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Towergate Financial sold to private equity firm in £8.6m deal

5 March 2015 3:29 pm | By Devraj Ray

British-based Palatine Private Equity will acquire TF Financial Planning and John Charcol subject to regulatory approval.

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More than 80,000 use Help to Buy in nearly 2 years

5 March 2015 2:39 pm | By Devraj Ray

More than three-quarters of Help to Buy borrowers have been first-time buyers.

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MPC holds base rate to mark 6th anniversary at 0.5%

5 March 2015 12:00 pm | By Devraj Ray

Base rate was cut to 0.5 per cent in March 2009.

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FPC under pressure to review LTI cap

5 March 2015 | By Devraj Ray

Trade bodies have urged the Financial Policy Committee to review its LTI cap over fears of a “domino effect”, where more lenders introduce their own caps.

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Aldermore eyes £660m IPO valuation

4 March 2015 11:35 am | By Devraj Ray

Bank is set to launch its shares on the London Stock Exchange this month.

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Trade bodies call for LTI cap rethink over ‘domino effect’ fears

4 March 2015 10:06 am | By Devraj Ray

Calls come after TSB became the latest lender to impose a 4.5x cap on income multiples for all applications last week.

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David Cameron pledges to 'keep mortgage rates low'

2 March 2015 4:41 pm | By Devraj Ray

PM also pledges to build 200,000 “cut-price” homes by 2020.

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House prices fall for first time in 5 months

2 March 2015 10:57 am | By Devraj Ray

Average house prices across the UK was £187,964 in February.

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James Chidgey to join Mortgage Advice Bureau

2 March 2015 10:30 am | By Devraj Ray

Chidgey is set to leave Nationwide in March, after 30 years of service.

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TSB takes 0.7% share of the market in debut year

25 February 2015 3:41 pm | By Devraj Ray

Lender’s full-year results show £1.47bn in gross lending last year.

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TSB introduces blanket LTI cap

25 February 2015 8:55 am | By Devraj Ray

Cap comes into effect today at 4.5x income.

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Wonga to cut 325 jobs as part of cost cutting drive

24 February 2015 3:13 pm | By Devraj Ray

Payday lender is halving the number of support staff currently serving its UK business.

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Yorkshire BS achieves record lending in 2014

24 February 2015 10:50 am | By Devraj Ray

Pre-tax profit fell 6 per cent to £188.2m after the lender was fined twice by the regulator last year.

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Is the great rate war coming to an end?

24 February 2015 10:31 am | By Devraj Ray

Spike in swaps has led brokers to predict the end of record-low mortgage rates. 

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Slow start to 2015 with lending down 11%

19 February 2015 12:36 pm | By Devraj Ray

But trade body has not changed its forecast of £222bn of lending for this year. 

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Dormant lender CHL put up for sale… again

19 February 2015 9:52 am | By Devraj Ray

Capital Home Loans has been put up for sale again by parent company Permanent TSB.

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Broker boost as Tesco becomes latest lender to widen distribution

19 February 2015 | By Devraj Ray

Tesco Bank says it will start distributing mortgage products through intermediaries by the first half of 2016.

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MPC unanimous on rates as it eyes inflation target

18 February 2015 12:05 pm | By Devraj Ray

Minutes show committee was in agreement on interest rates for secon month in a row.

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ONS: House price inflation slows again

17 February 2015 5:06 pm | By Devraj Ray

UK house prices grew 9.8 per cent year-on-year in December 2014.

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Virgin Money publishes broker manifesto

17 February 2015 12:47 pm | By Devraj Ray

Lender outlines how it will work with brokers in the future, including promise not to dual price and to give 24 hours notice before pulling products.

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Remortgage slump continues as volumes plummet 13%

17 February 2015 12:17 pm | By Devraj Ray

The value of remortgage loans has fallen year-on-year.

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Inflation slides to lowest annual rate on record

17 February 2015 10:14 am | By Mark Sands

Inflation has fallen to the lowest 12-month rate on record according to figures released by the Office for National Statistics.

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Mutuals' market share dips despite gross lending increase

16 February 2015 4:22 pm | By Devraj Ray

Building societies advanced £52.6bn in 2014, up 4.4 per cent from a year earlier.

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Asking prices rise at fastest rate for 9 months

16 February 2015 12:07 pm | By Devraj Ray

Asking prices up 6.6 per cent year-on-year in February.

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'Deflationary spiral' fears blocked BoE interest rate hike

16 February 2015 9:16 am | By Mark Sands

The Bank of England’s MPC voted against hiking interest rates in January in order to stave off fears of a “deflationary spiral”.

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Tesco to cut up to 10,000 jobs but plans to expand mortgage arm

16 February 2015 8:26 am | By Natalie Holt

Supermarket overhaul could see large scale job losses, while banking arm sets sights on lending through brokers.

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Lloyds Bank slashes remortgage rates by up to 0.2%

13 February 2015 3:38 pm | By Devraj Ray

Remortgage customers also receive £500 cashback on completion.

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Nationwide's lending down 5%

13 February 2015 10:15 am | By Paul Thomas

Building society lent £20.4bn in the last nine months of 2014.

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House purchase approvals down year-on-year for fifth consecutive month

12 February 2015 12:08 pm | By Paul Thomas

But approvals up 9.1 per cent on a monthly basis in January.

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Carney warns of potential future rate cuts as deflation looms

12 February 2015 12:04 pm | By Mark Sands

BoE says inflation could turn negative in Spring before recovering to zero later this year.

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CML: Repossessions down 26% last year

12 February 2015 10:14 am | By Paul Thomas

Arrears fall to eight-year low.

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TSB launches into 95% LTV mortgages

11 February 2015 2:54 pm | By Tessa Norman

The range is initially available only to direct customers. 

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Santander slammed over 'absurd and worrying' pensions stance

11 February 2015 9:58 am | By Devraj Ray

Lender last week stated it would exclude additonal pension payments from affordability, but will continue to include any company pension schemes.

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Barclays launches fixes with reduced rate in first year

10 February 2015 2:04 pm | By Paul Thomas

Three and five-year fix priced at 3.49 per cent and 3.59 per cent, respectively, in first year before going up to 4.19 per cent.  

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Affordability crisis to slam brakes on London house price growth

10 February 2015 12:51 pm | By Paul Thomas

House price growth in London will trail the rest of the UK over the next five years as first-time buyers struggle to get on the housing ladder, says Savills.

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L&G enters the equity release market

9 February 2015 1:14 pm | By Paul Thomas

Legal & General is to enter the equity release market following its acquisition of Newlife.

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West Brom tracker hike ruling 'leaves a sour taste'

6 February 2015 11:00 am | By Tessa Norman

High Court ruled in favour of lender after it hiked tracker rates for 6,700 landlords. 

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First year-on-year house price rise in 6 months

5 February 2015 5:09 pm | By Devraj Ray

House prices rose 8.5 per cent year-on-year to £193,130 in January, says Halifax.

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BoE holds base rate at 0.5% again

5 February 2015 12:18 pm | By Devraj Ray

Programme of quantitative easing maintained at £375bn.

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State Bank of India opens its doors to brokers

4 February 2015 5:14 pm | By Devraj Ray

Indian lender re-entered the UK buy-to-let market last year, after an 18-month absence.

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