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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. 

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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.

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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.

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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.

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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.

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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

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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.

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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.

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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”.

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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.

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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.

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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.

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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.

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NatWest repeals mortgage ban against Financial Ltd advisers

4 September 2014 | By Michael Glenister

Lender suspended new mortgage applications earlier this month.

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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.

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Virgin Money to launch third securitisation

3 September 2014 11:14 am | By Devraj Ray

Deal expected to close in the next fortnight.

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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.

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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.

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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.

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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.

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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.

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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. 

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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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