Mortgage Strategy
Online - January 2011
-
FSA confirms transfer of business of Kent Reliance to OneSavings
25 Jan 2011
The Financial Services Authority has confirmed the transfer of the business of Kent Reliance Building Society to OneSavings plc under the Building Societies Act 1986.
-
FSA fines RBS and NatWest £2.8m for poor complaint handling
11 Jan 2011
The Financial Services Authority has fined Royal Bank of Scotland and National Westminster Bank £2.8m for multiple failings in the way they handled customers’ complaints, responding inadequately to more than half the complaints reviewed by the FSA.
-
House prices down 1.3% in December
10 Jan 2011
House prices fell 1.3% in December, according to the latest Halifax House Price Index.
-
TMW launches two-year BTL fix at 4.69%
12 Jan 2011
The Mortgage Works has made a number of changes to its buy-to-let range and launched a two-year fixed rate at 4.69%.
-
35 debt management firms surrender licences in OFT review
28 Jan 2011
The Office of Fair Trading says 35 debt management firms have surrendered their consumer credit licences and at least 15 are facing licensing action as a result of an OFT compliance review.
-
86% of DAs upbeat about business volumes in 2011
17 Jan 2011
The Mortgage Alliance’sDistribution Indicator for December found that 86% of directly authorised brokers expected business volumes to rise in 2011.
-
Abbey cuts rates on trackers
12 Jan 2011
Abbey for Intermediaries is reducing rates on two and three-year trackers by 0.11% from tomorrow.
-
Abbey launches new range and cuts rates
20 Jan 2011
Abbey for Intermediaries is launching its latest range of mortgage rates tomorrow, which includes new fixed and tracker mortgages, along with rate reductions of up to 0.37%.
-
Accord increases all five-year fixes by 0.2%
26 Jan 2011
Accord Mortgages is increasing the rates on all its five-year fixed rate products by 0.2% at midnight tonight, just over two weeks after they were launched.
-
Accord launches new products
10 Jan 2011
Accord Mortgages is launching a new range of semi exclusive products including a 2.99% two-year fixed rate at 75% LTV.
-
Aldermore appoints four more to commercial lending team
24 Jan 2011
Aldermore has made four more senior appointments to its commercial mortgage lending team.
-
Aldermore appoints lending commercial managers
17 Jan 2011
Aldermore has appointed Mark Pagett and Peter Owen to the roles of senior commercial lending managers.
-
Apprentice mortgage broker handed suspended sentence for fraud
28 Jan 2011
The mortgage broker who appeared on the Apprentice has been given a suspended sentence for fraud.
-
As inflation surges, fixing looks ever more attractive
19 Jan 2011
Faced with the barrage of news headlines in almost every paper today about raging inflation leading to soaring interest rates, we thought it was prudent to bring a sense of calmness to the media storm.
-
ASA bans estate agency ad
12 Jan 2011
The Advertising Standards Authority has banned an advertisement from Imagine Estate Agents.
-
Assurant Intermediary launches new point of sale platform
20 Jan 2011
Specialist general insurance provider Assurant Intermediary has launched UPOS, a new web-based point of sale platform designed to provide intermediaries with a single point of access to its full range of products.
-
Assurant launches ASU underwritten at point of sale
12 Jan 2011
Assurant Intermediary is launching the first accident sickness and unemployment products to be underwritten at the point of sale.
-
AToM allocated £10m by building society
7 Jan 2011
All Types of Mortgages has been allocated £10m by a small southern building society on its Complex Prime Panel.
-
Average LTV hits highest level for two years
6 Jan 2011
The average LTV offered by mortgage lenders rose to 58.9% in December, the highest level for two years, e.surv research shows.
-
Barclays raises LTV to 80% on Great Escape deal
5 Jan 2011
Barclays is extending the LTV on its Woolwich Great Escape remortgage package to 80% from January 6 2011.
