MORTGAGES


There are 362 articles for the MORTGAGES category

Mortgage advisers have seen a surge in enquiries from those aged over 55 looking for ways to help their children or grandchildren onto the property ladder, according to a new industry survey
Posted: 20/09/2019
The all-time lowest fixed interest rate for a lifetime mortgage has been launched in the UK by Responsible Lending
Posted: 20/09/2019
Habito has unveiled its first suite of company buy-to-let (BTL) mortgages, adding to the individual BTL mortgages that it launched two months ago
Posted: 18/09/2019
Mortgage lending has gone up across the majority of the sector, according to the new Mortgage Trends Update released by UK Finance
Posted: 17/09/2019
Sainsbury’s is in talks with financial advisers as it explores a sale of its mortgage book for £1.3bn
Posted: 16/09/2019
Vida Homeloans has unveiled a new education campaign called Every mortgage tells a story, that aims to assist brokers in identifying specialist customers
Posted: 16/09/2019
Foundation Home Loans has announced the launch of two new five-year buy-to-let (BTL) fixed-rate mortgages, as well as a series of rate cuts across other products in its range
Posted: 16/09/2019
The number of new agreements for second charge mortgages rose by nearly a quarter in July, according to the latest figures from the Finance & Leasing Association (FLA)
Posted: 13/09/2019
Specialist lender Together has today revealed record growth as its loan book reached a new high of £3.7bn
Posted: 13/09/2019
Paragon Banking Group has announced today that it will be appointing Richard Rowntree as its new managing director of mortgages, subject to regulatory approval
Posted: 12/09/2019
Borrowers who originally came through the intermediary channel but opt to conduct future mortgage business via execution-only channels have been branded ‘a missed opportunity’ for advisers
Posted: 11/09/2019
The proportion of mortgages advanced last quarter with a loan to value (LTV) ratio exceeding 90% was the highest in nearly 11 years, the latest official statistics have shown
Posted: 10/09/2019
The Money Group has rolled out a new enquiry to completion mortgage processing CRM platform for brokers across all of its brands
Posted: 10/09/2019
Interest only loans continued to attract strong attention from mortgage brokers and borrowers in August, according to the latest analysis released by criteria search specialist Knowledge Bank
Posted: 10/09/2019
Earl Shilton Building Society (esbs) has joined the SimplyBiz Mortgages panel
Posted: 09/09/2019
Smartr365 has announced the upcoming integration of Legal & General Mortgage Club’s digital mortgage criteria searching tool, SmartrCriteria
Posted: 09/09/2019
Specialist lender, Hodge, has launched the UK’s first ever RIO mortgage with a fixed rate for life
Posted: 09/09/2019
First-time buyers (FTBs) will continue to be the largest home buyer group in the UK over 2019, accounting for 36 per cent of residential property sales, data published by Zoopla revealed
Posted: 06/09/2019
House prices held steady in August, recording a 0.3 per cent monthly rise and a 0.1 per cent quarterly rise in the month, according to the latest Halifax House Price Index
Posted: 06/09/2019
An unfurnished, pet-friendly home with access to a garden is the most desirable rental property, according to research conducted by specialist Buy-to-Let (BTL) lender Landbay
Posted: 04/09/2019
Online financial advice service OpenMoney has appointed James Brocklebank as head of mortgage proposition, as the firm extends its offering to include mortgage advice
Posted: 03/09/2019
One in six people admitted they will definitely be over the age of 65 by the time they finish repaying their mortgage, while another 9 per cent said they have no idea when it will be paid off, research from Hargreaves Lansdown revealed
Posted: 02/09/2019
House prices in London could fall by up to 7% by the end of 2020 if the UK leaves the bloc without a deal on 31 October, according to research from accountancy firm KPMG
Posted: 02/09/2019
Mortgage approvals for house purchase increased in July to 67,300, the highest level since July 2017, latest figures published by the Bank of England (BoE) have shown
Posted: 30/08/2019
Just under a third (28 per cent) of families are saving to be able to help their children with the deposit on their first home, according to figures published by Foresters Friendly Society
Posted: 28/08/2019
Gross mortgage lending across the residential market in July 2019 was £26.1bn, 2.9% higher than the same month in 2018 and the highest since March 2016, latest statistics from UK Finance have revealed. In its latest Household Finance Update, UK Finance said there were 95,126 mortgages approved by the main high street banks in July 2019, the highest monthly total since July 2009 when the figure stood at 99,970. Mortgage approvals for home purchase were 16.4% higher, remortgage approvals were 19.4% and approvals for other secured borrowing were 12.7% higher than the same month a year earlier
Posted: 27/08/2019
Conveyancing cases have dropped to their lowest number for two years, according to latest figures
Posted: 22/08/2019
John Charcol has formed an equity release referral partnership with Key Partnerships
Posted: 22/08/2019
UK homeowners on a fixed rate repayment mortgage could save £5,895 and reduce their term by three years and two months by overpaying an extra £100 a month, new research has shown
Posted: 22/08/2019
Residential property transactions in July dropped 12.4% annually and 8.5% monthly, totalling 86,630, according to the latest figures from HM Revenue & Customs (HMRC)
Posted: 21/08/2019
Right to buy was amongst the most-searched-for residential lender criteria by brokers for the first time in July, according to Knowledge Bank’s monthly criteria tracker
Posted: 20/08/2019
There were 9,960 new first-time buyer (FTB) mortgages completed in London in Q2 2019, 1.2 per cent more than in the same quarter in 2018
Posted: 20/08/2019
The amount of prospective home buyers who meet the qualifying criteria for every mortgage deal on the market is as low as 3.5 per cent, according to analysis from Experian
Posted: 19/08/2019
Chancellor Sajid Javid stated he has no plans to transfer stamp duty from buyers to sellers, claiming in a tweet that it’s a motion he “wouldn’t support”
Posted: 19/08/2019
A third of all landlords intend to remortgage over the course of the next 12 months, with larger, portfolio landlords much more likely to do so within a limited company
Posted: 16/08/2019
The number of first-time buyer (FTB) and homemover mortgage completions dropped by 1.5 per cent and 3.6 per cent respectively in June, according to UK Finance’s latest Mortgage Trends data
Posted: 15/08/2019
Almost 80 per cent of brokers claimed some of their clients have expressed some dissatisfaction with the manual, paper-based mortgage process
Posted: 14/08/2019
Five brokers in Just Mortgages’ self-employed division will now be trading as commercial brokers thanks to a partnership with leading commercial broker Fiducia
Posted: 13/08/2019
A majority (52 per cent) of mortgage brokers claimed the specialist lending market will grow by at least £1bn over the next six months, according to Bluestone Mortgages Specialist Lending Tracker
Posted: 09/08/2019
Specialist lender Together has increased its maximum age to 85, meaning those aged up to 82 can take out a loan from the provider
Posted: 09/08/2019
The proportion of homeowner mortgages in arrears remained at “historically low levels” in Q2 2019, figures published by UK Finance revealed
Posted: 08/08/2019
Almost a third (30 per cent) of older homeowners are using equity release to repay unsecured debt while 20 per cent are using it to repay mortgages, analysis from Key revealed
Posted: 08/08/2019
Average house prices dipped once again in July, falling 0.2 per cent month-on-month to £236,120, after being recorded at £237,110 last month
Posted: 07/08/2019
Prime property prices in the capital recovered slightly in the second quarter of 2019, edging up 3.1 per cent when compared to prices at the end of 2018
Posted: 06/08/2019
A two-speed equity release market emerged in the second quarter of 2019 as sales of new drawdown mortgages increased, while take-up of new lump sum mortgages mirrored the volumes seen in Q1 2018, figures published today found
Posted: 31/07/2019
Vida Homeloans has announced the launch of a new range of Help-to-Buy (HTB) specialist mortgage products for first-time buyers, movers and remortgagers which includes an option specifically designed for HTB staircasing
Posted: 30/07/2019
The self-employed are selling “selling themselves short” when it comes to the prospect of homeownership, according to specialist lender Together
Posted: 29/07/2019
Demand from investors for bridging finance has gathered pace as Brexit uncertainty continued to mound alongside lending restrictions on banks, data from Bridging Trends revealed
Posted: 26/07/2019
Gross mortgage lending in June was down on May’s total and the figure from June 2018, according to the latest figures published by UK Finance
Posted: 24/07/2019
The Public Accounts Committee (PAC) has slammed the government for failing to sell enough public land for new houses to be built on, arguing it has prolonged “the nation’s housing crisis”
Posted: 24/07/2019
ME Group, the legal tech business, has asked MPs for help in encouraging regulatory bodies to speed up thousands of claims for mortgage mis-selling and mortgage overpayments
Posted: 22/07/2019
TMA Club has today announced its partnership with insurance provider, LV=, to offer its members access to the lender’s Lifetime Mortgage Lump Sum+ and Flexible Lifetime Mortgage products
Posted: 22/07/2019
