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MORTGAGES
There are 2635 articles for the MORTGAGES category
Annual UK house price growth accelerated to 6.4% in the year to March, taking the average price to £271,000, new data published by the Office for National Statistics (ONS) has shown
Posted: 21/05/2025
Digital Sharia-compliant bank, Nomo, has chosen OMS Originations from One Mortgage System (OMS) to develop its digital platform for customers and brokers
Posted: 21/05/2025
Chetwood Bank has announced that it has reached the milestone of £1bn of mortgage lending in the 2024/25 financial year
Posted: 19/5/2025
Interbridge Mortgages has delivered more than £250m in second charge loans to over 7,000 customers in its first year of lending in the sector
Posted: 16/05/2025
The number of mortgages in arrears fell by 2% in Q1 2025 compared to the final quarter of last year, new UK Finance figures have shown
Posted: 15/05/2025
Buy-to-let (BTL) properties are generating the highest average yields since February 2011, research by Paragon Bank has revealed
Posted: 14/05/2025
Buy-to-let (BTL) landlords in the south of England are more optimistic about their futures than those in the rest of the country, Landbay has revealed
Posted: 14/05/2025
The Association of Mortgage Intermediaries (AMI) has announced five appointments to its board following the conclusion of its annual elections
Posted: 13/05/2025
Average mortgage rates have dropped by a "significant margin" in May, with the average two-year fix falling to the lowest point since before the mini-Budget in September 2022, Moneyfacts has revealed
Posted: 12/05/2025
Over four in five people (82%) do not believe the Government will achieve its target of building 1.5 million new homes during the current Parliament, a new study by Family Building Society has highlighted
Posted: 12/05/2025
Half of UK households (51%) will require housing wealth to support their spending needs in later life and retirement, according to a new report by Fairer Finance
Posted: 12/05/2025
Professionalism in the private rental sector has continued to "gather momentum" in the first quarter of the year, following shifts in portfolio composition and property types, Foundation Home Loans has found
Posted: 09/05/2025
Over 937,000 homeowners who took out mortgages in 2023 could benefit from a decline in monthly payments as they come off their two-year fixed rates, new analysis by Compare the Market has shown
Posted: 09/05/2025
House prices in the UK increased by 3.2% in the 12 months to April, Halifax has revealed
Posted: 08/05/2025
The house buying process is taking 41% longer than expected, the Open Property Data Association (OPDA) has found
Posted: 07/05/2025
There was a significant increase in remortgaging activity in the UK’s housing market during the first quarter of 2025, according to research by Legal & General (L&G)
Posted: 07/05/2025
Seven in every 10 brokers (72%) are optimistic about future growth in the short-term lending market, research by Black & White Bridging has indicated
Posted: 07/05/2025
Santander has announced that all of its new build mortgage offers will now be valid for a standard nine months, increasing from six
Posted: 06/05/2025
Net mortgage approvals fell for the third month running in March, to a total 64,300, new Bank of England (BoE) figures have shown.
The figure, which is approvals net of cancellations for house purchases, was 800 down on February’s total
Posted: 01/05/2025
Residential property transactions hit a total 164,650 in March, a figure up 89% on the same month in 2024, new data published by HMRC has shown
Posted: 30/04/2025
There are far more landlords planning to sell off property than invest in the next year, new research from Pegasus Insight has indicated
Posted: 29/04/2025
Owner-occupiers over the age of 60 now hold a record £2.89trn of net housing wealth in homes, worth a total £2.95trn, according to estimates from Savills
Posted: 28/04/2025
The increase in stamp duty thresholds could be a ‘cliff-edge moment’ for first-time buyers (FTBs), according to the Yorkshire Building Society
Posted: 28/04/2025
Mansfield Building Society has announced that it reached over £125m in new mortgage lending in 2024
Posted: 28/04/2025
More than half (53%) of commercial mortgage brokers have seen an increased appetite from their commercial clients for external funding, Atom bank has found
Posted: 28/04/2025
Legal & General’s Mortgage Services business has announced the addition of Harpenden Building Society to its surveying services panel
Posted: 25/04/2025
United Trust Bank's total mortgage lending has surpassed the milestone of £2bn since it first launched into the sector
Posted: 23/04/2025
The housing market has overseen a decline in consumer confidence during the first quarter of 2025, new research from the Building Societies Association (BSA) has revealed
Posted: 23/04/2025
The volume of mortgage completions in the UK increased by 50% month-on-month in March to the highest level recorded since September 2021, Barclays Property Insights has revealed
Posted: 22/04/2025
Annual house price growth accelerated to 5.4% in the year to February, new Office for National Statistics (ONS) data has shown
Posted: 16/04/2025
Access Financial Services (FS) has reached a record level of income in its mortgage division, after its revenue increased by 43% year-on-year in its first quarter
Posted: 15/04/2025
The number of available mortgage deals at 90% and 95% loan-to-value (LTV) have climbed to their highest levels since March 2008, new data published by Moneyfacts has shown
Posted: 14/04/2025
Fifteen per cent of UK homeowners are planning to downsize during the current five-year parliamentary session, new research from Suffolk Building Society has indicated
Posted: 14/04/2025
More than three quarters of mortgage brokers (77%) have expressed dissatisfaction with the announcements made by the Chancellor in her Spring Statement, new Landbay research has shown
Posted: 14/04/2025
The first quarter of 2025 has registered a significant increase in first-time buyer searches for mortgages, including a rise in older buyers looking to step onto the property ladder for the first time, according to Legal & General (L&G)
Posted: 11/04/2025
Simplybiz Mortgages has reported “strong growth” for last year in both its total lending and overall market share
Posted: 09/04/2025
Almost three in 10 (27%) new lifetime mortgage customers list repaying debts and mortgages as the primary reason for taking out the product, Pure Retirement has found
Posted: 09/04/2025
The number of purchase mortgage searches recorded in March dropped month-on-month by 2.4%, while purchase buy-to-let and residential mortgage searches also fell by 3.43% and 2.23% respectively, Twenty7tec has found
Posted: 08/04/2025
Tariffs introduced by US President, Donald Trump, could be a "silver lining" for UK mortgage borrowers, AJ Bell has stated
Posted: 07/04/2025
The average house price in the UK dropped by 0.5% month-on-month in March, having fallen by 0.2% in February, Halifax has revealed
Posted: 07/04/2025
Second charge mortgages have cemented their position as the fastest-growing segment in the post-pandemic UK property finance market, according to analysis by Pepper Money
Posted: 03/04/2025
The number of buy-to-let (BTL) mortgage loans advanced in the UK jumped by 39.2% in the last quarter of 2024 to 52,648, UK Finance has revealed
Posted: 02/04/2025
UK house prices remained flat month-on-month in March ahead of the April stamp duty changes, Nationwide has revealed
Posted: 01/04/2025
Forty-seven per cent of buy-to-let (BTL) landlords have no intention of selling any properties in the next 12 months, according to a new survey from Landbay
Posted: 01/04/2025
Net mortgage approvals for house purchases fell by 600 in February to a total 65,500, new figures released by the Bank of England (BoE) have shown
Posted: 31/03/2025
The value of property wealth owned by those aged 65 and over has reached £2.944trn, Key Later Life Finance has found
Posted: 28/3/2025
UK residential property transactions totalled 90,430 in February, which is a year-on-year increase of 24%, HM Revenue and Customs (HMRC) has revealed
Posted: 28/3/2025
The first-time buyer (FTB) market was valued at £106bn in 2024, driven by an increase in FTB numbers and property prices, GetAgent has found
Posted: 27/03/2025
The average house price in the UK jumped by 4.9% year-on-year in January, which is the highest rate of growth in property prices since February 2023, the Office for National Statistics (ONS) has found
Posted: 26/3/2025
Over a quarter (27%) of tenants expect their rent to increase following the introduction of the Renters’ Rights Bill (RRB), Pegasus Insight has found
Posted: 24/3/2025
Mortgage affordability weakened for the second month in a row in January, according to new analysis from Stonebridge
Posted: 21/03/2025
There was £146m worth of new business agreed in the second charge mortgage market in January, new figures released by the Finance & Leasing Association (FLA) have shown
Posted: 21/03/2025
Awareness of product innovation in the later life lending market is growing but advisers have admitted they need more support, according to findings from Air
Posted: 20/03/2025
Less than one in 10 borrowers (8%) are worrying about the long-term financial burden of getting a mortgage, a broker study from MPowered Mortgages has found
Posted: 19/03/2025
Six in 10 mortgage brokers (58%) are open to AI playing a bigger role in the sector, according to new research from Nottingham Building Society
Posted: 18/03/2025
Mortgage advisers are failing over-50s on later life lending advice by not making them aware of all their options, Key Later Life Finance has warned
Posted: 18/03/2025
The average number of monthly mortgage completions has increased by 26% in the wake of the Autumn Budget since changes to stamp duty were first announced, data released by Barclays has shown
Posted: 18/03/2025
The commercial lending arm of Yorkshire Building Society, YBS Commercial Mortgages, grew its balance sheet to £2.2bn in 2024
Posted: 14/03/2025
Over half (51%) of UK mortgage brokers have described finding suitable financial products for high-net-worth individuals (HNWIs) as a "significant hurdle", research by Butterfield Mortgages has found
Posted: 12/03/2025
The value of all UK residential mortgages crept up by 0.5% in the fourth quarter of 2024, to a total £1.68trn, new Bank of England (BoE) figures have shown.
This was 1.3% higher than the same quarter a year earlier and the highest stock of outstanding mortgage loans since the BoE’s reporting began in 2007
Posted: 11/03/2025
More than half (54%) of advisers are expecting a rise in enquiries about later life lending in the next 12 months, new research from Key Later Life Finance has revealed
Posted: 11/03/2025
The former chief executive of the Association of Mortgage Intermediaries (AMI), Rob Sinclair, has warned brokers that lenders will look to take more market share from them in the coming years
Posted: 10/03/2025
The average shelf-life of a mortgage product has fallen to 16 days, down from 36 days a month previously, according to new Moneyfacts data
Posted: 10/03/2025
The number of parents providing support for their children with house deposits has increased by 46% over the past five years, Twenty7tec has revealed
Posted: 07/03/2025
Annual house price growth remained steady at 2.9% in the year to February, the latest Halifax House Price Index (HPI) has shown.
This figure was unchanged from the rate of annual growth in January although the average UK house price did however see a slight monthly dip of -0.1%, following a 0.6% increase in January
Posted: 07/03/2025
There is still appetite among landlords to buy new property despite the recent changes to stamp duty on additional investment properties, new research from Landbay has indicated
Posted: 06/03/2025
Net borrowing of mortgage debt by individuals increased by £900m in January to £4.2bn, new Bank of England (BoE) figures have shown
Posted: 03/03/2025
There were a total 81,360 residential property transactions in January, a figure 21% up on the same month last year, according to new HMRC data
Posted: 28/02/2025
House prices in the UK remained "stable" in February, increasing by 3.9% year-on-year, Nationwide has revealed
Posted: 28/02/2025
Annual house price inflation edged down to 1.9% in the year to January, according to the latest Zoopla House Price Index
Posted: 27/02/2025
Sixty-two per cent of UK mortgage brokers are actively seeking to expand their overseas client base, despite Government policies proving to be "significant obstacles", RAW Capital Partners has found
Posted: 27/02/2025
A total 35,840 new later life loans were advanced to older borrowers in Q4 2024, a level up 28.2% on last year, new UK Finance figures have revealed
Posted: 27/02/2025
The Government’s Mortgage Guarantee Scheme has supported 50,038 mortgages since its launch in April 2021, 86% of which have been purchases by first-time mortgages
Posted: 26/02/2025
Over three in five (62%) property purchases are at risk of being delayed or falling through if buyers miss the stamp suty deadline on 31 March, Upstix has revealed
Posted: 26/02/2025
Gatehouse Bank has published a report that outlines recommendations for the Government to unlock growth by "levelling the playing field" between Islamic and conventional finance
Posted: 25/02/2025
Average rental yields achieved by landlords increased to their highest level since March 2011 during the fourth quarter of 2024, Paragon Bank has revealed
Posted: 25/02/2025
A total £130m worth of new business was agreed in the second charge mortgage market during December, new figures from the Finance & Leasing Association (FLA) have shown
Posted: 21/02/2025
UK house price growth accelerated to 4.6% in the year to December, according to new figures published by the Office for National Statistics (ONS)
Posted: 19/02/2025
The total value of all homes across the UK now stands at £9.1trn, according to new research by Savills
Posted: 18/02/2025
Legal & General Mortgage Club has launched a new digital mortgage solution, powered by Smartr365, to help deliver better outcomes for brokers and their customers
Posted: 17/02/2025
The number of first-time buyers stepping onto the property ladder totalled 341,068 last year, a figure up 19% compared to 2023, data from Halifax has shown
Posted: 14/02/2025
Santander UK has reported a 130% increase in mortgage applications in Q4 2024 compared to Q4 2023, with buyers rushing to secure a property purchase ahead of the Government’s stamp duty deadline
Posted: 13/02/2025
The number of mortgage searches made by first-time buyers (FTBs) fell by 10.4% in January to 292,890, Twenty7tec has revealed
Posted: 11/02/2025
Over two thirds (69%) of landlords planning to purchase a new buy-to-let (BTL) property will use a limited company structure, Paragon Bank has revealed
Posted: 10/02/2025
The number of mortgages in arrears fell by 2% in the final quarter of 2024 compared to Q3, new figures published by UK Finance have revealed
Posted: 07/02/2025
The average house price in the UK reached a record high in January, jumping to £299,138, according to Halifax
Posted: 07/02/2025
Confidence among mortgage intermediaries in the outlook for the industry declined in Q4, according to findings from the Intermediary Mortgage Lenders Association (IMLA)
Posted: 06/02/2025
Mortgage Brain has launched a new "all-in-one" fully integrated platform, Mortgage Brain Hub
Posted: 06/02/2025
The number of searches for purchase mortgages fell by 7.87% year-on-year in January, "setting the tone for the year", Twenty7tec has said
Posted: 05/02/2025
Over four in five (82%) mortgage brokers have said they are now feeling "more positive" about the sector’s prospects compared to the start of 2024, Nottingham Building Society has found
Posted: 04/02/2025
House prices in the UK reached an annual growth of 4.1% in January, slowing from an increase of 4.7% in December, Nationwide has found
Posted: 31/01/2025
The number of transactions for residential properties across the UK jumped by 15% year-on-year in December, according to new HMRC data
Posted: 31/01/2025
The 2025 sales market is off to a "stronger start" than in 2023 and 2024, Zoopla has stated
Posted: 30/01/2025
Net borrowing of mortgage debt by individuals across the UK climbed by £1bn in December to £3.6bn, new Bank of England (BoE) figures have shown
Posted: 30/01/2025
Lending across the equity release sector totalled £622m in the final quarter of 2024, new figures released by the Equity Release Council have shown
Posted: 30/01/2025
Firms must be “stamp duty ready” to avoid potential bottlenecks and maintain service levels, Target Group has warned
Posted: 29/01/2025
Landlord optimism is "gently increasing", despite the reforms to Capital Gains Tax (CGT) in the October Budget and the potential impact of the Renter’s Reform Bill, Pegasus Insights has found
Posted: 27/01/2025
Housing affordability in the UK has made a "modest improvement" over the past year but remains "stretched" by historic standards, Nationwide has found.
The building society revealed in its latest housing affordability report that a prospective buyer earning the average UK income and buying a typical first-time buyer (FTB) property with a 20% deposit would have a monthly mortgage payment equivalent to 36% of their take-home pay
Posted: 24/01/2025
A total 48,862 new buy-to-let (BTL) loans worth £8.6bn were advanced in the UK during Q3 last year, new figures released by UK Finance have revealed
Posted: 22/01/2025
There has been a significant rise in the number of people taking out mortgages with a term of 35 years or more, according to new freedom of information (FOI) data analysed by Quilter
Posted: 21/01/2025
Moneybox has reported an 82% increase in mortgage in principle applications in December, as first-time buyers rushed to get ahead of the stamp duty changes
Posted: 21/01/2025
RAW Capital Partners has become the latest firm to be added to Paradigm’s lender panel
Posted: 21/01/2025
Two of the mortgage industry’s trade bodies are urging brokers and lenders to manage borrower expectations ahead of the approaching stamp duty deadline
Posted: 17/01/2025
The average UK house price climbed by 3.3% in the year to November, the latest UK House Price Index from the Office for National Statistics (ONS) has shown
Posted: 15/01/2025
Two in five (40%) landlords believe that possession grounds proposed in the Renters Rights Bill could assist them going forward, Landbay has found
Posted: 15/01/2025
The proportion of incorporated property held within portfolios of landlords who utilise companies has more than doubled since the first quarter of 2020, Paragon Bank has revealed
Posted: 14/01/2025
Average mortgage rates on two and five-year fixed products have fallen this month to 5.48% and 5.25% respectively, new data from Moneyfacts has shown
Posted: 13/01/2025
The housing market has been described as "turning" by e.surv, despite house prices in England and Wales falling by 2% year-on-year
Posted: 13/01/2025
The number of residential property transactions fell by 6% in November compared to October’s total, new figures published by HMRC have shown
Posted: 10/01/2025
Savers who are taking part in dry January could knock almost £13,000 off their mortgage term in interest, Santander has found
Posted: 09/01/2025
The Scottish housing market has been described as "quiet" at the end of 2024 by Walker Fraser Steele, but the chartered surveyor said that the outlook remains "positive"
Posted: 09/01/2025
The total average yield for rental properties across England and Wales reached 7.4% in Q4 2024, new data published by Fleet Mortgages has indicated
Posted: 08/01/2025
House prices fell by 0.2% month-on-month in December, marking the first drop in the average price since March, Halifax has revealed
Posted: 07/01/2025
Searches for purchase mortgages fell by 37.7% month-on-month in December to 535,912, Twenty7tec has revealed
Posted: 06/01/2025
A shrinking economy and the continuing effects of an interest rate squeeze could make 2025 a “tricky year for consumers and businesses alike”, the chief executive of Family Building Society has warned
Posted: 03/01/2025
First-time buyers (FTBs) bounced back over the course of 2024 following positive developments such as the falls in the Bank of England’s base rate
Posted: 02/01/2025
Rightmove has reported its busiest ever Boxing Day for new seller activity after a record number of properties were listed for sale by agents on 26 December 2024
Posted: 02/01/2025
House prices in the UK increased by 4.7% in the year to December 2024, with the average house price standing at £269,426, Nationwide has revealed
Posted: 02/01/2025
House prices in the UK increased by 1.9% year-on-year in 2024, with the average property price standing at £267,500 in November, Zoopla has revealed
Posted: 23/12/2024
The share of mortgage business conducted through intermediaries is set to continue its upwards trajectory over the next couple of years, a new report from the Intermediary Mortgage Lenders Association (IMLA) has indicated
Posted: 23/12/2024
Mortgage in principle requests have increased by 59% year-on-year at Moneybox, as the firm also reported a 50% jump in mortgage applications
Posted: 20/12/2024
The UK housing market has beaten expectations in 2024, with the market recovering as a result of lower mortgage rates and strong wage growth, according to Halifax
Posted: 19/12/2024
The majority (96%) of specialist mortgage customers have said they are likely to use the products again, despite 91% of brokers stating that they take a lot more time to complete compared to mainstream criteria, United Trust Bank has found
Posted: 18/12/2024
The changes to stamp duty thresholds next year could encourage tenants to stay longer and could even boost rental demand, Landbay has found
Posted: 18/12/2024
Annual house price growth accelerated to 3.4% in October, up from a revised estimate of 2.8% in the year to September, according to the Land Registry’s latest UK House Price Index
Posted: 18/12/2024
Residential house purchase lending has totalled £135bn in 2024, a rise of 11% on 2023, new figures published by UK Finance have shown
Posted: 16/12/2024
House price growth in Scotland has grown by 1.3% annually in October, which is the lowest growth since February
Posted: 13/12/2024
Four in five (80%) landlords who voted Labour at the last election have said that they wouldn’t do it again, Landbay has found
Posted: 12/12/2024
The process of buying a home is taking over three times longer than buyers would expect, a new survey from the Open Property Data Association (OPDA) has revealed
Posted: 11/12/2024
The housing market in England and Wales is set to have a "positive outlook" for the next few months, after prices increased slightly in November, e.surv has stated.
The firm’s house price index (HPI) revealed that the average house price in England and Wales increased by 0.2% month-on-month in November, to £358,828
Posted: 11/12/2024
The value of outstanding mortgage balances with arrears has increased by 18% year-on-year to £21.9bn, the Bank of England (BoE) has revealed
Posted: 10/12/2024
The average mortgage rate on a five-year fixed rate has increased by 0.19% to 5.28% this month, the biggest monthly rise to the five-year fixed average rate since August 2023
Posted: 09/12/2024
Tenants in the run-up to retirement age are the fastest growing group privately renting in England, new analysis by Paragon Bank has indicated
Posted: 09/12/2024
The average UK house price increased for the fifth month running in November to reach a record £298,083, according to the latest Halifax House Price Index.
Figures showed that house prices increased by 1.3% on a monthly basis during the month
Posted: 06/12/2024
Seven in 10 brokers (72%) believe the specialist market now presents a bigger opportunity than ever before, according to a new study from United Trust Bank (UTB)
Posted: 05/12/2024
Experian has launched a new partnership with Nationwide in a move to accelerate mortgage applications by automating the checks needed to verify a customer’s income
Posted: 04/12/2024
Expertise in tax and regulatory matters is the most valued quality of a broker for buy-to-let (BTL) landlords, Butterfield Mortgages Limited (BML) has revealed
Posted: 04/12/2024
The Mortgage Climate Action Group (MCAG) has rebranded to the Green Mortgage Advice Initiative (GMAI), the Association of Mortgage Intermediaries (AMI) has confirmed
Posted: 03/12/2024
Together has launched new partnerships with seven different mortgage clubs to broaden the distribution of the specialist lender’s products
Posted: 03/12/2024
Twenty-nine per cent of first-time buyers (FTBs) have cited mortgage rates as one of the biggest blockers to homeownership, Mortgage Advice Bureau (MAB) has found
Posted: 03/12/2024
UK house prices have increased by 3.7% year-on-year in November, jumping from a growth of 2.4% in October, Nationwide has revealed
Posted: 2/12/2024
Net mortgage approvals for house purchases increased to 68,300 in October, the highest level in over two years, new Bank of England (BoE) data has shown
Posted: 29/11/2024
The number of residential transactions in the UK reached 100,410 in October, an increase of 21% year-on-year, HM Revenue and Customs (HMRC) has revealed
Posted: 29/11/2024
The Association of Mortgage Intermediaries (AMI) has appointed Stephanie Charman as successor to Robert Sinclair as chief executive of the trade body.
Charman will join the AMI from her current role as group partnerships and propositions director at Sesame Bankhall Group, after spending over seven years with the business
Posted: 29/11/2024
Affordability in the housing market is improving from a combination of modest house price inflation and strong wage growth, new analysis by Halifax has highlighted
Posted: 28/11/2024
Target Group has announced a new partnership with software provider, Provenir, to help power its mortgage originations platform, Mortgage Hub
Posted: 28/11/2024
A total £8.9bn worth of mortgages have been supported by the Government’s Mortgage Guarantee Scheme, new figures published by the Treasury have shown
Posted: 27/11/2024
Two in five brokers (40.7%) who have encountered a vulnerable client do not share vulnerability information with lenders, new research commissioned by Smart Money People has highlighted
Posted: 27/11/2024
Analysts have stated that 2024 could be the "worst year ever" for the Help to Buy ISA, after the scheme was used to buy 10,977 properties in the three months to June
Posted: 27/11/2024
Almost all (95%) property professionals have expressed doubt that the new Government housing target will be reached, Countrywide Surveying Services (CSS) has found
Posted: 22/11/2024
The rate of annual house price growth jumped by 0.2% in September, new figures published by the Office for National Statistics (ONS) have shown
Posted: 20/11/2024
Almost two thirds (64%) of first-time buyers (FTBs) are unaware of the higher LTV options available to them, Pepper Money has found
Posted: 19/11/2024
Mortgage balances at Hanley Economic Building Society have increased from £345.85m in 2023 to £379.62m, a 9.77% jump year-on-year
Posted: 19/11/2024
Confidence in the mortgage market among intermediaries remained at its long-term level in the third quarter, new analysis by the Intermediary Mortgage Lenders Association (IMLA) has shown
Posted: 18/11/2024
Specialist lender, Together, has launched three new network partnerships with Stonebridge, Rosemount and Mortgage Intelligence
Posted: 18/11/2024
Mortgage possession claims jumped by 56% in Q3 compared to the same period last year, new data published by the Ministry of Justice has revealed
Posted: 15/11/2024
Hinckley & Rugby Building Society has partnered with Digital Buildings Limited to launch Retrogreen, a new retrofit proposition designed to support homeowners to improve the energy efficiency of their homes
Posted: 15/11/2024
Home buyer enquiries have increased by 12% in October, extending the run of positive returns for a fourth consecutive month, the Royal Institution of Chartered Surveyors (RICS) has revealed
Posted: 14/11/2024
Over four in five (81%) mortgage brokers have expressed optimism about business growth over the next year but have also cited concerns that could potentially impact their operations, Investec has found
Posted: 14/11/2024
The average house price in Scotland has reached over £226,000 for the first time, increasing by 2% annually in September, Walker Fraser Steele has revealed
Posted: 13/11/2024
Product choice across the mortgage market has registered the largest reduction in over a year, according to new data published by Moneyfacts
Posted: 11/11/2024
House prices in England and Wales have increased month-on-month for the first time in half a year, e.surv has found
Posted: 08/11/2024
The total number of mortgages in arrears of at least 2.5% dropped by 3% in Q3 compared to the previous quarter, new UK Finance figures have shown
Posted: 07/11/2024
House prices in the UK increased by 3.9% annually in October, easing from 4.6% growth in September, Halifax has found
Posted: 07/11/2024
Almost three quarters (72%) of business owners believe that self-employment makes it harder to get a mortgage, Pepper Money has found
Posted: 07/11/2024
Profitability levels reported by landlords in Q3 2024 hit the highest point since Q1 2022, Paragon Bank research has found
Posted: 05/11/2024
e.surv Chartered Surveyors has acquired the assets and brand of Acadata for an undisclosed amount
Posted: 04/11/2024
The number of homebuyers instructing a home condition survey with their most recent property purchase increased by 5.4% in Q3, Countrywide Surveying Services (CSS) has found
Posted: 04/11/2024
House prices in the UK increased by 0.1% in October, when taking account of seasonal effects, Nationwide has found
Posted: 1/11/2024
The number of residential property transactions increased by less than 1% month-on-month in September, rising for the first time since May.
HMRC revealed that there were an estimated 91,820 residential transactions in September, a year-on-year increase of 9%.
Posted: 31/10/2024
MoneyAge has rounded up some reaction from the mortgage industry to the Budget and the implications that could be felt across the market
Posted: 30/10/2024
Mortgage approvals increased to their highest net level in over two years during September, according to new Bank of England (BoE) figures
Posted: 29/10/2024
Fifty per cent of potential homebuyers with adverse credit said they would speak to a broker for advice on getting a mortgage, Pepper Money has found
Posted: 29/10/2024
House sales are at their highest level since late 2020, Zoopla has stated, amid rising incomes combined with average mortgage rates currently reaching their lowest for two years
Posted: 28/10/2024
A vast majority of landlords (91%) believe that Wednesday’s Budget will be negative towards them, research by Pegasus Insight has indicated
Posted: 28/10/2024
Over three quarters (76%) of first-time buyers (FTBs) believe the Government should do more to support them getting on the property ladder, Moneybox has found
Posted: 24/10/2024
Homeowners who purchased their current home within the last 20 years are sitting on an average of £80,000 in property value gains, according to new analysis by Zoopla
Posted: 18/10/2024
The upcoming Budget must include a replacement for the help to buy scheme to support first-time buyers joining the property ladder, Just Mortgages has said
Posted: 16/10/2024
Annual house price growth rose to 2.8% in the year to August, according to the latest UK House Price Index published by the Land Registry
Posted: 16/10/2024
Overall product choice across the mortgage market has jumped to 6,645 options in October, the first rise since July, according to new Moneyfacts data
Posted: 15/10/2024
More than a quarter of people (26%) think they need to wait at least five years after receiving a county court judgement (CCJ) before applying for a mortgage, research by Pepper Money has shown
Posted: 15/10/2024
Lenders and mortgage brokers have called on the Chancellor to introduce key reforms to stamp duty in the upcoming Budget, aimed at boosting energy efficiency in properties and stimulating the housing market
Posted: 14/10/2024
Sixty per cent of buy-to-let (BTL) landlords are "optimistic" about the performance of their property investment in the next year, both across capital growth and rental returns, Butterfield Mortgages Limited (BML) has found
Posted: 14/10/2024
House prices in Scotland increased by 2.5% year-on-year in August, the strongest growth since April, Walker Fraser Steele has revealed
Posted: 11/10/2024
Sesame Bankhall Group has confirmed a new partnership with rate monitoring tool, Mortgage Metrics
Posted: 10/10/2024
Business volumes in the second charge mortgage market grew by 16% in August compared to the same month last year, new figures published by the Finance & Leasing Association (FLA) have revealed
Posted: 09/10/2024
Over half (53%) of homeowners are yet to try remortgaging online, presenting a “significant opportunity” for lenders to develop digital remortgage solutions, according to finova
Posted: 09/10/2024
House prices have increased by 4.7% year-on-year, the strongest rate since November 2022, Halifax has revealed
Posted: 07/10/2024
There has been a 67% increase in the number of tracker mortgages taken out over the past three years, according to data from the Financial Conduct Authority.
A Freedom of Information (FOI) request by Quilter showed that the number of tracker mortgages taken out has surged, rising from 118,818 in 2021 to 198,044 by Q1 of 2024
Posted: 04/10/2024
Housing market activity is continuing to rebound with both sales agreed and buyer demand up by more than a quarter over the last four weeks compared to the same period a year ago
Posted: 03/10/2024
Elizabeth Passey has been announced as the new chair of the Financial Services Compensation Scheme’s (FSCS) board
Posted: 01/10/2024
Net mortgage approvals for house purchases rose to 64,900 in August, the highest level in two years, according to new Bank of England (BoE) figures
Posted: 30/09/2024
House prices increased by 3.2% year-on-year in September, the highest jump in prices in almost two years, Nationwide has revealed
Posted: 30/09/2024
The number of UK residential property transactions grew by 5% in August compared to the same month last year, new HMRC data has revealed
Posted: 27/09/2024
High street lenders have reduced the average application processing time by 30%, from 14 days in 2022 to 10 days in 2024, finova has found
Posted: 27/09/2024
Almost three quarters (71%) of recent first-time buyers (FTBs) have received financial support to purchase their first home, Moneybox has revealed.
Posted: 24/09/2024
The number of landlords who utilise company structures and incorporate their portfolios has seen a sharp rise over the last four years, Paragon Bank has revealed
Posted: 18/09/2024
UK house price growth slowed to 2.2% in the year to July, according to the latest UK House Price Index from the Land Registry, down from a revised 2.7% in the 12 months to June
Posted: 18/09/2024
The number of sales agreed for new build homes has fallen by 21% between 2019 and 2024, TwentyCi has revealed
Posted: 17/09/2024
The Open Property Data Association (OPDA) has launched a survey across over 30 of its member firms to discover what buyers think should be done to improve homebuying in the UK
Posted: 17/09/2024
The ‘Bank of Family’ is expected to help fund 42% of UK property purchases made by those aged under 55 in 2024, new research from Legal and General and the Centre for Economics and Business Research has indicated
Posted: 16/09/2024
Prospective homebuyers are preparing to invest significant amounts in retrofitting and renovating their properties, research from the Mortgage Advice Bureau (MAB) has indicated, with the average expected expenditure reaching £35,523
Posted: 16/09/2024
New business volumes in the consumer finance industry increased by 4% in July compared to the same month last year, new figures published by the Finance & Leasing Association (FLA) have indicated.
The latest data has shown that over the opening seven months of 2024, new consumer finance business has “held steady” compared with the same period in 2023
Posted: 13/09/2024
Homebuyers are calling for action from the Government to tackle the challenging conditions of the UK property market, according to new research Market Financial Solutions
Posted: 12/09/2024
eConveyancer has announced the renewal of its longstanding partnership with L&C Mortgages
Posted: 12/09/2024
NatWest has become the latest mortgage lender to join the Open Property Data Association (OPDA)
Posted: 11/09/2024
The outstanding value of all residential mortgage loans climbed to £1.66trn in the second quarter of the year, a figure up 0.4% on Q1
Posted: 10/09/2024
Average mortgage rates on the overall two and five-year fixed rate deals fell month-on-month by 0.21% and 0.18% respectively during August, new Moneyfacts data has indicated
Posted: 09/09/2024
House prices rose by 4.3% on an annual basis in August which is the strongest rate of annual growth seen since November 2022, the latest Halifax House Price Index has revealed
Posted: 06/09/2024
Two in five (40%) first-time buyers (FTBs) have found it difficult to secure a favourable mortgage rate, new research by Moneybox has indicated
Posted: 05/09/2024
Recovering house prices in the first half of 2024 have driven the total value of the UK’s property equity to £5.7trn, analysis by the Equity Release Council has indicated
Posted: 04/09/2024
One in five people between the ages of 18 and 34 are unsure if they will ever own a home or are not planning to do so at all, new research by Yorkshire Building Society has indicated
Posted: 03/09/2024
The number of residential property transactions across the UK registered a 13% year-on-year rise in July, new HMRC figures have indicated
Posted: 30/08/2024
House prices in the UK have jumped annually by 2.4% in August, following a year-on-year increase of 2.1% in July, Nationwide has revealed
Posted: 30/08/2024
A total 32,290 new loans were advanced to older borrowers in the second quarter, a figure down 8.34% compared to last year, new UK Finance data has revealed
Posted: 29/08/2024
House prices have risen by 1.4% over the first seven months of 2024, which compares to 0.1% growth in the first seven months of 2023
Posted: 28/08/2024
Today's round up of developments coming out of the consumer finance space, featuring Fleet Mortgages, CHL Mortgages and Accord Mortgages
Posted: 23/08/2024
Over a quarter (28%) of Brits said they would consider a fixed-rate mortgage, making it the most popular product type, Compare the Market has found
Posted: 22/08/2024
Labour plans to introduce a “freedom to buy” mortgage guarantee scheme are unlikely to achieve the desired impact in supporting prospective first-time buyers, according to Quilter
Posted: 21/08/2024
Almost two in five (38%) of homeowners aged 65 and over have admitted to never checking if they were entitled to extra benefits, HUB Financial Solutions has found
Posted: 19/08/2024
The average price of new property coming to the market has registered a seasonal drop of 1.5% this month, according to the latest Rightmove House Price Index
Posted: 19/08/2024
Over half (56%) of private renters in the UK have no form of financial protection in place, despite a third needing to take extended time off work, Scottish Widows has found
Posted: 19/08/2024
Buy-to-let (BTL) landlords continue to favour the stability of a fixed rate mortgage, with the majority set to choose a five-year fixed rate when they come to remortgage, Landbay has revealed
Posted: 16/08/2024
OSB Group has reported a fall in originations to £1.9bn in its opening first half, down from £2.3bn in H1 2023
Posted: 15/08/2024
Thirty-two per cent of prospective buyers are delaying their property purchase, with the number rising to 36% for first-time buyers, the Mortgage Advice Bureau has revealed
Posted: 14/08/2024
Annual house price inflation in the UK stayed flat at 2.7% in the year to June, according to the latest UK House Price Index from the Land Registry
Posted: 14/08/2024
The average shelf-life of a mortgage product fell to 17 days in July, having stood at 30 days a month earlier, Moneyfacts has revealed
Posted: 13/08/2024
The private rental sector is facing a significant challenge in meeting the Government’s newly proposed energy efficiency target, new research by Hamptons has warned
Posted: 12/08/2024
Average rental yields have reached 6.3% in Q2 2024, the highest figure for over a decade, Foundation Home Loans has found
Posted: 12/08/2024
House price growth in Scotland has started to slow after three months of rises, Walker Fraser Steele has reported
Posted: 12/08/2024
The average house price in England and Wales now stands at £360,630, a drop of 1.3% annually, e.surv has found
Posted: 09/08/2024
Intermediary confidence has increased once again in Q2 2024 as business volumes continue to grow, the Intermediary Mortgage Lenders Association (IMLA) has revealed
Posted: 08/08/2024
The number of homeowner mortgages in arrears of 2.5% or more of the outstanding balance in the second quarter stood at 96,070, broadly unchanged quarter-on-quarter, UK Finance has revealed
Posted: 08/08/2024
Landlords generated average rental yields of 6.3% in the second quarter of the year, the highest level in a decade, according to new research published by Paragon Bank
Posted: 07/08/2024
House prices increased by 0.8% month-on-month in July, after three "relatively flat months", Halifax has found
Posted: 07/08/2024
Just under one in five (18%) of people have said they feel knowledgeable about mortgages, Yorkshire Building Society has found
Posted: 05/08/2024
More than seven in 10 property professionals are in favour of pre-sale surveys, new research by Countrywide Surveying Services (CSS) has indicated
Posted: 02/08/2024
House prices have seen the fastest pace of growth since December 2022, as the annual growth rate jumped from 1.5% in June to 2.1% in July
Posted: 01/08/2024
The number of searches for remortgage terms across 10-15 years by people aged over 50 years old has increased by 156% year-on-year, Legal & General (L&G) has found
Posted: 31/07/2024
The number of property transactions in the UK has fallen month-on-month in June for the first time in five months, HM Revenue and Customs (HMRC) has revealed
Posted: 31/07/2024
House prices are set to rise by 1.5% by the end of the year, as the average house price in the UK reached £265,600 in June, Zoopla has revealed
Posted: 30/07/2024
Almost one in five (18%) of those who have had to remortgage onto a higher rate since the end of 2022 have "poor" or "very poor" financial resilience, Hargreaves Lansdown (HL) has revealed
Posted: 29/07/2024
The average house price in Wales has increased in the second quarter of 2024 for the first time since December 2022
Posted: 29/07/2024
Net borrowing of mortgage debt across the UK increased to £2.7bn in June, up from a total of £1.3bn in May
Posted: 29/07/2024
More than half (51%) of mortgage intermediary firms are looking to expand, reflecting growing optimism amongst brokers, Paragon Bank has found
Posted: 26/7/2024
Total lending in equity release has increased by 15% to £578m in the second quarter of 2024, while new customers taking out new products made Q2 the busiest quarter for almost a year for the equity release market
Posted: 25/7/2024
The volume of lending for buy-to-let (BTL) house purchases has more than halved over the course of 2023, with the number of new mortgage loans being granted dropping from 25,280 in Q4 2022 to 12,422 in Q1 2024
Posted: 22/7/2024
Twenty7tec has partnered with Ecology Building Society by adding the firm to its SOURCE module
Posted: 15/07/2024
Try Mortgage Network (TMN) has announced a new partnership with insurance technology platform, UnderwriteMe
Posted: 12/07/2024
House prices in Scotland have increased by 0.3% month-on-month in May, as the average price for a property reached a third consecutive record of £225,636, Walker Fraser Steele has found
Posted: 11/07/2024
Green Mortgages has launched a new partnership with Propflo to introduce a “one-stop-shop” for green home improvements
Posted: 10/07/2024
The majority (85%) of buy-to-let (BTL) landlords plan to raise rents on their properties in the next 12 months, Landbay has found
Posted: 10/07/2024
The number of searches for remortgage products fell by 7.3% month-on-month in June, and annual searches dropped by almost a quarter (24.8%), Twenty7tec has found
Posted: 09/07/2024
House prices in England and Wales have fallen by 1.6% annually, with the average house price across the two nations standing at £360,175, e.surv has found
Posted: 09/07/2024
Rachel Reeves has confirmed that the new Labour Government will bring back compulsory housebuilding targets in her first speech as the new Chancellor
Posted: 08/07/2024
The change in house prices remained "relatively flat" month-on-month in June, with prices dropping by 0.2%, Halifax has revealed
Posted: 05/07/2024
Mortgage Intelligence has added Mortgage Brain’s Criteria Brain and Affordability Brain software to its suite of free tools for network members
Posted: 04/07/2024
One in five prospective homebuyers (22%) are planning to make their homes more energy efficient in the hope of securing more favourable mortgage deals, according to new research by Mortgage Advice Bureau (MAB)
Posted: 03/07/2024
Tuscan Capital has completed a £2.1m mid-term loan for two mixed-use properties in the Midlands
Posted: 03/07/2024
A third (34%) of aspiring first-time buyers (FTBs) believe that Labour is the party best placed to support them in sourcing homeownership, Moneybox has revealed
Posted: 03/07/2024
Over half of landlords treat the management of their properties as a full-time job, Landbay has found
Posted: 03/07/2024
The total average rental yield in England and Wales rose to 7.6% in the second quarter, according to new figures published by Fleet Mortgages
Posted: 02/07/2024
Equity release customers are set to save almost £300m in borrowing costs over the next two decades, having used the freedom to make voluntary penalty-free loan repayments, the Equity Release Council has revealed
Posted: 01/07/2024
Net borrowing of mortgage debt by individuals across the UK fell from £2.2bn in April to £1.2bn in May, new figures published by the Bank of England (BoE) have revealed.
The Bank’s latest data also showed that net mortgage approvals for house purchases, totalled 60,000 in May, a slight fall from 60,800 in April
Posted: 01/07/2024
House prices in the UK increased by 1.5% year-on-year in June, with the average house price now standing at £266,064, Nationwide has found
Posted: 01/07/2024
The average UK house price is on track to be 1.5% higher by the end of 2024, new forecasts from Zoopla have indicated
Posted: 28/06/2024
The number of residential property transactions in May increased by 17% year-on-year to 91,290, HM Revenue and Customs (HMRC) has revealed
Posted: 28/06/2024
An estimated 18 million UK homes have an Energy Performance Certificate (EPC) rating of D or below, new analysis by Rightmove has indicated
Posted: 27/06/2024
London’s first-time buyer numbers increased to a 20-year high last year as 181,000 buyers secured their first step onto the housing ladder, according to research from Benham and Reeves
Posted: 26/06/2024
The number of pure interest-only homeowner mortgages outstanding at the end of 2023 fell by 5.4% year-on-year to 664,000, new figures published by UK Finance have revealed
Posted: 25/06/2024
The average first-time buyer mortgage payment has increased by 61% since the last General Election in 2019, Rightmove has revealed
Posted: 25/06/2024
The Intermediary Mortgage Lenders Association (IMLA) has called on the Government to conduct a review into regulatory barriers to first-time ownership
Posted: 25/06/2024
LHV Bank has completed a loan of around £7m for the purchase of a residential investment property in a town in Surrey
Posted: 24/06/2024
More UK adults have applied for payday loans (18%) than mortgages (10%) in the past six months, new research by Moneyhub has revealed
Posted: 24/06/2024
Half of HMO landlords have said they use their property or portfolio as their sole source of income, a study by Landbay has revealed
Posted: 21/06/2024
The annual rate of UK house price growth climbed to 1.1% in the year to April, up from a revised increase of 0.9% in March, according to the latest UK House Price Index published by the Land Registry
Posted: 19/06/2024
April Mortgages has been praised for the "security" that it offered when supporting a borrower with a 15-year fixed rate mortgage
Posted: 18/6/2024
The Labour Party has stated that it will introduce a "permanent, comprehensive mortgage guarantee", should it be elected to power on 4 July
Posted: 13/06/2024
The average house price in Scotland has jumped by more than £4,000 so far this year, Walker Fraser Steele has found
Posted: 13/06/2024
LiveMore has successfully priced and completed its inaugural securitisation, totalling £208.1m of prime and near prime owner-occupied mortgage loans
Posted: 12/06/2024
Two in five (40%) renters are considering moving back in with their parents in order to boost their first-time buyer savings, Skipton Building Society has revealed
Posted: 12/06/2024
One Mortgage System has (OMS) announced a full application programming interface (API) integration with new second charge lender, Interbridge Mortgages
Posted: 12/06/2024
Broker satisfaction with lenders improved in the first half of 2024, to 83.7% among all brokers, new research by Smart Money People has indicated
Posted: 12/06/2024
The Conservative Party has announced plans to introduce a "new and improved" Help to Buy scheme as part of its manifesto for the General Election.
