “business as usual”
Posted: 25/03/2020
House prices in the UK increased by 1.3% in the year to January 2020, down from the 1.7% reported in December, new data from the Office for National Statistics (ONS) revealed
Posted: 25/03/2020
Yorkshire Building Society has announced that its customers who have been financially affected by the coronavirus pandemic can now apply for a mortgage payment holiday online
Posted: 24/03/2020
Mortgage Brain has announced the use of its Criteria Hub has seen a marked increase in activity following the introduction of several residential and BTL criteria specifically related to the coronavirus crisis
Posted: 24/03/2020
Sesame Bankhall Group (SBG) has announced the launch of a new support hub to help advisers support their customers through the coronavirus pandemic
Posted: 24/03/2020
The average rental deposit paid by tenants in England has fallen by 10.3% since the ban on tenant fees was introduced in June 2019, new research by Hamilton Fraser’s deposit replacement scheme, Ome, has found
Posted: 24/03/2020
Hanley Economic Building Society has been added to the lending panel of SimplyBiz Mortgages
Posted: 24/03/2020
Equity release is being used the most across all age groups for home improvements, new data from HUB Financial Solutions has revealed
Posted: 23/03/2020
Knowledge Bank has reported that 509 brokers have signed up in less than 24 hours for the free live feed tool it created yesterday
Posted: 20/03/2020
Mortgage Advice Bureau has launched a dedicated mortgage information support service to help homeowners worried about their finances as a result of the coronavirus outbreak
Posted: 20/03/2020
The Mortgage Market Alliance (MMA) has announced several steps that mortgage borrowers can take to alleviate fears during the coronavirus outbreak
Posted: 19/03/2020
Mortgage Brain has revealed a package of measures to help intermediaries and lenders during the coronavirus pandemic
Posted: 19/03/2020
Full-time employees could expect to spend approximately 7.8 times their workplace-based annual earnings on purchasing a home in England in 2019, new data published by the Office for National Statistics (ONS) revealed
Posted: 19/03/2020
Knowledge Bank has created a free tool for brokers to access the information they need to deal with the volume of enquiries they are receiving from clients during the coronavirus outbreak
Posted: 19/03/2020
Sesame Bankhall Group (SBG) has announced the combined mortgage completions in 2019 through its PMS Mortgage Club and Sesame Network were the highest for more than a decade
Posted: 19/03/2020
TMA Club has announced the addition of Gatehouse Bank to its panel of finance providers
Posted: 19/03/2020
United Trust Bank (UTB) has reported a 21% increase in new lending in 2019, having completed £994m of new loans throughout the year
Posted: 18/03/2020
Future generations of older people are more likely to live in rented accommodation than today, according to new data from the Office for National Statistics (ONS)
Posted: 18/03/2020
Chancellor, Rishi Sunak, has announced that mortgage lenders will provide a three-month mortgage holiday to people who need help during the Covid-19 outbreak
Posted: 17/03/2020
Two of the UK’s leading landlord organisations have called for a package of measures from the Government and mortgage lenders to support tenants and landlords affected by the coronavirus outbreak
Posted: 17/03/2020
LSL Property Services has confirmed it will not be merging with Countrywide
Posted: 17/03/2020
The average asking price for UK property coming to market has hit a new record high of £312,625 this month, according to data from the latest Rightmove House Price Index
Posted: 16/03/2020
OneSavings Bank has made new changes to its HMO proposition to enhance its service to brokers
Posted: 16/03/2020
PRIMIS Mortgage Network has announced that Shepherds Friendly is joining its full panel, increasing the range of income protection and over-50s life insurance solutions available to the network’s advisers
Posted: 16/03/2020
In response to the Bank of England’s (BoE’s) emergency decision to cut the base interest rate from 0.75% to 0.25% yesterday, the UK Mortgage Prisoners Action Group has released a statement indicating it would be “writing to all active lenders and inactive and/or unregulated debt collectors”
Posted: 12/03/2020
House buyers will need to exchange contracts before late summer this year to have any realistic hope of moving into a new home before the Help to Buy Equity Loan scheme ends in March 2021, according to Mortgage Advice Bureau
Posted: 12/03/2020
The number of sales of new homes across the UK has increased for the third consecutive month, as has buyer demand and new instructions, according to the February 2020 RICS UK Residential Market Survey
Posted: 12/03/2020
The Office for Budget Responsibility (OBR) has called today’s Budget the ‘largest sustained fiscal loosening’ since Norman Lamont was Chancellor in 1992, but mortgage experts have criticised the lack of relief for first-time buyers
Posted: 11/03/2020
Foundation Home Loans has announced it is joining the lender panel of specialist finance packager, Y3S Bridging & Commercial (B&C)
Posted: 11/03/2020
Fosters Financial has announced the launch of a sister company and online brokerage, Your Mortgage
Posted: 10/03/2020
The outstanding value of all residential mortgage loans was £1.5bn at the end of the fourth quarter of 2019, 3.8% higher than a year earlier, new figures published by the Bank of England (BoE) revealed
Posted: 10/03/2020
LSL Property Services, which includes PRIMIS Mortgage Network and TMA Club, has confirmed an increase in its mortgage lending and announced its mortgage completions totalled £31.7bn in 2019
Posted: 10/03/2020
Online broker searches in the equity release sector saw a significant shift during February, according to new data from Knowledge Bank, which said the month had thrown up ‘surprising results’
Posted: 10/03/2020
Lead campaigner for the UK Mortgage Prisoners Action Group, Rachel Neale, has penned an open letter to the Government ahead of Wednesday’s Budget announcement, calling for more action to be done to help the UK’s mortgage prisoners
Posted: 09/03/2020
Broker Conveyancing has announced it recorded rises in both its instruction and adviser user figures throughout 2019
Posted: 09/03/2020
PRIMIS Mortgage Network has announced the appointment of Chris Astle as regional sales director
Posted: 09/03/2020
SimplyBiz Mortgages has announced that Market Harborough Building Society has joined its lender panel with immediate effect
Posted: 09/03/2020
UK house prices increased by 2.8% in February compared to the same month a year earlier, the latest Halifax House Price Index has revealed
Posted: 06/03/2020
Nottingham Building Society has reported total assets of £3.8bn and that its gross mortgage lending was in excess of £350m in 2019
Posted: 06/03/2020
Seventy-nine per cent of home sellers instructed a high street agent in 2019, up from 63% the year before and the highest rate from the past decade, new research by Zoopla revealed
Posted: 06/03/2020
Thirteen per cent of the UK, or the equivalent of 1.2 million people, are relying on their overdrafts to cover the cost of their mortgage or rental payments, according to new research by comparethemarket.com
Posted: 05/03/2020
Mortgage Brain has revealed more than 817,000 searches were carried out on its Criteria Hub last year, an increase of 147% on the 330,309 searches performed in 2018
Posted: 05/03/2020
LendInvest has joined Legal & General Mortgage Club’s lender panel to extend the distribution of its buy-to-let (BTL) range to more brokers
Posted: 05/03/2020
Sixty-five per cent of UK adults would feel they were being judged for their past financial decisions if they needed to look for a ‘bad credit mortgage,’ according to new research carried out by YouGov for Simply Adverse
Posted: 05/03/2020
Gross mortgage lending in the UK dropped by 0.4% in 2019, the first year to see an annual fall since 2010, new data from UK Finance has revealed
Posted: 05/03/2020
Business and consumer insights expert, Equifax, has announced it is partnering with renting platform, CreditLadder.co.uk, to include rental payment data in its credit assessments
Posted: 05/03/2020
Legal & General Home Finance has joined the Intermediary Mortgage Lenders Association (IMLA)
Posted: 05/03/2020
Hinckley & Rugby Building Society has announced it oversaw a 3.7% rise in its mortgage book in 2019, attracting an additional £45m from savers during its financial year
Posted: 04/03/2020
Older homeowners are anticipating they’ll need an annual retirement income of £35,196, a sum more than double today’s average income in retirement, according to a new report published by the Equity Release Council and Key
Posted: 04/03/2020
TMA Club has announced the addition of Ipswich Building Society to its panel
Posted: 04/03/2020
Trussle has announced the appointment of Ian Larkin as the digital mortgage broker’s new chief executive officer
Posted: 03/03/2020
With new Chancellor, Rishi Sunak, set to reveal his first Budget on 11 March, next Wednesday’s announcement is expected to involve plans that ‘shake up’ the mortgage market, according to AJ Bell
Posted: 02/03/2020
Aspen Bridging has been appointed to Connect for Intermediaries’ bridging panel with immediate effect
Posted: 02/03/2020
The number of mortgage approvals for house purchase rose to 70,900 in January, the highest level since February 2016, according to new figures published by the Bank of England (BoE)
Posted: 02/03/2020
The Mortgage Lender has announced several new rate reductions to simplify its range of buy-to-let (BTL) products
Posted: 28/02/2020
Leasehold homeowners have been unfairly treated while prospective buyers have been misled by housing developers, according to the Competition and Markets Authority (CMA)
Posted: 28/02/2020
Annual house price growth in the UK increased from 1.9% in January to 2.3% in February, reaching the strongest rate for 18 months, according to the latest Nationwide House Price Index
Posted: 28/02/2020
Bankhall and PMS Mortgage Club have announced they are strengthening the protection support available to directly authorised firms by partnering with the online critical illness cover comparison tool, CIExpert
Posted: 28/02/2020
TSB has announced it is supporting the Scottish Government’s First Home Fund pilot scheme, allowing first-time buyers in Scotland to apply for a TSB mortgage to purchase their first property via the Fund
Posted: 27/02/2020
Swansea Building Society has announced it has partnered with the direct‐to‐lender mortgage club, Brilliant Solutions, providing access to a wider range of mortgage brokers
Posted: 27/02/2020
First-time buyers accounted for 81% of the total home purchases through the Help to Buy: Equity Loan scheme in the period between it’s launch in April 2013 and ending September 2019, according to new Government figures
Posted: 27/02/2020
Stonebridge has announced it achieved record results for appointed representative (AR) recruitment into the business during January
Posted: 27/02/2020
Saffron Building Society has announced it is offering mortgage customers a repayment review on a case-by-case basis in the flood affected areas of the UK
Posted: 27/02/2020
The Nottingham for Intermediaries has announced the introduction of a range of limited company buy-to-let (BTL) mortgages
Posted: 26/02/2020
The number of prospective house buyers has increased by more than a quarter since January 2019, while supply of available housing has fallen, new data published by NAEA Propertymark has revealed
Posted: 26/02/2020
House prices across all English cities have risen above pre-crisis peaks for the first time since 2007, according to new data published by Zoopla
Posted: 26/02/2020
Crystal Specialist Finance (CSF) has been appointed to Beneficial Network’s panel to deliver product solutions and education from across its six core specialist divisions
Posted: 26/02/2020
The number of mortgage products available on the UK market has risen by 9.3% over the last 12 months to a new record high, according to new data from Mortgage Brain
Posted: 25/02/2020
A new organisation, the Mortgage Market Alliance (MMA), has been launched to promote the UK mortgage industry, raise awareness among consumers about the range of options available, and highlight the importance of advice
Posted: 25/02/2020
Just Mortgages has announced the appointment of the group’s first female financial services director, Kerry-Ann Davies
Posted: 25/02/2020
First 4 Bridging (F4B) has announced the addition of investment and mortgage specialist, Castle Trust, to its lending panel
Posted: 25/02/2020
The number of remortgages reached 635,277 in 2019, reflecting a rise of 4.2% from the previous year, new data published by LMS has revealed
Posted: 24/02/2020
Almost one million mortgages were approved by the UK’s high street banks during 2019, according to a report published by LearnBonds.com
Posted: 24/02/2020
The Intermediary Mortgage Lenders Association (IMLA) has encouraged the Government to apply a ‘big thinking’ approach to housing in the upcoming Budget announcement in order to start fixing the ‘broken’ UK housing market
Posted: 24/02/2020
Foundation Home Loans has announced a new partnership with packager firm, The Mortgage Trading Company
Posted: 24/02/2020
Mortgage Intelligence has announced the addition of Newcastle Intermediaries to its lender panel
Posted: 24/02/2020
Openwork has announced that it attracted 559 new mortgage and protection advisers across its network last year
Posted: 21/02/2020
Renters are paying up to 18% more each month than those who own their own homes in some parts of the UK, according to new research published by Halifax
Posted: 21/02/2020
The UK’s buy-to-let (BTL) sector remains an ‘extremely attractive proposition’ according to the founder of Dynamo, although the BTL specialist also challenged the sector’s reliance on paper documentation
Posted: 20/02/2020
The number of approved residential mortgages dipped to 66,002 in January compared to the previous month, according to the latest Mortgage Monitor from e.surv
Posted: 20/02/2020
The MCI Club has launched a new digital mortgage broker platform that will be free to use for all existing club members, as well as new registrants
Posted: 20/02/2020
NatWest announced it has introduced a series of new measures to help support customers affected by the serious flooding across England and Wales
Posted: 19/02/2020
The average house price in the UK increased by 2.2% in the year to December 2019, a rise from 1.7% in the year to November 2019, new data from the Office for National Statistics (ONS) revealed
Posted: 19/02/2020
There were 29,490 new first-time buyer mortgages completed in December 2019, a 0.3% rise from the same month in 2018, according to new data published by UK Finance
Posted: 18/02/2020
