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Widow loses court battle over “transvestite” husband’s estate
Date: Fri, 27 Jan 2012 14:24:00 +0000

Mortgage Solutions

A widow has lost a court case in which she alleged her late husband’s brain tumour turned him into a transvestite and made him cut her out of his will.

Gavel

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Osborne grabs power over Bank of England
Date: Fri, 27 Jan 2012 13:43:22 +0000

Mortgage Solutions

The Treasury today published the Financial Services Bill, which when passed will enshrine the new financial regulatory structure in law.

george-osborne-1-hm-treasury-crown-copyright

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12% of Britons plan to buy or sell in H1 - HSBC
Date: Fri, 27 Jan 2012 13:07:54 +0000

Mortgage Solutions

A survey revealed that only 12% are thinking about moving home or getting on the housing ladder.

for-sale-2

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Poll: Do borrowers want 10-year fixes?
Date: Fri, 27 Jan 2012 12:44:36 +0000

Mortgage Solutions

Norwich & Peterborough Building Society launched the lowest ever 10-year fix this week at 3.99%, joining other 10-year providers, including Woolwich, National Counties and Co-Op Bank.

Read the full article...


HMRC extends self-assessment deadline
Date: Fri, 27 Jan 2012 11:07:32 +0000

Mortgage Solutions

HMRC has extended by two days the deadline for taxpayers to file their online self-assessment tax returns, after industrial action threatened "chaos" at its call centres on deadline day.

HMRC website

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Cameron: Britain will not walk away from Europe
Date: Fri, 27 Jan 2012 11:05:09 +0000

Mortgage Solutions

Britain is not "walking away" from Europe, but safety measures must be put in place for EU countries outside the single currency, said Prime Minister David Cameron.

David Cameron at the World Economic Forum annual meeting in Davos 2010

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Six lenders offer BTL LTVs up to 80%
Date: Fri, 27 Jan 2012 11:03:30 +0000

Mortgage Solutions

Six lenders offer more than 20 buy-to-let mortgages with LTVs of up to 80%, according to data from Mortgage Flow.

rental

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Sesame Bankhall placed £26bn of mortgages in 2011
Date: Fri, 27 Jan 2012 10:54:00 +0000

Mortgage Solutions

Biggest UK distributor Sesame Bankhall placed £1.9bn more mortgage deals year-on-year which is £26bn of lending, with individual adviser productivity up by 20%.

john-malone

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First-time buyer advice enquiries leapt in 2011
Date: Fri, 27 Jan 2012 09:19:02 +0000

Mortgage Solutions

First-time buyers and buy-to-let applicants sought advice more than any other type of buyer last year.

advisers

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Cost of moving home rises to £8,922
Date: Fri, 27 Jan 2012 08:43:00 +0000

Mortgage Solutions

The total cost of moving home has increased by 69% in the last decade, rising from £5,290 in 2001 to £8,922 last year.

Read the full article...


Hester's £963k bonus 'kick in the face' to public
Date: Fri, 27 Jan 2012 08:34:47 +0000

Mortgage Solutions

Royal Bank of Scotland (RBS) boss Stephen Hester is being urged to turn down a £963,000 bonus in shares awarded to him by the bank.

Stephen Hester RBS group chief executive

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Tenet boss fires back at slurs and rival networks
Date: Fri, 27 Jan 2012 08:20:00 +0000

Mortgage Solutions

Martin Greenwood, the interim CEO of Tenet Group, has hit out at the company's rivals for behind-the-scenes criticism of the network.

tenet-group-wht-strap

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NatWest cuts 90% LTV rates
Date: Thu, 26 Jan 2012 16:02:05 +0000

Mortgage Solutions

NatWest Intermediary Solutions is to reduce interest rates across its fixed rate mortgage range from tomorrow, including its 90% LTV deals and 60% LTV buy-to-let deals.

natwest

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Paragon lent £38.6m in Q4
Date: Thu, 26 Jan 2012 15:04:00 +0000

Mortgage Solutions

Specialist lending and debt buying group Paragon completed £37.4 m of buy-to-let loans and £1.2m of further advances to existing borrowers in the last three months of 2011.

heron-john-new

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53% of brokers unable to help adverse credit borrowers
Date: Thu, 26 Jan 2012 14:44:58 +0000

Mortgage Solutions

The MMR could make it increasingly difficult for borrowers with adverse credit to remortgage, after 53% of brokers said they didn't place a single adverse client last year, research has found.

Personal debt levels rising among accountants

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Leeds BS launches 95% LTV deal at 5.25%
Date: Thu, 26 Jan 2012 12:31:17 +0000

Mortgage Solutions

Leeds Building Society has launched a two-year discounted mortgage currently at 5.25% up to 95% LTV, alongside a range of fees-assisted discounted deals up to 90% LTV.

leed-bs

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Bankers in High Court over £42m 'unpaid' bonuses
Date: Thu, 26 Jan 2012 09:21:00 +0000

Mortgage Solutions

More than 100 London investment bankers have launched a claim in the High Court for £42m in unpaid bonuses.