Under proposals announced this afternoon, the Party said that it would provide first-time buyers with an equity loan of up to 20%, which will be put towards the cost of a new build home
Posted: 11/06/2024
The outstanding value of all residential mortgage loans in the UK stood at £1.65trn at the end of Q1 this year, down slightly by 0.1% from the previous quarter
Posted: 11/06/2024
Almost nine in 10 (87%) of mortgage owners over the age of 55 have said that their mental health has suffered as a result of the cost of living crisis, Key has revealed
Posted: 11/06/2024
Consumer spending on rent and mortgages increased 6.3% year-on-year in May, up from 3.6% in April, according to new analysis by Barclays
Posted: 11/06/2024
House prices fell 3.3% annually in April despite downward price pressures continuing to ease across the board, e.surv has found
Posted: 11/06/2024
The average shelf-life of a mortgage has dropped to 15 days at the start of June, compared to 28 days a month earlier, Moneyfacts has found
Posted: 10/06/2024
The Labour Party has stated that it will secure a scheme that is designed to ensure low-deposit mortgages are available for first-time buyers, if they win the General Election
Posted: 07/06/2024
Average house price growth in the UK remained broadly stable during May, falling just 0.1% on a monthly basis
Posted: 07/06/2024
Rental inflation increased by 6.6% in April 2024, which is the slowest rate of inflation since October 2021, Zoopla has reported
Posted: 07/06/2024
April Mortgages has rolled out its mortgage range to all HLPartnership advisers and launched into the house purchase market
Posted: 04/06/2024
Forty-four per cent of landlords in the UK have stated that they plan to buy property in the next 12 months, Landbay has found
Posted: 04/06/2024
Two in three (65%) prospective first-time buyers cannot accurately define shared ownership, a new study from The Mortgage Lender (TML) has revealed
Posted: 04/06/2024
Mortgage borrowing has fallen in Q1 year-on-year, despite growth in the number of mortgage applications at the end of 2023, UK Finance has found
Posted: 03/06/2024
The number of mortgage approvals remained broadly flat in April, new figures from the Bank of England (BoE) have shown
Posted: 31/05/2024
The number of residential property transactions jumped by 17% annually in April, according to new estimates published by HMRC
Posted: 31/05/2024
House prices in the UK have continued to increase on an annual basis, as the average price jumped by 1.3% in May to £264,249, after growth of 0.6% in April, Nationwide has found
Posted: 31/05/2024
Target Group has enhanced its Mortgage Hub originations platform with real-time transaction data from credit risk solutions provider, Atto
Posted: 30/05/2024
First-time buyers are set to make up 40% of the mortgage market in 2024, which is a 25% activity increase over the past eight years, Yorkshire Building Society has revealed
Posted: 30/05/2024
The number of homes on sale in the UK is at the highest figure for the past eight years as sellers return to the market, Zoopla has found
Posted: 30/05/2024
The total of new loans advanced to older borrowers fell annually by 11.7% during the first quarter, new UK Finance figures have shown
Posted: 30/05/2024
Bridging loan books reached a new record high of £8.1bn in the first quarter, new figures published by the Association of Short-Term Lenders (ASTL) have shown
Posted: 30/05/2024
Mortgage technology provider Koodoo and intermediary platform Acre have announced the launch of a new partnership
Posted: 29/05/2024
Almost a quarter (23%) of renters aged between 21 and 34 have stated that they frequently consider moving back into their family home, primarily due to high general living costs
Posted: 29/05/2024
Two in five landlords (41%) are still undecided on who to vote for in the upcoming General Election, new research from Landbay has suggested
Posted: 28/05/2024
The General Election is "unlikely" to impact the positive property market revival of recent months, eXp UK has stated
Posted: 28/05/2024
Dudley Building Society has launched a large loan residential mortgage offering to the whole of the market
Posted: 28/05/2024
More than four in five landlords (83%) are reporting strong levels of tenant demand, new research from Paragon Bank has indicated
Posted: 24/05/2024
Over two thirds of brokers have said that lending up to and into retirement is changing, with greater numbers borrowing into their retirement in order to ease debt consolidation and day-to-day living costs, Hodge has found
Posted: 23/05/2024
The Intermediary Mortgage Lenders’ Association (IMLA) is supporting calls from the Building Societies Association (BSA) for the Government to introduce reforms to assist first-time buyers and address the UK’s housing crisis
Posted: 22/05/2024
House prices in the UK jumped by 1.8% annually to an average price of £283,000 in March, HM Land Registry has revealed
Posted: 22/05/2024
A significant number of homeowners over the age of 55 are braced for major increases to their monthly mortgage payments as their fixed rate deals come to an end, new research by Key Later Life Finance has indicated
Posted: 21/05/2024
The average asking price for a property in the UK has hit a record high, with the average price reaching £375,131 in May, Rightmove has found
Posted: 20/5/2024
Over half (51%) of mortgage borrowers have chosen a term of 30 years or more in the past year, Uswitch has found
Posted: 17/5/2024
Confidence among mortgage intermediaries increased in the first quarter, new research by the Intermediary Mortgage Lenders Association (IMLA) has indicated
Posted: 16/05/2024
The first quarter of the year saw a 13% rise in the number of mortgage adviser searches among older buyers, new research from Legal & General has shown
Posted: 15/05/2024
Last year saw the lowest number of properties ever bought using a Help to Buy ISA, new Treasury figures have revealed.
Just 45,016 properties were purchased using the scheme, less than half the 93,922 bought in 2021
Posted: 15/05/2024
New business volumes in the consumer finance space totalled £10.5bn in March, a 4% fall compared with the same month last year, new figures published by the Finance & Leasing Association (FLA) have shown
Posted: 14/05/2024
House prices in Scotland increased by 1.4% month-on-month in March, having seen five consecutive monthly declines to outperform both the English and Welsh housing markets, Walker Fraser Steele has found
Posted: 14/05/2024
Virgin Money has reported a 2% fall in mortgage lending to £56.6bn for the first six months of its financial year, after citing a “subdued market” in H1
Posted: 14/05/2024
Overall product choice in the mortgage market has increased to 6,565 options, its highest level for 16 years, new data from Moneyfacts has shown
Posted: 13/05/2024
Over a million people have taken out a new mortgage in the past three years that will run past the state pension age, a freedom of information request from LCP has revealed
Posted: 13/05/2024
House transactions in England and Wales are at the lowest level recorded since 1995, e.surv has found
Posted: 13/05/2024
Marsden Building Society has announced new changes to its Guernsey mortgage portfolio with reduced rates, capital raising and interest-only options
Posted: 10/05/2024
The total number of UK mortgages in arrears saw a slight increase of 3% in Q1 compared to the previous quarter, new UK Finance figures have shown
Posted: 09/05/2024
Over one in five (22%) buy-to-let (BTL) landlords have moved to a new lender when remortgaging their property to cut costs, Foundation Home Loans has found
Posted: 08/05/2024
Almost three quarters (74%) of young people aged between 18 and 34 believe that energy efficient improvements will increase the value of their home, Coventry for Intermediaries has found
Posted: 07/05/2024
The average house price in the UK increased by 0.1% month-on-month to £288,781, Halifax has found
Posted: 07/05/2024
Coventry Building Society has called on the Government to implement changes to stamp duty following HMRC’s figures this week that revealed residential property transactions have slumped to a four-year low in the first quarter
Posted: 02/05/2024
Later life lending platform, Air, has launched a new partnership with Mortgage Intelligence
Posted: 02/05/2024
Regional differences are acting as barriers to those looking to step onto the property ladder for the first time, research by Coventry for intermediaries has indicated
Posted: 01/05/2024
House prices in the UK have fallen by 0.4% month-on-month, as the housing market continues to struggle with "affordability pressures", Nationwide has revealed
Posted: 01/05/2024
The number of transactions for residential properties in the UK reached 86,980 in March, a figure up by 20% in comparison to February
Posted: 30/04/2024
Net mortgage approvals climbed to 61,300 in March, a figure up slightly on February’s total of 60,500, new Bank of England (BoE) figures have shown
Posted: 30/04/2024
Over half (56%) of new customers who have made use of equity release products opted for drawdown lifetime mortgages, the Equity Release Council has found
Posted: 29/04/2024
House sales are 12% higher compared to their level from a year ago as the housing market continues to benefit from more homes being for sale and renewed confidence among buyers
Posted: 29/04/2024
Iress has announced that mortgage products from Nomo Bank are now live on its Xplan Mortgage and Trigold systems
Posted: 26/04/2024
NatWest has reported a fall in its total gross new mortgage lending to £5.2bn in the first quarter of 2024, a figure down from £9.9bn in Q1 last year
Posted: 26/04/2024
The average house price for those selecting a RICS home survey level two and three increases by over two-thirds (69%), Countrywide Surveying Services has found
Posted: 25/4/2024
Second charge lender Equifinance has completed its debut public securitisation consisting of a £260m portfolio of second charge mortgages
Posted: 24/04/2024
Mortgage lending in the UK reached £217.7bn between March 2023 and February 2024, which is a drop of 28.6%, Octane Capital has found
Posted: 24/04/2024
First-time buyers are facing the toughest conditions to buy a home in 70 years, the Building Societies Association (BSA) has said
Posted: 22/4/2024
One in 10 (11%) new equity release customers have listed using funds for holidays as their main reasons for borrowing, Pure Retirement has revealed
Posted: 19/4/2024
House prices in Scotland increased by 0.4% year-on-year in February, which is the first increase in annual prices since November 2023, Walker Fraser Steele has found
Posted: 18/04/2024
The average UK house price fell by 0.2% year-on-year in the 12 months to February, according to the latest figures published by the Office for National Statistics (ONS)
Posted: 17/04/2024
Thirty-seven per cent of portfolio landlords are continuing to upgrade their properties to an Energy Performance Certificate (EPC) of C or above, despite proposed regulations being scrapped by the Government
Posted: 16/04/2024
One Mortgage System (OMS) has been selected by intermediary firm Xpress Mortgages as its choice of CRM system
Posted: 16/04/2024
The average house price in England and Wales dropped by 3.1% year-on-year in March, e.surv has found
Posted: 12/04/2024
More than 80% of mortgage brokers have predicted a rise in borrowing compared to official forecasts, with gross mortgage lending set to be stronger than anticipated in 2024, TMA Club has found
Posted: 12/04/2024
Buyer demand in the UK housing market climbed in March, the latest RICS UK Residential Survey has indicated
Posted: 11/04/2024
The average house price in England is enough to provide enough money to cover around seven years of care in a residential home, Just Group has found
Posted: 10/04/2024
The average rate on two and five-year fixed mortgage deals increased to 5.80% and 5.39% respectively between March and April, new figures from Moneyfacts have shown
Posted: 09/04/2024
A quarter (25%) of landlords are prioritising energy efficiency when it comes to adding a property to their investment portfolio, new research from The Mortgage Lender (TML) has indicated
Posted: 05/04/2024
The average house price in the UK has dropped by £2,900 month-on-month, with the typical UK home now costing £288,430, Halifax has found
Posted: 05/04/2024
The number of new properties coming to market has increased by 18% between January and February, Propertymark has found
Posted: 04/04/2024
The total value of new buy-to-let (BTL) lending reached £6.3bn in the fourth quarter of 2023, a fall of 55.4% on Q4 2022
Posted: 03/04/2024
Net mortgage approvals for UK house purchases increased to 60,400 in February, up from 56,100 in January, according to new Bank of England (BoE) figures
Posted: 02/04/2024
First-time buyers who use a lifetime ISA (LISA) to purchase their first property are, on average, four years younger than those who do not, Tembo has found
Posted: 02/04/2024
Annual house price growth increased by 1.6% in March, following on from a 1.2% rise in February, Nationwide has found
Posted: 02/04/2024
There is a new generation of customers emerging with different mortgage needs from the traditional equity release customer, according to new research from Air
Posted: 28/03/2024
The estimated number of residential transactions in the UK fell by 6% year-on-year in February to 82,940, HM Revenue and Customs (HMRC) has revealed
Posted: 28/03/2024
The number of house sales agreed in the UK in the first quarter of the year increased by 9% year-on-year, Zoopla has found
Posted: 28/03/2024
Yorkshire Building Society has launched a new £5,000 deposit mortgage to help people looking to reach their homeownership targets
Posted: 27/03/2024
One Mortgage System (OMS) has enhanced its application programming interface (API) integration with Tandem Bank
Posted: 27/03/2024
The South West, London and Scotland are now the only regions in the UK where owning a first home is cheaper than renting, Halifax has found
Posted: 27/03/2024
Legal & General Mortgage Club has added April Mortgages to its lender panel
Posted: 26/03/2024
The UK’s housing stock is offering the “worst value for money” of any advanced economy, new analysis by the Resolution Foundation has warned
Posted: 25/03/2024
Legal & General (L&G) has reported that its total criteria searches for those looking to invest in property has increased by 105% from December 2023 to the end of February
Posted: 25/03/2024
House prices dropped by 0.6% year-on-year in January, following a 2.2% fall in December, the Office for National Statistics (ONS) has found
Posted: 20/03/2024
Paragon Bank has signed up to the Mortgage Industry Mental Health Charter (MIMHC), the not-for-profit organisation helping finance businesses support their staff
Posted: 19/03/2024
The average price of newly marketed properties in the UK increased by 1.5% month-on-month, now standing at £368,118, the biggest increase in 10 months, Rightmove has found
Posted: 18/03/2024
The value of outstanding mortgage balances with arrears increased by 50.3% year-on-year, standing at £20.3bn in the final quarter of 2023
Posted: 12/3/2024
Three out of four home movers are satisfied with the service they received from the last conveyancing solicitor they used, while a similar number (74%) of those who bought their home within the last five years said they would use the same firm again, according to latest research
Posted: 11/03/2024
Second charge new business volumes grew by 2% in January 2024, according to latest figures published by the Finance & Leasing Association (FLA)
Posted: 08/03/2024
Searches for second charge mortgages increased by 14% year-on-year in 2023, according to data from Knowledge Bank that’s been released for a dual-branded version of the Pepper Money Specialist Lending Study
Posted: 08/03/2024
Nationwide Building Society has reached an agreement to buy Virgin Money in a £2.9bn deal
Posted: 07/03/2024
Average house prices rose by +0.4% in February, the fifth monthly rise in a row, according to the Halifax House Price Index
Posted: 07/03/2024
Almost one in four (22%) UK homeowners with a mortgage – equivalent to 2.8 million people – have said repayments are stopping them from saving more for retirement, according to new findings from the Equity Release Council and Canada Life
Posted: 05/03/2024
Almost two in five (38%) landlords have said that they would like to expand their property portfolio in the next 12 months, Lendlord has found
Posted: 4/3/2024
The average UK house price jumped by 0.7% in February, according to the latest Nationwide House Price Index.
This resulted in an improvement in the annual rate of house price growth climbing to 1.2% in February, up significantly from -0.2% the previous month
Posted: 01/03/2024
The number of transactions for residential property registered a 10% year-on-year fall in January, new figures published by HMRC have shown
Posted: 29/02/2024
Zoopla has estimated that house sales in the UK in 2024 will increase by 10% year-on-year, predicting the number of sales to reach 1.1 million
Posted: 29/02/2024
Thirty-eight per cent of mortgage intermediary companies are expanding their operations amid a backdrop of labour market challenges, new research by Paragon Bank has suggested
Posted: 28/02/2024
UK property investors have said that they are "optimistic" for the year ahead, even in the face of economic and regulatory challenges, Market Financial Solutions (MFS) has found
Posted: 28/02/2024
Equity release is increasingly being explored by the middle classes when looking at the proportion of cases by house value, new analysis from Pure Retirement has indicated
Posted: 27/02/2024
The number of affordable options for first-time buyers fell by 40% in 2023, new data from Mortgage Broker Tools (MBT) has indicated
Posted: 27/02/2024
The UK housing market has seen early signs of recovery in 2024, e.surv has said, after buyer demand increased by a third (33%) across the country since December
Posted: 23/02/2024
The Chancellor is planning to introduce a 99% loan-to-value (LTV) mortgage scheme as part of his preparations for the upcoming Budget, the Financial Times has reported
Posted: 22/02/2024
Bridging loan books hit a new record high in the fourth quarter of 2023, according to the latest data published by the Association of Short-Term Lenders (ASTL)
Posted: 21/02/2024
The equity release market has "reasons to be cheerful" as increased product innovation combined with expected base rate cuts and gilt rates moving below 4% provide the foundation for renewed growth, Key Later Life Finance has said
Posted: 21/02/2024
The Government is introducing changes around short-term lets that aim to protect residents from being pushed out of their communities
Posted: 20/02/2024
A total of 29,060 new loans were advanced to borrowers over the age of 55 in the final three months of 2023, a figure down 37.1% year-on-year, new UK Finance data has shown
Posted: 19/02/2024
The average asking price for a new home has increased by 0.9% this month, the latest Rightmove House Price Index has revealed
Posted: 19/02/2024
Three quarters of UK Muslims (76%) believe it is important to have financial products which fit with their religious values, new research from ethical lender StrideUp has indicated
Posted: 19/02/2024
Legal & General Mortgage Club has added alternative and ethical finance provider, StrideUp, to its lender panel
Posted: 16/02/2024
Over a third (35%) of property professional in the UK have said they would like to see the reintroduction of help-to-buy or a Government-led initiative to boost the new build and first-time buyer (FTB) marketplace
Posted: 16/02/2024
The true cost of stamp duty could be 67% higher than the tax bill itself, potentially leaving homebuyers spending thousands of pounds more than they realise
Posted: 15/02/2024
Specialist lender Foundation Home Loans has become a patron of the National Association of Commercial Finance Brokers (NACFB)
Posted: 14/02/2024
The average UK house price in December 2023 fell by 1.4% year-on-year, standing at £285,000, the Office for National Statistics (ONS) has revealed
Posted: 14/02/2024
Confidence among landlords has improved in the last year with many feeling confident about the opportunity for capital gains on their properties, new research published by Foundation Home Loans has indicated
Posted: 13/02/2024
The average two-year fixed mortgage rate significantly fell by 0.37% between January and February, its biggest monthly fall since December 2022
Posted: 12/02/2024
Property sales activity in early 2024 saw a 10% net balance increase among home movers, compared to a -23% drop in December 2023, e.surv has found
Posted: 12/02/2024
House prices in England and Wales fell year-on-year in January by -3.6%, e.surv’s house price index has shown
Posted: 09/02/2024
Mortgage tech provider, Mortgage Brain, has announced the launch of a new partnership with Leeds Building Society
Posted: 09/02/2024
Almost a quarter (23%) of mortgage holders have used credit in the last 12 months to ensure that they can make mortgage payments, StepChange Debt Charity has found
Posted: 08/02/2024
e.surv Chartered Surveyors, the surveying business of the LSL Property Services Group, has entered into a new relationship with the Darlington Building Society
Posted: 08/02/2024
The number of homeowner mortgages in arrears of 2.5% or more of the outstanding balance increased by 7% between the third and fourth quarters of 2023, UK Finance has revealed.
This figure, now standing at 93,680, is a 25% increase year-on-year
Posted: 08/02/2024
April Mortgages has launched a unique five to 15-year fixed rate remortgage product with HLP and Stonebridge
Posted: 08/02/2024
TMA Mortgage Club has announced the addition of Penrith Building Society to its lending panel
Posted: 08/02/2024
Seven in 10 (69%) millennials remain defiant over their homeownership plans for the next five to 10 years despite rising house prices, research by Together has indicated
Posted: 07/02/2024
The average UK house price climbed by 1.3% in January compared to December’s average, the latest Halifax House Price Index has indicated
Posted: 07/02/2024
Fintech CRM platform 360 Dotnet has announced a new collaboration with technology provider, Mortgage Brain
Posted: 06/02/2024
Over two thirds of potential self-builders (69%) do not know that mortgage lenders will allow them to borrow to purchase land where planning permission has been granted
Posted: 06/02/2024
Three in four mortgage intermediaries (74%) are now feeling confident about the outlook for mortgage market, according to new research published by the Intermediary Mortgage Lenders Association (IMLA)
Posted: 05/02/2024
Six in 10 landlords have witnessed increased tenant demand for their properties in the final quarter of 2023, Paragon Bank has revealed
Posted: 02/02/2024
Paradigm has announced that it has added residential and commercial bridging loan provider, TAB, to its lender panel
Posted: 02/02/2024
Annual lending in the equity release market totalled £2.6bn in 2023, a level significantly down on the record breaking £6.2bn in 2022
Posted: 01/02/2024
Over a million households in the UK are expected to face an increase in their mortgage rates before the General Election if it is held in November, the Liberal Democrats party have warned
Posted: 01/02/2024
Mortgage and protection network, Rosemount Financial Solutions (IFA), has announced a partnership with conveyancing panel, SortRefer
Posted: 01/02/2024
Mortgage and insurance network, Stonebridge, has renewed its partnership later life adviser, Viva Retirement Solutions
Posted: 31/01/2024
Almost two-thirds (63%) of mortgage completions are now conducted by joint first-time buyers, Halifax has found
Posted: 31/01/2024
The number of residential property transactions fell by an annual 20% in December, according to new HMRC figures
Posted: 31/01/2024
Nottingham Building Society has announced a new partnership with Mortgage Broker Tools (MBT)
Posted: 31/01/2024
House prices in the UK increased by 0.7% between December 2023 and January 2024, the Nationwide house price index has revealed
Posted: 31/01/2024
Pure Retirement has been announced as the latest lender to join the Intermediary Mortgage Lenders Association (IMLA)
Posted: 31/01/2024
UK homeowners repaid a net £800m in December, compared to net zero in November, according to new figures published by the Bank of England
Posted: 30/01/2024
A third (33%) of Gen Z believe that property will be their main source of wealth in retirement, according to Standard Life
Posted: 30/01/2024
The number of first-time buyers aged 50 and over has increased by 30% in the last five years, making it one of the fast-growing segments of the FTB market, Tembo has found
Posted: 29/01/2024
The average UK house price fell by 0.8% on annual basis in the year to December 2023, the latest Zoopla House Price Index has indicated
Posted: 29/01/2024
Nearly one in three (28%) people have considered moving to a cheaper area to reduce housing costs as a result of the cost of living crisis, Pepper Money has found
Posted: 29/01/2024
Close to half of mortgage brokers (49%) are anticipating to place more limited company buy-to-let (BTL) business throughout the next year, Paragon Bank research has shown
Posted: 23/01/2024
Buy-to-let intermediary firm, Mortgages for Business, has announced a rebrand and will now be known as Mortgage Finance Brokers
Posted: 18/01/2024
Mortgage defaults and missed payments on credit cards and loans both saw significant surges at the end of the year, new analysis by the Bank of England (BoE) has shown
Posted: 18/01/2024
Home improvements continued to be the primary reason that new equity release customers took out a lifetime mortgage last year, new data from Legal & General Home Finance has shown
Posted: 17/01/2024
Annual house price growth in the UK slowed to -2.1% in the year to November, according to the latest UK House Price Index published by the Office for National Statistics (ONS)
Posted: 17/01/2024
Wales recorded a 2.2% increase in rental yields year-on-year, with average yields reaching 8.9% in the fourth quarter of 2023, Fleet Mortgages has found
Posted: 17/01/2024
The average price of property coming onto the market for sale has increased by 1.3% in January, according to the latest Rightmove House Price Index
Posted: 15/01/2024
Over a quarter (28%) of UK landlords believe that flats in cities were the best investments over the last 12 months, Shawbrook Bank has found
Posted: 15/01/2024
The decline in annual house price growth across England and Wales is easing, new data published by e.surv has indicated
Posted: 10/01/2024
Legal & General Mortgage Club has added a range of long-term fixed-rate mortgages from Perenna to its lender panel
Posted: 10/01/2024
The average mortgage rates on two and five-year fixed rate deals fell for the fifth consecutive month between December and the start of January, Moneyfacts has found
Posted: 09/01/2024
LendInvest has sold its non-risk retention residual economic interest in the Mortimer BTL 2023-1 securitisation for a consideration of £5m
Posted: 08/01/2024
Average house prices in the UK increased by 1.1% month-on-month in December, the third consecutive month to record house price rises, Halifax has found
Posted: 05/01/2024
Homeowners coming to the end of a fixed rate mortgage term could see the cost of their monthly mortgage repayments climb by 222%, forecasts from Octane Capital have suggested
Posted: 04/01/2024
Mortgage approvals in November 2023 hit the highest rate recorded since July, sitting at 50,067 for the month, the Bank of England (BoE) has found
Posted: 04/01/2024
Three quarters of residential buy-to-let landlords (74%) feel confident about the performance of the property market over the next 12 months, according to research from The Mortgage Lender (TML)
Posted: 03/01/2024
Buyer demand across England crept up by 0.3% in the final quarter of 2023, but remained -6.7% lower compared to Q4 2022, GetAgent.co.uk has found
Posted: 03/01/2024
Mortgage searches by first-time buyers were down 39.6% across the UK in December compared to November’s total, new statistics published by Twenty7tec have revealed
Posted: 03/01/2024
Over a quarter of Gen X (born between 1965-1980) are not confident that they will pay off their mortgage before age 67, Just Group has found
Posted: 03/01/2024
House prices in the UK fell by -1.8% over the course of 2023, with Scotland and Northern Ireland being the only regions to record house price growth in the 12 months to the end of December, Nationwide has found
Posted: 02/01/2024
Gross mortgage lending fell by 28% in 2023 to total £225.5bn, according to figures from the Intermediary Mortgage Lenders Association (IMLA).
Within the total, lending for house purchase fell 30% to £135bn and remortgaging declined by 24% to £82bn
Posted: 21/12/2023
The number of searches by brokers for products accepting gifted deposits jumped by 10% month-on-month, Legal & General (L&G) Ignite has found
Posted: 21/12/2023
Annual house price growth slipped to -1.2% in October, down from a revised -0.6% for the year to September, according to the latest UK House Price Index published by the Office for National Statistics (ONS)
Posted: 20/12/2023
A rapid rebound in mortgage activity or house prices in 2024 is “unlikely”, according to Nationwide
Posted: 18/12/2023
Two thirds (65%) of private landlords in the UK have said they are optimistic about the future performance of their property investments, research by Butterfield Mortgages has revealed
Posted: 18/12/2023
Market Financial Solutions (MFS) has been added to TMA Club’s panel of lenders
Posted: 15/12/2023
Over four in five brokers believe that business development managers (BDMs) are playing a vital role in the mortgage industry, research from Smart Money People has indicated
Posted: 14/12/2023
The share of gross mortgage advances for buy-to-let purposes, including house purchase, remortgage and further advance, decreased by 0.7% in the previous quarter, now standing at 7.5%, the lowest figure since Q3 2010, the Bank of England has revealed
Posted: 12/12/2023
The average rates on all loan-to-value (LTV) tiers across two and five-year fixed mortgages has fallen for a fourth consecutive month, data from Moneyfacts has revealed
Posted: 11/12/2023
Gross mortgage lending is predicted to fall by a further 5% to £215bn in 2024, new forecasts from UK Finance have indicated.
The banking body has also estimated that lending for house purchase will decline by 8% to £120bn, while external remortgaging activity is to also fall by a further 8% to £60bn
Posted: 11/12/2023
House prices have dropped by a further -1.9% month-on-month in December, with the average asking price for a property in the UK standing at £355,177, Rightmove’s house price index has revealed
Posted: 11/12/2023
Transactions by first-time buyers have remained steady in the past year, accounting for 29% of purchases, compared to 31% over the past 10 years, an e.surv survey has found
Posted: 08/12/2023
One Mortgage System (OMS) has fully integrated with Insurtech firm, UnderwriteMe, to improve its protection and life insurance offering
Posted: 07/12/2023
Borrowing costs for landlords with buy-to-let (BTL) mortgages are anticipated to soar by as much as 80% as they face refinancing off of historically low fixed rates
Posted: 07/12/2023
The average UK house price increased for a second month in a row and climbed by 0.5% in November, the latest Halifax House Price Index has shown
Posted: 07/12/2023
More than a quarter of private landlords in the UK are planning to increase the size of their property portfolios in the next year, according to new research from Butterfield Mortgages
Posted: 06/12/2023
Three in four (76%) landlords in the UK have increased their rent in the past year, with the main reason being to cover higher mortgage costs, according to the latest survey by Landbay
Posted: 06/12/2023
An estimated 900,000 people who have experienced adverse credit are intending to purchase a property in the next year, research from Pepper Money has indicated
Posted: 04/12/2023
House prices have seen a further increase in November, rising by 0.2% month-on-month, Nationwide has found
Posted: 01/12/2023
The seasonal estimate of UK residential transactions in October 2023 was 82,910, a 21% drop compared to last year, HMRC has revealed
Posted: 30/11/2023
Remortgaging landlords are demonstrating a restored confidence in fixed rate mortgages, new research from Landbay has indicated
Posted: 30/11/2023
Overall satisfaction with lenders among the mortgage broker community has fallen slightly, new research published by Smart Money People has revealed
Posted: 29/11/2023
Homebuyers are securing an average of £18,000 off their next home in order to confirm a sale, the latest Zoopla House Price Index has suggested
Posted: 28/11/2023
The average rate on a lifetime mortgage has fallen to 7.13%, down from 7.33% at the start of November, new data published by Moneyfacts has shown
Posted: 27/11/2023
The Intermediary Mortgage Lenders Association (IMLA) has appointed Richard Beardshaw as its management committee chair for 2024/25
Posted: 24/11/2023
SimplyBiz Mortgages has confirmed the addition of Market Financial Solutions (MFS) to its lender panel with immediate effect
Posted: 21/11/2023
Confidence among landlords rebounded in the third quarter new research published by Paragon Bank has indicated, with optimism around the landlord community now higher than at the same period last year
Posted: 20/11/2023
The average number of mortgage cases placed by intermediaries on an annual basis remained broadly stable at 92 per year in Q3, compared to 93 in Q2, the Intermediary Mortgage Lenders Association (IMLA) has revealed
Posted: 16/11/2023
One in three (32%) people between the ages of 50 and 79 would consider themselves vulnerable, a new study from LiveMore has indicated
Posted: 16/11/2023
House prices in the UK have dropped by 0.1% in the year to September 2023, down from an increase of 0.8% in August, the Office for National Statistics (ONS) has found
Posted: 15/11/2023
finova Payment and Mortgage Services has announced the addition of Bath Building Society to its lender panel, expanding its range of products available to club members
Posted: 13/11/2023
The average asking price for new homes on the market fell by £6,088 in November, according to the latest Rightmove House Price Index
Posted: 13/11/2023
Over seven in 10 landlords (71%) saw rising levels of tenant demand during the third quarter of the year, a new record high, new Paragon Bank research has revealed
Posted: 10/11/2023
Legal & General Mortgage Club has announced the addition of Selina Finance to its lender panel
Posted: 09/11/2023
The number of homeowner and buy-to-let (BTL) mortgages in arrears has risen broadly in line with UK Finance forecasts for 2023, new data from the banking body has shown
Posted: 09/11/2023
House prices have fallen again in October, with the average house price in the UK now standing at £362,777, the e.surv house price index (HPI) has found
Posted: 09/11/2023
Searches on behalf of first-time buyers, first-time landlords and non-owner occupiers increased by 13% in October, as the mortgage market held "strong" across the board despite wider economic uncertainty, Legal & General (L&G) Ignite has said
Posted: 08/11/2023
The UK’s average house price jumped by 1.1% in October, following a fall of 0.3% in September, the latest Halifax House Price Index has revealed
Posted: 07/11/2023
Two thirds of buy-to-let (BTL) landlords (66%) are not intending to sell any of their property in the next 12 months, new research from Landbay has indicated
Posted: 07/11/2023
A third (33%) of landlords who own their rental company in their personal name are planning to incorporate their portfolio into a limited company structure, Paragon Bank has found
Posted: 06/11/2023
Two in five (40%) advisers would say their firm has seen an increase in protection conversations with customers as a result of the Financial Conduct Authority’s (FCA’s) Consumer Duty
Posted: 02/11/2023
Borrowers and lenders are continuing to be challenged in the financial landscape, Knowledge Bank has said
Posted: 02/11/2023
The value of the first-time buyer (FTB) economy, in terms of both lending and spending, is set to reach a total of £74.1bn by 2025
Posted: 01/11/2023
House prices in the UK registered a 0.9% month-on-month increase in October, the latest Nationwide House Price Index has indicated
Posted: 01/11/2023
The number of residential property transactions in September has been estimated at 85,610, a drop of 17% compared to a year previously, HM Revenue and Customs (HMRC) has found
Posted: 31/10/2023
Net mortgage approvals in September stood at 43,000, the lowest figure since January 2023, the Bank of England (BoE) has found
Posted: 30/10/2023
Three quarters (75%) of buy-to-let landlords have said they have either increased rents during the past year (40%) or intend to do so in the near future (35%), as a result of rising costs
Posted: 30/10/2023
Nearly a third (32%) of buy-to-let (BTL) landlords intend to buy property in the next 12 months, Landbay has revealed
Posted: 26/10/2023
TAB has completed a private securitisation facility with NatWest and Atalaya Capital Management of up to £300m to support its lending products
Posted: 24/10/2023
The Society of Mortgage Professionals (SMP) has announced Amanda Bryden, head of Halifax Intermediaries and Scottish Widows Bank, Lloyds Banking Group, as its newest board member
Posted: 24/10/2023
The Government is considering extending its mortgage guarantee scheme as part of measures to help first-time buyers in the upcoming Autumn Statement
Posted: 23/10/2023
Average rental yields in England Wales have increased by 1% in Q3 to 6.9%, new research from Fleet Mortgages has indicated
Posted: 19/10/2023
Annual house price growth in the UK slowed to 0.2% in the year to August, the latest UK House Price Index from the Office for National Statistics (ONS) has shown
Posted: 18/10/2023
Mortgage holders are paying back record amounts of debt in the higher interest rate environment, the Equity Release Council has found
Posted: 18/10/2023
Searches for interest-only mortgages jumped by over half (51%) in September, with first-time buyers and existing homeowners showing high levels of engagement in the mortgage market, Legal & General (L&G) Ignite has found
Posted: 16/10/2023
Mortgage broker L&C Mortgages has announced the launch of a new specialist mortgage partnership with Brilliant Solutions
Posted: 16/10/2023
Property prices in the UK have fallen annually by 4.7% in September, compared to a 4.5% drop in August, the Halifax house price index (HPI) has found
Posted: 06/10/2023
Nearly one in five (18%) parents and grandparents who have helped their family members get onto the property ladder used their own property wealth to do so, Legal & General (L&G) has found
Posted: 05/10/2023
Almost half (47.3%) of September’s mortgage searches on Twenty7tec’s platform were for two-year fixes, analysis by the firm has found
Posted: 03/10/2023
Orbis Protect has been announced as the latest organisation to join the Association of Short-Term Lenders (ASTL) as an associate member
Posted: 03/10/2023
Over two-fifths (44%) of mortgage advisers have seen an increase in enquiries about interest-only mortgages in the past year, Opinium has found
Posted: 02/10/2023
House prices failed to grow month-on-month in September, as prices fell by 5.3% on an annual basis, Nationwide’s house price index (HPI) has found
Posted: 02/10/2023
The number of property transactions in the UK rose by just 1% in August compared to the previous month, HM Revenue and Customs (HMRC) has found
Posted: 29/09/2023
The number of mortgage approvals fell again in August to record its lowest level in six months, new Bank of England (BoE) figures have revealed
Posted: 29/09/2023
Demand for homes has increased for the first time since spring, with 12% more buyers in the market over the last four weeks, Zoopla’s house price index (HPI) has found
Posted: 28/09/2023
The number of first-time buyers is down 22% between January and August 2023, compared to the same period last year, the Halifax first-time buyer review has found
Posted: 27/09/2023
The most popular searches that brokers carried out on behalf of clients in August continued to centre around ‘missed or late payments’, Knowledge Bank has found
Posted: 26/09/2023
Prospective homebuyers are placing increasing importance on the energy efficiency of the property they are buying, according to new research from Mortgage Advice Bureau
Posted: 26/09/2023
The Mortgage Industry Mental Health Charter (MIMHC) has created a new steering group to oversee the charter’s ongoing development and to work alongside the co-founders to evolve the mental wellbeing support being offered
Posted: 22/09/2023
Aspiring homeowners in the UK are becoming more reliant on the “bank of family” in order to support their house purchases, new data from Legal & General (L&G) and the Centre for Economics and Business Research (CEBR) has found.
Posted: 21/09/2023
The annual rate of UK house price growth slowed to 0.6% in the year to July, down from 1.9% in the 12 months to June
Posted: 20/09/2023
Buy-to-let (BTL) landlords in England and Wales have seen an increase of 8.7% in their rental portfolio income in the past 12 months, Benham and Reeves has found
Posted: 19/09/2023
The average asking price of newly marketed properties increased by 0.4% in August to £366,281, new data published by Rightmove has shown
Posted: 18/09/2023
More than seven in 10 landlords (71%) would say they are unlikely to buy a property which has an energy performance certificate (EPC) rating of less than C, new research from Foundation Home Loans has indicated
Posted: 18/09/2023
Nearly four in five (78%) homeowners aged between 50 and 80 have said they are feeling the effects of the cost of living crisis, research by LiveMore has found
Posted: 18/09/2023
Almost 400 misleading promotions concerning later life mortgages have been removed or amended following a review by the Financial Conduct Authority (FCA)
Posted: 14/09/2023
The value of outstanding mortgage balances with arrears climbed by 13% over the second quarter to total £16.9bn, new figures released by the Bank of England (BoE) have shown
Posted: 12/09/2023
StrideUp has been added to TMA Club’s lender panel, allowing for TMA member firms to access StrideUp products to get people on the property ladder
Posted: 12/09/2023
Average house price growth has fallen for the first time since March 2012, reducing by -1.3% in August, e.surv has found
Posted: 11/09/2023
Legal & General (L&G) Mortgage Club has added Market Financial Solutions (MFS) to its lender panel, giving advisers access to the full MFS specialist product range
Posted: 08/09/2023
August has seen a 35% increase in the number of searches for borrowers using gifted deposits, the latest data from Legal & General (L&G) Ignite has revealed
Posted: 07/09/2023
One Mortgage System (OMS) has announced a new partnership with Legal & General (L&G) Mortgage Club
Posted: 07/09/2023
UK house prices have fallen by 4.6% year-on-year in August, the largest annual decline since 2009, the Halifax house price index (HPI) has found
Posted: 07/09/2023
Three quarters of landlords (74%) who intend to purchase a new rental property in the next year will utilise a limited company structure, a new record high
Posted: 07/09/2023
Three new signatory companies from the mortgage sector have joined the Mortgage Industry Mental Health Charter (MIMHC)
Posted: 06/09/2023
The number of people using funds from their 50+ mortgage for debt consolidation has doubled in the last year, according to data published by Hodge
Posted: 05/09/2023
Pegasus Insight, a recently established professional research services consultancy firm, has become the latest associate member of the Intermediary Mortgage Lenders Association (IMLA)
Posted: 04/09/2023
House prices in the UK have decreased by 0.8% month-on-month in August, Nationwide’s house price index (HPI) has found
Posted: 1/9/2023
Net borrowing of mortgage debt by individuals has increased for the third consecutive month, rising to £200m in July compared to £100m in June, the Bank of England’s (BoE) money and credit report has found
Posted: 30/8/2023
Property sales in the UK have fallen by 22% from the start of the year to August compared to the same period in 2022, Zoopla’s house price index (HPI) has found
Posted: 30/8/2023
Nearly seven in 10 (69%) of mortgage applicant have said that brokers are essential for navigating the current market, the latest research from Market Financial Solutions (MFS) has found
Posted: 29/08/2023
Three in 10 UK homeowners (30%) approaching the end of their fixed mortgage deals are taking extra work to boost their savings ahead of repayment rises, according to new research by Indeed Flex
Posted: 25/08/2023
More than half (52%) of prospective homebuyers believe the current economic climate has impacted who they plan on buying a property with, and with who they might have to share their property
Posted: 24/08/2023
Searches for interest-only mortgages have made a comeback in July, following the introduction of the mortgage charter and the fourteenth consecutive rise in the BoE’s base rate, Knowledge Bank’s July criteria index has found.