Average equity release loans taken out by customers slipped in value by nearly £2,000 to £76,064 in the first half of 2019, when compared to H1 2018, suggesting that the market has stabilised in the face of economic and political uncertainty, according equity release adviser Key
Posted: 19/07/2019
Annual house price growth dipped from 1.5 per cent in April to 1.2 per cent in May, driven mainly by a slowdown in the south and east of England, according to data from the Office for National Statistics (ONS)
Posted: 17/06/2019
Key workers, such as nurses and teachers, are being priced out of London and the South East as private rents soar beyond average wages
Posted: 16/07/2019
The number of remortgages completed in May increased sharply compared to the same month last year, rising almost 20 per cent, while purchases dipped slightly, figures from UK Finance revealed
Posted: 16/07/2019
The length of mortgage term being taken out by first-time buyers (FTBs) and the loan to value (LTV) opted for have both significantly increased since the beginning of 2018, according to new research from HSBC
Posted: 15/07/2019
The price of property coming to market has fallen by 0.2 per cent (-£656) in July 2019, the first monthly fall recorded this year, according to data published by Rightmove
Posted: 15/07/2019
Sadiq Khan is on course to miss one of his main housing targets, according to critics, after recently published figures revealed that just over 300 homes have been built on land owned by Transport for London (TfL)
Posted: 11/07/2019
Britain’s housing market displayed tentative signs of recovery in June as interest among buyers rose for the first time since shortly after 2016’s Brexit referendum, according to the Royal Institution of Chartered Surveyors (RICS)
Posted: 11/07/2019
Searches for lenders accepting first-time landlords has been revealed as the most popular search for UK mortgage criteria, according to data from criteria specialist Knowledge Bank
Posted: 10/07/2019
Online mortgage broker Trussle is calling for a ‘Mortgage Switch Guarantee’ to make switching fairer for homeowners, after discussing the growing need for transparency and accessibility to mortgage switching with MPs
Posted: 10/07/2019
Knight Frank has become the first estate agent to offer later life lending advice, offered through its Knight Frank Finance arm to those over 55
Posted: 09/07/2019
Specialist buy-to-let (BTL) lender Landbay today announced it has received a further £1bn to bolster its mortgage lending
Posted: 08/07/2019
In the latest quarter (April to June), house prices increased by 2.4 per cent over the previous quarter, with property prices remaining stable despite mounting uncertainty surrounding the UK’s departing from the bloc
Posted: 05/07/2019
The number of second charge mortgage agreements written in May increased by 22 per cent when compared to May 2018, rising to 2,378, according to data published by the Finance & Leasing Association (FLA)
Posted: 05/07/2019
The government is at risk of missing its target to build 300,000 homes a year by the mid-2020s if it does not embrace modern methods of construction (MMC) and shrug off its reliance on traditional methods, according to the Housing, Communities and Local Government Committee. The report, published today, underlined that the UK has not built enough homes, leading to increased housing costs, and urged that the “ambitious target” to build 300,000 homes annually is not feasible due to constraints such as the shortages of skilled workers
Posted: 03/07/2019
Almost 40 per cent of landlords want the government to introduce a fast track housing tribunal if the Section 21 ‘no-fault’ eviction process is abolished, according to Paragon’s PRS Trends Report for Q2 2019
Posted: 03/07/2019
Since Prudential Regulation Authority (PRA) CEO Sam Woods warned that the Bank of England (BoE) is watching mortgage rates “like a hawk”, wholesale cuts to the average two-year fixed rate have dwindled and the average rate has started to instead increase, rising from 2.47 per cent in May to 2.5 per cent in July
Posted: 02/07/2019
UK house price growth remained subdued in June, with prices increasing by just 0.5 per cent when compared to June 2018, taking the average property price to £216,515, according to the latest Nationwide House Price Index published today
Posted: 02/07/2019
Homeowners could be offered better mortgage rates for improving the energy efficiency of their homes under plans rolled out by the government today
Posted: 01/07/2019
Net mortgage lending to households fell to £3.1bn in May, marking the smallest increase in mortgage lending in a month since April 2017, figures published by the Bank of England (BoE) revealed
Posted: 01/07/2019
Retired homeowners saw their property wealth increase by more than £1,000 over the last 12-months, despite current housing market uncertainty, analysis from equity release adviser Key revealed
Posted: 28/06/2019
Despite house prices in London falling, first-time buyers (FTBs) are still often paying more than homemovers to begin their climb on the housing ladder, analysis from Gatehouse Bank revealed
Posted: 27/06/2019
Mortgage lenders supported 84,900 first-time buyers (FTBs) get onto the housing ladder in the North of England in 2018, up 3 per cent when compared to the previous year and the highest level since 2006, figures published today revealed
Posted: 27/06/2019
Gross mortgage lending across the residential market was down 0.4 per cent in May 2019 when compared to the same month in 2018, falling to £21.9bn, according to the latest figures published by UK Finance
Posted: 26/06/2019
FCA chief executive Andrew Bailey has called for the full regulation of mortgage lending
Posted: 25/06/2019
Increasing the number of advisers in the later life sector and raising customer awareness are two of the major challenges needing to be addressed, Key Advice CEO Will Hale said
Posted: 25/06/2019
Almost a quarter (73%) of specialist lending intermediaries feel confident about the specialist mortgage market’s prospects over the next 12 months – up by 12% from the previous year
Posted: 25/06/2019
Barclays Mortgages has made improvements to its Family Springboard Mortgage, making it easier for first time buyers to get onto the property ladder
Posted: 24/06/2019
TMA Club has announced a new partnership with Eligible.ai, providing members of the club access to Eligible.ai’s automated customer retention tool - ‘Retain’
Posted: 24/06/2019
InterBay Commercial, part of specialist mortgage provider and retail savings group OneSavings Bank, was approached by Vantage Finance on behalf of a client seeking refinance of a block of flats and capital raising to repay existing development finance totalling just under £16m
Posted: 19/06/2019
Average house prices across the UK increased by 1.4 per cent in year to April 2019, down from 1.6% in March 2019, figures published in the Office for National Statistics (ONS) UK House Price Index: April 2019 revealed
Posted: 19/06/2019
The number of interest-only mortgages fell by 13.1 per cent to 1.23 million in 2018 when compared to 2017, UK Finance figures revealed
Posted: 19/06/2019
The ‘Bank of mum and dad’ (BoMaD) will lend £6.3bn in 2019, rising 10 per cent from £5.7bn in 2018, making the ‘lender’ the eleventh largest in the UK, research from Legal & General (L&G) and Cebr revealed
Posted: 18/06/2019
The asking price of newly-marketed property prices neared a record high in June, driven by a number of regions defying a market slowdown amid political uncertainty, data from Rightmove suggested
Posted: 17/06/2019
Since its launch in April 2013 up until December 2018, 211,000 loans with a value of £11.7bn had been lent to homeowners via the Help-to-Buy scheme, according to figures published by the National Audit Office (NAO). In its latest Help to Buy: Equity Loan scheme – progress review, the office revealed that between April 2013 and September 2018. 38 per cent of all new-build property sales have been supported by loans through the scheme, accounting for around 4 per cent of all house purchases during this period
Posted: 14/06/2019
There were 27,370 new first-time buyer (FTBs) mortgage completion in April 2019, 7.9 per cent more than in the same month in 2018, suggesting that prospective homeowners are displaying resilience despite uncertainty
Posted: 13/06/2019
Just under 40 per cent of self-employed borrowers are making “worrying lifestyle changes” and professional sacrifices in a bid to start the climb on the property ladder, new research from online mortgage broker Trussle revealed
Posted: 12/06/2019
The outstanding value of all residential mortgage loans was £1,451bn in the first quarter of 2019, 3.4 per cent higher than in the same period last year, despite Brexit uncertainties amounting
Posted: 11/06/2019
The Association of Consulting Actuaries is in favour of allowing younger pension savers the flexibility to access their pensions to use towards a deposit for a house, provided there are ‘sufficient safeguards’ it has said
Posted: 10/06/2019
Average house prices in the UK creeped up to £237,837 in May, representing an annual increase of 5.2 per cent, according to the latest Halifax House Price Index
Posted: 07/06/2019
Mortgage broker earnings were up 13 per cent between 2017 and 2018, rising to £1.31bn from £1.16bn, according to data collected the Financial Conduct Authority (FCA)
Posted: 06/06/2019
The difference between the average two-year and five-year fixed mortgage rate has shrunk by 0.06 per cent, from 0.42 per cent to 0.36 per cent since the beginning of the year, the lowest difference recorded in seven years. The average two-year fixed rate has fallen by 0.03 per cent from 2.52 per cent in January 2019 to 2.49 per cent this month, while the average five-year fixed rate decreased by 0.09 per cent from 2.94 per cent to 2.85 per cent over the same period