-
Barratt offers loans to parents of FTBs
12 Jan 2011
Barratt Developments has teamed up with Hitachi Capital (UK) to offer parents’ of first-time buyers unsecured loans of up to £50,000 to use as a deposit for an 80% LTV mortgage.
-
Bluecoat Software partners with Whitechurch Network
31 Jan 2011
Bluecoat Software has been appointed by The Whitechurch Network as its new technology partner.
-
BM Solutions launches two buy-to-let deals
10 Jan 2011
BM Solutions is launching two buy-to-let products today at 60% LTV.
-
Bright Grey extends critical illness cover
21 Jan 2011
Bright Grey is enhancing its critical illness cover by extending the definitions of three critical illnesses it covers as from Monday.
-
Brightstar launches with 0.89% bridging rate
31 Jan 2011
Brightstar Financial is launching today and is offering the UK’s lowest mainstream bridging rate.
-
Brilliant Solutions adds Saffron to panel
11 Jan 2011
Brilliant Solutions, the financial services distributor, part of Exclusive Connections, has added Saffron Building Society to its lender panel.
-
Bundled mortgages can cause problems, says FSA
25 Jan 2011
Products that are bundled with another product, such as bundled mortgages and offset mortgages, can hamper a consumer’s ability to recognise suitability, says the Financial Services Authority.
-
Cameron slams lenders' strict criteria
6 Jan 2011
Prime Minister David Cameron has slammed banks and building societies for holding back the housing market with overly strict lending.
-
Capital Economics predicts a tough outlook for housing in 2011
5 Jan 2011
Economists are predicting a subdued mortgage market in 2011 despite new data from the Bank of England’s that shows an upturn in mortgage approvals.
-
Central Trust launches secured loan products
31 Jan 2011
Central Trust, the secured loan lender, is launching its product range with loan brokers and packagers for the first time in its 23 year history.
-
Clydesdale Bank made available to L&G ARs
24 Jan 2011
Clydesdale Bank products to be available to Legal & General network appointed representatives via the Legal & General mortgage club.
-
CML throws its weight behind the TCF Lender Forum
6 Jan 2011
The Council of Mortgage Lenders has joined forces with eight mortgage lenders who have confirmed their ongoing support for the TCF Lender Forum and its website.
-
Colin Walsh takes up role of CML chairman
25 Jan 2011
Colin Walsh, managing director of Lloyds Banking Group Mortgages, has today become chairman of the Council of Mortgage Lenders.
-
Connect Services Group to enter into administration
6 Jan 2011
Connect Services Group has ceased trading and is to be placed into administration.
-
Costs of FSA's product intervention must not fall on advisers, says AIFA
26 Jan 2011
The Association of Independent Financial Advisers says associated costs of the FSA’s Discussion Paper on Product Intervention should not fall on advisers.
-
Countrywide launch valuation service with First Direct
31 Jan 2011
Countrywide has started supplying its valuation service to First Direct.
-
Countrywide's buy-to-let deals jump 22% in 2010
21 Jan 2011
Buy-to-let applications jumped 22% at Countrywide during 2010.
-
Coventry Intermediaries cuts mortgage rates by up to 0.55%
20 Jan 2011
Coventry Intermediaries has cut rates and increased LTV’s on a number of its residential and buy-to-let deals.
-
Coventry launches buy-to-let deals
7 Jan 2011
Coventry Intermediaries has launched two new buy-to-let products with no arrangement fees.
-
Coventry launches new mortgages
3 Jan 2011
Coventry and Godiva have launched a new range of residential and buy-to-let mortgages.
-
CPI surges but it's a damp squib for the market
19 Jan 2011
The latest inflation figure of CPI 3.7% year-on-year will provide plenty of copy for the news media but the market’s reaction hardly justifies the Evening Standard headline of “Soaring interest rate on the way”.