Posted: 24/08/2023
The looming fixed rate mortgage “crunch” could force over-55s back into work as affordability worries build, new research from Key Later Life Finance has suggested
Posted: 23/08/2023
The Association of Mortgage Intermediaries (AMI) is calling on mortgage advisers to complete a short survey
Posted: 22/08/2023
Two thirds of landlords (67%) across the UK have reported increasing levels of tenant demand during Q2, a figure unchanged from Q1 this year and an equal record high, new research published by Paragon Bank has indicated
Posted: 22/08/2023
The average asking price for newly marketed properties has dropped by 1.9% in August to £364,895, new figures published by Rightmove have shown
Posted: 21/08/2023
Almost half (44%) of all equity release applications in the first three months of 2023 were in relation to remortgaging, Equifax has found
Posted: 21/08/2023
Homeowners on a standard variable rate (SVR) mortgage could save up to £257 a month by switching to a fixed rate repayment mortgage deal, the equivalent of £3,084 a year, Compare the Market analysis has found
Posted: 21/08/2023
Average house prices in Scotland have risen again for the third consecutive month, with the average price standing at £224,249 in June 2023, a monthly increase of 0.4%
Posted: 17/08/2023
Market Harborough Building Society (BS) has been added to PMS Mortgage Club’s lender panel
Posted: 16/08/2023
Annual house price growth slowed to 1.7% in the 12 months to June, the Office for National Statistics (ONS) has revealed, down from 1.8% in the year to May
Posted: 16/08/2023
Two trade bodies which launched a mortgage mentoring scheme are calling for more mentees to sign up and take advantage of the mentor experience available
Posted: 16/08/2023
A quarter (25%) of UK adults who have a mortgage have switched to a fixed rate product in the past 12 months, Butterfield Mortgages has found
Posted: 15/08/2023
Mortgage intermediaries were upbeat about the outlook of the mortgage sector in Q2, according to new research from the Intermediary Mortgage Lenders Association (IMLA)
Posted: 15/08/2023
Interest-only and part-interest-only mortgage levels have halved since 2015, with just under a million now left outstanding in the UK, new analysis by the Financial Conduct Authority (FCA) has indicated
Posted: 15/08/2023
Annual house prices in the UK have grown 0.3% in July 2023, the lowest growth rate since March 2012, e.surv has found
Posted: 11/08/2023
Interest rate policy to tackle inflation, clients demolishing their mortgaged property and options for brokers looking to go self-employed were the top three talked about topics on the Cherry adviser forum in July
Posted: 10/08/2023
The level of UK homeowners with mortgages in arrears jumped in the second quarter, new UK Finance data has indicated
Posted: 10/08/2023
Mortgage approval levels are expected to decline by 11% annually come the end of 2023, Octane Capital has said
Posted: 10/08/2023
The top three searches by directly authorised (DA) brokers in Q2 2023 were related to residential adverse credit, residential income support and residential foreign national service, TMA Club has revealed
Posted: 09/08/2023
Homebuyers that want a “room with a view” in London are facing house price premiums of up to 140%, the latest research by Benham and Reeves has found
Posted: 09/08/2023
People who are looking to buy a new home in the next two years are aiming to save over £11,500 more for a deposit, the Mortgage Advice Bureau (MAB) has found
Posted: 08/08/2023
House prices have fallen by 0.4% month-on-month in July, which is the fourth consecutive monthly fall in prices reported in the Halifax House Price Index (HPI)
Posted: 07/08/2023
Bridging loan books registered a 5% increase in the second quarter, totalling an all-time high of £7.1bn, according to new data from the Association of Short-Term Lenders (ASTL)
Posted: 07/08/2023
Legal & General (L&G) Home Finance has announced that it has enhanced its lifetime mortgage range in response to customer needs and adviser feedback
Posted: 04/08/2023
The Association of Short-Term Lenders (ASTL) has announced that One Mortgage System (OMS) has become the latest firm to join as an associate member
Posted: 04/08/2023
House prices dropped by 3.8% in July compared to a year previously, the Nationwide House Price Index (HPI) has found
Posted: 01/08/2023
Lending in the second charge space registered an increase of 14% in June to total £144.5m, according to the latest Secured Loan Index published by Loans Warehouse
Posted: 01/08/2023
The number of mortgage approvals across the market totalled an estimated 54,700 in June, the highest since October last year, according to figure from the Bank of England (BoE)
Posted: 31/07/2023
UK residential transactions have increased by 6% in June 2023 compared to May, HM Revenue and Customs (HMRC) has stated in its monthly property transactions data
Posted: 28/7/2023
Over half (53%) of customers have released additional funds from a lifetime mortgage for home improvements, Legal & General (L&G) Home Finance has found
Posted: 27/07/2023
Almost two in 10 (18%) of buy-to-let (BTL) landlords have said that they will not raise rents for their tenants if their own mortgage rate increases when they come to remortgage, Landbay has found
Posted: 26/07/2023
Over half (52%) of UK adults have stated that they are opposed to a taxpayer-bailout for mortgage holders, despite six in 10 mortgage holders worrying about making their repayments, a survey by Opinium has found
Posted: 25/07/2023
‘Maximum age at end of term’ was the most searched term by brokers in the residential sector in June, Knowledge Bank data has shown
Posted: 25/07/2023
Half (50%) of UK adults who have applied for a mortgage in the last year have had their desired product withdrawn by their lender before they could secure it, Market Financial Solutions (MFS) has found
Posted: 25/07/2023
Sales subject to contract (SSTC) volumes have fallen by 30% in the last quarter compared to Q2 2019, Landmark Information Group has found
Posted: 24/07/2023
The number of people taking out mortgages with terms of 35 years or more has doubled and hit a high of 88,059 in 2022
Posted: 24/07/2023
Annual rental yields have increased for the second quarter in a row in England and Wales, increasing to 6.3% from 5.6% a year ago, Fleet Mortgages has found
Posted: 21/07/2023
Two thirds (66%) of mortgage holders believe that lenders need to be more flexible in the economic climate, research by Butterfield Mortgages has revealed
Posted: 20/07/2023
Later life lending customers are now twice as likely to involve their families in the equity release process post-pandemic (44%) compared to pre-pandemic (19%), new research from more2life has indicated
Posted: 20/07/2023
Annual house price growth slowed to 1.9% in the year to May, according to the latest UK House Price Index published by the Office for National Statistics (ONS)
Posted: 19/07/2023
Almost half (46%) of people over the age of 55 who are paying off mortgages are worried about rising rates, continuing to meet repayments and how to pay their loans off in full, research by PensionBee has found
Posted: 18/07/2023
Nearly nine in 10 (86%) of mortgages purchased under the mortgage guarantee scheme have been bought by first-time buyers, the latest research by the Treasury has shown
Posted: 18/07/2023
Three quarters of property professionals are confident that 2024 market conditions will be no worse than those experienced in 2023, new research from Countrywide Surveying Services (CSS) has suggested
Posted: 18/07/2023
The number of first-time buyer mortgage products has fallen by over a quarter since the end of Q1 2023, Barrows and Forrester's latest research has found
Posted: 18/07/2023
Nearly two thirds (64%) of buy-to-let (BTL) landlords have stated that they are not planning on selling any of their properties in the next 12 months, the latest research from Landbay has found
Posted: 17/07/2023
Smartr365 has announced an imminent partnership with a major mortgage lender, which is set to take the platform to 62% market coverage by volume
Posted: 14/07/2023
Searches for interest only mortgages saw a 53% rise in June as borrowers looked to reduce their monthly costs, Legal & General (L&G) has found
Posted: 14/07/2023
Intermediary platform, Acre, has reported a sharp increase in mortgage volume on the platform in the first six months of 2023
Posted: 13/07/2023
Some mortgage lenders have reduced the loan size they offer to customers by 19%, according to analysis by Mortgage Broker Tools (MBT)
Posted: 13/07/2023
The Intermediary Mortgage Lenders Association (IMLA) and the Association of Mortgage Intermediaries (AMI) have published an online guide to explain the different types of funding used by mortgage lenders
Posted: 12/07/2023
Greater London has seen a return to a positive rate of growth in the housing market, following a fall of -1.4% in April, e.surv has found
Posted: 11/07/2023
The average mortgage rate on a two-year fixed deal has now surpassed the peak in the aftermath of the mini-Budget last September.
Data published by Moneyfacts has shown that mortgage costs have now hit their highest level for 15 years
Posted: 11/07/2023
The annual house price growth in the UK has continued to fall, dropping to -2.6% in June from -1.1% in May, the Halifax House Price Index has found
Posted: 7/7/2023
UK houses prices are currently sitting at nearly nine times the average earnings, making it the hardest time to look at climbing the housing ladder in decades, House Buyer Bureau has found.
Posted: 5/7/2023
The average mortgage rate for a five-year fixed deal has risen to 6.01%, Moneyfacts has revealed.
Posted: 4/7/2023
LendInvest has announced a £500m investment with Chetwood Financial to fund part of its future mortgage originations of buy-to-let (BTL) and residential mortgage products.
Posted: 3/7/2023
The provisional seasonally adjusted estimate of UK residential transactions has fallen by 3% in May compared to April, to 80,020, HM Revenue and Customs (HMRC) has revealed
Posted: 30/06/2023
Mortgage and specialist loan provider, Together Financial Services, has announced the pricing of its £425.5m first charge only residential mortgage-backed securitisation (RMBS)
Posted: 30/06/2023
House prices in the UK have remained stable in June compared to May 2023, although annual growth is yet to recover, with house prices falling by 3.5% in June 2023 compared to June 2022, the Nationwide house price index has found.
The report also found that in Q2 2023, all regions in the UK, other than Northern Ireland, recorded a drop in house prices
Posted: 30/06/2023
Net mortgage approvals for house purchases increased in May compared to April, to 50,500 from 49,000 respectively, the Bank of England (BoE) has revealed
Posted: 29/06/2023
An increasing number of UK homeowners are reassessing their mortgage options due to the recent rise in interest rates, data from Legal & General’s (L&G) SmartrFit affordability tool has revealed.
Posted: 29/06/2023
Mortgage Brain has announced that it has become a signatory of the Mortgage Industry Mental Health Charter (MIMHC)
Posted: 29/06/2023
Paradigm has announced the launch of a new mortgage lender product withdrawals directory for intermediary firms
Posted: 28/06/2023
The Association of Mortgage Intermediaries (AMI) has released an ideas document on the back of its five-point plan, which was launched last year
Posted: 28/06/2023
Lenders representing an estimated 85% of the mortgage market have signed up to a Mortgage Charter that is being introduced by the Government to help struggling borrowers
Posted: 27/06/2023
Almost half of mortgage brokers (49%) have said that they expect the volume of buy-to-let portfolio limited company lending they write to increase over the next 12 months, Paragon Bank has revealed.
Posted: 27/06/2023
One in 10 mortgage holders in the UK (10%) have revealed that they won’t be able to afford their mortgage payments if the cost of living continues to rise, according to new findings published by research agency, Opinium
Posted: 27/06/2023
Nearly eight in 10 middle-class parents (79%) have said that they are financially supporting their adult children, the Saltus Wealth Index report has found.
Posted: 26/06/2023
More than one in six people (17%) expect that they will be repaying their mortgage when they are over the age of 65, research from Hargreaves Lansdown has found.
Posted: 26/06/2023
UK mortgage lenders have met with the Chancellor and agreed to offer more flexibility to homeowners struggling to cope with soaring interest rates
Posted: 23/06/2023
Loughborough Building Society has been added to the Legal & General (L&G) Mortgage Club’s lender panel, giving its directly authorised advisers a wider range of specialist mortgage products, including residential and buy-to-let (BTL) options
Posted: 23/06/2023
There has been a recent increase in broker satisfaction with lenders across the mortgage market, new research from Smart MonePeople has indicated
Posted: 22/06/2023
May has seen an increase in the number of searches related to delayed and missed mortgage payments, according to Knowledge Bank’s data from the residential mortgage sector
Posted: 22/06/2023
Fixed rate two-year buy-to-let mortgages have seen a further growth in popularity in the first quarter of 2023, increasing by 8% from December 2022, according to the latest landlord survey by Landbay
Posted: 22/06/2023
Experian has launched its new open banking solution with Nationwide Building Society on Smartr365, following a successful pilot scheme.
Posted: 21/06/2023
Annual house price growth slowed to 3.5% in the year to April, according to the latest UK House Price Index from the Office for National Statistics (ONS)
Posted: 21/06/2023
Property portal, OnTheMarket, has launched a new umbrella brand, OnTheMarket Money, to provide consumers with access to financial services and other products associated with the home moving process
Posted: 20/06/2023
A new paraplanning service has been launched by mortgage and protection firm, Access Financial Services (Access FS), to support its advisers in providing exceptional outcomes for clients.
Posted: 20/06/2023
The Cambridge Building Society has joined SimplyBiz Mortgages as part of its lender panel
Posted: 20/06/2023
New special products have been launched by intermediary-only specialist lender, Foundation Home Loans, for its owner-occupied and buy-to-let (BTL) offerings
Posted: 20/06/2023
Landlords who improve the Energy Performance Certificate (EPC) rating of their property are set to be rewarded with a £1,000 cashback payment in a new limited edition product feature by Fleet Mortgages
Posted: 20/06/2023
Average new seller asking prices fell by £82 (-0.0%) this month to £372,812, the first monthly drop in new asking prices this year, according to the latest Rightmove House Price Index
Posted: 19/06/2023
A quarter of homeowners (26%) have said that they will not be able to afford their mortgage if interest rates go up again, research by data platform, Moneyhub Decisioning, has found
Posted: 19/06/2023
Proptech company, Propflo, has partnered with Energy Performance Certificate (EPC) provider, Propcert, in a move to support lenders in decarbonising their mortgage portfolios and reach net-zero targets
Posted: 19/06/2023
Mortgage platform, Landbay, has joined the panel of Richdale Brokers & Financial Services’ network, giving its intermediary members access to the buy-to-let specialist lender’s range of mortgage products
Posted: 19/06/2023
Only 3,156 retirement interest-only mortgage (RIOM) sales took place in 2022, which is just over 10% of the Financial Conduct Authority’s (FCA) current annual target.
Posted: 16/6/2023
National firm of chartered surveyors, e.surv, has announced an extension and expansion of its relationship with mortgage lender, Virgin Money
Posted: 16/06/2023
Landlords’ net profits slipped below 4% in Q1 this year, marking a significant shift in finances for mortgaged buy-to-let (BTL) buyers, according to research from property firm, Savills
Posted: 15/06/2023
Brokers have been encouraged to integrate with their local communities by hosting mortgage clinics to provide the full suite of support available, by the national brokerage, Just Mortgages
Posted: 15/06/2023
Annual house price growth in Scotland registered a small jump in April, rising to 1.5% from 1.4%, and putting a halt to four consecutive months of falls
Posted: 14/06/2023
Changes to taxes and regulations are having a detrimental effect on landlords and risking many going out of business, a report by the Intermediary Mortgage Lenders Association (IMLA) has found
Posted: 14/06/2023
The value of gross mortgage advances fell by £22.9bn in Q1 2023 compared to the previous quarter, the latest Mortgage Lenders and Administrators Return (MLAR) from the Bank of England (BoE) has found
Posted: 13/06/2023
Over half (54%) of the equity released in properties in Q1 2023 was used for debt management, the latest data from the Mortgage Advice Bureau has found.
Posted: 13/06/2023
Six in 10 landlords are looking to expand their portfolios in the next two years, a recent survey by the Deposit Protection Service (DPS) has found, with 70% of those looking to invest wanting to buy a terraced property as their next purchase
Posted: 12/06/2023
Mortgage Matters Direct (MMD) has established a relationship with mortgage technology provider, Acre, allowing for the MMD team to secure the best solutions for their mortgage customers
Posted: 12/06/2023
The size of the UK mortgage broker market is forecast to increase by 2.3% over 2023, according to analysis by Octane Capital
Posted: 08/06/2023
Four out of five landlords (81%) believe the portrayal of the buy-to-let (BTL) market in the mainstream media has not been fair and accurate, a study by Landbay has found
Posted: 08/06/2023
The Intermediary Mortgage Lenders Association (IMLA) and the Association of Mortgage Intermediaries (AMI) have released statements in response to broker concern around the withdrawal of products across the mortgage market
Posted: 07/06/2023
House price growth stayed flat in May at 0.0% as the rate of annual growth fell into negative territory, according to the latest Halifax House Price Index
Posted: 07/06/2023
A “remortgage nightmare” is facing more than three million people in the UK, Hargreaves Lansdown has warned
Posted: 05/06/2023
The Loans Engine has announced it is now live on Mortgage Brain’s sourcing platform, Sourcing Brain, as a packager partner
Posted: 02/06/2023
Net mortgage approvals for house purchases fell in April to 48,700, down from 51,500 in March, new figures released by the Bank of England (BoE) have indicated
Posted: 01/06/2023
The annual rate of house price growth has slipped further into negative territory, falling back to -3.4% in May, according to the latest Nationwide House Price Index
Posted: 01/06/2023
The average monthly cost of repaying a mortgage has increased by £314 per month (39%) in the last 10 years, with much of this increase (80%) coming in the last five years alone, new research has shown
Posted: 31/05/2023
Only a fifth of UK homeowners believe the Government is doing enough to tackle the UK’s housing crisis, new research from Market Financial Solutions (MFS) has indicated
Posted: 31/05/2023
The number of residential property transactions in the UK fell to 67,220 in April, a 29% drop compared to March’s total, new figures from HMRC have revealed
Posted: 31/05/2023
The average UK house price has now fallen by 1.3% in the last six months, according to the latest Zoopla House Price Index
Posted: 30/05/2023
Belmont Green, which trades as Vida Homeloans, has issued its second residential mortgage-backed security (RMBS) of 2023
Posted: 26/05/2023
Legal & General Mortgage Services has confirmed the full integration of its mortgage research and sourcing platform, SmartrFit, with customer relationship management (CRM) provider, One Mortgage System (OMS)
Posted: 25/05/2023
Annual house price growth slowed again according to the latest UK House Price Index published by the Office for National Statistics (ONS), down to 4.1% in year to March
Posted: 24/05/2023
The value of new equity released from UK properties totalled just £569.9m in the first quarter, significantly down from £1.40bn in Q1 2022.
Posted: 24/05/2023
A total of 76,630 homeowner mortgages were in arrears of 2.5% or more in Q1, a 2% increase on the previous quarterly total, new UK Finance figures have shown
Posted: 18/05/2023
Unconventional borrowing solutions were a top priority for brokers in the first quarter, TMA Club has reported
Posted: 18/05/2023
Three trade associations have confirmed the joint launch of an e-learning programme covering the bridging, short-term finance, development finance and specialist buy-to-let (BTL) markets
Posted: 18/05/2023
First-time buyers could slash their first mortgage term by eight years in England and by over a decade in Scotland and Wales by gifting via equity release
Posted: 17/05/2023
Nationwide has announced it is introducing new 0% green mortgage products to help its members improve the energy efficiency of their homes
Posted: 17/05/2023
Broker searches for capital raising mortgages have been trending upwards in recent months, according to data from Legal & General’s SmartrFit tool
Posted: 16/05/2023
Net mortgage lending is expected to grow by 1.2% in 2023, according to forecasts published by EY
Posted: 15/05/2023
There has been a rise in confidence among mortgage intermediaries for the outlook of the mortgage sector, new research by the Intermediary Mortgage Lenders Association (IMLA) has shown
Posted: 15/05/2023
The number of UK landlords planning to sell rented properties has reached its highest rate on record, new data published the National Residential Landlords Association (NRLA) has indicated
Posted: 15/05/2023
The average house price across England and Wales in April fell slightly to £375,063, a level 0.5% down on March, the latest e.surv House Price Index has indicated
Posted: 12/05/2023
A total of 547,187 property completions have now been supported by the Help to Buy scheme since its launch, new Treasury figures have shown
Posted: 12/05/2023
Four in five landlords (80%) have already carried out some remedial works to properties in response to new energy efficiency requirements, new research has indicated
Posted: 11/05/2023
First-time buyers opting for a 100% mortgage in the current market face a potential monthly repayment £369 higher than those purchasing with just a 15% deposit, analysis by Octane Capital has revealed
Posted: 10/05/2023
Leeds Building Society has become the first UK mortgage provider to partner with Experian and connect to the firm’s free Experian Boost service
Posted: 10/05/2023
An estimated 700,000 households in the UK missed a housing payment in the last month, new research by Which? has indicated
Posted: 09/05/2023
Annual house price inflation slowed to just 0.1% in April, a significant fall from 1.6% in March, according to the latest Halifax House Price Index
Posted: 09/05/2023
Skipton Building Society has announced it is launching the UK’s first 100% loan-to-value (LTV) mortgage aimed exclusively at renters
Posted: 09/05/2023
Two thirds of landlords (67%) experienced increased tenant demand during the first quarter 2023, new analysis from Paragon Bank has indicated
Posted: 05/05/2023
The number of net mortgage approvals for house purchases increased significantly to 52,000 in March, up from 44,100 in February, new Bank of England (BoE) figures have indicated
Posted: 04/05/2023
The total amount of housing equity available to homeowners over the age of 55 now stands at an estimated £616bn, new research by Canada Life has suggested
Posted: 04/05/2023
Mortgage brokers are positive about the outlook for their business volumes in the next 12 months, new research from Pepper Money has indicated, despite the challenging economic environment in the UK
Posted: 03/05/2023
The majority of brokers (54%) believe that only smarter lenders will become more creative and develop more bespoke products, criteria and underwriting based on affordability, new research has found
Posted: 03/05/2023
The average UK house price increased by 0.5% in April, following seven months of successive falls in the housing market
Posted: 02/05/2023
The number of equity release customers has fallen by 29% in Q1 of this year compared to 2022’s level, figures published by the Equity Release Council have revealed.
New and returning customers dipped to a total of 16,691 between January and March, down from 23,395 in Q1 last year
Posted: 28/04/2023
The number of residential property transactions in the UK increased by 26% in March compared to February’s total, new HMRC figures have indicated
Posted: 28/04/2023
PRIMIS Mortgage Network has reported that its product desk helped appointed representative (AR) advisers respond to 7,903 queries in Q1 2023
Posted: 27/04/2023
UK first-time buyers are turning to social media platforms as a source of advice and guidance when it comes to homeownership, research from Wayhome has revealed
Posted: 26/04/2023
The total value of property wealth owned outright by UK over-65s has climbed by £167.02bn over the last 12 months, new figures published by Key Later Life Finance have indicated
Posted: 26/04/2023
Just Mortgages has revealed that 48 new advisers have joined its self-employed division in the first quarter of 2023
Posted: 26/04/2023
A majority 94% of brokers believe that affordability has become even more complex in the last 12 months, new research from Mortgage Broker Tools (MBT) has indicated
Posted: 26/04/2023
The number of voluntary penalty-free partial repayments made by equity release customers increased by 48% last year, a new report from the Equity Release Council has revealed
Posted: 25/04/2023
Lending in the second charge market increased to £135m in March, according to figures reported to Loans Warehouse from second charge lenders
Posted: 25/04/2023
There are currently more than two million potential customers for Right to Buy in England and Wales, new research commissioned by Pepper Money has indicated
Posted: 25/04/2023
Rental yields for landlords across England and Wales increased to 6.5% in the first quarter of 2023, new data published by Fleet Mortgages has indicated
Posted: 24/04/2023
The average price of new property entering the housing market increased by 0.8% in March, the latest Rightmove House Price Index has revealed
Posted: 24/04/2023
Criteria searches made on behalf of first-time buyers jumped by 22% between February and March, according to data from Legal & General’s SmartrFit platform
Posted: 24/04/2023
UK households made £23.3bn worth of mortgage overpayments in 2022, a figure equivalent to £64m per day, figures published by the Equity Release Council have shown
Posted: 19/04/2023
Annual house price growth slowed to 5.5% in the year to February, the latest UK House Price Index from the Office for National Statistics has shown
Posted: 19/04/2023
Specialist real estate lender, Glenhawk, has launched a new sustainability incentive and will now offer an end-of-term discount for borrowers undertaking refurbishments that improve the Energy Performance Certificate (EPC) rating of a property
Posted: 18/04/2023
The total number of mortgage lending transactions has declined by 7.1% since the Bank of England (BoE) first started to increase interest rates in December 2021, analysis by Octane Capital has shown
Posted: 18/04/2023
MQube, the parent company of mortgage lender MPowered Mortgages, has partnered with banking software firm, Thought Machine
Posted: 18/04/2023
End-to-end mortgage platform, Smartr365, has launched an “industry-first” technology to automatically sync procuration fee claim information between itself and Legal & General Mortgage Club’s ClubHub
Posted: 17/04/2023
The number of mortgage market cancellations reached a 10-year high in 2022, amid the flurry of interest rate rises announced by the Bank of England (BoE)
Posted: 13/04/2023
The Association of Mortgage Intermediaries (AMI) has welcomed the 2023/24 fees and levies consultation announced by the Financial Conduct Authority (FCA)
Posted: 13/04/2023
Clear and concise criteria are the most important factors for brokers when it comes to choosing a mortgage lender, a new study by Pepper Money has found
Posted: 13/04/2023
Just Mortgages has urged the mortgage sector to get behind shared ownership and other low deposit schemes to help first-time buyers start their home ownership journeys, following the end of the Help to Buy scheme
Posted: 13/04/2023
Six in 10 landlords support the introduction of a minimum set of property standards for the private rented sector, new research from Paragon Bank has indicated
Posted: 12/04/2023
Customers with adverse credit will find it most challenging to access a mortgage in the next 12 months, a new study by Pepper Money has indicated
Posted: 12/04/2023
More than two in five renters (44%) want to see more cost of living support from the Government to help with general finances and affordability, research from The Mortgage Lender (TML) has indicated
Posted: 12/04/2023
Clydesdale Bank has introduced a number of changes across its residential range including reduced fixed rates and new remortgage deals
Posted: 06/04/2023
The average house price increased by 0.8% in March, following a 1.2% rise in February, according to the latest Halifax house price index
Posted: 06/04/2023
The Association of Mortgage Intermediaries (AMI) has announced it has now completed its annual election process for positions on its board.
Several positions on the trade body’s board, which is based upon a constituency basis, were being contested
Posted: 05/04/2023
Molo Finance has launched a new service to help investors get an offer on their buy-to-let (BTL) mortgage within 24 hours
Posted: 04/04/2023
Half of renters in the UK (50%) who have moved during the past year have seen an increase in their monthly rental payments of between £51 and £200, new research has indicated
Posted: 30/03/2023
The number of mortgage approvals in the UK increased in February, new Bank of England (BoE) data has shown, the first monthly rise in approvals for house purchases since August last year
Posted: 29/03/2023
The government’s progress on improving the energy efficiency of UK homes has been criticised in a report by the National Infrastructure Commission
Posted: 27/03/2023
Stonebridge has become the first mainstream mortgage network to be recognised as an associate firm of the Society of Mortgage Professionals (SMP)
Posted: 27/03/2023
Second charge lending decreased by 8.8% in February to total £95.3m for the month, figures reported directly to Loans Warehouse from second charge lenders have shown
Posted: 24/03/2023
Annual house price growth slowed to 6.3% in the 12 months to January 2023, according to the latest UK House Price Index published by the Office for National Statistics (ONS)
Posted: 22/03/2023
More than nine in every 10 mortgage brokers would say that conveyancers are “a vital part of the property transaction process”, new research from Groundsure has found
Posted: 21/03/2023
The number of residential property transactions across the UK increased by 2% in February compared to January’s total, new figures published by HMRC have indicated
Posted: 21/03/2023
Over four in five landlords (81%) make improvements on every property they add to their portfolio, new research by Paragon Bank has indicated
Posted: 21/03/2023
The average price of property entering the housing market has increased by 0.8% in March, according to the latest Rightmove House Price Index
Posted: 20/03/2023
Seven in 10 second charge mortgage products (70%) were used for debt consolidation purposes in the three months to February, new research published by Evolution Money has shown
Posted: 20/03/2023
Fintech lender, Gen H, has been added to the lender panel of mortgage, protection and compliance services proposition, Paradigm
Posted: 16/03/2023
The Chancellor’s Budget has been criticised by some industry figures for its lack of measures targeting the housing market
Posted: 15/03/2023
Gifts and loans from the Bank of Mum and Dad amounted to a total £8.8bn in 2022, according to new analysis from Savills
Posted: 15/03/2023
The monthly cost of owning a home for first-time buyers is currently 4% lower than the cost of renting the equivalent property, new analysis from Halifax has shown
Posted: 15/03/2023
CHL Mortgages has announced it is to use the new KB PRO system from Knowledge Bank to further improve how its criteria is communicated to mortgage brokers
Posted: 15/03/2023
Two trade associations have confirmed they are launching a targeted education programme for the short-term and specialist lending sector
Posted: 14/03/2023
Lender TAB is reintroducing fixed rates for first charge residential bridging loans
Posted: 13/03/2023
First-time buyers are persisting with Help to Buy purchases ahead of the 31 March cut-off-point, data from Legal & General’s SmartrFit tool has suggested
Posted: 09/03/2023
The Equity Release Council has called for coordinated action from the industry, government and regulators to help consumers plan ahead to enjoy better retirement living standards
Posted: 09/03/2023
more2life has announced a new partnership with property services company, Vibrant, to provide customers with a free Energy Performance Certificate (EPC)
Posted: 09/03/2023
The monthly cost of a new mortgage for the average semi-detached house in the UK increased by 61% in the year to December 2022
Posted: 08/03/2023
More than half of UK mortgage holders (56%) would say the ongoing cost of living crisis has affected their mental health, a study from Dye & Durham has indicated
Posted: 07/03/2023
The annual rate of house price growth has stayed at 2.1% for the third month running, according to the latest Halifax House Price Index
Posted: 07/03/2023
Mortgage and insurance network, Stonebridge, has announced that it achieved a 19% increase in mortgage completions during 2022
Posted: 03/03/2023
The government is facing fresh calls to step in and support the estimated 195,000 mortgage prisoners in the UK, following the publication of a report by the London School of Economics (LSE)
Posted: 02/03/2023
MPowered Mortgages has announced it is launching a new partnership with wealth manager, Quilter
Posted: 02/03/2023
A new “broker’s handbook” has been launched by the Green Finance Institute (GFI) to educate mortgage intermediaries about green home solutions
Posted: 02/03/2023
The number of mortgage approvals across the UK fell to 39,600 in January, marking the fifth running monthly fall in approvals for house purchases
Posted: 01/03/2023
The average UK house price fell by 1.1% in February, the largest annual fall since 2012, according to the latest Nationwide House Price Index
Posted: 01/03/2023
The average UK house price has climbed by 20.4% over the last three years, an increase worth £48,620, new analysis by Halifax has revealed
Posted: 28/02/2023
More than three quarters of landlords expect to opt for a fixed rate deal when it is time for them to remortgage, new research from Landbay has shown
Posted: 28/02/2023
The stock of houses in multiple occupation (HMOs) across England has fallen by 2.4% in the last year, new market analysis by Sirius Property Finance has shown
Posted: 27/02/2023
The total value of all homes across the UK reached a new high of £8.68trn at the end of 2022, new research by Savills has indicated
Posted: 27/02/2023
Home improvements were the main driver for people taking out a lifetime mortgage in 2022, according to new figures from Responsible Life
Posted: 24/02/2023
Over two fifths of UK landlords are still unaware of the upcoming changes to Energy Performance Certificate (EPC) regulations, new research from Market Financial Solutions (MFS) has revealed
Posted: 24/02/2023
The term “shared ownership” is acting as a barrier to the very borrowers it is designed to help, according to Just Mortgages
Posted: 22/02/2023
The number of first-time buyers in the UK fell by 10.6% last year, new research by Wayhome has revealed
Posted: 22/02/2023
The number of residential property transactions in the UK fell to 77,390 in January, new figures published by HMRC have indicated
Posted: 21/02/2023
The average price of new property coming to the housing market increased by just £14 this month, the smallest increase between January and February on record
Posted: 20/02/2023
Mortgage customers are in need of more education about their potential product options ahead of a record year for cessations in the remortgage and product transfer market, SimplyBiz Mortgages has stated
Posted: 17/02/2023
The proportion of landlords experiencing tenants in rental arrears has fallen to its lowest recorded level, research from Paragon Bank has indicated
Posted: 16/02/2023
Over two thirds (68%) of landlords are planning to raise rents if their mortgage rate goes up when they come to remortgage, new research from Landbay has indicated
Posted: 16/02/2023
Criteria searches among mortgage brokers have continued to indicate the impact the cost of living crisis is having on the UK, data published by Knowledge Bank has indicated
Posted: 15/02/2023
Buckinghamshire Building Society has announced that two new partners have joined its exclusive “Platinum Partner Programme”
Posted: 15/02/2023
Annual UK house price growth fell back to 9.8% in the 12 months to December 2022, according to the latest UK House Price Index from the Office for National Statistics (ONS)
Posted: 15/02/2023
More than a quarter (26%) of homeowners are now less likely to implement energy efficiency measures in the next 12 months, due to the cost of living continuing to climb
Posted: 14/02/2023
The second charge loan market has experienced a 2.9% increase at the beginning of 2023, according to the latest Secured Loan Index from Loans Warehouse
Posted: 14/02/2023
Mortgage affordability was a key query among brokers at the end of 2022, according to analysis from PRIMIS Mortgage Network
Posted: 13/02/2023
Market Financial Solutions (MFS) has announced a new partnership with finova Payment and Mortgage Services
Posted: 13/02/2023
Over two thirds of landlords (68%) would now be less likely to purchase a property if it has an Energy Performance Certificate (EPC) rating of below C, new research from Foundation Home Loans has indicated
Posted: 10/02/2023
Yorkshire Building Society has launched its first mortgage product with a rate below 4% for the first time since September last year
Posted: 09/02/2023
Mortgage claims, orders, warrants and repossessions increased significantly in the fourth quarter at the end of last year when compared to the same quarter in 2021
Posted: 09/02/2023
Confidence in the mortgage market dropped among intermediaries during Q4 2022, although steady caseload volumes have indicated the market is returning to normal
Posted: 09/02/2023
A total of 531,507 property completions have been supported by the Help to Buy: ISA scheme since it launched in 2015, new Treasury figures have shown
Posted: 08/02/2023
Seven in 10 buy-to-let (BTL) landlords do not intend to sell any of their properties in the next 12 months, according to new research from Landbay
Posted: 08/02/2023
The UK’s housing market has stabilised at the start of 2023, the latest Halifax House Price Index has indicated, with the average price of a home remaining largely unchanged in January at £281,684
Posted: 07/02/2023
Comparethemarket has reported that site visits to its mortgages page increased by over 60% within the first 24 hours of last week’s interest rates announcement
Posted: 06/02/2023
Tandem Bank has announced its entry into the residential purchase market
Posted: 06/02/2023
Specialist lender, Precise Mortgages, has announced a new partnership with CoreLogic UK, to support with property risk management and decisioning software
Posted: 02/02/2023
The rate of annual house price growth decelerated to 1.1% in January, according to the latest Nationwide House Price Index
Posted: 01/02/2023
The equity release market experienced a record year in 2022 with a total of 93,421 new and returning customers choosing to access their property wealth via equity release products
Posted: 31/01/2023
The total number of mortgage approvals in the UK slipped to 35,600 during December, down from 46,200 in November, new Bank of England (BoE) figures have indicated
Posted: 31/01/2023
The most popular mortgage criteria searches in December were made by applicants in search of green and interest-only products, new data from Legal & General’s SmartrFit platform has indicated
Posted: 30/01/2023
More than three in five (63%) financial advisers who advise on mortgages are concerned that their clients may struggle to make their mortgage payments as a result of the cost of living crisis, a new study has indicated
Posted: 30/01/2023
The Financial Intermediary & Broker Association (FIBA) has announced a new partnership with Atom bank
Posted: 30/01/2023
Lending in the second charge space decreased for a fourth consecutive month in December, new figures from Loans Warehouse have indicated
Posted: 27/01/2023
The UK’s first dedicated mortgage for modular construction homes has been launched by Ecology Building Society
Posted: 26/01/2023
Belmont Green, the parent company of Vida Homeloans, has priced its first securitisation of 2023
Posted: 26/01/2023
Rents in the UK increased to an average £903 during Q4 2022, according to figures from The Deposit Protection Service (DPS)
Posted: 25/01/2023
InterBay has partnered with VAS Panel to help speed up applications across its commercial and semi-commercial applications
Posted: 25/01/2023
The number of first-time buyers fell by 11% in 2022 compared to the year before, dropping to 362,461, according to new analysis from Halifax
Posted: 25/01/2023
More than two in five (42%) of buy-to-let (BTL) landlords intend to purchase additional property in the next 12 months, new research from Landbay has indicated
Posted: 25/01/2023
The average house price in Wales reached a new record of £249,076 at the end of 2022, according to Principality Building Society’s latest Wales House Price Index
Posted: 24/01/2023
The number of property transactions in the residential market hit an estimated 108,960 during December, a 3% fall from November’s total
Posted: 24/01/2023
Rental yields across England and Wales increased to 6.2% in the fourth quarter of 2022, new data published by Fleet Mortgages has indicated
Posted: 23/01/2023
The equity release market grew to a record high of £5.58bn in new lending in 2022, new data published by Key Later Life Finance has shown
Posted: 23/01/2023
finova Payment and Mortgage Services has announced a new partnership with Loans Warehouse
Posted: 23/01/2023
Criteria searches by mortgage brokers reflected another month of change in December, Knowledge Bank has reported
Posted: 20/01/2023
Annual house price growth in Scotland has seen a slight increase to 6.7% in the year to November, the latest Walker Fraser Steele Acadata House Price Index (Scotland) has indicated
Posted: 19/01/2023
The availability of secured credit to UK households decreased in the three months to the end of November 2022, new analysis published by the Bank of England (BoE) has indicated
Posted: 19/01/2023
Annual house price growth slowed to 10.3% in the year to November 2022, the latest UK House Price Index published by the Office for National Statistics (ONS) has indicated
Posted: 18/01/2023
A third (33%) of homeowners say that contributing to the UK’s net zero targets is important and the reason they would make improvements to their home, according to research by Mortgage Advice Bureau
Posted: 17/01/2023
Half of landlords would be prepared to make changes to their property to accommodate the needs of older tenants, according to research from Paragon Bank
Posted: 17/01/2023
Homebuyers are continuing to utilise bridging loans to overcome financial hurdles in the property market, analysis from Apex Bridging has shown
Posted: 17/01/2023
The Association of Mortgage Intermediaries (AMI) has announced it is developing a sector-wide scheme to connect mortgage professionals with leaders in the industry for mentoring
Posted: 17/01/2023
LendInvest has announced that it has increased its funding line from Lloyds Bank, which now totals £300m
Posted: 17/01/2023
The average price of property coming to the market for sale has increased by 0.9% this month, according to the latest Rightmove House Price Index
Posted: 16/01/2023
MPowered Mortgages has announced that it has partnered with mortgage and protection network, HLPartnership
Posted: 12/01/2023
Three in 10 (30%) of over-55s believe that their ability to repay their mortgage will be hindered as a result of the cost of living crisis, research from Key has indicated
Posted: 11/01/2023
Annual house price growth for properties in England and Wales slowed to 7.8% in December, according to the latest e.surv House Price Index
Posted: 10/01/2023
More than 1.4 million households in the UK are facing the prospect of rising interest rates when they renew their fixed mortgages in 2023
Posted: 09/01/2023
Annual house price growth dropped to 2.0% in December, a significant fall from 4.6% in November, according to figures from the latest Halifax House Price Index
Posted: 06/01/2023
Buyer demand levels declined in the fourth quarter of 2022 as economic pressures and the increased cost of borrowing continue to force many people to re-evaluate their home buying plans
Posted: 05/01/2023
Remortgaging is to dominate mortgage intermediary business in 2023, new research from Paragon Bank has suggested
Posted: 05/01/2023
The number of mortgage approvals fell to 46,100 in November, down from 57,900 in October, new figures published by the Bank of England (BoE) have shown
Posted: 04/01/2023
More than half of private renters (58%) would say they are less likely to look at a rental property if it had an Energy Performance Certificate (EPC) rating of D or below, research from Shawbrook has indicated
Posted: 04/01/2023
Mortgage affordability for self-employed customers has dropped to its lowest level on record, according to the latest Mortgage Broker Tools (MBT) Affordability Index
Posted: 04/01/2023
The number of first-time buyers fell by 9% in 2022, according to estimates from Yorkshire Building Society
Posted: 03/01/2023
Annual house price inflation slowed to 2.8% in December, a sharp fall from 4.4% in November, according to the latest Nationwide House Price Index
Posted: 03/01/2023
UK house prices increased by 7.2% over the course of 2022, according to the final Zoopla House Price Index of the year
Posted: 22/12/2022
More than three in five (63%) of landlords would say the government has introduced too much regulation in the private rental sector, a new survey from Market Financial Solutions (MFS) has indicated
Posted: 22/12/2022
The number of UK residential property transactions increased by 12% in November in comparison to the same month last year, new data published by HMRC has revealed
Posted: 21/12/2022
Gross mortgage lending is expected to reach £310bn this year, a report published by the Intermediary Mortgage Lenders Association (IMLA) has indicated
Posted: 21/12/2022
The buy-to-let (BTL) sector experienced an increase in broker criteria searches during November, following a 10% rise in searches for holiday lets
Posted: 21/12/2022
The government has announced it is extending its Mortgage Guarantee Scheme by a year to the end of December 2023
Posted: 20/12/2022
The average UK property price is now £46,403 higher than it was at the onset of the COVID pandemic, new analysis from Halifax has shown
Posted: 19/12/2022
Homeowners are starting to consider solutions such as downsizing, taking on lodgers and extra work to deal with their rising monthly mortgage costs, a new study has highlighted
Posted: 19/12/2022
First-time buyers in England will need almost 11 years of consistent saving at the UK median of £180 per month in order to save enough for the average deposit amount, new research has revealed
Posted: 19/12/2022
The market for second charge borrowing is continuing to “reflect the wider economy” and the financial concerns of many individuals seeking to get a grip on an increase in both the cost of living and the cost of securing finance, Evolution Money has stated
Posted: 15/12/2022
Lending in the second charge space dropped for the fourth month running to total £135.5m in November, according to the latest Secured Loan Index from Loans Warehouse
Posted: 14/12/2022
Annual house price growth stood at 12.6% in the year to October, according to the latest UK House Price Index published by the Office for National Statistics (ONS)
Posted: 14/12/2022
finova Payment and Mortgage Services has announced a new partnership with home finance provider, StrideUp
Posted: 14/12/2022
MPowered Mortgages has reduced rates across its suite of five-year fixed products, and announced new five-year mortgage products at 80% LTV
Posted: 13/12/2022
Mortgage payments are set to increase by up to £3,000 a year for around four million homeowners next year, the Bank of England has said in a report
Posted: 13/12/2022
Overall mortgage lending is expected to fall by 15% in 2023, a return to pre-pandemic levels, according to UK Finance forecasts
Posted: 12/12/2022
Allica Bank has reported £65m of instant commercial mortgage decision-in-principle (DIP) applications since it launched a new automated application tool at the start of November
Posted: 08/12/2022
Equity release introducers are expecting continuing growth over the next one to three years in their referral business as the market expands, a new report from Key Partnerships has suggested
Posted: 08/12/2022
The Mortgage Works (TMW) has announced it is reducing its stress tests for lower rate tax payers and updating its stress rate policy for its further advance applications
Posted: 07/12/2022
Annual house price growth in the UK slowed to 4.7% in November, falling sharply from 8.2% in October, according to the latest Halifax House Price Index.
