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Mortgage Industry News
Mortgage Brain Product News
Kent Reliance launches expat B2L mortgage
Date: Tuesday, 21 May, 2013

Kent Reliance has launched a buy-to-let mortgage for people who are temporarily living or working outside the UK.

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Enterprise finance lending up 50pc
Date: Tuesday, 21 May, 2013

Specialist loan distributor Enterprise finance has reported that it has arranged more than £100m in short term loans during 2013.

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Green Deal answers from CML and DECC
Date: Tuesday, 21 May, 2013

The Council of Mortgage Lenders and the Department of Energy and Climate Change have teamed up to produce a Green Deal FAQ fact sheet for lenders, writes Samantha Cordon.

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NLA to accredit all members by 2020
Date: Tuesday, 21 May, 2013

The National Landlords Association has committed to accredit all landlord members by 2020.

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FOS must level mis selling playing field
Date: Tuesday, 21 May, 2013

Eddie Goldsmith, senior partner at Goldsmith Williams, is calling on the Financial Ombudsman Service to level the playing field for mortgage mis selling claims.

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CPI falls to 2.4pc in April
Date: Tuesday, 21 May, 2013

The Consumer Prices Index grew by 2.4% in the year to April 2013 down from 2.8% in March, the latest figures from the Office of National Statistics showed.

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Scotland's financial services would be the gold standard
Date: Tuesday, 21 May, 2013

Alex Salmond, Scotland’s First Minister, has launched his counter argument for an independent Scottish economy following the Treasury’s report yesterday which outlined the negative impacts on financial services, writes Samantha Cordon.

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ONS: UK house prices up 2.7pc
Date: Tuesday, 21 May, 2013

UK house prices increased by 2.7% in the 12 months up to March 2013, the latest Office for National Statistics has revealed.

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Just Retirement to enter long term care market
Date: Tuesday, 21 May, 2013

Just Retirement has confirmed it intends to enter the long term care market in the coming months.

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Service a priority for annuity advisers
Date: Tuesday, 21 May, 2013

The quality of service provided is second only to rates in terms of what advisers look for when choosing an annuity provider, research from iPipeline and Canada Life has revealed.

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Halifax loosens criteria for contract workers
Date: Tuesday, 21 May, 2013
Halifax has loosened its affordability assessment criteria for contract workers.
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Halifax expands lending to contract workers
Date: Tuesday, 21 May, 2013
Halifax expands lending to contract workers

Workers on short-term contracts are eligible to apply for any Halifax mortgage for the first time since the credit crunch.

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Kent Reliance launches expat BTL mortgage
Date: Tuesday, 21 May, 2013
Kent Reliance is launching a buy-to-let mortgage aimed at people who are temporarily living or working abroad but want to enhance their UK investment property portfolios.
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Tenant immigration checks will be 'light touch' - Prisk
Date: Tuesday, 21 May, 2013
Tenant immigration checks will be 'light touch' - Prisk

Landlords will only have to check the passports of their tenants under “light-touch” immigration regulation, Housing Minister Mark Prisk has suggested.

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Residential property transactions fall 5% in April
Date: Tuesday, 21 May, 2013
Residential property transactions fall 5% in April

The number of residential properties bought and sold in April decreased by 5% on the previous month, according to HM Revenue and Customs.

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Just Retirement equity release lending up 1.7%
Date: Tuesday, 21 May, 2013
Just Retirement equity release lending up 1.7%

Just Retirement advanced £69.8m in lifetime mortgages in its third quarter with further growth expected, according to the group's financial report.

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London growth continues to boost property prices – ONS
Date: Tuesday, 21 May, 2013
London growth continues to boost property prices – ONS

Rapid growth in London property prices continued to drive the UK national average according to data from the Office for National Statistics.

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Let Alliance appoints ex-Paymentshield partnerships manager
Date: Tuesday, 21 May, 2013
Let Alliance has appointed ex-Paymentshield partnerships manager Rita Dalton as a business development manager.
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ONS: UK house prices up 2.7% in March
Date: Tuesday, 21 May, 2013
UK house prices increased by 2.7 per cent in the 12 months to March 2013, rising from £229,000 at the end of March 2012 to £235,000.
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Inflation drops to better-than-expected 2.4%
Date: Tuesday, 21 May, 2013
Consumer prices index inflation dropped to 2.4 per cent during April as transport costs fell.
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Goldman Sachs warns EU exit would hit financial services
Date: Tuesday, 21 May, 2013
Goldman Sachs is warning that a UK exit from the EU would “severely compromise” its ability to sell financial services across the continent.
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CML: Mortgage market experiences strongest April since 2008
Date: Tuesday, 21 May, 2013
The mortgage market experienced its strongest April since 2008, according to figures released today by the Council of Mortgage Lenders.
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Paragon nears bank launch as BTL lending surges 15%
Date: Tuesday, 21 May, 2013
Paragon nears bank launch as BTL lending surges 15%

Paragon increased its buy-to-let lending by 15% year-on-year as the group moved closer to establishing a banking arm, its half-year profits have revealed.

