Rebekah Commane

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A Day In The Life Of… Peter Buckley, Secure Trust Bank

My alarm goes off at… …strangely enough, I don’t actually use my alarm and have never had to. I’ve always just woken up at 5am; sometimes even earlier. I think that’s been the case ever since I used to do a morning paper round 40 years ago! I can’t leave the house without… …having a […]

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Head 2 Head: Should building societies diversify into new areas?

NO Rob Evans, managing director, Paymentshield The pressure on building societies to diversify is tremendous. Capital requirements in the low-risk, low-LTV markets mean only the largest societies can compete, while the relaxation of PRA rules almost encourages societies to expand into new areas. Human nature is also in play. Doing something interesting, not being left […]

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Editor’s Note: Merry Christmas from Mortgage Strategy

As hard as it may be to believe, another year is drawing to a close. As with every year, the mortgage industry has had its share of ups and downs in 2017 and, in our year in review feature, we document the biggest events to impact the market in the past 12 months, including the Bank […]

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Letters Of The Month

LETTER OF THE MONTH: 10 years on? More diversity, niche products — and a Brexit shadow In response to Mortgage Strategy’s November cover feature, my sense of the world in 10 years’ time is as follows: There will be more lenders, not fewer. With the emergence of more challenger banks actively encouraged, plus the arrival […]

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Industry welcomes confirmation of leasehold ban for new build

The industry has welcomed the Government confirmation earlier today that leaseholds on new build homes will be banned. Following a consultation, communities secretary Sajid Javid announced that the ‘unfair and abusive’ practices in the system would be cut. UK Finance director of mortgages Paul Smee says:  “We support the DCLG’s efforts to address the onerous […]

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Residential property transactions up 7.1% in November: HMRC

There were 104,200 residential property transactions in November, according to the latest report from HMRC, an increase of 7.1 per cent on the same month last year on a seasonally adjusted basis. The number of transactions in November also reflects an increase of 0.6 per cent from October 2017. There have been 1,127,450 residential property […]

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Government to ban leaseholds for new build houses

A ban on leaseholds for almost all new build houses is to come into effect as part of new Government measures to deliver a ‘fairer, more transparent system for homeowners’. Communities secretary Sajid Javid (pictured) has announced plans to cut out ‘unfair and abusive’ practices within the leasehold system. Changes will also be made so […]