Rebekah Commane

Rebekah Commane is a mortgage reporter for Money Marketing and editor of Money Marketing’s sister title, Mortgage Strategy. She can be reached on rebekah.commane@centaurmedia.com or 020 7970 8051.

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Brokers defend higher income multiples for mortgage borrowing

Brokers have spoken out in defence of mortgage products based on higher than average income multiples following criticism for the deals in the national press. This week, Darlington Building Society launched a six-times salary mortgage for professionals in certain professions, including accounting, law and medicine. This is the largest loan-to-income ratio mortgage product currently on […]

FCA proposes price cap on rent-to-own firms

A price cap on firms in the rent-to-own sector will be introduced from April next year, the FCA has proposed. The regulator says the cap, which is subject to consultation, will provide protection for some of the most financially vulnerable people in the UK. Planned to come into force as of 1 April 2019, the […]

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Virgin Money completes sale to CYBG

CYBG has completed its takeover of Virgin Money bank in a deal worth £1.7bn today. The parent company of Yorkshire Bank and Clydesdale Bank says the deal will lead to the UK’s “first true national banking competitor to the status quo.” The combined company has over six million customers with around £70bn of customer loans, […]

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Sesame revamps board as network director exits

Sesame Bankhall Group has revealed several changes to its senior management, including the departure of Sesame Network and PMS Mortgage Club managing director Mark Graves.  The group has now created two new roles – director, Sesame and director, PMS – with an announcement on who will fill the roles pending. Sesame has also moved Jane […]

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Sesame partners with M&S Bank for mortgage advice

Sesame has become the latest mortgage adviser network to partner with Marks & Spencer Bank. The partnership with Sesame takes the supermarket bank’s intermediary partnerships to four, having already signed up with Openwork last month, Mortgage Advice Bureau, and London and Country at launch. The bank launched its first mortgage range earlier this year offering deals […]

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Mortgage approvals on the rise as low savers seek opportunities

There were 66,614 mortgages approved in the UK in March 2018, according to the latest e.surv Mortgage Monitor. The seasonally adjusted figure is up 4.2 per cent compared to February but is down 1.3 per cent on March last year. Those with smaller deposits accounted for 19.6 per cent of mortgage approvals in the period, […]

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Autumn Budget: Stamp duty scrapped for first-time buyers

Chancellor Philip Hammond has scrapped stamp duty for first-time buyers on properties worth up to £300,000. Speculation was rife in the media in the run up to the announcement that the tax would be scrapped altogether for FTBs to make home ownership more affordable for young people in the UK. The Chancellor has said that […]

House prices up 5.4% in September

UK house prices increased by 5.4 per cent in the year to September, the latest statistics from the government’s Office for National Statistics show. The figure is an increase from the 4.8 per cent rise in the year to August 2017. Month-on-month, house prices increased 0.4 per cent between August and September this year. The […]

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New home building at highest level for 9 years

The number of new homes in the process of being built is at the highest level for nine years, figures from the Department for Communities and Local Government have shown. The latest housebuilding data shows that 164,960 new homes were started in the year to June 2017, up 13 per cent on the previous year. […]

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L&G partners with lender for insurance engine launch

Legal and General has partnered with specialist buy-to-let lender Landbay to launch a ‘quoting engine’ insurance service for landlords. The new solution will be a ‘point-of-demand’ service delivered via insurance technology firm Kasko and will enable real-time quoting and underwriting of building, contents, tenant and rent guarantee insurance. The engine will be integrated with Landbay’s […]