Retired homeowners have seen their property wealth increase by more than £3,150 in the past year despite the impact of political and economic uncertainty on the housing market, new analysis from Key has revealed
Posted: 18/02/2020
Air Mortgage Club has announced the addition of Chorley Building Society to its retirement lending panel
Posted: 18/02/2020
The FCA built a ‘higher wall’ in the mortgage market when it introduced the mortgage cap in 2014, according to Hargreaves Lansdown
Posted: 17/02/2020
Almost four in 10 landlords believe that tenant demand for residential property will increase over the next 12 months, research by Paragon revealed
Posted: 17/02/2020
More than half (55%) of advisers expect their equity release business to grow over the next three years, with 12% predicting substantial growth while 43% expect modest growth
Posted: 14/02/2020
Second charge mortgage new business volumes grew by 19% in 2019, according to latest figures published by the Finance & Leasing Association (FLA)
Posted: 13/02/2020
Mortgage possession claims increased by 11% from October to December 2019, with mortgage orders rising by 24% and repossessions growing by 9% in the same period, latest figures from the Ministry of Justice have shown
Posted: 13/02/2020
Outgoing head of the FCA and future Bank of England (BoE) Governor, Andrew Bailey, is set to face pressure from the Mortgage Prisoners Campaign Group at a lobby meeting tomorrow
Posted: 12/02/2020
Eighty per cent of over-55s would opt for equity release instead of moving home, according to new research commissioned by Standard Life and leading equity release broker, Age Partnership
Posted: 11/02/2020
Intermediaries were most confident about the outlook of the mortgage market in 2019 during the final quarter of the year, according to the Intermediary Mortgage Lenders Association (IMLA)
Posted: 11/02/2020
Financial services expert, Hargreaves Lansdown, has suggested people who rely on a property alone for retirement are playing a ‘dangerous game’
Posted: 10/02/2020
more2life has launched a new online lending criteria tool to help advisers assess the likelihood of a successful equity release application
Posted: 10/02/2020
The Government has announced plans to proceed with the First Homes scheme aimed at helping more first-time buyers to step onto the property ladder
Posted: 07/02/2020
Annual house price growth saw a rise of 4.1% in January from the same month a year earlier, according to the latest Halifax House Price Index
Posted: 07/02/2020
Rental growth across England and Wales reached 6.1% in the final quarter of 2019, a figure up from the 5.4% growth achieved in the last quarter of 2018, Fleet Mortgages reported
Posted: 07/02/2020
Stonebridge has announced that it recorded £8bn in mortgage completions for 2019, with lending volumes up by 11%
Posted: 06/02/2020
The Borough of Barking and Dagenham in London is the UK’s most popular location for first-time buyers, new analysis by Zoopla revealed
Posted: 05/02/2020
PRIMIS Mortgage Network has announced the addition of specialist lender, Vida Homeloans, to its lender panel
Posted: 03/02/2020
There was £4.6bn worth of net mortgage borrowing by UK households in December, a rise above the £4.2bn average registered over the past six months, according to new statistics published by the Bank of England (BoE)
Posted: 31/01/2020
Greenfield Mortgages announced it has been added to New Leaf Distribution’s panel of bridging lenders
Posted: 31/01/2020
Foundation Home Loans has launched several new fee-assisted, remortgage products across its residential mortgage product range
Posted: 30/01/2020
Just Mortgages has announced further expansion to its New Build division by growing its team to 23 brokers before the end of the first quarter of 2020
Posted: 30/01/2020
Mortgage brokers are predicting a rise in buy-to-let (BTL) business over the next 12 months on the back of landlords expanding their portfolios and strong remortgage levels, according to new research from Paragon Bank
Posted: 29/01/2020
The average monthly payment for those who remortgaged in December decreased by £182.13, according to figures in the latest LMS Monthly Remortgage Snapshot with data for December 2019
Posted: 29/01/2020
TMA Club has announced the addition of Legal & General Home Finance to its lifetime mortgage panel
Posted: 29/01/2020
There was £116m worth of business in the second-charge mortgage market in November 2019, a 17% rise from the same month in the previous year, new business figures from the Finance & Leasing Association (FLA) revealed
Posted: 28/01/2020
There was £22.2bn in gross mortgage lending across the residential market in December 2019, bringing the annual total for the year to £265.8bn, new figures published by UK Finance revealed
Posted: 27/01/2020
Impact Specialist Finance has announced it is maintaining its position on PRIMIS’s approved specialist packager panel, following an extensive review of all panel members
Posted: 27/01/2020
The level of home ownership among people aged 65 and over reached 78.7% in 2018/19, reflecting a sustained rise from 71% in 2003-04, according to new figures released in the English Housing Survey
Posted: 23/01/2020
More than three-quarters of intermediaries are confident about the market’s prospects over the next 12 months, new research from Masthaven Bank revealed
Posted: 22/01/2020
An increasing number of people aged 65 and over are using equity release products to pay off debts and mortgages, according to new customer data published by LV=
Posted: 21/01/2020
Landbay has announced a new partnership with the Financial Intermediary & Broker Association (FIBA) to provide brokers and their landlord clients with access to its specialist lending products
Posted: 20/01/2020
There were 66,253 residential mortgages approved during the final month of 2019, reflecting a 1.9% increase from November’s total, according to the latest figures from e.surv
Posted: 16/01/2020
TMA has added the short-term lender, Greenfield Mortgages, to its panel to strengthen the Club’s bridging proposition
Posted: 16/01/2020
There were 30,620 new first-time buyer mortgages completed in November 2019, reflecting a 10.5% drop from the same month in 2018, new UK Finance data has revealed
Posted: 15/01/2020
Average rates for borrowers seeking high LTV mortgages, those above 95% LTV, have increased to 3%, according to the latest data from AmTrust’s Mortgage Loan to Value (LTV) Tracker
Posted: 15/01/2020
The reduced political uncertainty will support the growth of the UK mortgage market, with gross mortgage lending forecast to reach £268bn in 2020, and £275bn in 2021, according to a new report from the Intermediary Mortgage Lenders Association (IMLA)
Posted: 15/01/2020
Legal & General Mortgage Club has announced that later life lending has been added to its digital, user-friendly criteria search system, SmartrCriteria
Posted: 14/01/2020
TMA Club has announced the addition of the buy-to-let (BTL) lender, Zephyr Homeloans, to its lending panel
Posted: 14/01/2020
Paradigm Mortgage Services has added the bridging and short-term lender, MT Finance, to its lender panel
Posted: 13/01/2020
PMS Mortgage Club and Sesame Network have announced the launch of an exclusive new three-year fixed rate Retirement Interest Only (RIO) mortgage with Buckinghamshire Building Society
Posted: 10/01/2020
Belmont Green has announced that Louisa Sedgwick has been appointed as the new managing director mortgages for its mortgage brand, Vida Homeloans
Posted: 09/01/2020
Criteria searches in the mortgage market showed ‘continuing volatility’ across a range of market sectors in December, new data from Knowledge Bank suggested
Posted: 09/01/2020
Gatehouse Bank has announced new cuts to the rental rates on its entire Buy-to-Let (BTL) range
Posted: 08/01/2020
The 2010s were the weakest decade for house price growth since the 1990s, although prices still rose by 33% over the 10 years, a new report published by Nationwide has revealed
Posted: 07/01/2020
TMA Club has announced it is adding Holloway Friendly to its panel to enhance the Club’s protection proposition
Posted: 06/01/2020
Gross mortgage lending across the residential market during November 2019 was £23.1bn, a figure 3.3% lower than in the same month in 2018, UK Finance data revealed
Posted: 02/01/2020
The number of first-time buyers in the UK have reached a 12-year high in 2019, according to the Yorkshire Building Society
Posted: 02/01/2020
There were 32,260 new first-time buyer (FTB) mortgages completed in October 2019, 2.8% more than in the same month a year earlier, new UK Finance figures have revealed
Posted: 17/12/2019
PMS Mortgage Club and Sesame Network, part of Sesame Bankhall Group, have announced the addition of Hampshire Trust Bank (HTB) to their BTL and bridging finance panels for advisers
Posted: 17/12/2019
Fleet Mortgages, the BTL specialist lender, has announced it has joined the packaging panel of Brilliant Solutions
Posted: 13/12/2019
FTBs may soon find it easier to get onto the property ladder as banks seek to boost their incomes from the mortgage market, a national mortgage broker has predicted
Posted: 11/12/2019
Just Mortgages has announced that eleven new brokers will start training with its broker academy in 2020 after advancing through its selection procedure
Posted: 11/12/2019
The outstanding value of all residential mortgage loans was £1.486bn in the third quarter of 2019, 3.9% higher than a year earlier, according to new data published by the Bank of England (BoE) and the FCA
Posted: 10/12/2019
Smartr365 has announced a new strategic partnership with Brilliant Solutions Mortgage Club
Posted: 10/12/2019
PMS Mortgage Club and Sesame Network, part of Sesame Bankhall Group, have added the Teachers for Intermediaries (TFI) range of mortgage products to its respective panels
Posted: 10/12/2019
Foundation Home Loans has announced it is joining MCI Club’s lender panel and that adviser member firms will be able to access Foundation’s range of residential and specialist BTL products
Posted: 05/12/2019
Mortgage Brain has announced it has completed the first live transaction on Lendex, its new multi-lender application and submission gateway
Posted: 04/12/2019
West One Loans has announced record figures for November 2019, lending over £100m through the month
Posted: 04/12/2019
TMA Club has announced it is adding the retirement lending solutions provider Just to its equity release panel. The move will give TMA members immediate access to the lender’s ‘Just For You’ lifetime mortgage product
Posted: 04/12/2019
Smartr365 has announced it will integrate with Mortgage Engine to enhance its direct-to-lender connections
Posted: 29/11/2019
Gross mortgage lending across the residential market was £25.5bn in October 2019, 0.9% lower than in the same month in 2018, new UK Finance data revealed
Posted: 26/11/2019
The Nottingham has revealed it is introducing a new Retirement Interest Only (RIO) 10-year mortgage fixed at 3.95%
Posted: 26/11/2019
Sixteen per cent of those who take out a Retirement Interest Only (RIO) mortgage on their property do so to provide a family gift, according to new research from Hodge
Posted: 25/11/2019
There were 311,400 homeowners who switched product with their existing provider in the third quarter of 2019, a year-on-year increase of 7.5%, new UK Finance data revealed
Posted: 22/11/2019
Kent Reliance, part of the specialist lending and retail savings group OneSavings Bank, has announced it has joined the Brilliant Solutions Mortgage Club lender panel
Posted: 22/11/2019
Stonebridge has announced the firm broke its record for lending applications submitted during October this year
Posted: 21/11/2019
There were 29,100 new FTB mortgages completed in September 2019, 1.6% more than in the same month in 2018, new UK Finance data revealed
Posted: 19/11/2019
PMS Mortgage Club and Sesame Network, both part of the Sesame Bankhall Group, have added Greenfield Mortgages to their respective bridging lending panels
Posted: 15/11/2019
There were 25 second charge mortgage repossessions in the third quarter of 2019, reflecting a 30.1% drop from the number recorded in Q3 2018, new figures published by the Finance & Leasing Association (FLA) have revealed
Posted: 14/11/2019
There were 71,590 UK homeowner mortgages in arrears of 2.5% or more of their outstanding balance in the third quarter of 2019, new UK Finance data revealed. This represented 0.79% of all outstanding residential mortgages – 9% fewer than in the same quarter in 2018 - meaning the proportion of homeowner mortgages in arrears has remained at a historically low level, with most borrowers continuing to repay their mortgages in full and on time each month
Posted: 14/11/2019
Intermediaries are confident they can ‘weather the storm’ of Brexit and a general election, according to new research from the Intermediary Mortgage Lenders Association (IMLA)
Posted: 13/11/2019
The average UK house price has increased by 1.3% over the year up to September 2019, which was also unchanged from August 2019, new ONS figures revealed
Posted: 13/11/2019
Fleet Mortgages has announced several changes to its lending and product criteria, following feedback from its intermediary partners
Posted: 13/11/2019
Foundation Home Loans has announced several price cuts across its range of two-year BTL fixed rate products
Posted: 13/11/2019
Newbury Building Society has announced it has reduced the rates of its 95% LTV fixed mortgage products to further assist customers taking their first step onto the property ladder
Posted: 12/11/2019
Forty-nine per cent of adults to have experienced adverse credit in the last three years and are planning to purchase a house in the next year with a mortgage, or remortgage, have said they would use online research to find a broker
Posted: 12/11/2019
The average number of mortgages introduced per office in the third quarter of 2019 was 21.9, a 3% drop from Q2 and the lowest figure since Q2 2017, according to Paragon’s latest Financial Adviser Confidence Tracking (FACT) report
Posted: 11/11/2019
Habito has announced a new partnership with Impact Specialist Finance, allowing homeowners with a poor credit history access to Impact’s specialist broker services at no cost
Posted: 08/11/2019
“The mortgage sector today is a world away from the one that existed a decade ago”, executive FCA Board member and director of strategy and competition, Christopher Woolard has said
Posted: 06/11/2019
Second charge mortgage volumes were up by 20% in September
Posted: 06/11/2019
Brilliant Solutions has today announced it is teaming up with Knowledge Bank as its exclusive criteria search provider
Posted: 05/11/2019
Zephyr Homeloans, the specialist buy-to-let lender owned by Computershare, has sharpened the rates on its range of five-year, fixed-rate deals — and lowered some product fees by as much as 0.5%
Posted: 05/11/2019
