Sam Barker


High-LTV mortgages still ‘largely absent’ in UK & Ireland: UK Finance

High-LTV mortgages are still “largely absent” in both the UK and Irish housing markets, according to UK Finance.  The trade body has today published a report comparing the two countries.  UK Finance says: “High loan-to-value borrowing (90 per cent LTV and above) have been largely absent in both markets, especially for FTBs, for some time.”  But […]


Co-op Group sells final stake in Co-op Bank

The Co-operative Group now has no connection to the Co-op Bank after selling off its final 1 per cent share in the lender for around £5m. The deal ends a 145-year relationship between the two. The group made the announcement in its interim results yesterday but did not name the buyer. The Co-op Bank was […]


More lenders should extend mortgage age limits: BSA

More lenders need to lend to borrowers in their eighties and beyond, according to the Building Societies Association. The BSA welcomes the FCA’s publication of an ‘occasional paper’ earlier today, which suggested firms should take older borrowers into account more with their policies and proposition.  A BSA statement says: “It represents an important first step […]


FCA says older borrowers face advice and product gap

The FCA says many older mortgage borrowers struggle to get complete advice and cannot access a wide choice of products.  The regulator made the statement in an ‘occasional paper’, published today.  It suggests firms should take older borrowers into account more with their policies and proposition.  It adds that mortgage companies should also plan for […]


NatWest to offer first UK paperless mortgage

NatWest says it is the first UK bank to offer paperless mortgages. The lender’s customers can now apply for completely digital mortgages that let them share and verify documents online. Customers have no need to send signed paperwork or personal and private information through the post. A NatWest statement says: It is the first time […]


Key Retirement hires chief executive, unveils expansion plans

Key Retirement has appointed Will Hale as chief executive as it announces plans to increase its adviser numbers from around 130 to 200. Hale was formerly business development director. Key Retirement was previously run by managing director Richard Overson, who will now run the unit’s field-based adviser teams and report into Hale. Hale will lead […]