Posted: 04/06/2019
Indexes from both Mercer and PwC have revealed that the deficits of UK defined benefit pension schemes increased during May
Posted: 04/06/2019
First-time homebuyers should be allowed to access their pension savings to help them get on to the property ladder, Housing Minister, James Brokenshire has suggested
Posted: 04/06/2019
Half (47 per cent) of non-homeowning employees in the UK do not believe they will ever be able to afford to get on the property ladder, despite home ownership remaining an aspiration for 65 per cent of them
Posted: 03/06/2019
Average UK house prices fell 0.2 per cent in May, after growing by 0.3 per cent in April, after taking seasonal factors into account, Nationwide’s House Price Index revealed
Posted: 31/05/2019
UK challenger banks have failed to break the big five bank's stranglehold on the UK's household deposits market, despite offering savers much higher levels of interest when compared to their larger rivals
Posted: 30/05/2019
Deutsche Bank’s wealth management branch yesterday announced the launch of a service to offer regulated mortgages to private-banking clients in the UK
Posted: 30/05/2019
TMA Club is urging advisers to begin proactively consulting clients who are coming towards the end of their government equity loan as part of the Help-to-Buy (HTB) scheme
Posted: 29/03/2019
The number of mortgages approved by main high street banks in April 2019 was 5.4 per cent higher than in the same month in 2018, despite gross mortgage lending across the residential market falling 1.4 per cent to £20.3bn
Posted: 28/05/2019
In Q1 2019, £839.6m worth of equity was released, with 35 per cent of retired homeowners using this new-found wealth to clear credit card debts, while 28 per cent cleared their mortgage, data from equity release adviser Key revealed
Posted: 24/05/2019
Specialist lender Paragon reported a first-half profit increase due to surging commercial and residential mortgage lending volumes, despite political and economic uncertainty
Posted: 23/05/2019
House prices in London plummeted 1.9 per cent in the year to March, the largest annual fall in the country, while across the rest of the UK, property prices increased 1.4 per cent, Land Registry figures revealed
Posted: 23/05/2019
Kent Reliance for Intermediaries, part of specialist mortgage provider OneSavings Bank, has partnered with Mortgage Force to refinance a block of flats and raise capital to repay existing development finance totalling just under £13m
Posted: 22/05/2019
Following the government’s announcement last week that it will consult on legislation to abolish Section 21 eviction (no-fault evictions), Spicerhaart Corporate Sales managing director Mark Pilling has said it “could exacerbate the problem” already being felt in the private rented sector
Posted: 22/05/2019
Despite economic uncertainty during a time where house prices in the capital are stagnating, the number of first-time buyer (FTB) mortgage completions in the first quarter of 2019 was up 1.6 per cent on Q1 2018, reaching 9,410
Posted: 22/05/2019
Tesco Bank has announced its departure from the mortgage market, along with its intention to sell its existing £3.7bn portfolio, which could affect more than 23,000 customers
Posted: 21/05/2019
The year-on-year decline on London house prices continued despite the annual spring surge, with sales in inner London taking the biggest hit, according to data from Rightmove
Posted: 20/05/2019
The anticipated directory of mortgage brokers, which was first announced in last year’s Mortgage Market Study Interim Report, will take at least a further year to deliver, according to AMI chief executive Robert Sinclair, and is unlikely to include any complaints data
Posted: 17/05/2019
AMI chief executive Robert Sinclair has described the Financial Conduct Authority’s (FCA) consultation paper on mortgage advice and selling standards as “one of the most deceitful documents I’ve seen”
Posted: 17/05/2019
Challenger banks OneSavings Bank and Charter Court yesterday reported loan book growth ahead of their planned £1.6bn merger, with the terms confirmed in March, ahead of the UK’s planned departure from the European Union
Posted: 16/05/2019
There were 28,800 new first-time buyer (FTB) mortgages completed in March 2019, highlighting a 2.4 per cent decrease when compared to March 2018, and the first year-on-year decrease since September 2018
Posted: 16/05/2019
Nearly three quarters (71 per cent) of the UK’s self-employed population cited their employment status as a disadvantage when it comes to obtaining a mortgage, according to online mortgage broker Trussle. There are currently 4.85 million self-employed people in the UK, though this figure is expected to increase to 5.5 million by 2022, with the community potentially soon outnumbering the public-sector workforce
Posted: 15/05/2019
The Moving Hub yesterday launched its revolutionary conveyancing proposition into the mortgage intermediary sector with an exclusive promotion with Knowledge Bank
Posted: 14/05/2019
The average rent for a property in the UK increased by just under 1 per cent (0.96 per cent) in the year to April, as slow rents in London (0.66 per cent) continued to drag on otherwise resilient growth in the rest of the UK (1.11 per cent), according to the latest Landbay Rental Index
Posted: 13/05/2019
In March, the second charge mortgage market reported its highest level (31 per cent) of monthly new business volumes since October 2008, new data published by the Finance & Leasing Association (FLA) revealed
Posted: 10/05/2019
The winners of the second Mortgage Awards 2019 were announced last night at a glittering gala ceremony in London attended by over 250 people
Posted: 10/05/2019
In the first quarter of 2019, there were 76,580 homeowner mortgages in arrears of 2.5 per cent or more of the outstanding balance, 4 per cent fewer than in the same period last year, data from UK Finance revealed
Posted: 09/05/2019
The number of surveyors reporting a drop in the level of properties coming to market rather than a rise was at its highest since June 2016 last month, according to the Royal Institution of Chartered Surveyors (RICS)
Posted: 09/05/2019
Online mortgage broker Trussle has displayed its concern over the “shocking” number of ‘mortgage prisoners’, with 200,000 homeowners trapped in an expensive deal
Posted: 08/05/2019
Mortgage intermediaries introduced an average of 24.5 mortgages in the first quarter of 2019, up by 6 per cent from 23 mortgages in Q4 2018 and by 10 per cent when compared to the same period last year
Posted: 08/05/2019
Average UK house prices grew by 1.1 per cent in April after falling by 1.3 per cent in March, figures published in the latest Halifax House Price Index revealed
Posted: 08/05/2019
Almost three quarters (73 per cent) of over 50s would support “one stamp duty free move” for those looking to downsize, up from 70 per cent in 2017, data from Saga suggested
Posted: 07/05/2019
Almost half of mortgage customers (49%) now opt for an initial fixed period of five years or more
Posted: 02/05/2019
The FCA is seeking feedback on whether providers operating in the mortgage space are currently meeting changing consumer needs from different age groups
Posted: 02/05/2019
Annual house price growth in the UK remained “subdued” at just 0.9 per cent in April, when compared to the same month in 2018, according to the latest Halifax House Price Index
Posted: 01/05/2019
Following a weak February, mortgage activity picked up in March, with households borrowing an extra £4.1bn secured against property in the month, new figures revealed
Posted: 01/05/2019
Almost three quarters of Londoners between the ages of 18 and 34 still live with their parents, highlighting the property affordability crisis currently seen in the capital, new research has found
Posted: 01/05/2019
In the first quarter of 2019, £936m of housing wealth was unlocked by owners aged over 55, representing an 8 per cent year-on-year increase, according to the latest figures from the Equity Release Council (ERC)
Posted: 29/04/2019
Gross mortgage lending across the residential market in March 2019 was £20bn, 0.5 per cent lower than the same month in 2018, new data from UK Finance has revealed In its latest Household Finance Update, the association revealed that the number of mortgages approved by the main high street banks in March 2019 was 9.1 per cent higher than in the same month last year, despite gross lending being down
Posted: 26/04/2019
The House of Lords committee on intergenerational fairness has called on the government to reform stamp duty, among other things, in a wide-ranging report published today
Posted: 25/04/2019
The provisional seasonally adjusted count of residential property transactions totalled 101,830 in March 2019, 6.8 per cent more than in March 2018, latest figures revealed
Posted: 24/04/2019
Almost a quarter of female homeowners over the age of 55 have not contributed towards a private pension, compared to just 6 per cent of men, according to research from SunLife
Posted: 24/04/2019
In February 2019, there were 24,880 new first-time buyer (FTB) mortgages completed, 4.1% more when compared to February last year, highlighting that FTBs continue to take advantage of low interest rates amid political and economic uncertainty, data from UK Finance revealed
Posted: 18/04/2019
Average house prices in the UK increased by just 0.6 per cent in the year to February 2019, dropping significantly from the 1.7 per cent growth recorded in January, figures published today revealed
Posted: 17/04/2019