The average house price fell on a month-by-month basis by 2.3% in November, to follow a 0.4% dip in October
Posted: 07/12/2022
Broker satisfaction with UK mortgage lenders has fallen to its lowest level recorded outside of the pandemic, new research from Smart Money People has indicated
Posted: 07/12/2022
More than three quarters of self-employed people are concerned about their prospects of getting a mortgage, new research by Pepper Money has indicated
Posted: 06/12/2022
Annual house price growth in the UK decelerated to 4.4% in November, falling from 7.2% in October, according to the latest Nationwide House Price Index
Posted: 01/12/2022
The Intermediary Mortgage Lenders Association (IMLA) has elected its management committee for 2023
Posted: 01/12/2022
The number of landlords asking prospective tenants to provide guarantors ahead of renting a UK property has risen by 3% since this time last year, new research from Goodlord has indicated
Posted: 30/11/2022
The willingness to “take a view” is the most important attribute of a specialist mortgage lender, according to 99% of brokers
Posted: 30/11/2022
The number of potential mortgage customers with adverse credit in the UK has increased by more than 1.6 million people in the past year, new research from Pepper Money has suggested
Posted: 30/11/2022
Appetite among homebuyers for new-build homes has remained strong despite activity across the housing market starting to cool, new research has indicated
Posted: 29/11/2022
Net borrowing of mortgage debt by individuals fell from £5.9bn to £4.0bn in October following the fallout from the government’s mini-Budget, figures from the Bank of England (BoE) have shown
Posted: 29/11/2022
The number of available mortgage products currently on the market is sitting 41% below the level seen this time last year, analysis by Octane Capital has shown
Posted: 29/11/2022
The spike in mortgage rates after the mini-Budget in late September has led to a “sharp reduction” in housing market activity, the latest Zoopla House Price Index has stated
Posted: 28/11/2022
More than half (52%) of homeowners with a fixed, tracker or discount mortgage are on deals that need to be renewed within the next two years, according to research from The Mortgage Lender (TML)
Posted: 28/11/2022
OSB Group has announced a package of measures to support buy-to-let (BTL) landlords looking to improve the sustainability of their investment properties
Posted: 28/11/2022
The level of mortgage approvals across the UK property market is expected to dip in 2022
Posted: 23/11/2022
The number of residential property transactions fell by 3% between September and October, according to the latest data published by HMRC
Posted: 22/11/2022
Mortgage searches carried out by brokers in October were dominated by “niche criteria”, data from Legal & General’s SmartrFit platform has indicated
Posted: 21/11/2022
Mortgage brokers are struggling to keep up to date with recent changes to lenders’ products and criteria, according to new research
Posted: 21/11/2022
The average loan size offered to buy-to-let borrowers has plummeted in the last six months, according to analysis by Mortgage Broker Tools (MBT)
Posted: 17/11/2022
Annual house price growth slowed to 9.5% in the year to September, falling from 13.1% in August, the latest UK House Price Index from the Office for National Statistics (ONS) has revealed
Posted: 16/11/2022
MPowered Mortgages has announced that it has partnered with PRIMIS Mortgage Network
Posted: 16/11/2022
Nottingham Building Society and fintech mortgage lender Generation Home (Gen H) have agreed a new partnership of up to £600m
Posted: 15/11/2022
Lenders continued to withdraw and reprice their products on a daily basis during October, according to Knowledge Bank, which suggested that the month has been a “merry-go-round of product and criteria changes”
Posted: 14/11/2022
Legal & General Surveying Services has urged homeowners to avoid hidden costs during a property transaction by seeking a home survey
Posted: 14/11/2022
A total of 514,868 property completions have now been supported by the Help to Buy: ISA scheme, new Treasury figures have shown
Posted: 11/11/2022
Lending in the second charge space dropped to £150.2m in October, according to the latest Secured Loan Index from Loans Warehouse
Posted: 11/11/2022
There were 74,440 homeowner mortgages in arrears of 2.5% or more of the outstanding balance in the third quarter of 2022, according to figures published by UK Finance
Posted: 10/11/2022
Demand in the mortgage market dipped slightly in the third quarter, data published by the Intermediary Mortgage Lenders Association (IMLA) has revealed
Posted: 09/11/2022
Just 4% of people over the age of 50 believe they would be able to take out a new mortgage, research carried out by LiveMore has suggested
Posted: 08/11/2022
Affordability searches in the buy-to-let (BTL) space have risen by 22% in the last month, research from Mortgage Broker Tools (MBT) has indicated
Posted: 08/11/2022
More than a quarter of landlords are planning to sell properties as a result of the current buy-to-let (BTL) environment, a new broker study has found
Posted: 07/11/2022
The average UK house price fell by 0.4% in October, to follow the 0.1% drop in September, the latest Halifax House Price Index has revealed
Posted: 07/11/2022
More borrowers are taking out a lifetime mortgage to fund home improvements rather than repay mortgages so far this year, according to new research from Responsible Life
Posted: 07/11/2022
Two thirds (66%) of the housing market is cut off from homebuyers who are in a chain, as the majority of sellers now want a chain-free process, a new study has indicated
Posted: 07/11/2022
New lending in the equity release market reached £1.53bn in the third quarter as the average customer released more than £114,000 in property wealth to boost their finances
Posted: 02/11/2022
Market Financial Solutions (MFS) has confirmed that it has secured £200m of additional institutional funding
Posted: 02/11/2022
Annual UK house price inflation slowed to 7.2% in October, down from 9.5% in September, according to the latest Nationwide House Price Index
Posted: 01/11/2022
Access Financial Services (FS) has launched a new campaign to support brokers when estate agents pressure home buyers to use their in-house mortgage broker rather than let them choose their own adviser
Posted: 01/11/2022
Concerns among consumers are growing about the security of their personal information when they go online and compare mortgage quotes, according to research from Contact State
Posted: 31/10/2022
Approvals for house purchases decreased significantly to 66,800 in September, down from 74,400 in August, figures from the Bank of England (BoE) have confirmed
Posted: 31/10/2022
Homeowners under the age of 25 are the most likely age group to opt for a tracker mortgage, a study by Uswitch has found
Posted: 27/10/2022
Average UK rents increased by more than 2% for the second quarter in a row during Q3, according to data from The Deposit Protection Service (The DPS)
Posted: 26/10/2022
A total £1.71bn in property wealth was withdrawn through equity release in the third quarter, figures from the Equity Release Council have revealed
Posted: 26/10/2022
Three in 10 UK adults (30%) are finding it difficult to to afford their rent or mortgage payments, data published by the Office for National Statistics (ONS) has indicated
Posted: 25/10/2022
Mortgage criteria searches concerning the private rented sector remained strong in September, data from Legal & General’s SmartrCriteria tool has indicated
Posted: 24/10/2022
Increasing demand for homes in UK cities has been the driving force behind the rapid house price inflation witnessed earlier this year, according to analysis from Halifax
Posted: 24/10/2022
More than three in five (63%) of UK adults fear the current economic downturn of the nation could hurt their chances of getting a mortgage in the next 12 months, according to new research
Posted: 24/10/2022
PRIMIS Mortgage Network has reported that its product desk saw an increase of 707 queries from appointed representative (AR) advisers in the third quarter compared to Q2 this year
Posted: 24/10/2022
The number of residential property transactions in the UK during September remained broadly unchanged from the previous month, new figures from HMRC have shown
Posted: 21/10/2022
Rental yields across England and Wales fell to 5.4% in the third quarter, down from 6.2% a year ago
Posted: 20/10/2022
Three quarters (75%) of over-55s haven’t heard of green mortgages, a study by Age Partnership has found
Posted: 20/10/2022
Annual house price growth slowed to 13.6% in the year to August, down from 16.0% in July, according to the latest UK House Price Index published by the Office for National Statistics (ONS)
Posted: 19/10/2022
More than nine in 10 brokers (91%) believe that mainstream mortgage lenders have tightened their criteria for self-employed applicants, according to a new study
Posted: 19/10/2022
The number of remortgage approvals across the mortgage industry fell more moderately in the second quarter compared to its sharpest decrease in 11 years during Q1
Posted: 18/10/2022
The average price of property coming to the UK market climbed by 0.7% in September, the latest Rightmove House Price Index has revealed
Posted: 17/10/2022
The pace of UK house price growth has “moderated noticeably”, while 12-month expectations have now turned negative, the latest UK Residential Survey from RICS has indicated
Posted: 13/10/2022
The mortgage brokerage market is estimated to increase in value by 12% and reach close to £2bn by 2025, despite the UK’s forecasted economic turmoil
Posted: 13/10/2022
The cost of purchasing a new-build home has increased by 47% over the last 10 years, even after adjusting for inflation, research from Alliance Fund has revealed
Posted: 12/10/2022
Lending across the second charge market totalled £160.4m in September, according to the latest Secured Loan Index published by Loans Warehouse
Posted: 12/10/2022
The Association of Mortgage Intermediaries (AMI) has confirmed plans for a new inclusivity and equity initiative
Posted: 11/10/2022
Brokers using Acre’s mortgage platform will now have the ability to connect to Santander, following an API development facilitated by Mortgage Brain
Posted: 11/10/2022
Just Mortgages has revealed there have been more female than male applicants for its broker academy places for the first time
Posted: 10/10/2022
Bridge Help has announced it has joined the finova Payment and Mortgage Services lender panel
Posted: 10/10/2022
The majority of people in the UK (57%) would say the double digit growth in house prices over the last year is blocking them from raising the deposit required to buy a home, new research has indicated
Posted: 07/10/2022
The average UK house price fell by 0.1% in September as the housing market shows new signs of slowing down
Posted: 07/10/2022
Accord Mortgages has announced it is returning to the market with a new range of residential mortgages, following a temporary withdrawal
Posted: 07/10/2022
The Equity Release Council has announced the appointment of two independent non-executive directors (NEDs), Barry Meeks and Mike Hughes, to join its leadership team and steer the growing organisation into its second decade
Posted: 04/10/2022
Hampshire Trust Bank (HTB) has relaunched into the bridging market following the creation of its new bridging team
Posted: 04/10/2022
Almost a fifth (17.5%) of UK brokers have been held as ‘data prisoners’, research from Smartr365 has revealed
Posted: 03/10/2022
The FCA and the government are being urged to enforce non-lenders who choose not to lend to offer fairer rates, UK Mortgage Prisoners lead campaigner Rachel Neale has said
Posted: 29/09/2022
The popularity of lifetime mortgages is growing across every UK region, according to the Equity Release Council’s Autumn 2022 Market Report, as homeowners aged 55+ draw on the wealth they have accumulated through paying down their mortgages and long-term house price growth
Posted: 29/09/2022
Almost a third of homeowners reaching the end of their fixed-term loans will only consider long-term remortgage deals as living costs rise, according to Comparethemarket
Posted: 28/09/2022
Banks and building societies are withdrawing some mortgage deals after a fall in the pound fuelled forecasts of a sharp rise in interest rates
Posted: 27/09/2022
The stamp duty cut announced by the government in last week’s mini-budget could save homebuyers across England over £1bn per year, latest research by London lettings and estate agent, Benham and Reeves has shown
Posted: 26/09/2022
Sixty-one per cent of mortgage brokers believe technology to be "integral" to the future of the mortgage industry, latest research from Smartr365 has revealed
Posted: 26/09/2022
The stamp duty threshold is to rise from £125,000 to £250,000, and for first-time buyers it will rise from £300,000 to £425,000, Chancellor Kwasi Kwarteng has announced in his mini-budget
Posted: 23/09/2022
The average cost of a mortgage has climbed by as much as 34% since the first interest rate increase in December of last year, market analysis by Octane Capital has revealed
Posted: 22/09/2022
The government is expected to announce plans to cut stamp duty in its mini-budget this week, in an attempt to drive economic growth.
Posted: 22/09/2022
The vast majority of brokers (94%) are expecting the specialist mortgage market to grow over the next two years, a new study has found
Posted: 21/09/2022
The number of residential property deals climbed by 4.4% in August compared to July, new HMRC figures have revealed
Posted: 21/09/2022
Over-65s have seen their property wealth increase by more than £10,000 on average this year, new analysis from Key has shown
Posted: 21/09/2022
Around a third (33%) of mortgage holders believe the interest rate hikes over the past year have made their mortgage repayments unaffordable, according to a new study
Posted: 20/09/2022
Lending across the second charge sector totalled £166.5m in August, according to figures reported directly from second charge lenders to Loans Warehouse
Posted: 16/09/2022
Around three in 10 consumers (29%) have reported a ‘bad experience’ when searching online for a mortgage quote, new research by regtech firm Contact State has found
Posted: 15/09/2022
Annual house price inflation in Scotland averaged 9.1% in the 12 months to July, according to the latest Walker Fraser Steele Acadata House Price Index
Posted: 15/09/2022
Annual house price growth in the UK has jumped to its highest rate since May 2003, according to the latest UK House Price Index published by the Office for National Statistics (ONS)
Posted: 14/09/2022
The outstanding value of all residential mortgage loans in the UK was £1.65bn at the end of the second quarter, a figure 3.8% higher than the same period last year, new Bank of England (BoE) figures have revealed
Posted: 13/09/2022
Annual house price growth across England and Wales increased to 12.2% in August, the latest e.surv House Price Index has revealed
Posted: 08/09/2022
Annual house price growth slowed to 11.5% in August, down from 11.8% in July, according to the latest Halifax House Price Index
Posted: 07/09/2022
Searches for mortgages which consider a property’s Energy Performance Certificate (EPC) rating increased by 34% in July, according to data from Legal & General’s SmartrCriteria tool
Posted: 06/09/2022
Mortgage lenders are restricting the maximum loan sizes available to higher income earners, new research published by Mortgage Broker Tools (MBT) has found
Posted: 06/09/2022
Mortgage and insurance network, Stonebridge, has announced the addition of Connect for Intermediaries to both its referral and packaging panels
Posted: 06/09/2022
Total mortgage searches increased by 21.5% in August compared to the same month last year, new data from Twenty7tec has revealed
Posted: 05/09/2022
SMEs are displaying a heightened focus on finding finance to boost their sustainability, new research by Allica Bank has suggested
Posted: 02/09/2022
Mortgage affordability has now dropped to its lowest level so far this year, according to the latest Mortgage Broker Tools (MBT) Affordability Index
Posted: 01/09/2022
The combined value of the nation’s houses in multiple occupation (HMO) market is estimated to be almost £26bn in current market conditions, new analysis by Revolution Brokers has indicated
Posted: 01/09/2022
Annual house price growth decelerated to 10.0% in August, slowing from 11.0% in July, the latest Nationwide House Price Index has indicated
Posted: 01/09/2022
The new energy price cap increase will mean that first-time buyers’ energy costs are to constitute over 15 weeks’ worth of mortgage payments
Posted: 30/08/2022
Net borrowing of mortgage debt by adults in the UK fell slightly in July to £5.1bn, new figures from the Bank of England (BoE) have indicated
Posted: 30/08/2022
Annual UK house price growth stood at 8.3% in the 12 months to July, according to the Zoopla House Price Index
Posted: 26/08/2022
Almost £100bn worth of mortgages are to mature before the end of the year, analysis by Accord Mortgages has shown
Posted: 25/08/2022
Generation Home has been confirmed as the latest member to join the Intermediary Mortgage Lenders Association (IMLA)
Posted: 25/08/2022
More than seven in 10 homeowners (71%) have no understanding of the “no negative equity guarantee” when it comes to equity release, a new study has indicated
Posted: 24/08/2022
Around a fifth (19%) of property wealth unlocked via equity release came through remortgaging in the first half of 2021, figures from Key Later Life Finance have shown
Posted: 24/08/2022
Sesame Bankhall Group (SBG) has announced the launch of a new support hub for advisers to ensure they are prepared for the “biggest mortgage refinancing opportunity of the decade”
Posted: 23/08/2022
The number of residential property transactions in the UK jumped 7.2% month-on-month in July, new HMRC figures have indicated
Posted: 23/08/2022
Mortgage and protection advisers working within mortgage advice firms have been called on by the Association of Mortgage Intermediaries (AMI) to complete a survey
Posted: 22/08/2022
First-time buyers are being urged to manage their expectations, following new findings from Yorkshire Building Society
Posted: 22/08/2022
Just Mortgages has announced it is launching a new business development initiative for its employed and self-employed brokers
Posted: 18/08/2022
Knowledge Bank has reported that around 40% of the 1,500 criteria updates carried out on its system during July were in the buy-to-let (BTL) sector
Posted: 18/08/2022
The average UK first-time buyer has seen the initial cost of a mortgage deposit climb by 41% in the last decade, new market analysis by Barrows and Forrester has revealed
Posted: 17/08/2022
The number of mortgage transactions has fallen by 33% since the Bank of England (BoE) first raised interest rates again in December last year, new analysis has shown
Posted: 17/08/2022
Annual house price growth decelerated to 7.8% in June, according to the latest UK House Price Index from the Office for National Statistics (ONS)
Posted: 17/08/2022
Lending in the second charge loan space saw a 12.5% monthly increase in July, figures reported directly to Loans Warehouse from second charge lenders have confirmed
Posted: 17/08/2022
Mortgage activity is forecast to fall by 6% in 2022 as the market responds to the flurry of interest rate hikes, new analysis by Henry Dannell has indicated
Posted: 16/08/2022
Perenna has received its banking licence with restrictions from the Prudential Regulation Authority and Financial Conduct Authority
Posted: 16/08/2022
Investors are still reporting “significant demand” in the holiday let mortgage market despite the easing of COVID lockdown restrictions, research from Hampshire Trust Bank has indicated
Posted: 15/08/2022
Average buy-to-let (BTL) rates for two-year fixed rate deals favoured by landlords have doubled since the start of the year, according to research published by Property Master
Posted: 12/08/2022
Paradigm Mortgage Services has announced the launch of a new partnership with sourcing and technology platform provider, Twenty7tec
Posted: 12/08/2022
New buyer demand across the housing market is continuing to decline at a steady pace, according to the latest UK Residential Survey from the Royal Institution of Chartered Surveyors (RICS)
Posted: 11/08/2022
The total number of customers in arrears with their mortgages continued to fall in the second quarter, new figures published by UK Finance have confirmed
Posted: 11/08/2022
Twenty7tec has announced that new lender to the mortgage market, Even, has added its mortgage product range to the Twenty7tec SOURCE module
Posted: 11/08/2022
Annual house price growth for the regions covering England and Wales climbed to 10.2% in July, the latest e.surv House Price Index has revealed
Posted: 10/08/2022
Just 17,996 mortgages were completed through the government’s 95% mortgage guarantee scheme between its launch in April 2021 up to the end of March 2022
Posted: 10/08/2022
Growth in the holiday let mortgage market has led to the number of active holiday lets increasing by as much as 33% in some of England’s most popular short break destinations, new research from Octane Capital has indicated
Posted: 09/08/2022
Case volumes for intermediaries across the mortgage market remained at the same level in Q2 compared to the previous quarter, new data from the Intermediary Mortgage Lenders Association (IMLA) has revealed
Posted: 09/08/2022
The average UK first-time buyer is now almost £42,000 worse off when it comes to buying a first property, new research by Stipendium has suggested
Posted: 08/08/2022
Monthly mortgage searches rebounded in July, new Twenty7Tec data has indicated, rising by 8.7% after the figure fell in June
Posted: 08/08/2022
MPowered Mortgages has announced the launch of a new partnership with fintech broker, Fluent Money
Posted: 08/08/2022
House prices in the UK fell by 0.1% in July, according to the latest Halifax House Price Index, the first decrease since June 2021
Posted: 05/08/2022
Saffron Building Society has temporarily paused new applications on all mortgages excluding its self-build offering
Posted: 05/08/2022
A total £811bn worth of property wealth was available for equity release to UK homeowners over the age of 55 during the second quarter, new analysis by Canada Life has revealed
Posted: 04/08/2022
Continued interest rate rises have resulted in a £71.50 increase in the average monthly cost of a mortgage for homebuyers across the UK this year, new analysis has found
Posted: 03/08/2022
Accord Mortgages has confirmed that it has joined the Deposit Unlock scheme and can now lend up to 95% LTV for new-build houses
Posted: 03/08/2022
An estimated 370,000 mortgage borrowers could save an average £1,240 per year for two years by switching to a two-year fixed rate with their existing lender
Posted: 02/08/2022
The average UK house price increased by 8.3% in the 12 months to June, according to the latest Zoopla House Price Index
Posted: 02/08/2022
A total £1.6bn in property wealth was unlocked via equity release in the second quarter, a new report published by the Equity Release Council has shown
Posted: 02/08/2022
House price growth in the UK edged up to 11.0% in the 12 months to July, according to the Nationwide House Price Index
Posted: 02/08/2022
One quarter (25%) of grandparents currently plan to help or have already helped their grandchildren become first-time buyers, a new study from Aviva has indicated
Posted: 01/08/2022
Net borrowing of mortgage debt by individuals fell to £5.3bn in June, down from £8.0bn in May, new figures from the Bank of England (BoE) have revealed
Posted: 29/07/2022
The gap between the average maximum and minimum loan sizes available to mortgage applicants is now wider than ever, according to data from Mortgage Broker Tools (MBT)
Posted: 29/07/2022
A spike in buy-to-let (BTL) purchase activity was recorded in the mortgage market during June, according to new data from Legal & General’s SmartrCriteria tool
Posted: 28/07/2022
Mortgage Advice Bureau (MAB) has announced a new partnership with property platform, Yuno
Posted: 28/07/2022
PRIMIS Mortgage Network has announced that Investec will become the first private bank to lend on its panel
Posted: 28/07/2022
Competition to become a mortgage and protection adviser has “never been fiercer”, according to brokerage firm Just Mortgages, with places on its latest academy largely oversubscribed
Posted: 27/07/2022
Gifting via equity release could help first-time buyers shave off up to 14 years from their mortgage term, new analysis by more2life has suggested
Posted: 27/07/2022
Norton Broker Services has announced the addition of TAB to its panel of lenders
Posted: 27/07/2022
Zephyr Homeloans has announced the appointment of Brilliant Solutions as a new packager partner
Posted: 26/07/2022
First-time buyer asking prices and equivalent asking rents have risen three times faster compared with the years prior to the pandemic, new research from Rightmove has indicated
Posted: 25/07/2022
Over a quarter (27%) of homebuyers are putting off their house purchase due to fears around the rising cost of living, according to a report from Yorkshire Building Society
Posted: 21/07/2022
Residential property transactions across the UK fell by 3.1% in June compared to May, according to new HMRC estimates
Posted: 21/07/2022
Legal & General Mortgage Club has integrated 10 new lenders into its mortgage research tool, SmartrFit
Posted: 21/07/2022
Around two thirds of property professionals would say they are confident about their business prospects over the next year, new research has indicated
Posted: 20/07/2022
Annual house price growth accelerated to 12.8% over the 12 months to May, according to the latest UK House Price Index from the Office for National Statistics (ONS)
Posted: 20/07/2022
A record first half of 2022 has put the equity release market on course to hit £6bn in new lending for the year, new data published by Key Later Life Finance has revealed
Posted: 20/07/2022
The Intermediary Mortgage Lenders Association (IMLA) has announced that Netcall has become the latest associate member to join the trade body
Posted: 20/07/2022
Secured loan lender Evolution Money has announced it is taking part in the government-sponsored four-day working week trial
Posted: 19/07/2022
Annual house price growth in Scotland climbed to 8.4% in May, its highest level so far in 2022
Posted: 19/07/2022
The average house price for property entering the market has risen for a sixth consecutive month, the latest Rightmove House Price Index has confirmed
Posted: 18/07/2022
The number of home movers has fallen by more than a third (35%) in the first half of 2022 compared to the opening half of last year, new data published by Halifax has indicated
Posted: 18/07/2022
Phoenix Group and Landbay have announced a new strategic partnership to fund long-term fixed rate mortgages
Posted: 18/07/2022
Annual house price growth across England and Wales increased to 10.9% in June, according to the latest e.surv Acadata House Price Index
Posted: 15/07/2022
The number of new buyers coming to the housing market fell again in June, new research by RICS has indicated
Posted: 14/07/2022
A homebuyer opting for one of the government’s proposed 50-year mortgages could end up paying over £470,000 in interest alone for an average priced property, new analysis has indicated
Posted: 14/07/2022
Second charge lending totalled £143.3m in June, £7.6m less than the figure in May, according to the latest Secured Loan Index published by Loans Warehouse
Posted: 14/07/2022
Demand for secured lending for house purchases in the UK increased in the three months to the end of May (Q2), research published by the Bank of England (BoE) has indicated
Posted: 14/07/2022
Mortgage Broker Tools (MBT) has integrated its MBT Affordability research platform with Generation Home
Posted: 13/07/2022
More than four out of five (82%) conveyancers have had to raise a post-offer query with a lender, new research published by the Conveyancing Association (CA) has revealed
Posted: 13/07/2022
MPowered Mortgages has announced new partnerships with Alexander Hall, LDNfinance and SPF Private Clients
Posted: 13/07/2022
Overseas homeowners are currently sitting on £90.7bn worth of property in England and Wales, research from Benham and Reeves has revealed
Posted: 12/07/2022
The number of lifetime mortgages sold to homeowners saw a 29% rise in March compared to the same month in 2021, Freedom of Information (FOI) data collected by Quilter has revealed
Posted: 12/07/2022
The number of over-45s who own a property outright has fallen in the last six years, new research from Aviva has highlighted
Posted: 07/07/2022
Twenty7Tec has reported a fall in residential mortgage searches for the month of June
Posted: 07/07/2022
Greg Clark has been appointed as the new Housing Secretary, the government has confirmed
Posted: 07/07/2022
Annual house price growth accelerated to 13.0% in June, according to the latest Halifax House Price Index
Posted: 07/07/2022
The proportion of disposable household income required to cover the average mortgage repayment is at 27.6% so far in 2022, new research has revealed, its highest level in a decade
Posted: 06/07/2022
Hampshire Trust Bank (HTB) has announced that it is relaunching short-term loan lender, HTB Syscap, following the acquisition of Wesleyan Bank in February
Posted: 05/07/2022
The Association of Mortgage Intermediaries (AMI) has announced that The Right Mortgage & Protection Network has joined the trade body
Posted: 05/07/2022
Lending in the second charge space totalled £150.9m in May 2022, according to the latest Secured Loan Index published by Loans Warehouse
Posted: 04/07/2022
The average price paid by first-time buyers over the last year has increased at the same level as those already on the property ladder, new research by Stipendium has revealed
Posted: 04/07/2022
The total figure for net borrowing of mortgage debt by individuals across the UK saw a rise to to £7.4bn in May, according to the Bank of England (BoE)
Posted: 01/07/2022
Average house prices were broadly unchanged in May after rising by just 0.1%, according to the latest Zoopla House Price Index
Posted: 01/07/2022
Brokers don’t believe enough is currently being done to attract new recruits to the mortgage advice industry, a study from Accord Mortgages has indicated
Posted: 01/07/2022
Annual house price growth slowed in June, dropping to 10.7% from 11.2% in May, according to the latest Nationwide House Price Index
Posted: 30/06/2022
Chorley Building Society has confirmed that it is joining the PRIMIS Mortgage Network lender panel
Posted: 29/06/2022
The proportion of new-build completions coming via the build-to-rent sector has grown in the last year to now account for over 7% of all new homes reaching the market, new research has indicated
Posted: 28/06/2022
The surge in house price growth through the pandemic has reduced housing affordability to the lowest level on record, new research by Halifax has revealed
Posted: 27/06/2022
Annual house price growth climbed to 12.4% in the year to April, according to the latest UK House Price Index published by the Office for National Statistics (ONS)
Posted: 22/06/2022
A spike in remortgage activity was recorded in May as borrowers looked to beat further interest rate rises, data from Legal & General Mortgage Club’s SmartrCriteria tool has suggested
Posted: 22/06/2022
Residential property transactions across the UK climbed by 1.6% in May compared to April, according to new HMRC estimates
Posted: 21/06/2022
The first-time buyer economy is set to reach a total value of £73.1bn by 2024, new research by Coventry for intermediaries in partnership with the Centre for Economics and Business Research (Cebr) has suggested
Posted: 21/06/2022
New mortgage firm, StrideUp, has announced plans to target the UK’s first-time buyer affordability crisis with a mortgage plan offering up to six and a half times income to prospective homeowners
Posted: 20/06/2022
The Bank of England (BoE) has confirmed that it will withdraw its mortgage affordability stress test
Posted: 20/06/2022
Broker satisfaction with UK mortgage lenders has levelled out for H1 2022, as the market prepares to respond to changing customer needs with the cost-of-living crisis
Posted: 20/06/2022
Proportunity has announced it is working on bringing the UK’s first zero deposit mortgage product to market later this year
Posted: 20/06/2022
The UK's later life lending market in the UK is worth up to £153.9bn, an AKG Financial Analytics research paper has estimated
Posted: 14/06/2022
MPowered Mortgages has announced the launch of a new range of cashback products, ahead of this week's Bank of England interest rate decision
Posted: 13/06/2022
UK homeowners have already released equity to the tune of £1.4bn so far in 2022, with this figure to hit almost £5.6bn by the end of the year, market analysis by mortgage broker, Henry Dannell, has revealed
Posted: 13/06/2022
Twelve per cent (1.5 million) of retirees say they had outstanding mortgage debt when they retired, according to new research published by LV=
Posted: 10/06/2022
Fourteen per cent of Canada Life’s equity release customers used their funds to support the cost of day-to-day living in Q1, over a third (36%) used equity release to clear and existing mortgage and a quarter of customers (25%) used equity release to fund home improvements
Posted: 10/06/2022
Prime minister Boris Johnson has confirmed plans which will allow homebuyers on lower wages to use housing benefit - currently amounting to £30m per year - towards their mortgage
Posted: 09/06/2022
One Mortgage System (OMS) has completed a full API integration with Pepper Money for its second charge business
Posted: 09/06/2022
The average stamp duty payment on buy-to-let homes has increased by £11,848 in England since 2016, new research by Revolution Brokers has revealed, and in some parts of the UK, buy-to-let stamp duty costs are now almost 1,000% higher than that paid by primary homebuyers
Posted: 09/06/2022
The average cost of buying a home rose by 1% in May, or £2,857, on the previous month, and has now risen for eleven consecutive months, according to the latest Halifax House Price Index
Posted: 08/06/2022
SimplyBiz Mortgages has announced the addition of Quantum Mortgages to its lender panel, with immediate effect
Posted: 07/06/2022
Annual house price growth slowed slightly during May, falling back to 11.2% from 12.1% in April, the latest Nationwide House Price Index has indicated
Posted: 01/06/2022
Broker searches for both self-employed clients and those with Visas remained robust in April, according to new data from Legal & General Mortgage Club’s SmartrCriteria tool
Posted: 31/05/2022
Net mortgage debt borrowed by individuals across the UK fell to £4.1bn in April, down from £6.4bn in March, new Bank of England (BoE) figures have revealed
Posted: 31/05/2022
MPowered Mortgages has been announced as the latest member to join the Intermediary Mortgage Lenders Association (IMLA)
Posted: 31/05/2022
Bridging applications and completions in Q1 2022 have fallen back from their record highs in Q4 2021, but remain strong compared to the long-term average, according to the latest data from the Association of Short Term Lenders (ASTL)
Posted: 30/05/2022
The number of first-time buyers in the UK has increased by nearly 100% in the last decade hitting a high of almost 410,000 in 2021, according to market analysis published by Stipendium
Posted: 30/05/2022
Newcastle Intermediaries has expanded its remortgage range with the addition of two new 60% LTV products
Posted: 27/05/2022
Specialist Hub has been appointed to the packager panel of Quantum Mortgages
Posted: 26/05/2022
The average mortgage repayment is now accounting for around a third of the average monthly income, new estimations from Octane Capital have indicated
Posted: 26/05/2022
Mortgage lending by building societies in the first three months of 2022 was on a par with lending in the same period last year, when the stamp duty holiday was in operation, new figures have indicated
Posted: 25/05/2022
Over a quarter (27%) of people who moved house in the height of the pandemic are now regretting their decision, according to online mortgage broker, Trussle
Posted: 25/05/2022
Older homeowners used equity release to unlock an average £111,500 in property wealth during the first three months of the year, new data published by Key Later Life Finance has revealed
Posted: 25/05/2022
Self-employed individuals are twice as likely to be rejected for a mortgage, new research from The Mortgage Lender (TML) has suggested
Posted: 25/05/2022
The monthly total of residential property transactions in the UK fell by 10.5% in April compared to March, new HMRC figures have revealed
Posted: 24/05/2022
A majority 52% of lenders, brokers and surveyors have suggested that down valuations are either “very or quite prevalent” in 2022, research from Countrywide Surveying Services (CSS) has indicated
Posted: 24/05/2022
The overall stock of outstanding interest-only mortgages fell by 15% in 2021 compared with the position at the end of 2020, figures published by UK Finance have revealed
Posted: 23/05/2022
The average price of property coming to market has hit a new record for the fourth consecutive month, rising to £367,501, according to the latest Rightmove House price Index
Posted: 23/05/2022
Tenet Compliance Services (TCS) has announced the launch of a new partnership with Legal & General Mortgage Club
Posted: 23/05/2022
Mortgage possession actions are slowly recovering from the impact of the pandemic, new government figures have indicated
Posted: 19/05/2022
Standard Life Home Finance has launched a new partnership with PRIMIS Mortgage Network
Posted: 19/05/2022
The average first-time buyer in the UK is spending £223,751 on their first property, according to new analysis from Direct Line Home Insurance
Posted: 18/05/2022
Annual house price growth in the UK dropped to 9.8% in the year to March, according to the latest UK House Price Index published by the Office for National Statistics (ONS)
Posted: 18/05/2022
The number of equity release products has almost trebled in the past year after hitting a new record high of 1,557 at the end of the first quarter, new data from Key Partnerships has revealed
Posted: 18/05/2022
TMA Club has announced the addition of Even to its broker panel
Posted: 18/05/2022
The annual rate of rental growth for new lets climbed to 11% the in the first quarter of the year, according to Zoopla’s latest UK rental Market Report
Posted: 17/05/2022
New business carried out in the consumer finance space jumped by 19% in March compared to the same month last year, figures published by the Finance & Leasing Association (FLA) have revealed
Posted: 16/05/2022
Mortgage customers over the age of 65 are finding it significantly harder to get the mortgage they want compared to younger borrowers, according to the Mortgage Broker Tools (MBT) Affordability Index
Posted: 16/05/2022
Annual house price growth covering England and Wales climbed to 10.4% in April, according to the latest e.surv Acadata House Price Index
Posted: 13/05/2022
Lending across the second charge space totalled £140.4m in April, figures reported directly to Loans Warehouse from second charge lenders have indicated
Posted: 13/05/2022
Total gross lending hit £156.8m in the UK bridging finance market during Q1 2022, new data published by Bridging Trends has shown
Posted: 12/05/2022
The “maximum age of the borrower” at the end of the term was the most common criteria search by mortgage brokers in the residential sector in April, Knowledge Bank’s latest criteria tracker results have shown
Posted: 12/05/2022
Energy price spikes in the UK are changing attitudes among homeowners towards making green improvements to their property, new research from NatWest and S&P Global has indicated
Posted: 11/05/2022
A total of 12,388 mortgages have been completed with the help of the government’s Mortgage Guarantee Scheme, new figures published by the Treasury have revealed
Posted: 11/05/2022
The average number of mortgages placed per year by intermediaries reduced slightly in Q1 2022 compared to the previous quarter
Posted: 11/05/2022
The Mortgage Industry Mental Health Charter (MIMHC) has launched a new mental health and wellbeing report to coincide with Mental Health Awareness Week 2022
Posted: 09/05/2022
The Right Mortgage & Protection Network has confirmed a new five-year commitment to Mortgage Brain
Posted: 09/05/2022
Broker searches for homeowners looking for joint borrower sole proprietor (JBSP) mortgages climbed by 17% in March, according to new research from Legal & General Mortgage Club’s SmartrCriteria tool
Posted: 06/05/2022
The average UK house price increased by 1.1% in April to record the tenth consecutive monthly rise, the latest Halifax House Price Index has revealed
Posted: 06/05/2022
Just Mortgages has announced that it brought in 50 new brokers to its self-employed division in the first three months of 2022
Posted: 05/05/2022
Upwards pressure on pricing has pushed 4.3 million homes into higher stamp duty brackets over the last two years, the latest Zoopla House Price Index has revealed
Posted: 04/05/2022
Seven in 10 (70%) first-time buyers looking to purchase in the next 12 to 24 months are delaying as the rising cost of living impacts their ability to save towards a deposit, according to a new study from Nationwide
Posted: 04/05/2022
Net borrowing of mortgage debt by individuals increased to £7.0bn in March, a figure up from £4.6bn in February, new Bank of England (BoE) figures have confirmed
Posted: 04/05/2022
MPowered Mortgages has announced its entry into the prime residential mortgage market after receiving relevant permissions from the FCA
Posted: 04/05/2022
Flexible long-term fixed rates could “dominate” the UK mortgage market in the future, mortgage lender Perenna has stated
Posted: 29/04/2022
The pace of annual house price growth across the UK slowed to 12.1% in April, according to the latest Nationwide House Price Index
Posted: 29/04/2022
The value of residential loans to individuals within the buy-to-let (BTL) sector has fallen by 8% since 2016, according to new research carried out by Octane Capital
Posted: 28/04/2022
Almost £800bn worth of equity was available for release in UK homes in the first quarter, analysis by Canada Life has revealed
Posted: 28/04/2022
Three of the UK’s largest mortgage distributors have announced a new collaboration, the Mortgage Climate Action Group
Posted: 27/04/2022
Average UK rents have increased for the sixth consecutive quarter, figures from the Deposit Protection Service (DPS) have indicated
Posted: 26/04/2022
A new record high of 23,395 equity release customers accessed the wealth in their property during the first quarter of the year, new figures published by the Equity Release Council have revealed
Posted: 26/04/2022
Second charge lenders have reported that lending across the second charge space totalled £155.5m in March, according to the latest Secured Loan Index published by Loans Warehouse
Posted: 26/04/2022
The Bridging Group has become the latest lender to join the Association of Short-Term Lenders (ASTL)
Posted: 26/04/2022
TMA Club has announced a new partnership with mortgage lender, Generation Home, as the mortgage club continues to expand its panel for brokers
Posted: 26/04/2022
The price of property coming to market has hit a new record high for the second consecutive month, with the national average now standing at £354,564
Posted: 25/04/2022
Impact Specialist Finance has been appointed to the Quantum Mortgages packager panel
Posted: 25/04/2022
The number of residential property transactions in the UK jumped by 18.2% in March compared to February’s total, new HMRC figures have revealed
Posted: 21/04/2022
The next generation of homeowners may be paying off their mortgages into retirement due to the increasing age of first-time buyers and buyers seeking longer-term mortgages, according to analysis from Trussle
Posted: 21/04/2022
Annual house price growth in Scotland accelerated to 8.2% in February, according to the latest Walker Fraser Steele Acadata House Price Index (Scotland).
Posted: 20/04/2022
Rental yields fell to 5.7% during the first quarter of 2022, down from 6.3% in the opening quarter last year, new figures published by Fleet Mortgages have revealed
Posted: 19/04/2022
The Intermediary Mortgage Lenders Association (IMLA) has announced that three building societies have joined as new members
Posted: 19/04/2022
Mortgage brokers are increasingly searching for “defaults” and “missed and late payments” as the cost of living crisis continues to impact borrowers, Knowledge Bank’s latest criteria tracker results have revealed
Posted: 14/04/2022
Annual UK house price growth increased to 10.9% in the year to February, a figure up from 10.2% in January
Posted: 13/04/2022
SimplyBiz has announced a new partnership with group life, income protection and critical illness provider, YuLife
Posted: 13/04/2022
A majority 54% of UK homeowners would consider opting for a specialist lender in their mortgage search, even if they had not come across the provider before, new research by Butterfield Mortgages has suggested
Posted: 12/04/2022
Mortgage intermediaries and support staff working within the mortgage sector are being encouraged to contribute to a mental wellbeing study by the Mortgage Industry Mental Health Charter (MIMHC)
Posted: 12/04/2022
Lifetime mortgage customers are entering the advice process without the legal safeguards to protect their wealth in later life, research published by Hub Financial Solutions has indicated
Posted: 12/04/2022
SimplyBiz Mortgages has announced a new partnership with The Landlord Works to provide its members with direct access to a portfolio landlord facing tool
Posted: 12/04/2022
West One Loans is the first lender to introduce a green second charge mortgage for landlords available on properties with an EPC rating between A-C
Posted: 11/04/2022
Poor credit scores have deterred one in 10 Brits from applying for a mortgage, according to new research by The Mortgage Lender (TML)
Posted: 11/04/2022
The average deposit for first-time buyers (FTBs) has soared by over 50% throughout the last decade, data published by Stipendium has revealed
Posted: 11/04/2022
Second charge lending has returned to pre-pandemic levels with 59% growth on the number of new agreements, according to latest figures published by the Finance & Leasing Association.
The number of new agreements rose to 2,660 and the value of new business was 70% higher at £119m compared to February 2021
Posted: 08/04/2022
The average UK house price reached a new record high of £282,753 in March 2022, according to the latest Halifax House Price Index, a month on month increase of 1.4% and £28,113 higher than this time last year
Posted: 07/04/2022
The government’s stamp duty holiday drove thousands to opt for marathon mortgages, new freedom of information data from the FCA gathered by Quilter has revealed
Posted: 07/04/2022
Remortgaging activity spiked in February, as searches for homeowners wanting to remortgage after just six months climbed by 30%, according to new research from Legal & General Mortgage Club’s SmartrCriteria tool
Posted: 07/04/2022
Equity release payments in the UK increased by almost £1bn in 2021, research from debt advisory firm, Henry Dannell, has found
Posted: 06/04/2022
Twenty7Tec has reported the largest month-on-month rise in mortgage searches in March since the same month last year
Posted: 06/04/2022
Mortgage brokers are calling on lenders to take a more “affordability-driven approach” to product development, new research from Mortgage Broker Tools (MBT) has indicated
Posted: 05/04/2022
The Mortgage Industry Mental Health Charter (MIMHC) has revealed plans to target more than 200 signatories by the end of 2022
Posted: 04/04/2022
Around £1m was added to the value of the total UK housing stock every minute in 2021, according to a new report published by the Equity Release Council.
