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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.

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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.

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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.

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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.

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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.

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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.

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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

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.

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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.

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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.

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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.

Comments (3)

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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.

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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.

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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.

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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.

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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

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. 

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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.

Comments (7)

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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.

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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.

Comments (3)

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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)

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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.

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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.

Comments (7)

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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. 

Comments (4)

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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.

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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.

Comments (7)

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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)

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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.

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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.

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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.

Comments (2)

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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.

Comments (3)

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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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