Emma Simon

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Co-op Bank targets first-time buyers with new mortgage range

Platform, the intermediary arm of The Co-operative Bank, will start offering 95 per cent LTV mortgages from September 3.  This mortgage range is available for residential purchases, and are offered on two, three or five-year fixed-rate terms. All of the 95 per cent mortgage offer two fee options. Borrowers can select a fee-free option, or […]

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Ipswich BS updates lending criteria

The Ipswich Building Society has updated its lending criteria for applicants with investment income or pension expenditure.  The Society will now take 75 per cent of an individual’s investment income into account when assessing affordability. Previously it would only take 50 per cent of this income into account. This investment income will be assessed alongside […]

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Mortgage approvals shrink in July: Bank of England

TThere was a modest dip in the number of home loans approved for both house purchase and remortgaging in July, according to the latest Bank of England figures. Their figures show that home loans worth a total of £20.8bn were approved in July. This accounts for £12.1bn for house purchases, down from £12.2bn the month […]

First-time buyers capitalise on summer slowdown in property market

The number of house sales to first-time buyers rose to an eight month high in July, according to the latest figures from the National Association of Estate Agents. First time buyers capitalised on an increased supply of available property, and weaker buyer demand, according to the NAEA Propertymark monthly housing report. Around a third of […]

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Housing market remained flat in July: MAB

The housing market remained flat in July, according to the latest monthly report  from the Mortgage Advice Bureau. Its data showed almost no change in the size of the average residential mortgage (for purchase or remortgage), the typical loan to value, nor the age of applicants. This includes the average age of first-time buyers.   […]

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Dudley Building Society refreshes ex-pat mortgage range

The Dudley Building Society has cut interest rates on its ex-pat mortgage products, while increasing the maximum LTVs. The building society will now allow residential buyers to borrower up to 80 per cent of the property’s value, and is charging a discounted rate of 3.84 per cent for the term of the mortgage. Previously the […]

Barclays reduces cost of BTL deals

Barclays is reducing the cost of selected buy-to-let mortgages, and introducing a range of new ‘low fee’ residential deals. These changes are effective from 30 August. On its buy-to-let range rates have been cut on its two- and five-year fixes. On its two-year fix at 75 per cent LTV, rates have been cut from 1.91 […]

Rightmove set to drop out of FTSE 100

The UK’s largest online estate agent, Rightmove, could see itself ejected from the FTSE 100 next week, after its share price slumped over the summer. Next week sees the quarterly rebalancing of this stock market index of the largest companies in the UK. The downturn in house prices in London and the South East, coupled […]

TMA partners with CIExpert

TMA Club will now offer its brokers access to CIExpert software, enabling them to compare and rank different critical illness products. These protection policies are often sold alongside a mortgage. The CIExpert Adviser Online Service provides a comprehensive ranking system, helping advisers recommend a suitable option. This new agreement follows a number of other recent […]