The proportion of searches for remortgages has increased by 5.3% in the last 12 months, according to new analysis from Experian
Posted: 30/10/2019
Annual house price growth remained below 1% for the eleventh month in a row in October, at 0.4%, according to the latest data from the Nationwide House Price Index
Posted: 29/10/2019
Stonebridge has announced further growth in appointed representative recruitment into its business, as well as a significant year-on-year growth in its mortgage business activity
Posted: 28/10/2019
A total of £988m in property wealth was unlocked by over-55 homeowners between July and September this year, a rise in activity of 8% from Q2, according to the latest figures from the Equity Release Council (ERC). The representative body for the sector revealed that equity release products provided UK over-55s with £11m per day during Q3, up from the total £911m provided during Q2
Posted: 28/10/2019
Average rates are rising and product numbers are dropping for 95% LTV first-time buyer borrowers, according to mortgage insurer, AmTrust
Posted: 28/10/2019
The Mortgage Awards 2020 from MoneyAge are now open to entries for mortgage lenders and providers serving clients in the UK
Posted: 24/10/2019
Gross mortgage lending across the residential market in September 2019 was £22.3bn, 3.7% higher than in the same month in 2018, according to UK Finance. There were 85,880 mortgages approved by the main high street banks in September 2019. Mortgage approvals for home purchase were 13.5% higher, remortgage approvals were 23.4% higher and approvals for other secured borrowing were 8.5% higher than in September 2018
Posted: 24/10/2019
Seventy-two per cent of mortgage enquiries are coming from people who have already been refused a mortgage for not being the ‘perfect candidate,’ according to new findings from Mortgage Experience
Posted: 23/10/2019
Swansea Building Society has become the latest lender to be added to Paradigm Mortgage Service’s lender panel
Posted: 16/10/2019
A total of 35,010 new first-time buyer mortgages were completed in August 2019, 0.7% more than in the same month in 2018, and the highest monthly total since August 2007 when there were 35,070 new first-time buyer mortgages
Posted: 15/10/2019
Foundation Home Loans has launched three new fee-assisted five-year BTL products that will be available across both its Tier 1 and Tier 2 product ranges
Posted: 14/10/2019
Habito has launched a brand-new home-financing service, ‘Habito Go,’ designed to give FTBs the advantages and negotiating power usually only enjoyed by cash buyers
Posted: 14/10/2019
Vida Homeloans has announced new changes to its help-to-buy (HTB) products, cutting its HTB purchase and remortgage rates by up to 0.31%
Posted: 14/10/2019
The average monthly remortgage payment in the UK increased by £214.31 in August, according to new data from LMS
Posted: 14/10/2019
Potential changes from the fallout of Brexit including rental caps and the introduction of a ‘Right to Buy’ for private tenants could be devastating, according to specialist lender representatives speaking at an event in Coventry
Posted: 11/10/2019
Paradigm Mortgages Services has added the later life lender, more2life, to its provider panel
Posted: 11/10/2019
The number of agreements in the second charge mortgage market increased by 12% in August from the previous year, according to new data from the Finance & Leasing Association (FLA)
Posted: 10/10/2019
Buy-to-let specialist Zephyr Homeloans has been appointed to the Legal & General Mortgage Club lender panel
Posted: 09/10/2019
PMS Mortgage Club and Sesame Network, part of Sesame Bankhall Group, have bolstered their specialist lending panels with the addition of BTL lender, Axis Bank UK
Posted: 08/10/2019
Intermediary-only lender Foundation Home Loans has confirmed a new partnership with mortgage network Mortgage Intelligence
Posted: 08/10/2019
Connect for Intermediaries has been appointed by Legal & General Mortgage Club as one of its recommended partners on its new referral service, SmartrRefer
Posted: 08/10/2019
Saffron Building Society says it has extended the terms and reduced the rates and fees on its expat mortgages “in response to feedback from intermediaries”
Posted: 07/10/2019
Paragon has launched a new intermediary portal, with additional features to make it easier for buy-to-let mortgage intermediaries to make and manage applications online
Posted: 07/10/2019
OneSavings Bank and Charter Court Financial Services Group have now combined their two businesses, it has been announced
Posted: 07/10/2019
Legal & General has secured the go-ahead from the FCA to launch an advice business for Legal & General Home Finance’s range of lifetime mortgages
Posted: 04/10/2019
Bluestone Mortgages will be joining PRIMIS Mortgage Network’s lender panel, the two companies have announced today
Posted: 02/10/2019
Hinckley & Rugby Building Society has boosted its later life lending offering, unveiling a new five-year fix as well as a cut in interest rates on two existing later life products, including a RIO mortgage
Posted: 02/10/2019
Mortgage approvals fell to £3.9 billion in August, but this followed a strong net flow of £4.5 billion in July, so the figure remains in line with the post 2016 average, according to the Bank of England’s latest Money and Credit statistical release. The industry has responded positively to the figures, hailing them as a sign of the market’s strength in difficult times.
Posted: 30/09/2019
Gross mortgage lending across the residential market in August 2019 was £24bn, 3.2% lower than in the same month in 2018, according to UK Finance
Posted: 25/09/2019
Homeowners who lapse onto their lender’s Standard Variable Rate (SVR) mortgage are facing the ‘ultimate loyalty penalty’ of £4,500 per year on average, according to research from online mortgage broker, Trussle, or collectively are missing out on £9bn worth of savings
Posted: 25/09/2019
Sainsburys Bank is to immediately stop new mortgage sales as part of its financial services five year plan
Posted: 25/09/2019
PMS Mortgage Club has announced that specialist lender Together has been added to its panel
Posted: 24/09/2019
JLM Mortgage Services has revealed that advisory firm Fosters Financial has now joined its mortgage and protection network
Posted: 24/09/2019
Homeowners aged over 55 unlocked £1.85bn in housing wealth in the first half of this year, according to the Equity Release Council’s Autumn 2019 Market Report
Posted: 24/09/2019
SimplyBiz Mortgages has announced that Reliance Bank has joined its lenders panel with immediate effect
Posted: 24/09/2019
Mortgage advisers have seen a surge in enquiries from those aged over 55 looking for ways to help their children or grandchildren onto the property ladder, according to a new industry survey
Posted: 20/09/2019
The all-time lowest fixed interest rate for a lifetime mortgage has been launched in the UK by Responsible Lending
Posted: 20/09/2019
Habito has unveiled its first suite of company buy-to-let (BTL) mortgages, adding to the individual BTL mortgages that it launched two months ago
Posted: 18/09/2019
Mortgage lending has gone up across the majority of the sector, according to the new Mortgage Trends Update released by UK Finance
Posted: 17/09/2019
Sainsbury’s is in talks with financial advisers as it explores a sale of its mortgage book for £1.3bn
Posted: 16/09/2019
Vida Homeloans has unveiled a new education campaign called Every mortgage tells a story, that aims to assist brokers in identifying specialist customers
Posted: 16/09/2019
Foundation Home Loans has announced the launch of two new five-year buy-to-let (BTL) fixed-rate mortgages, as well as a series of rate cuts across other products in its range
Posted: 16/09/2019
The number of new agreements for second charge mortgages rose by nearly a quarter in July, according to the latest figures from the Finance & Leasing Association (FLA)
Posted: 13/09/2019
Specialist lender Together has today revealed record growth as its loan book reached a new high of £3.7bn
Posted: 13/09/2019
Paragon Banking Group has announced today that it will be appointing Richard Rowntree as its new managing director of mortgages, subject to regulatory approval
Posted: 12/09/2019
Borrowers who originally came through the intermediary channel but opt to conduct future mortgage business via execution-only channels have been branded ‘a missed opportunity’ for advisers
Posted: 11/09/2019
The proportion of mortgages advanced last quarter with a loan to value (LTV) ratio exceeding 90% was the highest in nearly 11 years, the latest official statistics have shown
Posted: 10/09/2019
The Money Group has rolled out a new enquiry to completion mortgage processing CRM platform for brokers across all of its brands
Posted: 10/09/2019
Interest only loans continued to attract strong attention from mortgage brokers and borrowers in August, according to the latest analysis released by criteria search specialist Knowledge Bank
Posted: 10/09/2019
Earl Shilton Building Society (esbs) has joined the SimplyBiz Mortgages panel
Posted: 09/09/2019
Smartr365 has announced the upcoming integration of Legal & General Mortgage Club’s digital mortgage criteria searching tool, SmartrCriteria
Posted: 09/09/2019
Specialist lender, Hodge, has launched the UK’s first ever RIO mortgage with a fixed rate for life
Posted: 09/09/2019
First-time buyers (FTBs) will continue to be the largest home buyer group in the UK over 2019, accounting for 36 per cent of residential property sales, data published by Zoopla revealed
Posted: 06/09/2019
House prices held steady in August, recording a 0.3 per cent monthly rise and a 0.1 per cent quarterly rise in the month, according to the latest Halifax House Price Index
Posted: 06/09/2019
An unfurnished, pet-friendly home with access to a garden is the most desirable rental property, according to research conducted by specialist Buy-to-Let (BTL) lender Landbay
Posted: 04/09/2019
Online financial advice service OpenMoney has appointed James Brocklebank as head of mortgage proposition, as the firm extends its offering to include mortgage advice
Posted: 03/09/2019
One in six people admitted they will definitely be over the age of 65 by the time they finish repaying their mortgage, while another 9 per cent said they have no idea when it will be paid off, research from Hargreaves Lansdown revealed
Posted: 02/09/2019
House prices in London could fall by up to 7% by the end of 2020 if the UK leaves the bloc without a deal on 31 October, according to research from accountancy firm KPMG
Posted: 02/09/2019
Mortgage approvals for house purchase increased in July to 67,300, the highest level since July 2017, latest figures published by the Bank of England (BoE) have shown
Posted: 30/08/2019
Just under a third (28 per cent) of families are saving to be able to help their children with the deposit on their first home, according to figures published by Foresters Friendly Society
Posted: 28/08/2019
Gross mortgage lending across the residential market in July 2019 was £26.1bn, 2.9% higher than the same month in 2018 and the highest since March 2016, latest statistics from UK Finance have revealed. In its latest Household Finance Update, UK Finance said there were 95,126 mortgages approved by the main high street banks in July 2019, the highest monthly total since July 2009 when the figure stood at 99,970. Mortgage approvals for home purchase were 16.4% higher, remortgage approvals were 19.4% and approvals for other secured borrowing were 12.7% higher than the same month a year earlier
Posted: 27/08/2019
Conveyancing cases have dropped to their lowest number for two years, according to latest figures
Posted: 22/08/2019
John Charcol has formed an equity release referral partnership with Key Partnerships
Posted: 22/08/2019
UK homeowners on a fixed rate repayment mortgage could save £5,895 and reduce their term by three years and two months by overpaying an extra £100 a month, new research has shown
Posted: 22/08/2019
Residential property transactions in July dropped 12.4% annually and 8.5% monthly, totalling 86,630, according to the latest figures from HM Revenue & Customs (HMRC)
Posted: 21/08/2019
Right to buy was amongst the most-searched-for residential lender criteria by brokers for the first time in July, according to Knowledge Bank’s monthly criteria tracker
Posted: 20/08/2019
There were 9,960 new first-time buyer (FTB) mortgages completed in London in Q2 2019, 1.2 per cent more than in the same quarter in 2018
Posted: 20/08/2019
The amount of prospective home buyers who meet the qualifying criteria for every mortgage deal on the market is as low as 3.5 per cent, according to analysis from Experian
Posted: 19/08/2019
Chancellor Sajid Javid stated he has no plans to transfer stamp duty from buyers to sellers, claiming in a tweet that it’s a motion he “wouldn’t support”
Posted: 19/08/2019
A third of all landlords intend to remortgage over the course of the next 12 months, with larger, portfolio landlords much more likely to do so within a limited company
Posted: 16/08/2019
The number of first-time buyer (FTB) and homemover mortgage completions dropped by 1.5 per cent and 3.6 per cent respectively in June, according to UK Finance’s latest Mortgage Trends data
Posted: 15/08/2019
Almost 80 per cent of brokers claimed some of their clients have expressed some dissatisfaction with the manual, paper-based mortgage process
Posted: 14/08/2019
Five brokers in Just Mortgages’ self-employed division will now be trading as commercial brokers thanks to a partnership with leading commercial broker Fiducia
Posted: 13/08/2019
A majority (52 per cent) of mortgage brokers claimed the specialist lending market will grow by at least £1bn over the next six months, according to Bluestone Mortgages Specialist Lending Tracker
Posted: 09/08/2019
Specialist lender Together has increased its maximum age to 85, meaning those aged up to 82 can take out a loan from the provider
Posted: 09/08/2019
The proportion of homeowner mortgages in arrears remained at “historically low levels” in Q2 2019, figures published by UK Finance revealed
Posted: 08/08/2019
Almost a third (30 per cent) of older homeowners are using equity release to repay unsecured debt while 20 per cent are using it to repay mortgages, analysis from Key revealed
Posted: 08/08/2019
Average house prices dipped once again in July, falling 0.2 per cent month-on-month to £236,120, after being recorded at £237,110 last month
Posted: 07/08/2019
Prime property prices in the capital recovered slightly in the second quarter of 2019, edging up 3.1 per cent when compared to prices at the end of 2018
Posted: 06/08/2019
A two-speed equity release market emerged in the second quarter of 2019 as sales of new drawdown mortgages increased, while take-up of new lump sum mortgages mirrored the volumes seen in Q1 2018, figures published today found
Posted: 31/07/2019
