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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.


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.


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. 


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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Max Wright PTFS

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.


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.


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.


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.


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.


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.


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.


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.


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.


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.


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.

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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.


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.


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.


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.

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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.


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.


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.


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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Tim Loughton MP

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.

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