The committee has also voted not to extend quantitative easing beyond the existing £375bn provision.
The number of first-time buyers in London and Scotland have risen to their highest levels in nearly three years, according to the Council of Mortgage Lenders. In its first quarterly report on lending in London, the CML said that around 10,000 first-time buyers took out a mortgage in London in the third quarter, the highest […]
Nationwide’s group distribution director Matthew Wyles is leaving the building society on 3 December following a restructure. The mutual is combining product development with distribution and the development of the brand to form a new directorate called group retail, led by group product and marketing director Chris Rhodes. Group intermediary sales managing director Ian Andrew […]
NatWest and Coventry were the latest lenders last week to join the growing ranks of lenders to pull out completely from interest-only lending. From today both firms revealed they would no longer offer interest-only residential mortgage lending and only offer it for buy-to-let loans. Existing borrowers with Coventry on interest-only will not be able to […]
Accord Mortgages is reducing rates on a number of its 90 per cent LTV fixed rate mortgages from tomorrow in addition to launching new £495 fee fixed rate products.
In the run-up to the Budget, there was some concern that the chancellor might ‘call time’ on the use of salary sacrifice in employee benefits provision.