The cost of a first-time buyer (FTB) house has increased by almost £10,000, resulting in raised monthly and annual costs for FTBs taking out average mortgages, mortgage insurer AmTrust has found
Posted: 12/04/2019
House prices, as measured by the House Price Index, increased by 4.2 per cent in both the European Union (EU) and the euro area in the fourth quarter of 2018, when compared to the same quarter a year earlier, new figures revealed
Posted: 12/04/2019
Over a third of property investors want buy-to-let lenders to apply a manual underwriting process for professional landlords, as they struggle to obtain buy-to-let mortgages from larger high street lenders, MT Finance has revealed
Posted: 10/04/2019
Landlords across the UK have “scaled back” their buying intentions, reduced their reliance on mortgage debt and improved affordability by spending less of their rental income on mortgage payments, research conducted by Paragon has found
Posted: 09/04/2019
While the average time taken for a first-time buyer (FTB) to save a 15 per cent deposit has dropped by six months since Q4 2016, in Q4 2018 it still took more than 10 years, according to new data
Posted: 08/04/2019
In February this year, the second charge mortgage market reported its strongest rate of new business volumes growth since May 2017, increasing by 24% when compared to February 2018, figures published by the Finance & Leasing Association (FLA) revealed
Posted: 05/04/2019
House prices in the UK in the three months to March were 3.2% higher when compared to the same three months a year earlier, the latest Halifax House Price Index revealed
Posted: 05/04/2019
One in four Britons have predicted that the ownership era is coming to an end, with more than 40 per cent of adults believing they will never own their own home, research has found
Posted: 03/04/2019
In the second half of 2018, the number of equity release customers increased by 23 per cent year-on-year, taking the total number to 43,879, including 24,907 agreed new plans, the Equity Release Council (ERC) revealed. In its Spring 2019 Market Report, the ERC found that drawdown lifetime mortgages remained the most popular type of new plan, with 64 per cent of new customers opting for drawdown plans in H2 2018, just 36 per cent of new customers chose lump sum plans
Posted: 02/04/2019
Over the course of a decade, London mortgages have become increasingly less affordable, despite remaining below the 2007 peak when mortgage payments accounted for more than half (52.4%) of earnings, Halifax revealed
Posted: 01/04/2019
Around two-thirds of under-30s have claimed they would prefer to spend money on travelling, rather than saving for their first home, according to research from Hoxton Capital Management
Posted: 28/03/2019
Just a third of those over the age of 55 who are aware of equity release realised that they are able to release equity from their home, while having an outstanding mortgage, according to research from SunLife
Posted: 27/03/2019
In January 2019, there were 25,100 new first-time buyer mortgages completed, highlighting year-on-year (YOY) growth of 4.6% when compared to January 2018, figures published by UK Finance revealed
Posted: 26/03/2019
A third of homeowners, who have moved since 2016, claimed that the deciding factor was growing Brexit concerns, according to new research from online mortgage broker Trussle
Posted: 25/03/2019
Average house prices in the UK increased by 1.7% in the year to January 2019, down from 2.2% in December 2018, which, according to the Office for National Statistics (ONS), is the lowest annual rate since June 2013, when it was 1.5%
Posted: 20/03/2019
Due to a slowing property market, apartment prices across the UK have plummeted over the year, with some areas experiencing drops of more than 7%, presenting first-time buyers (FTBs) with an opportunity to get on the property ladder, new research from Gatehouse Bank has revealed
Posted: 19/03/2019
Rental price growth in East London over the last seven years has significantly outperformed West London, with renters in East London seeing twice the growth of their West London counterparts, new research has found
Posted: 18/03/2019
Property prices in London fell in March as Brexit uncertainty halted the annual spring bounce, and are down almost 4% year-on-year, while the number of sales agreed in February was also nearly 10% lower in the capital when compared to February last year, new data has found
Posted: 18/03/2019
Potential buyers’ interest in fixed-rate mortgage deals remained high in February, with 81 per cent of shoppers taking them into consideration, the latest figures from Experian revealed
Posted: 14/03/2019
House prices in the UK are set to decline this year after the Office for Budget Responsibility (OBR) slashed its forecast, while the Royal Institute of Chartered Surveyors’ (RICS) revealed that Brexit was stunting sales
Posted: 14/03/2019
The abolition of stamp-duty for first-time buyers (FTBs) has supported 240,000 people in getting on to the property ladder, with FTBs accounting for more than 50% of the property buying population for “the first time in a generation”, Chancellor Philip Hammond announced in today's Spring Statement
Posted: 13/03/2019
The typical UK homeowner is still paying off their mortgage in retirement, with retirees aged between 64 and 75 still owing an average of £11,400 on their mortgage, according to the latest TISA and KPMG Savings Index
Posted: 12/03/2019
The outstanding value of all residential mortgage loans was £1.44bn in the final quarter of 2018, illustrating growth of 3.3% when compared to Q4 2017, figures published by the Bank of England (BoE) revealed
Posted: 12/03/2019
Credit card and personal loan new business together fell in January by 3%, when compared to the same month in 2018, while retail store and online credit new business fell by 1%, figures published by the Finance and Leasing Association (FLA) revealed
Posted: 08/03/2019
Over a third of mortgage brokers (34%) claimed to have referred more than a quarter of their client base to a specialist lender in the past 12 months, research from Bluestone Mortgages revealed
Posted: 07/03/2019
A total 11,000 new first-time buyer mortgages were completed in London in the fourth quarter of 2018, 5.8% more than in the same quarter of 2017, according to latest figures published by UK Finance
Posted: 27/02/2019
Gross mortgage lending in the UK across the residential market in January 2019 was £21.6bn, some 1.5% lower than in the same month in 2018, figures from UK Finance revealed
Posted: 26/02/2019
Between the launch of the Help to Buy scheme on 1 April 2013 and 30 September 2018, over 195,000 properties have been purchased with an equity loan, with the total value of these equity loans amounting to £10.66bn and the value of properties sold under the scheme totalling £49.89bn, according to new data
Posted: 26/02/2019
Buyers and sellers in Britain’s housing market remained subdued in January, with stamp duty and Brexit uncertainty adding to the traditional new year slowdown, suggested data published by HM Revenue & Customs (HMRC) yesterday
Posted: 22/02/2019
Retired homeowners living without the burden of a mortgage saw their homes increase by nearly £1,000 a month over the past six months amid housing market uncertainty, according to analysis from independent equity release adviser Key
Posted: 22/02/2019
A majority (55 per cent) of homeowners over the age of 55 have stated that they cannot see themselves moving in their lifetime, according to a survey conducted by SunLife
Posted: 20/02/2019
There were 370,000 new first-time buyer mortgages completed in 2018, a figure that is 1.9% higher than that reported in 2017, and the highest reported number of first-time buyer mortgages since 2006 when there were 402,800, new data revealed
Posted: 19/02/2019
Confidence in the UK’s economy fell to its lowest level since January 2018, with 36% of the British population claiming to feel optimistic about the current economic climate, the latest Lloyds Bank Spending Power Report revealed
Posted: 18/02/2019
The number of homes repossessed in the UK last year fell to its lowest level since 1980, figures from UK Finance revealed
Posted: 14/02/2019
In the final quarter of 2018, there was 28 second charge mortgage repossessions carried out, down by 26.3 per cent when compared to the same period a year earlier
Posted: 14/02/2019
Mortgage advisers have predicted “virtually no growth” in business levels in the first quarter of 2019, revealed Paragon’s latest Financial Adviser and Confidence Tracking (FACT) index. This forecast places expected growth in mortgage transactions during the early part of 2019 at their lowest level since the onset of the global financial crisis in 2008
Posted: 14/02/2019
Average house prices in the UK increased by 2.5% in the year to December 2018, down from 2.7% in November 2017, and the lowest annual rate since July 2013 when it was 2.3%, the latest figures from the Office for National Statistics (ONS) has revealed
Posted: 13/02/2019
Consumer finance new business grew by 4% in December 2018, increasing to £7.9bn, when compared to the same month in 2017, and by 5% in the fourth quarter of 2018 as a whole, new research has found
Posted: 08/02/2019
The shortlist for The Mortgage Awards 2019 has been revealed
Posted: 07/02/2019
House prices in the three months to January were 0.8% higher than in the same three months a year earlier, dropping from the 1.3% annual growth rate recorded in December, new data has revealed
Posted: 07/02/2019
The parent company of Virgin Money, CYBG, posted a 1.5 per cent mortgage growth for the first quarter of its financial year, though has warned of uncertain market conditions ahead