Money give take

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Clegg urges 'faster' action on income tax threshold
Date: Thu, 26 Jan 2012 09:19:45 +0000

Mortgage Solutions

Deputy Prime Minister Nick Clegg is to urge the coalition today to "go further and faster" in implementing an increase in the income tax threshold.

nick-clegg

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Bank adviser guilty of aiding £700,000 mortgage fraud
Date: Thu, 26 Jan 2012 09:17:00 +0000

Mortgage Solutions

A Cheltenham & Gloucester mortgage adviser has admitted to helping two brothers fraudulently obtain mortgages worth £700,000 by ignoring discrepancies on their loan applications.

cheltenhamgloucest

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'Awkward' conversations stop Brits talking about finances
Date: Thu, 26 Jan 2012 08:40:07 +0000

Mortgage Solutions

Sex is the only subject more taboo than finances for UK families, as many find the conversations too awkward and uncomfortable, a new report has revealed.

family

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Lenders whistleblow 1,500 suspected mortgage frauds
Date: Thu, 26 Jan 2012 08:29:00 +0000

Mortgage Solutions

Lenders have reported almost 1,500 cases of suspected mortgage fraud to the FSA in the last four years, resulting in 104 brokers being banned.

fraud-clippings

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Mortgage fees up nearly 70% year-on-year
Date: Wed, 25 Jan 2012 16:02:48 +0000

Mortgage Solutions

Mortgage fees have risen by 68.5% over the last 12 months despite interest rates at a historic low of 0.50%, Moneyfacts has found.

houses-made-out-of-money

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Abbey wins three gongs at TFPG awards
Date: Wed, 25 Jan 2012 15:52:00 +0000

Mortgage Solutions

Abbey for Intermediaries (AFI) took home three awards from The Finance Planning Group's annual ceremony, including Best Lender for Purchase.

miguel-sard

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FCA may ban products for a year without consultation
Date: Wed, 25 Jan 2012 15:31:26 +0000

Mortgage Solutions

The successor to the Financial Services Authority (FSA) may have the power to ban certain types of products without consulting the industry first.

wheatley

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MPC still unanimous on bank rate but predicts more QE
Date: Wed, 25 Jan 2012 10:35:39 +0000

Mortgage Solutions

The Bank of England’s Monetary Policy Committee (MPC) once again voted unanimously to maintain interest rates at 0.5% and keep the quantitative easing (QE) programme at £275bn in January, despite fears inflation may fall below target levels.

Bank of England

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UK GDP falls by 0.2% in fourth quarter
Date: Wed, 25 Jan 2012 10:15:17 +0000

Mortgage Solutions

UK GDP for the fourth quarter of 2011 dropped by 0.2%, a worse than expected figure that will heighten fears of a double-dip recession.

uk-ball-and-chain

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Welsh house prices rise
Date: Wed, 25 Jan 2012 10:05:20 +0000

Mortgage Solutions

House prices in Wales increased by 0.3% in November 2011, the sixth consecutive month of growth. According to chartered surveyors e.surv, values rose by 0.7% year on year to reach an average of £154,206.

welsh-flag

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Mervyn King: ‘Small elite’ must share rewards
Date: Wed, 25 Jan 2012 09:41:17 +0000

Mortgage Solutions

Bank of England governor Mervyn King last night backed calls for limits on boardroom pay, in a speech in which he also said the UK's economic recovery would be "arduous" and hinted at a further round of quantitative easing.

king-mervyn

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IMF slashes UK growth forecast on eurozone fears
Date: Wed, 25 Jan 2012 09:40:24 +0000

Mortgage Solutions

The International Monetary Fund (IMF) has slashed its growth forecasts for a number of major European economies for 2012 due to ongoing concerns about the region's recovery.

uk-people

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Goodwin criticism redacted from FSA report
Date: Wed, 25 Jan 2012 09:39:54 +0000

Mortgage Solutions

A reference to RBS chief executive Sir Fred Goodwin having insufficient experience to run an international bank was removed from the FSA's official report into the bank's near collapse, it has been revealed.

fred-goodwin

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Barclays set to relaunch 75% LTV BTL range through brokers
Date: Wed, 25 Jan 2012 09:24:18 +0000

Mortgage Solutions

Barclays will open its 75% LTV buy-to-let range to brokers from tomorrow.

050508-andy-gray-1

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Y3S places life subsidiary into liquidation owing £191,000
Date: Tue, 24 Jan 2012 17:32:00 +0000

Mortgage Solutions

Cardiff-based packager Y3S Group has put its life insurance subsidiary BMB Financial Ltd into liquidation, owing more than £191,000, and blamed the firm's demise on the actions of its largest insurance provider and a minority creditor.

An exit sign

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Fake father and son advisers handed suspended sentence
Date: Tue, 24 Jan 2012 15:27:59 +0000

Mortgage Solutions

A father and son who masqueraded as financial advisers have been given a suspended jail sentence after conning £15,000 from a couple.