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Gross mortgage lending climbs 4% in April - CML
Date: Tuesday, 21 May, 2013
Gross mortgage lending climbs 4% in April - CML

Lenders increased gross mortgage lending by 4% to total £12.1bn in April, according to Council of Mortgage Lenders data.

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BoI reverses mortgage rate hike for 1,200 borrowers
Date: Tuesday, 21 May, 2013
The Bank of Ireland has reversed its tracker mortgage rate hike for 1,200 of 13,500 affected customers.
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40% of landlords increased rents over past 12 months
Date: Tuesday, 21 May, 2013
Around 41 per cent of landlords have increased rents over the past 12 months, while just 7 per cent have lowered them.
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UK inflation falls to seven-month low
Date: Tuesday, 21 May, 2013
UK inflation falls to seven-month low

UK CPI inflation has fallen to 2.4% in April, a larger-than-expected drop from the 2.8% figure recorded in March.

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NatWest to offer 1.74% fix via L&G
Date: Tuesday, 21 May, 2013
NatWest to offer 1.74% fix via L&G

NatWest Intermediary Solutions is to offer a two-year fixed rate product at 1.74% exclusively through Legal & General advisers.

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FCA warns EU bonus cap could double bankers' salaries
Date: Tuesday, 21 May, 2013
Financial Conduct Authority chief executive Martin Wheatley has warned the EU’s plans to cap bonuses could see bankers’ salaries double.
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Cable says RBS must do more to help SMEs
Date: Tuesday, 21 May, 2013
Royal Bank of Scotland is not doing enough to increase lending to small and medium-sized companies, according to business secretary Vince Cable.
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PMS - Leeds
Update type: New
Date: Tuesday, 21 May, 2013
New 5 year fee assisted fixed rate launched.

Woolwich
Update type: New
Date: Tuesday, 21 May, 2013
Have revised selected residential products.

L + G Club - Leeds
Update type: New
Date: Monday, 20 May, 2013
Launched Exclusive Fees Assisted 3.19% Fixed until 31 July. 80% LTV.

Nottingham
Update type: New
Date: Monday, 20 May, 2013
New 5 and 2 year fixed launched.

L + G Club - Accord
Update type: New
Date: Monday, 20 May, 2013
Launched new fixed residential products at 80% LTV for Purchase and Remortgage options

Paradigm - Accord
Update type: New
Date: Monday, 20 May, 2013
Launched new fixed residential products at 80% LTV for Purchase and Remortgage options

Pink - Accord
Update type: New
Date: Monday, 20 May, 2013
Launched new fixed residential products at 80% LTV for Purchase and Remortgage options

PMS - Accord
Update type: New
Date: Monday, 20 May, 2013
Launched new fixed residential products at 80% LTV for Purchase and Remortgage options

SimplyBiz - Accord
Update type: New
Date: Monday, 20 May, 2013
Launched new fixed residential products at 80% LTV for Purchase and Remortgage options

TMA - Accord
Update type: New
Date: Monday, 20 May, 2013
Launched new fixed residential products at 80% LTV for Purchase and Remortgage options

Darlington
Update type: New
Date: Monday, 20 May, 2013
Launched 5 year fixed 3.29%, 80% LTV. £75 completion fee and 1% completion fee.

Monmouthshire
Update type: New
Date: Monday, 20 May, 2013
Launched new 3 Year Residential Discounted products available up to 95% LTV. No ERC's.

Vernon BS
Update type: New
Date: Monday, 20 May, 2013
Launched New product range

Principality
Update type: New
Date: Monday, 20 May, 2013
New 2 year fixed rates available.

L + G Club - Leeds
Update type: Deleted
Date: Monday, 20 May, 2013
Withdrawn Exclusive Fees Assisted 3.29% Fixed until 31 May 2015.

L + G Club-Cambridge
Update type: New
Date: Saturday, 18 May, 2013
Launched Exclusive 3 year fixed 5.99%. Purchase Only. 95% LTV.

SMS - Melton Mowbray
Update type: Amended
Date: Saturday, 18 May, 2013
95% FTB products are products available for Purchase and FTB.

