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Lloyds slashes Help to Buy 1 maximum loan to £150,000

31 July 2014 2:23 pm | By Devraj Ray

Max loan size decreasing from £500,000 to just £150,000.

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House prices up 11% annually despite slowing growth in July

31 July 2014 11:48 am | By Devraj Ray

House prices rose just 0.1 per cent in June, the slowest monthly increase since November 2012.

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Record month for Help to Buy 1 completions

31 July 2014 11:46 am | By Devraj Ray

4,357 buyers purchased a home through scheme in June. 

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Lloyds profits slump after fresh PPI hit

31 July 2014 8:46 am | By Devraj Ray

Bank has allocated a further £600m in PPI redress in the first half of 2014.

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Personal Touch profits surge 21% as membership plummets

30 July 2014 4:04 pm | By Devraj Ray

Network reduced membership by 42 per cent in 2013, resulting in increased productivity per member.

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ASA bans three more payday loan adverts

30 July 2014 2:17 pm | By Devraj Ray

Four out of seven payday loan adverts reported to the ASA in March have now been banned.

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IMF: BoE will have to hike rates if LTI caps fail to stem house prices

30 July 2014 12:53 pm | By Devraj Ray

IMF report addresses lack of housing supply, which is driving up house prices.

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CML revises lending forecasts following transaction boost

29 July 2014 4:00 pm | By Devraj Ray

CML predicts lending will rise above £200bn for the first time since 2008 this year.

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BoE: Approvals grow for the first time in 5 months

29 July 2014 10:18 am | By Devraj Ray

Approvals rise 8 per cent between May and June.

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Halifax: Housing market has reached 'tipping point'

28 July 2014 9:34 am | By Devraj Ray

Buyer sentiment has fallen to its lowest level in three years, while sellers are at their most optimistic.

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Virgin Money completes payment for Northern Rock

25 July 2014 12:11 pm | By Devraj Ray

Lender announces it is creating 200 new jobs as it completes purchase of Northern Rock.

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Barclays rules out review of its LTI cap

24 July 2014 1:01 pm | By Devraj Ray

Lender has no plans to bring its LTI cap in line with its high street rivals.

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BoE: Lenders may have underestimated the effect of MMR

24 July 2014 12:02 pm | By Devraj Ray

MPC members feel lending volumes will be suppressed longer than expected.

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Trade bodies reach landmark agreement on broker panel removals

24 July 2014 9:32 am

AMI and IMLA produce joint guidance on how lenders should approach panel removals.

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Santander set to introduce LTI cap on residential loans

23 July 2014 1:18 pm

Santander is the latest lender to introduce a cap on loan-to-income ratios, following Lloyds, RBS and Nationwide.

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MPC edges closer to base rate rise

23 July 2014 10:28 am | By Paul Thomas

Minutes show some members are edging closer to voting for a rate rise.

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Skipton sells HML for £47m

23 July 2014 8:58 am | By Natalie Holt

Australian listed firm Computershare is buying Skipton’s mortgage servicing arm, generating a £26m profit for Skipton.

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Nationwide slaps LTI cap on residential lending and tightens stress tests

22 July 2014 1:54 pm | By Devraj Ray

The lender has placed an income multiple cap of 4.75 times income on all residential applications.

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TSB considers purchase of £1.5bn UKAR loan book

21 July 2014 12:46 pm | By Devraj Ray

Newly-listed lender is looking to purchase a portfolio of £1.5bn in residential loans from the Government-owned entity.

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Santander tightens interest-only criteria

21 July 2014 11:31 am | By Devraj Ray

But lender increases maximum terms for Help to Buy equity loan mortgages from 25 to 35 years.

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FCA: Lenders’ MMR questions are just 'teething problems'

18 July 2014 9:29 am | By Tessa Norman

Over-zealous affordability checks are not evidence of unintended consequences, says FCA. 

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Brokers urge regulators to deal with rising mortgage terms

17 July 2014 5:04 pm | By Devraj Ray

PRA chief executive Andrew Bailey this week warned about increasing mortgage terms.

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Help to Buy Scotland runs out of funds

17 July 2014 1:40 pm | By Devraj Ray

House builders “frustrated” by the news that no new applications can be accepted until April.

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CML: Policymakers will hone in on buy-to-let next

16 July 2014 3:57 pm | By Devraj Ray

Trade body warns lenders to expect Bank of England to target buy-to-let next.

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Prime Minister upgrades housing minister role

16 July 2014 12:04 pm | By Devraj Ray

But PM falls short of making it a Cabinet position as Brandon Lewis takes hot seat; planning added to housing minister’s brief.

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Lloyds to pay full retention proc fees for all cases

16 July 2014 9:48 am

In August, Halifax and BM Solutions will pay full proc fees for retention deals regardless of LTV.

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Mark Carney defends Bank against London-centric accusation

15 July 2014 2:52 pm | By Steve Tolley

Carney tells MPs LTI move was designed to encourage mortgage lending outside the South East and cool London market.

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PRA chief issues warning over rising mortgage terms

15 July 2014 1:58 pm | By Steve Tolley

PRA chief executive Andrew Bailey warns trend could cause borrowers problems if their income falls in retirement.

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London house prices continue to surge ahead of the rest of the UK

15 July 2014 12:12 pm | By Devraj Ray

Exclusing London and South East, prices rose at 6.4% year-on-year.

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Payday lender trade body hits out at FCA's loan cap

15 July 2014 11:12 am | By Paul Thomas

Consumer Finance Association argues “many people” will be turned down for credit because of new rules.

Comments (2)

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UK inflation sees biggest rise for almost two years

15 July 2014 9:41 am | By Sam Macdonald

The consumer price index rose to 1.9 per cent in June, according to the Office for National Statistics.

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Lloyds Banking Group opens up Help to Buy MIG to new-builds

14 July 2014 11:13 am | By Paul Thomas.

Halifax and Lloyds Bank pulling out of NewBuy and Mi New Home on 4 September.

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Family BS launches and strikes Chase de Vere advice deal

14 July 2014 9:48 am | By Sam Macdonald

National Counties Building Society launches Family Building Society proposition with national adviser firm Chase de Vere providing financial planning services to its customers.

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Brokers slam Woolwich over commission payment delays

11 July 2014 5:15 pm | By Devraj Ray

Some brokers say they have had to wait up to two months for lender to pay commission.

Comments (2)

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Base rate held again despite Bank's hints that an increase is coming

10 July 2014 12:24 pm | By Devraj Ray

BoE interest rate held at record-low for 64th consecutive month, while QE remains at £375bn.

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House prices up 8.8% despite falling buyer enquiries

9 July 2014 2:32 pm | By Devraj Ray

Halifax reports 8.8 per cent increase in house prices, despite sixth consecutive monthly fall in new buyer enquiries.

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PwC: House prices could jump 27% in 6 years

9 July 2014 1:10 pm | By Devraj Ray

New analysis predicts London average could top £545,000 by 2020.

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MPs plan Downing Street talks over Help to Buy 2 private sector transfer

9 July 2014 12:20 pm | By Devraj Ray

MPs Mary Macleod and Margot James to raise issue with No 10 in coming months.

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Equity release market grows 26% year-on-year

9 July 2014 8:00 am | By Devraj Ray

Equity release plan sales increased 5 per cent year-on-year in the first half of 2014.

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Former Conservative minister calls for regional stamp duty

8 July 2014 4:59 pm | By Steve Tolley

Former Tory minister wants manifesto pledge to tackle “disproportionate” cost of tax in London and South East.

Comments (8)

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