Judge's gavel

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Govt to press ahead with welfare plans despite Lords defeat
Date: Tue, 24 Jan 2012 15:24:13 +0000

Mortgage Solutions

The government will push ahead "in full" with plans to cap welfare payments for families despite a defeat in the House of Lords.

child-benefit

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MMR: Transitional arrangements will fail non-standard borrowers
Date: Tue, 24 Jan 2012 15:04:04 +0000

Mortgage Solutions

Over a third of non-conforming borrowers are currently in arrears, so would fail to qualify for a mortgage under the FSA's proposed transitional arrangements, according to Moody's January Credit Insight report.

fsa-logo

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N&P launches ten-year fix at 3.99%
Date: Tue, 24 Jan 2012 12:55:00 +0000

Mortgage Solutions

Norwich & Peterborough Building Society has launched a ten-year fixed rate mortgage at 3.99% up to 75% LTV, with a £295 fee.

norwich-peterborough-logo

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Ipswich BS targets gross lending of £150m in 2012
Date: Tue, 24 Jan 2012 12:27:00 +0000

Mortgage Solutions

Ipswich Building Society is aiming to increase its gross lending from around £90m in 2011 to £150m this year, said the society’s chief executive officer, Paul Winter.

ipswich-bs

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Inflation could drop to 1% by December 2012
Date: Tue, 24 Jan 2012 11:20:00 +0000

Mortgage Solutions

Inflation could drop as low as 1% by the end of this year, said ING Direct economist James Knightley.

Bank of England artwork

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Magistrate escapes jail for £360k mortgage fraud
Date: Tue, 24 Jan 2012 10:40:34 +0000

Mortgage Solutions

A former magistrate found guilty of a £360,000 mortgage fraud has been spared a jail sentence after the presiding judge ruled her behaviour was “wholly uncharacteristic”.

Gavel

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Jaime Harris joins Enness Private Clients
Date: Fri, 27 Jan 2012 02:12:46 +0000

Jaime Harris is joining high net worth specialist mortgage broker Enness Private Clients as commercial relationship manager next week.

Read the full article...


Sesame reports £26bn mortgage apps
Date: Fri, 27 Jan 2012 02:12:46 +0000

Sesame Bankhall Group submitted £26.1bn of mortgage applications to lenders in 2011, up £1.9bn on 2010.

Read the full article...


BBA welcomes Financial Services Bill
Date: Fri, 27 Jan 2012 02:12:46 +0000

Banks fully support, and have been working towards, the overhaul of banking regulation in the UK the British Bankers’ Association said as the Financial Services Bill was launched today.

Read the full article...


Financial Services Bill is major opportunity
Date: Fri, 27 Jan 2012 02:12:46 +0000

Sarah Brooks, director of financial services at Consumer Focus, stressed the importance of the newly released Financial Services Bill for the future.

Read the full article...


FCA to be responsible for consumer credit
Date: Fri, 27 Jan 2012 02:12:46 +0000

The responsibility for consumer credit is to be transferred to the new Financial Conduct Authority from the Office of Fair Trading.

Read the full article...


Buy-to-let now rock solid at 80pc LTV
Date: Fri, 27 Jan 2012 02:12:46 +0000

There are now six mortgage lenders offering more than twenty buy-to-let mortgages with LTVs up to 80%.

Read the full article...


Paragon looks to buy assets
Date: Fri, 27 Jan 2012 02:12:46 +0000

Paragon is on the lookout for assets to buy after reporting a 12% uplift in quarterly profits.

Read the full article...


Generation divide will cause housing stagnation
Date: Fri, 27 Jan 2012 02:12:46 +0000

Younger people unable to buy and older homeowners unwilling to sell are likely to cause housing stagnation in 2012, research from HSBC reveals.

Read the full article...


Increased confidence in property market
Date: Fri, 27 Jan 2012 02:12:46 +0000

More than half of potential buyers feel more positive about their prospects this year, research from Santander reveals.

Read the full article...


Cost of moving climbs faster than house prices
Date: Fri, 27 Jan 2012 02:12:46 +0000

The cost of moving house in the UK has risen at a faster rate than house prices over the past decade, research from Lloyds TSB reveals.

Read the full article...


Sesame Bankhall Group’s mortgage business up 8% in 2011
Date: Fri, 27 Jan 2012 09:43:00 +0000
Sesame Bankhall Group delivered £26.1bn of mortgage business to lenders in 2011, an increase of 8% on the £24.2bn delivered in 2010.
Read the full article...


Govt says FCA should consult on early warnings
Date: Fri, 27 Jan 2012 13:43:00 +0000
Financial Services Bill rejects FSA’s argument that it should not consult firms being investigated before publishing their details.
Read the full article...


Over 1,000 homes sold through FirstBuy
Date: Fri, 27 Jan 2012 13:41:00 +0000
The UK’s three biggest house builders have sold a total of 1,250 homes through the Government’s FirstBuy scheme in its first four months.
Read the full article...


Six lenders offering 80% LTV B2L after Kensington withdraws
Date: Fri, 27 Jan 2012 10:49:00 +0000
There are now six lenders offering 80% LTV on buy-to-let after several product launches this month, and the withdrawal of Kensington from the entire buy-to-let market at the end of last year.
Read the full article...