-
Earning £100 less would make mortgage unaffordable for 5% of middle-aged
27 Jan 2011
One in 20 of 45-54 year olds say they couldn’t keep up repayments if their monthly income dropped by up to £100, research by Callcredit Information Group shows.
-
Equity release sales up for first time since 2007
17 Jan 2011
Sales of equity release plans climbed 3.36% in 2010 to 22,020, the first rise since 2007.
-
Estate agents report surge in buyer enquires
18 Jan 2011
The housing market saw a surge in the level of enquires, both for buyers and sellers in the first two weeks of January, say estate agents.
-
Estate agents urge Shapps to stop MMR
5 Jan 2011
Estate agents are urging housing minister Grant Shapps to stop the Mortgage Market Review when he meets with Hector Sants, chief executive of the FSA, this week.
-
Firms that buy mortgage books must be FSA regulated
26 Jan 2011
Mark Hoban, the Financial Secretary to the Treasury, has today announced a package of measures intended to enhance consumer protection in the mortgage market.
-
Fitch affirms Northern Rock at BBB+
28 Jan 2011
Fitch Ratings has affirmed Northern Rock’s long and short-term Issuer Default Ratings at BBB+ and F2 respectively.
-
Former Leadbay bosses launch lead generation firm
31 Jan 2011
Two former Leadbay employees who left the firm in May 2010 have launched a lead-generator firm.
-
Four in 10 landlords plan to increase rents in 2011
4 Jan 2011
Four out of 10 landlords in the private rented sector plan to increase the rent they charge tenants in the next year, research from Paragon Group shows.
-
FSA bans five mortgage brokers
25 Jan 2011
The Financial Services Authority has banned five mortgage intermediaries and fined one of them £104,000. This brings the total number of mortgage intermediaries banned since December 2006 to 101.
-
FSA cancels two firms’ permissions over RMAR
6 Jan 2011
The Financial Services Authority has cancelled the permissions of two mortgage firms for failing to submit their Retail Mediation Activities Return.
-
FSA fines Barclays £7.7m
18 Jan 2011
The Financial Services Authority has fined Barclays Bank £7.7m for failures in relation to the sale of two funds.
-
FSA fines Barclays Capital £1.12m
26 Jan 2011
The Financial Services Authority has fined Barclays Capital £1.12m for not separating client money from the firms’ money.
-
FSA hits back at MMR criticism
14 Jan 2011
Speaking at Mortgage Strategy’s Mortgage Masters event yesterday, Lynda Blackwell, mortgage policy manager at the Financial Services Authority, hit out at the criticism against the Mortgage Market Review.
-
FSA opens debate over future product interventions
25 Jan 2011
The Financial Services Authority says it wants a public debate about product intervention and any decision to outright ban products in the future.
-
FSA proposes interest rate cap on credit-impaired mortgages
25 Jan 2011
The Financial Services Authority is proposing a cap on the interest rates lenders can charge for credit-impaired mortgages.
-
FSA proposes more qualifications for advice on specialist products
25 Jan 2011
The Financial Services Authority is proposing advisers take more qualifications when advising on non-mainstream products.
-
FSA says arrears creeping to 1990s levels
14 Jan 2011
Arrears are creeping back to similarly high levels seen in the 1990s, the Financial Services Authority claims.
-
FSA urges EU not to implement Europe-wide mortgage regulation
27 Jan 2011
The Financial Services Authority is urging the European Union not to implement Europe-wide mortgage regulation.
-
FSA will regulate secured loans
26 Jan 2011
Mark Hoban, the Financial Secretary to the Treasury, has today confirmed that the regulation of secured loans is being transferred from the Office of Fair Trading to the Financial Services Authority.
-
Future of Portillion hangs in the balance
5 Jan 2011
Stephen Knight, chief executive officer of Portillion, says the future of the would-be lender rests on it securing £110m of funding in Q1.
