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Treasury settles on 'accidental landlord' definition

26 January 2015 5:09 pm | By Devraj Ray

Legislation states broker firms will be responsible for regulatory compliance, not individual advisers.

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Barclays introduces blanket LTI cap

23 January 2015 10:15 am | By Devraj Ray

 The lender has applied a cap of 4.5 times income on all loans.

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Former Martin Brokers execs fined £315k and banned over Libor rigging

22 January 2015 11:05 am | By Sam Brodbeck

David Caplin and Jeremy Kraft “contributed to a culture at that permitted Libor manipulation to take place”.

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Brokers predict rate war will continue past election

21 January 2015 9:58 am | By Devraj Ray

Average five-year fixed rate has fallen 45 basis points since middle of last year.

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Nationwide to launch market's lowest-ever 10-year fix

20 January 2015 2:21 pm | By Devraj Ray

Lender set to undercut Barclays by offering market’s lowest-ever 10-year fixed rate at 2.84 per cent. 

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Lord Mandelson hits out at 'crude' mansion tax

20 January 2015 10:02 am | By Sam Brodbeck

Ex-cabinet minister slams Labour’s flagship policy.

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TSB widens distribution in second phase of broker launch

19 January 2015 9:56 am | By Devraj Ray

Lender distributing through 73 DA firms and nine major distributors.

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Barclays tightens LTI criteria

16 January 2015 2:39 pm | By Devraj Ray

Lender places 4.5 times income cap on lending over 80 per cent LTV.

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Senior police officer cleared of mortgage fraud in just 20 minutes

16 January 2015 1:16 pm | By Devraj Ray

Chief Inspector John Buttress had been accused of fraudulently obtaining a residential mortgage for a property he subsequently let out to holiday renters.

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Steve Webb demands evidence from lenders on pensions stance

16 January 2015 9:30 am | By Tessa Norman

Mortgage lenders asked for evidence on whether pension savers are a better credit risk. 

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Remortgage sector continues its slump with loans down 16%

14 January 2015 4:35 pm | By Devraj Ray

Purchase and remortgage lending down year-on-year.

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Oil slide leads to fears over rising mortgage rates

14 January 2015 11:24 am | By Devraj Ray

Experts warn that volatility from the oil market fallout could see UK mortgage rates increase.

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New specialist lender Pepper UK launches

14 January 2015 10:15 am | By Devraj Ray

Lender has rates starting at 3.6 per cent.

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House prices grow at their slowest pace since April

13 January 2015 4:20 pm | By Devraj Ray

Prices up 10 per cent year-on-year in April.

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Scotland provides boost for small house builders with new H2B scheme

13 January 2015 11:43 am | By Devraj Ray

New £30m scheme will help buyers purchase homes built by smaller developers.

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Peter Izard leaves Harrods Bank for Investec

12 January 2015 12:23 pm | By Devraj Ray

Izard joins from Harrods Bank, where he has spent the last 10 months.

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Nationwide pushes Manchester Building Society to carry out financial review

12 January 2015 8:53 am | By Tessa Norman

Lenders have hired an investment bank to carry out a review of the Manchester’s finances.

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FCA 'could probe rising proc fees'

9 January 2015 12:00 pm | By Devraj Ray

Regulator will investigate if evidence emerges suggesting rising procuration fees are leading to bad consumer outcomes.

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Clydesdale appoints Aegon chief as non-exec

9 January 2015 10:48 am | By Devraj Ray

Grace has previously served as chief executive of Barclays Insurance.

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Santander to raise £5.9bn in share sale

9 January 2015 8:48 am | By Devraj Ray

Reports suggest the bank could be eyeing a takeover of Italian bank Banco Monte dei Paschi di Siena.

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BoE votes to hold base rate at 0.5%

8 January 2015 12:01 pm | By Devraj Ray

Benchmark interest rate is held for the 70th month in a row.

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Neil Hoare joins Homeloan Partnership

8 January 2015 10:10 am | By Devraj Ray

Hoare left his role as PTFS head of lending last month after the network restructured its sales team.

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House price growth slows to 11-month low

8 January 2015 9:58 am | By Devraj Ray

Halifax predicts prices to rise by up to 5 per cent in the next year. 

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London & Country expands with new City offices

7 January 2015 12:59 pm | By Devraj Ray

Mortgage and protection broker also has offices in Bath and Newcastle.

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CEBR: London slump to drive UK house price decline in 2015

7 January 2015 10:33 am | By Devraj Ray

CEBR analysts have forecast UK house prices to fall 0.6 per cent in 2015, led by a 3.3 per cent fall in London.

Comments (4)

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Mortgage review: After regulatory upheaval, will 2015 bring calmer seas?

7 January 2015 10:25 am | By Devraj Ray

A look back on the year that was and what the mortgage market can expect for 2015.

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Precise team to launch new savings bank

7 January 2015 9:57 am | By Devraj Ray

New bank will launch in the first half of 2015.

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Senior police officer in court over mortgage 'gaming' charges

6 January 2015 2:13 pm | By Devraj Ray

Chief Inspector John Buttress is on trial at Liverpool Crown Court facing charges of mortgage fraud.

Comments (13)

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First-time buyer purchases at 7-year high

6 January 2015 12:30 pm | By Devraj Ray

Number of first-time buyers purchasing a home up 22 per cent year-on-year in 2014.

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Leeds becomes the latest lender to increase proc fees

6 January 2015 10:49 am | By Devraj Ray

Brokers to receive an extra 3 basis points.

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Clydesdale and Yorkshire CEO David Thorburn exits

6 January 2015 10:15 am | By Devraj Ray

Parent company National Australia Bank is still eyeing a £2bn flotation of Clydesdale and Yorkshire Banks.

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SimplyBiz acquires surveying firm Home Information Group

5 January 2015 1:28 pm | By Devraj Ray

SimplyBiz Mortgages chief executive Martin Reynolds and joint-managing director Matt Timmins join HIG board.

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Virgin and Skipton increase proc fees

5 January 2015 10:55 am | By Devraj Ray

Virgin and Skipton increase proc fees by 10 and 6 basis points respectively.

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House prices rise at slowest for a year

30 December 2014 10:52 am | By Devraj Ray

Nationwide says house prices have moderated with a more acute fall in the number of mortgage approvals.

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Lord King warns on UK banking system

30 December 2014 10:41 am | By Devraj Ray

Former BoE governor does not believe the current banking system could withstand another downturn.

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US private equity firm circles Towergate

29 December 2014 10:44 am | By Devraj Ray

Towergate founder and deputy chairman Peter Cullum is understood to be putting together a rival management buyout deal.

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Think-tank calls for tougher tax powers on empty homes

29 December 2014 10:24 am | By Devraj Ray

IPPR wants to see greater tax powers for local authorities to reduce the number of unoccupied properties.

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UK home sales fall below 100,000

24 December 2014 10:23 am | By Devraj Ray

November was the first time property sales fell below the 100,000 threshold this year.

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Banks' mortgage approvals plunge 22% in November

23 December 2014 2:55 pm | By Devraj Ray

Purchase and remortgage approvals both down year-on-year in November.

Comments (3)

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Mansion tax would start on 'day one' under Labour

23 December 2014 10:48 am | By Devraj Ray

The shadow chancellor says he would apply the levy for the 2015/16 financial year, which begins a month before the election.

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