Generational divide stalling housing market
Date: Fri, 27 Jan 2012 08:30:00 +0000
A generational divide will stagnate the UK housing market this year, according to HSBC, as young people are unable to buy and older homeowners are unwilling to sell.
Read the full article...


NatWest reduces rates on 90% LTV fixed rates
Date: Thu, 26 Jan 2012 15:17:00 +0000
NatWest Intermediary Solutions will be reducing the rates on a number of its fixed rate mortgages tomorrow, including its 90% LTV products, in both its core and corporate ranges. It is also reducing the rates on its 60% LTV buy-to-let mortgages.
Read the full article...


Bridgebank Capital appoints head of marketing
Date: Thu, 26 Jan 2012 14:38:00 +0000
Bridgebank Capital has appointed Emma Hodson, to fulfil a new role as head of marketing.
Read the full article...


Clydesdale launches into 80% LTV B2L lending
Date: Thu, 26 Jan 2012 12:55:00 +0000
Clydesdale Bank has become the latest lender to launch into 80% LTV buy-to-let lending.
Read the full article...


S&P rates HML ‘above average’ for servicing in Ireland
Date: Thu, 26 Jan 2012 12:33:00 +0000
HML has become the first residential mortgage servicer to receive an international rating for the services it provides to Irish lenders.
Read the full article...


Paragon lent £38.6m in Q4 2011
Date: Thu, 26 Jan 2012 10:18:00 +0000
The Paragon Group of Companies, Paragon Mortgages’ parent company, lent £38.6m in buy-to-let loans during the final quarter of 2011, an interim management statement has revealed.
Read the full article...


Virgin plans to double Northern Rock lending
Date: Thu, 26 Jan 2012 10:11:00 +0000
Virgin Money plans to double the value of mortgage lending that Northern Rock advanced.
Read the full article...


OFT to investigate Mortgage Brain’s acquisition of MortgageStream
Date: Wed, 25 Jan 2012 16:15:00 +0000
The Office of Fair Trading is to look at the anticipated acquisition by Mortgage Brain of MortgageStream.
Read the full article...


Rent-back borrowers lose appeal in suspected mortgage fraud
Date: Wed, 25 Jan 2012 14:36:00 +0000
Victims of a suspected mortgage fraud face repossession after losing their appeal against a High Court ruling.
Read the full article...


Banks’ gross mortgage lending up 12% year-on-year in December
Date: Wed, 25 Jan 2012 10:29:00 +0000
Gross mortgage lending by high street banks totalled £9bn in December 2011, 12% higher than the same period in 2010.
Read the full article...


GDP shrank by 0.2% in Q4
Date: Wed, 25 Jan 2012 09:56:00 +0000
The UK economy contracted by 0.2% in the final quarter of 2011, data from the Office for National Statistics reveals.
Read the full article...


MPC vote unanimous again in January
Date: Wed, 25 Jan 2012 09:54:00 +0000
The Monetary Policy Committee voted unanimously to keep the base rate on hold and maintain the quantitative easing programme at £275bn earlier this month, minutes of the meeting have revealed.
Read the full article...


Average FTB age is 30, say Clydesdale and Yorkshire
Date: Wed, 25 Jan 2012 09:30:00 +0000
The average age of a first-time buyer taking out a mortgage with Clydesdale and Yorkshire Banks is 30, the lenders have revealed.
Read the full article...


Barclays relaunching 75% LTV B2L through brokers tomorrow
Date: Wed, 25 Jan 2012 08:31:00 +0000
Barclays is relaunching its 75% LTV buy-to-let deals through brokers tomorrow and introducing a new 10-year fixed rate on its residential range.
Read the full article...


N&P launches 10-year fix at 3.99%
Date: Tue, 24 Jan 2012 14:28:00 +0000
Available up to 75% LTV with a fee of £295.
Read the full article...


Tiuta launch iphone and ipad app
Date: Tue, 24 Jan 2012 14:25:00 +0000
Tiuta has launched a new loan calculator app for iphone and ipad users.
Read the full article...


West One Loans makes three appointments
Date: Tue, 24 Jan 2012 10:33:00 +0000
West One Loans has appointed three new members of staff at its Hertfordshire headquarters.
Read the full article...


New lender added to Promise panel
Date: Tue, 24 Jan 2012 10:17:00 +0000
Secured loan master broker Promise Solutions has added Evolution Money to it’s panel and to its online loan sourcing portal.
Read the full article...


End of Stamp Duty holiday could be disastrous for FTBs, says NAEA
Date: Tue, 24 Jan 2012 10:10:00 +0000
The end of the Stamp Duty holiday for first-time buyers in March could have a disastrous impact on the bottom end of the housing market, the National Association of Estate Agents is warning.
Read the full article...


First Complete expands GI panel
Date: Tue, 24 Jan 2012 10:06:00 +0000
First Complete has expanded its general insurance panel adding insurer Delta, in addition to Halifax and Abbey GI which were added to the panel at the latter part of last year.
Read the full article...


