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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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Mortgage boss fined £70k eyes stock market listing

26 August 2014 9:49 am | By Devraj Ray

Henry Moser was fined and censured by the FSA in 2012 for treating customers unfairly.

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Rising house prices trigger boom in 30-year mortgages

26 August 2014 8:53 am | By Devraj Ray

Stricter affordability checks, rising house prices and the prospect of an interest rate rise are leading borrowers to take out longer loans.

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Lloyds rejects broker panel removal appeal

22 August 2014 3:30 pm | By Devraj Ray

Brokerage says it has checked every case submitted and wants to work with the bank to find out what has gone wrong.

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Bank of America fined record $16.65bn for GFC mortgage fraud

21 August 2014 3:35 pm | By Michael Berry

US authorities hit Bank of America with an almost $17bn raft of fines for selling junk mortgage-backed securities, collateralised debt obligations and fraud in its mortgage activities leading up to the global financial crisis.

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Barclays to launch two-year fix at 1.95%

20 August 2014 3:13 pm | By Devraj Ray

Lender also to cut select buy-to-let rates by up to 0.4 per cent. 

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CML: Lending at 6-year high in July

20 August 2014 10:49 am | By Devraj Ray

Lending up 15 per cent year-on-year in July.

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High Court rules Bank of Scotland unfairly charged mortgage borrowers

20 August 2014 8:47 am | By Tessa Norman

Bank threatened borrowers with repossession based on ‘erroneous’ arrears balances. 

BoE

Interest rate rise ruled out for 2014

20 August 2014 8:43 am | By Natalie Holt

“Only fly in the ointment” which could prompt a rate increase is house prices.

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ONS: House price inflation slows slightly

19 August 2014 1:47 pm | By Devraj Ray

But prices were still up 10.2 per cent on an annual basis in June. 

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Is London's housing market running out of steam?

18 August 2014 4:37 pm | By Devraj Ray

Research from Rightmove shows asking prices were down 5.9 per cent in August - the third consecutive monthly fall.

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CII launches level 4 advanced mortgage certificate

18 August 2014 2:22 pm | By Devraj Ray

Chartered Insurance Institute level 4 qualification in advanced mortgage advice will be open from September.

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Nationwide sees market share dip after fall in gross lending

18 August 2014 10:16 am | By Paul Thomas

Gross lending down 9.3 per cent.

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US private equity firms close in on Kensington deal

18 August 2014 9:55 am | By Devraj Ray

Sky News reports US private equity groups Blackstone and TPG are close to acquiring the specialist lender from Investec.

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Half of would-be homeowners are unaware of MMR

16 August 2014 8:00 am | By Devraj Ray

49 per cent of would-be homeowners unaware of Mortgage Market Review.

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1.6 million households spend over 50% of income on housing costs

15 August 2014 8:43 am | By Paul Thomas

6 per cent of households with a mortgage spend more than half their income on housing costs each month.

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Economic recovery boosts homeowners as arrears continue to fall

14 August 2014 4:34 pm | By Devraj Ray

Number of people in serious arrears falls by nearly 25,000 in a year.

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High Court disqualifies ex-SJP adviser for 13 years

14 August 2014 12:21 pm | By Devraj Ray

Former SJP partner Peter Thomas Carron submitted false accounts for two companies to the FCA and allowed a third to trade “to the detriment of HMRC”.

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RICS: Housing market shows signs of cooling in July

14 August 2014 10:53 am | By Devraj Ray

House price growth and buyer demand slows.

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Govt can sue French bank over Northern Rock 'misselling'

14 August 2014 8:26 am | By Tom Selby

The New York Supreme Court has ruled that Northern Rock Asset Management should be allowed to take legal action against Societe Generale.

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BoE: MMR has hit approvals and could have 'persistent' effects

13 August 2014 12:35 pm | By Devraj Ray

Bank’s inflation report shows weaker than expected volume of approvals in Q2.

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BoE

BoE increases UK growth forecast as unemployment falls

13 August 2014 12:19 pm | By Devraj Ray

Bank of England’s inflation report shows unemployment fell to 6.5 per cent in Q2.

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Brokers: MMR teething problems are finally easing off

12 August 2014 9:24 am | By Devraj Ray

CML data shows approvals up 2.8 per cent year-on-year, despite tougher rules post-MMR.

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CML: Remortgage slump continues in June

11 August 2014 11:31 am | By Paul Thomas

Total gross lending up 20 per cent, which was driven by house purchase activity.

BoE

Bank of England warned over inflation risk

11 August 2014 11:08 am | By Steve Tolley

Former MPC member Andrew Sentance warns Bank not to be lulled into a false sense of security over inflation risk.

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Labour: Mortgage repayments will rocket under independent Scotland

11 August 2014 8:46 am | By Paul Thomas

Scottish Labour leader says repayments will rocket by £1,600 for average family under Alex Salmond’s plans for independence.

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NatWest refuses mortgage applications from Financial Ltd advisers

8 August 2014 3:00 pm | By Tessa Norman

Action follows FCA recruitment ban on network for systems and controls failings. 

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BoE votes to keep base rate at 0.5%

7 August 2014 12:00 pm | By Devraj Ray

MPC minutes from July revealed some members were close to voting for an increase in the benchmark rate.

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Brokers hit out at Lloyds’ cap on Help to Buy 1 equity loan scheme

7 August 2014 | By Devraj Ray

None of the UK’s major lenders currently have plans to follow Lloyds’ move to cap Help to Buy 1 to £150,000.

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Govt launches 'free advice' service for Right to Buy

5 August 2014 12:23 pm | By Steve Tolley

Service will help those buying their council home avoid “hidden fees” charged by some IFAs.

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FCA publishes LTI cap guidance for lenders

5 August 2014 12:17 pm | By Devraj Ray

Guidance issued to assist banks and building societies in meeting the FPC’s loan-to-income lending regulations.

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Ex-RBS chief: Fears over independent Scotland's banks are ‘nonsense’

4 August 2014 2:38 pm | By Pamela Morris in Edinburgh

George Mathewson also agrees that the UK government’s refusal to share the pound with an independent Scotland is “bluff and bluster.”

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