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Buy-to-let default ratios outperform expectations

Fitch Ratings says default ratios on buy-to-let properties are performing better than expected.

Charlotte Eady, associate director in Fitch’s RMBS performance analytics team, adds: “Recent headlines have suggested that buy-to-let properties are experiencing higher default ratios than in previous years and are accounting for a significant proportion of repossessions.

However, this contradicts the surveillance data that Fitch has analysed.

“They show a continued better than average performance of this segment with repossessions led more by the sub-prime segment than buy-to-let.”


Cheshire branch gets star treatment

The Manchester branch of the Cheshire on Cross Street became a film studio for the day as ITV Granada filmed scenes for an upcoming comedy-drama The Good Samaritan.The show, starring Shane Richie, even included a branch staff member as an extra in the scenes due out next year. Sue Davies, manager at the Cross Street […]

Skipton extends services in NI

Skipton has extended its mortgage services to Northern Ireland. The society, which already lends in the province through its subsidiary Amber Homeloans, will now also offer its products to borrowers through mortgage brokers, estate agents and financial advisers.

High street lenders slammed for increasing debt

High street lenders are piling further debt upon their customers, says britishinsurance.comResearch undertaken by the company compared loan payment protection insurance premiums of 10 UK lenders and found that, on average, customers were shelling out £2,500 more than they needed to. It reveals that those taking out loan PPI with the most expensive lender during […]

Cascading could land brokers in deep water

Single lender cascading has the potential to be the next mis-selling scandal, fuelling the sort of compensation feeding frenzy that we’ve seen with endowment policies. We must act now.


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