Last year saw the UK’s property wealth reach a record £5.2trn
Posted: 04/04/2022
City Mortgage Solutions (CMS) has entered into a partnership with SimplyBiz Mortgages and its wider group
Posted: 01/04/2022
The pace of annual house price growth has accelerated to 14.3% in March, according to the latest Nationwide House Price Index
Posted: 31/03/2022
e.surv has been appointed by Danske Bank UK to provide valuation services as the bank expands its mortgage lending operations to the UK market
Posted: 31/03/2022
Around two in five (38%) homebuyers across the UK have experienced a property purchase fall through due to mortgage delays, a new study by Butterfield Mortgages has indicated
Posted: 29/03/2022
Annual UK house price growth slowed to 8.1% in February down from 8.4% in January, according to the latest Zoopla House Price Index
Posted: 29/03/2022
Mortgage approvals for house purchase fell to 71,000 in February, down from 73,800 in January, new figures published by the Bank of England (BoE) have revealed
Posted: 29/03/2022
United Trust Bank has announced the appointment of a new head of buy-to-let (BTL) as the firm prepares to launch a new set of products into the BTL sector
Posted: 28/03/2022
Around seven in 10 brokers (69%) operating in the specialist lending space think the “race for space” is not yet over, according to a poll undertaken by TAB
Posted: 28/03/2022
Green product choice in the buy-to-let (BTL) mortgage sector has risen to its highest level, research from Mortgages For Business has revealed
Posted: 28/03/2022
Shared equity loan provider, Proportunity, has announced a new partnership with Knowledge Bank, to make its products available on the criteria search platform for brokers
Posted: 28/03/2022
Seconds activity among prime borrowers has grown again, according to Evolution Money’s latest quarterly data tracker
Posted: 24/03/2022
The earnings of the average tenant sit below the rental affordability threshold in five of the nation’s nine regions, research by rental portal Rentd has found
Posted: 24/03/2022
Average UK house prices increased by 9.6% in the year to January 2022, according to the latest UK House Price Index published by the Office for National Statistics (ONS)
Posted: 23/03/2022
A total 96,250 residential property transactions were recorded across the UK during February, according to the latest figures published by HMRC
Posted: 22/03/2022
SimplyBiz Mortgages has doubled the size of its ‘Specialist Property Finance Club’ lender panel over the last 12 months to now feature 20 lenders
Posted: 22/03/2022
Almost half of brokers operating in the specialist lending space think development finance is now “hotter” than the bridging loan market, according to a poll of intermediaries carried out by TAB
Posted: 21/03/2022
The average price of property coming to the housing market climbed by 2.3% in February to a record of £348,804, the latest Rightmove House Price Index has revealed
Posted: 21/03/2022
The monthly housing costs for first-time buyers are now 13% lower than the cost of renting an equivalent home, analysis by Halifax has revealed, a figure that equates to £115
Posted: 21/03/2022
Mortgage applications for self-employed clients and contractors are the hardest to place, research by cherryplc.co.uk, has found
Posted: 18/03/2022
The Scottish housing market grew by 1.2% in January this year, the highest rate of monthly growth since August
Posted: 17/03/2022
Just 18% of people think that now is a good time to buy a property, research published by the Building Societies Association (BSA) has indicated
Posted: 17/03/2022
Seven out of 10 portfolio landlords (70%) are expecting to remortgage or consolidate loans over the next 12 months, new research from CHL Mortgages has indicated
Posted: 17/03/2022
The easing of pandemic restrictions has prompted a rise in lifetime mortgage customers using their property wealth to fund lifestyle-focused spending, analysis from Legal & General Home Finance has suggested
Posted: 16/03/2022
Lenders in the second charge space have reported that February saw a £27m climb in total lending to £138.4m, the latest Secured Loan Index from Loans Warehouse has revealed
Posted: 16/03/2022
LiveMore Capital has announced it is entering the Scottish market to provide alternative mortgage solutions for borrowers hit by inflation, interest rates and costs of living
Posted: 15/03/2022
Digital mortgage lending platform, Molo Finance, has announced the launch of its first residential product, backed by a funding arrangement with specialist pensions insurer, Rothesay
Posted: 15/03/2022
Around nine in 10 brokers would say they have recommended a lender that they did not initially consider on the basis of affordability
Posted: 14/03/2022
COVID has pushed the average age of a first-time buyer up by almost two years, analysis by GetAgent has indicated
Posted: 14/03/2022
Upcoming energy efficiency changes for buy-to-let (BTL) landlords to consider on their properties could prove to be a “danger coming down the track”, SimplyBiz Mortgages has warned
Posted: 11/03/2022
February saw the average house price across England and Wales climb by 1.5% to reach a new record of £361,767
Posted: 10/03/2022
Mortgage brokers are currently working with numerous borrowers who have recently started new jobs, analysis from Knowledge Bank has indicated
Posted: 10/03/2022
Mortgage Brain has announced that Market Financial Solutions (MFS) has gone live on its Criteria Brain platform to improve access to loans for complex clients
Posted: 10/03/2022
An estimated £426m worth of property across England and Wales has been repossessed in the last 12 months, analysis from HBB Solutions has indicated
Posted: 09/03/2022
The outstanding value of all residential mortgage loans at the end of Q4 2021 was £1,613.4bn, a figure 4.7% higher than the year before
Posted: 08/03/2022
Over four in five brokers (86%) would say that mortgage affordability is “more complex than ever”, according to research by Mortgage Broker Tools (MBT)
Posted: 07/03/2022
Annual house price growth climbed to 10.8% in February, its strongest level since June 2007, according to the latest Halifax House Price Index
Posted: 07/03/2022
A large number of mortgage brokers are expecting to place a second charge for the first time during 2022, new research published by Central Trust has indicated
Posted: 07/03/2022
UK house prices climbed by 7.8% in the year to January, the latest Zoopla House Price Index has revealed, taking the average house price to £244,100
Posted: 04/03/2022
Three out of 10 buy-to-let landlords (30%) are still unaware of government proposals that all rental properties must have an Energy Performance Certificate (EPC) rating of A, B or C, a new study has indicated
Posted: 03/03/2022
Mortgage Broker, The Mortgage Brain (TMB), has announced a partnership with shared equity loan provider, Proportunity, to help borrowers with small deposits become homeowners
Posted: 03/03/2022
Lenders must prioritise product development over the next year for the mortgage market to adapt to the longer-term impacts of the pandemic, SimplyBiz Mortgages has stated
Posted: 02/03/2022
Annual house price growth accelerated to 12.6% in February, the latest Nationwide House Price Index has revealed
Posted: 02/03/2022
Over a quarter of homeowners (26%) are now more likely to consider purchasing a new-build property compared to before the pandemic, new research from FJP Investment has indicated
Posted: 02/03/2022
Mortgage Brain has announced that it has acquired Mortgage Engine
Posted: 02/03/2022
Net borrowing of mortgage debt by individuals climbed to £5.9bn in January, up from £4bn in December
Posted: 01/03/2022
Completions and applications in the bridging lending sector both reached record highs in the last quarter of 2021, new data published by the Association of Short-Term Lenders (ASTL) has revealed
Posted: 01/03/2022
Overall mortgage search volumes by advisers increased by almost 80% in January, new analysis from Legal & General Mortgage Club has revealed
Posted: 01/03/2022
The Bank of England (BoE) has announced that its Financial Policy Committee (FPC) is to move forward with a consultation on withdrawing its affordability stress test for mortgage applications
Posted: 28/02/2022
Buy-to-let (BTL) affordability has jumped to its highest level on record, according to the latest Mortgage Broker Tools (MBT) Affordability Index
Posted: 28/02/2022
A majority 55% of brokers have indicated they regularly come across difficulties when trying to find a solution for first-time landlords, research by Mercantile Trust has suggested
Posted: 28/02/2022
The Intermediary Mortgage Lenders Association (IMLA) has announced that Gallagher Re will join the trade body as an associate member
Posted: 28/02/2022
More than a third (34%) of potential home buyers could see their mortgage application rejected this year due to “adverse credit histories”, new research by The Mortgage Lender (TML) has indicated
Posted: 24/02/2022
TMA Club has announced the addition of The Loan Partnership to its panel
Posted: 24/02/2022
SimplyBiz Mortgages has announced a new partnership with Generation Home
Posted: 24/02/2022
A new independent low deposit mortgage intermediary, Home me, has announced its launch to the UK mortgage market
Posted: 23/02/2022
January saw a 12.6% annual fall in the number of residential property transactions carried out in the UK, new HMRC estimates have indicated
Posted: 22/02/2022
Buy-to-let (BTL) portfolio landlords are more likely to be aware of the government’s proposed Energy Performance Certificate (EPC) requirements than non-portfolio landlords, new research from Landbay has indicated
Posted: 22/02/2022
The average price of property entering the housing market climbed by 0.3% in January, according to the latest Rightmove House Price Index
Posted: 21/02/2022
The majority of lenders see the work of advisers as “essential” to helping non-standard borrowers to find the right mortgage for their needs, new research published by the Intermediary Mortgage Lenders Association (IMLA) has indicated
Posted: 21/02/2022
A total of 6,535 mortgages were completed with the support of the government’s mortgage guarantee scheme in the period between its launch in April last year and September, new Treasury figures have revealed
Posted: 17/02/2022
PRIMIS Mortgage Network has reported that its product desk saw a large proportion of queries relating to mortgages for those with adverse credit during January
Posted: 17/02/2022
Borrowers are turning to second charge mortgages to help alleviate financial issues, new analysis by Knowledge Bank has indicated
Posted: 16/02/2022
The average UK house price climbed by 10.8% over the year to December 2021, the latest UK House Price Index published by the Office for National Statistics (ONS) has revealed
Posted: 16/02/2022
Completion volumes across the remortgage market increased through 2021, new analysis by LMS has indicated, as the industry capacity continued to grow last year
Posted: 15/02/2022
The number of cases processed by mortgage advisers in the 12 months to Q4 2021 was higher than at any other point since 2015, a new report published by the Intermediary Mortgage Lenders Association (IMLA) has revealed
Posted: 15/02/2022
Mortgage and protection adviser, Affinity Mortgages, has been added to Proportunity’s panel of brokers
Posted: 15/02/2022
Recognise Bank has agreed a multi-million pound “loan on loan” partnership with bridging loan provider, Reflex Bridging
Posted: 14/02/2022
The number of customers in arrears with their mortgages fell slightly in the fourth quarter of 2021, new UK Finance figures have revealed
Posted: 11/02/2022
The mortgage market is set for another busy year in 2022 despite rising bank rates and the absence of stamp duty holidays, two figures from the mortgage industry have predicted
Posted: 11/02/2022
The housing market saw an increase in buyer enquiries during January, the latest RICS UK Residential Survey has indicated
Posted: 10/02/2022
The West Midlands is currently the region with the highest annual house price growth across England and Wales, the latest e.surv Acadata House Price Index has revealed
Posted: 10/02/2022
The average monthly rent across the UK has climbed to a new record high of £969, new figures published by Zoopla have revealed
Posted: 09/02/2022
The UK’s first-time buyers accounted for £86.1bn worth of property market value in 2021, new analysis from GetAgent has revealed
Posted: 08/02/2022
CHL Mortgages has announced that it has been added to the lending panel of Brilliant Solutions
Posted: 08/02/2022
The average UK house price edged up to a new record high of £276,759 in January, according to the latest Halifax House Price Index
Posted: 07/02/2022
Twenty7Tec has reported that January marked the busiest ever month on its platform, with more than 1.4 million mortgage searches conducted by advisers
Posted: 04/02/2022
Borrowers could save almost £5,000 on their mortgage payments by switching to a new fixed rate two-year offer, analysis by Experian and L&C Mortgages has suggested
Posted: 04/02/2022
The Mortgage Industry Mental Health Charter (MIMHC) is encouraging industry businesses to participate in the UK’s ‘Time to Talk Day’
Posted: 03/02/2022
Mortgage brokers are expecting to write more specialist residential mortgage business this year than ever before, research from Norton Home Loans has indicated
Posted: 03/02/2022
Mortgage applications in London now account for 14% of all applications across the UK, a level not seen since December 2019, new analysis by Trussle has found
Posted: 02/02/2022
Around one in five adults (18%) across the UK are planning to buy a property in 2022, new research from Market Financial Solutions (MFS) has revealed
Posted: 01/02/2022
Annual house price growth accelerated to 11.2% in January, the highest level for the opening month of a year since 2005, the latest Nationwide House Price Index has revealed
Posted: 01/02/2022
More than three in five residential property professionals (62%) don’t believe that Energy Performance Certificates (EPCs) are the most suitable method to help reduce emissions in homes, research from Countrywide Surveying Services has indicated
Posted: 01/02/2022
Almost half (46%) of equity release applications in 2021 were from customers looking to clear the remainder of their mortgage, new research from Canada Life has found
Posted: 31/01/2022
Heightened activity in the UK housing market has been driven by a surge in buyer demand for detached properties during the pandemic, new research published by Halifax has suggested
Posted: 28/01/2022
The high volume of activity across the housing market following a record year for property sales is currently eroding supply, Zoopla has warned
Posted: 27/01/2022
Organisations from across the legal, property, and mortgage sectors have called on Michael Gove, to implement measures previously announced by the government which would improve the lives of many leaseholders
Posted: 27/01/2022
The average UK homebuyer is still being priced out of the market unless they are purchasing with a partner, research published by Henry Dannell has suggested
Posted: 26/01/2022
Air Group has revealed that over £1bn of later life lending was placed through its Air Club distribution business in 2021
Posted: 26/01/2022
Lending across the equity release market totalled £4.8bn in 2021, representing a 24% climb from 2020, new figures published by the Equity Release Council have revealed
Posted: 25/01/2022
The Intermediary Mortgage Lenders Association (IMLA) has announced Danske Bank UK as the latest member to join the trade body
Posted: 25/01/2022
PRIMIS Mortgage Network has announced the addition of Vernon Building Society to its lender panel
Posted: 24/01/2022
First-time buyer numbers increased at a record rate of 35% last year, according to new analysis from Halifax
Posted: 24/01/2022
Foundation Home Loans has announced it is expanding its mortgage offering to purchase and remortgage borrowers in Scotland
Posted: 24/01/2022
The average number of house hunters registered at estate agent branches was the highest December on record, data from NAEA Propertymark has revealed
Posted: 21/01/2022
Residential property transactions in the UK climbed by 11.8% in the month of December, new figures published by HMRC have revealed
Posted: 21/01/2022
Newcastle Building Society has announced it is expanding the availability of its First Homes product range
Posted: 20/01/2022
The average house price in Scotland has grown by 9.3% over the last 12 months, according to the latest Walker Fraser Steele Acadata House Price Index (Scotland)
Posted: 20/01/2022
The fourth quarter of 2021 saw a slight fall in rental yields, down from 6.2% in Q4 a year ago to 5.6%, new figures from Fleet Mortgages have indicated
Posted: 19/01/2022
The overall health of the remortgage market dropped slightly in the third quarter last year, new data from LMS has suggested
Posted: 19/01/2022
Annual house price growth climbed to 10.0% last November, a slight rise from 9.8% in October, according to figures from the Office for National Statistics (ONS)
Posted: 19/01/2022
Older homeowners released a record £4.4bn in property wealth last year, new data from Key has revealed
Posted: 19/01/2022
More than three quarters (79%) of brokers are feeling optimistic about how the new build housing market will perform in 2022, new research published by TMA Club has indicated
Posted: 19/01/2022
The average price of a first-time buyer home has hit a record £214,176, according to the latest Rightmove House Price Index
Posted: 17/01/2022
The fourth quarter of 2021 saw an upsurge in queries from brokers relating to expat lending, according to PRIMIS Mortgage Network
Posted: 17/01/2022
The Intermediary Mortgage Lenders Association (IMLA) has called on the government to maintain a balance between home ownership and the private rental sector in 2022
Posted: 17/01/2022
JLM Mortgage Services has become the first mortgage and protection network in the UK to offer a carbon neutral house buying process to all its purchase clients
Posted: 17/01/2022
Second charge lenders have reported a total £118.4m of lending across the second charge space in December, according to the latest Secured Loan Index from Loans Warehouse
Posted: 14/01/2022
The Welsh housing market continued to grow at a faster pace than other regions in the UK during December, according to the latest e.surv Acadata House Price Index
Posted: 13/01/2022
Business owners are turning to second charge mortgages to raise capital as the Omicron variant disrupts industries across the UK, research published by Knowledge Bank has suggested
Posted: 13/01/2022
Fleet Mortgages has announced that it completed £782m of lending during the 2021, posting a pre-tax profit of £6.97m
Posted: 13/01/2022
The pandemic has resulted in job volatility for around a quarter (24%) of UK workers, of which two in five (39%) saw their income decrease, according to new research published by the Mortgage Lender
Posted: 12/01/2022
The Openwork Partnership has widened its mortgage panel with the addition of four specialist residential and buy-to-let (BTL) lenders
Posted: 12/01/2022
The government’s Help to Buy scheme, which will have cost around £29bn in cash terms by 2023, has pushed up house prices in England and failed to provide “value for money”, according to a report published by the House of Lords
Posted: 11/01/2022
Demand from first-time buyers for mortgages remained high in October and November, according to new data from Legal & General Mortgage Club’s SmartrCriteria tool
Posted: 10/01/2022
The UK mortgage market is set for a quieter 2022 after the high levels of activity seen across 2021, the Intermediary Mortgage Lenders Association (IMLA) has predicted
Posted: 10/01/2022
The average price of a UK property has hit a new record high of £276,091, according to the latest Halifax House Price Index
Posted: 07/01/2022
The average cost of buy-to-let (BTL) fixed rate mortgages favoured by landlords has “barely budged” since the Bank of England (BoE) increased its base rate in December, according to research by Property Master
Posted: 07/01/2022
December 2021 saw a 12% rise in mortgage searches compared to the same month a year earlier, new data gathered by Twenty7Tec has revealed
Posted: 05/01/2022
Instructions for remortgages climbed by 11% across the market in November, according to new data published by LMS
Posted: 05/01/2022
A majority 59% of the buy-to-let (BTL) community say they would prefer not to be called landlords, arguing that the term is “dated”, according to a new study
Posted: 05/01/2022
The number of first-time buyers is estimated to have gone past the 400,000 mark for the first time since the financial crisis, according to new analysis from Yorkshire Building Society
Posted: 04/01/2022
Net borrowing of mortgage debt by individuals across the UK climbed to £3.7bn in November, up from £1.1bn in October, new Bank of England (BoE) figures have revealed
Posted: 04/01/2022
A majority 67% of current or aspiring homeowners would consider a lower mortgage rate based on their property’s Energy Performance Certificate (EPC) rating, a new study has found
Posted: 04/01/2022
Over half (53%) of brokers are confident they could clearly explain the characteristics of vulnerability and identify vulnerable customers, a new study by TMA Club has suggested
Posted: 17/12/2021
Broker satisfaction with the time that mortgage lenders are taking to process applications through to offer has increased for a second consecutive time to sit at 74.2%, new research has indicated
Posted: 17/12/2021
Four out of five (80%) consumers are still confusing a mortgage valuation with a survey, according to new research from Countrywide Surveying Services
Posted: 16/12/2021
Borrowers could save over £5,000 on their mortgage payments by switching to a new fixed rate two-year offer, analysis by Experian and L&C Mortgages has indicated
Posted: 15/12/2021
Lending in the second charge loan space climbed to £137.8m for November, according to the latest Secured Loan Index published by Loans Warehouse
Posted: 15/12/2021
Annual house price inflation in the UK slowed to 10.2% over the year to October, according to the latest UK House Price Index from the Office for National Statistics (ONS)
Posted: 15/12/2021
The majority of people (53%) think older family members should offer financial assistance to help their children or grandchildren buy their first home if they can, new research has found
Posted: 14/12/2021
Purchase activity across the buy-to-let (BTL) sector has increased to £18bn this year, according to new UK Finance figures
Posted: 14/12/2021
The outstanding value of all residential mortgage loans in the UK was £1,601.2bn at the end of the third quarter, a figure 4.9% higher than a year ago, new Bank of England (BoE) figures have revealed
Posted: 14/12/2021
First-time buyers across the UK are struggling to secure a mortgage as the conditions created by the COVID-19 pandemic continue to cause issues
Posted: 13/12/2021
Specialist lender, Together, has reported a rise in second charge loans as homeowners make house improvements for 2022
Posted: 13/12/2021
Homeowners across the UK are concerned about the current challenges the housing market is facing, with only one in five believing there are enough affordable homes in their area, new research has found
Posted: 10/12/2021
Around ninety-six per cent of brokers are expecting to write more limited company business in 2022, according to a new study from CHL Mortgages
Posted: 07/12/2021
The average UK property price hit a new record high of £272,992 in November, according to the latest Halifax House Price Index
Posted: 07/12/2021
Kensington Mortgages and Proportunity have announced a new partnership that will see the pair work together to help first-time buyers to get onto the housing ladder
Posted: 06/12/2021
A total of 10,824 properties were bought with a Help to Buy equity loan between April and June, new government figures have revealed
Posted: 02/12/2021
The average monthly number of property sales completing across the UK is still 15.4% lower in comparison to pre-pandemic performance levels
Posted: 02/12/2021
Annual house price growth saw a slight increase in November to 10.0%, according to the latest Nationwide House Price Index
Posted: 01/12/2021
First-time buyers need to raise an extra £22,849 to buy their first home because of the ongoing impact of the pandemic, new research has found
Posted: 30/11/2021
Brokers are optimistic about the future of the advised mortgage market, despite the pandemic testing the industry’s resilience, a study by Accord Mortgages has suggested
Posted: 30/11/2021
Instructions carried out in the remortgage market saw an increase of 35% in October, new research published by LMS has revealed
Posted: 30/11/2021
Around 47,000 borrowers in the UK are “mortgage prisoners”, according to a new review conducted by the FCA
Posted: 29/11/2021
A total 44,130 later life mortgages were taken out in the third quarter, representing a 7% decrease in mortgage volumes compared with Q2, new figures from UK Finance have shown
Posted: 29/11/2021
Net borrowing of mortgage debt by individuals across the UK slipped to £1.6bn in October, new data published by the Bank of England (BoE) has revealed
Posted: 29/11/2021
The UK’s house price to earnings ratio, used to measure housing affordability, reached a record national high of 8.8 times in June this year
Posted: 29/11/2021
The Green Finance Institute has announced the launch of a green mortgage hub
Posted: 26/11/2021
Homeowners in 53% of areas across England and Wales could access more than the average pension pot of £61,930 by using equity release, new research has found
Posted: 24/11/2021
Second charge lenders completed lending worth a total £123.6m in October, according to the latest Secured Loan Index published by Loans Warehouse
Posted: 24/11/2021
The average homebuyer in England is now £37,156 worse off as a result of the stamp duty holiday, according to new analysis carried out by GetAgent
Posted: 23/11/2021
October saw a 48.4% fall in residential property transactions from September, according to new figures published by HMRC
Posted: 23/11/2021
The house building industry led mortgage scheme, Deposit Unlock, has launched across the UK today
Posted: 22/11/2021
Gross lending by building societies climbed by 22% in the third quarter compared to the same period in 2020, new figures published by the Building Societies Association (BSA) have revealed
Posted: 22/11/2021
Kensington Mortgages has launched a new long-term fixed rate mortgage which offers terms up to 40 years
Posted: 22/11/2021
The bridging market delivered “strong growth” in the third quarter of 2021, according to the Association of Short-Term Lenders (ASTL)
Posted: 18/11/2021
Borrowers who have an element of variable income are being offered an average maximum loan size 19% lower than the overall market average, new analysis has revealed
Posted: 18/11/2021
Annual UK house price growth accelerated to 11.8% in September, a figure up from 10.2% in August, according to new data from the Office for National Statistics (ONS)
Posted: 17/11/2021
Aspiring first-time buyers are facing a “harsh reality” with the amount of time it may take them to get onto the housing ladder, according to new research published by Yorkshire Building Society
Posted: 17/11/2021
October saw brokers working with a significant number of borrowers who have recently started a new role, according to new analysis by Knowledge Bank
Posted: 16/11/2021
Using a specialist solicitor for equity release applications can save consumers between 15 and 20 working days on average, compared to employing a non-panel high street firm
Posted: 16/11/2021
TMA Club has added Cambridge Building Society to its lender panel to strengthen the options available for its directly authorised (DA) brokers
Posted: 16/11/2021
Just Mortgages has announced that it has surpassed the milestone of 400 self-employed brokers
Posted: 15/11/2021
Annual house price growth in Scotland accelerated to 13.2% in September, according to the latest Walker Fraser Steele Acadata House Price Index (Scotland)
Posted: 15/11/2021
The number of people moving home in the first half of 2021 has more than doubled compared to the same period last year, new figures from Halifax have revealed
Posted: 15/11/2021
Mortgage arrears continued to fall towards historic lows in the third quarter, with government support for household incomes through the Coronavirus Job Retention Scheme (CJRS) remaining in place until the end of September
Posted: 11/11/2021
The equity release market is on track to surpass the £4bn mark in total equity unlocked this year, according to new data published by Key
Posted: 11/11/2021
Thorough research is even more important for investors’ holiday lets and houses in multiple occupation (HMOs), findings from Mortgage Broker Tools (MBT) have suggested
Posted: 11/11/2021
Mortgage advisers processed more cases in the third quarter than any other since 2015, according to a new report from the Intermediary Mortgage Lenders Association (IMLA)
Posted: 11/11/2021
Eighty-seven per cent of financial advisers would say they need to “re-engage” and become more involved in the later life lending market over the next two to three years, research from Air Mortgage Club has found
Posted: 10/11/2021
The average house price across England and Wales climbed by 1.4% in October, according to the latest e.surv Acadata House Price Index
Posted: 10/11/2021
Specialist Hub has announced it has been appointed to Fleet Mortgages’ packager panel
Posted: 09/11/2021
Hampshire Trust Bank (HTB) has become the latest member to join the Intermediary Mortgage Lenders Association (IMLA)
Posted: 08/11/2021
The average UK house price has surpassed £270,000 for the first time, according to the latest Halifax House Price Index
Posted: 05/11/2021
October was the second busiest month for total mortgage searches in the past year, according to new data published by Twenty7Tec
Posted: 04/11/2021
September saw an increase in broker queries concerning holiday lets, according to PRIMIS Mortgage Network
Posted: 04/11/2021
Instructions for remortgages saw a 50% increase in September, according to new data published by LMS
Posted: 03/11/2021
The average UK house price has risen by more then £30,000 since the start of the pandemic in March 2020, according to the latest Nationwide House Price Index
Posted: 03/11/2021
Borrowers could save over £5,000 on their mortgage payments by switching to a new fixed rate two-year offer, according to new analysis by Experian and L&C Mortgages
Posted: 02/11/2021
Almost two-thirds of self-employed individuals believe it is more difficult for them to secure a mortgage, new research from Foundation Home Loans has found
Posted: 02/11/2021
Ninety-four per cent of brokers are yet to ‘sell’ a green mortgage product, according to research by Countrywide Surveying Services (CSS)
Posted: 02/11/2021
London rents are forecast to increase by 5.5% in 2022 with current market values to breach pre-pandemic levels, new analysis by Benham and Reeves has found
Posted: 01/11/2021
Individuals borrowed £39.5bn of mortgage debt on net in September 2021, the highest since June 2021, new figures published by the Bank of England (BoE) have revealed
Posted: 29/10/2021
Accord Mortgages is updating its criteria this week to better support residential interest only borrowers who are already retired or whose mortgage term would take them into retirement
Posted: 28/10/2021
British mortgage owners face the biggest hike in interest payments since the financial crisis, according to the Liberal Democrats
Posted: 28/10/2021
Hodge, the intermediary only lender, has reduced rates on its RIO and 50+ mortgage products
Posted: 28/10/2021
Saffron Building Society has announced new products aimed at those looking to remortgage, providing a variety to appeal to a wider selection of applicants
Posted: 27/10/2021
Despite ongoing consumer concerns that only borrowers with straightforward incomes and perfect credit histories can access mortgage lending, latest research published today from the Intermediary Mortgage Lenders Association (IMLA), has found that a significant majority of mortgage lenders will lend to applicants with non-standard financial circumstances
Posted: 26/10/2021
Fleet Mortgages has launched its first full buy-to-let product range funded by its new parent, Starling Bank
Posted: 25/10/2021
Homeowners are set to access more than £4bn of property wealth this year via equity release for the first time on record, new figures published by the Equity Release Council have revealed
Posted: 25/10/2021
September saw the number of residential property transactions in the UK climb by 59.7% from August’s total, according to figures published by HMRC
Posted: 21/10/2021
The average UK house price increased by 10.6% over the year to August, a figure up from 8.5% annual growth in July, new figures from the Office for National Statistics (ONS) have revealed
Posted: 20/10/2021
Mortgage affordability hit a 2021 high in September, with the average maximum loan size available up by nearly 10% compared to the start of the year, new findings from Mortgage Broker Tools (MBT) have revealed
Posted: 20/10/2021
Over-65s have seen their property wealth increase by more than £800 a month in the past six months, according to new research from Key
Posted: 20/10/2021
There are currently around 900 lenders in the UK covering an array of finance options, according to research by Pitch 4 Finance
Posted: 19/10/2021
Paradigm Mortgage Services has added Dudley Building Society to its lender panel
Posted: 19/10/2021
Demand for capital raising mortgage options remained high through August and September, according to new data from Legal & General Mortgage Club’s SmartrCriteria tool
Posted: 15/10/2021
Specialist Hub has announced the launch of its packaging service to the market
Posted: 15/10/2021
Rents on detached homes increased twice as fast as the average for all UK properties during the third quarter, according to The Deposit Protection Service (The DPS)
Posted: 14/10/2021
Rental yields across England and Wales saw a 0.7% rise in Q3 compared to Q2, according to new data from Fleet Mortgages
Posted: 13/10/2021
Rising house prices have pushed back the time to purchase a home for first-time buyers by more than five years, according to new analysis from Wayhome
Posted: 13/10/2021
Annual house price growth across homes in England and Wales has now slowed to 3.6%, according to the latest e.surv Acadata House Price Index
Posted: 12/10/2021
Mortgage application volumes climbed by 17% in September this year in comparison to figures from September 2019, before the stamp duty holiday was in effect
Posted: 11/10/2021
Seven businesses from the mortgage industry have joined together to launch the Mortgage Industry Mental Health Charter (MIMHC)
Posted: 11/10/2021
UK house prices climbed by 1.7% in September as the stamp duty holiday drew to a close
Posted: 07/10/2021
CHL Mortgages has announced a new partnership with Mortgage Intelligence
Posted: 06/10/2021
Twenty7Tec has suggested the mortgage market is returning to its “long-term norm”, after reporting a climb in remortgage searches across the mortgage market in September
Posted: 05/10/2021
Nationwide has become the first major lender to sign up to the ‘Deposit Unlock’ mortgage indemnity scheme
Posted: 04/10/2021
eConveyancer has launched a new panel management partnership with specialist mortgage broker, Haysto
Posted: 04/10/2021
Annual house price growth has eased back to 10.0% in September, according to the latest Nationwide House Price Index
Posted: 30/09/2021
Individuals across the UK borrowed a net £5.3bn of mortgage debt in August, new figures published by the Bank of England (BoE) have revealed
Posted: 29/09/2021
Just Mortgages has announced it is to bring 120 new brokers into the mortgage industry over the next 12 months
Posted: 28/09/2021
Homes with the highest energy ratings are worth up to £40,000 more on average compared to less sustainable properties, new research from Halifax has revealed
Posted: 27/09/2021
Total mortgage capital repayments have risen by 20% year-on-year to take the total amount of debt repaid in the first half of 2021 to £38bn, a new report from the Equity Release Council has revealed
Posted: 24/09/2021
The amount of time to sell a home across England increased by over two weeks during the first half of this year and in the run-up to the initial stamp duty deadline, new research from GetAgent has revealed
Posted: 23/09/2021
Two thirds of UK landlords allowed flexibility on rental payments during the pandemic, although the majority are planning to increase rents in the coming year, new research from Market Financial Solutions (MFS) has found
Posted: 22/09/2021
Lending across the second charge market totalled £95.6m in August, new figures published by Loans Warehouse have revealed
Posted: 22/09/2021
Mortgage brokers are losing out on more than £35m worth of procurement fee income each year as a result of missing out on the best affordability options for their clients
Posted: 22/09/2021
August saw a 20.8% annual rise in the number of residential property transactions, new HMRC figures have revealed
Posted: 21/09/2021
Broker queries relating to adverse credit dominated PRIMIS Mortgage Network’s product desk during August
Posted: 21/09/2021
The national average price of property coming to market has reached a new all-time high after rising by 0.3% this month, new data from Rightmove has revealed
Posted: 20/09/2021
UK Finance and the Building Societies Association (BSA) are calling for changes to be made to the Support for Mortgage Interest (SMI) scheme, to help struggling homeowners as the furlough scheme draws to a close
Posted: 17/09/2021
Whole of market mortgage research has become more vital as rising property prices present fewer affordable loan options, research from Mortgage Broker Tools has suggested
Posted: 17/09/2021
The stamp duty holiday has increased the price of a first-time buyer home by an average 11.7% in England, according to new research published by GetAgent
Posted: 16/09/2021
Average house prices in Scotland reached a new record level during July, the latest Walker Fraser Steele Acadata House Price Index (Scotland) has revealed
Posted: 15/09/2021
Annual UK house price growth slowed to 8.0% in July, according to the latest Office for National Statistics (ONS) House Price Index
Posted: 15/09/2021
Trussle has announced a new “mortgage speed promise” to its customers that will see advice offered within 24 hours, and a mortgage decision within five days
Posted: 14/09/2021
The outstanding value of all residential mortgage loans across the UK has risen by 4.6% in the last year, new figures published by the Bank of England (BoE) have revealed
Posted: 14/09/2021
The remortgage market experienced an “overwhelmingly healthy” second quarter, according to new research published by LMS
Posted: 14/09/2021
The three months to the end of August have seen a rise in the volume of second charge mortgage lending to borrowers with prime credit ratings, according to new research published by Evolution Money
Posted: 13/09/2021
Guardian Financial Services has announced it is joining Mortgage Intelligence’s protection panel
Posted: 09/09/2021
Property agents reported another fall in new homes being listed on the market during August as well as a drop in sales, as the stamp duty holiday continues to be tapered out
Posted: 09/09/2021
House prices across England and Wales saw a 1.4% monthly drop in August, according to the latest e.surv Acadata House Price Index
Posted: 08/09/2021
A significant number of borrowers may end up paying their mortgage into retirement as rising house prices cause them to elongate their mortgage terms, according to new research from Knowledge Bank
Posted: 08/09/2021
The average borrowed amount by those with mortgages has “soared” during the pandemic, according to research by Trussle
Posted: 08/09/2021
The proportion of property transactions accounted for by the new-build sector hit its lowest level in a decade in 2020, research from Warwick Estates has found
Posted: 08/09/2021
The pace of annual house price growth slowed to 7.1% in August, according to the latest Halifax House Price Index
Posted: 07/09/2021
Four out of five (81%) homebuyers are confident they won’t see a drop in the value of their home despite the looming final stamp duty deadline, according to a study from Barrows and Forrester
Posted: 06/09/2021
Just 15% of working age people believe that the government’s mortgage guarantee scheme could apply to them, a new study has revealed
Posted: 06/09/2021
VIBE Specialist Finance has launched a new regulated mortgage and protection division to complement its existing specialist finance arm
Posted: 06/09/2021
The second quarter of 2021 saw the highest quarterly levels of homeowner purchase activity in 13 years, according to a new report published by UK Finance
Posted: 02/09/2021
Annual house price growth jumped to 11.0% in August from 10.5% in July, the latest Nationwide House Price Index has revealed
Posted: 01/09/2021
Over-55s taking advantage of the stamp duty holiday have driven a 116% year-on-year increase in the number of people using equity release for property purchase, according to new data from more2life
Posted: 01/09/2021
Almost 400,000 UK property transactions have been down valued in the last year alone, new estimates from Benham and Reeves have revealed
Posted: 31/08/2021
Individuals repaid £1.4bn of mortgage debt on net in July following a record net borrowing in June of £17.7bn, new figures published by the Bank of England (BoE) have revealed
Posted: 31/08/2021
Specialist equity release and lifetime mortgage broker, KIS Finance, has seen enquiries for equity release increase by 110% when comparing the first half of 2019 to the first half of 2021
Posted: 27/08/2021
Foundation Home Loans has announced a full re-release of its entire buy-to-let product range with fees reduced by up to a full 1% at the same time as rate reductions of up to 0.25%, plus the introduction of a new short-term-let product with a flat fee
Posted: 26/08/2021
Masthaven Bank has announced a number of rate cuts on its residential first charge range to help support UK borrowers and brokers
Posted: 26/08/2021
Almost two thirds (64%) of first time buyers have a second source of income to help them save for a deposit, with this figure rising to 85% in London, a new survey from Ipswich Building Society has revealed
Posted: 25/08/2021
Accord Mortgages is changing the tax thresholds used when applying the relevant interest coverage ratio (ICR) to buy-to-let applications
Posted: 25/08/2021
F4B Network has announced the addition of Precise Mortgages to its lending panel
Posted: 24/08/2021
July saw a monthly fall of 62.8% in the number of residential property transactions across the UK, new HMRC figures have revealed
Posted: 24/08/2021
The role of the stamp duty holiday in the rise in UK house prices across the last year has been “overstated”, according to research published by Resolution Foundation
Posted: 24/08/2021
CHL Mortgages has announced that it has added its criteria to the Knowledge Bank platform
Posted: 24/08/2021
Instructions for remortgages across the UK climbed by 27% in July, according to new data published by LMS
Posted: 23/08/2021
One quarter (25%) of young people in Scotland say that a lack of knowledge is a key barrier to homeownership, a new Bank of Scotland study has found
Posted: 18/08/2021
Homebuyers could end up £326,000 wealthier over a 30-year period than people who rent, without even considering potential house price growth, a new report published by the Equity Release Council (ERC) has revealed.