Y3S Group subsidiary in administration
Date: Mon, 23 Jan 2012 16:16:00 +0000
Y3S Group has placed one of its subsidiaries, BMB Financial Limited, into administration, leaving behind liabilities of £191,418.
Read the full article...


Fitch maintains Vertex’s negative watch rating
Date: Mon, 23 Jan 2012 14:10:00 +0000
Fitch Ratings has maintained Vertex Mortgage Services’ ‘rating watch negative’ status due to its declining portfolio.
Read the full article...


Not enough being done to promote drawdown, warns KRS
Date: Mon, 23 Jan 2012 13:32:00 +0000
Dean Mirfin, group director at Key Retirement Solutions, says not enough is being done to educate consumers on the benefits of drawdown plans.
Read the full article...


MPs dismiss Bank's accountability plan
Date: Mon, 23 Jan 2012 12:00:00 +0000
The Treasury select committee says Bank proposals to increase accountability are not enough.
Read the full article...


Euro directive risks repossession rise
Date: Mon, 23 Jan 2012 11:55:00 +0000
Clause in capital requirements directive calls for EU loans to be treated as if in default at 90 days in arrears rather than UK’s 180 days.
Read the full article...


Moody’s predicts stable 2012 for UK RMBS master trusts
Date: Mon, 23 Jan 2012 10:41:00 +0000
The performance of UK residential mortgage-backed securities master trusts containing prime mortgages will remain stable in 2012, according to a report published today by Moody’s.
Read the full article...


Lower income families face 22-year wait for house deposit
Date: Mon, 23 Jan 2012 10:22:00 +0000
Lower to middle income households currently face a 22-year wait to save up for a deposit on their first home, according to a report out today.
Read the full article...


Gross lending in December up 12% year-on-year
Date: Mon, 23 Jan 2012 09:39:00 +0000
Gross mortgage lending totalled £11.7bn in December 2011, 12% higher than the same period a year ago, according to data from the Council of Mortgage Lenders.
Read the full article...


Masthaven launches renovation and refurbishment bridge
Date: Mon, 23 Jan 2012 08:00:00 +0000
Masthaven Bridging Finance has launched a renovation and refurbishment bridging loan.
Read the full article...


MMR will not help a third of sub-prime borrowers
Date: Mon, 23 Jan 2012 08:00:00 +0000
Under Mortgage Market Review rules at least a third of sub-prime borrowers would still be mortgage prisoners, despite a clause designed to help those trapped in their properties or loans.
Read the full article...


Law Society to step into Godiva insurance battle
Date: Mon, 23 Jan 2012 08:00:00 +0000
The Law Society and the Solicitors Regulation Authority have been granted ’leave to intervene’ by the High Court in a case between Godiva Mortgages and Travelers Insurance company.
Read the full article...


Ipswich launches 95% LTV deal at 5.75%
Date: Fri, 20 Jan 2012 15:00:00 +0000
Ipswich Building Society is launching a 95% LTV mortgage with a rate of 5.75%.
Read the full article...


Barclays gives brokers direct access to underwriters
Date: Fri, 20 Jan 2012 10:37:00 +0000
Barclays is giving brokers access to a named underwriter for each mortgage application they submit to the lender.
Read the full article...


Brokers expect to do more bridging business this year
Date: Fri, 20 Jan 2012 10:03:00 +0000
Mortgage brokers are expecting to write more bridging business this year than last, according to research by West One Loans.
Read the full article...


Skipton opts to hold on to HML
Date: Fri, 20 Jan 2012 09:57:00 +0000
Skipton Building Society has taken its mortgage servicer subsidiary HML off the market.
Read the full article...


Yorkshire expands B2L across England and Wales
Date: Fri, 20 Jan 2012 09:00:00 +0000
Yorkshire Building Society is extending its buy-to-let offering to properties across the whole of England and Wales from Monday, as well as loosening its lending criteria.
Read the full article...


Compass launches ID theft product
Date: Thu, 19 Jan 2012 15:06:00 +0000
Compass Underwriting is launching a new ID theft product in association with LawShield and Experian.
Read the full article...


Openwork to launch protection app
Date: Thu, 19 Jan 2012 14:51:00 +0000
Openwork is launching a mobile app that enables advisers to obtain protection quotes via Apple devices.
Read the full article...


HSBC pledges £15bn in mortgage lending for 2012
Date: Thu, 19 Jan 2012 09:52:00 +0000
HSBC has pledged to lend at least £15bn in mortgages this year, with £3bn set aside specifically for first-time buyers.
Read the full article...


John Malone to stay on at PMS until 2013
Date: Thu, 19 Jan 2012 08:00:00 +0000
John Malone, chairman of PMS, has extended his contract with the company until December 2013.
Read the full article...


Enness Private Clients launches high net worth referral service
Date: Wed, 18 Jan 2012 16:58:00 +0000
Enness Private Clients is today launching a high net worth referral service for brokers, IFAs and wealth managers.
Read the full article...


