View more on these topics

HSBC increases SVR to 4.74%

HSBC will increase its home buyer mortgage variable from 4.49% to 4.74% from December 2 2003.

The rate for large advances of £250,000 or over will also increase to 4.49%. Both rates will apply to existing and new customers.

Tony Ashford, general manager, personal banking at HSBC, says: “While interest rate increases are generally not good news for homeowners, HSBC mortgage customers can be reassured by that we are only matching the rise in the base rate, not exceeding it.”


Mortgage Pro to display sourcing system at Mortgage Expo

Mortgage Pro will be displaying its modular mortgage sourcing and processing system at Homebank&#39s stands at this years Mortgage Expo. Delegates will be able to see how an application is sourced, compliant documentation produced and a fully completed application is sent to the head office module for processing. Homebank Mortgages PLC, which will be recruiting […]

Advantage increases turnover by 185%

Advantage Mortgage Services says turnover has increased by 185% with over £60m of sub-prime and niche mortgages now processed every month. The North-West based mortgage packager and branded lender, says the increase follows a number of packaging alliances over the last 12 months, with applications now up by 180% in its last financial year. In […]

Platform in branding deal with LMS

Platform has formed a branded lender relationship with Essex-based packager LMS Homeloans. LMS joins five other Platform-funded branded lenders and plans to offer a product range including prime, self-cert, buy-to-let and non-conforming deals to mortgage brokers. Intermediaries using LMS Homeloans will have access to two base rate tracker exclusives with a £750 cashback available on […]

Programme was a typically one-sided BBC production

From Simon ChalkThe BBC&#39s The Money Programme last month highlighted the issue of fraudulent mortgage applications. But, as you might expect when you consider some of the dross that comes out of the BBC these days, this seemed to me to be a one-sided and headline-seeking production. To say that the buoyant housing market is […]

UK: mid-year review and outlook

By Mark Martin, manager of the Neptune UK Mid Cap Fund, and Scott MacLennan, manager of the Neptune UK Opportunities Fund H1 2014• Equity markets continued to show strength: despite a strong rally in 2013 driven by a market-wide re-rating, equity markets continued to generate positive returns for investors. Economic activity continued to be stimulated […]


News and expert analysis straight to your inbox

Sign up