Leek United BS
Update type: Deleted
Date: Saturday, 18 May, 2013
Withdrawn products 3 Year Fixed - 3.19% (LTV 75%) Product No 831, 5 Year Fixed - 3.49% (LTV 75%) Product No 833, 3 Year Fixed - 4.49% (LTV 90%) Product No 837.

Leek United BS
Update type: Deleted
Date: Saturday, 18 May, 2013
2.29% fixed for 2 years has been withdrawn.

L+ G Club - Abbey
Update type: New
Date: Friday, 17 May, 2013
Launched M080H and M080R

PMS - Abbey
Update type: New
Date: Friday, 17 May, 2013
Launched M080H and M080R

Paradigm - Cam (DA)
Update type: New
Date: Friday, 17 May, 2013
3 Year Fixed launched.

Paradigm - Abbey
Update type: New
Date: Friday, 17 May, 2013
Launched M080H and M080R

Pink Direct-Abbey
Update type: New
Date: Friday, 17 May, 2013
Launched M080H and M080R

The Mortgage Works
Update type: New
Date: Friday, 17 May, 2013
Revised product range, all BTL up to 75% are now available for First time Landlords.

SimplyBiz - Abbey
Update type: New
Date: Friday, 17 May, 2013
Launched M080H and M080R

Darlington
Update type: New
Date: Friday, 17 May, 2013
Withdrawn 2yr Discount product.

SMS - TMW
Update type: New
Date: Friday, 17 May, 2013
Revised product range, all BTL up to 75% are now available for First time Landlords.

Halifax
Update type: Amended
Date: Friday, 17 May, 2013
Selected rate reductions on 0-60% LTV products, Shared Equity & Shared Ownership product codes changed.

Leeds B Society
Update type: Amended
Date: Friday, 17 May, 2013
Revised their 85% and 80% fixed rates.

PMS - Cambridge
Update type: New
Date: Thursday, 16 May, 2013
Launched Exclusive 3 year fixed 5.99%. Purchase Only. 95% LTV.

L + G Club-Cambridge
Update type: New
Date: Thursday, 16 May, 2013
Launched new 2yr Fixed Exclusives at 80% and 85% LTV.

PMS - Cambridge
Update type: New
Date: Thursday, 16 May, 2013
Launched new 2yr Fixed Exclusives at 80% and 85% LTV.

Nationwide B.Soc
Update type: New
Date: Wednesday, 15 May, 2013
Revised Products range,3 year fixed rates reduced and new products codes across the range.

NatWest Int Sol
Update type: New
Date: Wednesday, 15 May, 2013
Help to Buy fixed rates available for 2 or 5 years.

Hinckley + Rugby BS
Update type: Amended
Date: Wednesday, 15 May, 2013
Reduced Fee Free Lifetime Discount Flexible & Offset 80% LTV product to 3.19%.

L + G Club - Accord
Update type: New
Date: Monday, 13 May, 2013
Launched new fixed residential products at 80% LTV.

Paradigm - Accord
Update type: New
Date: Monday, 13 May, 2013
Launched new fixed residential products at 80% LTV.

Pink - Accord
Update type: New
Date: Monday, 13 May, 2013
Launched new fixed residential products at 80% LTV.

PMS - Accord
Update type: New
Date: Monday, 13 May, 2013
Launched new fixed residential products at 80% LTV.

SimplyBiz - Accord
Update type: New
Date: Monday, 13 May, 2013
Launched new fixed residential products at 80% LTV.

TMA - Accord
Update type: New
Date: Monday, 13 May, 2013
Launched new fixed residential products at 80% LTV.

TBtLBMC - H + R
Update type: New
Date: Monday, 13 May, 2013
Launched BTL 2 Year 2.74% Tracker, 60% LTV product.

Newcastle
Update type: Deleted
Date: Monday, 13 May, 2013
Withdrawn 3.35% fixed until 30th June 2015, 80% LTV.

L + G Club - Hanley
Update type: Deleted
Date: Saturday, 11 May, 2013
Withdrawn 3.25% 2 Year Fixed Fee Free (80% LTV) and 3.59% 2 Year Fixed fee Free (85% LTV)

Hinckley + Rugby BS
Update type: New
Date: Friday, 10 May, 2013
Launched BTL 2 Year 2.74% Tracker, 60% LTV product.

