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Skipton joins Leeds in boosting buy-to-let proc fees

15 September 2014 3:01 pm | By Devraj Ray

Lender complements increased proc fees with new range of 7-year buy-to-let fixed rates. 


Investec offloads Irish mortgage business

15 September 2014 8:39 am | By Sam Macdonald

Investec is to sell its Irish intermediated mortgage business Start along with other Irish mortgages assets to an affiliate of private equity firm Lone Star Funds.


Brokers say remortgage boom is on the horizon

13 September 2014 8:00 am | By Devraj Ray

A new Mortgage Advice Bureau report forecasts remortgage lending will rise by a third in next two years.


SRA strikes off solicitor convicted of mortgage fraud

12 September 2014 1:31 pm | By Devraj Ray

Kamran Malik was imprisoned for five years for his role in a £5.2m mortgage fraud.


Barclays to lose two more senior members of its broker team

11 September 2014 1:37 pm | By Devraj Ray

Regional intermediary directors Alun Donovan and Stephen Banks set for early retirement. 

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Ana Botin succeeds her father as Santander group chair

11 September 2014 8:32 am | By Steve Tolley

Move announced after Emilio Botin dies of a heart attack earlier this week.

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Lloyds and RBS to move if Scotland votes for independence

11 September 2014 8:30 am | By Tom Selby

Banking giants Lloyds and RBS have confirmed they could move their headquarters to England if Scotland votes to leave the UK in next week’s referendum.

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Mortgage fraudsters lodge appeal against judgments

10 September 2014 3:44 pm | By Devraj Ray

Five mortgage fraudsters constructed a property portfolio valued at around £6m.


Industry slams Govt U-turn on buy-to-let regulation

10 September 2014 10:30 am | By Devraj Ray

Brokers believe the changes could lead to wider BTL market regulation

Comments (1)


Cameron issues plea to Scots on independence as fund groups pull cash

10 September 2014 9:00 am | By Steve Tolley

Move comes as financial services firms warn over “dire consequences” of independence.

Comments (4)


Santander chairman Emilio Botin dies

10 September 2014 8:42 am | By Natalie Holt

The chairman is credited with turning a regional bank into a banking giant.


BoE: Base rate will not return to 'pre-recession' levels

9 September 2014 2:57 pm | By Devraj Ray

Bank of England governor Mark Carney says an increase in base rate is “getting closer”.


Proportion of mortgages at 90% LTV or greater hits six-year high

9 September 2014 12:13 pm | By Devraj Ray

The proportion of mortgage advances at 90 per cent LTV or higher reached 4.6 per cent in the second quarter of 2014.


Kensington sold to Blackstone and TPG for £180m

9 September 2014 8:41 am | By Steve Tolley

Deal announced as former Barclays chief operating officer Ian Henderson to become new chief executive.

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£2.5m mortgage fraudster ordered to repay £110,000

8 September 2014 4:34 pm | By Devraj Ray

Jason Omar, 43, was convicted in April 2013 for his role in a £2.5m mortgage fraud.

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Govt U-turns on buy-to-let regulation for 'accidental landlords'

5 September 2014 12:55 pm | By Devraj Ray

Treasury says it must regulate part of the UK buy-to-let market to comply with the EU mortgage directive.

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Tory MPs call for stamp duty reform

4 September 2014 4:43 pm | By Steve Tolley

Govt urged to raise threshold to £500,000.

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Seven conveyancers banned over £8m fraud

4 September 2014 2:50 pm | By Devraj Ray

Solicitors Compensation Fund has had to pay out £13m in compensation to more than 2,500 clients.


BoE holds base rate at 0.5% once again

4 September 2014 12:10 pm | By Devraj Ray

Programme of quantitative easing is maintained at £375bn.


Enterprise Finance acquires West One Loans

4 September 2014 9:52 am | By Devraj Ray

Master broker has acquired the bridging lender for an undisclosed sum.


NatWest repeals mortgage ban against Financial Ltd advisers

4 September 2014 | By Michael Glenister

Lender suspended new mortgage applications earlier this month.


Skipton Building Society to slash revert-to rate by 0.5%

3 September 2014 3:33 pm | By Paul Thomas

Residential and buy-to-let revert-to rates will be cut to 4.99 per cent and 5.19 per cent, respectively, from 1 October.

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Precise gears up for busy end-of-year with product overhaul

3 September 2014 1:57 pm | By Devraj Ray

Lender reduces almost prime reversion rate by 0.53 per cent.


Virgin Money to launch third securitisation

3 September 2014 11:14 am | By Devraj Ray

Deal expected to close in the next fortnight.


Key Group eyes secured loans market with V Loans acquisition

3 September 2014 10:22 am | By Devraj Ray

Key will retain the V Loans brand, with the packager remaining at its base in Cheshire.

Comments (1)


Major lenders set to use automated valuations to ease delays

3 September 2014 9:40 am | By Paul Thomas, Devraj Ray

The housing market has been hit by severe valuation delays in the last year.

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Fraudulent surveyor pays £1.7m confiscation order

2 September 2014 3:45 pm | By Devraj Ray

Ian McGarry was sentenced to six and a half years in jail for his role in a £50m mortgage fraud.

Comments (1)


Help to Buy picking up steam

2 September 2014 12:21 pm | By Devraj Ray

Schemes responsible for 6.6 per cent of house purchases since April 2013 - up from 4 per cent in May.


Virgin Money edges closer to IPO

1 September 2014 3:24 pm | By Devraj Ray

Sky News reports that Virgin Money could launch its shares on the stock exchange as early as October.


BoE: Purchase approvals up 8% but remortgage lending down again

1 September 2014 12:26 pm | By Devraj Ray

Economists say purchase figures are proof lending is starting to recover following the Mortgage Market Review.


Accord Mortgages introduces LTI cap on loans over £500k

1 September 2014 10:15 am | By Devraj Ray

Lender limits loans over £500,000 to four times income. 


House prices rises hit 11%

29 August 2014 8:54 am | By Devraj Ray

Average UK property increased in valued by 11 per cent year-on-year in August.


NatWest repeals mortgage ban against Financial Ltd advisers

28 August 2014 1:05 pm | By Michael Glenister

Lender suspended new mortgage applications earlier this month.

Comments (2)


Foxtons shares tumble after warning of market slowdown

28 August 2014 8:50 am | By Devraj Ray

Group chief executive says regulatory changes have had a “cooling” effect on the housing market.


BSA: Permanent LTI cap would be 'backward step'

27 August 2014 3:29 pm | By Devraj Ray

Trade body says cap should be reviewed, with a view to being removed, after 18 months.

Comments (1)


Lenders likely to keep a lid on rates in post-MMR target chase

27 August 2014 10:50 am | By Devraj Ray

Weak lending volumes, as a result of the MMR, will foster competition.


OneSavingsBank profits jump to £30m

27 August 2014 8:58 am | By Devraj Ray

Pre-tax profits rise four-fold in the first half of the year.


FCA fines RBS £14.5m over poor mortgage advice

27 August 2014 8:29 am | By Natalie Holt

Only two of the 164 sales reviewed met the required standards.

Comments (9)


BBA: Post-MMR market 'settles' as approvals rise

26 August 2014 5:00 pm | By Paul Thomas

House purchase approvals grew 12 per cent year-on-year in July, as MMR troubles ease.


Savills: UK house prices to rise 25.7% over the next 5 years

26 August 2014 12:45 pm | By Devraj Ray

Savills raises 2014 UK forecast to 9.5 per cent.

Comments (2)

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