Posted: 06/02/2019
A majority of UK property investors are set to expand their portfolios in 2019, remaining resilient despite a backdrop of political uncertainty and a squeeze on affordability, new research has found
Posted: 04/02/2019
Annual house price growth “almost ground to a complete halt” in January, with prices just 0.1% higher than in the same month last year, Nationwide’s most recent House Price Index revealed
Posted: 01/02/2019
Annual consumer credit growth slowed to 6.6% in December 2018, highlighting the continuation of “relatively weak flows”, according to the Bank of England’s (BoE) Money and Credit – December 2018
Posted: 30/01/2019
In the fourth and final quarter of 2018, £136 of housing wealth was unlocked every second between October and December, almost matching the weekly state pension allowance of £164, according to the year-end market figures from the Equity Release Council (ERC)
Posted: 24/01/2019
There were 36,200 new first-time buyer mortgages completed in November 2018, some 5.8% more than in the same month a year earlier, new figures from UK Finance revealed
Posted: 17/01/2019
Consumers are bracing themselves for a major financial crisis and housing crash this year, according to a new poll from wealth management firm Spearvest
Posted: 17/01/2019
Fresh fears for the future of London’s property market were introduced this morning, with a new survey from the Royal Institution of Chartered Surveyors (Rics) forecasting the lowest level of growth in the capital in two decades
Posted: 17/01/2019
Retired homeowners released £3.6bn in new property wealth last year, with the equity release market doubling in size in just three years, according to new data from equity release adviser Key
Posted: 16/01/2019
Property prices across a number of markets are going to fall this year as a result of the uncertainty surrounding Brexit and the US trade policy, estate agency Savills has predicted
Posted: 15/01/2019
Over half (52%) of brokers feel as though the specialist lending market will grow by at least £1bn over the next six months, according to a survey conducted by Bluestone Mortgages
Posted: 14/01/2019
The current political climate is acting as a primary deterrent for those in a strong financial position and ready to begin their climb on the property ladder, research from OneFamily has revealed
Posted: 10/01/2019
Household debt across the UK has reached a new peak, totalling £428bn, analysis from the Trades Union Congress (TUC) has revealed
Posted: 08/01/2019
House prices in the three months to December were 1.3% higher than in the same three months a year earlier, up from the 0.3% annual growth rate recorded in November, the latest Halifax House Price Index has revealed
Posted: 08/01/2019
First-time buyer mortgage approvals hit their highest level in more than ten years in 2018, revealed the latest data from UK Finance
Posted: 03/01/2018
As the debit card overtook cash as the UK’s most popular payment method in 2017, ex-financial ombudsman chief ombudsman Natalie Ceenie has warned that the UK is at risk of becoming a cashless society, having a detrimental effect on millions of people
Posted: 02/01/2019
Gross mortgage lending across the residential market in November 2018 was £23.1bn, falling by 2% when compared to the figure posted in November 2017, according to the latest data from UK Finance’s Household Finance Update – November 2018
Posted: 02/01/2019
The value of residential product transfer is set to hit £150bn by the end of this year, but an “advice gap” in the remortgage is still prevalent, conveyancing firm LMS has warned
Posted: 21/12/2018
On average, house prices fell by 0.2% in October when compared to September, despite growing by 2.7% on an annual basis, taking the average price of a property in the UK to £231,095, new research has found
Posted: 19/12/2018
Further fears in relation to the future of London’s property market have been highlighted, with the Royal Institution of Chartered Surveyors (Rics) today forecasting further price falls in the capital as Brexit concerns take their toll
Posted: 13/12/2018
Almost 2.5 million (12%) young adults have returned to live in their parents’ home with their partner in tow, with a quarter of those doing so to save for a house deposit, new research from Churchill Home Insurance has found
Posted: 12/12/2018
In October, there were 50,500 new homeowner remortgages completed, some 23.2% more than in the same month a year earlier, with the £9.2bn of remortgaging in the month marking year-on-year growth of 22.7%, new data has revealed
Posted: 12/12/2018
The share of new lending for buy-to-let (BTL) purposes declined to 12% in the third quarter of 2018, its lowest record level since Q4 2012, while the value of residential mortgage loans continued to increase, new data has revealed
Posted: 11/12/2018
Annual house price growth across the UK in the three months to November was 0.3% higher compared to the same three months a year earlier, the latest Halifax House Price Index has revealed
Posted: 07/12/2018
Young people whose parents have property wealth are now almost three times as likely to be homeowners by the age of 30, compared to those whose parents have no property wealth, according to a new report published by the Resolution Foundation
Posted: 04/12/2018
A leading think tank has called on the government to abolish stamp duty for pensioners in a bid to encourage downsizing and to free up homes for younger families
Posted: 03/12/2018
The Help to Buy scheme has seen a 15% year-on-year increase in its use in England, with 49,264 properties being purchased, while in London its use has risen by a staggering 34%, new data has revealed
Posted: 30/11/2018
The number of mortgages approved by the main high street banks in October dropped by 4.1%, when compared to the number of approvals on October last year, according to UK Finance’s Household Finance Update – October 2018
Posted: 26/11/2018
There were 11,700 new first-time buyer mortgages completed in London during the third quarter of 2018, illustrating a 2.6% increase on the same period las year, figures from UK Finance have revealed
Posted: 21/11/2018
Just under two thirds (61%) of millennials feel like they overspend on entertainment, such as on nights out and trips to the cinema, with a further 34% believing they spend too much on eating out, a study has revealed
Posted: 20/11/2018
The number of money-back mortgages available to consumers has plummeted by a staggering 82% in the last six months, according to a study conducted by CashbackRemortgages.co.uk
Posted: 14/11/2018
Throughout September, there were 29,400 new homemover mortgages completed, approximately 8.4% lower when compared to September 2017, revealed the latest Mortgage Trends Update from UK Finance
Posted: 13/11/2018
Consumer finance new business dropped by 1% in September when compared to the same month last year, according to data published by the Finance & Leasing Association (FLA) today
Posted: 08/11/2018
The proportion of British adults claiming they want to move from renting to buying their next home has more than doubled over the course of 2018, increasing from 24% to 58%, new data has revealed
Posted: 08/11/2018
House prices in the three months to October were 1.5% higher when compared to the same three months in 2017, slowing from the 2.5% annual growth recorded in September, and recording the slowest rate of growth since March 2013, new data revealed
Posted: 07/11/2018
Retired homeowners are increasing their finances by an average of £76,967 as the equity release market continues to break records, according to new data from the UK’s leading independent equity release adviser Key
Posted: 07/11/2018
Since 1997, house prices have rocketed by 173% while those aged between 25 and 34 have only seen real incomes increase by 19%, stated Financial Conduct Authority (FCA) executive director of strategy and competition Chris Woolard
Posted: 06/11/2018
UK homeowners should be handed back £181m of easy remortgage commissions that have been earned over the past year, as brokers are not doing “anywhere near enough” to earn them, according to CashbackRemortgages.co.uk founder Suchit Sethi
Posted: 02/11/2018
House prices grew at their slowest annual rate since May 2013 in October, according to Nationwide’s latest House Price Index
Posted: 02/11/2018
Specialist bank Aldermore has today reduced the rate on its two-year fixed 95% LTV mortgage product, with the change coming into effect immediately
Posted: 01/11/2018
Prime Central London house price growth could soar by 15% over the next five years if Britain signs a trade deal with the European Union (EU), according to a new report
Posted: 01/11/2018
During yesterday’s Budget, Chancellor Philip Hammond announced that the cancellation of stamp duty for first-time buyers will be extended to first-time buyers of shared ownership properties valued at up to £500,000, which has been labelled as “only right” by Trussle CEO and founder Ishaan Malhi
Posted: 30/10/2018
As Chancellor Philip Hammond prepares to deliver his Budget this afternoon, 34% of prospective first-time buyers have argued that they want the government to introduce policies to reduce the number of empty homes across the UK
Posted: 29/10/2018
Ahead of the autumn budget, equity release lender more 2 life has revealed its ‘wish list’, calling on Chancellor Philip Hammond to provide greater support to the retirement lending sector
Posted: 26/10/2018
Nearly one third of UK adults do not think they would be eligible to borrow any money in the form of a mortgage, research from comparethemarket.com has revealed
Posted: 25/10/2018
