View more on these topics

Swift updates its ID system

Swift has revamped its electronic identification facility to allow the inputting of applicants’ passport and driving licence details.

Recommended

Hazel Blears to head up DCLG

Hazel Blears has reportedly replaced Ruth Kelly as communities secretary heading up the Department of Communities and Local Government. Although the government has refused to confirm appointments, the BBC website has reported that Kelly has been moved over to the role of transport secretary while Blears, the MP for Salford, has taken over the government […]

Interest-only deals on the up

Research from Paragon Mortgages shows the amount of interest-only business submitted by brokers increased from 11% to 26% between 2004 and 2007. The lender says borrowers and brokers are increasingly opting for interest-only mortgages in preference to repayment deals.

BTL market has grown by 30 times

ThePropertyInvestmentMarket.com says the buy-to-let market has grown by 30 times since Blair has been in power.The website says the buy-to-let market represents approximately 10% of the UK residential housing market having grown from virtually nothing since 1997. By the end of 2006, there were 850,000 buy-to-let mortgages outstanding, worth £94.8bn , from only 28,700 less […]

KGB launches mortgage desk

KGB Packaging has launched a mortgage desk as part of its adviser subsidiary Mortgageability. The service is aimed at CeMAP-qualified self-employed brokers who want to work in a busy mortgage environment while retaining their independence.

Newsletter

News and expert analysis straight to your inbox

Sign up