FSA orders house building council to change contract terms
Date: Wed, 18 Jan 2012 15:46:00 +0000
The Financial Services Authority has ordered the National House-Building Council to amend the contract terms of one of its insurance policies and is warning other insurance firms that customers must be given appropriate policy information.
Read the full article...


Woolwich relaunching B2L 75% LTV direct deals
Date: Wed, 18 Jan 2012 14:51:00 +0000
Woolwich is relaunching its 75% LTV buy-to-let deals tomorrow, through its direct only channel.
Read the full article...


Mortgage applications up 21% in 2011
Date: Wed, 18 Jan 2012 11:24:00 +0000
The total number of mortgage applications in 2011 was up 21.2% on 2010, according to the latest National Mortgage Index compiled by the Mortgage Advice Bureau.
Read the full article...


FSA fines Direct Line and Churchill £2.17m
Date: Wed, 18 Jan 2012 11:08:00 +0000
The Financial Services Authority has fined Direct Line Insurance and Churchill Insurance £2.17m for failing to prevent files that the FSA had requested from being improperly altered.  
Read the full article...


Equity release advances up 15% year-on-year
Date: Wed, 18 Jan 2012 11:07:00 +0000
Equity release advances totalled £215.9m in Q4 2011, the highest level since 2009, according to figures from Safe Home Income Plans.
Read the full article...


Unemployment rises to 2.68 million
Date: Wed, 18 Jan 2012 10:16:00 +0000
The unemployment rate for the three months to November 2011 was 8.4%, up 0.3% on the previous quarter, figures from the Office for National Statistics show.
Read the full article...