The power tenants hold is growing across the UK, with 66% of landlords renting at below the market rate prepared to accept a reduction of up to £100 a month on the market value to secure reliable renters
Posted: 25/10/2018
Gross mortgage lending across the residential market in September was £21.5bn, approximately 1.2% lower than the figure posted a year earlier, according to the latest statistics from UK Finance
Posted: 24/10/2018
Millennials, aged between 18 and 34, are having to make sacrifices that were previously unheard of in previous generations to get onto the property ladder, according to a new study conducted by online mortgage broker Trussle
Posted: 24/10/2018
The proportion of landlords looking to remortgage is now at an all-time high, with them accounting for 57% of all buy-to-let (B2L) business in the third quarter of 2018, new research has revealed
Posted: 23/10/2018
Workers in Central London can save an average of £483,342 by commuting up to an hour each day, according to new research from Lloyds Bank
Posted: 22/10/2018
A record breaking £1.02bn in equity was released between July and September, equivalent to £11m of property wealth unlocked each day, revealed the Equity Release Council’s (ERC) latest quarterly lending figures
Posted: 19/10/2018
Average house prices in the UK have increased by 3.2% in the year to August 2018 and, despite being down from 3.4% in July 2018, have remained broadly stable at a national level since April 2018, new data has revealed
Posted: 17/10/2018
There were 35,500 new first-time buyer (FTB) mortgages completed in August, approximately 2% more than the same month a year earlier, representing £6.1bn of new lending, a 5.2% increase year-on-year, according to the latest figures from UK Finance
Posted: 16/10/2018
A staggering 58% of first-time buyers claimed that their parents bought their first home at a younger age than them, according to a recent study conducted by Larkfleet Homes and First Time Buyer Magazine
Posted: 15/10/2018
Property price growth in the capital will be put “on pause for the next two years” until Brexit negotiations are fully completed, according to a Savills analysis that was recently released
Posted: 12/10/2018
Over half of renters (51%) had only been shown their tenancy agreement after they had put down money on the property, revealed Citizens Advice
Posted: 11/10/2018
With the number of house buyers on the decline, piling further pressure on London’s already strained property market, the Royal Institution of Chartered Surveyors (RICS) said there was “caution” as Bank of England (BoE) governor Mark Carney warned of a potential 35% drop in prices in the event of a no-deal Brexit
Posted: 11/10/2018
House prices in the latest quarter were 1.8% higher than in the preceding three months, marking the third consecutive rise on this measure, revealed the latest House Price Index published by Halifax
Posted: 05/10/2018
Over a third of millennials have claimed they prioritise saving for a deposit on a home instead of their retirement, with a fifth of them stating that buying a property is the main reason they do not save more into their pension, according to new research from Prudential
Posted: 04/10/2018
House prices across the UK increased by 0.3% in September compared to August, taking the average property price to £214,922 as oppose to £214,745 the previous month, according the Nationwide’s most recent House Price Index
Posted: 02/10/2018
Gross mortgage lending for the total market in August was £24.1bn, some 1.2 per cent lower than a year earlier
Posted: 26/09/2018
Vida Homeloans has made improvements to its new build proposition and introduced a speedier remortgage process by allowing conveyancers to use its no search indemnity insurance
Posted: 25/09/2018
Average house prices in the UK have increased by 3.1% in the year to July 2018, slightly down from 3.2% in June 2018, and marking the lowest UK annual rate since August 2013 when it was 3%,the UK House Price Index published by the Office for National Statistics (ONS) has revealed
Posted: 19/09/2018
The London housing market has demonstrated signs of recovery, with figures at the top end of the market increasing by 6% year-on-year
Posted: 17/09/2018
Homeowners who lapse onto their lender’s Standard Variable Rate (SVR) are being stung with over £2,500 a year in extra interest, according to analysis from online mortgage broker Trussle
Posted: 12/09/2018
The residential remortgaging market has seen its strongest July in a decade, according to UK Finance's Mortgage Trends Updatee for July
Posted: 12/09/2018
The outstanding value of all residential loans has continued to grow in the second half of 2018, rising to £1,417.2bn, illustrating a 3.8% growth compared to Q2 2017, according to the Bank of England’s Mortgage Lenders and Administrators Statistics: 2018 Q2
Posted: 11/09/2018
House prices in the UK in the three months to August increased by 3.7%, compared to the same period a year earlier, according to Halifax’s recently published House Price Index for August 2018
Posted: 07/09/2018
The average rental price in the UK has risen by 0.13%, the highest monthly increase since April 2016, according to the Landbay Rental Index
Posted: 06/09/2018
Retired homeowners have gained £45.7bn in property wealth in the past year, despite housing market worries, according to analysis from independent equity release adviser Key
Posted: 06/09/2018
Around 55 per cent of people not saving into a pension blame low income, lack of work or still being in education, an increase of 17 per cent from 38 per cent in 2010-12
Posted: 05/09/2018
Gross mortgage lending for the total market in July was £24.6bn, some 7.6 per cent higher than a year earlier
Posted: 24/08/2018
Lloyds Bank is refunding one standard monthly mortgage payment up to £1,000 to customers who remortgage from another lender
Posted: 20/08/2018
On average, over 55s have £283,206 worth of equity in their homes, according to the latest data from SunLife
Posted: 17/08/2018
In a bid to enhance its support for first-time buyers, M&S Bank has extended its maximum loan to value (LTV) to 95% on three new products, a two and five-year fixed rate mortgage and two-year tracker mortgage
Posted: 17/08/2018
Since the launch of the Help to Buy (HTB) ISA, 146,753 property completions have been supported by the scheme, according to the latest figures from HM Treasury’s Help to Buy: ISA scheme Quarterly Statistics
Posted: 16/08/2018
Over half (52%) of landlords are positive about being a landlord in the current economic and political climate, while just 16% were concerned and felt worried, according to recent research from Your Move
Posted: 15/08/2018
Throughout June, there were 34,900 new first-time buyer mortgages completed, 3.6% lower than the figure reported in June 2017, equating to £5.8bn of new lending and representing a decrease of 1.7% year-on-year, according to UK Finance’s Mortgage Trends Update for June 2018
Posted: 14/08/2018
The number of British adults planning to move home in 2018, which was previously consistent at 8%, has dropped to 6% in the 48 hours following the BoE’s announcement to increase its base rate, according to new research from AA Financial Services
Posted: 13/08/2018
First-time buyers have seen a 21% hike in property prices over the last decade, with the average price rocketing from £172,659 in 2008 to £208,741 now, according to the latest First-Time Buyer Review from Halifax
Posted: 13/08/2018
Rental prices could rise by 15% by 2023 as the supply of new rental properties slows down, according to a recent survey by the Royal Institution of Chartered Surveyors (RICS)
Posted: 10/08/2018
The shortlist for the MoneyAge Awards 2018 has been revealed
Posted: 10/08/2018
In the second quarter of 2018, there were 76,740 homeowner mortgages in arrears of 2.5% or more of the outstanding balance, 8% lower than the figures reported in the second quarter of 2017, according to the most recent statistics from UK Finance
Posted: 09/08/2018
More properties are being taken off the market than are being sold for the first time in two years, new research from Reapit and Dataloft has revealed
Posted: 08/08/2018
Paragon revealed that nine out of ten mortgage intermediaries keep a record of customer maturity dates, which allows them to proactively contact their customers to discuss remortgaging options at an appropriate time
Posted: 07/08/2018
House prices in the three months leading to July increased by 3.3% compared to the same period a year earlier, with the average house price rising and hitting a new record of £230,280, according to the most recent Halifax House Price Index
Posted: 07/08/2018
Rental prices in the UK, excluding London, increased by 1.18% in the 12 months to July 2018, representing the slowest annual rental increase in five years, according to the figures from Ladbay’s most recent Rental Index
Posted: 02/08/2018
Howeowners taking out a mortgage with one of the UK’s big six lenders could be paying almost £900 more by choosing the lowest rate deal, revealed online mortgage broker Trussle
Posted: 01/08/2018
According to Nationwide’s most recent House Price Index published this morning, annual house price growth rose 2.5% in July, up from the 2% figure reported last month
Posted: 01/08/2018
Greater London has experienced a sharper rise in asking rent prices than anywhere else in the UK for the first time in over three years, according to new statistics from Rightmove
Posted: 26/07/2018
More than half (55%) of homeowners aged 55 were unaware that the cash lump sum they would receive from releasing equity in their home is tax free, according to a recent survey conducted by SunLife
Posted: 25/07/2018
Estimated gross mortgage lending for the total market in June is £23.5bn, 2.1% higher than the figure recorded last year, according to the latest UK Finance Household Finance Update – June 2018