Posted: 18/08/2021
The average UK house price increased by 13.2% over the year to June, new data published by the Office for National Statistics (ONS)
Posted: 18/08/2021
Sixty-four per cent of brokers are expected to adopt a hybrid approach of remote and face-to-face working after the lifting of pandemic restrictions, a study from TMA Club has found
Posted: 18/08/2021
There has been a sharp increase in the number of mortgage sales with a term of more than 35 years at the beginning of 2021, according to data gathered by Quilter
Posted: 17/08/2021
Scottish house prices have fallen by £4,000 since a peak in March according to data from Walker Fraser Steele, which suggested the ending of the Land and Buildings Transaction Tax (LBTT) holiday can now be seen in the average prices
Posted: 17/08/2021
CHL Mortgages has announced the addition of The Business Mortgage Company (TBMC) to its distribution panel
Posted: 17/08/2021
A third of self-employed homeowners have increased their unsecured debts while a quarter have deferred mortgage payments to prop up their finances during the pandemic, according to new research by The Mortgage Lender (TML)
Posted: 16/08/2021
Broker searches for furlough friendly mortgage criteria continued to fall month-on-month between June and July, after data from Legal & General Mortgage Club’s SmartrCriteria tool showed a -18% drop
Posted: 16/08/2021
The number of landlords intending to release equity from their existing portfolios has seen a significant increase, new research from BVA BDRC has found
Posted: 16/08/2021
A total of 15,341 properties were bought using Help to Buy loans between 1 January and 31 March this year, a 61% increase on the same period in 2020
Posted: 13/08/2021
Air Group has reported a “drop-off” in the scores for its equity release provider Temperature Check report, which allows smaller advisers to provide feedback on providers’ service levels
Posted: 13/08/2021
PRIMIS Mortgage Network has reported that its product desk supported appointed representative (AR) advisers with 2,123 queries in July, a 10% increase on the same month last year
Posted: 13/08/2021
The number of new buyer enquiries slowed in July as the stamp duty holiday started to taper off, data from RICS has revealed
Posted: 13/08/2021
Total mortgage arrears remain close to historically low levels due to the effects of payment deferrals and other tailored COVID-19 related support, new data published by UK Finance has revealed
Posted: 12/08/2021
Asking prices across several areas of the property market tumbled in the wake of the initial stamp duty holiday deadline at the end of June, according to new research from GetAgent
Posted: 11/08/2021
June saw a rise in mortgage brokers carrying out criteria searches for “maximum LTV”, new analysis from Knowledge Bank has revealed
Posted: 10/08/2021
Average adviser business volumes reached new highs in the second quarter of 2021, according to findings published by the Intermediary Mortgage Lenders Association (IMLA)
Posted: 10/08/2021
The average UK property price is now £261,221, up 0.4% in July compared to June’s figure, according to the latest Halifax House Price Index
Posted: 06/08/2021
Ipswich Building Society has announced that it will allow more flexibility for older borrowers when assessing SIPP/pension funds in affordability calculations for over-55s
Posted: 05/08/2021
The pandemic has shifted the priorities of customers when it comes to looking for a mortgage lender, according to a new study from Masthaven Bank
Posted: 05/08/2021
The construction supply chain struggled to keep pace with increasing new housing and infrastructure across the UK in the second quarter, according to data from RICS
Posted: 05/08/2021
Over two-thirds of property professionals (71%) believe that valuers should reflect the Energy Performance Certificate (EPC) rating in value, depending on a property’s EPC rating, new research has found
Posted: 04/08/2021
One Mortgage System (OMS) has completed a full integration with lender, Selina Finance
Posted: 04/08/2021
JLM Mortgage Services has announced the launch of a campaign by its appointed representative (AR) firm, Greenacre Financial Services, to help more deaf and hard of hearing people secure mortgage advice
Posted: 03/08/2021
Instructions across the remortgage market rose by 16% in June, according to new data published by LMS
Posted: 03/08/2021
Ninety-four per cent of financial advisers are confident about the outlook for the equity release market over the next year, while less than three-quarters (71%) feel the same about the residential property market
Posted: 02/08/2021
The end of the mortgage payment holidays scheme this weekend could lead to a surge in customers in need of specialist support or more tailored lending over the next year, according to Masthaven Bank
Posted: 30/07/2021
The number of exchanges between clients and conveyancing solicitors spiked last month as the rush to meet the stamp duty holiday increased communications pressures on the industry
Posted: 30/07/2021
PRIMIS Mortgage Network has reported that its product desk supported appointed representative (AR) advisers with 2,275 queries in June
Posted: 30/07/2021
The Nottingham has reported a profit after tax of £4.9m for the first half of 2021
Posted: 29/07/2021
Net mortgage borrowing hit a record £17.9bn in June, new figures published by the Bank of England (BoE) have revealed
Posted: 29/07/2021
Annual house price growth has remained in double digits during July but slipped back to 10.5%, according to the latest Nationwide House Price Index
Posted: 28/07/2021
Paradigm Mortgage Services has announced the addition of Hampshire Trust Bank (HTB) to its lender panel
Posted: 28/07/2021
CHL Mortgages has become a patron of the National Association of Commercial Finance Brokers (NACFB)
Posted: 27/07/2021
The Intermediary Mortgage Lenders Association (IMLA) has predicted a rise in gross mortgage lending to £285bn in 2021, according to the trade body’s latest report
Posted: 26/07/2021
Newcastle Building Society has announced the launch of its 95% LTV mortgages range which will be available under the government’s First Homes scheme
Posted: 23/07/2021
Darlington Intermediaries has joined the lender panel of Brilliant Solutions mortgage club
Posted: 23/07/2021
Ipswich Building Society has announced that it has been added to the PRIMIS Mortgage Network lender panel
Posted: 22/07/2021
Brokers would consider complex buy-to-let (BTL) lenders to be the most flexible with mortgage applications compared to any other mortgage sector, a new study from Smart Money People has revealed
Posted: 22/07/2021
June saw a 74.1% monthly increase in residential property transactions across the UK, according to new HMRC data
Posted: 21/07/2021
Paradigm Mortgage Services has confirmed a new partnership with digital mortgage lender, Molo Finance
Posted: 21/07/2021
Sesame Bankhall Group (SBG) has announced the addition of United Trust Bank (UTB) to PMS Mortgage Club and Sesame Network’s lender panels
Posted: 21/07/2021
Seventy-eight per cent of first-time buyers have said they would be likely to use a broker to help them arrange their first mortgage, new research from Yorkshire Building Society has revealed
Posted: 20/07/2021
The busiest first half of a year ever recorded in the UK property market has pushed the average price of property coming to market to a new record high for the fourth consecutive month, new data from Rightmove has revealed
Posted: 19/07/2021
Confidence among mortgage brokers has increased since the start of 2021, according to new research from Masthaven Bank
Posted: 19/07/2021
Older homeowners have received £1.94bn in property wealth in the first half of the year as the equity release market continued its lockdown recovery, new data from Key has revealed
Posted: 16/07/2021
CHL Mortgages has announced a new partnership with Mortgage Advice Bureau (MAB) to expand its distribution
Posted: 16/07/2021
The average house price in Scotland fell by 0.1% in May, according to the latest Walker Fraser Steele Acadata House Price Index (Scotland)
Posted: 15/07/2021
The second charge lending market has now hit pre-pandemic levels of lending and surpassed the £100m barrier, according to the latest Secured Loan Index from Loans Warehouse
Posted: 15/07/2021
As the countdown begins to the end of the stamp duty holiday on 30 September there are currently 41 buy-to-let (BTL) mortgages on the market at the record low rate of 1.5% or below, new research from Property Master has revealed
Posted: 14/07/2021
The average UK house price increased by 10.0% over the year to May, according to the latest UK House Price Index published by the Office for National Statistics (ONS)
Posted: 14/07/2021
The Association of Mortgage Intermediaries (AMI) has launched a broker survey looking at diversity, equity and inclusion within the mortgage sector
Posted: 13/07/2021
UK Finance has announced that seven mortgage lenders are to cover the cost of making existing EWS1 forms publicly available through the Fire Industry Association (FIA) Building Safety Information Portal
Posted: 12/07/2021
Brunel Mortgages has appointed One Mortgage System (OMS) as its preferred tech provider
Posted: 12/07/2021
House prices across England and Wales grew by 0.8% in June, according to the latest e.surv House Price Index
Posted: 09/07/2021
Fewer lenders have been able to provide the loan size requested by borrowers over the last six months, research from Mortgage Broker Tools (MBT) has revealed
Posted: 09/07/2021
Knowledge Bank has reported an increase in the number of mortgage brokers searching for “time in current employment” for both residential and second charge mortgages
Posted: 08/07/2021
The UK’s housing market suffered a third consecutive monthly fall in the number of new properties coming onto the market in June, according to the latest Residential Market Survey published by the Royal Institution of Chartered Surveyors (RICS)
Posted: 08/07/2021
An additional 804 mortgage products came onto the market in June, resulting in a total figure up 6.6% on May, new data published by Twenty7Tec has revealed
Posted: 07/07/2021
The average UK house price dropped by 0.5% in June, the first monthly dip since January, according to the latest Halifax House Price Index
Posted: 07/07/2021
Interest from homebuyers in London’s £2m+ market climbed by 4% during the second quarter of 2021, compared to the first three months of the year
Posted: 06/07/2021
Three in ten (30%) prospective first-time buyers have paused plans to purchase their first property as a result of COVID-19, a new study has revealed
Posted: 06/07/2021
The Financial Intermediary and Broker Association (FIBA), part of SimplyBiz, has announced that its members will now have access to TFG Capital’s full proposition, as it becomes the latest lender partner to join the trade body
Posted: 06/07/2021
Remortgage instruction volumes climbed by 9.7% in May, according to new data published by LMS
Posted: 05/07/2021
Just Mortgages has announced that it recruited 37 new brokers in June
Posted: 01/07/2021
Six out of 10 homeowners aged over 55 say they would never consider equity release, according to new research
Posted: 29/06/2021
Net mortgage borrowing rebounded to £6.6bn in May from £3bn in April, but remained below the record £11.4bn in March, according to the Bank of England’s monthly Money and Credit statistical release
Posted: 29/06/2021
Annual house price growth in the UK has risen to 13.4% in the year to June, the highest level since November 2004, according to the latest Nationwide House Price Index
Posted: 29/06/2021
The Mortgage Lender has reduced rates and fees on its buy-to-let range and introduced a new two and five-year Limited Edition with completion fees of 1%
Posted: 25/06/2021
Newcastle Building Society has announced a range of mortgages that offer 95% LTV on new-build properties
Posted: 24/06/2021
The average property is taking 274 days to sell from the point of listing online to being marked as completed by the Land Registry, new analysis from GetAgent has revealed
Posted: 23/06/2021
There is currently £1.3trn worth of housing stock within the private rental sector in England, according to research by Sequre Property Investment
Posted: 22/06/2021
May saw 103,100 residential property transactions in the UK, according to the provisional non-seasonally adjusted estimate from HMRC
Posted: 22/06/2021
Evolution Money has reported that 74% of its second charge mortgages have been used for debt consolidation purposes, compared to 26% which have been used by clients with a prime credit rating
Posted: 22/06/2021
Anti-money laundering specialist, SmartSearch, has warned firms against rushing through AML checks in a bid to beat the upcoming stamp duty holiday deadline at the end of June
Posted: 21/06/2021
Loans Warehouse has been added to Mortgage Advice Bureau’s (MAB) new specialist broker panel
Posted: 17/06/2021
CHL Mortgages has announced a new partnership with Twenty7Tec to offer intermediaries wider access to its product range, following CHL’s return to the specialist buy-to-let (BTL) market
Posted: 17/06/2021
The average UK house price increased by 8.9% over the year to April, according to the latest UK House Price Index published by the Office for National Statistics (ONS)
Posted: 16/06/2021
Second charge lending totalled £90.0m in May, a rise of £12.4m compared to April, according to the latest Secured Loan Index from Loans Warehouse
Posted: 16/06/2021
Customers with adverse credit are more positive about their prospects for a successful mortgage application than they were six months ago, according to new research by Pepper Money
Posted: 16/06/2021
Dynamo for Intermediaries has announced the appointment of CHL Mortgages following the specialist buy-to-let (BTL) lender’s return to lending earlier this year
Posted: 16/06/2021
House prices in Scotland fell by 1.5% in April after the Land and Buildings Transaction Tax (LBTT) holiday came to an end in March
Posted: 15/06/2021
Mortgage search activity by advisers is showing signs that the market is beginning to normalise, according to new findings from Legal & General Mortgage Club’s SmartrCriteria tool
Posted: 15/06/2021
Annual house price growth across England and Wales hit 13.4% in May, according to the latest e.surv House Price Index
Posted: 14/06/2021
Paradigm Mortgage Services has announced the addition of returning buy-to-let (BTL) lender, CHL Mortgages, to its panel
Posted: 14/06/2021
Yorkshire Building Society has announced reductions to selected rates for its remortgage customers
Posted: 11/06/2021
House prices in the UK are continuing to rise as new listings fail to keep up with the number of interested buyers, according to new research from the Royal Institution of Chartered Surveyors (RICS)
Posted: 10/06/2021
Broker satisfaction with mortgage lenders has seen a 2.5% increase from 77.8% to 80.3% in the last six months, according to new research from Smart Money People
Posted: 10/06/2021
“Furloughed workers” is no longer among the most searched terms by brokers, new data published by Knowledge Bank has revealed
Posted: 10/06/2021
The average house price has grown almost four times faster than the average maximum loan offered by lenders over the last 12 months, new research from Mortgage Broker Tools (MBT) has revealed
Posted: 10/06/2021
Just 17% of people aged 45 and above say they are very confident they have considered all their retirement funding options, new findings from Air Group have revealed
Posted: 09/06/2021
Online research has overtaken recommendations from friends and family as the way that most people would find a mortgage broker, new research by Pepper Money has revealed
Posted: 09/06/2021
Instructions across the remortgage market fell by 16.1% in April, according to new data published by LMS
Posted: 08/06/2021
Proportunity Loans has become the latest firm to join the Intermediary Mortgage Lenders Association (IMLA)
Posted: 08/06/2021
Annual house price inflation in the UK is now at its strongest level in almost seven years, the latest Halifax House Price Index has revealed
Posted: 07/06/2021
The government has announced the launch of its First Homes scheme which will give first-time buyers the chance to apply for a discount of at least 30% on a new-build home
Posted: 04/06/2021
Twenty7Tec has reported that it recorded its seven busiest ever days for ESIS documents on a seven-day rolling basis in May
Posted: 03/06/2021
The remortgage market experienced a strong first quarter driven by rising house prices across the UK, according to new data published by LMS
Posted: 03/06/2021
House purchase lending surged in the first quarter of 2021, new data published by UK Finance has revealed
Posted: 03/06/2021
Eighty-five per cent of homebuyers believe that the current market bottleneck caused by stamp duty holiday demand has caused their purchase to be delayed, a new study has found
Posted: 03/06/2021
Net mortgage borrowing across the UK mortgage market fell to £3.3bn in April, down from a record £11.5bn in March, according to new figures published by the Bank of England (BoE)
Posted: 02/06/2021
Applications for mortgages in May were up by 8% on their pre-pandemic levels from 2019, according to new data released by Experian
Posted: 01/06/2021
Annual house price growth in the UK climbed to 10.9% during May, its highest level in almost seven years, the latest Nationwide House Piece Index has revealed
Posted: 01/06/2021
CHL Mortgages has announced a new distribution partnership with Legal & General Mortgage Club
Posted: 01/06/2021
The Association of Mortgage Intermediaries (AMI) has welcomed recent court support for interest-only mortgage cases
Posted: 28/05/2021
Paradigm head of mortgages, John Coffield, and managing director of United Trust Bank’s (UTB) Mortgages & Bridging Division, Robert Owen, have today announced their retirements
Posted: 27/05/2021
The government is being urged to make critical changes to its Support for Mortgage Interest (SMI) scheme to ensure thousands of households are helped before their financial situation deteriorates
Posted: 27/05/2021
A fixation with mortgage interest rates among UK borrowers is leaving them susceptible to thousands of pounds in unexpected costs, according to research from Legal & General Mortgage Club
Posted: 26/05/2021
One in 10 mortgage applicants have been rejected by lenders because they had taken advantage of loan repayment holidays in the past, a new study has revealed
Posted: 25/05/2021
SimplyBiz Mortgages and Key Group have announced the launch of a new proposition to support SimplyBiz members operating in the later life lending market
Posted: 24/05/2021
CHL Mortgages has announced the addition of New Leaf to its select distribution panel
Posted: 24/05/2021
April saw 117,860 residential property transactions across the UK, according to new figures published by HMRC
Posted: 21/05/2021
MPowered Mortgages has become the latest lender to go live on Mortgage Brain’s criteria-based sourcing solution, Criteria Hub
Posted: 21/05/2021
Satisfaction among mortgage brokers in terms of how quickly lenders are processing applications through to offer has increased by 6.5% since H2 2020, according to new research from Smart Money People
Posted: 20/05/2021
Customers aged 55 and over are finding it harder to secure a mortgage for the amount they require than customers who are self-employed, new findings from Mortgage Broker Tools (MBT) have revealed
Posted: 20/05/2021
Criteria searches for lenders willing to consider borrowers with unsatisfied defaults rose by 108% last month, according to data from Legal & General Mortgage Club’s SmartrCriteria tool
Posted: 20/05/2021
The average house price in Scotland has risen by 11.2% over the last year, according to the latest Walker Fraser Steele Acadata House Price Index (Scotland)
Posted: 19/05/2021
The average UK house price increased by 10.2% over the year to March, the highest annual growth rate the UK has seen since August 2007
Posted: 19/05/2021
UK estate agents have generated an estimated £2.7bn in agency fees since the introduction of the stamp duty holiday last year, new research has revealed
Posted: 18/05/2021
MoneyAge is delighted to announced that O’Neill Patient is sponsoring The Mortgage Awards 2021
Posted: 18/05/2021
Twenty7Tec has announced that it has integrated with aggregated property data solutions provider, WhenFresh
Posted: 18/05/2021
The housing market in Wales continued to set new records in the first quarter of the year as the average Welsh house price reached £212,751, the latest Wales House Price Index from Principality Building Society has revealed
Posted: 17/05/2021
Confidence among intermediaries for the outlook for the mortgage industry, the intermediary sector and their own businesses increased significantly in the first three months of 2021, according to new research from the Intermediary Mortgage Lenders Association (IMLA)
Posted: 17/05/2021
CHL Mortgages has announced the launch of a new buy-to-let (BTL) product range with a limited group of directly authorised brokers and selected packager partners
Posted: 17/05/2021
House prices in England and Wales have climbed by 11.7% in the last year, according to the latest e.surv House Price Index
Posted: 14/05/2021
PRIMIS Mortgage Network and Eligible.ai have agreed a new partnership that will give the network’s appointed representative (AR) brokers access to Eligible’s personalised client engagement platform, Retain
Posted: 14/05/2021
Mortgage arrears remain near to the historically low levels seen at the end of 2020 as a direct result of payment deferrals and other tailored forbearance, new data published by UK Finance has revealed
Posted: 13/05/2021
A total of 21,026 properties were bought with a Help to Buy equity loan in the fourth quarter of 2020, an increase of 40% from the same period in 2019, new figures published by HMRC have revealed
Posted: 13/05/2021
A slowdown in the supply of new homes in April has seen price growth accelerate across the UK, according to the latest RICS Residential Market Survey
Posted: 13/05/2021
Second charge lending totalled £77.6m in April, a £13.8m decrease compared to March, according to the latest Secured Loan Index from Loans Warehouse
Posted: 12/05/2021
Mortgage Broker Tools (MBT) and SimplyBiz Mortgages have announced a partnership which will provide the mortgage club’s members with access to the MBT Affordability platform
Posted: 12/05/2021
The current stamp duty relaxation has so far triggered a 7% rise in house prices from June 2020 to February 2021, according to new analysis by Search Acumen
Posted: 10/05/2021
House prices across the UK climbed by 1.4% in April compared to March, according to the latest Halifax House Price Index
Posted: 10/05/2021
Twenty7Tec has reported that its 12 busiest ever days for ESIS documents for 95% LTV and above products were recorded in April
Posted: 07/05/2021
Ipswich Building Society has announced it will no longer be operating ‘later life’ mortgages aimed solely at over 50s
Posted: 07/05/2021
March saw a 17.2% increase in instruction volumes across the remortgage market, the latest LMS Monthly Remortgage Snapshot has revealed
Posted: 06/05/2021
“Soft footprint at DIP stage” was the most searched criteria term by brokers in the residential market during April, according to new research from Knowledge Bank
Posted: 06/05/2021
Darlington Building Society has become the latest lender to join MCI Mortgage Club’s lender panel
Posted: 06/05/2021
The Prime Central London (PCL) residential property market in 2020 experienced the lowest volume of annual sales transactions on record, according to data analysed by London Central Portfolio
Posted: 05/05/2021
Net mortgage borrowing hit £11.8bn in March, new data published by the Bank of England (BoE) has revealed
Posted: 04/05/2021
CHL Mortgages has announced its return to lending as an intermediary-only specialist buy-to-let (BTL) lender after 13 years
Posted: 04/05/2021
The total number of Stamp Duty Land Tax (SDLT) transactions in the first quarter of 2021 saw a 48% rise from the same period in 2020, new figures from HMRC have revealed
Posted: 30/04/2021
A total £1.14bn in property wealth has been released by equity release customers in the first three months of 2021, new figures from the Equity Release Council (ERC) have revealed
Posted: 30/04/2021
Annual house price growth rebounded to 7.1% during April, a level up from 5.7% in March, according to the latest Nationwide House Price Index
Posted: 30/04/2021
Just Mortgages has reported that its lending figures increased by 59% to £3.5bn in 2020, with profits up by 20%
Posted: 30/04/2021
MCI Mortgage Club has announced the addition of Newbury Building Society to its panel of lenders
Posted: 29/04/2021
Specialist Financial Services has been appointed as a packager for Roma Finance
Posted: 28/04/2021
The volume of searches on Legal & General Mortgage Club’s SmartrCriteria tool jumped by 17% in March compared to the previous month
Posted: 28/04/2021
SimplyBiz has confirmed that it will be working with the recently launched independent Financial Vulnerability Taskforce
Posted: 28/04/2021
more2life has launched a new 58% LTV product, Prime Max Lump Sum, which it says currently offers the highest LTV in the equity release market
Posted: 27/04/2021
Almost £150bn-worth of home sales took place across the UK in the first 15 weeks of this year, according to a property website, nearly double the value of homes sold subject to contract in the same period in 2020 and 2019
Posted: 27/04/2021
New plans supported by over £150m in new government funding will make it easier and more affordable for people to build their own homes, the Housing Secretary Robert Jenrick has announced
Posted: 26/04/2021
PRIMIS Mortgage Network’s product desk supported Appointed Representative (AR) advisers with 2,823 queries during March – an all-time record for the network’s product desk
Posted: 26/04/2021
Foundation Home Loans has launched a new suite of residential products
Posted: 23/04/2021
More than eight out of 10 brokers use the affordability calculators of up to six lenders when sourcing a single case, according to new research by Mortgage Brain
Posted: 22/04/2021
Annual house price growth in Scotland reached 9.6% during February, according to the latest Scotland House Price Index from Walker Fraser Steel
Posted: 22/04/2021
There were 190,980 residential transactions across the UK property market in March, new HMRC data has revealed
Posted: 21/04/2021
The average UK house price increased by 8.6% over the year to February, a figure up from 8.0% in January, according to the latest UK House Price Index published by the Office for National Statistics (ONS)
Posted: 21/04/2021
The Association of Mortgage Intermediaries (AMI) has criticised the FCA’s latest consultation on regulated fees and levies
Posted: 20/04/2021
Nationwide is to launch a new mortgage that will enable first-time buyers the option of borrowing up to 5.5 times their income when taking a five or 10-year fixed rate up to 90% LTV
Posted: 20/04/2021
Eighty-seven per cent of first-time buyers can now afford a housing deposit above £15,000, according to new findings from Trussle
Posted: 20/04/2021
Paradigm Mortgage Services has announced the addition of new lender, MPowered Mortgages, to its panel
Posted: 20/04/2021
A monthly price surge of 2.1% equivalent to £6,733 has propelled new seller asking prices to a new record high, according to the latest Rightmove House Price Index
Posted: 19/04/2021
The government-backed 95% LTV mortgage guarantee scheme is launching today, the Ministry of Housing has confirmed
Posted: 19/04/2021
Three in five (60%) borrowers whose financial circumstances have been impacted by the coronavirus pandemic agree it will be important to seek advice when looking to secure their next mortgage, according to new research from Legal & General Mortgage Club
Posted: 16/04/2021
MoneyAge is delighted to announced that eConveyancer is sponsoring The Mortgage Awards 2021
Posted: 15/04/2021
Aldermore bank has become the latest lender to join the Mortgage Market Alliance (MMA)
Posted: 15/04/2021
The average cost of a home for a first-time buyer has seen a 7% rise since last May, according to new analysis by BuildScan
Posted: 14/04/2021
SimplyBiz Mortgages has added new lender MPowered Mortgages to its lender panel
Posted: 14/04/2021
Second charge lending totalled £91.4m in March, reflecting a 31.27% increase worth £28.1m on the previous month, new data published by Loans Warehouse has revealed
Posted: 14/04/2021
Bluestone Mortgages has announced an update to its credit policy that will see the lender provide more support to self-employed borrowers impacted by the coronavirus pandemic
Posted: 12/04/2021
Homeowners are utilising second charge mortgages to raise money to invest in buy-to-let (BTL) properties, home improvements and also consolidate debt, according to new findings from Knowledge Bank
Posted: 12/04/2021
The volume of new business conducted across the second charge mortgage market fell by 37% in February, according to figures published by the Finance & Leasing Association (FLA)
Posted: 12/04/2021
Mortgage Broker Tools (MBT) has announced a new partnership with Iress to deliver an integrated research platform
Posted: 12/04/2021
The average UK house price climbed by 1.1% in March compared to February, according to the latest Halifax House Price Index
Posted: 09/04/2021
Searches for 95% LTV mortgages have increased by nearly eight times since the start of the year, according to research published by Mortgage Broker Tools (MBT)
Posted: 09/04/2021
Evolution Money has reported a drop in the number of borrowers using second charge mortgages for debt consolidation purposes
Posted: 09/04/2021
Mortgage Broker Tools (MBT) has announced the launch of a new partnership with Dynamo for Intermediaries
Posted: 08/04/2021
The total value of UK private property passed £6trn for the first time at the end of 2020, as the equity release market recovered from the first coronavirus lockdown
Posted: 08/04/2021
House prices increased in March due to demand outpacing supply, according to findings from the latest RICS Residential Market Survey
Posted: 08/04/2021
The Mortgage Lender (TML) has become the latest lender to join the Mortgage Market Alliance (MMA)
Posted: 08/04/2021
LMS has reported a “positive outlook for remortgaging in 2021”, despite a fall in the overall score of its Quarterly Remortgage Healthcheck Index
Posted: 07/04/2021
Legal & General Mortgage Club has announced a partnership with newly launched lender, MPowered Mortgages
Posted: 07/04/2021
First-time buyers are saving more than £800 a year as the gap between buying and renting has stretched by 8% over the past 12 months, new data has revealed
Posted: 06/04/2021
Legal & General Mortgage Club has added six lenders to its SmartrFit tool, which allows advisers to determine suitable mortgage providers for their clients
Posted: 06/04/2021
Annual house price growth in the UK slowed to 5.7% in March, down from 6.9% in February, according to the latest Nationwide House Price Index
Posted: 31/03/2021
Flat roofs, commercial property and clutter are barriers to acceptance when it comes to applying for equity release, according to findings from more2life
Posted: 30/03/2021
Property Master has called on the government to close the “green gap” and bring forward a replacement for the green homes grant scheme
Posted: 30/03/2021
Instruction volumes across the remortgage market climbed by 19.1% during February, according to new data published by LMS
Posted: 29/03/2021
Net mortgage borrowing increased to its highest monthly level in five years during February, with individuals borrowing an additional £6.2bn secured on their homes, new Bank of England (BoE) figures have revealed
Posted: 29/03/2021
The Intermediary Mortgage Lenders Association (IMLA) has announced that Louisa Sedgwick has stepped down as the trade body’s first female chair
Posted: 29/03/2021
Online mortgage broker, Trussle, has urged homeowners in financial difficulty to consider the pros and cons of a mortgage holiday, ahead of the deadline for the government-backed scheme
Posted: 24/03/2021
The average UK house price increased by 7.5% over the year to January 2021, down from 8.0% in December 2020, according to the latest UK House Price Index published by the Office for National Statistics (ONS)
Posted: 24/03/2021
SimplyBiz Mortgages has partnered with the Financial Intermediary and Broker Association (FIBA) to launch a new industry initiative
Posted: 24/03/2021
The number of mortgage cases where at least one lender was available to meet the loan requirements of a self-employment applicant fell in February, according to findings from Mortgage Broker Tools (MBT)
Posted: 23/03/2021
Residential property transactions across the UK totalled 147,050 during February, new figures published by HMRC have revealed
Posted: 23/03/2021
Advisers were sourcing furlough-friendly mortgages more than any other criteria in February, according to new data from Legal & General’s SmartrCriteria tool
Posted: 22/03/2021
One in four (26%) existing or aspiring homeowners have missed a mortgage payment as a result of accident or illness, according to new findings from MetLife UK
Posted: 22/03/2021
Landbay has launched a new five-year funding partnership worth £200m of originations per annum
Posted: 19/03/2021
Gross lending could exceed its highest level in more than a decade this year, according to new predictions from experts
Posted: 18/03/2021
The annual price growth for houses in Scotland reached 9.0% during January, according to the latest Walker Fraser Steele House Price Index (Scotland)
Posted: 18/03/2021
The time required to sell a home is now taking 43 days longer due to delays caused by the stamp duty holiday, according to GetAgent
Posted: 17/03/2021
Borrowers who have seen their income fall due to the COVID-19 pandemic may soon be paying thousands of pounds more in monthly repayments, research from Legal & General Mortgage Club has revealed
Posted: 17/03/2021
The spread between the average maximum and minimum loan amount available to buy-to-let (BTL) mortgage applicants is more than double the spread in the residential market, new analysis has revealed
Posted: 17/03/2021
Accord Mortgages has announced the launch of a 95% LTV mortgage for first-time buyers, to become the first lender to return to the market
Posted: 16/03/2021
The second charge mortgage market saw a 46% annual drop in the value of new business during January, new statistics published by the Finance & Leasing Association (FLA) have revealed
Posted: 15/03/2021
The average maximum loan available to first-time buyers bounced back to £237,500 in February, according to new research from Mortgage Broker Tools (MBT)
Posted: 12/03/2021
PRIMIS Mortgage Network has revealed that its product desk handled 2,642 inbound queries from appointed representative (AR) advisers in February, marking an all-time record
Posted: 12/03/2021
February saw the 11 busiest ever days for preparing mortgage documents, according to new statistics published by Twenty7Tec
Posted: 11/03/2021
Lockdown has seen sellers holding off putting their homes up for sale, although sales activity is expected to rise in the coming three months as restrictions ease, according to the February 2021 RICS UK Residential Market Survey
Posted: 11/03/2021
The value of gross mortgage advances in the fourth quarter of 2020 was £76.6bn, a figure 4.2% higher than in 2019 Q4, new figures from the Bank of England (BoE) have revealed
Posted: 09/03/2021
The rental market in the UK is receiving “a lot of interest” from new investors, according to new research from criteria search specialist, Knowledge Bank
Posted: 09/03/2021
First-time buyers could save as much as £20,000 on a house deposit through the government’s new mortgage guarantee scheme, according to analysis from Barrows and Forrester
Posted: 08/03/2021
The average UK house price saw a slight monthly drop of 0.1% in February, according to the latest Halifax House Price Index
Posted: 05/03/2021
The Welsh government has announced that the Welsh equivalent of the Stamp Duty Land Tax (SDLT) has been extended to 30 June 2021
Posted: 04/03/2021
House purchase lending in the fourth quarter of 2020 grew to the highest quarterly levels seen since 2007, new figures published by UK Finance have revealed
Posted: 04/03/2021
The Intermediary Mortgage Lenders Association (IMLA) has welcomed the government’s decision to extend the stamp duty holiday to June
Posted: 04/03/2021
The Chancellor has confirmed more details for the government’s plans to launch a mortgage guarantee scheme
Posted: 03/03/2021
Completion volumes across the remortgage market grew by 6.3% in January, according to new data published by LMS
Posted: 03/03/2021
February saw house prices in the UK increase by 0.7% month-on-month after taking account of seasonal effects, reversing the 0.2% monthly decline in prices recorded in January
Posted: 02/03/2021
The Chancellor is to launch a UK mortgage guarantee scheme that will guarantee a portion of loans on homes in England worth up to £600,000, according to reports
Posted: 01/03/2021
There were 99,000 mortgage approvals in January, new Bank of England (BoE) figures have revealed, as the mortgage market remained “relatively strong” at the start of the year
Posted: 01/03/2021
Accord Mortgages has announced it is reducing rates across its higher LTV ranges by up to 10 basis points to help brokers support their clients with smaller deposits
Posted: 26/02/2021
The Intermediary Mortgage Lenders Association (IMLA) is calling on the Chancellor to take action in several key areas to ensure the housing market continues to help the UK’s economic recovery from the coronavirus pandemic
Posted: 25/02/2021
Up to 234,000 home buyers who have already agreed a sale could be exempt from paying Stamp Duty Land Tax (SDLT), should the Chancellor confirm his three-month extension to the holiday in next week’s Budget.
According to new analysis by Zoopla, this could equate to a total estimated saving of £984m for those buyers
Posted: 25/02/2021
The Chancellor is preparing to extend the stamp duty holiday to the end of June in an attempt to keep the property market afloat, according to reports
Posted: 24/02/2021
The total number of residential property transactions in the UK reached 121,640 in January, a 24.1% increase from the total recorded in January 2020, new HMRC figures have revealed
Posted: 23/02/2021
House prices in Scotland saw a monthly increase of 2.3% in December, according to the latest Scottish House Price Index from Walker Fraser Steele Chartered Surveyors
Posted: 22/02/2021
There is currently at least one lender available to meet the loan requirements of self-employment mortgage applicants for 71% of cases, data from Mortgage Broker Tools (MBT) has found
Posted: 22/02/2021
The number of homes bought in England using the Help to Buy: Equity Loan scheme totalled 43,617 in the year to September 2020, an 18% annual fall, new government figures have revealed
Posted: 18/02/2021
The average house price in the UK increased by 8.5% over the year to December 2020 to stand at a record high of £252,000, according to the Office for National Statistics (ONS)
Posted: 17/02/2021
Mortgage advisers are expecting to encounter more buy-to-let (BTL) customers with adverse credit as a result of the coronavirus pandemic, according to new research by Pepper Money
Posted: 17/02/2021
New government proposals requiring lenders to report on the energy ratings of properties they lend against risk wasting time and resources, the Intermediary Mortgage Lenders Association (IMLA) has warned
Posted: 17/02/2021
High net worth individuals (HNWIs) are struggling to successfully apply for a mortgage, research by Butterfield Mortgages Limited (BML) has revealed
Posted: 16/02/2021
The average house price across England and Wales increased by 1.2% between December and January, according to the latest e.surv House Price Index
Posted: 16/02/2021
January saw a significant increase in enquiries about furlough friendly mortgages, with searches rising 230% from December, according to data from Legal & General’s SmartrCriteria tool
Posted: 15/02/2021
The average house price in Wales has topped £200,000 for the first time, data from Principality Building Society’s latest Wales House Price Index has revealed
Posted: 11/02/2021
Surveyors have reported that housing market activity across the UK fell in January compared to previous months, according to the latest RICS UK Residential Market Survey
Posted: 11/02/2021
The legal completion deadline for the current Help to Buy scheme has been extended to 31 May, the government has confirmed
Posted: 11/02/2021
Mortgage payment deferrals helped to keep mortgage arrears levels in 2020 near to historically low levels, according to new data published by UK Finance
Posted: 11/02/2021
More than one in five (22%) potential homeowners blame a bad credit history for not being able to get a mortgage, new findings from Haysto have revealed
Posted: 10/02/2021
Service has become a bigger consideration for most buy-to-let (BTL) advisers in the last six months, according to new research by Pepper Money
Posted: 10/02/2021
The top criteria searches in the second charge mortgage market in January related to managing or consolidating debt, according to new findings from Knowledge Bank
Posted: 09/02/2021
Just Mortgages has announced plans to double its number of brokers over the next three to four years
Posted: 08/02/2021
The average house price in the UK fell by 0.3% in January, the biggest monthly fall since April last year, according to the latest Halifax House Price Index
Posted: 05/02/2021
The average number of mortgage cases handled by advisers dropped from 90 in the third quarter of last year to 78 in the fourth quarter, new research from the Intermediary Mortgage Lenders Association (IMLA) has revealed
Posted: 03/02/2021
The average UK house price saw a month-on-month 0.3% fall in January, according to the latest Nationwide House Price Index
Posted: 02/02/2021
The number of mortgage approvals in the UK climbed to 818,500 in 2020, the largest number in one year since 2007, new Bank of England (BoE) data has revealed
Posted: 01/02/2021
Up to 70,000 property sales agreed in 2020 are at risk of missing the 31 March stamp duty deadline, according to the latest Zoopla House Price Index
Posted: 27/01/2021
Self-employment is being blamed for one in six mortgage rejections in the UK, according to new research by Haysto
Posted: 26/01/2021
The overall number of first-time buyers dropped by 13% in 2020, as the housing market came to a halt during the first UK lockdown, new research by Halifax has revealed
Posted: 25/01/2021
Average house prices in Scotland increased by 3.1% during November, the largest monthly increase since March 2015
Posted: 22/01/2021
December saw a 13.1% monthly climb in the number of residential property transactions across the UK, new HMRC data has revealed
Posted: 21/01/2021
UK average house prices increased by 7.6% over the year to November 2020, according to the latest Office for National Statistics (ONS) House Price Index
Posted: 20/01/2021
There were 130,000 mortgage payment deferrals in place at the end of December, new UK Finance data has revealed
Posted: 20/01/2021
A new lender to the UK mortgage market, Perenna, has raised $10m after completing its latest round of funding
Posted: 19/01/2021
House prices across England and Wales finished 2020 with a 7.8% annual increase, the latest e.surv House Price Index has revealed
Posted: 18/01/2021
Mortgage searches relating to buyers with a “visa” was the number one criteria search among advisers in 2020, according to data from Legal & General Mortgage Club’s SmartrCriteria tool
Posted: 15/01/2021
Growth in the mortgage market is set to continue in 2021, despite the ongoing disruption of the COVID-19 pandemic, according to a new report by the Intermediary Mortgage Lenders Association (IMLA)
Posted: 15/01/2021
Online mortgage broker, Trussle, has urged self-employed mortgage applicants to make sure details and accounts are kept up-to-date, after suggesting they have to “jump through extra hoops” to get onto the property ladder
Posted: 14/01/2021
Sales activity is continuing to rise across the housing market but the latest lockdown restrictions and the end of the stamp duty holiday are to weigh on activity going forward, according to new RICS research
Posted: 14/01/2021
Fifty-four per cent of brokers and intermediaries have revealed that they undershot their 2020 business projections, according to a new study by United Trust Bank (UTB)
Posted: 14/01/2021
Eighty-one per cent of advisers reported a spike in mortgage demand last year due to the stamp duty holiday, according to a survey by Guardian
Posted: 13/01/2021
Mortgage Brain has announced Pepper Money as the latest lender to go live on its affordability-based sourcing system, Affordability Hub
Posted: 12/01/2021
The first quarter of 2021 is expected to see a return to pre-pandemic levels of second charge lending volumes, according to research by Loans Warehouse
Posted: 12/01/2021
Castle Trust Bank has become the latest lender to join the Mortgage Market Alliance (MMA) as a founder member
Posted: 11/01/2021
Mortgage technology expert, Twenty7Tec, has recorded a drop in mortgage market activity for the first week of the year
Posted: 11/01/2021
UK house prices were 0.2% higher in December than they were in November as they ended 2020 at a record high, according to the latest Halifax House Price Index
Posted: 08/01/2021
Details from 35 residential lenders and 38 buy-to-let lenders are now included in Mortgage Brain’s lender service level report
Posted: 07/01/2021
The biggest change in criteria search terms by brokers was registered in the second charge mortgage market during December, according to new data from Knowledge Bank
Posted: 07/01/2021
The Intermediary Mortgage Lenders Association (IMLA) has joined a growing list of voices from the mortgage market calling for the government to take action on the looming stamp duty holiday
Posted: 06/01/2021
There are indications of a “strong recovery” in the outlook for the remortgage market, even when compared with pre-COVID-19 performance, according to the latest Remortgage Healthcheck Index published by LMS
Posted: 05/01/2021
The mortgage market saw the number of approvals for house purchase climb from 98,300 in October to 105,000 in November, the highest number of approvals since August 2007
Posted: 04/01/2021
more2life has announced the launch of its latest lifetime mortgage, Capital Choice Ultra Lite
Posted: 18/12/2020
The upcoming March deadline to the stamp duty holiday is already causing significant congestion in the housing market, leading trade bodies have warned, and it is now likely that many cases will not be completed leading to calls for the government to extend the cut-off date
Posted: 18/12/2020
Specialist lender Together has raised the maximum loan-to-value to 70% across its first and second charge mortgage products
Posted: 17/12/2020
Vernon Building Society has relaunched its mortgage range to brokers, featuring a wide range of mainstream and specialist lending solutions
Posted: 17/12/2020
The average house price increased by 5.4% this year, according to latest ONS figures
Posted: 16/12/2020
Almost three quarters (71%) of mortgage brokers have said they are confident about the broker market in 2021, remaining high from the sentiment displayed in 2020 (77%)
Posted: 16/12/2020
Almost three quarters of financial advisers (72%) expect the value of the equity release market to grow next year, with a fifth thinking it could increase to more than £6bn in value
Posted: 15/12/2020
Fleet Mortgages has announced a number of criteria changes designed to provide greater flexibility to landlords
Posted: 15/12/2020
The number of searches made by financial advisers looking at furlough-friendly mortgages has increased by 230%
Posted: 14/12/2020
House prices across England and Wales increased by 1% on average between October and November, according to the latest e.surv House Price Index
Posted: 11/12/2020
More homeowners are moving to a new home than remortgaging on their current home, new data from Trussle has revealed
Posted: 11/12/2020
The affordability gap dropped to a record low of 15% in November, according to data from the latest MBT Affordability Index
Posted: 10/12/2020
‘Furloughed workers’ and ‘Soft footprint at Decision in Principal (DiP) stage’ were among the top five searched criteria by mortgage brokers in November, according to Knowledge Bank’s latest monthly criteria index
Posted: 10/12/2020
The second charge mortgage market saw an annual drop of 43% in October, falling to £68m worth of new business, new figures from the Finance & Leasing Association (FLA) have revealed
Posted: 09/12/2020
Vernon Building Society has announced a new partnership with Dynamo for Intermediaries
Posted: 09/12/2020
The value of new mortgage commitments across the UK reached £78.9bn in the third quarter, a 6.8% increase from a year earlier and the highest level since 2007 Q3, new Bank of England (BoE) statistics have revealed
Posted: 08/12/2020
TMA Club has announced the launch of two new compliance packages to support directly authorised (DA) advisers with regulatory requirements
Posted: 07/12/2020
UK house prices in November were 1.2% higher than in October, according to the latest Halifax House Price Index
Posted: 07/12/2020
The MCI mortgage club has announced the addition of more2life to its later life lending panel
Posted: 07/12/2020
Twenty7Tec has revealed that mortgage searches were at just under 80% of the year’s high on a seven-day rolling period last week
Posted: 04/12/2020
There were 127,000 mortgage payment deferrals in place in mid-November, a significant fall in customers seeking this form of support from June’s peak of 1.8 million, according to new UK Finance statistics
Posted: 04/12/2020
First-time buyers are putting down larger deposits in order to get onto the property ladder, according to data from Mortgage Advice Bureau (MAB)
Posted: 03/12/2020
The Association of Mortgage Intermediaries (AMI) has announced Coreco Mortgages managing director, Andrew Montlake, as the Board’s new chair
Posted: 03/12/2020
November saw mortgage search volumes fell by 12.1% compared to the previous month, new data released by Twenty7Tec has revealed
Posted: 03/12/2020
The cost of borrowing for low deposits has increased substantially across all mortgage types over the last 12 months, according to new analysis from Mortgage Brain
Posted: 02/12/2020
Haysto, a new mortgage broker platform, has announced its launch to the market and will specifically target the self-employed and those with a bad credit rating
Posted: 02/12/2020
Annual house price growth increased to 6.5% during November, the highest rate of growth since January 2015, according to new data from Nationwide
Posted: 01/12/2020
The Mortgage Lender (TML) has announced it is joining the PRIMIS Mortgage Network panel
Posted: 30/11/2020
MCI Club has reported a “significant drop” in mortgage completions, with only 22% of purchases completing in July, August, and September
Posted: 30/11/2020
The number of mortgage approvals for house purchases across the UK continued to increase in October, climbing to 97,500 from 92,100 in September
Posted: 30/11/2020
TMA Club has announced a new partnership with Loughborough Building Society as it continues to develop its proposition for Directly Authorised (DA) firms
Posted: 30/11/2020
The number of prospective home buyers reached an average of 451 per estate agent branch in October, according to data from NAEA Propertymark, the highest ever figure it has recorded for the month of October since records began
Posted: 27/11/2020
The government’s Help to Build scheme will provide a major boost to the emerging custom build sector in the UK, according to BuildStore
Posted: 27/11/2020
Weekly mortgage search volumes are currently at 83.89% of the year’s highest figure, down 3.9% on the week before, the latest data from Twenty7Tec has revealed
Posted: 26/11/2020
Increasing house prices may mean that the Bank of Mum and Dad can no longer bridge the affordability gap for first-time buyers, according to new research from Trussle
Posted: 26/11/2020
LiveMore Capital has announced the launch of a partnership with PRIMIS Mortgage Network with immediate effect
Posted: 26/11/2020
Gateway Surveyors has announced that it is to take on the panel management of Earl Shilton Building Society (ESBS)
Posted: 25/11/2020
The first quarter of 2021 is set to experience a “property uplift”, with 100,000 additional sales expected to complete before the end of March, according to new analysis by Zoopla
Posted: 25/11/2020
The MCI mortgage club has announced it is launching its own branded version of Air Sourcing
Posted: 25/11/2020
The new Help to Buy scheme will be “essential” for first-time buyers, with fewer high LTV mortgage products on the market, according to Trussle
Posted: 24/11/2020
Building societies held outstanding mortgage balances of £338bn at the end of the third quarter, a figure worth 23% of the market share, according to new data from the Building Societies Association (BSA)
Posted: 24/11/2020
There were 105,630 residential transactions across the UK during October, according to the provisional seasonally adjusted estimate from HMRC
Posted: 24/11/2020
Dynamo for Intermediaries has announced the addition of Roma Finance to its panel
Posted: 23/11/2020
A surge in property sales following the end of the first lockdown in June has pushed the average house price in Wales up by 3% annually.
