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Nottingham joins list of lenders to raise proc fees

19 December 2014 10:04 am | By Devraj Ray

In the new year, the mutual will pay 0.4 per cent gross on all residential and buy-to-let deals.


Accord to become latest lender to increase proc fees

18 December 2014 1:19 pm | By Devraj Ray

ARs and DAs will receive increased proc fees for residential mortgages.


Lending fails to rise year-on-year for first time in 21 months

18 December 2014 10:27 am | By Devraj Ray

CML estimates gross lending reached £16.9bn in November, the same figure achieved a year earlier.


Govt to raise £3bn through Lloyds share sale

17 December 2014 5:24 pm | By Devraj Ray

Taxpayer share expected to fall from 25 to 20 per cent, raising around £3bn.


Metro Bank widens lending area for brokers

17 December 2014 12:44 pm | By Devraj Ray

Direct customers will still be restricted to borrowing on properties with the London and South East regions.


Global uncertainty and falling oil prices push MPC to hold rates

17 December 2014 10:59 am | By Devraj Ray

MPC split remained at seven members to two against raising interest rates.


Neil Hoare leaves PTFS in sales team restructure

17 December 2014 10:46 am | By Devraj Ray

Hoare departs following merger of network’s sales and marketing teams


Wonga sets payday loans cap at maximum rate

17 December 2014 8:46 am | By Natalie Holt

Payday lender has capped costs at highest rate of interest allowed by the FCA.


CML forecasts lending to grow 16% in next 2 years

16 December 2014 3:43 pm | By Devraj Ray

Trade body says gross lending will reach £240bn in 2016.


Virgin Money closes door on BTL for FTBs

16 December 2014 1:27 pm | By Devraj Ray

Move brings Virgin’s criteria into line with most other lenders.


Rates fall to lowest level since 2007

16 December 2014 10:52 am | By Devraj Ray

Average two- and three-year fixed rates, as well as two-year trackers, have fallen to record lows in the three months to November.

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Govt outlines plans to build 100,000 new homes for first-time buyers

15 December 2014 4:24 pm | By Devraj Ray

The starter homes initiative will grant planning permission on previously unused brownfield sites to deliver FTB homes at a 20 per cent discount to market value.

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Consumer confidence in house prices drops to 18-month low

15 December 2014 3:05 pm | By Devraj Ray

Higher proportion of people believe next 12 months will be a better time to buy than sell.

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Asking prices in record monthly fall

15 December 2014 11:09 am | By Devraj Ray

Average asking prices fell £8,703 across England and Wales between November and December.


Lenders face tougher checks on capital

15 December 2014 8:39 am | By Natalie Holt

Banks will see their capital calculations checked by auditors for the first time under new proposals.


Coventry Building Society loosens affordability criteria

12 December 2014 10:47 am | By Devraj Ray

The lender has loosened its criteria by considering bonuses when calculating affordability.

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BoE announces reforms to interest rate setting policy

11 December 2014 4:43 pm | By Paul Thomas

Bank says MPC meetings could be cut back from 12 a year to eight.


CML: First-time buyer loans spike 14% in October

11 December 2014 1:03 pm | By Devraj Ray

Value of first-time buyer loans totalled £4.4bn in October, up 22 per cent from a year earlier.


Ex Origen boss Mike Kirsch to head up Saffron Building Society

11 December 2014 10:02 am | By Tessa Norman

Kirsch has been appointed interim chief executive of the mutual.

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Northern Rock borrowers win £261m High Court case

11 December 2014 8:31 am | By Tessa Norman

Together Mortgage borrowers to receive compensation for incorrectly-worded documents. 

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No more cliff edge: How stamp duty overhaul will change the market

11 December 2014 8:30 am | By Devraj Ray

The UK mortgage and housing industry has long called for stamp duty to be reformed - but now the wish has been granted, what does it actually mean?


BoE: Most borrowers could cope with rate rise

11 December 2014 | By Tessa Norman

Rate rise would not have major effect on household spending, says Bank. 


FCA urged to give immediate guidance on transitional arrangements

10 December 2014 9:58 am | By Samuel Dale

Presently, lenders will get guidance on good and bad practice in next year’s two MMR thematic reviews.

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Brokers accuse lenders of 'cashing in' on borrowers as SVRs rise

5 December 2014 10:39 am | By Devraj Ray

Average SVRs increased 0.12 per cent between January and October despite no movement in base rate.

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Base rate held at 0.5% again

4 December 2014 12:00 pm | By Devraj Ray

Interest rates have been held for the 69th consecutive month.


Labour to persist with mansion tax despite stamp duty reforms

4 December 2014 11:23 am | By Devraj Ray

New stamp duty structure will result in an extra £53,750 levy for buyers of properties valued between £2m and £3m.

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Govt sets out plans to become housebuilder

4 December 2014 9:55 am | By Devraj Ray

Chief Treasury secretary Danny Alexander says the building of new homes on state-owned land could tackle the housing shortage.

Comments (1)


TSC committee member calls for MMR impact review

4 December 2014 | By Paul Thomas

Brokers support Conservative MP Mark Garnier’s push for a Treasury review into the impact of new mortgage regulations.


AS 2014: Stamp duty reforms will fuel overheated London market

3 December 2014 3:58 pm | By Devraj Ray

Experts say today’s stamp duty overhaul will lead to further price increases and buyer competition in the capital.

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AS 2014: CML to work with Which? on mortgage fee transparency

3 December 2014 2:42 pm | By Tessa Norman

Government has asked trade body to make mortgage fees easier to compare. 

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AS 2014: Osborne in complete overhaul of stamp duty

3 December 2014 1:36 pm | By Paul Thomas

Chancellor today abolishes “slab” structure of stamp duty.

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Bank of Ireland returns to broker market after five years

3 December 2014 12:45 pm | By Devraj Ray

Lender previously distributed to brokers through former subsidiary Bristol & West until January 2009.


Osborne eyes long-awaited stamp duty overhaul

3 December 2014 8:52 am | By Devraj Ray

The Financial Times reports Chancellor Osborne is set to announce a change to the current stamp duty system.

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TSC member to push for parliamentary review of the MMR

2 December 2014 12:14 pm | By Samuel Dale

MP Mark Garnier, who says he has sympathy with lenders over transitional arrangements, to push for review of MMR.

Comments (4)


Precise launches £230m securitisation

2 December 2014 10:36 am | By Devraj Ray

Launch takes specialist lender’s total issuance to £600m since December 2013.


Bank of Ireland returns to the UK broker market after 5 years

2 December 2014 10:18 am | By Devraj Ray

Lender has begun lending through three LSL subsidiaries before extending it to wider broker market in 2015.


Property investor charged with 12 counts of forgery and fraud

1 December 2014 4:42 pm | By Devraj Ray

Phillip Martin, 41, will appear at Milton Keynes Magistrates’ Court on 12 December.

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BoE: Approvals fall for the fourth consecutive month

1 December 2014 11:47 am | By Devraj Ray

Approvals across purchase, remortgage and loans for other purposes fell for the fourth consecutive month in October.

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PTFS finance director to replace Max Wright as chief exec

28 November 2014 12:00 pm | By Paul Thomas

Wright to become non-executive chairman of the network.

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Steve Webb attacks lenders over 'unintelligent' pensions stance

28 November 2014 9:30 am | By Tessa Norman

Pensions minister will urge lenders to change controversial affordability criteria. 

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