-
GDP growth slows in Q4 2010
11 Jan 2011
UK economic growth slowed in Q4 2010 to between 0.4% and 0.5%, the British Chambers of Commerce’s latest Quarterly Economic Survey shows.
-
GEMHL to scrap igroup brand
27 Jan 2011
GE Money Home Lending is scrapping its igroup brand on February 4 and all existing products will fall under the GE Money brand.
-
Grant Shapps to meet with Hector Sants over MMR
3 Jan 2011
Housing minister Grant Shapps is set to meet with Hector Sants, the head of the Financial Services Authority this week to discuss the Mortgage Market Review.
-
Gross lending falls to £11bn in December
21 Jan 2011
Gross mortgage lending fell in December to an estimated £11bn, Council of Mortgage Lenders data shows.
-
Halifax launches 90% direct-only deal
5 Jan 2011
Halifax has launched a two-year, no fees, fixed rate first-time-buyer mortgage at 5.79%, available only through its branches.
-
Halifax revamps mortgage rates
12 Jan 2011
Halifax is increasing rates on lower LTV mortgages but is reducing rates on high LTVs.
-
HML appoints director of savings and unsecured lending
6 Jan 2011
Financial outsourcer HML has appointed Ian Cornelius as director of savings and unsecured lending as part of an expansion into the sector.
-
Homeowners want to pay 3.3% on fixed rates
10 Jan 2011
The average rate homeowners would be prepared to fix at is now just 3.3%, dropping from 4% in January 2009, research from unbiased.com shows.
-
House prices fell 0.2% in December
31 Jan 2011
The average house price in England and Wales fell 0.2% in December to £163,814, the latest figures from the Land Registry show.
-
House prices increase 4% year on year in November 2010
19 Jan 2011
House prices rose 4% year on year in November 2010, the Communities and Local Government House Price Index shows.
-
House purchase approvals fall 10% at banks in 2010
26 Jan 2011
Approvals for house purchases at banks fell by 10% in 2010, data from the British Bankers Association shows.
-
House purchase lending unchanged in November
14 Jan 2011
November was a stable month with very few changes to the volume and value of mortgage activity, according to new data from the Council of Mortgage Lenders
-
House sales highest for three years
4 Jan 2011
The number of houses sold in December 2010 was the highest figure for three years, the latest Agency Express Property Activity Index shows.
-
HSBC stops fees on trackers in January sales
4 Jan 2011
HSBC is launching its January sales with zero fees on all tracker mortgages.
-
Increase in properties sold at auction
4 Jan 2011
The number of residential properties sold at auction is increasing, the National Association of Valuers and Auctioneers figures’ shows.
-
Inflation could edge up to 4% by spring
17 Jan 2011
The Ernst & Young Item Club has predicted that inflation could near 4% by Spring, but it says it’s vital that the Bank of England continues to hold its nerve on interest rates.
-
Inflation jumps to 3.7% in December
18 Jan 2011
Inflation jumped to 3.7% in December, up from 3.3% in November, data from the Office of National Statistics shows.
-
ING Direct joins Openwork's lender panel
20 Jan 2011
ING Direct has joined Openwork’s lender panel.
-
Interest rates kept on hold at 0.5%
13 Jan 2011
The Bank’s Monetary Policy Committee has kept the base rate on hold at 0.5%.
-
Is Grant Shapps the saviour of the housing market?
12 Jan 2011
This morning my 4am alarm call pervaded my fitful slumbers to remind me that something was happening today that could potentially be rather important.
-
Islamic Bank of Britain relaunches broker website
5 Jan 2011
The Islamic Bank of Britain has re-launched its intermediary website.
-
Just Retirement appoints three directors
11 Jan 2011
Life assurance and retirement provider Just Retirement has appointed three new senior directors.
-
Keith Baldwin joins Intrinsic
11 Jan 2011
Keith Baldwin has joined Intrinsic Financial Services as a non-executive director.