Clydesdale Bank PLC
Update type: New
Date: Fri, 27 Jan 2012 00:00:00 GMT
Launched New 2&3yr fixed and Offset products for Purchase and Remortgage options.
Halifax
Update type: New
Date: Fri, 27 Jan 2012 00:00:00 GMT
Selected rate increases across core and large loan ranges.
PMS - SWB
Update type: New
Date: Fri, 27 Jan 2012 00:00:00 GMT
Withdrawn 3 Year Fixed Rate Professional product, 3.99%, up to 60% LTV, £499 fee, repayment and interest only. 3 Year Fixed Rate Flexible product, 4.09%, up to 60% LTV, £499 fee, repayment and interest only.
Leeds B Society
Update type: New
Date: Fri, 27 Jan 2012 00:00:00 GMT
Launched new Introduced only fixed rates until 2014 & 2015 and new Fees Assisted Introduced only fixed rates until 2014 & 2015
PMS - NatWest
Update type: New
Date: Fri, 27 Jan 2012 00:00:00 GMT
Several rates revised and new product codes issued.
SimplyBiz - Natwest
Update type: New
Date: Fri, 27 Jan 2012 00:00:00 GMT
Several rates revised and new product codes issued.
Scottish Widows Bank
Update type: New
Date: Fri, 27 Jan 2012 00:00:00 GMT
2 Year Fixed rates end dates extended to 31-01-14
Abbey
Update type: Amended
Date: Fri, 27 Jan 2012 00:00:00 GMT
Selected products have now been re priced.
NatWest Int Sols
Update type: Amended
Date: Fri, 27 Jan 2012 00:00:00 GMT
Several rates revised and new product codes issued.
L + G Club - NatWest
Update type: Amended
Date: Fri, 27 Jan 2012 00:00:00 GMT
Several rates revised and new product codes issued.
Scottish Widows Bank
Update type: Deleted
Date: Fri, 27 Jan 2012 00:00:00 GMT
3 & 5 year fixed rates withdrawn.
NatWest Int Sols
Update type: Deleted
Date: Fri, 27 Jan 2012 00:00:00 GMT
FO4367, FO4371 2 year fixed rates withdrawn.
L + G Club - NatWest
Update type: Deleted
Date: Fri, 27 Jan 2012 00:00:00 GMT
FO4373 & FO4384 2 Year Fixed Rates withdrawn.
L + G Club Hanley
Update type: Deleted
Date: Fri, 27 Jan 2012 00:00:00 GMT
1% Discount for 3 years withdrawn.
Coventry BS-Godiva
Update type: New
Date: Thu, 26 Jan 2012 00:00:00 GMT
Launched new Products range for Purchase and Remortgage options.
Furness B.Soc
Update type: New
Date: Thu, 26 Jan 2012 00:00:00 GMT
Launch new 2 year fixed rate at 3.34% for 24 months.
L + G Club Newcastle
Update type: New
Date: Thu, 26 Jan 2012 00:00:00 GMT
launched two 95% products with a maximum loan of £250,000.
Pink Direct-NatWest
Update type: New
Date: Thu, 26 Jan 2012 00:00:00 GMT
Several rates revised and new product codes issued.
Mtg Intel - Natwest
Update type: New
Date: Thu, 26 Jan 2012 00:00:00 GMT
Several rates revised and new product codes issued.
Mtg Next - Natwest
Update type: New
Date: Thu, 26 Jan 2012 00:00:00 GMT
Several rates revised and new product codes issued.
Woolwich
Update type: Amended
Date: Thu, 26 Jan 2012 00:00:00 GMT
New range of products available.
L + G Club Newcastle
Update type: New
Date: Wed, 25 Jan 2012 00:00:00 GMT
Launched New 3.99% Fixed for 5years , 80% LTV product for Purchase and Remortgage options.
Brilliant Mtgs - NBS
Update type: New
Date: Wed, 25 Jan 2012 00:00:00 GMT
Launched New 3.99% Fixed for 5years , 80% LTV product for Purchase and Remortgage options.
Pink Direct-Newcastl
Update type: New
Date: Wed, 25 Jan 2012 00:00:00 GMT
Launched New 3.99% Fixed for 5years , 80% LTV product for Purchase and Remortgage options.
TBMC - Principality
Update type: New
Date: Wed, 25 Jan 2012 00:00:00 GMT
Launched new BTL products
Nationwide B.Soc
Update type: Amended
Date: Wed, 25 Jan 2012 00:00:00 GMT
Upward re-price across all products except a downward re-price on the 95% LTV 5 year fixed rate products.
Principality
Update type: New
Date: Tue, 24 Jan 2012 00:00:00 GMT
Launched New product range.
SimplyBiz - Accord
Update type: New
Date: Tue, 24 Jan 2012 00:00:00 GMT
Launch products on Mortgage Brain
SimplyBiz - Natwest
Update type: New
Date: Tue, 24 Jan 2012 00:00:00 GMT
Launch products on Mortgage Brain
SimplyBiz - Leeds
Update type: New
Date: Tue, 24 Jan 2012 00:00:00 GMT
Launch products on Mortgage Brain.
TBMC - Accord
Update type: Amended
Date: Tue, 24 Jan 2012 00:00:00 GMT
Have made amendments to there BTL criteria
Leek United BS
Update type: Deleted
Date: Tue, 24 Jan 2012 00:00:00 GMT
Product 759-2 year disc withdrawn at close of business today.
Halifax
Update type: New
Date: Mon, 23 Jan 2012 00:00:00 GMT
Re priced New build fixed rate products, rates now starting from 3.69%
Platform
Update type: New
Date: Mon, 23 Jan 2012 00:00:00 GMT
New range of products available.
PMS - Platform
Update type: New
Date: Mon, 23 Jan 2012 00:00:00 GMT
New range of products available.
AToM - Platform
Update type: New
Date: Mon, 23 Jan 2012 00:00:00 GMT
New range of products available.
Platform
Update type: Deleted
Date: Sat, 21 Jan 2012 00:00:00 GMT
All current products are withdrawn. New range available from 23-01-2012.
PMS - Platform
Update type: Deleted
Date: Sat, 21 Jan 2012 00:00:00 GMT
All current products are withdrawn. New range available from 23-01-2012.
AToM - Platform
Update type: Deleted
Date: Sat, 21 Jan 2012 00:00:00 GMT
All current products are withdrawn. New range available from 23-01-2012.
GE Money
Update type: New
Date: Fri, 20 Jan 2012 00:00:00 GMT
GE Mortgage Base Rate have been increased to 4.0%, Launched new range of products with rates changes.