GE Money
Update type: New
Date: Friday, 10 May, 2013
Reduced rates and revised completion fees on FTB products

AToM - GE Money
Update type: New
Date: Friday, 10 May, 2013
Reduced rates and revised completion fees on FTB products

SMS - GE Money
Update type: New
Date: Friday, 10 May, 2013
Reduced rates and revised completion fees on FTB products

Pink Home Loans - GE
Update type: New
Date: Friday, 10 May, 2013
Reduced rates and revised completion fees on FTB products

SBSLS - GE Money
Update type: New
Date: Friday, 10 May, 2013
Reduced rates and revised completion fees on FTB products

Brilliant Mtgs - GE
Update type: New
Date: Friday, 10 May, 2013
Revised 2yr Fixed Products

TMA - Accord
Update type: New
Date: Friday, 10 May, 2013
Launched new BTL products.

TBtLBMC - Accord
Update type: New
Date: Friday, 10 May, 2013
Launched new BTL products.

SimplyBiz - Accord
Update type: New
Date: Friday, 10 May, 2013
Launched new BTL products.

PMS - Accord
Update type: New
Date: Friday, 10 May, 2013
Launched new BTL products.

Pink - Accord
Update type: New
Date: Friday, 10 May, 2013
Launched new BTL products.

Paradigm - Accord
Update type: New
Date: Friday, 10 May, 2013
Launched new BTL products.

Abbey
Update type: New
Date: Friday, 10 May, 2013
Have revised their product range.

L + G Club - Accord
Update type: New
Date: Friday, 10 May, 2013
Launched new BTL products.

TBMC - H + R
Update type: New
Date: Friday, 10 May, 2013
Have launched a new BTL product.

TBMC - Kent Reliance
Update type: New
Date: Friday, 10 May, 2013
Have launched a new BTL product.

TBMC - Principality
Update type: New
Date: Friday, 10 May, 2013
Have launched a new BTL product.

Hinckley + Rugby BS
Update type: Amended
Date: Friday, 10 May, 2013
Amended rates on 2 year Discount and Fixed 80% residential products and LTV has been increased to 80% on Fee Free Lifetime Flexible & Offset Discount products.

Coventry
Update type: New
Date: Thursday, 9 May, 2013
Launched new Fixed and Flexx for term products.

Coventry BS-Godiva
Update type: New
Date: Thursday, 9 May, 2013
Launched new Fixed and Flexx for term products.

TBMC Mortgage Trust
Update type: New
Date: Thursday, 9 May, 2013
Launched New BTL fixed Product.

L + G Club - Hanley
Update type: New
Date: Thursday, 9 May, 2013
Launched 2.59% fixed until 30-06-2015 Remortgage only upto 75% LTV. No arr or booking fees.

NatWest Int Sol
Update type: New
Date: Thursday, 9 May, 2013
Have revised selected product codes and rates.

TBtLBMC-Principality
Update type: Amended
Date: Thursday, 9 May, 2013
Extended end dates on products.

Leeds B Society
Update type: New
Date: Wednesday, 8 May, 2013
Launched new Introduced Only Fee Assist Fixed until 30-06-2018.

Principality
Update type: New
Date: Wednesday, 8 May, 2013
Launched new products.

L + G Club - Leeds
Update type: New
Date: Wednesday, 8 May, 2013
Launched new BTL 2 year Fixed 2.59%, 75% LTV exclusive.

Leeds B Society
Update type: New
Date: Wednesday, 8 May, 2013
Launched Fixed for 5 year 3.74% Fees Assisted product. Available for LTV's between 76% and 80%.

L + G Mtg Club-Inves
Update type: New
Date: Wednesday, 8 May, 2013
Have launched new 2nd home products.

Paradigm - Investec
Update type: New
Date: Wednesday, 8 May, 2013
Have launched new 2nd home products.

Pink Direct -Invest
Update type: New
Date: Wednesday, 8 May, 2013
Have launched new 2nd home products.

Woolwich
Update type: New
Date: Wednesday, 8 May, 2013
Have launched new Large Loan products.

National Counties
Update type: New
Date: Wednesday, 8 May, 2013
Extended completion deadlines on all fixed rates to 1-10-2013

Scottish Widows Bank
Update type: New
Date: Tuesday, 7 May, 2013
Revised product range, Extended end dates, Launched new high fee products and end dates extended.

Newbury
Update type: New
Date: Tuesday, 7 May, 2013
Launched new Shared Ownership product.

Melton Mowbray
Update type: New
Date: Saturday, 4 May, 2013
Increased Max LTV on Shared ownership products to 95%.

Dudley B Society
Update type: New
Date: Saturday, 4 May, 2013
Launched new products.

L + G Club - Dudley
Update type: New
Date: Saturday, 4 May, 2013
Launched 2 year2.49% Fixed product.

Melton Mowbray
Update type: Amended
Date: Saturday, 4 May, 2013
95% FTB products are products available for Purchase and FTB.

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