View more on these topics

Mortgage product numbers up marginally in August

The number of mortgage products available to intermediaries increased by 2% in August, taking the rise in product numbers over the past six months up to 40%.

Mortgage Brain’s Monthly Product Analysis shows there were 13,842 live mortgage products as of August 30.

The number of variable rate products dropped slightly, by 1.5%, to 1,724, its first fall for three months.

Meanwhile the number of fixed rate products increased by 3%, or 258 products, to reach 8,273, and the number of trackers rose by 1% to 3,845.

Mark Lofthouse, chief executive officer at Mortgage Brain, says: “Mortgage product numbers have increased for the ninth month in a row now, which is great news for brokers.

“Twelve months ago, there were 7,618 products listed on our system and since then 6,224 new products have been introduced to bring the current total to 13,842. That’s an 82% increase since August 2010, which speaks volumes for the direction in which the market has been heading.”


New banking venture eyes NAB brands before Lloyds move

New banking venture NBNK is looking to acquire Yorkshire and Clydesdale banks to use as a platform to buy the branches Lloyds Banking Group has been forced to sell. An announcement to the stockmarket this morning confirmed NBNK’s shares had been suspended following media speculation and the size of the operations it was looking to […]

Cambridge offers large loan deal up to £2m at 75% LTV

Cambridge Building Society has launched a mortgage aimed at those seeking loans between £500,000 and £2m. The society says it will lend on an interest-only basis up to £750,000 of the loan. The product is a five-year fix at 4.19% available up to 75% LTV with an arrangement fee of 0.2% at a minimum value […]

HML residential servicer ratings move up a notch

Fitch Ratings has upgraded HML’s residential mortgage special servicer rating to RSS2from RSS3+. It has also affirmed its UK residential mortgage primary servicer ratings at RPS2+ prime and RPS2+ sub-prime. At the end of 2010, HML’s special servicing team were servicing nearly 40,000 loans worth almost £5bn. Its primary servicing portfolio was made up of […]

The investment clock

While Trump blazes blond in the political foreground, it’s easy to overlook the economic background to the new political dimension of 2017. Political risk will be a feature of the year: the unpredictable and untested Trump administration has already created uncertainty, which is unlikely to diminish, especially if protectionist rhetoric starts to outweigh promises of […]


News and expert analysis straight to your inbox

Sign up