-
L&G launch new service with Largemortgageloans.com
13 Jan 2011
Legal & General has launched a new service with Largemortgageloans.com, offering a referral service for clients who are looking to borrow £500,000 or more, as part of its high net worth proposition.
-
Landlord yields hit 8.7% on HMOs in 2010
18 Jan 2011
Yields for landlords on houses with multiple tenants were 8.7% in 2010 - almost double those of normal buy-to-let properties, the Mortgages for Business Complex buy-to-let Index shows.
-
Landlords optimistic in 2011
10 Jan 2011
Seven in 10 landlords are optimistic about 2011, research by the Paragon Group shows.
-
Law Society launches qualification to tackle mortgage fraud
27 Jan 2011
The Law Society is introducing a new qualification to help solicitors tackle mortgage fraud.
-
Leadpoint signs up over 100 advisers since Christmas
6 Jan 2011
LeadPoint has signed up over 100 new advisers and has received a record number of new lead buyer enquiries since Christmas.
-
Leeds reduces buy-to-let discount rate
11 Jan 2011
Leeds Building Society has decreased its two-year discount buy-to-let deal by 0.30%.
-
Lender appetite increases but demand remains weak, says BoE
6 Jan 2011
The latest Credit Conditions Survey from the Bank of England shows that a number of lenders increased lending in Q4, but consumer demand still remains weak.
-
Lenders report FSA pressure on MMR, says Boulger
24 Jan 2011
Some lenders are reporting being pressurised by their Financial Services Authority supervision teams to adopt some of the draft Mortgage Market Review rules, says Ray Boulger, senior technical manager at John Charcol.
-
Lib Dem MEP beats George Osborne in global influence stakes
19 Jan 2011
Liberal Democrat MEP Sharon Bowles has been judged to have more clout than the chancellor George Osborne in a poll of the 50 most influential people in global financial regulation over the past 12 months.
-
Lloyds launches deal for borrowers in negative equity
27 Jan 2011
Lloyds Banking Group has launched a new deal for existing borrowers in negative equity that is available direct only.
-
Loans and mortgage products top consumer online searches
24 Jan 2011
Some 61% of the 2 million UK consumer searches conducted online for retail banking-related services in October 2010 were for loans and mortgages, according to the latest quarterly research from Greenlight.
-
Loans Warehouse adds Jigsaw Money to panel
18 Jan 2011
Loans Warehouse has added the first of three new secured loan lenders to its panel - Jigsaw Money.
-
Masthaven becomes FSA regulated
31 Jan 2011
Masthaven Bridging Finance has become regulated by the Financial Services Authority and says it is ready to open its doors to first-charge owner-occupied lending.
-
Matthew Bullock retires from N&P
11 Jan 2011
Norwich & Peterborough Building Society’s chief executive Matthew Bullock will retire after 12 years in the role, the lender has announced.
-
MDA completes sale of xit2
5 Jan 2011
Macdonald Dettwiler & Associates has announced that the formal sale of its entire Information Products Division to TPG Capital has been completed today.
-
More than 295,000 using credit cards to pay mortgage or rent
6 Jan 2011
Some 295,000 people have used credit cards to pay their mortgage or rent in the North-West, research from Shelter reveals.
-
Mortgage approvals to be flat in 2011
12 Jan 2011
Mortgage approvals are set to remain flat over next 12 months as new norm in lending is set, Hometrack reports.
-
Mortgage broker is suing FSA for libel
31 Jan 2011
A mortgage broker is suing the Financial Services Authority for libel, the Telegraph reports.
-
Mortgage fraud hits £1bn in 2010
27 Jan 2011
The National Fraud Authority says mortgage fraud remains high after its figures show it hit £1bn in 2010.
-
Mortgage fraud plummeted last year, says KPMG
10 Jan 2011
The latest Fraud Barometer from KPMG reveals mortgage fraud dropped between July to December, from 21 to 13 cases.