Vida Homeloans has announced the launch of a new range of Help-to-Buy (HTB) specialist mortgage products for first-time buyers, movers and remortgagers which includes an option specifically designed for HTB staircasing
Posted: 30/07/2019
The self-employed are selling “selling themselves short” when it comes to the prospect of homeownership, according to specialist lender Together
Posted: 29/07/2019
Demand from investors for bridging finance has gathered pace as Brexit uncertainty continued to mound alongside lending restrictions on banks, data from Bridging Trends revealed
Posted: 26/07/2019
Gross mortgage lending in June was down on May’s total and the figure from June 2018, according to the latest figures published by UK Finance
Posted: 24/07/2019
The Public Accounts Committee (PAC) has slammed the government for failing to sell enough public land for new houses to be built on, arguing it has prolonged “the nation’s housing crisis”
Posted: 24/07/2019
ME Group, the legal tech business, has asked MPs for help in encouraging regulatory bodies to speed up thousands of claims for mortgage mis-selling and mortgage overpayments
Posted: 22/07/2019
TMA Club has today announced its partnership with insurance provider, LV=, to offer its members access to the lender’s Lifetime Mortgage Lump Sum+ and Flexible Lifetime Mortgage products
Posted: 22/07/2019
Average equity release loans taken out by customers slipped in value by nearly £2,000 to £76,064 in the first half of 2019, when compared to H1 2018, suggesting that the market has stabilised in the face of economic and political uncertainty, according equity release adviser Key
Posted: 19/07/2019
Annual house price growth dipped from 1.5 per cent in April to 1.2 per cent in May, driven mainly by a slowdown in the south and east of England, according to data from the Office for National Statistics (ONS)
Posted: 17/06/2019
Key workers, such as nurses and teachers, are being priced out of London and the South East as private rents soar beyond average wages
Posted: 16/07/2019
The number of remortgages completed in May increased sharply compared to the same month last year, rising almost 20 per cent, while purchases dipped slightly, figures from UK Finance revealed
Posted: 16/07/2019
The length of mortgage term being taken out by first-time buyers (FTBs) and the loan to value (LTV) opted for have both significantly increased since the beginning of 2018, according to new research from HSBC
Posted: 15/07/2019
The price of property coming to market has fallen by 0.2 per cent (-£656) in July 2019, the first monthly fall recorded this year, according to data published by Rightmove
Posted: 15/07/2019
Sadiq Khan is on course to miss one of his main housing targets, according to critics, after recently published figures revealed that just over 300 homes have been built on land owned by Transport for London (TfL)
Posted: 11/07/2019
Britain’s housing market displayed tentative signs of recovery in June as interest among buyers rose for the first time since shortly after 2016’s Brexit referendum, according to the Royal Institution of Chartered Surveyors (RICS)
Posted: 11/07/2019
Searches for lenders accepting first-time landlords has been revealed as the most popular search for UK mortgage criteria, according to data from criteria specialist Knowledge Bank
Posted: 10/07/2019
Online mortgage broker Trussle is calling for a ‘Mortgage Switch Guarantee’ to make switching fairer for homeowners, after discussing the growing need for transparency and accessibility to mortgage switching with MPs
Posted: 10/07/2019
Knight Frank has become the first estate agent to offer later life lending advice, offered through its Knight Frank Finance arm to those over 55
Posted: 09/07/2019
Specialist buy-to-let (BTL) lender Landbay today announced it has received a further £1bn to bolster its mortgage lending
Posted: 08/07/2019
In the latest quarter (April to June), house prices increased by 2.4 per cent over the previous quarter, with property prices remaining stable despite mounting uncertainty surrounding the UK’s departing from the bloc
Posted: 05/07/2019
The number of second charge mortgage agreements written in May increased by 22 per cent when compared to May 2018, rising to 2,378, according to data published by the Finance & Leasing Association (FLA)
Posted: 05/07/2019
The government is at risk of missing its target to build 300,000 homes a year by the mid-2020s if it does not embrace modern methods of construction (MMC) and shrug off its reliance on traditional methods, according to the Housing, Communities and Local Government Committee. The report, published today, underlined that the UK has not built enough homes, leading to increased housing costs, and urged that the “ambitious target” to build 300,000 homes annually is not feasible due to constraints such as the shortages of skilled workers
Posted: 03/07/2019
Almost 40 per cent of landlords want the government to introduce a fast track housing tribunal if the Section 21 ‘no-fault’ eviction process is abolished, according to Paragon’s PRS Trends Report for Q2 2019
Posted: 03/07/2019
Since Prudential Regulation Authority (PRA) CEO Sam Woods warned that the Bank of England (BoE) is watching mortgage rates “like a hawk”, wholesale cuts to the average two-year fixed rate have dwindled and the average rate has started to instead increase, rising from 2.47 per cent in May to 2.5 per cent in July
Posted: 02/07/2019
UK house price growth remained subdued in June, with prices increasing by just 0.5 per cent when compared to June 2018, taking the average property price to £216,515, according to the latest Nationwide House Price Index published today
Posted: 02/07/2019
Homeowners could be offered better mortgage rates for improving the energy efficiency of their homes under plans rolled out by the government today
Posted: 01/07/2019
Net mortgage lending to households fell to £3.1bn in May, marking the smallest increase in mortgage lending in a month since April 2017, figures published by the Bank of England (BoE) revealed
Posted: 01/07/2019
Retired homeowners saw their property wealth increase by more than £1,000 over the last 12-months, despite current housing market uncertainty, analysis from equity release adviser Key revealed
Posted: 28/06/2019
Despite house prices in London falling, first-time buyers (FTBs) are still often paying more than homemovers to begin their climb on the housing ladder, analysis from Gatehouse Bank revealed
Posted: 27/06/2019
Mortgage lenders supported 84,900 first-time buyers (FTBs) get onto the housing ladder in the North of England in 2018, up 3 per cent when compared to the previous year and the highest level since 2006, figures published today revealed
Posted: 27/06/2019
Gross mortgage lending across the residential market was down 0.4 per cent in May 2019 when compared to the same month in 2018, falling to £21.9bn, according to the latest figures published by UK Finance
Posted: 26/06/2019
FCA chief executive Andrew Bailey has called for the full regulation of mortgage lending
Posted: 25/06/2019
Increasing the number of advisers in the later life sector and raising customer awareness are two of the major challenges needing to be addressed, Key Advice CEO Will Hale said
Posted: 25/06/2019
Almost a quarter (73%) of specialist lending intermediaries feel confident about the specialist mortgage market’s prospects over the next 12 months – up by 12% from the previous year
Posted: 25/06/2019
Barclays Mortgages has made improvements to its Family Springboard Mortgage, making it easier for first time buyers to get onto the property ladder
Posted: 24/06/2019
TMA Club has announced a new partnership with Eligible.ai, providing members of the club access to Eligible.ai’s automated customer retention tool - ‘Retain’
Posted: 24/06/2019
InterBay Commercial, part of specialist mortgage provider and retail savings group OneSavings Bank, was approached by Vantage Finance on behalf of a client seeking refinance of a block of flats and capital raising to repay existing development finance totalling just under £16m
Posted: 19/06/2019
Average house prices across the UK increased by 1.4 per cent in year to April 2019, down from 1.6% in March 2019, figures published in the Office for National Statistics (ONS) UK House Price Index: April 2019 revealed
Posted: 19/06/2019
The number of interest-only mortgages fell by 13.1 per cent to 1.23 million in 2018 when compared to 2017, UK Finance figures revealed
Posted: 19/06/2019
The ‘Bank of mum and dad’ (BoMaD) will lend £6.3bn in 2019, rising 10 per cent from £5.7bn in 2018, making the ‘lender’ the eleventh largest in the UK, research from Legal & General (L&G) and Cebr revealed
Posted: 18/06/2019
The asking price of newly-marketed property prices neared a record high in June, driven by a number of regions defying a market slowdown amid political uncertainty, data from Rightmove suggested
Posted: 17/06/2019
Since its launch in April 2013 up until December 2018, 211,000 loans with a value of £11.7bn had been lent to homeowners via the Help-to-Buy scheme, according to figures published by the National Audit Office (NAO). In its latest Help to Buy: Equity Loan scheme – progress review, the office revealed that between April 2013 and September 2018. 38 per cent of all new-build property sales have been supported by loans through the scheme, accounting for around 4 per cent of all house purchases during this period
Posted: 14/06/2019
There were 27,370 new first-time buyer (FTBs) mortgage completion in April 2019, 7.9 per cent more than in the same month in 2018, suggesting that prospective homeowners are displaying resilience despite uncertainty
Posted: 13/06/2019
Just under 40 per cent of self-employed borrowers are making “worrying lifestyle changes” and professional sacrifices in a bid to start the climb on the property ladder, new research from online mortgage broker Trussle revealed
Posted: 12/06/2019
The outstanding value of all residential mortgage loans was £1,451bn in the first quarter of 2019, 3.4 per cent higher than in the same period last year, despite Brexit uncertainties amounting
Posted: 11/06/2019
The Association of Consulting Actuaries is in favour of allowing younger pension savers the flexibility to access their pensions to use towards a deposit for a house, provided there are ‘sufficient safeguards’ it has said
Posted: 10/06/2019
Average house prices in the UK creeped up to £237,837 in May, representing an annual increase of 5.2 per cent, according to the latest Halifax House Price Index
Posted: 07/06/2019
Mortgage broker earnings were up 13 per cent between 2017 and 2018, rising to £1.31bn from £1.16bn, according to data collected the Financial Conduct Authority (FCA)
Posted: 06/06/2019
The difference between the average two-year and five-year fixed mortgage rate has shrunk by 0.06 per cent, from 0.42 per cent to 0.36 per cent since the beginning of the year, the lowest difference recorded in seven years. The average two-year fixed rate has fallen by 0.03 per cent from 2.52 per cent in January 2019 to 2.49 per cent this month, while the average five-year fixed rate decreased by 0.09 per cent from 2.94 per cent to 2.85 per cent over the same period
Posted: 04/06/2019
Indexes from both Mercer and PwC have revealed that the deficits of UK defined benefit pension schemes increased during May
Posted: 04/06/2019
First-time homebuyers should be allowed to access their pension savings to help them get on to the property ladder, Housing Minister, James Brokenshire has suggested
Posted: 04/06/2019
Half (47 per cent) of non-homeowning employees in the UK do not believe they will ever be able to afford to get on the property ladder, despite home ownership remaining an aspiration for 65 per cent of them
Posted: 03/06/2019
Average UK house prices fell 0.2 per cent in May, after growing by 0.3 per cent in April, after taking seasonal factors into account, Nationwide’s House Price Index revealed
Posted: 31/05/2019
UK challenger banks have failed to break the big five bank's stranglehold on the UK's household deposits market, despite offering savers much higher levels of interest when compared to their larger rivals
Posted: 30/05/2019
Deutsche Bank’s wealth management branch yesterday announced the launch of a service to offer regulated mortgages to private-banking clients in the UK
Posted: 30/05/2019
TMA Club is urging advisers to begin proactively consulting clients who are coming towards the end of their government equity loan as part of the Help-to-Buy (HTB) scheme
Posted: 29/03/2019
The number of mortgages approved by main high street banks in April 2019 was 5.4 per cent higher than in the same month in 2018, despite gross mortgage lending across the residential market falling 1.4 per cent to £20.3bn
Posted: 28/05/2019
In Q1 2019, £839.6m worth of equity was released, with 35 per cent of retired homeowners using this new-found wealth to clear credit card debts, while 28 per cent cleared their mortgage, data from equity release adviser Key revealed
Posted: 24/05/2019
Specialist lender Paragon reported a first-half profit increase due to surging commercial and residential mortgage lending volumes, despite political and economic uncertainty
Posted: 23/05/2019
House prices in London plummeted 1.9 per cent in the year to March, the largest annual fall in the country, while across the rest of the UK, property prices increased 1.4 per cent, Land Registry figures revealed
Posted: 23/05/2019
Kent Reliance for Intermediaries, part of specialist mortgage provider OneSavings Bank, has partnered with Mortgage Force to refinance a block of flats and raise capital to repay existing development finance totalling just under £13m
Posted: 22/05/2019
Following the government’s announcement last week that it will consult on legislation to abolish Section 21 eviction (no-fault evictions), Spicerhaart Corporate Sales managing director Mark Pilling has said it “could exacerbate the problem” already being felt in the private rented sector
Posted: 22/05/2019
Despite economic uncertainty during a time where house prices in the capital are stagnating, the number of first-time buyer (FTB) mortgage completions in the first quarter of 2019 was up 1.6 per cent on Q1 2018, reaching 9,410
Posted: 22/05/2019
Tesco Bank has announced its departure from the mortgage market, along with its intention to sell its existing £3.7bn portfolio, which could affect more than 23,000 customers
Posted: 21/05/2019
The year-on-year decline on London house prices continued despite the annual spring surge, with sales in inner London taking the biggest hit, according to data from Rightmove
Posted: 20/05/2019
The anticipated directory of mortgage brokers, which was first announced in last year’s Mortgage Market Study Interim Report, will take at least a further year to deliver, according to AMI chief executive Robert Sinclair, and is unlikely to include any complaints data
Posted: 17/05/2019