Posted: 25/07/2018
Legal & General Mortgage Club director Kevin Roberts said “overall housing transaction figures are stagnant”, following the publication of data from HM Revenue and Customs (HMRC) which revealed that property transactions decreased by 3% between May and June, falling to 96,370
Posted: 24/07/2018
Homemovers accounted for approximately 49% of the housing market in the first six months of 2018, a considerable drop compared to 2011 when they accounted for 62% of the market, and below first-time buyers for the first time since 1995, according to the latest Lloyds Bank Homeowner Review
Posted: 20/07/2018
Lloyds lost market share in UK mortgages last year as Royal Bank of Scotland (RBS), HSBC and other challenger banks gained, according to the figures published by UK Finance yesterday
Posted: 19/07/2018
Average house prices in the UK have increased by 3% in the year to May 2018, a decrease from the 3.5% figure reported in April, the lowest annual rate experienced since August 2013, according to the latest statistics from the Office for National Statistics (ONS) published in its UK House Price Index: May 2018
Posted: 18/07/2018
London house prices are set to drop as much as two per cent this year, according to a report from PwC which suggested fresh evidence of a slump in the capital’s property market
Posted: 13/07/2018
In May, there were 32,200 new first-time buyer mortgages completed, representing an 8.1% increase compared to the same month a year earlier, according to the latest figures from UK Finance’s Mortgage Trends Update
Posted: 12/07/2018
Retired homeowners released £1.71bn of property wealth in the first six months of the year, as the equity release market continued its record-breaking expansion, according to the latest data from Key Retirement’s H1 2018 Equity Release Market Monitor
Posted: 11/07/2018
The Bank of England (BoE) should prevent house prices from rising by imposing mortgage restrictions on buyers in the UK, according to a new report from think tank The Institute for Public Policy Research (IPPR)
Posted: 11/07/2018
Only 28% of 18-24 year olds know what shared ownership is and how it works, with only 19% of property buyers in the last ten years using a government buying scheme to secure their property, with a smaller 6% having used the shared ownership scheme, according to research from TotallyMoney
Posted: 10/07/2018
House prices in the UK in the three months to June 2018 were 1.8% higher than in the same period a year earlier, proving to be marginally lower than the 1.9% annual growth reported last month, according the latest Halifax House Price Index
Posted: 06/07/2018
Rental costs in London rose by 0.10% in the 12 months to June 2018, the first annual rental increase in the capital for 18 months, according to the data from the Landbay Rental Index
Posted: 05/07/2018
Despite homeowners being able to potentially save almost £300 per month by switching mortgage providers, 58% of them are put off by the jargon-filled contracts, revealed data from Habito
Posted: 29/06/2018
Mortgage advisers who offer clients access to retirement interest-only (RIO) mortgages but do not have an equity release ‘outlet’ could be creating potential problems in the future, said Hodge Lifetime national account manager James Young
Posted: 28/06/2018
UK annual house price growth softened to 2% in June, after reaching an annual growth rate of 2.4% in May, according the latest figures from the Nationwide House Price Index
Posted: 27/06/2018
Estimated gross mortgage lending for the total market in May was £22.2bn, 8.8% higher than the figures reported in May 2017, according to the latest statistics from UK Finance
Posted: 26/06/2018
Vida Homeloans is the first specialist mortgage lender to join the Joint Borrower Sole Proprietor (JBSP) market sector, launching its Helping Hand product to assist parents in getting their children onto the housing ladder without being on the title deeds and jointly owning the property
Posted: 26/06/2018
The average death in service benefit would leave Brits an average £67,678 shortfall on their mortgage
Posted: 21/06/2018
Kent Reliance launches income backed BTL for limited companies and individual lending
Posted: 15/06/2018
West One Secure Loans is now able to offer residential second charge mortgage products to borrowers whose main residence is located in mainland Scotland, the lender has announced
Posted: 15/06/2018
Knowledge Bank has announced the launch of its new monthly criteria activity tracker to keep brokers and lenders up to date with criteria movements in the mortgage and loan sectors
Posted: 15/06/2018
There was strong growth in remortgaging in April 2018, with new homeowner mortgages up 36% and buy-to-let remortgages up 32.4% compared to the same month a year earlier according to UK Finance’s latest Mortgage Trends Update
Posted: 14/06/2018
Foundation Home Loans has increased its borrowing limits and reduced rates across its buy-to-let range, including products for limited companies and individuals with prior landlord experience financing a HMO
Posted: 14/06/2018
Average house prices in the UK have increased by 3.9% in the year to April 2018, a decrease on the 4.2% figure released in March 2018, according to the latest UK House Price Index published by HM Land Registry and Office for National Statistics
Posted: 13/06/2018
The UK mortgage market “boasted” substantial growth between April and May, with first-time buyers among the main beneficiaries, according to the latest Mortgage Monitor from e.surv
Posted: 13/06/2018
London house prices are expected to fall this year as Brexit hampers demand, according to a Reuters poll of housing market specialists
Posted: 07/06/2018
Rental growth in England, not including London, dropped to 1.18% in the year to May 2018, representing the smallest annual increase in five years, according the latest figures from the Landbay Rental Index
Posted: 07/06/2018
UK house prices are currently 106 times higher than they were when England won the World Cup in 1966, growing three times faster than wages, according to research from mortgage broker, Trussle
Posted: 06/06/2018
Just Group has developed a unique lifetime mortgage product enabling Saga customers to receive a monthly payment
Posted: 06/06/2018
Net lending for consumer credit was £1.8bn in April, a tremendous increase compared to the £0.4bn reported in March, according to the Bank of England’s (BoE) Money and Credit: April 2018 report
Posted: 31/05/2018
UK annual house price growth slowed “modestly” in May to 2.4%, from 2.6% in April, according to the Nationwide House Price Index
Posted: 31/05/2018
The number of landlords remortgaging is running close to record levels, according to Paragon’s latest Financial Adviser Confidence Tracking (FACT) Index
Posted: 30/05/2018
British expats acquiring buy-to-let (B2L) property in the UK are typically squandering £40,000 on unnecessary transaction costs, exchange and loan rates in the first five years, according to research from Thistle Finance and Mercury FX
Posted: 30/05/2018
London homebuyers receive more help from their parents to buy a home than in any other region, with residents of the capital also having the highest parental contributions – almost £31,000 per transaction on average
Posted: 29/05/2018
A new report has found that those who privately rent before and during retirement will need to accrue a pension pot of around £450,000 to live comfortably, whereas mortgage-free homeowners are estimated to need £250,000
Posted: 24/05/2018
The average house price in England in the year to March 2018 grew by 4%, up from 3.9% in the year to February 2018, according to the latest UK House Price Index published by HM Land Registry
Posted: 23/05/2018
The estimated, seasonally adjusted number of residential property transactions increased by 3.5% between March 2018 and April 2018, but this figure is 2.7% lower than that reported during the same period in 2017, revealed HMRC’s UK Property Transactions Count – April 2018
Posted: 22/05/2018
Although London has experienced a recent slowdown in the rise of its property prices, the average amount a first-time buyer in the capital will have to pay has now increased to over £400,000, double that paid by first-time buyers across the rest of the UK, according to research from Lloyds Bank
Posted: 21/05/2018
House prices in London and the South East have continued to slump, despite hitting a record high across the UK as a whole, data published by Rightmove has revealed
Posted: 21/05/2018
UK Finance’s Mortgage Trends Update for March 2018 revealed a slight increase in the lending to first-time buyers compared to a year earlier, while the remortgaging market slowed down
Posted: 16/05/2018
Although property prices in London are falling, a lack of housing is driving rental prices up by 5% a year, according to data from Haart
Posted: 15/05/2018
Vida Homeloans has widened its B2L expat criteria and now lends to existing UK property owners working in FATF member countries around the world, including Australia, America and Canada, the lender has announced
Posted: 14/05/2018
Vida Homeloans is to roll out distribution of its second charge mortgage range, offering a range of Residential and Buy to Let (BTL) second charge mortgages through master brokers; Loans Warehouse, CSC Loans, Positive Lending, Brightstar, Specialist Finance, Complete FS, Loan.co.uk and Promise Solutions
Posted: 11/05/2018
More than four-fifths (81%) of UK homeowners who bought a property in the last 12 months would use a mortgage broker if they were securing their mortgage again, according to the latest figures from Legal & General’s Mortgage Myths campaign.
