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Britannia offers 40-year mortgages

Britannia is increasing its maximum mortgage term to 40 years.

Tim Franklin, managing director of Britannia’s member business, says: “As a responsible lender we looked at ways for aspiring first-time buyers to overcome affordability problems so we have revisited our policy on mortgage terms.”

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Scarborough launches sub-prime range

Scarborough is to offer its sub-prime products to the wider broker market earlier than planned. Scarborough Specialist Mortgages is planning to make its new sub-prime products available to all brokers. The product range offers rates ranging from 5.29% on prime loans to 6.49% on adverse buy-to-let mortgages.Tony Burdin, head of group marketing at Scarborough, says: […]

October housing market buoyant says NAEA

The overall national picture for the property market in October showed a buoyant market place in advance of interest rate rises, reveals the National Association of Estate Agents. However, it warns the national story is being led by the South East, whilst other regions are reporting a slow down in activity. The vast regional differences […]

Diversity makes for interesting times

I always thought ‘May you live in interesting times’ was a Chinese curse brought to public attention by Robert Kennedy during a speech in Cape Town in 1966. But if he made it up, which many now believe, how wrong was he?

Remortgaging hits new low

The Council of Mortgage Lenders has revealed that remortgaging has reached its lowest level for five years.Figures for September show that remortgaging accounted for 30% of the market by value, the lowest level since August 2001. Figures for the third quarter of this year reflect this trend, with remortgaging accounting for just 31% of the […]

‘How to…audit your auto-enrolment scheme compliance’

Avoid pension penalties with our auto-enrolment checklist

According to the Pensions Regulator’s annual commentary and analysis report released this month, 785 potential non-compliance cases were referred for investigation, with 23 auto-enrolment compliance notices issued. And they predict that the use of their statutory powers is only going to increase.

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