AMI chief executive Robert Sinclair has described the Financial Conduct Authority’s (FCA) consultation paper on mortgage advice and selling standards as “one of the most deceitful documents I’ve seen”
Posted: 17/05/2019
Challenger banks OneSavings Bank and Charter Court yesterday reported loan book growth ahead of their planned £1.6bn merger, with the terms confirmed in March, ahead of the UK’s planned departure from the European Union
Posted: 16/05/2019
There were 28,800 new first-time buyer (FTB) mortgages completed in March 2019, highlighting a 2.4 per cent decrease when compared to March 2018, and the first year-on-year decrease since September 2018
Posted: 16/05/2019
Nearly three quarters (71 per cent) of the UK’s self-employed population cited their employment status as a disadvantage when it comes to obtaining a mortgage, according to online mortgage broker Trussle. There are currently 4.85 million self-employed people in the UK, though this figure is expected to increase to 5.5 million by 2022, with the community potentially soon outnumbering the public-sector workforce
Posted: 15/05/2019
The Moving Hub yesterday launched its revolutionary conveyancing proposition into the mortgage intermediary sector with an exclusive promotion with Knowledge Bank
Posted: 14/05/2019
The average rent for a property in the UK increased by just under 1 per cent (0.96 per cent) in the year to April, as slow rents in London (0.66 per cent) continued to drag on otherwise resilient growth in the rest of the UK (1.11 per cent), according to the latest Landbay Rental Index
Posted: 13/05/2019
In March, the second charge mortgage market reported its highest level (31 per cent) of monthly new business volumes since October 2008, new data published by the Finance & Leasing Association (FLA) revealed
Posted: 10/05/2019
The winners of the second Mortgage Awards 2019 were announced last night at a glittering gala ceremony in London attended by over 250 people
Posted: 10/05/2019
In the first quarter of 2019, there were 76,580 homeowner mortgages in arrears of 2.5 per cent or more of the outstanding balance, 4 per cent fewer than in the same period last year, data from UK Finance revealed
Posted: 09/05/2019
The number of surveyors reporting a drop in the level of properties coming to market rather than a rise was at its highest since June 2016 last month, according to the Royal Institution of Chartered Surveyors (RICS)
Posted: 09/05/2019
Online mortgage broker Trussle has displayed its concern over the “shocking” number of ‘mortgage prisoners’, with 200,000 homeowners trapped in an expensive deal
Posted: 08/05/2019
Mortgage intermediaries introduced an average of 24.5 mortgages in the first quarter of 2019, up by 6 per cent from 23 mortgages in Q4 2018 and by 10 per cent when compared to the same period last year
Posted: 08/05/2019
Average UK house prices grew by 1.1 per cent in April after falling by 1.3 per cent in March, figures published in the latest Halifax House Price Index revealed
Posted: 08/05/2019
Almost three quarters (73 per cent) of over 50s would support “one stamp duty free move” for those looking to downsize, up from 70 per cent in 2017, data from Saga suggested
Posted: 07/05/2019
Almost half of mortgage customers (49%) now opt for an initial fixed period of five years or more
Posted: 02/05/2019
The FCA is seeking feedback on whether providers operating in the mortgage space are currently meeting changing consumer needs from different age groups
Posted: 02/05/2019
Annual house price growth in the UK remained “subdued” at just 0.9 per cent in April, when compared to the same month in 2018, according to the latest Halifax House Price Index
Posted: 01/05/2019
Following a weak February, mortgage activity picked up in March, with households borrowing an extra £4.1bn secured against property in the month, new figures revealed
Posted: 01/05/2019
Almost three quarters of Londoners between the ages of 18 and 34 still live with their parents, highlighting the property affordability crisis currently seen in the capital, new research has found
Posted: 01/05/2019
In the first quarter of 2019, £936m of housing wealth was unlocked by owners aged over 55, representing an 8 per cent year-on-year increase, according to the latest figures from the Equity Release Council (ERC)
Posted: 29/04/2019
Gross mortgage lending across the residential market in March 2019 was £20bn, 0.5 per cent lower than the same month in 2018, new data from UK Finance has revealed In its latest Household Finance Update, the association revealed that the number of mortgages approved by the main high street banks in March 2019 was 9.1 per cent higher than in the same month last year, despite gross lending being down
Posted: 26/04/2019
The House of Lords committee on intergenerational fairness has called on the government to reform stamp duty, among other things, in a wide-ranging report published today
Posted: 25/04/2019
The provisional seasonally adjusted count of residential property transactions totalled 101,830 in March 2019, 6.8 per cent more than in March 2018, latest figures revealed
Posted: 24/04/2019
Almost a quarter of female homeowners over the age of 55 have not contributed towards a private pension, compared to just 6 per cent of men, according to research from SunLife
Posted: 24/04/2019
In February 2019, there were 24,880 new first-time buyer (FTB) mortgages completed, 4.1% more when compared to February last year, highlighting that FTBs continue to take advantage of low interest rates amid political and economic uncertainty, data from UK Finance revealed
Posted: 18/04/2019
Average house prices in the UK increased by just 0.6 per cent in the year to February 2019, dropping significantly from the 1.7 per cent growth recorded in January, figures published today revealed
Posted: 17/04/2019
The cost of a first-time buyer (FTB) house has increased by almost £10,000, resulting in raised monthly and annual costs for FTBs taking out average mortgages, mortgage insurer AmTrust has found
Posted: 12/04/2019
House prices, as measured by the House Price Index, increased by 4.2 per cent in both the European Union (EU) and the euro area in the fourth quarter of 2018, when compared to the same quarter a year earlier, new figures revealed
Posted: 12/04/2019
Over a third of property investors want buy-to-let lenders to apply a manual underwriting process for professional landlords, as they struggle to obtain buy-to-let mortgages from larger high street lenders, MT Finance has revealed
Posted: 10/04/2019
Landlords across the UK have “scaled back” their buying intentions, reduced their reliance on mortgage debt and improved affordability by spending less of their rental income on mortgage payments, research conducted by Paragon has found
Posted: 09/04/2019
While the average time taken for a first-time buyer (FTB) to save a 15 per cent deposit has dropped by six months since Q4 2016, in Q4 2018 it still took more than 10 years, according to new data
Posted: 08/04/2019
In February this year, the second charge mortgage market reported its strongest rate of new business volumes growth since May 2017, increasing by 24% when compared to February 2018, figures published by the Finance & Leasing Association (FLA) revealed
Posted: 05/04/2019
House prices in the UK in the three months to March were 3.2% higher when compared to the same three months a year earlier, the latest Halifax House Price Index revealed
Posted: 05/04/2019
One in four Britons have predicted that the ownership era is coming to an end, with more than 40 per cent of adults believing they will never own their own home, research has found
Posted: 03/04/2019
In the second half of 2018, the number of equity release customers increased by 23 per cent year-on-year, taking the total number to 43,879, including 24,907 agreed new plans, the Equity Release Council (ERC) revealed. In its Spring 2019 Market Report, the ERC found that drawdown lifetime mortgages remained the most popular type of new plan, with 64 per cent of new customers opting for drawdown plans in H2 2018, just 36 per cent of new customers chose lump sum plans
Posted: 02/04/2019
Over the course of a decade, London mortgages have become increasingly less affordable, despite remaining below the 2007 peak when mortgage payments accounted for more than half (52.4%) of earnings, Halifax revealed
Posted: 01/04/2019
Around two-thirds of under-30s have claimed they would prefer to spend money on travelling, rather than saving for their first home, according to research from Hoxton Capital Management
Posted: 28/03/2019
Just a third of those over the age of 55 who are aware of equity release realised that they are able to release equity from their home, while having an outstanding mortgage, according to research from SunLife
Posted: 27/03/2019
In January 2019, there were 25,100 new first-time buyer mortgages completed, highlighting year-on-year (YOY) growth of 4.6% when compared to January 2018, figures published by UK Finance revealed
Posted: 26/03/2019
A third of homeowners, who have moved since 2016, claimed that the deciding factor was growing Brexit concerns, according to new research from online mortgage broker Trussle
Posted: 25/03/2019
Average house prices in the UK increased by 1.7% in the year to January 2019, down from 2.2% in December 2018, which, according to the Office for National Statistics (ONS), is the lowest annual rate since June 2013, when it was 1.5%
Posted: 20/03/2019
Due to a slowing property market, apartment prices across the UK have plummeted over the year, with some areas experiencing drops of more than 7%, presenting first-time buyers (FTBs) with an opportunity to get on the property ladder, new research from Gatehouse Bank has revealed
Posted: 19/03/2019
Rental price growth in East London over the last seven years has significantly outperformed West London, with renters in East London seeing twice the growth of their West London counterparts, new research has found
Posted: 18/03/2019
Property prices in London fell in March as Brexit uncertainty halted the annual spring bounce, and are down almost 4% year-on-year, while the number of sales agreed in February was also nearly 10% lower in the capital when compared to February last year, new data has found
Posted: 18/03/2019
Potential buyers’ interest in fixed-rate mortgage deals remained high in February, with 81 per cent of shoppers taking them into consideration, the latest figures from Experian revealed
Posted: 14/03/2019
House prices in the UK are set to decline this year after the Office for Budget Responsibility (OBR) slashed its forecast, while the Royal Institute of Chartered Surveyors’ (RICS) revealed that Brexit was stunting sales
Posted: 14/03/2019
The abolition of stamp-duty for first-time buyers (FTBs) has supported 240,000 people in getting on to the property ladder, with FTBs accounting for more than 50% of the property buying population for “the first time in a generation”, Chancellor Philip Hammond announced in today's Spring Statement
Posted: 13/03/2019
The typical UK homeowner is still paying off their mortgage in retirement, with retirees aged between 64 and 75 still owing an average of £11,400 on their mortgage, according to the latest TISA and KPMG Savings Index
Posted: 12/03/2019
The outstanding value of all residential mortgage loans was £1.44bn in the final quarter of 2018, illustrating growth of 3.3% when compared to Q4 2017, figures published by the Bank of England (BoE) revealed
Posted: 12/03/2019
Credit card and personal loan new business together fell in January by 3%, when compared to the same month in 2018, while retail store and online credit new business fell by 1%, figures published by the Finance and Leasing Association (FLA) revealed
Posted: 08/03/2019
Over a third of mortgage brokers (34%) claimed to have referred more than a quarter of their client base to a specialist lender in the past 12 months, research from Bluestone Mortgages revealed
Posted: 07/03/2019
A total 11,000 new first-time buyer mortgages were completed in London in the fourth quarter of 2018, 5.8% more than in the same quarter of 2017, according to latest figures published by UK Finance
Posted: 27/02/2019
Gross mortgage lending in the UK across the residential market in January 2019 was £21.6bn, some 1.5% lower than in the same month in 2018, figures from UK Finance revealed
Posted: 26/02/2019
Between the launch of the Help to Buy scheme on 1 April 2013 and 30 September 2018, over 195,000 properties have been purchased with an equity loan, with the total value of these equity loans amounting to £10.66bn and the value of properties sold under the scheme totalling £49.89bn, according to new data
Posted: 26/02/2019
Buyers and sellers in Britain’s housing market remained subdued in January, with stamp duty and Brexit uncertainty adding to the traditional new year slowdown, suggested data published by HM Revenue & Customs (HMRC) yesterday
Posted: 22/02/2019
Retired homeowners living without the burden of a mortgage saw their homes increase by nearly £1,000 a month over the past six months amid housing market uncertainty, according to analysis from independent equity release adviser Key
Posted: 22/02/2019
A majority (55 per cent) of homeowners over the age of 55 have stated that they cannot see themselves moving in their lifetime, according to a survey conducted by SunLife
Posted: 20/02/2019
There were 370,000 new first-time buyer mortgages completed in 2018, a figure that is 1.9% higher than that reported in 2017, and the highest reported number of first-time buyer mortgages since 2006 when there were 402,800, new data revealed
Posted: 19/02/2019
Confidence in the UK’s economy fell to its lowest level since January 2018, with 36% of the British population claiming to feel optimistic about the current economic climate, the latest Lloyds Bank Spending Power Report revealed
Posted: 18/02/2019
The number of homes repossessed in the UK last year fell to its lowest level since 1980, figures from UK Finance revealed
Posted: 14/02/2019
In the final quarter of 2018, there was 28 second charge mortgage repossessions carried out, down by 26.3 per cent when compared to the same period a year earlier
Posted: 14/02/2019
Mortgage advisers have predicted “virtually no growth” in business levels in the first quarter of 2019, revealed Paragon’s latest Financial Adviser and Confidence Tracking (FACT) index. This forecast places expected growth in mortgage transactions during the early part of 2019 at their lowest level since the onset of the global financial crisis in 2008
Posted: 14/02/2019
Average house prices in the UK increased by 2.5% in the year to December 2018, down from 2.7% in November 2017, and the lowest annual rate since July 2013 when it was 2.3%, the latest figures from the Office for National Statistics (ONS) has revealed
Posted: 13/02/2019