Posted: 23/11/2020
Just Mortgages has announced it is launching a new wealth division, Just Wealth, in January
Posted: 23/11/2020
The total number of Stamp Duty Land Tax (SDLT) transactions in the third quarter was 68% higher than in Q2 2020, new HMRC has data revealed
Posted: 20/11/2020
Conveyancing volumes saw a 105% increase in the third quarter of the year as the conveyancing market “regained its footing”, according to Search Acumen
Posted: 19/11/2020
Weekly mortgage searches were at 87.33% of the year’s highest figure last week, having dropped by 0.5% from the week before, according to the latest analysis from Twenty7Tec
Posted: 19/11/2020
The MCI Club has announced the appointment of Legal & General Home Finance to its panel
Posted: 19/11/2020
UK average house prices saw an annual increase of 4.7% over the year to September 2020, new data published by the Office for National Statistics (ONS) has revealed
Posted: 18/11/2020
Connect for Intermediaries has announced the appointment of specialist protection adviser, Umbrella Protect, to its panel
Posted: 18/11/2020
First-time buyers interested in new-build homes will be able to apply for the new Help to Buy: Equity Loan scheme from Wednesday 16 December 2020, Homes England has confirmed
Posted: 17/11/2020
The FCA has confirmed its guidance for firms over providing support to mortgage borrowers who are experiencing payment difficulties as a result of the coronavirus crisis
Posted: 17/11/2020
Mortgage Engine has announced a new connection with online mortgage broker, Mojo Mortgages
Posted: 17/11/2020
Landbay has closed a new funding deal with an asset manager which is aiming to fund in excess of £300m per year of Landbay originated mortgages
Posted: 17/11/2020
A total £5bn worth of property deposits is currently in limbo as first-time buyers “struggle to navigate” the housing market, according to research from Trussle
Posted: 16/11/2020
Paradigm Mortgage Services has added Leek United Building Society to its lender panel
Posted: 16/11/2020
Strong demand in the mortgage market has helped keep sustained intermediary confidence during the third quarter of 2020, according to new research from the Intermediary Mortgage Lenders Association (IMLA)
Posted: 13/11/2020
Over 2.6 million mortgage payment deferrals have been approved to date since March, with just under 140,000 still in place at the end of October, according to new data published by UK Finance
Posted: 12/11/2020
Remortgage instruction volumes in the UK increased by 11% during October, according to new data from LMS
Posted: 12/11/2020
Twenty7Tec has reported a drop-off in the volume of mortgage searches in the week after the UK entered a second national lockdown
Posted: 12/11/2020
Interest among overseas buyers has continued to be a driving force behind activity in the UK mortgage market during October, according to new analysis from Legal & General Mortgage Club
Posted: 12/11/2020
TMA Club has announced the addition of Pure Retirement to its later life lending panel
Posted: 12/11/2020
Average house prices in England and Wales saw a monthly increase of 0.9% in October, according to the latest e.surv House Price Index
Posted: 11/11/2020
Air Group has announced its first equity release provider ‘Temperature Check’, focusing on a number of key service measures as experienced by advisers
Posted: 10/11/2020
The Mortgage Lender (TML) has announced it is releasing a special edition £30m five-year fixed rate buy-to-let (BTL) tranche
Posted: 09/11/2020
Thirty-nine per cent of mortgage holders have never used a broker, according to research from Boon Brokers
Posted: 06/11/2020
Principality Building Society has pledged that it will not repossess homes across its business until 30 June 2021
Posted: 06/11/2020
House prices in October were 7.5% higher than in the same month a year ago, according to data from the latest Halifax House Price Index
Posted: 06/11/2020
The average UK homebuyer could see the initial cost of a 10% mortgage deposit increase by more than £12,000 over the next 25 years, new analysis from Barrows and Forrester has revealed
Posted: 05/11/2020
Key Group has announced a new referral partnership with Newcastle Building Society
Posted: 05/11/2020
The MCI mortgage club has announced the addition of Buckinghamshire Building Society to its lending panel
Posted: 05/11/2020
Ninety-four per cent of mortgage brokers would admit that in order to secure the loan size requested by their clients, they would need to shop around more than they did before the start of the pandemic
Posted: 04/11/2020
SimplyBiz Mortgages has announced an extension to its relationship with Key Partnerships
Posted: 03/11/2020
Mortgage payment holidays are being extended for homeowners who have been financially affected by the coronavirus crisis
Posted: 02/11/2020
The government has confirmed that the housing market will remain open beyond the new lockdown measures due to come in across England from Thursday
Posted: 02/11/2020
Greenfield Mortgages has announced it is joining the Dynamo for Intermediaries panel of bridging lenders
Posted: 02/11/2020
Annual UK house price growth increased to 5.8% in October, the highest rate since January 2015, according to data from the latest Nationwide House Price Index
Posted: 30/10/2020
The mortgage market strengthened further during September as net household borrowing hit £4.8bn secured on homes, new Bank of England (BoE) data has revealed
Posted: 29/10/2020
A total of 418,000 properties worth £112bn are currently progressing through the sales pipeline, amounting to a 50% uptick in volume compared to the same period in 2019, new analysis from Zoopla has revealed
Posted: 28/10/2020
UK house prices are predicted to jump by £30,000 over the next four years, according to new analysis from GetAgent
Posted: 27/10/2020
UK rents increased in rural areas and fell sharply in some cities over the summer as more tenants looked to relocate from towns to countryside, according to analysis from the Deposit Protection Service (DPS)
Posted: 27/10/2020
Finding a suitable self build plot remains one of the biggest challenges faced by self builders, according to new research from Ipswich Building Society
Posted: 26/10/2020
Mortgage borrowers are being hit with a double-whammy of higher interest rates and fewer products, according to new analysis by Defaqto
Posted: 26/10/2020
Ipswich Building Society has responded to Guy Opperman’s recent suggestion that auto-enrolment pensions contributions could be accessed by first-time buyers as a deposit for a mortgage
Posted: 26/10/2020
Loans Warehouse has suggested the second charge lending market can provide a “valuable alternative” for brokers lending to 85% LTV borrowers
Posted: 26/10/2020
The winners of the Mortgage Awards 2020 were announced last night via a special video broadcast
Posted: 23/10/2020
There was almost £600bn of equity available for release in UK homes in the third quarter, an increase of £100bn from Q2, new analysis from Canada Life has revealed
Posted: 22/10/2020
PRIMIS Mortgage Network has reported that its product desk resolved a total 2,186 inbound queries from Appointed Representative (AR) brokers in September
Posted: 22/10/2020
The MCI mortgage club has appointed Hinckley & Rugby Building Society to its panel of lenders
Posted: 22/10/2020
Paradigm Mortgage Services has added specialist mortgage lender, LiveMore Capital, to its panel
Posted: 22/10/2020
Twenty-one per cent of landlords are predicting that tenants will move to the country for space and to work from home, according to new research from The Mortgage Lender (TML)
Posted: 21/10/2020
There were 98,010 residential transactions recorded in September, new HMRC data has revealed, a total 0.7% lower than September 2019
Posted: 21/10/2020
Average house prices across the UK increased by 2.5% over the year to August 2020, a figure up from 2.1% in July, according to the latest UK House Price Index
Posted: 21/10/2020
Homeowners planning to benefit from the stamp duty holiday should begin their homebuying process by 1 November or risk missing out, according to new findings from the Legal & General Mortgage Club
Posted: 20/10/2020
The SimplyBiz Group has welcomed new research from the Intermediary Mortgage Lenders Association (IMLA) which showed that 35% of intermediaries intend to advise on green mortgages in the future
Posted: 20/10/2020
Twenty-three per cent of homeowners are worried about renewing their mortgage during the coronavirus pandemic, according to the results of a poll by Willow Private Finance
Posted: 19/10/2020
Enra Specialist Finance has announced that it has priced its first residential mortgage backed securities, backed by a portfolio of buy-to-let (BTL) and second charge mortgages
Posted: 19/10/2020
Seventy-four per cent of lenders are expecting green mortgages to become a larger part of the wider mortgage market in the future, new research from the Intermediary Mortgage Lenders Association (IMLA) has revealed
Posted: 19/10/2020
Volumes for remortgage instructions remained steady during September, falling by just 1.3% over the month, according to new data published by LMS
Posted: 19/10/2020
Landbay has announced it is joining Synergy Commercial Finance’s network panel
Posted: 19/10/2020
Forty-two per cent of brokers have suggested the biggest priority for their business is increasing their client base, according to research from Mortgage Brain
Posted: 15/10/2020
Just Mortgages has announced that it experienced record high volumes for both applications and exchanges in September
Posted: 15/10/2020
Zephyr Homeloans has announced it is joining the panel of Brilliant Solutions’ mortgage club
Posted: 15/10/2020
More money has been spent on £10m-plus properties this year than in 2019, new data from Knight Frank has revealed
Posted: 14/10/2020
Asking rents have hit a record high outside London at £964 per month, driven by record demand from renters, according to new analysis by Rightmove
Posted: 14/10/2020
Pent-up demand and government incentives jolted the UK’s property market “back to life” this summer, despite caution from lenders about COVID-19, a new report from Experian has suggested
Posted: 14/10/2020
Ninety-two per cent of first-time buyers will still need guidance when making a home purchase, according to new research published by Accord Mortgages and Yorkshire Building Society
Posted: 14/10/2020
Stonebridge has revealed it processed over £1bn worth of mortgage applications during September
Posted: 13/10/2020
TMA Club has announced it is adding Access Equity Release and Knight Frank Finance as equity release referral partners to its later life lending proposition
Posted: 12/10/2020
One in every two first-time buyers under the age of 35 is receiving financial support from the Bank of Mum and Dad (BoMaD), according to new research from Legal & General and Cebr
Posted: 12/10/2020
SimplyBiz Mortgages has agreed a new partnership with Eligible to give its members three months free access to its personalised client engagement platform
Posted: 12/10/2020
The second charge mortgage market experienced a 57% annual fall during August as £43m of new business was recorded, new statistics from the Finance & Leasing Association (FLA) have revealed
Posted: 12/10/2020
Landbay has announced a new partnership with PRIMIS Mortgage Network to provide PRIMIS brokers and their landlord clients with access to Landbay’s buy-to-let (BTL) products through its online intermediary portal
Posted: 12/10/2020
Three in five first-time buyers (61%) would suggest that buying a home is more important to them now than it was before the coronavirus pandemic, new research by the Yorkshire Building Society has revealed
Posted: 09/10/2020
House prices increased by 0.7% in England and Wales during September, according to the latest e.surv Chartered Surveyors House Price Index
Posted: 09/10/2020
The equity release market showed the most change across the categories recorded by Knowledge Bank in September, with ‘Maximum Loan Amount’ being the only consistent search in the top five results
Posted: 08/10/2020
Mortgage Brain has announced Fluent Mortgages as the latest business to commit to integrating with its multi-lender submission and application gateway, Lendex
Posted: 08/10/2020
The UK housing market continued its recovery during September, according to the latest RICS UK Residential Survey, as buyer enquiries, agreed sales and new listings all remained “strong” during the month
Posted: 08/10/2020
As many as 85% of property transactions between the announcement of the stamp duty holiday on 8 July up until 31 August have fallen below the £500,000 price threshold and paid no stamp duty as a result
Posted: 08/10/2020
UK house prices increased by 2.3% in the year to July 2020, down from 2.9% in June, according to the latest UK House Price Index (HPI) from the Land Registry
Posted: 07/10/2020
House prices across the UK were 1.6% higher in September than they were during August, according to the latest Halifax House Price Index
Posted: 07/10/2020
The number of ESIS generated through Mortgage Brain’s sourcing systems hit a new high point for 2020 during September
Posted: 06/10/2020
Home movers are having to pay almost £68,000 on average to move from a two bed flat to a three bed house outside London, a figure £4,000 more than this time last year, according to new data published by Rightmove
Posted: 06/10/2020
Boris Johnson has promised that first-time buyers will be given long-term fixed rate mortgages at up to 95% LTV, as he aims to turn “generation rent into generation buy”
Posted: 06/10/2020
The stamp duty holiday has helped to accelerate homebuyer demand across the UK during the third quarter, new analysis from GetAgent has revealed.
Posted: 06/10/2020
Accord Mortgages has announced the appointments of two new business development advisers (BDAs) to its sales team, to help provide more support to brokers
Posted: 05/10/2020
The average rent in the UK is now £987, up 0.2% on last month, and by 2.1% on last year, new data from HomeLet has revealed
Posted: 05/10/2020
Knowledge Bank has announced it is partnering with the Financial Intermediary and Broker Association (FIBA) to offer its criteria search system to FIBA’s members
Posted: 05/10/2020
Over-50s have seen their homes rise in value by an average £7,023 in just two months, according to research from SunLife
Posted: 02/10/2020
Accord Mortgages has announced that it is launching another limited release of 90% LTV products for first-time buyers
Posted: 02/10/2020
The Mortgage Lender (TML) has announced the completion of the first securitisation of 2,096 unregulated residential buy-to-let (BTL) mortgages it has originated, secured on properties in England, Wales and Scotland
Posted: 01/10/2020
Bluestone Mortgages has announced that it is joining Mortgage Compliance & Insurance Club’s (MCI Club) lender panel
Posted: 01/10/2020
Brilliant Solutions has reported two consecutive months of record completion volumes
Posted: 30/09/2020
Eighty-one per cent of property and commercial finance brokers believe they are prepared for a second wave of COVID-19, new research from United Trust Bank (UTB) has revealed
Posted: 30/09/2020
The annual house price growth picked up to 5.0% during September, the highest rate since September 2016, according to the latest Nationwide House Price Index
Posted: 30/09/2020
Legal & General Mortgage Club has announced the addition of LiveMore Capital to its panel
Posted: 30/09/2020
Demand for rental homes across the UK’s major cities has increased by 13% since the second quarter of the year, according to new data from Howsy
Posted: 29/09/2020
The number of mortgage approvals for house purchase continued to increase sharply in August, rising to 84,700 from 66,300 in July, new data from the Bank of England (BoE) has revealed
Posted: 29/09/2020
The Society of Mortgage Professionals (SMP) has urged brokers concerned that a customer is attempting to commit mortgage application fraud to “under no circumstances” submit the proposal to a lender
Posted: 29/09/2020
Crystal Specialist Finance (CSF) and Together have saved a house move by taking a £65,000 bridging case from receipt to completion in 48 hours
Posted: 29/09/2020
First-time buyers are set to be overtaken by existing homeowners as the largest buyer demographic, as COVID-19 drives a shift in the profile of home buyers, according to new data published by Zoopla
Posted: 28/09/2020
Royal London has announced it is entering the equity release market having partnered with later life mortgage adviser, Responsible Life
Posted: 28/09/2020
Activity in the million pound plus housing market is “soaring” as wealthier buyers make moves to bigger houses or new locations, new analysis from Rightmove shows
Posted: 25/09/2020
Saffron for Intermediaries and MCI Mortgage Club have announced a new partnership which will see club members gain access to the society’s range of specialist mortgage products
Posted: 25/09/2020
Three-quarters of brokers do not tell their clients that they offer second charge mortgages, according to new research from Brightstar Financial
Posted: 24/09/2020
Average rent levels have dropped in seven out of 10 areas of England and Wales, new data from lettings management platform, Howsy, has revealed
Posted: 23/09/2020
The Intermediary Mortgage Lenders Association (IMLA) has announced it will be surveying its members over the coming weeks to identify the specific challenges facing lenders that are putting a strain on service levels
Posted: 23/09/2020
One Mortgage System (OMS) has extended its support and development teams with two new appointments
Posted: 23/09/2020
The Nottingham for Intermediaries has announced it is temporarily withdrawing its mortgage product range
Posted: 23/09/2020
Just Mortgages has announced that the number of brokers in its self-employed division has now surpassed 300
Posted: 23/09/2020
The coronavirus pandemic has caused 46% of first-time buyers to delay their plans of purchasing a home by an average time of nearly a year (11.4 months), according to new data from Aldermore bank
Posted: 22/09/2020
Residential property transactions in the UK increased by 15.6% in August as the impact of the stamp duty holiday on the market continued, new HMRC data has revealed
Posted: 22/09/2020
TMA Club has announced that its total lending figures between January and August were consistent with the same period in 2019
Posted: 22/09/2020
The number of landlords looking to increase the number of properties they own has jumped by 71%, according to research commissioned by The Mortgage Lender
Posted: 21/09/2020
Criteria searches from first-time buyers, first-time landlords and non-owner occupiers have seen an 18% increase since the beginning of September, according to new data from Legal & General Mortgage Club
Posted: 21/09/2020
PRIMIS Mortgage Network has announced the addition of Pepper Money to its lender panel
Posted: 21/09/2020
SDL Surveying has announced that the start of September saw the business record its three best days of case volumes in the last five years
Posted: 18/09/2020
Brilliant Solutions has announced the addition of LiveMore Capital to its panel of lenders with immediate effect
Posted: 17/09/2020
Remortgage instruction volumes across the UK fell by 31% between July and August, according to new data from LMS
Posted: 17/09/2020
Sesame Network has announced it is partnering with Mortgage Brain to assist advisers with a smooth adoption of new FCA requirements
Posted: 17/09/2020
Brokers using Mortgage Brain’s Criteria Hub can now search across a wide range of new criteria that have been added to the sourcing system, the mortgage technology expert has announced
Posted: 16/09/2020
Average house prices in the UK increased by 3.4% in the year to June, climbing from 1.1% in May, according to the latest UK House Price Index
Posted: 16/09/2020
Almost half of homeowners are on their provider’s Standard Variable Rate (SVR) and could make savings of up to £5,000 by switching to a new fixed rate deal, according to new data from Experian
Posted: 16/09/2020
The UK’s new rental hotspots are further afield from traditional commuter hubs, according to new data from Rightmove
Posted: 15/09/2020
Greenfield Mortgages has announced the completion of a bridging loan with John Charcol, Greenfield’s first deal with the mortgage broker
Posted: 15/09/2020
The average mortgage value for purchases climbed 12.4% over July and August compared to the same period in 2019, despite the impact of COVID-19 on the market, new analysis from the MCI Mortgage Club has revealed
Posted: 15/09/2020
First-time buyers who would normally commute to London could have saved an average extra £1,627.19 towards their housing deposit by working from home during the COVID-19 pandemic, according to new research from Trussle
Posted: 15/09/2020
Mortgage Advice Bureau (MAB) has announced the launch of Mortgage Advice Bureau Later Life (MAB Later Life), as part of a new strategic partnership with later life lending specialist, Key Group
Posted: 15/09/2020
Concerns about a potential cliff edge scenario for the UK’s mortgage market on 31 October could be “exaggerated”, according to new research from the Intermediary Mortgage Lenders Association (IMLA)
Posted: 14/09/2020
The FCA has confirmed the support that mortgage borrowers will receive if they continue to face payment difficulties due to COVID-19
Posted: 14/09/2020
LSL’s Financial Services business has announced that David Copland is to leave his role as LSL’s director of mortgage services at the end of October
Posted: 11/09/2020
Ipswich Building Society has today announced that it is reintroducing products within its standard residential, buy to let (including expat buy to let) and holiday let ranges
Posted: 10/09/2020
Thirty-one per cent of homebuyers have been denied a mortgage since the introduction of the stamp duty holiday, a new survey from Market Financial Solutions (MFS) has revealed
Posted: 09/09/2020
Keystone Property Finance has launched its new 'Autumn Special' products, available across both its standard and specialist buy-to-let ranges
Posted: 09/09/2020
The needs of 'non-standard' customers could end up being excluded from the development of open finance if advisers do not respond to the FCA’s Call for Input by next month, Bluestone Mortgages has said
Posted: 08/09/2020
The outstanding value of all residential mortgages loans was £1,513.3bn at the end of Q2 2020, 3.2% higher than a year earlier, according to latest figures published by Bank of England
Posted: 08/09/2020
Lenders continuing to tighten criteria is clearly still a significant issue for people with small deposits, as Knowledge Bank recorded that ‘Temporary Maximum LTV Restrictions’ topped broker searches last month for the sixth month running
Posted: 08/09/2020
Zephyr Homeloans has become the latest lender to join the Intermediary Mortgage Lenders Association (IMLA), bringing the total number of IMLA members to 43
Posted: 08/09/2020
David Landen has been named as Hodge’s new CEO, with immediate effect
Posted: 07/09/2020
August saw the second highest monthly volume of ESIS generated through Mortgage Brain's sourcing system thus far in 2020
Posted: 07/09/2020
House prices were 1.6% higher in August than in July and 1.3% higher in the latest quarter (June to August) compared to the preceding three months (March to May)
Posted: 07/09/2020
Foundation Home Loans has announced that its director of marketing, Jeff Knight, will be leaving the business this month
Posted: 04/09/2020
New house purchase lending was down 48% for Q2 2020 compared to Q2 2019, according to latest figures published by UK Finance in its Household Finance Review 2020
Posted: 04/09/2020
The number of first-time buyers in Scotland is at a seven-year low, having fallen by 35% in the last year, according to new data from the Bank of Scotland
Posted: 03/09/2020
House prices for first-time buyers have increased by 69% over the past decade, with the average price of £142,473 in 2010 rising to £241,025 today, new data from Halifax has revealed
Posted: 03/09/2020
Responsible Life has reported a 52% annual surge in lifetime mortgages sales, with retirees increasingly looking to equity release as part of their financial planning
Posted: 03/09/2020
The Nottingham for Intermediaries has announced the addition of Ingard to its mortgage distribution panel
Posted: 03/09/2020
UK house prices saw a rise of 2.0% in August after taking account of seasonal effects, according to the latest Nationwide House Price Index
Posted: 02/09/2020
PMS Mortgage Club has announced it is expanding its Zenith protection panel for directly authorised (DA) firms with the addition of six new providers
Posted: 02/09/2020
Parents in England are facing a £195,919 premium to live near an Ofsted rated ‘outstanding’ state secondary school, new research from Trussle has revealed
Posted: 01/09/2020
The remortgage market is sprouting “green shoots of recovery”, according to new data released by Legal Marketing Services (LMS)
Posted: 01/09/2020
UK households borrowed an additional £2.7bn secured on their homes during July, up from £2.4bn in June, new data published by the Bank of England (BoE) has revealed
Posted: 01/09/2020
Accord Mortgages has announced that from today it will no longer accept new lending applications from applicants on furlough
Posted: 01/09/2020
The ‘Bank of Mum and Dad’ (BoMaD) will be a driving force behind the recovery of the UK’s housing market in the wake of the COVID-19 crisis, according to new research from Legal & General and Cebr
Posted: 01/09/2020
Vida Homeloans has announced a full return to the intermediary mortgage market, as well as the launch of a new AI-driven chatbot
Posted: 01/09/2020
Mortgage Brain has announced Virgin Money as the latest lender to join its multi-lender application and submission gateway, Lendex
Posted: 01/09/2020
Mortgage Engine has announced a new partnership with software provider, 360 Dotnet
Posted: 01/09/2020
Over-65s have seen their property wealth increase by more than £6,000 each on average in the past year, despite the housing market going into lockdown, according to new analysis from Key
Posted: 28/08/2020
Knowledge Bank has announced it is making appointments in three new roles following a significant uptake of its criteria search system since the start of the COVID-19 pandemic
Posted: 27/08/2020
SimplyBiz Mortgages has announced the addition of buy-to-let (BTL) lender Zephyr Homeloans to its panel with immediate effect
Posted: 27/08/2020
House prices are set to hold firm for the remainder of the year despite rising unemployment and the onset of recession in the UK, according to the latest Zoopla House Price Index
Posted: 27/08/2020
Dudley Building Society has announced it is making a phased return to lending with its core range of residential mortgages
Posted: 27/08/2020
Sixty-six per cent of homeowners over the age of 50 fear being forced into selling their family home to be able to afford later life care, according to research from Nationwide
Posted: 26/08/2020
Thousands of sellers are coming to the property market in the southern commuter belt as a result of the stamp duty holiday, according to new Rightmove data
Posted: 26/08/2020
The FCA has announced new draft proposals for firms to provide tailored support to mortgage borrowers facing payment difficulties due to COVID-19
Posted: 26/08/2020
Stonebridge has revealed it processed over £1bn worth of mortgage applications during July
Posted: 26/08/2020
Principality Building Society has announced a new partnership with Iress to streamline the mortgage process for the society’s brokers, colleagues and customers
Posted: 26/08/2020
Buy-to-let (BTL) gross mortgage lending totalled £42.2bn in 2019, reflecting a rise of 4.2% against 2018, new data published by UK Finance has revealed
Posted: 25/08/2020
Demand for property in the UK has surged since markets reopened in May, as pent-up demand, the stamp duty holiday and extension of the furlough scheme all continue to support a strong recovery in the market, according to analysis from Knight Frank
Posted: 24/08/2020
House prices in Wales remained steady during the second quarter of 2020 despite the coronavirus pandemic, with the average house price reaching £191,880
Posted: 24/08/2020
There were 70,710 residential property transactions in the UK during July, a total 14.5% higher than the number recorded in June, new HMRC figures have revealed
Posted: 21/08/2020
The UK’s housing supply could struggle to match the post-lockdown demand from home buyers, new figures from Legal & General Mortgage Club have revealed
Posted: 20/08/2020
Mortgage Brain has reported that a total £10bn worth of affordability checks have been carried out through its sourcing system, Affordability Hub
Posted: 20/08/2020
More than twice as many principals, advisers and administrators are worrying about the impact of a second coronavirus lockdown than about Brexit, according to new research from the MCI mortgage club
Posted: 20/08/2020
Reliance Bank has announced a new partnership with Knowledge Bank to improve the way its mortgage criteria is shared with the intermediary market
Posted: 19/08/2020
Mansfield Building Society has announced a new partnership with Brilliant Solutions Mortgage Club
Posted: 19/08/2020
The average house price in the UK increased by 2.6% over the year to April 2020, down from 3.5% in March, new data published by the Office for National Statistics (ONS) has revealed
Posted: 19/08/2020
Intermediaries are confident about the mortgage market’s prospects after a busy second quarter of 2020, according to new data from the Intermediary Mortgage Lenders Association (IMLA)
Posted: 19/08/2020
Air Mortgage Club has announced the addition of specialist mortgage lender, LiveMore Capital, to its panel
Posted: 18/08/2020
More needs to be done to support the UK’s mortgage prisoners if recent FCA changes are to gain traction within the intermediary market, according to Concept Financial Services
Posted: 17/08/2020
The post-lockdown mini-boom in the housing market is showing signs of accelerating rather than slowing down, according to the latest Rightmove House Price Index
Posted: 17/08/2020
Legal & General Mortgage Club has announced Canada Life and Just as the latest lenders to join its panel
Posted: 17/08/2020
PRIMIS Mortgage Network has announced a new partnership with intermediary-only specialist lender, Foundation Home Loans
Posted: 17/08/2020
The Land Registry has announced that it will resume its publication of the UK House Price Index, following the suspension of the index in May
Posted: 14/08/2020
Dynamo for Intermediaries has announced that Saffron Building Society has joined its lender panel
Posted: 14/08/2020
Remortgage instruction volumes around the UK fell by 24% between June and July, according to new data published by Legal Marketing Services (LMS)
Posted: 14/08/2020
Saffron Building Society has highlighted that not all lenders are penalising borrowers who are unable to save for their deposit, as the mortgage industry starts to tighten its criteria
Posted: 13/08/2020
The housing market gained momentum in July as its recovery continued, according to July’s RICS UK Residential Survey
Posted: 13/08/2020
There were 73,580 homeowner mortgages in arrears of 2.5% or more of the outstanding balance in the second quarter of 2020, a figure 3% lower than in the same quarter last year, new UK Finance figures have revealed
Posted: 13/08/2020
The Brightstar Group has become the first business in the mortgage market to launch its own Track & Trace system
Posted: 11/08/2020
TMA Club has announced it is adding LiveMore Capital to its lifetime mortgage panel
Posted: 11/08/2020
The stamp duty holiday has not had an immediate impact on the UK mortgage market in the month since Rishi Sunak’s announcement, according to new data from Trussle
Posted: 11/08/2020
The MCI Mortgage Club has added LiveMore Capital to its panel and extended its range of products to include retirement interest only (RIO) mortgages
Posted: 11/08/2020
The number of house offers accepted in UK markets between 8 July and 3 August was 146% above the five-year average for properties valued at less than £1.5m, new analysis from Knight Frank has revealed
Posted: 10/08/2020
UK house prices in July were 1.6% higher than they were in June, according to new data published in the latest Halifax House Price Index
Posted: 07/08/2020
More homebuyers currently living in some of the biggest UK cities are planning to move to village locations, according to new analysis from Rightmove
Posted: 06/08/2020
The second charge mortgage market saw a 74% annual fall during June as £27m in new business was conducted, new figures published by the Finance & Leasing Association (FLA) have revealed
Posted: 06/08/2020
Broker criteria searches in July provided strong indicators that the housing market is still being affected by lockdown, according to Knowledge Bank
Posted: 06/08/2020
Mortgage Brain has reported that it saw more ESIS generated through its sourcing systems in July than any other month so far in 2020
Posted: 06/08/2020
Criteria searches related to applicants on a visa have risen by 146% for buy-to-let (BTL) enquiries since May, as well as 97% for residential criteria enquiries, data from Legal & General Mortgage Club has revealed
Posted: 05/08/2020
Average rents across the UK dipped by -0.3% in June, and by -0.8% over the second quarter of the year, to take the annual growth in UK rents to +1.1%, new data from Zoopla has revealed
Posted: 05/08/2020
Mortgage brokers were the worst hit advice channel during the second quarter of the year, with a 23% decrease in new business year-on-year, data from iPipeline has revealed
Posted: 04/08/2020
The Government has extended the Help to Buy scheme deadline to help customers that may have experienced delays in construction due to coronavirus
Posted: 03/08/2020
Lenders are returning to the first-time buyer mortgage market with higher LTV products changing rapidly, new analysis from Defaqto has revealed
Posted: 03/08/2020
Click2Check has announced Chartwell Mortgage Services as the latest advisory firm to sign up for its Credit Assess product
Posted: 03/08/2020
UK house prices rose by 1.7% in July after taking account of seasonal effects, offsetting the 1.6% fall in June, data from the latest Nationwide House Price Index has revealed
Posted: 31/07/2020
The MCI Mortgage Club has partnered with Richdale Compliance Consultancy to launch a new compliance proposition for new and existing mortgage and protection members
Posted: 30/07/2020
Mortgage Brain has revealed that the volume of ESIS generated through its sourcing systems have surpassed pre-pandemic levels for the first time since COVID-19 struck in the UK
Posted: 29/07/2020
Gatehouse Bank has announced it is joining the platform of criteria search specialist, Knowledge Bank
Posted: 29/07/2020
The number of mortgage approvals for house purchases increased to 40,000 in June, up from the record low of 9,300 in May, according to new data published by the Bank of England (BoE)
Posted: 29/07/2020
A total £698m of property wealth was accessed by older homeowners in the second quarter of 2020, a figure down by 34% from the previous quarter, according to new data published by the Equity Release Council (ERC)
Posted: 28/07/2020
New agreed house sales are running 28% above pre-lockdown levels as the recent surge in property demand converts into sales, the latest Zoopla House Price Index has suggested
Posted: 28/07/2020
Twenty-three per cent of those planning to buy their first property say they have been able to save more during lockdown, research from The Nottingham has revealed
Posted: 28/07/2020
Kensington Mortgages has raised £650m of funding through the wholesale financial markets
Posted: 27/07/2020
Landbay has announced the launch of a new funding partnership with a UK bank
Posted: 27/07/2020
Yorkshire Building Society (YBS) has advanced 3,002 mortgages to first-time buyers and completed 31,384 mortgages in the first six months of 2020
Posted: 23/07/2020
The Intermediary Mortgage Lenders Association (IMLA) has announced that it welcomes the newly published recommendations from the Law Commission to transform home ownership for millions of people in England and Wales
Posted: 22/07/2020
Mortgage Brain has reported that the number of ESIS generated through its sourcing systems increased by 3% last week, maintaining their recovery to reach the same levels as those seen before the COVID-19 pandemic
Posted: 22/07/2020
There were 63,250 residential property transactions in the UK during June, according to new data published by HMRC
Posted: 21/07/2020
Zephyr Homeloans has joined the mortgage panel of financial advice and investment network, Openwork
Posted: 21/07/2020
Recent growth in the number of remortgage instructions has started to slow in July, according to new data from Legal Marketing Services (LMS)
Posted: 20/07/2020
PropertyPal Mortgages has partnered with eKeeper to launch its own mortgage pre-approval software and speed up the initial stages of its mortgage application process
Posted: 20/07/2020
Lenders have reported decreasing demand for secured lending for both house purchase and remortgaging in the second quarter of 2020, but this demand is expected to increase in Q3, according to new research from the Bank of England (BoE)
Posted: 16/07/2020
Mortgage Brain has reported the numbers of ESIS generated through its sourcing systems have continued their recovery from the impact of COVID-19 over the last week, increasing by 3.4%
Posted: 15/07/2020
Air Later Life Academy (LLA) has announced it is extending its relationship with retirement product specialist, Hodge Bank
Posted: 15/07/2020
The FCA has commenced proceedings in the High Court against London Property Investments (UK) Limited (LPI), NPI Holdings Limited (NPI), Daniel Stevens (the sole director and shareholder of both companies) and his father Anthony Kafetzis
Posted: 13/07/2020
Mortgage brokers’ criteria searches are up by more than two-thirds (68%) as the market responds to COVID-19, according Knowledge Bank’s mortgage criteria activity tracker, and the increase was especially pronounced in the residential market, with searches up by nearly four-fifths (79%)
Posted: 13/07/2020
The Mortgage Lender has topped £1bn in buy-to-let (BTL) applications following a record £100m in applications during June
Posted: 13/07/2020
Property instructions in April and May 2020 were down 90% and 73% respectively on the equivalent months in 2019, but June saw a significant rebound, with instructions down just 26% on the corresponding month last year, and up 178% on May 2020
Posted: 13/07/2020
Nationwide has reported it saw a significant increase in traffic to its online mortgage affordability tools this week, following the Government’s changes to stamp duty announced on Wednesday
Posted: 10/07/2020
The Conveyancing Association (CA) has urged the Welsh Government to speed up the reopening of its housing market to match the recent changes to Stamp Duty Land Tax (SDLT) introduced with immediate effect in both England and Northern Ireland.
The trade body for the conveyancing industry pointed to the lack of any evidence in England to suggest the opening of the housing market has caused an increase in COVID-19 cases
Posted: 10/07/2020
Fifty-three per cent of property and commercial finance brokers have reported they are open for business with 100% of their pre-COVID-19 capacity, according to research from United Trust Bank (UTB)
Posted: 09/07/2020
The UK housing market is showing initial signs of recovery as new buyers and sellers come in to the market, according to the June 2020 RICS UK Residential Market Survey
Posted: 09/07/2020
The Nottingham has announced new plans to enter into an alliance with Belvoir Group
Posted: 09/07/2020
The Chancellor has announced an immediate temporary holiday on stamp duty for the first £500,000 of all property sales in England and Northern Ireland
Posted: 08/07/2020
The number of products on the mortgage market has continued its steady improvement and increased by 1.1% last week to a new post-lockdown high of 9,266, new data from Mortgage Brain has revealed
Posted: 08/07/2020
House prices in June were 0.1% lower than in May, according to the latest Halifax House Price Index
Posted: 07/07/2020
The COVID-19 pandemic has not dissuaded first-time buyers from pressing ahead with their housing plans as 93% are still considering buying in 2020, new research from Legal & General Mortgage Club has revealed.
The mortgage club also stated that a majority 51% of first-time buyers have indicated they “definitely intend to buy” this year
Posted: 07/07/2020
Hanley Economic Building Society has reported a 35% increase in self-build advances over an 18-month period running from the beginning of January 2019 to the end of June 2020
Posted: 07/07/2020
The MCI mortgage club has appointed Zephyr Homeloans to its panel of specialist lenders for buy-to-let (BTL) products
Posted: 07/07/2020
Accord Mortgages has announced it is suspending all lending on its 90% loan-to-value (LTV) products for first-time buyers
Posted: 06/07/2020
Ipswich Building Society has announced it is withdrawing all of its buy-to-let (BTL) products, including expat BTL and holiday let mortgages, with immediate effect
Posted: 06/07/2020
Country houses valued above £5m saw the strongest price growth of any property type in the UK in the three months to June, according to Knight Frank
Posted: 06/07/2020
The Government is expected to reveal new plans this week that will exempt most homebuyers from paying any stamp duty, according to reports
Posted: 06/07/2020
Halifax has announced its mortgage applications have continued to rise seven weeks after the housing market reopened
Posted: 03/07/2020
A total of £21m worth of new business in the second charge mortgage market was conducted during May, an 81% drop from the same month last year, new data from the Finance & Leasing Association (FLA) has revealed
Posted: 03/07/2020
The number of remortgage instructions dipped slightly in the final week of June and was down on the previous week by 8.2%, new data from Legal Marketing Services (LMS) has revealed
Posted: 02/07/2020
PRIMIS Mortgage Network has revealed the number of applications it received between April and June rose by 30% compared to the same period in 2019
Posted: 02/07/2020
Mortgage Brain has reported that the proportion of ESIS generated by its sourcing systems for property purchases have now increased past the levels it before the pandemic
Posted: 01/07/2020
Bringing stamp duty down would be an important stimulus for the housing market and reinvigorate the housing ‘micro-economy’, according to MHA MacIntyre Hudson
Posted: 01/07/2020
Annual house price growth slowed to -0.1%, from 1.8% in May, the first time that annual house price growth has been in negative territory since December 2012, according to the latest Nationwide House Price Index
Posted: 01/07/2020
The Intermediary Mortgage Lenders Association (IMLA) has welcomed the changes to planning regulation announced by Boris Johnson yesterday
Posted: 01/07/2020
The Progressive Building Society has announced that its criteria has been added to Knowledge Bank’s mortgage criteria search system
Posted: 30/06/2020
The Mortgage Lender has announced it is returning to offer physical valuations on buy-to-let (BTL) applications for properties in Scotland and Wales, after COVID-19 restrictions were relaxed by the devolved Governments
Posted: 29/06/2020
The number of mortgage approvals for house purchase slumped to 9,300 in May, almost 90% below February’s level and around a third of their trough during the financial crisis in 2008, new Bank of England (BoE) data has revealed
Posted: 29/06/2020
The number of remortgage instructions remained steady in the third week of June and was up 5% compared with the final week in May, new data released by Legal Marketing Services (LMS) has revealed
Posted: 25/06/2020
There were 1,023,000 interest-only homeowner mortgages outstanding at the end of 2019, a figure 8.9% fewer than in 2018, new data published by UK Finance has revealed
Posted: 24/06/2020
The number of rental deposit disputes lodged with Hamilton Fraser’s government-authorised deposit scheme, mydeposits, has fallen by 15% across England so far this year
Posted: 24/06/2020
Product numbers on the mortgage market increased last week to the highest level seen since the COVID-19 pandemic struck the UK, according to new data from Mortgage Brain
Posted: 24/06/2020
A surge in demand for property is expected to delay house price falls and push them towards the end of 2020, according to the latest UK House Price Index by Zoopla
Posted: 24/06/2020
The Conveyancing Association (CA) has urged the Welsh Government to go “further” and “faster” in opening up its housing market
Posted: 23/06/2020
Half of prospective homebuyers in the UK have been denied a mortgage during the COVID-19 crisis despite having an agreement in principle, according to new research from Butterfield Mortgages Limited (BML)
Posted: 23/06/2020
The number of residential property transactions in the UK climbed 16% in May compared to the previous month, new data published by HMRC has revealed.
Figures showed the provisional seasonally adjusted estimate had risen to 48,450 during May, although this represented a drop of 49.6% in comparison to May 2019
Posted: 23/06/2020
First 4 Bridging (F4B) has announced the addition of Hampshire Trust Bank to its lending panel
Posted: 23/06/2020
Landbay has announced it has joined the Lender Exchange in order to access a greater variety of conveyancing solicitors
Posted: 22/06/2020
Paradigm Mortgage Services has added buy-to-let (BTL) mortgage lender, Zephyr Homeloans, to its panel
Posted: 22/06/2020
A total of 1.9 million mortgage payment holidays have been granted to struggling homeowners in the three months since the launch of the scheme, according to UK Finance
Posted: 19/06/2020
Fifty-two per cent of directly authorised brokers believe that technology advances will have a “high” or “very high" impact on their business over the next 24 months, according to a new survey
Posted: 19/06/2020
Instruction volumes for remortgages continued to increase through June, according to the latest data gathered by Legal Marketing Services (LMS), rising 8.9% between the first and second week of the month
Posted: 18/06/2020
Paradigm Mortgage Services has announced it has increased its number of member firms by 10.9%, up to 1,544 from 1,392 at the end of March 2019
Posted: 17/06/2020
The number of UK mortgage approvals slumped by 71.76% between March and April, according to data gathered by Buyshares.co.uk
Posted: 17/06/2020
Mortgage Brain has reported the overall ESIS numbers produced from its sourcing systems have stabilised at pre-pandemic levels, with a small increase of 2.4% on the preceding week
Posted: 17/06/2020
MCI Club has integrated its digital broker platform, Burrow, into Knowledge Bank’s application programming interface (API)
Posted: 17/06/2020
One-bed properties are proving to be the best financial investment when it comes to buy-to-let (BTL) rental yields across the UK’s major cities, according to new research from Howsy
Posted: 16/06/2020
The Intermediary Mortgage Lenders Association (IMLA) has suggested that lenders have been committed to supporting their existing customers since the housing market reopened
Posted: 15/06/2020
The first week of June saw a 6% rise from the average weekly remortgage instruction volumes recorded during June last year, new data published by Legal Marketing Services (LMS) has revealed
Posted: 12/06/2020
There was a significant increase in the number of advisers searching for criteria around interest-only mortgages between April and May, according to new data from Legal & General Mortgage Club
Posted: 12/06/2020
The headline net balance for new home buyer enquiries in the UK moved from a record low of -94% in April to post a reading of -5% in May, according to the May 2020 RICS Residential Market Survey
Posted: 11/06/2020
Demand for mortgages has returned to pre-lockdown levels with enquiries for May showing a 57% rise from April, new analysis from Experian has revealed
Posted: 11/06/2020
IFAs and brokers are enhancing their protection for older customers during the coronavirus crisis, according to new research from Key Partnerships
Posted: 11/06/2020
Mortgage Brain has reported another rise in the volume of ESIS produced by its sourcing systems to reach levels “very close” to those seen before the COVID-19 pandemic
Posted: 10/06/2020
The outstanding value of all residential mortgages loans was £1.51bn at the end of the first quarter of the year, a figure 3.9% higher than a year ago, according to new Bank of England (BoE) figures
Posted: 09/06/2020
The MCI Mortgage Club has announced the appointment of Harpenden Building Society to its lender panel
Posted: 09/06/2020
A total £32m worth of business was agreed in the second charge mortgage market during April, reflecting a 68% fall from 12 months ago, according to the latest new business figures released by the Finance & Leasing Association (FLA)
Posted: 08/06/2020
Satisfaction amongst mortgage brokers with the lenders that they deal with has increased to 82.7%, up from 81.1% in the second half of 2019, a new study has revealed
Posted: 08/06/2020
House prices in the UK during May were 0.2% lower than they were in April, according to new data published in the latest Halifax House Price Index
Posted: 05/06/2020
Key Partnerships, the equity release referral service for retirement finance business, Key Group, has announced a new referral partnership with Paradigm mortgage club
Posted: 05/06/2020
Remortgage instruction volumes increased by 8.1% from April to May, new data from Legal Marketing Services (LMS) has revealed
Posted: 04/06/2020
Mortgage lending was flat in the first three months of 2020 compared with a year ago, while an increase in buy-to-let (BTL) activity was offset by a drop in first-time buyers, new UK Finance data for the first quarter has revealed.