Posted: 11/05/2018
The winners of the inaugural Mortgage Awards 2018 were announced last night at a glittering gala ceremony in London attended by over 200 people
Posted: 11/05/2018
There were 78,800 homeowner mortgages in arrears of 2.5% or more of the outstanding balance in the first quarter of 2018, representing an 8% drop compared to the same period in 2017 and the lowest level since records began in 1994, according to UK Finance’s latest Mortgage Arrears and Possessions Update
Posted: 10/05/2018
London’s housing market has experienced its worst month in nearly a decade, with surveyors expecting prices to drop even further over the next year
Posted: 10/05/2018
House prices in the last three months to April were 2.2% higher than in the same three months in 2017, according to the Halifax House Price index, a decline from the 2.7% annual growth recorded in March
Posted: 08/05/2018
The average rental costs for a property in England has risen in the year to April by 0.64%, bringing the monthly average price to £1,232 per month, despite rental costs in London falling by 0.27%, according to the latest Landbay Rental Index
Posted: 03/05/2018
Last time buyers now own £938bn of UK housing stock and will reach the £1trn mark before the end of this year, according to new research published by Legal & General
Posted: 30/04/2018
Belmont Green Finance has announced that it has completed a £308m UK mortgage-backed securitisation led by NatWest markets and Macquarie Bank and co-managed by Barclays
Posted: 30/04/2018
The bridging loan product has continued to grow in popularity since 2011, when the market was valued at £750m in the UK. Today, however, it is roughly estimated to be at £5bn, according to the Association of Short Term Lenders, representing a huge increase in the demand for short-term lending as many homeowners, first-time buyers and buy-to-let landlords take advantage of low interest rates
Posted: 27/04/2018
Gross mortgage lending in March is estimated to have been £20.5bn, 2.3% lower than the figure reported in March 2017, according to UK Finance’s update on lending for March 2018
Posted: 26/04/2018
More than 80,000 people have had their mortgage help stopped according to the first official figures released since changes were made to the Support for Mortgage Interest (SMI) scheme
Posted: 25/04/2018
Following Vida’s successful entry into the first charge mortgage market, with 8,000 intermediaries now registered to do business and over £400m in mortgage completions in its first year of trading, the lender has moved its HQ to larger premises in Staines-upon-Thames
Posted: 24/04/2018
Homeowners aged 55+ released £870m from the value of their homes between January and March 2018; an increase of 120% from the £394m seen in Q1 2016, according to the latest quarterly lending figures from the Equity Release Council (the council)
Posted: 18/04/2018
There are many options for millennials when it comes to getting on the property ladder, claiming that “an outdated view of mortgages and the property ladder persists amongst some audiences", Leeds Building Society has said
Posted: 18/04/2018
Total homeowner house purchases, including first-time buyers and home movers, reached 50,000 in February, the highest levels recorded in February since 2007, according to UK Finance’s latest mortgage trends update
Posted: 17/04/2018
The UK’s bridging sector ended in a strong position in 2017 with a particularly powerful performance in Q4, yielding a new high of £5bn, according to West One’s Bridging Index
Posted: 16/04/2018
Halifax research has revealed that today, 16 April, homeowners have earned on average a sufficient amount to cover their mortgage payments for the rest of 2018, based on the average annual mortgage repayment cost of £8,039 and an average annual income of £27,724
Posted: 16/04/2018
London’s housing crisis has continued as buyer demand falls for the 11th consecutive month, according to a new UK residential survey by the Royal Institution for Chartered Surveyors (Rics)
Posted: 12/04/2018
Greater London was the largest contributor towards stamp duty tax takes, at around 39%, with over £600m coming from two boroughs; Kensington and Chelsea and the City of Westminster
Posted: 09/04/2018
The second charge sector reached £1.02bn in 2017, the highest levels seen since the financial crash and a 9% growth over 2016. The market also experienced seven consecutive months of increased annualised lending, according to Enterprise Finance’s Second Charge Report
Posted: 06/04/2018
Rental payments across the UK accounted for 52% of the average disposable income of £1,471 for those living outside of London, with the average monthly rental payment coming in at £761 outside of the capital
Posted: 05/04/2018
More than half of brokers (52%) said that they have used specialist lenders more frequently since the PRA’s new guidelines for portfolio landlords came into effect in October, according to new research from Kent Reliance
Posted: 03/04/2018
Vida Homeloans has widened its B2L Expat criteria for a limited number of distributors to accommodate existing UK property owners working in FATF member countries across the globe, whilst its ‘EEA only’ B2L Expat product continues to be available to the entire market
Posted: 03/04/2018
Gross mortgage lending is forecast to continue growing in 2018, the eighth consecutive year in a row, to reach its highest level since 2007, with falling inflation to support the growth despite the uncertainty surrounding Brexit, according to the Intermediary Mortgage Lenders Association’s (IMLA) forecast, The New Normal: Prospects For 2018
Posted: 29/03/2018
Oliver Wade looks at how a rising base rate could affect the UK mortgage market
Posted: 28/03/2018
Only 35% of working consumers believe that they have seen an increase in their household income over the past 12 months, according to the latest Lloyds Bank Spending Power Report
Posted: 27/03/2018
Gross mortgage lending in February was estimated to have been £19bn, 4.9% more than the previous year but below the monthly average of £21.4bn seen throughout 2017, according to the figures published in the Lending Update by UK Finance
Posted: 26/03/2018
In 2016/17, 28% of people owned their own home, with a mortgage, compared to 37% in 2006/07.
Posted: 23/03/2018
Second charge mortgage new business volumes increased by 13 per cent in January 2018 compared to the same period the year before, resulting in a value growth of 8 per cent, equating to £76m and 1,645 new deals, according to the Finance & Leasing Association (FLA)
Posted: 21/03/2018
Housing prices in the UK have grown by 4.9% since January 2017, according to the UK housing pricing index (HPI), with Scotland and the East Midlands seeing the largest growth at 7.3%
Posted: 20/03/2018
Due to stamp duty increasing by 3% on buy-to-let (B2L) investments, 69 per cent of landlords have been “put off” investing in further rental property, according to the Residential Landlords Association, despite rented homes becoming the “norm” in the UK
Posted: 20/03/2018
February 2018 saw mortgage approvals fall by 1.25% compared to the previous month and 2.6% lower than in February 2017, according to e.surv’s latest mortgage monitor
Posted: 19/03/2018
Mortgages in the UK have reached their most affordable level in a decade, according to new research from Halifax, despite house prices rising by 3% in the past year
Posted: 19/03/2018
Recent figures published in a report on the same day as the Spring Statement reveal “catastrophically low” numbers have opted into a scheme to prevent their support for mortgage interest (SMI) benefit being cut off in April
Posted: 16/03/2018
A demand for specialist residential mortgages is being “driven by a diverse set of customer needs”, primarily from those that are self-employed, according to Paragon’s Q4 2017 FACT index report, involving 198 mortgage intermediaries
Posted: 15/03/2018
The number of remortgages in January 2018 reached a nine-year high while the number of first-time buyers and home movers both increased compared to the same period in the previous year, UK Finance’s latest mortgage trends update has revealed
Posted: 14/03/2018
Vida Homeloans has launched a new ‘Vida Premier’ range, covering both residential and buy to let mortgages, with rates starting from 2.79% for specialist residential businesses and an LTV of up to 70%, and 2.89% for specialist buy to let businesses, also with a 70% LTV
Posted: 13/03/2018
Thousands of people who took advantage of the government’s Help to Buy mortgage scheme could be facing expensive fees on their existing loans, as they near the end of their five-year interest free period
Posted: 07/03/2018
The preference for longer-term mortgage products has overtaken two-year deals for the first time in five years, with 48% of mortgage customers choosing a term of five years or more during Q4 2017, compared to 41% in Q3 2017, according to Paragon’s FACT (Financial Adviser Confidence Tracking) index report
Posted: 07/03/2018
House prices in the last three months to February were 1.8% higher than in the same three months a year earlier, slowing from the 2.2% annual growth recorded in January, according to the latest Halifax House Price Index
Posted: 07/03/2018
Vida Homeloans has introduced a new maximum LTV of 90% for first time buyers on its specialist residential range, along with a 100% discounted purchase price for right to buy and a new maximum loan amount of £1.5m
Posted: 07/03/2018
Two thirds (68%) of new mortgages approved in 2017 were with the Big Six lenders, amounting to just over 1 million in total, according to research from online mortgage broker, Trussle
Posted: 05/03/2018
Over 39% of ‘second-time buyers’ (second steppers) are concerned about interest rates increasing and 35% believe that it will be more difficult to sell their home this year, according to Lloyds Bank, which has recently launched their Second Stepper report
Posted: 05/03/2018
Mortgage approvals for both property purchasing and remortgaging increased in January by 9.3% and 5.4% respectively, figures released by the Bank of England (BoE) revealed today
Posted: 01/03/2018
Annual house price growth has slowed to 2.2% and prices are falling 0.3% month-on-month, according to Nationwide’s most recent house price index (HPI) for February 2018
Posted: 01/03/2018
Annual revenues from unarranged overdrafts among five of the largest providers were around 200 per cent of the average amount outstanding, according to FCA chief executive Andrew Bailey
Posted: 28/02/2018
A 1% interest rate rise would add £10bn to the UK’s mortgage bill, ultimately adding £930 a year to the cost of servicing the average mortgage, according to new analysis from international property adviser, Savills
Posted: 27/02/2018
NatWest is testing an artificial intelligence-powered "digital human" to help customers with basic banking questions, raising the possibility of further job cuts at the state-controlled bank
Posted: 22/02/2018
London’s mortgage market remains competitive, with strong growth in the number of home movers and remortgaging reaching an eight-year high, according to UK Finance
Posted: 21/02/2018
InterBay Commercial, part of specialist lending group OneSavings Bank, has decided to extend its residential investment and commercial bridging finance proposition to its entire broker panel, allowing a much wider market to take advantage of their offer, following a successful trial in 2017
Posted: 22/02/2018
Brilliant Solutions, the specialist provider of solutions for mortgage intermediaries, has add-ed Masthaven to its panel of lenders
Posted: 23/02/2018

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Specialist FTB and BTL markets
Adam Cadle talks to Vida Homeloans director of sales - mortgages Louisa Sedgwick about the specialist first time buyer and buy to let markets