-
Mortgage lead firm Lead Magpie launches
31 Jan 2011
A new website Lead Magpie has launched, offering mortgage leads to brokers.
-
Mortgage Promotions joins Largemortgageloans.com
31 Jan 2011
Largemortgageloans.com has signed a new agreement with Mortgage Promotions to deliver its large loan referral service to its members as part of the Partnership Programme.
-
Mortgageforce reports loss in 2009/10
5 Jan 2011
Mortgageforce says it has recovered this financial year after losses of £239,800 for the year ending March 2010.
-
MPs debate MMR in House of Commons
18 Jan 2011
The Mortgage Market Review was debated in the House of Commons last night, with MPs putting forward their arguments against the proposals to Mark Hoban, financial secretary to the Treasury.
-
MSTV: Alan Cleary on why more lender fines are on the way
18 Jan 2011
In this edition of Mortgage Strategy TV, we speak to Alan Cleary, managing director of Precise Mortgages, about why he expects more lenders to receive Financial Services Authority fines this year.
-
MTE processes over 200,000 mortgage applications in 2010
28 Jan 2011
Figures released today from the Mortgage Trading Exchange show that 200,663 mortgage transactions were processed via the platform during 2010.
-
NACFB appoints new chairman
19 Jan 2011
The National Association of Commercial Finance Brokers has appointed Kevin Jones of Omega Commercial Solutions as its new Chairman for 2011 and 2012.
-
Nationwide reduces rates and offers fee free deals
31 Jan 2011
Nationwide is introducing a number of changes to its mortgage range tomorrow and launching a range of fee free deals.
-
Nationwide takes back £2bn book from HML
17 Jan 2011
Nationwide Building Society is transferring the servicing of almost £2bn of its mortgage book from HML to in-house, following its acquisition of the Cheshire and Derbyshire Building Societies.
-
Natwest Intermediary Solutions launches 90% LTV two-year fix
5 Jan 2011
NatWest Intermediary Solutions is launching a two-year fixed rate 90% LTV purchase mortgage at 6.19% with a £999 fee, in a revamp of its range.
-
Nearly half of brokers expect B2L boost in 2011
26 Jan 2011
Nearly half of mortgage brokers are expecting to increase their of buy-to-let business during 2011, research from Paragon Mortgages shows.
-
New owners to relaunch Leadbay
10 Jan 2011
Leadbay is set to be relaunched after its assets were transferred to Mitchell Farrar Group.
-
Nigel Stockton to replace Snowball at Countrywide
7 Jan 2011
Alan Snowball, managing director of Countrywide Principal Services, is retiring with Nigel Stockton taking over the running of Countrywide’s mortgage and insurance services.
-
No worries until £15,000 in debt, say Britons
11 Jan 2011
Britons only see themselves in serious financial difficulty once they are in over £15,837 of debt, according to Scottish Provident’s Financial Safety Net report.
-
November house prices down 0.6%
3 Jan 2011
House prices were down 0.6% in November, shows the latest data from the Land Registry.
-
Number of valuations rises 2% year-on-year
11 Jan 2011
The number of residential property valuations in December rose by 2% year on year, research by Connells Survey and Valuation shows.
-
OFT sets decision date for Mortgage Brain and TrigoldCrystal merger
13 Jan 2011
The Office of Fair Trading has asked for feedback on the proposed Mortgage Brain acquisition of TrigoldCrystal and says it will make a decision by March 8.
-
Over 80% of advisers expect the same or more business in 2011
28 Jan 2011
Legal & General’s quarterly adviser confidence index shows 85% of advisers expect their business volumes will be at least the same or greater in 2011.
-
Paragon already has £75m worth of deals in pipeline
27 Jan 2011
Paragon has already advanced £8.8m of loans and has £75m in the pipeline between October and December last year.
-
Paragon has no firm plans to relaunch two-year fixes
17 Jan 2011
Paragon has no fixed plans to relaunch its two-year fixed rate deals after withdrawing them due to unpredictable swap rates.