Figures suggested regional variations in activity are a likely reflection of the market disruption due to the coronavirus pandemic
Posted: 04/06/2020
COVID-19 continued to dominate the attention of brokers during May, with ‘COVID-19: Temporary Maximum LTV Restrictions’ featuring prominently across four of the seven categories recorded by Knowledge Bank’s criteria tracker
Posted: 04/06/2020
Accord Buy To Let has announced it is relaunching its product range at 80% loan-to-value (LTV) for both remortgage and house purchase landlords
Posted: 03/06/2020
Mortgage Brain has reported that the ESIS volumes produced by its sourcing systems have increased by 11.5% over the last week, continuing its recent resurgence
Posted: 03/06/2020
The number of mortgage approvals for house purchase experienced a sharp fall during April to 15,800, a figure around 80% below the level recorded in February, new Bank of England (BoE) statistics have revealed
Posted: 02/06/2020
Lenders have issued 1.86 million mortgage payment holidays as of 28 May 2020, new figures from UK Finance have revealed
Posted: 02/06/2020
House prices in the UK have suffered the largest monthly fall since February 2009 and dropped by 1.7% during May, according to new data published by Nationwide
Posted: 02/06/2020
The FCA has confirmed the support that firms should provide mortgage customers who are either coming to the end of a mortgage payment holiday or who are yet to request one
Posted: 02/06/2020
PRIMIS Mortgage Network has revealed that its product desk resolved a total of 4,641 inbound queries from brokers during March and April
Posted: 01/06/2020
Mortgage intermediaries are remaining confident in their own business outlooks following the first quarter of 2020, according to new research published by the Intermediary Mortgage Lenders Association (IMLA)
Posted: 29/05/2020
Mortgage payment holidays could add debts totalling as much as £665.08 to a mortgage, according to analysis from money.co.uk and Koodoo
Posted: 28/05/2020
One Mortgage System (OMS) has announced a stage one integration with United Trust Bank (UTB) to offer brokers and networks quicker access to a wider range of specialist lending solutions
Posted: 28/05/2020
The Intermediary Mortgage Lenders Association (IMLA) has urged the Government to consider easing restrictions to help first-time homebuyers lead an economic recovery during the COVID-19 pandemic
Posted: 28/05/2020
Pent-up demand in the property market is now exceeding the levels recorded before the UK went into lockdown, new analysis from Zoopla has revealed
Posted: 27/05/2020
Knowledge Bank has announced a new partnership with specialist lender, Hodge, to provide brokers with comprehensive criteria sourcing of Hodge's product range on its own intermediary website
Posted: 27/05/2020
Mortgage Brain has reported that both the product numbers on the mortgage market and ESIS volumes produced from its sourcing systems have continued their recent improvement over the last week
Posted: 27/05/2020
Intermediaries remain confident in the mortgage market’s prospects for the next 12 months despite the ongoing coronavirus crisis, according to research from Masthaven Bank
Posted: 26/05/2020
Zephyr Homeloans has resumed physical valuations following the removal of the Government's restrictions on inspections
Posted: 22/05/2020
Homeowners struggling to pay their mortgage due to coronavirus will be able to extend their mortgage payment holiday for a further three months, according to new FCA proposals
Posted: 22/05/2020
Chancellor, Rishi Sunak, is believed to be planning an extension to the scheme offering three-month mortgage payment holidays, according to reports
Posted: 21/05/2020
The provisional seasonally adjusted estimate of UK property transactions for April was 46,440 residential and 5,930 non-residential, new figures published by HMRC has revealed
Posted: 21/05/2020
Remortgage instruction volumes returned to their level before lockdown thanks to a growth of 39.7% between the second and third weeks of May, new data from Legal Marketing Services (LMS) has revealed
Posted: 21/05/2020
Paradigm Mortgage Services has announced the addition of buy-to-let (BTL) and specialist lender, Paragon Bank, to its lender panel
Posted: 21/05/2020
Average house prices in the UK increased by 2.1% over the year to March, up from 2.0% in February, new data published by the Office for National Statistics (ONS) and the Land Registry has revealed
Posted: 20/05/2020
Mortgage Brain has reported increases in both the number of mortgage products on the market as well as the volume of ESIS produced from its own mortgage sourcing systems, each reaching their highest level since their post-pandemic lows
Posted: 20/05/2020
Aspen Bridging has been appointed to Beneficial network’s Specialist Mortgage Lender Panel with immediate effect
Posted: 20/05/2020
Tenet Group has announced a new partnership with Knowledge Bank to provide both its network members and directly authorised clients with access to Knowledge Bank’s mortgage criteria search system
Posted: 19/05/2020
Just Group has announced it is recommencing with physical valuations in England from today
Posted: 18/05/2020
Trussle has announced it saw mortgage enquiries plummet by 37% from March to April, just as the UK’s lockdown measures came into full effect
Posted: 18/05/2020
The number of remortgage products at 90% LTV has dropped from 189 in March to just 34, research from Defaqto has revealed
Posted: 15/05/2020
Seventy-seven per cent of brokers believe mortgage lending will recover to pre-coronavirus levels within nine months, according to new research published by Smart Money People
Posted: 15/05/2020
There were 13 second charge mortgage repossessions in the first quarter of 2020, a figure 45.8% lower than the first quarter of 2019, new figures released by the Finance & Leasing Association (FLA) have revealed
Posted: 14/05/2020
Fleet Mortgages has announced it has recommenced with physical valuations in England on its pipeline business, with new applications being processed as usual
Posted: 14/05/2020
Instruction volumes for remortgage dropped by 25.6% between the first and second weeks of May, according to new data released by Legal Marketing Services (LMS)
Posted: 14/05/2020
There were 72,380 homeowner mortgages in arrears of 2.5% or more of the outstanding balance during the first quarter of 2020, a figure 6% fewer than in the first quarter of last year, new UK Finance data has revealed
Posted: 14/05/2020
One Mortgage System (OMS) has announced a partnership with Uinsure to bolster its general insurance (GI) offering
Posted: 14/05/2020
The Conveyancing Association (CA) has announced its support for a cross-industry guide on reopening the housing market to help enable people to move home safely
Posted: 13/05/2020
Bluestone Mortgages has announced that it will be recommencing new lending activity from today
Posted: 13/05/2020
The Government has set out new plans to reopen the housing market and allow people to move home again
Posted: 13/05/2020
Mortgage Brain has reported the number of ESIS produced from its mortgage sourcing systems has increased for the second week in a row
Posted: 13/05/2020
“Covid-19: Temporary Maximum LTV Restrictions” was the most frequent criteria search across the residential, buy-to-let (BTL), second-charge, and bridging markets during April, according to new data released by Knowledge Bank
Posted: 12/05/2020
A total of £93m in new business was conducted in the second charge mortgage market during March, a 14% drop from a year ago, according to new data published by the Finance & Leasing Association (FLA)
Posted: 07/05/2020
Remortgage instruction volumes dropped by 23% between March and April, according to new data published by Legal Marketing Services (LMS)
Posted: 07/05/2020
Mortgage Brain has revealed the number of ESIS produced from its mortgage sourcing systems increased last week for the first time in six weeks
Posted: 06/05/2020
Sesame Bankhall Group (SBG) has unveiled the launch of a new bounce back hub to help firms navigate towards a post-crisis market and emerge stronger from the coronavirus pandemic
Posted: 06/05/2020
Answers in Retirement Group (Air Group) has announced a new partnership with Knowledge Bank to create a ‘super software’ between its Air Sourcing platform for later life advisers, and Knowledge Bank’s mortgage criteria search tool
Posted: 06/05/2020
Paradigm Mortgage Services has announced a new partnership with MyGabriel Accounting Solution
Posted: 05/05/2020
The Intermediary Mortgage Lenders Association (IMLA) has announced that TSB Bank has joined as the latest member of the trade body
Posted: 05/05/2020
Mortgage approvals for house purchase fell to 56,200 during March, their lowest level since March 2013, new statistics published by the Bank of England (BoE) have revealed
Posted: 01/05/2020
Annual house price growth in the UK edged up to 3.7% during April, rising from 3% in March, according to data from the latest Nationwide House Price Index
Posted: 01/05/2020
The Covid-19 pandemic will see a shift in business models amongst directly authorised (DA) mortgage advisory firms, according to PMS Mortgage Club
Posted: 01/05/2020
Remortgage instruction volumes grew by 12.8% in the seven days between 13 and 20 April, increasing for the second week in a row, according to new data from Legal Marketing Services (LMS)
Posted: 29/04/2020
The Mortgage Market Alliance (MMA) has warned that borrowers shouldn’t just have to “accept” a product transfer if they have taken out a mortgage payment holiday from their lender
Posted: 29/04/2020
The number of available mortgage products on the market increased for the second week in a row to 8,044 products, reflecting a 5.9% increase of 488 products from the previous week, according to the latest figures from Mortgage Brain
Posted: 29/04/2020
UK tenants paid average monthly rents of £775 during the first quarter of 2020, an increase of just £2 or 0.26% on the final quarter of last year, according to new data from The Deposit Protection Service (The DPS)
Posted: 29/04/2020
Lenders have offered more than 1.6 million mortgage payment holidays as of Friday 24 April 2020 to support customers facing financial difficulties due to coronavirus, new UK Finance figures have revealed
Posted: 28/04/2020
Hanley Economic Building Society has announced it is partnering with DPR to begin an overhaul of its current mortgage and savings platforms, and to revamp its back-office systems
Posted: 28/04/2020
Demand for rental property picked up in April with prospective tenants starting to plan for life after lockdown, according to research from Knight Frank
Posted: 27/04/2020
The MCI Mortgage Club has expanded its panel to include Reliance Bank, increasing the number of ethical options available to its members
Posted: 27/04/2020
The number of remortgage instructions increased by 9% during the week between 6 and 13 April, according to new data from Legal Marketing Services (LMS)
Posted: 24/04/2020
Aspen Bridging has announced it will lend on “pre Covid-19 property values”, becoming the first UK lender to do so
Posted: 23/04/2020
Nationwide has announced it is extending its mortgage lending through brokers as well as online up to 85% loan-to-value (LTV)
Posted: 22/04/2020
Average house prices in the UK increased by 1.1% over the year to February 2020, down from 1.5% in January, new figures published by the Office for National Statistics (ONS) revealed
Posted: 22/04/2020
Lenders are likely to issue almost 350,000 fewer mortgages for house purchase this year than they otherwise would have done had the UK not entered lockdown, analysis from Knight Frank has revealed
Posted: 21/04/2020
Average rates for equity release dropped to a record low of 4.48% in the second half of 2019 while two out of every five products had rates lower than 4%, the Equity Release Council (ERC) Spring Market Report has revealed
Posted: 21/04/2020
Demand for rented properties bounced back 30% in the two weeks to 14 April, after falling 57% in the wake of the coronavirus pandemic, according to Zoopla’s latest quarterly Rental Market Report
Posted: 21/04/2020
Mortgage Brain has announced that it saw the number of products on the mortgage market stabilise last week, following several weeks of substantial falls
Posted: 20/04/2020
Impact Specialist Finance has introduced a ‘Specialist Lending Covid-19 Update’ for intermediaries
Posted: 17/04/2020
MCI Mortgage Club has announced the appointment of OneFamily to its lender panel, extending its range of products to include lifetime mortgages
Posted: 16/04/2020
The Government is considering an extension to the Help to Buy scheme as part of a range of measures to get the industry building houses again once the current lockdown imposed by coronavirus has relaxed
Posted: 15/04/2020
Mortgage holders in the UK could save over £5,000 on their mortgage payments by switching to a new fixed rate offer, according to new research from Experian
Posted: 15/04/2020
One Mortgage System (OMS), has announced it is offering a free Knowledge Bank licence for every new user to help support the intermediary market during the coronavirus pandemic
Posted: 15/04/2020
There was £107m worth of new business in the second charge mortgage market during February this year, reflecting a 9% change from last year, new data published by the Finance & Leasing Association (FLA) revealed
Posted: 14/04/2020
Over 1.2 million mortgage payment holidays have been offered by lenders to customers impacted by coronavirus, UK Finance has revealed
Posted: 14/04/2020
Mortgage Brain has reported a further reduction in the mortgage products that were available on the market last week to 7,477 total products, which was 7,179 fewer than the nine-week average to 16 March
Posted: 14/04/2020
‘Covid-19 Mortgage Payment Holidays’ was the most searched term in Knowledge Bank’s residential mortgages category during March, and the second most in the buy-to-let (BTL) category, new data has revealed
Posted: 14/04/2020
The number of 75% and 95% LTV mortgage products on the market has seen a significant drop of almost two-thirds as lenders respond to the coronavirus pandemic, according to data published by AmTrust
Posted: 09/04/2020
Remortgage completions dropped in the second half of March, in part reflective of the usual trend of numbers trailing off from the start to the end of the month, but initial signs from the first April data are “very positive”, according to LMS
Posted: 09/04/2020
The housing market lockdown has seen the lowest near-term sales expectations since 1998, results from the latest RICS UK Residential Market Survey revealed
Posted: 09/04/2020
UK house prices in March were 3.0% higher compared to the same month in 2019, according to new data published by Halifax
Posted: 07/04/2020
Almost half of the UK’s active house buyers stopped looking for a new home before the Government ‘suspended’ the housing market, new research from Trussle revealed
Posted: 07/04/2020
A total of 10,097 mortgage products were available on the market last week, new figures from Mortgage Brain revealed, reflecting a 31.2% reduction from the nine-week average to 16 March
Posted: 06/04/2020
PRIMIS Mortgage Network has announced the launch of a new support hub within its exclusive customer relationship management (CRM) system, Toolbox, to help its AR firms during the Covid-19 crisis
Posted: 06/04/2020
Knowledge Bank has announced the addition of second charges and bridging to its Covid-19 live feed, as an increasing number of lenders adjust to the impact caused by the coronavirus pandemic
Posted: 03/04/2020
Bluestone Mortgages has announced it will be suspending all new mortgage applications from today as part of a temporary pause in origination activities
Posted: 03/04/2020
The mortgage market “definitely remains open” and is expected to settle down in the coming weeks, according to Mortgage Advice Bureau (MAB)
Posted: 02/04/2020
The annual price growth for houses in the UK was edging higher before the coronavirus pandemic struck the country, new analysis from Nationwide has revealed
Posted: 02/04/2020
Uinsure has announced a new and exclusive partnership with Beneficial mortgage network
Posted: 01/04/2020
Three major credit reference agencies have confirmed that consumer credit scores will be protected for people with agreed “payment holidays” in place as a result of the coronavirus pandemic
Posted: 01/04/2020
Foundation Home Loans has announced it is temporarily suspending all new applications from 31 March 2020
Posted: 31/03/2020
Paradigm Mortgage Services has added a new section of information to its coronavirus support page to capture lenders’ automatic valuation model (AVM) information and LTV restrictions
Posted: 31/03/2020
The Government is being urged to ensure lenders do not use the recent Bank of England (BoE) interest rate cut to boost profits at the expense of borrowers on standard variable rate (SVR) mortgages
Posted: 31/03/2020
Nationwide has announced it is temporarily withdrawing high LTV mortgage lending to focus on supporting its existing members and processing ongoing applications during the coronavirus crisis
Posted: 31/03/2020
Mortgage Brain has announced it has seen an unprecedented change in lenders’ product ranges, as well as a reduction in the number of ESIS produced from its mortgage sourcing systems
Posted: 30/03/2020
The Conveyancing Association (CA) has endorsed industry-wide guidance to conveyancing firms advising clients on house moves during the coronavirus crisis
Posted: 30/03/2020
The number of mortgage approvals for house purchases continued to rise in February and reached 73,500, new statistics published by the Bank of England (BoE) revealed
Posted: 30/03/2020
Paradigm Mortgage Services has launched a new coronavirus support page for advisers which includes information for all intermediaries to help firms through the crisis
Posted: 27/03/2020
Housing transactions are set to drop by as much as 60% over the next three months, as the market reacts to the impact of Covid-19, according to new research by Zoopla
Posted: 26/03/2020
TMA Club has announced the addition of property finance platform, LendInvest, to its lender panel
Posted: 26/03/2020
Answers in Retirement Group (Air Group) has released an operational update in relation to the coronavirus crisis, indicating that the group primarily intends to carry on with “business as usual”
Posted: 25/03/2020
House prices in the UK increased by 1.3% in the year to January 2020, down from the 1.7% reported in December, new data from the Office for National Statistics (ONS) revealed
Posted: 25/03/2020
Yorkshire Building Society has announced that its customers who have been financially affected by the coronavirus pandemic can now apply for a mortgage payment holiday online
Posted: 24/03/2020
Mortgage Brain has announced the use of its Criteria Hub has seen a marked increase in activity following the introduction of several residential and BTL criteria specifically related to the coronavirus crisis
Posted: 24/03/2020
Sesame Bankhall Group (SBG) has announced the launch of a new support hub to help advisers support their customers through the coronavirus pandemic
Posted: 24/03/2020
The average rental deposit paid by tenants in England has fallen by 10.3% since the ban on tenant fees was introduced in June 2019, new research by Hamilton Fraser’s deposit replacement scheme, Ome, has found
Posted: 24/03/2020
Hanley Economic Building Society has been added to the lending panel of SimplyBiz Mortgages
Posted: 24/03/2020
Equity release is being used the most across all age groups for home improvements, new data from HUB Financial Solutions has revealed
Posted: 23/03/2020
Knowledge Bank has reported that 509 brokers have signed up in less than 24 hours for the free live feed tool it created yesterday
Posted: 20/03/2020
Mortgage Advice Bureau has launched a dedicated mortgage information support service to help homeowners worried about their finances as a result of the coronavirus outbreak
Posted: 20/03/2020
The Mortgage Market Alliance (MMA) has announced several steps that mortgage borrowers can take to alleviate fears during the coronavirus outbreak
Posted: 19/03/2020
Mortgage Brain has revealed a package of measures to help intermediaries and lenders during the coronavirus pandemic
Posted: 19/03/2020
Full-time employees could expect to spend approximately 7.8 times their workplace-based annual earnings on purchasing a home in England in 2019, new data published by the Office for National Statistics (ONS) revealed
Posted: 19/03/2020
Knowledge Bank has created a free tool for brokers to access the information they need to deal with the volume of enquiries they are receiving from clients during the coronavirus outbreak
Posted: 19/03/2020
Sesame Bankhall Group (SBG) has announced the combined mortgage completions in 2019 through its PMS Mortgage Club and Sesame Network were the highest for more than a decade
Posted: 19/03/2020
TMA Club has announced the addition of Gatehouse Bank to its panel of finance providers
Posted: 19/03/2020
United Trust Bank (UTB) has reported a 21% increase in new lending in 2019, having completed £994m of new loans throughout the year
Posted: 18/03/2020
Future generations of older people are more likely to live in rented accommodation than today, according to new data from the Office for National Statistics (ONS)
Posted: 18/03/2020
Chancellor, Rishi Sunak, has announced that mortgage lenders will provide a three-month mortgage holiday to people who need help during the Covid-19 outbreak
Posted: 17/03/2020
Two of the UK’s leading landlord organisations have called for a package of measures from the Government and mortgage lenders to support tenants and landlords affected by the coronavirus outbreak
Posted: 17/03/2020
LSL Property Services has confirmed it will not be merging with Countrywide
Posted: 17/03/2020
The average asking price for UK property coming to market has hit a new record high of £312,625 this month, according to data from the latest Rightmove House Price Index
Posted: 16/03/2020
OneSavings Bank has made new changes to its HMO proposition to enhance its service to brokers
Posted: 16/03/2020
PRIMIS Mortgage Network has announced that Shepherds Friendly is joining its full panel, increasing the range of income protection and over-50s life insurance solutions available to the network’s advisers
Posted: 16/03/2020
In response to the Bank of England’s (BoE’s) emergency decision to cut the base interest rate from 0.75% to 0.25% yesterday, the UK Mortgage Prisoners Action Group has released a statement indicating it would be “writing to all active lenders and inactive and/or unregulated debt collectors”
Posted: 12/03/2020
House buyers will need to exchange contracts before late summer this year to have any realistic hope of moving into a new home before the Help to Buy Equity Loan scheme ends in March 2021, according to Mortgage Advice Bureau
Posted: 12/03/2020
The number of sales of new homes across the UK has increased for the third consecutive month, as has buyer demand and new instructions, according to the February 2020 RICS UK Residential Market Survey
Posted: 12/03/2020
The Office for Budget Responsibility (OBR) has called today’s Budget the ‘largest sustained fiscal loosening’ since Norman Lamont was Chancellor in 1992, but mortgage experts have criticised the lack of relief for first-time buyers
Posted: 11/03/2020
Foundation Home Loans has announced it is joining the lender panel of specialist finance packager, Y3S Bridging & Commercial (B&C)
Posted: 11/03/2020
Fosters Financial has announced the launch of a sister company and online brokerage, Your Mortgage
Posted: 10/03/2020
The outstanding value of all residential mortgage loans was £1.5bn at the end of the fourth quarter of 2019, 3.8% higher than a year earlier, new figures published by the Bank of England (BoE) revealed
Posted: 10/03/2020
LSL Property Services, which includes PRIMIS Mortgage Network and TMA Club, has confirmed an increase in its mortgage lending and announced its mortgage completions totalled £31.7bn in 2019
Posted: 10/03/2020
Online broker searches in the equity release sector saw a significant shift during February, according to new data from Knowledge Bank, which said the month had thrown up ‘surprising results’
Posted: 10/03/2020
Lead campaigner for the UK Mortgage Prisoners Action Group, Rachel Neale, has penned an open letter to the Government ahead of Wednesday’s Budget announcement, calling for more action to be done to help the UK’s mortgage prisoners
Posted: 09/03/2020
Broker Conveyancing has announced it recorded rises in both its instruction and adviser user figures throughout 2019
Posted: 09/03/2020
PRIMIS Mortgage Network has announced the appointment of Chris Astle as regional sales director
Posted: 09/03/2020
SimplyBiz Mortgages has announced that Market Harborough Building Society has joined its lender panel with immediate effect
Posted: 09/03/2020
UK house prices increased by 2.8% in February compared to the same month a year earlier, the latest Halifax House Price Index has revealed
Posted: 06/03/2020
Nottingham Building Society has reported total assets of £3.8bn and that its gross mortgage lending was in excess of £350m in 2019
Posted: 06/03/2020
Seventy-nine per cent of home sellers instructed a high street agent in 2019, up from 63% the year before and the highest rate from the past decade, new research by Zoopla revealed
Posted: 06/03/2020
Thirteen per cent of the UK, or the equivalent of 1.2 million people, are relying on their overdrafts to cover the cost of their mortgage or rental payments, according to new research by comparethemarket.com
Posted: 05/03/2020
Mortgage Brain has revealed more than 817,000 searches were carried out on its Criteria Hub last year, an increase of 147% on the 330,309 searches performed in 2018
Posted: 05/03/2020
LendInvest has joined Legal & General Mortgage Club’s lender panel to extend the distribution of its buy-to-let (BTL) range to more brokers
Posted: 05/03/2020
Sixty-five per cent of UK adults would feel they were being judged for their past financial decisions if they needed to look for a ‘bad credit mortgage,’ according to new research carried out by YouGov for Simply Adverse
Posted: 05/03/2020
Gross mortgage lending in the UK dropped by 0.4% in 2019, the first year to see an annual fall since 2010, new data from UK Finance has revealed
Posted: 05/03/2020
Business and consumer insights expert, Equifax, has announced it is partnering with renting platform, CreditLadder.co.uk, to include rental payment data in its credit assessments
Posted: 05/03/2020
Legal & General Home Finance has joined the Intermediary Mortgage Lenders Association (IMLA)
Posted: 05/03/2020
Hinckley & Rugby Building Society has announced it oversaw a 3.7% rise in its mortgage book in 2019, attracting an additional £45m from savers during its financial year
Posted: 04/03/2020
Older homeowners are anticipating they’ll need an annual retirement income of £35,196, a sum more than double today’s average income in retirement, according to a new report published by the Equity Release Council and Key
Posted: 04/03/2020
TMA Club has announced the addition of Ipswich Building Society to its panel
Posted: 04/03/2020
Trussle has announced the appointment of Ian Larkin as the digital mortgage broker’s new chief executive officer
Posted: 03/03/2020
With new Chancellor, Rishi Sunak, set to reveal his first Budget on 11 March, next Wednesday’s announcement is expected to involve plans that ‘shake up’ the mortgage market, according to AJ Bell
Posted: 02/03/2020
Aspen Bridging has been appointed to Connect for Intermediaries’ bridging panel with immediate effect
Posted: 02/03/2020
The number of mortgage approvals for house purchase rose to 70,900 in January, the highest level since February 2016, according to new figures published by the Bank of England (BoE)
Posted: 02/03/2020
The Mortgage Lender has announced several new rate reductions to simplify its range of buy-to-let (BTL) products
Posted: 28/02/2020
Leasehold homeowners have been unfairly treated while prospective buyers have been misled by housing developers, according to the Competition and Markets Authority (CMA)
Posted: 28/02/2020
Annual house price growth in the UK increased from 1.9% in January to 2.3% in February, reaching the strongest rate for 18 months, according to the latest Nationwide House Price Index
Posted: 28/02/2020
Bankhall and PMS Mortgage Club have announced they are strengthening the protection support available to directly authorised firms by partnering with the online critical illness cover comparison tool, CIExpert
Posted: 28/02/2020
TSB has announced it is supporting the Scottish Government’s First Home Fund pilot scheme, allowing first-time buyers in Scotland to apply for a TSB mortgage to purchase their first property via the Fund
Posted: 27/02/2020
Swansea Building Society has announced it has partnered with the direct‐to‐lender mortgage club, Brilliant Solutions, providing access to a wider range of mortgage brokers
Posted: 27/02/2020
First-time buyers accounted for 81% of the total home purchases through the Help to Buy: Equity Loan scheme in the period between it’s launch in April 2013 and ending September 2019, according to new Government figures
Posted: 27/02/2020
Stonebridge has announced it achieved record results for appointed representative (AR) recruitment into the business during January
Posted: 27/02/2020
Saffron Building Society has announced it is offering mortgage customers a repayment review on a case-by-case basis in the flood affected areas of the UK
Posted: 27/02/2020
The Nottingham for Intermediaries has announced the introduction of a range of limited company buy-to-let (BTL) mortgages
Posted: 26/02/2020
The number of prospective house buyers has increased by more than a quarter since January 2019, while supply of available housing has fallen, new data published by NAEA Propertymark has revealed
Posted: 26/02/2020
House prices across all English cities have risen above pre-crisis peaks for the first time since 2007, according to new data published by Zoopla
Posted: 26/02/2020
Crystal Specialist Finance (CSF) has been appointed to Beneficial Network’s panel to deliver product solutions and education from across its six core specialist divisions
Posted: 26/02/2020
The number of mortgage products available on the UK market has risen by 9.3% over the last 12 months to a new record high, according to new data from Mortgage Brain
Posted: 25/02/2020
A new organisation, the Mortgage Market Alliance (MMA), has been launched to promote the UK mortgage industry, raise awareness among consumers about the range of options available, and highlight the importance of advice
Posted: 25/02/2020
Just Mortgages has announced the appointment of the group’s first female financial services director, Kerry-Ann Davies
Posted: 25/02/2020
First 4 Bridging (F4B) has announced the addition of investment and mortgage specialist, Castle Trust, to its lending panel
Posted: 25/02/2020
The number of remortgages reached 635,277 in 2019, reflecting a rise of 4.2% from the previous year, new data published by LMS has revealed
Posted: 24/02/2020
Almost one million mortgages were approved by the UK’s high street banks during 2019, according to a report published by LearnBonds.com
Posted: 24/02/2020
The Intermediary Mortgage Lenders Association (IMLA) has encouraged the Government to apply a ‘big thinking’ approach to housing in the upcoming Budget announcement in order to start fixing the ‘broken’ UK housing market
Posted: 24/02/2020
Foundation Home Loans has announced a new partnership with packager firm, The Mortgage Trading Company
Posted: 24/02/2020
Mortgage Intelligence has announced the addition of Newcastle Intermediaries to its lender panel
Posted: 24/02/2020
Openwork has announced that it attracted 559 new mortgage and protection advisers across its network last year
Posted: 21/02/2020
Renters are paying up to 18% more each month than those who own their own homes in some parts of the UK, according to new research published by Halifax
Posted: 21/02/2020
The UK’s buy-to-let (BTL) sector remains an ‘extremely attractive proposition’ according to the founder of Dynamo, although the BTL specialist also challenged the sector’s reliance on paper documentation
Posted: 20/02/2020
The number of approved residential mortgages dipped to 66,002 in January compared to the previous month, according to the latest Mortgage Monitor from e.surv
Posted: 20/02/2020
The MCI Club has launched a new digital mortgage broker platform that will be free to use for all existing club members, as well as new registrants
Posted: 20/02/2020
NatWest announced it has introduced a series of new measures to help support customers affected by the serious flooding across England and Wales
Posted: 19/02/2020
The average house price in the UK increased by 2.2% in the year to December 2019, a rise from 1.7% in the year to November 2019, new data from the Office for National Statistics (ONS) revealed
Posted: 19/02/2020
There were 29,490 new first-time buyer mortgages completed in December 2019, a 0.3% rise from the same month in 2018, according to new data published by UK Finance
Posted: 18/02/2020
Retired homeowners have seen their property wealth increase by more than £3,150 in the past year despite the impact of political and economic uncertainty on the housing market, new analysis from Key has revealed
Posted: 18/02/2020
Air Mortgage Club has announced the addition of Chorley Building Society to its retirement lending panel
Posted: 18/02/2020
The FCA built a ‘higher wall’ in the mortgage market when it introduced the mortgage cap in 2014, according to Hargreaves Lansdown
Posted: 17/02/2020
Almost four in 10 landlords believe that tenant demand for residential property will increase over the next 12 months, research by Paragon revealed
Posted: 17/02/2020
More than half (55%) of advisers expect their equity release business to grow over the next three years, with 12% predicting substantial growth while 43% expect modest growth
Posted: 14/02/2020
Second charge mortgage new business volumes grew by 19% in 2019, according to latest figures published by the Finance & Leasing Association (FLA)
Posted: 13/02/2020
Mortgage possession claims increased by 11% from October to December 2019, with mortgage orders rising by 24% and repossessions growing by 9% in the same period, latest figures from the Ministry of Justice have shown
Posted: 13/02/2020
Outgoing head of the FCA and future Bank of England (BoE) Governor, Andrew Bailey, is set to face pressure from the Mortgage Prisoners Campaign Group at a lobby meeting tomorrow
Posted: 12/02/2020
Eighty per cent of over-55s would opt for equity release instead of moving home, according to new research commissioned by Standard Life and leading equity release broker, Age Partnership
Posted: 11/02/2020
Intermediaries were most confident about the outlook of the mortgage market in 2019 during the final quarter of the year, according to the Intermediary Mortgage Lenders Association (IMLA)
Posted: 11/02/2020
Financial services expert, Hargreaves Lansdown, has suggested people who rely on a property alone for retirement are playing a ‘dangerous game’
Posted: 10/02/2020
more2life has launched a new online lending criteria tool to help advisers assess the likelihood of a successful equity release application
Posted: 10/02/2020
The Government has announced plans to proceed with the First Homes scheme aimed at helping more first-time buyers to step onto the property ladder
Posted: 07/02/2020
Annual house price growth saw a rise of 4.1% in January from the same month a year earlier, according to the latest Halifax House Price Index
Posted: 07/02/2020
Rental growth across England and Wales reached 6.1% in the final quarter of 2019, a figure up from the 5.4% growth achieved in the last quarter of 2018, Fleet Mortgages reported
Posted: 07/02/2020
Stonebridge has announced that it recorded £8bn in mortgage completions for 2019, with lending volumes up by 11%
Posted: 06/02/2020
The Borough of Barking and Dagenham in London is the UK’s most popular location for first-time buyers, new analysis by Zoopla revealed
Posted: 05/02/2020
PRIMIS Mortgage Network has announced the addition of specialist lender, Vida Homeloans, to its lender panel
Posted: 03/02/2020
There was £4.6bn worth of net mortgage borrowing by UK households in December, a rise above the £4.2bn average registered over the past six months, according to new statistics published by the Bank of England (BoE)
Posted: 31/01/2020
Greenfield Mortgages announced it has been added to New Leaf Distribution’s panel of bridging lenders
Posted: 31/01/2020
Foundation Home Loans has launched several new fee-assisted, remortgage products across its residential mortgage product range
Posted: 30/01/2020
Just Mortgages has announced further expansion to its New Build division by growing its team to 23 brokers before the end of the first quarter of 2020
Posted: 30/01/2020
Mortgage brokers are predicting a rise in buy-to-let (BTL) business over the next 12 months on the back of landlords expanding their portfolios and strong remortgage levels, according to new research from Paragon Bank
Posted: 29/01/2020
The average monthly payment for those who remortgaged in December decreased by £182.13, according to figures in the latest LMS Monthly Remortgage Snapshot with data for December 2019
Posted: 29/01/2020
TMA Club has announced the addition of Legal & General Home Finance to its lifetime mortgage panel
Posted: 29/01/2020
There was £116m worth of business in the second-charge mortgage market in November 2019, a 17% rise from the same month in the previous year, new business figures from the Finance & Leasing Association (FLA) revealed
Posted: 28/01/2020
There was £22.2bn in gross mortgage lending across the residential market in December 2019, bringing the annual total for the year to £265.8bn, new figures published by UK Finance revealed
Posted: 27/01/2020
Impact Specialist Finance has announced it is maintaining its position on PRIMIS’s approved specialist packager panel, following an extensive review of all panel members
Posted: 27/01/2020
The level of home ownership among people aged 65 and over reached 78.7% in 2018/19, reflecting a sustained rise from 71% in 2003-04, according to new figures released in the English Housing Survey
Posted: 23/01/2020
More than three-quarters of intermediaries are confident about the market’s prospects over the next 12 months, new research from Masthaven Bank revealed
Posted: 22/01/2020
An increasing number of people aged 65 and over are using equity release products to pay off debts and mortgages, according to new customer data published by LV=
Posted: 21/01/2020
Landbay has announced a new partnership with the Financial Intermediary & Broker Association (FIBA) to provide brokers and their landlord clients with access to its specialist lending products
Posted: 20/01/2020
There were 66,253 residential mortgages approved during the final month of 2019, reflecting a 1.9% increase from November’s total, according to the latest figures from e.surv
Posted: 16/01/2020
TMA has added the short-term lender, Greenfield Mortgages, to its panel to strengthen the Club’s bridging proposition
Posted: 16/01/2020
There were 30,620 new first-time buyer mortgages completed in November 2019, reflecting a 10.5% drop from the same month in 2018, new UK Finance data has revealed
Posted: 15/01/2020
Average rates for borrowers seeking high LTV mortgages, those above 95% LTV, have increased to 3%, according to the latest data from AmTrust’s Mortgage Loan to Value (LTV) Tracker
Posted: 15/01/2020
The reduced political uncertainty will support the growth of the UK mortgage market, with gross mortgage lending forecast to reach £268bn in 2020, and £275bn in 2021, according to a new report from the Intermediary Mortgage Lenders Association (IMLA)
Posted: 15/01/2020
Legal & General Mortgage Club has announced that later life lending has been added to its digital, user-friendly criteria search system, SmartrCriteria
Posted: 14/01/2020
TMA Club has announced the addition of the buy-to-let (BTL) lender, Zephyr Homeloans, to its lending panel
Posted: 14/01/2020
Paradigm Mortgage Services has added the bridging and short-term lender, MT Finance, to its lender panel
Posted: 13/01/2020
PMS Mortgage Club and Sesame Network have announced the launch of an exclusive new three-year fixed rate Retirement Interest Only (RIO) mortgage with Buckinghamshire Building Society
Posted: 10/01/2020
Belmont Green has announced that Louisa Sedgwick has been appointed as the new managing director mortgages for its mortgage brand, Vida Homeloans
Posted: 09/01/2020
Criteria searches in the mortgage market showed ‘continuing volatility’ across a range of market sectors in December, new data from Knowledge Bank suggested
Posted: 09/01/2020
Gatehouse Bank has announced new cuts to the rental rates on its entire Buy-to-Let (BTL) range
Posted: 08/01/2020
The 2010s were the weakest decade for house price growth since the 1990s, although prices still rose by 33% over the 10 years, a new report published by Nationwide has revealed
Posted: 07/01/2020
TMA Club has announced it is adding Holloway Friendly to its panel to enhance the Club’s protection proposition
Posted: 06/01/2020
Gross mortgage lending across the residential market during November 2019 was £23.1bn, a figure 3.3% lower than in the same month in 2018, UK Finance data revealed
Posted: 02/01/2020
The number of first-time buyers in the UK have reached a 12-year high in 2019, according to the Yorkshire Building Society
Posted: 02/01/2020
There were 32,260 new first-time buyer (FTB) mortgages completed in October 2019, 2.8% more than in the same month a year earlier, new UK Finance figures have revealed
Posted: 17/12/2019
PMS Mortgage Club and Sesame Network, part of Sesame Bankhall Group, have announced the addition of Hampshire Trust Bank (HTB) to their BTL and bridging finance panels for advisers
Posted: 17/12/2019
Fleet Mortgages, the BTL specialist lender, has announced it has joined the packaging panel of Brilliant Solutions
Posted: 13/12/2019
FTBs may soon find it easier to get onto the property ladder as banks seek to boost their incomes from the mortgage market, a national mortgage broker has predicted
Posted: 11/12/2019
Just Mortgages has announced that eleven new brokers will start training with its broker academy in 2020 after advancing through its selection procedure
Posted: 11/12/2019
The outstanding value of all residential mortgage loans was £1.486bn in the third quarter of 2019, 3.9% higher than a year earlier, according to new data published by the Bank of England (BoE) and the FCA
Posted: 10/12/2019
Smartr365 has announced a new strategic partnership with Brilliant Solutions Mortgage Club
Posted: 10/12/2019
PMS Mortgage Club and Sesame Network, part of Sesame Bankhall Group, have added the Teachers for Intermediaries (TFI) range of mortgage products to its respective panels
Posted: 10/12/2019
Foundation Home Loans has announced it is joining MCI Club’s lender panel and that adviser member firms will be able to access Foundation’s range of residential and specialist BTL products
Posted: 05/12/2019
Mortgage Brain has announced it has completed the first live transaction on Lendex, its new multi-lender application and submission gateway
Posted: 04/12/2019
West One Loans has announced record figures for November 2019, lending over £100m through the month
Posted: 04/12/2019
TMA Club has announced it is adding the retirement lending solutions provider Just to its equity release panel.
The move will give TMA members immediate access to the lender’s ‘Just For You’ lifetime mortgage product
Posted: 04/12/2019
Smartr365 has announced it will integrate with Mortgage Engine to enhance its direct-to-lender connections
Posted: 29/11/2019
Gross mortgage lending across the residential market was £25.5bn in October 2019, 0.9% lower than in the same month in 2018, new UK Finance data revealed
Posted: 26/11/2019
The Nottingham has revealed it is introducing a new Retirement Interest Only (RIO) 10-year mortgage fixed at 3.95%
Posted: 26/11/2019
Sixteen per cent of those who take out a Retirement Interest Only (RIO) mortgage on their property do so to provide a family gift, according to new research from Hodge
Posted: 25/11/2019
There were 311,400 homeowners who switched product with their existing provider in the third quarter of 2019, a year-on-year increase of 7.5%, new UK Finance data revealed
Posted: 22/11/2019
Kent Reliance, part of the specialist lending and retail savings group OneSavings Bank, has announced it has joined the Brilliant Solutions Mortgage Club lender panel
Posted: 22/11/2019
Stonebridge has announced the firm broke its record for lending applications submitted during October this year
Posted: 21/11/2019
There were 29,100 new FTB mortgages completed in September 2019, 1.6% more than in the same month in 2018, new UK Finance data revealed
Posted: 19/11/2019
PMS Mortgage Club and Sesame Network, both part of the Sesame Bankhall Group, have added Greenfield Mortgages to their respective bridging lending panels
Posted: 15/11/2019
There were 25 second charge mortgage repossessions in the third quarter of 2019, reflecting a 30.1% drop from the number recorded in Q3 2018, new figures published by the Finance & Leasing Association (FLA) have revealed
Posted: 14/11/2019
There were 71,590 UK homeowner mortgages in arrears of 2.5% or more of their outstanding balance in the third quarter of 2019, new UK Finance data revealed.
This represented 0.79% of all outstanding residential mortgages – 9% fewer than in the same quarter in 2018 - meaning the proportion of homeowner mortgages in arrears has remained at a historically low level, with most borrowers continuing to repay their mortgages in full and on time each month
Posted: 14/11/2019
Intermediaries are confident they can ‘weather the storm’ of Brexit and a general election, according to new research from the Intermediary Mortgage Lenders Association (IMLA)
Posted: 13/11/2019
The average UK house price has increased by 1.3% over the year up to September 2019, which was also unchanged from August 2019, new ONS figures revealed
Posted: 13/11/2019
Fleet Mortgages has announced several changes to its lending and product criteria, following feedback from its intermediary partners
Posted: 13/11/2019
Foundation Home Loans has announced several price cuts across its range of two-year BTL fixed rate products
Posted: 13/11/2019
Newbury Building Society has announced it has reduced the rates of its 95% LTV fixed mortgage products to further assist customers taking their first step onto the property ladder
Posted: 12/11/2019
Forty-nine per cent of adults to have experienced adverse credit in the last three years and are planning to purchase a house in the next year with a mortgage, or remortgage, have said they would use online research to find a broker
Posted: 12/11/2019
The average number of mortgages introduced per office in the third quarter of 2019 was 21.9, a 3% drop from Q2 and the lowest figure since Q2 2017, according to Paragon’s latest Financial Adviser Confidence Tracking (FACT) report
Posted: 11/11/2019
Habito has announced a new partnership with Impact Specialist Finance, allowing homeowners with a poor credit history access to Impact’s specialist broker services at no cost
Posted: 08/11/2019
“The mortgage sector today is a world away from the one that existed a decade ago”, executive FCA Board member and director of strategy and competition, Christopher Woolard has said
Posted: 06/11/2019
Second charge mortgage volumes were up by 20% in September
Posted: 06/11/2019
Brilliant Solutions has today announced it is teaming up with Knowledge Bank as its exclusive criteria search provider
Posted: 05/11/2019
Zephyr Homeloans, the specialist buy-to-let lender owned by Computershare, has sharpened the rates on its range of five-year, fixed-rate deals — and lowered some product fees by as much as 0.5%
Posted: 05/11/2019
The proportion of searches for remortgages has increased by 5.3% in the last 12 months, according to new analysis from Experian
Posted: 30/10/2019
Annual house price growth remained below 1% for the eleventh month in a row in October, at 0.4%, according to the latest data from the Nationwide House Price Index
Posted: 29/10/2019
Stonebridge has announced further growth in appointed representative recruitment into its business, as well as a significant year-on-year growth in its mortgage business activity
Posted: 28/10/2019
A total of £988m in property wealth was unlocked by over-55 homeowners between July and September this year, a rise in activity of 8% from Q2, according to the latest figures from the Equity Release Council (ERC).
The representative body for the sector revealed that equity release products provided UK over-55s with £11m per day during Q3, up from the total £911m provided during Q2
Posted: 28/10/2019
Average rates are rising and product numbers are dropping for 95% LTV first-time buyer borrowers, according to mortgage insurer, AmTrust
Posted: 28/10/2019
The Mortgage Awards 2020 from MoneyAge are now open to entries for mortgage lenders and providers serving clients in the UK
Posted: 24/10/2019
Gross mortgage lending across the residential market in September 2019 was £22.3bn, 3.7% higher than in the same month in 2018, according to UK Finance.
There were 85,880 mortgages approved by the main high street banks in September 2019. Mortgage approvals for home purchase were 13.5% higher, remortgage approvals were 23.4% higher and approvals for other secured borrowing were 8.5% higher than in September 2018
Posted: 24/10/2019
Seventy-two per cent of mortgage enquiries are coming from people who have already been refused a mortgage for not being the ‘perfect candidate,’ according to new findings from Mortgage Experience
Posted: 23/10/2019
Swansea Building Society has become the latest lender to be added to Paradigm Mortgage Service’s lender panel
Posted: 16/10/2019
A total of 35,010 new first-time buyer mortgages were completed in August 2019, 0.7% more than in the same month in 2018, and the highest monthly total since August 2007 when there were 35,070 new first-time buyer mortgages
Posted: 15/10/2019
Foundation Home Loans has launched three new fee-assisted five-year BTL products that will be available across both its Tier 1 and Tier 2 product ranges
Posted: 14/10/2019
Habito has launched a brand-new home-financing service, ‘Habito Go,’ designed to give FTBs the advantages and negotiating power usually only enjoyed by cash buyers
Posted: 14/10/2019
Vida Homeloans has announced new changes to its help-to-buy (HTB) products, cutting its HTB purchase and remortgage rates by up to 0.31%
Posted: 14/10/2019
The average monthly remortgage payment in the UK increased by £214.31 in August, according to new data from LMS
Posted: 14/10/2019
Potential changes from the fallout of Brexit including rental caps and the introduction of a ‘Right to Buy’ for private tenants could be devastating, according to specialist lender representatives speaking at an event in Coventry
Posted: 11/10/2019
Paradigm Mortgages Services has added the later life lender, more2life, to its provider panel
Posted: 11/10/2019
The number of agreements in the second charge mortgage market increased by 12% in August from the previous year, according to new data from the Finance & Leasing Association (FLA)
Posted: 10/10/2019
Buy-to-let specialist Zephyr Homeloans has been appointed to the Legal & General Mortgage Club lender panel
Posted: 09/10/2019
PMS Mortgage Club and Sesame Network, part of Sesame Bankhall Group, have bolstered their specialist lending panels with the addition of BTL lender, Axis Bank UK
Posted: 08/10/2019
Intermediary-only lender Foundation Home Loans has confirmed a new partnership with mortgage network Mortgage Intelligence
Posted: 08/10/2019
Connect for Intermediaries has been appointed by Legal & General Mortgage Club as one of its recommended partners on its new referral service, SmartrRefer
Posted: 08/10/2019
Saffron Building Society says it has extended the terms and reduced the rates and fees on its expat mortgages “in response to feedback from intermediaries”
Posted: 07/10/2019
Paragon has launched a new intermediary portal, with additional features to make it easier for buy-to-let mortgage intermediaries to make and manage applications online
Posted: 07/10/2019
OneSavings Bank and Charter Court Financial Services Group have now combined their two businesses, it has been announced
Posted: 07/10/2019
Legal & General has secured the go-ahead from the FCA to launch an advice business for Legal & General Home Finance’s range of lifetime mortgages
Posted: 04/10/2019
Bluestone Mortgages will be joining PRIMIS Mortgage Network’s lender panel, the two companies have announced today
Posted: 02/10/2019
Hinckley & Rugby Building Society has boosted its later life lending offering, unveiling a new five-year fix as well as a cut in interest rates on two existing later life products, including a RIO mortgage
Posted: 02/10/2019
Mortgage approvals fell to £3.9 billion in August, but this followed a strong net flow of £4.5 billion in July, so the figure remains in line with the post 2016 average, according to the Bank of England’s latest Money and Credit statistical release. The industry has responded positively to the figures, hailing them as a sign of the market’s strength in difficult times.
Posted: 30/09/2019
Gross mortgage lending across the residential market in August 2019 was £24bn, 3.2% lower than in the same month in 2018, according to UK Finance
Posted: 25/09/2019
Homeowners who lapse onto their lender’s Standard Variable Rate (SVR) mortgage are facing the ‘ultimate loyalty penalty’ of £4,500 per year on average, according to research from online mortgage broker, Trussle, or collectively are missing out on £9bn worth of savings
Posted: 25/09/2019
Sainsburys Bank is to immediately stop new mortgage sales as part of its financial services five year plan
Posted: 25/09/2019
PMS Mortgage Club has announced that specialist lender Together has been added to its panel
Posted: 24/09/2019
JLM Mortgage Services has revealed that advisory firm Fosters Financial has now joined its mortgage and protection network
Posted: 24/09/2019
Homeowners aged over 55 unlocked £1.85bn in housing wealth in the first half of this year, according to the Equity Release Council’s Autumn 2019 Market Report
Posted: 24/09/2019
SimplyBiz Mortgages has announced that Reliance Bank has joined its lenders panel with immediate effect
Posted: 24/09/2019
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
Is 2025 the year of the remortgage?
An estimated 1.8 million fixed rate mortgage deals are due to expire in 2025, 400,000 more than in 2024. This surge in remortgaging presents a critical opportunity for mortgage brokers to offer essential advice and financial support to homeowners across the UK, ensuring they transition smoothly to new deals amid stabilising interest rates and heightened affordability checks.
The future of the bridging industry and the Autumn Budget
MoneyAge content editor, Dan McGrath, is joined by head of marketing at Black & White Bridging, Matt Horton, to discuss the bridging industry, the impact of the Autumn Budget and what the future holds for the sector.
The UK housing market in 2024
The performance of the UK housing market in 2024 has largely exceeded many people's expectations, although challenges remain for first-time buyers due to house prices increasing and a testing rental market for many. Regional disparities, such as the North-South divide, also continue to influence housing accessibility and affordability for many buyers in pockets of the country.
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