Consumer finance new business grew by 4% in December 2018, increasing to £7.9bn, when compared to the same month in 2017, and by 5% in the fourth quarter of 2018 as a whole, new research has found
Posted: 08/02/2019
The shortlist for The Mortgage Awards 2019 has been revealed
Posted: 07/02/2019
House prices in the three months to January were 0.8% higher than in the same three months a year earlier, dropping from the 1.3% annual growth rate recorded in December, new data has revealed
Posted: 07/02/2019
The parent company of Virgin Money, CYBG, posted a 1.5 per cent mortgage growth for the first quarter of its financial year, though has warned of uncertain market conditions ahead
Posted: 06/02/2019
A majority of UK property investors are set to expand their portfolios in 2019, remaining resilient despite a backdrop of political uncertainty and a squeeze on affordability, new research has found
Posted: 04/02/2019
Annual house price growth “almost ground to a complete halt” in January, with prices just 0.1% higher than in the same month last year, Nationwide’s most recent House Price Index revealed
Posted: 01/02/2019
Annual consumer credit growth slowed to 6.6% in December 2018, highlighting the continuation of “relatively weak flows”, according to the Bank of England’s (BoE) Money and Credit – December 2018
Posted: 30/01/2019
In the fourth and final quarter of 2018, £136 of housing wealth was unlocked every second between October and December, almost matching the weekly state pension allowance of £164, according to the year-end market figures from the Equity Release Council (ERC)
Posted: 24/01/2019
There were 36,200 new first-time buyer mortgages completed in November 2018, some 5.8% more than in the same month a year earlier, new figures from UK Finance revealed
Posted: 17/01/2019
Consumers are bracing themselves for a major financial crisis and housing crash this year, according to a new poll from wealth management firm Spearvest
Posted: 17/01/2019
Fresh fears for the future of London’s property market were introduced this morning, with a new survey from the Royal Institution of Chartered Surveyors (Rics) forecasting the lowest level of growth in the capital in two decades
Posted: 17/01/2019
Retired homeowners released £3.6bn in new property wealth last year, with the equity release market doubling in size in just three years, according to new data from equity release adviser Key
Posted: 16/01/2019
Property prices across a number of markets are going to fall this year as a result of the uncertainty surrounding Brexit and the US trade policy, estate agency Savills has predicted
Posted: 15/01/2019
Over half (52%) of brokers feel as though the specialist lending market will grow by at least £1bn over the next six months, according to a survey conducted by Bluestone Mortgages
Posted: 14/01/2019
The current political climate is acting as a primary deterrent for those in a strong financial position and ready to begin their climb on the property ladder, research from OneFamily has revealed
Posted: 10/01/2019
Household debt across the UK has reached a new peak, totalling £428bn, analysis from the Trades Union Congress (TUC) has revealed
Posted: 08/01/2019
House prices in the three months to December were 1.3% higher than in the same three months a year earlier, up from the 0.3% annual growth rate recorded in November, the latest Halifax House Price Index has revealed
Posted: 08/01/2019
First-time buyer mortgage approvals hit their highest level in more than ten years in 2018, revealed the latest data from UK Finance
Posted: 03/01/2018
As the debit card overtook cash as the UK’s most popular payment method in 2017, ex-financial ombudsman chief ombudsman Natalie Ceenie has warned that the UK is at risk of becoming a cashless society, having a detrimental effect on millions of people
Posted: 02/01/2019
Gross mortgage lending across the residential market in November 2018 was £23.1bn, falling by 2% when compared to the figure posted in November 2017, according to the latest data from UK Finance’s Household Finance Update – November 2018
Posted: 02/01/2019
The value of residential product transfer is set to hit £150bn by the end of this year, but an “advice gap” in the remortgage is still prevalent, conveyancing firm LMS has warned
Posted: 21/12/2018
On average, house prices fell by 0.2% in October when compared to September, despite growing by 2.7% on an annual basis, taking the average price of a property in the UK to £231,095, new research has found
Posted: 19/12/2018
Further fears in relation to the future of London’s property market have been highlighted, with the Royal Institution of Chartered Surveyors (Rics) today forecasting further price falls in the capital as Brexit concerns take their toll
Posted: 13/12/2018
Almost 2.5 million (12%) young adults have returned to live in their parents’ home with their partner in tow, with a quarter of those doing so to save for a house deposit, new research from Churchill Home Insurance has found
Posted: 12/12/2018
In October, there were 50,500 new homeowner remortgages completed, some 23.2% more than in the same month a year earlier, with the £9.2bn of remortgaging in the month marking year-on-year growth of 22.7%, new data has revealed
Posted: 12/12/2018
The share of new lending for buy-to-let (BTL) purposes declined to 12% in the third quarter of 2018, its lowest record level since Q4 2012, while the value of residential mortgage loans continued to increase, new data has revealed
Posted: 11/12/2018
Annual house price growth across the UK in the three months to November was 0.3% higher compared to the same three months a year earlier, the latest Halifax House Price Index has revealed
Posted: 07/12/2018
Young people whose parents have property wealth are now almost three times as likely to be homeowners by the age of 30, compared to those whose parents have no property wealth, according to a new report published by the Resolution Foundation
Posted: 04/12/2018
A leading think tank has called on the government to abolish stamp duty for pensioners in a bid to encourage downsizing and to free up homes for younger families
Posted: 03/12/2018
The Help to Buy scheme has seen a 15% year-on-year increase in its use in England, with 49,264 properties being purchased, while in London its use has risen by a staggering 34%, new data has revealed
Posted: 30/11/2018
The number of mortgages approved by the main high street banks in October dropped by 4.1%, when compared to the number of approvals on October last year, according to UK Finance’s Household Finance Update – October 2018
Posted: 26/11/2018
There were 11,700 new first-time buyer mortgages completed in London during the third quarter of 2018, illustrating a 2.6% increase on the same period las year, figures from UK Finance have revealed
Posted: 21/11/2018
Just under two thirds (61%) of millennials feel like they overspend on entertainment, such as on nights out and trips to the cinema, with a further 34% believing they spend too much on eating out, a study has revealed
Posted: 20/11/2018
The number of money-back mortgages available to consumers has plummeted by a staggering 82% in the last six months, according to a study conducted by CashbackRemortgages.co.uk
Posted: 14/11/2018
Throughout September, there were 29,400 new homemover mortgages completed, approximately 8.4% lower when compared to September 2017, revealed the latest Mortgage Trends Update from UK Finance
Posted: 13/11/2018
Consumer finance new business dropped by 1% in September when compared to the same month last year, according to data published by the Finance & Leasing Association (FLA) today
Posted: 08/11/2018
The proportion of British adults claiming they want to move from renting to buying their next home has more than doubled over the course of 2018, increasing from 24% to 58%, new data has revealed
Posted: 08/11/2018
House prices in the three months to October were 1.5% higher when compared to the same three months in 2017, slowing from the 2.5% annual growth recorded in September, and recording the slowest rate of growth since March 2013, new data revealed
Posted: 07/11/2018
Retired homeowners are increasing their finances by an average of £76,967 as the equity release market continues to break records, according to new data from the UK’s leading independent equity release adviser Key
Posted: 07/11/2018
Since 1997, house prices have rocketed by 173% while those aged between 25 and 34 have only seen real incomes increase by 19%, stated Financial Conduct Authority (FCA) executive director of strategy and competition Chris Woolard
Posted: 06/11/2018
UK homeowners should be handed back £181m of easy remortgage commissions that have been earned over the past year, as brokers are not doing “anywhere near enough” to earn them, according to CashbackRemortgages.co.uk founder Suchit Sethi
Posted: 02/11/2018
House prices grew at their slowest annual rate since May 2013 in October, according to Nationwide’s latest House Price Index
Posted: 02/11/2018
Specialist bank Aldermore has today reduced the rate on its two-year fixed 95% LTV mortgage product, with the change coming into effect immediately
Posted: 01/11/2018
Prime Central London house price growth could soar by 15% over the next five years if Britain signs a trade deal with the European Union (EU), according to a new report
Posted: 01/11/2018
During yesterday’s Budget, Chancellor Philip Hammond announced that the cancellation of stamp duty for first-time buyers will be extended to first-time buyers of shared ownership properties valued at up to £500,000, which has been labelled as “only right” by Trussle CEO and founder Ishaan Malhi
Posted: 30/10/2018
As Chancellor Philip Hammond prepares to deliver his Budget this afternoon, 34% of prospective first-time buyers have argued that they want the government to introduce policies to reduce the number of empty homes across the UK
Posted: 29/10/2018
Ahead of the autumn budget, equity release lender more 2 life has revealed its ‘wish list’, calling on Chancellor Philip Hammond to provide greater support to the retirement lending sector
Posted: 26/10/2018
Nearly one third of UK adults do not think they would be eligible to borrow any money in the form of a mortgage, research from comparethemarket.com has revealed
Posted: 25/10/2018
The power tenants hold is growing across the UK, with 66% of landlords renting at below the market rate prepared to accept a reduction of up to £100 a month on the market value to secure reliable renters
Posted: 25/10/2018
Gross mortgage lending across the residential market in September was £21.5bn, approximately 1.2% lower than the figure posted a year earlier, according to the latest statistics from UK Finance
Posted: 24/10/2018
Millennials, aged between 18 and 34, are having to make sacrifices that were previously unheard of in previous generations to get onto the property ladder, according to a new study conducted by online mortgage broker Trussle
Posted: 24/10/2018
The proportion of landlords looking to remortgage is now at an all-time high, with them accounting for 57% of all buy-to-let (B2L) business in the third quarter of 2018, new research has revealed
Posted: 23/10/2018
Workers in Central London can save an average of £483,342 by commuting up to an hour each day, according to new research from Lloyds Bank
Posted: 22/10/2018
A record breaking £1.02bn in equity was released between July and September, equivalent to £11m of property wealth unlocked each day, revealed the Equity Release Council’s (ERC) latest quarterly lending figures
Posted: 19/10/2018
Average house prices in the UK have increased by 3.2% in the year to August 2018 and, despite being down from 3.4% in July 2018, have remained broadly stable at a national level since April 2018, new data has revealed
Posted: 17/10/2018
There were 35,500 new first-time buyer (FTB) mortgages completed in August, approximately 2% more than the same month a year earlier, representing £6.1bn of new lending, a 5.2% increase year-on-year, according to the latest figures from UK Finance
Posted: 16/10/2018
A staggering 58% of first-time buyers claimed that their parents bought their first home at a younger age than them, according to a recent study conducted by Larkfleet Homes and First Time Buyer Magazine
Posted: 15/10/2018
Property price growth in the capital will be put “on pause for the next two years” until Brexit negotiations are fully completed, according to a Savills analysis that was recently released
Posted: 12/10/2018
Over half of renters (51%) had only been shown their tenancy agreement after they had put down money on the property, revealed Citizens Advice
Posted: 11/10/2018
With the number of house buyers on the decline, piling further pressure on London’s already strained property market, the Royal Institution of Chartered Surveyors (RICS) said there was “caution” as Bank of England (BoE) governor Mark Carney warned of a potential 35% drop in prices in the event of a no-deal Brexit
Posted: 11/10/2018
House prices in the latest quarter were 1.8% higher than in the preceding three months, marking the third consecutive rise on this measure, revealed the latest House Price Index published by Halifax
Posted: 05/10/2018
Over a third of millennials have claimed they prioritise saving for a deposit on a home instead of their retirement, with a fifth of them stating that buying a property is the main reason they do not save more into their pension, according to new research from Prudential
Posted: 04/10/2018
House prices across the UK increased by 0.3% in September compared to August, taking the average property price to £214,922 as oppose to £214,745 the previous month, according the Nationwide’s most recent House Price Index
Posted: 02/10/2018
Gross mortgage lending for the total market in August was £24.1bn, some 1.2 per cent lower than a year earlier
Posted: 26/09/2018
Vida Homeloans has made improvements to its new build proposition and introduced a speedier remortgage process by allowing conveyancers to use its no search indemnity insurance
Posted: 25/09/2018
Average house prices in the UK have increased by 3.1% in the year to July 2018, slightly down from 3.2% in June 2018, and marking the lowest UK annual rate since August 2013 when it was 3%,the UK House Price Index published by the Office for National Statistics (ONS) has revealed
Posted: 19/09/2018
The London housing market has demonstrated signs of recovery, with figures at the top end of the market increasing by 6% year-on-year
Posted: 17/09/2018
Homeowners who lapse onto their lender’s Standard Variable Rate (SVR) are being stung with over £2,500 a year in extra interest, according to analysis from online mortgage broker Trussle
Posted: 12/09/2018
The residential remortgaging market has seen its strongest July in a decade, according to UK Finance's Mortgage Trends Updatee for July
Posted: 12/09/2018
