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AMI: Brokers will take 75% market share within 5 years

24 October 2014 10:42 am | By Devraj Ray

AMI chief executive Robert Sinclair says direct-only channel is in “decline”.


James Chidgey to leave Nationwide after 29 years

23 October 2014 10:20 am | By Devraj Ray

Lender recruiting for his replacement.

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Nationwide to launch its lowest ever fixed rate at 1.74%

23 October 2014 9:40 am | By Devraj Ray

Lender is also launching a five-year fix up to 60 per cent LTV at 2.84 per cent.

Comments (1)


TSB to begin operating through brokers in December

22 October 2014 3:23 pm | By Devraj Ray

Lender will launch a pilot scheme through London & Country in December before opening to the wider broker market in January 2015.

Comments (1)


Govt minister says lenders are acting against 'spirit' of MMR

22 October 2014 11:59 am | By Samuel Dale

Lord Dick Newby says the FCA should review how the MMR is working for older borrowers.

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MPC holds off rate rise due to eurozone risks

22 October 2014 10:27 am | By Devraj Ray

Ian McCafferty and Martin Weale again voted to increase the benchmark rate by 0.25 per cent.

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Brokers urge lenders to loosen criteria after cuts to fixed rates

22 October 2014 9:40 am | By Devraj Ray

Competition and falling swaps rates have led to a rush of rate cuts, but brokers want to see more innovation on criteria

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Tesco Bank eyes entry into the broker market

21 October 2014 3:02 pm | By Paul Thomas

Mortgage Strategy understands lender could launch broker proposition by Q2 2015.

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BoE launches review into payments system failure

21 October 2014 10:32 am | By Devraj Ray

A technical error yesterday left UK borrowers unable to access a mortgage for a large part of the day.


All mortgage transactions on hold as BoE hit by technical problems

20 October 2014 2:22 pm | By Samuel Dale

Technical problems have seen the Bank shut down a key system affecting mortgage transactions.


West Brom borrowers set for court in fight over buy-to-let rate hike

20 October 2014 1:35 pm | By Samuel Dale

Landlords suing the West Brom Building Society over a tracker rate hike have been given the go-ahead to take the case to trial.


Ben Thompson to leave Legal & General

20 October 2014 11:59 am | By Devraj Ray

Thompson to join ULS Technology, the parent company of eConveyancer, as its new managing director.


CML: Mortgage lending has hit a 'plateau'

20 October 2014 9:56 am | By Paul Thomas

Figures show lending is up 10 per cent year-on-year in September but trade body says growth may have stalled.

Comments (1)


Virgin delays IPO following equities dive

17 October 2014 12:04 pm | By Devraj Ray

Lender says it will continue with plans for an IPO.


Experts blast 'nightmare' Labour plan to block buy-to-let homes

17 October 2014 8:16 am | By Samuel Dale

National Landlords Association says the move to stop landlords could scare away investors.

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Labour would allow councils to ban buy-to-let on new homes

16 October 2014 8:14 am | By Samuel Dale

Sir Michael Lyons’ report into housing for the party is targeting 200,000 new homes a year by 2020.

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Aldermore scraps IPO plans following equities slump

15 October 2014 10:44 am | By Devraj Ray

Challenger bank had been due to launch its shares on the London Stock Exchange this month.

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Fake property developer jailed for £30m mortgage fraud

15 October 2014 8:45 am | By Samuel Dale

Mark Entwistle conned banks out of millions while living a lavish lifestyle.

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Scotland slashes price ceiling for Help to Buy scheme

14 October 2014 4:23 pm | By Paul Thomas

From 22 October, the maximum price on eligible new-builds will be £250,000, as opposed to £400,000 at present.


London house prices up 20% year-on-year

14 October 2014 11:58 am | By Devraj Ray

Average UK price grew 11.7 per cent year-on-year in August.


Mortgage applications top fraud list in August

14 October 2014 10:21 am | By Devraj Ray

79 in every 10,000 mortgage applications were found to be fraudulent in August.

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Tesco launches into 90% LTV mortgages

13 October 2014 11:51 am | By Devraj Ray

Range begins at 3.49 per cent.

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Scotland abolishes 'slab' structure of stamp duty

10 October 2014 10:07 am | By Paul Thomas

Scottish government replaces it with a more marginal tax akin to income tax.

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BoE votes to keep base at 0.5% for 67th consecutive month

9 October 2014 12:02 pm | By Paul Thomas

Quantitative easing kept at £375bn.


HSBC warned of challenges following shock broker lending announcement

8 October 2014 12:00 pm | By Devraj Ray

Mortgage brokers say HSBC may need to loosen its lending criteria after announcing shock plans to lend through brokers for the first time.

Comments (2)


Nationwide cuts its early repayment charges

7 October 2014 3:06 pm | By Paul Thomas

Lender to introduce a reducing scale for ERCs.

Comments (2)


Lenders: Rate war set to continue during fourth quarter

7 October 2014 10:42 am | By Paul Thomas

Lenders expect credit availability to increase in Q4, after falling in Q3.


Ryan Direct Group set to buy Assurant Intermediary

6 October 2014 9:47 am | By Devraj Ray

Deal expected to complete later this year.


Labour peer Lord McFall joins board of digital bank Atom

6 October 2014 8:54 am | By Natalie Holt

Lord McFall is joining as senior non-executive director as the bank seeks regulatory approval.

Comments (1)


Aldermore eyes £800m stockmarket debut

3 October 2014 8:50 am | By Devraj Ray

Challenger bank hopes to raise £75m in capital through stockmarket listing on 17 October.


BoE seeks power to cap LTVs

2 October 2014 2:18 pm | By Devraj Ray

Bank has urged Chancellor George Osborne to grant it power to place limits on loan-to-value ratios.

Comments (4)


HSBC set to enter the broker market for the first time

2 October 2014 12:11 pm | By Paul Thomas

HSBC will distribute through Countrywide initially.

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Virgin Money confirms £150m IPO launch

2 October 2014 10:03 am | By Devraj Ray

Lender is seeking to raise £150m through the share offering.


Barclays to slash rates by up to 0.39%

1 October 2014 2:13 pm | By Paul Thomas

Lender increases LTV on 1.94 per cent two-year fixed rate to 75 per cent.


PRA amendment to LTI rules will exclude most private banks

1 October 2014 12:47 pm | By Paul Thomas

Lenders that write fewer than 300 mortgages a year are now excluded.


NatWest Intermediary Solutions latest lender to increase proc fees

30 September 2014 2:12 pm | By Devraj Ray

Lender to increase proc fees by 3 basis points for DA firms, and 5 basis points for ARs.

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Citizens Advice: Payday lenders still 'falling short on responsible lending'

30 September 2014 12:00 pm | By Devraj Ray

Survey shows just a quarter of struggling borrowers feel their lender has treated them sympathetically.

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Nationwide reports first drop in UK house prices for 17 months

30 September 2014 8:56 am | By Devraj Ray

Average UK prices fell 0.2 per cent between August and September, according to Nationwide.


Approvals hit by continued weakness in remortgage market

29 September 2014 11:02 am | By Devraj Ray

Total number of approvals down 5.8 per cent year-on-year in August.


Tories target first-time buyers with scheme to cut house prices

29 September 2014 8:26 am | By Samuel Dale

David Cameron pledges to give a 20 per cent discount to first-time buyers if Conservatives win the general election.

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