Nationwide B.Soc
Update type: New
Date: Fri, 20 Jan 2012 00:00:00 GMT
Launched 3 Year FTB Discounted products. SVR Discounted by 0.24% to give 4.45% for 3 years. 90% LTV. £199 Application Fee and £399 Completion Fee. Also SVR plus 0.26% to give 5.25% for 3 years. 95% LTV. £199 Application Fee and £399 Completion Fee.
Pink Home Loans - GE
Update type: New
Date: Fri, 20 Jan 2012 00:00:00 GMT
GE Mortgage Base Rate have been increased to 4.0%, Launched new range of products with rates changes.
Brilliant Mtgs - GE
Update type: New
Date: Fri, 20 Jan 2012 00:00:00 GMT
GE Mortgage Base Rate have been increased to 4.0%, Launched new range of products with rates changes.
Melton Mowbray
Update type: New
Date: Fri, 20 Jan 2012 00:00:00 GMT
Launched SVR Discounted by 0.54% to give a rate of 4.45% for 3 years. 90% LTV. £199 Application Fee and £399 Completion Fee. Also a SVR plus 0.26% to give a rate of 5.25% for 3 years. 95% LTV. £199 Application Fee and £399 Completion Fee.
Clydesdale Bank PLC
Update type: New
Date: Fri, 20 Jan 2012 00:00:00 GMT
New range of products available.
Lloyds TSB Scotland
Update type: Deleted
Date: Fri, 20 Jan 2012 00:00:00 GMT
Withdrawn All Remortgage Trackers LTV over 60%.
Skipton B.Society
Update type: New
Date: Thu, 19 Jan 2012 00:00:00 GMT
Launched new 3 and 5 year fixed rates with end dates extended to April as well as new rates from 3.28%.
PMS - Marsden
Update type: New
Date: Thu, 19 Jan 2012 00:00:00 GMT
Launched (FX224) 3.69% Fixed until 30-04-14. 85% LTV. £299 Booking Fee and £700 arrangement fee. Available for purchase and remortgage. £250 cashback for Remortgage customers. (FX225) 5.15% Fixed until 30-04-14. 90% LTV. £299 Booking Fee and £700 arrangement fee. Available for purchase and remortgage. £250 cashback for Remortgage customers.
Marsden
Update type: New
Date: Thu, 19 Jan 2012 00:00:00 GMT
Launched (FX223) 5.39% Fixed until 31-01-15. 90% LTV. £299 Booking Fee and £700 arrangement fee. Available for purchase and remortgage. £250 cashback for Remortgage customers.
Skipton B.Society
Update type: Deleted
Date: Thu, 19 Jan 2012 00:00:00 GMT
Tracker 2.68% and 2 yr fixed at 2.98% both at 75% are withdrawn.
Leek United BS
Update type: Amended
Date: Wed, 18 Jan 2012 00:00:00 GMT
Revised valuation fees
Abbey
Update type: New
Date: Tue, 17 Jan 2012 00:00:00 GMT
Whole range revised
Progressive B.Soc.
Update type: New
Date: Tue, 17 Jan 2012 00:00:00 GMT
End dates extended to March on all Fixed products,
SMS - Melton Mowbray
Update type: Deleted
Date: Tue, 17 Jan 2012 00:00:00 GMT
Withdrawn 2 Year Discounted products for FTB's at 90% and 95% LTV.
Halifax
Update type: New
Date: Mon, 16 Jan 2012 00:00:00 GMT
New 2 year fixed rates for HMV & FTB upto 60% LTV. 3.19% with a £999 fee or 3.59% with no fee.
National Counties
Update type: New
Date: Mon, 16 Jan 2012 00:00:00 GMT
Completion Dates extended on Owner occupied and Family First products.
Leek United BS
Update type: New
Date: Mon, 16 Jan 2012 00:00:00 GMT
Launched new 5Yr Fixed rate and 2Yr BTL Discount Products for Purchase and Remortgage options.
Scottish B.Soc
Update type: New
Date: Mon, 16 Jan 2012 00:00:00 GMT
Revised Discounts and Fixed rates.
Nationwide B.Soc
Update type: New
Date: Thu, 12 Jan 2012 00:00:00 GMT
Upward re-price of rates with the exception of the 3 year fixed rates which remain un-changed. New product codes applied.
Pink - Accord
Update type: New
Date: Thu, 12 Jan 2012 00:00:00 GMT
New 2 & 5 year 90% LTV fixed rates available.
PMS - Accord
Update type: New
Date: Thu, 12 Jan 2012 00:00:00 GMT
New 2 & 5 year 90% LTV fixed rates available.
Mtg Next - Accord
Update type: New
Date: Thu, 12 Jan 2012 00:00:00 GMT
New 2 & 5 year 90% LTV fixed rates available.
L + G Club - Accord
Update type: New
Date: Thu, 12 Jan 2012 00:00:00 GMT
New 2 & 5 year 90% LTV fixed rates available.
Hinckley + Rugby BS
Update type: New
Date: Thu, 12 Jan 2012 00:00:00 GMT
2 year discount available upto 85% LTV.
Hinckley + Rugby BS
Update type: Amended
Date: Thu, 12 Jan 2012 00:00:00 GMT
Amended Lifetime Discounts at 75%, 80% and 85% LTV's.
Leek United BS
Update type: Deleted
Date: Thu, 12 Jan 2012 00:00:00 GMT
Withdrawn 3Yr and 2Yr Tracker products
Mansfield
Update type: New
Date: Wed, 11 Jan 2012 00:00:00 GMT
Launched New 2 & 3Yr Fixed and 2 Year Discounted BTL's.
Hinckley + Rugby BS
Update type: New
Date: Wed, 11 Jan 2012 00:00:00 GMT
Launched New 5yr Fixed product for Purchase and Remortgage options.
L + G Club Hanley
Update type: Amended
Date: Wed, 11 Jan 2012 00:00:00 GMT
Extended end date to 30-04-2014 on 3.24% fixed rate.
Pink Direct - Hanley
Update type: Amended
Date: Wed, 11 Jan 2012 00:00:00 GMT
Extended end date to 30-04-2014 on 3.24% fixed rate.
Mansfield
Update type: Deleted
Date: Wed, 11 Jan 2012 00:00:00 GMT
Withdrawn X1B001 and X1B002 .
Mtg Intel - Natwest
Update type: Deleted
Date: Wed, 11 Jan 2012 00:00:00 GMT
TO1857 and TO1861 2 Year Trackers at 2.59% with no fee withdrawn.
Mtg Next - Natwest
Update type: Deleted
Date: Wed, 11 Jan 2012 00:00:00 GMT
TO1857 and TO1861 2 Year Trackers at 2.59% with no fee withdrawn.
PMS - NatWest
Update type: Deleted
Date: Wed, 11 Jan 2012 00:00:00 GMT
TO1857 and TO1861 2 Year Trackers at 2.59% with no fee withdrawn.
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