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Tesco Bank eyes entry into the broker market

21 October 2014 3:02 pm | By Paul Thomas

Mortgage Strategy understands lender could launch broker proposition by Q2 2015.

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BoE launches review into payments system failure

21 October 2014 10:32 am | By Devraj Ray

A technical error yesterday left UK borrowers unable to access a mortgage for a large part of the day.


All mortgage transactions on hold as BoE hit by technical problems

20 October 2014 2:22 pm | By Samuel Dale

Technical problems have seen the Bank shut down a key system affecting mortgage transactions.


West Brom borrowers set for court in fight over buy-to-let rate hike

20 October 2014 1:35 pm | By Samuel Dale

Landlords suing the West Brom Building Society over a tracker rate hike have been given the go-ahead to take the case to trial.


Ben Thompson to leave Legal & General

20 October 2014 11:59 am | By Devraj Ray

Thompson to join ULS Technology, the parent company of eConveyancer, as its new managing director.


CML: Mortgage lending has hit a 'plateau'

20 October 2014 9:56 am | By Paul Thomas

Figures show lending is up 10 per cent year-on-year in September but trade body says growth may have stalled.

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Virgin delays IPO following equities dive

17 October 2014 12:04 pm | By Devraj Ray

Lender says it will continue with plans for an IPO.


Experts blast 'nightmare' Labour plan to block buy-to-let homes

17 October 2014 8:16 am | By Samuel Dale

National Landlords Association says the move to stop landlords could scare away investors.

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Labour would allow councils to ban buy-to-let on new homes

16 October 2014 8:14 am | By Samuel Dale

Sir Michael Lyons’ report into housing for the party is targeting 200,000 new homes a year by 2020.

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Aldermore scraps IPO plans following equities slump

15 October 2014 10:44 am | By Devraj Ray

Challenger bank had been due to launch its shares on the London Stock Exchange this month.

Handcuffs Justice Guilty 480

Fake property developer jailed for £30m mortgage fraud

15 October 2014 8:45 am | By Samuel Dale

Mark Entwistle conned banks out of millions while living a lavish lifestyle.

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Scotland slashes price ceiling for Help to Buy scheme

14 October 2014 4:23 pm | By Paul Thomas

From 22 October, the maximum price on eligible new-builds will be £250,000, as opposed to £400,000 at present.


London house prices up 20% year-on-year

14 October 2014 11:58 am | By Devraj Ray

Average UK price grew 11.7 per cent year-on-year in August.


Mortgage applications top fraud list in August

14 October 2014 10:21 am | By Devraj Ray

79 in every 10,000 mortgage applications were found to be fraudulent in August.

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Tesco launches into 90% LTV mortgages

13 October 2014 11:51 am | By Devraj Ray

Range begins at 3.49 per cent.

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Scotland abolishes 'slab' structure of stamp duty

10 October 2014 10:07 am | By Paul Thomas

Scottish government replaces it with a more marginal tax akin to income tax.

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BoE votes to keep base at 0.5% for 67th consecutive month

9 October 2014 12:02 pm | By Paul Thomas

Quantitative easing kept at £375bn.


HSBC warned of challenges following shock broker lending announcement

8 October 2014 12:00 pm | By Devraj Ray

Mortgage brokers say HSBC may need to loosen its lending criteria after announcing shock plans to lend through brokers for the first time.

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Nationwide cuts its early repayment charges

7 October 2014 3:06 pm | By Paul Thomas

Lender to introduce a reducing scale for ERCs.

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Lenders: Rate war set to continue during fourth quarter

7 October 2014 10:42 am | By Paul Thomas

Lenders expect credit availability to increase in Q4, after falling in Q3.


Ryan Direct Group set to buy Assurant Intermediary

6 October 2014 9:47 am | By Devraj Ray

Deal expected to complete later this year.


Labour peer Lord McFall joins board of digital bank Atom

6 October 2014 8:54 am | By Natalie Holt

Lord McFall is joining as senior non-executive director as the bank seeks regulatory approval.

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Aldermore eyes £800m stockmarket debut

3 October 2014 8:50 am | By Devraj Ray

Challenger bank hopes to raise £75m in capital through stockmarket listing on 17 October.


BoE seeks power to cap LTVs

2 October 2014 2:18 pm | By Devraj Ray

Bank has urged Chancellor George Osborne to grant it power to place limits on loan-to-value ratios.

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HSBC set to enter the broker market for the first time

2 October 2014 12:11 pm | By Paul Thomas

HSBC will distribute through Countrywide initially.

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Virgin Money confirms £150m IPO launch

2 October 2014 10:03 am | By Devraj Ray

Lender is seeking to raise £150m through the share offering.


Barclays to slash rates by up to 0.39%

1 October 2014 2:13 pm | By Paul Thomas

Lender increases LTV on 1.94 per cent two-year fixed rate to 75 per cent.


PRA amendment to LTI rules will exclude most private banks

1 October 2014 12:47 pm | By Paul Thomas

Lenders that write fewer than 300 mortgages a year are now excluded.


NatWest Intermediary Solutions latest lender to increase proc fees

30 September 2014 2:12 pm | By Devraj Ray

Lender to increase proc fees by 3 basis points for DA firms, and 5 basis points for ARs.

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Citizens Advice: Payday lenders still 'falling short on responsible lending'

30 September 2014 12:00 pm | By Devraj Ray

Survey shows just a quarter of struggling borrowers feel their lender has treated them sympathetically.

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Nationwide reports first drop in UK house prices for 17 months

30 September 2014 8:56 am | By Devraj Ray

Average UK prices fell 0.2 per cent between August and September, according to Nationwide.


Approvals hit by continued weakness in remortgage market

29 September 2014 11:02 am | By Devraj Ray

Total number of approvals down 5.8 per cent year-on-year in August.


Tories target first-time buyers with scheme to cut house prices

29 September 2014 8:26 am | By Samuel Dale

David Cameron pledges to give a 20 per cent discount to first-time buyers if Conservatives win the general election.

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Government announces new Rent to Buy scheme

26 September 2014 11:54 am | By Devraj Ray

£400m Government initiative will offer tenants discounted rents for seven years before giving them the opportunity to purchase their new-build home.

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FCA to bring second charge market under mortgage regime

25 September 2014 1:57 pm | By Devraj Ray

FCA proposes to apply mortgage rules to second charge lending; advice to be made mandatory.

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Lynda Blackwell FCA

Lenders 'filled their boots' on non-income verified sales in run up to MMR

25 September 2014 1:32 pm | By Devraj Ray

20 per cent of all mortgage sales in Q2 2014 had no income verification.

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Aldermore plans IPO as market returns to 'normal'

25 September 2014 | By Devraj Ray

Aldermore Bank has announced plans to list its shares on the London Stock Exchange later this month.


Industry in renewed calls for higher proc fees

24 September 2014 1:14 pm | By Devraj Ray

Experts suggest lenders should recognise the work brokers do by paying more commission.

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Nationwide opens up H2B1 to home movers again

23 September 2014 2:37 pm | By Devraj Ray

Lender temporarily restricted shared equity deals to first-time buyers in June.


Capita Mortgage Services appoints Tony Ward as non-exec chairman

23 September 2014 10:10 am | By Devraj Ray

Home Funding chief executive Ward joined the firm on 11 September.

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