-
Part exchange properties rise for first time since 2007
24 Jan 2011
Part exchange properties rose for the first time in three years, research by LSL Property Services.
-
Personal insolvency falling after years of rises
4 Jan 2011
Levels of personal insolvency are starting to decline following a steady upward trend over the last ten years, The Insolvency Service reports.
-
Phoebus expands team
26 Jan 2011
Phoebus has announced it has increased the size of its workforce by 25%.
-
Platform revamps entire product range
12 Jan 2011
Platform’s is launching an entirely new range of mainstream and buy-to-let products today.
-
Platform victim of fake email scam
12 Jan 2011
Platform is the victim of an email scam which has been sent to property investors under a fake address.
-
PMS and Sesame grab 27% share of broker market
20 Jan 2011
PMS and Sesame have revealed they had a 27% share of the intermediary mortgage market in 2010.
-
Portal Portfolio teams up with Target
19 Jan 2011
New secured loan provider Portal Portfolio has selected Target Group to provide loan origination and end to end servicing for its second charge mortgage product.
-
PPI cases could exhaust FOS reserves
10 Jan 2011
The Financial Ombudsman Service has warned that its reserves could be exhausted within six weeks if businesses stop being cooperative over Payment Protection Insurance complaints.
-
Precise launches range of near-prime products
27 Jan 2011
Precise Mortgages is launching 50 products for borrowers finding it difficult to get mortgages on the high street.
-
Precise links up with distributors
17 Jan 2011
Precise Mortgages has linked with a number of new distributors after its launch into the home owner market last year.
-
Precise Mortgages expands sales and marketing teams
26 Jan 2011
Precise Mortgages has appointed three new business development managers to its sales team.
-
Property fund offers 95% deal to FTBs
31 Jan 2011
The Mill Group is launching what it claims is the UK’s first property investment fund, offering investors the opportunity to invest in residential property by financing first-time buyer deals up to 95% LTV and removing their need for a mortgage.
-
Property sales stabilise in December
18 Jan 2011
The level of completed house sales stabilised at the end of 2010, but the outlook for the property market remains mixed, says the latest RICS UK Housing Market survey.
-
Quarter of households are underinsured
17 Jan 2011
A quarter of homeowners are underinsured by undervaluing their home contents, according to new report from Direct Line.
-
Remortgages up £400m in November
4 Jan 2011
Remortgages increased by £400m in November, Bank of England Lending to Individuals’ data shows.
-
Rising swap rates put pressure on fixed deals
12 Jan 2011
Recent increases in swap rates are starting to force up the price of fixed rate mortgages, say industry experts.
-
Rob Jupp to launch specialist distributor
6 Jan 2011
Rob Jupp, former managing director of Savills Lending Solutions, is launching a specialist distributor in February, Mortgage Strategy understands.
-
Savings boost for mutuals in November
4 Jan 2011
Savings balances held at mutuals increased by £0.6bn in November 2010, following a £1.1bn drop in October, Building Societies Association figures show.
-
Sentance renews call for rate rise
25 Jan 2011
Monetary Policy Committee member Andrew Sentance has once again called for interest rates to rise.
-
Shapps is putting all his eggs in one basket on housing
4 Jan 2011
Housing minister Grant Shapps is putting all his eggs in one basket and needs a Plan B for house building, the Home Builders Federation says.
-
SimplyBiz extends agreement with technology provider
17 Jan 2011
SimplyBiz has extended its licence agreement to cover a further 1,000 IFAs with financial planning and front office technology provider, Distribution Technology.
-
Skipton launches fixed rates and trackers
17 Jan 2011
Skipton Building Society has further enhanced its mortgage range by launching a suite of new two-year fixed rates, and two and three-year base rate trackers.
-
Skipton relaunches three and five-year fixed rates
14 Jan 2011
Skipton Building Society is relaunching its range of three and five-year fixed rate mortgages from Monday after withdrawing them in the last fortnight.