The outstanding value of all residential loans has continued to grow in the second half of 2018, rising to £1,417.2bn, illustrating a 3.8% growth compared to Q2 2017, according to the Bank of England’s Mortgage Lenders and Administrators Statistics: 2018 Q2
Posted: 11/09/2018
House prices in the UK in the three months to August increased by 3.7%, compared to the same period a year earlier, according to Halifax’s recently published House Price Index for August 2018
Posted: 07/09/2018
The average rental price in the UK has risen by 0.13%, the highest monthly increase since April 2016, according to the Landbay Rental Index
Posted: 06/09/2018
Retired homeowners have gained £45.7bn in property wealth in the past year, despite housing market worries, according to analysis from independent equity release adviser Key
Posted: 06/09/2018
Around 55 per cent of people not saving into a pension blame low income, lack of work or still being in education, an increase of 17 per cent from 38 per cent in 2010-12
Posted: 05/09/2018
Gross mortgage lending for the total market in July was £24.6bn, some 7.6 per cent higher than a year earlier
Posted: 24/08/2018
Lloyds Bank is refunding one standard monthly mortgage payment up to £1,000 to customers who remortgage from another lender
Posted: 20/08/2018
On average, over 55s have £283,206 worth of equity in their homes, according to the latest data from SunLife
Posted: 17/08/2018
In a bid to enhance its support for first-time buyers, M&S Bank has extended its maximum loan to value (LTV) to 95% on three new products, a two and five-year fixed rate mortgage and two-year tracker mortgage
Posted: 17/08/2018
Since the launch of the Help to Buy (HTB) ISA, 146,753 property completions have been supported by the scheme, according to the latest figures from HM Treasury’s Help to Buy: ISA scheme Quarterly Statistics
Posted: 16/08/2018
Over half (52%) of landlords are positive about being a landlord in the current economic and political climate, while just 16% were concerned and felt worried, according to recent research from Your Move
Posted: 15/08/2018
Throughout June, there were 34,900 new first-time buyer mortgages completed, 3.6% lower than the figure reported in June 2017, equating to £5.8bn of new lending and representing a decrease of 1.7% year-on-year, according to UK Finance’s Mortgage Trends Update for June 2018
Posted: 14/08/2018
The number of British adults planning to move home in 2018, which was previously consistent at 8%, has dropped to 6% in the 48 hours following the BoE’s announcement to increase its base rate, according to new research from AA Financial Services
Posted: 13/08/2018
First-time buyers have seen a 21% hike in property prices over the last decade, with the average price rocketing from £172,659 in 2008 to £208,741 now, according to the latest First-Time Buyer Review from Halifax
Posted: 13/08/2018
Rental prices could rise by 15% by 2023 as the supply of new rental properties slows down, according to a recent survey by the Royal Institution of Chartered Surveyors (RICS)
Posted: 10/08/2018
The shortlist for the MoneyAge Awards 2018 has been revealed
Posted: 10/08/2018
In the second quarter of 2018, there were 76,740 homeowner mortgages in arrears of 2.5% or more of the outstanding balance, 8% lower than the figures reported in the second quarter of 2017, according to the most recent statistics from UK Finance
Posted: 09/08/2018
More properties are being taken off the market than are being sold for the first time in two years, new research from Reapit and Dataloft has revealed
Posted: 08/08/2018
Paragon revealed that nine out of ten mortgage intermediaries keep a record of customer maturity dates, which allows them to proactively contact their customers to discuss remortgaging options at an appropriate time
Posted: 07/08/2018
House prices in the three months leading to July increased by 3.3% compared to the same period a year earlier, with the average house price rising and hitting a new record of £230,280, according to the most recent Halifax House Price Index
Posted: 07/08/2018
Rental prices in the UK, excluding London, increased by 1.18% in the 12 months to July 2018, representing the slowest annual rental increase in five years, according to the figures from Ladbay’s most recent Rental Index
Posted: 02/08/2018
Howeowners taking out a mortgage with one of the UK’s big six lenders could be paying almost £900 more by choosing the lowest rate deal, revealed online mortgage broker Trussle
Posted: 01/08/2018
According to Nationwide’s most recent House Price Index published this morning, annual house price growth rose 2.5% in July, up from the 2% figure reported last month
Posted: 01/08/2018
Greater London has experienced a sharper rise in asking rent prices than anywhere else in the UK for the first time in over three years, according to new statistics from Rightmove
Posted: 26/07/2018
More than half (55%) of homeowners aged 55 were unaware that the cash lump sum they would receive from releasing equity in their home is tax free, according to a recent survey conducted by SunLife
Posted: 25/07/2018
Estimated gross mortgage lending for the total market in June is £23.5bn, 2.1% higher than the figure recorded last year, according to the latest UK Finance Household Finance Update – June 2018
Posted: 25/07/2018
Legal & General Mortgage Club director Kevin Roberts said “overall housing transaction figures are stagnant”, following the publication of data from HM Revenue and Customs (HMRC) which revealed that property transactions decreased by 3% between May and June, falling to 96,370
Posted: 24/07/2018
Homemovers accounted for approximately 49% of the housing market in the first six months of 2018, a considerable drop compared to 2011 when they accounted for 62% of the market, and below first-time buyers for the first time since 1995, according to the latest Lloyds Bank Homeowner Review
Posted: 20/07/2018
Lloyds lost market share in UK mortgages last year as Royal Bank of Scotland (RBS), HSBC and other challenger banks gained, according to the figures published by UK Finance yesterday
Posted: 19/07/2018
Average house prices in the UK have increased by 3% in the year to May 2018, a decrease from the 3.5% figure reported in April, the lowest annual rate experienced since August 2013, according to the latest statistics from the Office for National Statistics (ONS) published in its UK House Price Index: May 2018
Posted: 18/07/2018
London house prices are set to drop as much as two per cent this year, according to a report from PwC which suggested fresh evidence of a slump in the capital’s property market
Posted: 13/07/2018
In May, there were 32,200 new first-time buyer mortgages completed, representing an 8.1% increase compared to the same month a year earlier, according to the latest figures from UK Finance’s Mortgage Trends Update
Posted: 12/07/2018
Retired homeowners released £1.71bn of property wealth in the first six months of the year, as the equity release market continued its record-breaking expansion, according to the latest data from Key Retirement’s H1 2018 Equity Release Market Monitor
Posted: 11/07/2018
The Bank of England (BoE) should prevent house prices from rising by imposing mortgage restrictions on buyers in the UK, according to a new report from think tank The Institute for Public Policy Research (IPPR)
Posted: 11/07/2018
Only 28% of 18-24 year olds know what shared ownership is and how it works, with only 19% of property buyers in the last ten years using a government buying scheme to secure their property, with a smaller 6% having used the shared ownership scheme, according to research from TotallyMoney
Posted: 10/07/2018
House prices in the UK in the three months to June 2018 were 1.8% higher than in the same period a year earlier, proving to be marginally lower than the 1.9% annual growth reported last month, according the latest Halifax House Price Index
Posted: 06/07/2018
Rental costs in London rose by 0.10% in the 12 months to June 2018, the first annual rental increase in the capital for 18 months, according to the data from the Landbay Rental Index
Posted: 05/07/2018
Despite homeowners being able to potentially save almost £300 per month by switching mortgage providers, 58% of them are put off by the jargon-filled contracts, revealed data from Habito
Posted: 29/06/2018
Mortgage advisers who offer clients access to retirement interest-only (RIO) mortgages but do not have an equity release ‘outlet’ could be creating potential problems in the future, said Hodge Lifetime national account manager James Young
Posted: 28/06/2018
UK annual house price growth softened to 2% in June, after reaching an annual growth rate of 2.4% in May, according the latest figures from the Nationwide House Price Index
Posted: 27/06/2018
Estimated gross mortgage lending for the total market in May was £22.2bn, 8.8% higher than the figures reported in May 2017, according to the latest statistics from UK Finance
Posted: 26/06/2018
Vida Homeloans is the first specialist mortgage lender to join the Joint Borrower Sole Proprietor (JBSP) market sector, launching its Helping Hand product to assist parents in getting their children onto the housing ladder without being on the title deeds and jointly owning the property
Posted: 26/06/2018
The average death in service benefit would leave Brits an average £67,678 shortfall on their mortgage
Posted: 21/06/2018
Kent Reliance launches income backed BTL for limited companies and individual lending
Posted: 15/06/2018
West One Secure Loans is now able to offer residential second charge mortgage products to borrowers whose main residence is located in mainland Scotland, the lender has announced
Posted: 15/06/2018
Knowledge Bank has announced the launch of its new monthly criteria activity tracker to keep brokers and lenders up to date with criteria movements in the mortgage and loan sectors
Posted: 15/06/2018
There was strong growth in remortgaging in April 2018, with new homeowner mortgages up 36% and buy-to-let remortgages up 32.4% compared to the same month a year earlier according to UK Finance’s latest Mortgage Trends Update
Posted: 14/06/2018
Foundation Home Loans has increased its borrowing limits and reduced rates across its buy-to-let range, including products for limited companies and individuals with prior landlord experience financing a HMO
Posted: 14/06/2018
Average house prices in the UK have increased by 3.9% in the year to April 2018, a decrease on the 4.2% figure released in March 2018, according to the latest UK House Price Index published by HM Land Registry and Office for National Statistics
Posted: 13/06/2018
The UK mortgage market “boasted” substantial growth between April and May, with first-time buyers among the main beneficiaries, according to the latest Mortgage Monitor from e.surv
Posted: 13/06/2018
London house prices are expected to fall this year as Brexit hampers demand, according to a Reuters poll of housing market specialists
Posted: 07/06/2018
Rental growth in England, not including London, dropped to 1.18% in the year to May 2018, representing the smallest annual increase in five years, according the latest figures from the Landbay Rental Index
Posted: 07/06/2018
UK house prices are currently 106 times higher than they were when England won the World Cup in 1966, growing three times faster than wages, according to research from mortgage broker, Trussle
Posted: 06/06/2018
Just Group has developed a unique lifetime mortgage product enabling Saga customers to receive a monthly payment
Posted: 06/06/2018
Net lending for consumer credit was £1.8bn in April, a tremendous increase compared to the £0.4bn reported in March, according to the Bank of England’s (BoE) Money and Credit: April 2018 report
Posted: 31/05/2018
UK annual house price growth slowed “modestly” in May to 2.4%, from 2.6% in April, according to the Nationwide House Price Index
Posted: 31/05/2018
The number of landlords remortgaging is running close to record levels, according to Paragon’s latest Financial Adviser Confidence Tracking (FACT) Index
Posted: 30/05/2018
British expats acquiring buy-to-let (B2L) property in the UK are typically squandering £40,000 on unnecessary transaction costs, exchange and loan rates in the first five years, according to research from Thistle Finance and Mercury FX
Posted: 30/05/2018
London homebuyers receive more help from their parents to buy a home than in any other region, with residents of the capital also having the highest parental contributions – almost £31,000 per transaction on average
Posted: 29/05/2018
A new report has found that those who privately rent before and during retirement will need to accrue a pension pot of around £450,000 to live comfortably, whereas mortgage-free homeowners are estimated to need £250,000
Posted: 24/05/2018
The average house price in England in the year to March 2018 grew by 4%, up from 3.9% in the year to February 2018, according to the latest UK House Price Index published by HM Land Registry
Posted: 23/05/2018
The estimated, seasonally adjusted number of residential property transactions increased by 3.5% between March 2018 and April 2018, but this figure is 2.7% lower than that reported during the same period in 2017, revealed HMRC’s UK Property Transactions Count – April 2018
Posted: 22/05/2018
Although London has experienced a recent slowdown in the rise of its property prices, the average amount a first-time buyer in the capital will have to pay has now increased to over £400,000, double that paid by first-time buyers across the rest of the UK, according to research from Lloyds Bank
Posted: 21/05/2018
House prices in London and the South East have continued to slump, despite hitting a record high across the UK as a whole, data published by Rightmove has revealed
Posted: 21/05/2018
UK Finance’s Mortgage Trends Update for March 2018 revealed a slight increase in the lending to first-time buyers compared to a year earlier, while the remortgaging market slowed down
Posted: 16/05/2018
Although property prices in London are falling, a lack of housing is driving rental prices up by 5% a year, according to data from Haart
Posted: 15/05/2018
Vida Homeloans has widened its B2L expat criteria and now lends to existing UK property owners working in FATF member countries around the world, including Australia, America and Canada, the lender has announced
Posted: 14/05/2018
Vida Homeloans is to roll out distribution of its second charge mortgage range, offering a range of Residential and Buy to Let (BTL) second charge mortgages through master brokers; Loans Warehouse, CSC Loans, Positive Lending, Brightstar, Specialist Finance, Complete FS, Loan.co.uk and Promise Solutions
Posted: 11/05/2018
More than four-fifths (81%) of UK homeowners who bought a property in the last 12 months would use a mortgage broker if they were securing their mortgage again, according to the latest figures from Legal & General’s Mortgage Myths campaign.
