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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.


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.


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.


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.


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.

James Chidgey

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.

TSB store front 700 x 450

TSB introduces blanket LTI cap

25 February 2015 8:55 am | By Devraj Ray

Cap comes into effect today at 4.5x income.


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 Building Society

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.


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. 


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. 


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.


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.


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.


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.


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.


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.


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.


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.


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.


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.

TSB store front 700 x 450

TSB launches into 95% LTV mortgages

11 February 2015 2:54 pm | By Tessa Norman

The range is initially available only to direct customers. 


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.  


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

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.


BoE holds base rate at 0.5% again

5 February 2015 12:18 pm | By Devraj Ray

Programme of quantitative easing maintained at £375bn.


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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