-
Skipton withdraws all three and five-year fixed rates
11 Jan 2011
Skipton Building Society has withdrawn all its three and five-year fixed rate deals.
-
Tax increases will have little impact on high end property
21 Jan 2011
From April 6 2011, those buying properties worth £1m or more will see the amount they pay in Stamp Duty rise from 4% to 5%, but research from Investec Specialist Private Bank reveals that 52% expect this to have no impact on prices.
-
Tenant arrears set to soar this year
7 Jan 2011
Tenant defaults could soar over the next year after reports that many have borrowed money on a credit card to pay their mortgage or rent over the past year, warns Landlord Assist.
-
Tenet Lime sees improvement in broker market
11 Jan 2011
Tenet Lime says it has seen robust growth in its mortgage and protection business over the last 12 months.
-
Tesco Bank teams up with FICO Analytic Solutions
20 Jan 2011
FICO, a provider of analytics and decision management technology will provide collections, risk and fraud solutions to Tesco Bank for its banking platforms.
-
The only way is up
31 Jan 2011
Last week was all about growth, or rather the lack of it, with unexpected figures released that showed the UK economy had actually shrunk by 0.5% in the last quarter of 2010.
-
Tiuta links with AMPD
10 Jan 2011
Tiuta has joined the Alliance of Mortgage Packagers and Distributors as the packaging alliance looks to boost its lending panel.
-
Tiuta offers 0.89% bridging rate
31 Jan 2011
Tiuta is offering a bridging loan rate of 0.89% per calender month for properties within the M25 area.
-
Tiuta, MAB and Coreco back Rob Jupp's specialist distributor
21 Jan 2011
Tiuta, Mortgage Advice Bureau and Coreco are backing a specialist distributor led by Rob Jupp, former managing director at Savills Lending Solutions which is launching imminently.
-
TLT makes new appointments to mortgage litigation team
20 Jan 2011
National law firm TLT is strengthening its mortgage litigation practice with the hiring of partners Gavin Dowell and Paul Heeley from specialist mortgage litigation practice Glenisters.
-
TMA links with Manor Mortgages
24 Jan 2011
The Mortgage Alliance has added packager and specialist distributor Manor Mortgages to its panel.
-
TMW enhances Prime range
17 Jan 2011
The Mortgage Works has added a number of new products to its Prime range, such as an 18-month fixed rate product starting at 2.14%.
-
Two MPC members vote for rate rise in January
26 Jan 2011
Two members of the Bank of England’s Monetary Policy Committee voted for an interest rate rise in January’s MPC meeting.
-
UK economy shrinks 0.5% in Q4
25 Jan 2011
The UK’s economy suffered a 0.5% quarterly drop in Q4, figures from the Office for National Statistics show.
-
UK house prices up 91% in the past decade
31 Jan 2011
UK house prices have risen by 91% over the past ten years, the latest research from Halifax shows.
-
UK prime RMBS remained stable In November 2010
18 Jan 2011
The performance of the UK prime residential mortgage-backed securities market continued its stable trend during November 2010, according to the latest indices published by Moody’s Investors Service.
-
Unemployment hits 2.5 million
19 Jan 2011
Unemployment rose by 49,000 to reach 2.5 million and 7.9% in the three months leading to November 30 2010, data from the Office of National Statistics data shows.
-
Which? hits out at lender fees
22 Jan 2011
Mortgage providers are charging their customers a total of 39 different types of fee, claims research from Which? Money.
-
Wrong time for MMR, says CBI
24 Jan 2011
The Confederation of British Industry says it is the wrong time to introduce the Mortgage Market Review.
-
Yorkshire BS hikes fixed deals after swap rate rises
19 Jan 2011
Yorkshire Building Society is raising rates on its two, three, five and 10-year fixed rate deals by 0.3% in response to rising swap rates.