Posted: 11/05/2018
The winners of the inaugural Mortgage Awards 2018 were announced last night at a glittering gala ceremony in London attended by over 200 people
Posted: 11/05/2018
There were 78,800 homeowner mortgages in arrears of 2.5% or more of the outstanding balance in the first quarter of 2018, representing an 8% drop compared to the same period in 2017 and the lowest level since records began in 1994, according to UK Finance’s latest Mortgage Arrears and Possessions Update
Posted: 10/05/2018
London’s housing market has experienced its worst month in nearly a decade, with surveyors expecting prices to drop even further over the next year
Posted: 10/05/2018
House prices in the last three months to April were 2.2% higher than in the same three months in 2017, according to the Halifax House Price index, a decline from the 2.7% annual growth recorded in March
Posted: 08/05/2018
The average rental costs for a property in England has risen in the year to April by 0.64%, bringing the monthly average price to £1,232 per month, despite rental costs in London falling by 0.27%, according to the latest Landbay Rental Index
Posted: 03/05/2018
Last time buyers now own £938bn of UK housing stock and will reach the £1trn mark before the end of this year, according to new research published by Legal & General
Posted: 30/04/2018
Belmont Green Finance has announced that it has completed a £308m UK mortgage-backed securitisation led by NatWest markets and Macquarie Bank and co-managed by Barclays
Posted: 30/04/2018
The bridging loan product has continued to grow in popularity since 2011, when the market was valued at £750m in the UK. Today, however, it is roughly estimated to be at £5bn, according to the Association of Short Term Lenders, representing a huge increase in the demand for short-term lending as many homeowners, first-time buyers and buy-to-let landlords take advantage of low interest rates
Posted: 27/04/2018
Gross mortgage lending in March is estimated to have been £20.5bn, 2.3% lower than the figure reported in March 2017, according to UK Finance’s update on lending for March 2018
Posted: 26/04/2018
More than 80,000 people have had their mortgage help stopped according to the first official figures released since changes were made to the Support for Mortgage Interest (SMI) scheme
Posted: 25/04/2018
Following Vida’s successful entry into the first charge mortgage market, with 8,000 intermediaries now registered to do business and over £400m in mortgage completions in its first year of trading, the lender has moved its HQ to larger premises in Staines-upon-Thames
Posted: 24/04/2018
Homeowners aged 55+ released £870m from the value of their homes between January and March 2018; an increase of 120% from the £394m seen in Q1 2016, according to the latest quarterly lending figures from the Equity Release Council (the council)
Posted: 18/04/2018
There are many options for millennials when it comes to getting on the property ladder, claiming that “an outdated view of mortgages and the property ladder persists amongst some audiences", Leeds Building Society has said
Posted: 18/04/2018
Total homeowner house purchases, including first-time buyers and home movers, reached 50,000 in February, the highest levels recorded in February since 2007, according to UK Finance’s latest mortgage trends update
Posted: 17/04/2018
The UK’s bridging sector ended in a strong position in 2017 with a particularly powerful performance in Q4, yielding a new high of £5bn, according to West One’s Bridging Index
Posted: 16/04/2018
Halifax research has revealed that today, 16 April, homeowners have earned on average a sufficient amount to cover their mortgage payments for the rest of 2018, based on the average annual mortgage repayment cost of £8,039 and an average annual income of £27,724
Posted: 16/04/2018
London’s housing crisis has continued as buyer demand falls for the 11th consecutive month, according to a new UK residential survey by the Royal Institution for Chartered Surveyors (Rics)
Posted: 12/04/2018
Greater London was the largest contributor towards stamp duty tax takes, at around 39%, with over £600m coming from two boroughs; Kensington and Chelsea and the City of Westminster
Posted: 09/04/2018
The second charge sector reached £1.02bn in 2017, the highest levels seen since the financial crash and a 9% growth over 2016. The market also experienced seven consecutive months of increased annualised lending, according to Enterprise Finance’s Second Charge Report
Posted: 06/04/2018
Rental payments across the UK accounted for 52% of the average disposable income of £1,471 for those living outside of London, with the average monthly rental payment coming in at £761 outside of the capital
Posted: 05/04/2018
More than half of brokers (52%) said that they have used specialist lenders more frequently since the PRA’s new guidelines for portfolio landlords came into effect in October, according to new research from Kent Reliance
Posted: 03/04/2018
Vida Homeloans has widened its B2L Expat criteria for a limited number of distributors to accommodate existing UK property owners working in FATF member countries across the globe, whilst its ‘EEA only’ B2L Expat product continues to be available to the entire market
Posted: 03/04/2018
Gross mortgage lending is forecast to continue growing in 2018, the eighth consecutive year in a row, to reach its highest level since 2007, with falling inflation to support the growth despite the uncertainty surrounding Brexit, according to the Intermediary Mortgage Lenders Association’s (IMLA) forecast, The New Normal: Prospects For 2018
Posted: 29/03/2018
Oliver Wade looks at how a rising base rate could affect the UK mortgage market
Posted: 28/03/2018
Only 35% of working consumers believe that they have seen an increase in their household income over the past 12 months, according to the latest Lloyds Bank Spending Power Report
Posted: 27/03/2018
Gross mortgage lending in February was estimated to have been £19bn, 4.9% more than the previous year but below the monthly average of £21.4bn seen throughout 2017, according to the figures published in the Lending Update by UK Finance
Posted: 26/03/2018
In 2016/17, 28% of people owned their own home, with a mortgage, compared to 37% in 2006/07.
Posted: 23/03/2018
Second charge mortgage new business volumes increased by 13 per cent in January 2018 compared to the same period the year before, resulting in a value growth of 8 per cent, equating to £76m and 1,645 new deals, according to the Finance & Leasing Association (FLA)
Posted: 21/03/2018
Housing prices in the UK have grown by 4.9% since January 2017, according to the UK housing pricing index (HPI), with Scotland and the East Midlands seeing the largest growth at 7.3%
Posted: 20/03/2018
Due to stamp duty increasing by 3% on buy-to-let (B2L) investments, 69 per cent of landlords have been “put off” investing in further rental property, according to the Residential Landlords Association, despite rented homes becoming the “norm” in the UK
Posted: 20/03/2018
February 2018 saw mortgage approvals fall by 1.25% compared to the previous month and 2.6% lower than in February 2017, according to e.surv’s latest mortgage monitor
Posted: 19/03/2018
Mortgages in the UK have reached their most affordable level in a decade, according to new research from Halifax, despite house prices rising by 3% in the past year
Posted: 19/03/2018
Recent figures published in a report on the same day as the Spring Statement reveal “catastrophically low” numbers have opted into a scheme to prevent their support for mortgage interest (SMI) benefit being cut off in April
Posted: 16/03/2018
A demand for specialist residential mortgages is being “driven by a diverse set of customer needs”, primarily from those that are self-employed, according to Paragon’s Q4 2017 FACT index report, involving 198 mortgage intermediaries
Posted: 15/03/2018
The number of remortgages in January 2018 reached a nine-year high while the number of first-time buyers and home movers both increased compared to the same period in the previous year, UK Finance’s latest mortgage trends update has revealed
Posted: 14/03/2018
Vida Homeloans has launched a new ‘Vida Premier’ range, covering both residential and buy to let mortgages, with rates starting from 2.79% for specialist residential businesses and an LTV of up to 70%, and 2.89% for specialist buy to let businesses, also with a 70% LTV
Posted: 13/03/2018
Thousands of people who took advantage of the government’s Help to Buy mortgage scheme could be facing expensive fees on their existing loans, as they near the end of their five-year interest free period
Posted: 07/03/2018
The preference for longer-term mortgage products has overtaken two-year deals for the first time in five years, with 48% of mortgage customers choosing a term of five years or more during Q4 2017, compared to 41% in Q3 2017, according to Paragon’s FACT (Financial Adviser Confidence Tracking) index report
Posted: 07/03/2018
House prices in the last three months to February were 1.8% higher than in the same three months a year earlier, slowing from the 2.2% annual growth recorded in January, according to the latest Halifax House Price Index
Posted: 07/03/2018
Vida Homeloans has introduced a new maximum LTV of 90% for first time buyers on its specialist residential range, along with a 100% discounted purchase price for right to buy and a new maximum loan amount of £1.5m
Posted: 07/03/2018
Two thirds (68%) of new mortgages approved in 2017 were with the Big Six lenders, amounting to just over 1 million in total, according to research from online mortgage broker, Trussle
Posted: 05/03/2018
Over 39% of ‘second-time buyers’ (second steppers) are concerned about interest rates increasing and 35% believe that it will be more difficult to sell their home this year, according to Lloyds Bank, which has recently launched their Second Stepper report
Posted: 05/03/2018
Mortgage approvals for both property purchasing and remortgaging increased in January by 9.3% and 5.4% respectively, figures released by the Bank of England (BoE) revealed today
Posted: 01/03/2018
Annual house price growth has slowed to 2.2% and prices are falling 0.3% month-on-month, according to Nationwide’s most recent house price index (HPI) for February 2018
Posted: 01/03/2018
Annual revenues from unarranged overdrafts among five of the largest providers were around 200 per cent of the average amount outstanding, according to FCA chief executive Andrew Bailey
Posted: 28/02/2018
A 1% interest rate rise would add £10bn to the UK’s mortgage bill, ultimately adding £930 a year to the cost of servicing the average mortgage, according to new analysis from international property adviser, Savills
Posted: 27/02/2018
NatWest is testing an artificial intelligence-powered "digital human" to help customers with basic banking questions, raising the possibility of further job cuts at the state-controlled bank
Posted: 22/02/2018
London’s mortgage market remains competitive, with strong growth in the number of home movers and remortgaging reaching an eight-year high, according to UK Finance
Posted: 21/02/2018
InterBay Commercial, part of specialist lending group OneSavings Bank, has decided to extend its residential investment and commercial bridging finance proposition to its entire broker panel, allowing a much wider market to take advantage of their offer, following a successful trial in 2017
Posted: 22/02/2018
Brilliant Solutions, the specialist provider of solutions for mortgage intermediaries, has add-ed Masthaven to its panel of lenders
Posted: 23/02/2018

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