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Treasury settles on 'accidental landlord' definition

26 January 2015 5:09 pm | By Devraj Ray

Legislation states broker firms will be responsible for regulatory compliance, not individual advisers.


Barclays introduces blanket LTI cap

23 January 2015 10:15 am | By Devraj Ray

 The lender has applied a cap of 4.5 times income on all loans.

Comments (9)

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Former Martin Brokers execs fined £315k and banned over Libor rigging

22 January 2015 11:05 am | By Sam Brodbeck

David Caplin and Jeremy Kraft “contributed to a culture at that permitted Libor manipulation to take place”.

Comments (1)


Brokers predict rate war will continue past election

21 January 2015 9:58 am | By Devraj Ray

Average five-year fixed rate has fallen 45 basis points since middle of last year.


Nationwide to launch market's lowest-ever 10-year fix

20 January 2015 2:21 pm | By Devraj Ray

Lender set to undercut Barclays by offering market’s lowest-ever 10-year fixed rate at 2.84 per cent. 

Comments (1)


Lord Mandelson hits out at 'crude' mansion tax

20 January 2015 10:02 am | By Sam Brodbeck

Ex-cabinet minister slams Labour’s flagship policy.

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TSB widens distribution in second phase of broker launch

19 January 2015 9:56 am | By Devraj Ray

Lender distributing through 73 DA firms and nine major distributors.

Comments (4)


Barclays tightens LTI criteria

16 January 2015 2:39 pm | By Devraj Ray

Lender places 4.5 times income cap on lending over 80 per cent LTV.

Comments (2)


Senior police officer cleared of mortgage fraud in just 20 minutes

16 January 2015 1:16 pm | By Devraj Ray

Chief Inspector John Buttress had been accused of fraudulently obtaining a residential mortgage for a property he subsequently let out to holiday renters.

Comments (10)


Steve Webb demands evidence from lenders on pensions stance

16 January 2015 9:30 am | By Tessa Norman

Mortgage lenders asked for evidence on whether pension savers are a better credit risk. 

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Remortgage sector continues its slump with loans down 16%

14 January 2015 4:35 pm | By Devraj Ray

Purchase and remortgage lending down year-on-year.

Comments (2)


Oil slide leads to fears over rising mortgage rates

14 January 2015 11:24 am | By Devraj Ray

Experts warn that volatility from the oil market fallout could see UK mortgage rates increase.


New specialist lender Pepper UK launches

14 January 2015 10:15 am | By Devraj Ray

Lender has rates starting at 3.6 per cent.


House prices grow at their slowest pace since April

13 January 2015 4:20 pm | By Devraj Ray

Prices up 10 per cent year-on-year in April.


Scotland provides boost for small house builders with new H2B scheme

13 January 2015 11:43 am | By Devraj Ray

New £30m scheme will help buyers purchase homes built by smaller developers.


Peter Izard leaves Harrods Bank for Investec

12 January 2015 12:23 pm | By Devraj Ray

Izard joins from Harrods Bank, where he has spent the last 10 months.


Nationwide pushes Manchester Building Society to carry out financial review

12 January 2015 8:53 am | By Tessa Norman

Lenders have hired an investment bank to carry out a review of the Manchester’s finances.


FCA 'could probe rising proc fees'

9 January 2015 12:00 pm | By Devraj Ray

Regulator will investigate if evidence emerges suggesting rising procuration fees are leading to bad consumer outcomes.

Comments (27)


Clydesdale appoints Aegon chief as non-exec

9 January 2015 10:48 am | By Devraj Ray

Grace has previously served as chief executive of Barclays Insurance.


Santander to raise £5.9bn in share sale

9 January 2015 8:48 am | By Devraj Ray

Reports suggest the bank could be eyeing a takeover of Italian bank Banco Monte dei Paschi di Siena.


BoE votes to hold base rate at 0.5%

8 January 2015 12:01 pm | By Devraj Ray

Benchmark interest rate is held for the 70th month in a row.


Neil Hoare joins Homeloan Partnership

8 January 2015 10:10 am | By Devraj Ray

Hoare left his role as PTFS head of lending last month after the network restructured its sales team.

Comments (3)


House price growth slows to 11-month low

8 January 2015 9:58 am | By Devraj Ray

Halifax predicts prices to rise by up to 5 per cent in the next year. 

Comments (1)


London & Country expands with new City offices

7 January 2015 12:59 pm | By Devraj Ray

Mortgage and protection broker also has offices in Bath and Newcastle.


CEBR: London slump to drive UK house price decline in 2015

7 January 2015 10:33 am | By Devraj Ray

CEBR analysts have forecast UK house prices to fall 0.6 per cent in 2015, led by a 3.3 per cent fall in London.

Comments (4)


Mortgage review: After regulatory upheaval, will 2015 bring calmer seas?

7 January 2015 10:25 am | By Devraj Ray

A look back on the year that was and what the mortgage market can expect for 2015.

Ian Lonergan and Phil Jenks

Precise team to launch new savings bank

7 January 2015 9:57 am | By Devraj Ray

New bank will launch in the first half of 2015.


Senior police officer in court over mortgage 'gaming' charges

6 January 2015 2:13 pm | By Devraj Ray

Chief Inspector John Buttress is on trial at Liverpool Crown Court facing charges of mortgage fraud.

Comments (13)


First-time buyer purchases at 7-year high

6 January 2015 12:30 pm | By Devraj Ray

Number of first-time buyers purchasing a home up 22 per cent year-on-year in 2014.


Leeds becomes the latest lender to increase proc fees

6 January 2015 10:49 am | By Devraj Ray

Brokers to receive an extra 3 basis points.


Clydesdale and Yorkshire CEO David Thorburn exits

6 January 2015 10:15 am | By Devraj Ray

Parent company National Australia Bank is still eyeing a £2bn flotation of Clydesdale and Yorkshire Banks.


SimplyBiz acquires surveying firm Home Information Group

5 January 2015 1:28 pm | By Devraj Ray

SimplyBiz Mortgages chief executive Martin Reynolds and joint-managing director Matt Timmins join HIG board.


Virgin and Skipton increase proc fees

5 January 2015 10:55 am | By Devraj Ray

Virgin and Skipton increase proc fees by 10 and 6 basis points respectively.


House prices rise at slowest for a year

30 December 2014 10:52 am | By Devraj Ray

Nationwide says house prices have moderated with a more acute fall in the number of mortgage approvals.

Comments (1)


Lord King warns on UK banking system

30 December 2014 10:41 am | By Devraj Ray

Former BoE governor does not believe the current banking system could withstand another downturn.

Comments (1)


US private equity firm circles Towergate

29 December 2014 10:44 am | By Devraj Ray

Towergate founder and deputy chairman Peter Cullum is understood to be putting together a rival management buyout deal.


Think-tank calls for tougher tax powers on empty homes

29 December 2014 10:24 am | By Devraj Ray

IPPR wants to see greater tax powers for local authorities to reduce the number of unoccupied properties.


UK home sales fall below 100,000

24 December 2014 10:23 am | By Devraj Ray

November was the first time property sales fell below the 100,000 threshold this year.


Banks' mortgage approvals plunge 22% in November

23 December 2014 2:55 pm | By Devraj Ray

Purchase and remortgage approvals both down year-on-year in November.

Comments (3)


Mansion tax would start on 'day one' under Labour

23 December 2014 10:48 am | By Devraj Ray

The shadow chancellor says he would apply the levy for the 2015/16 financial year, which begins a month before the election.

Comments (18)

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