x
By using this website, you agree to our use of cookies to enhance your experience.

Here is today's latest news from the world of mortgages and introducers. Join the debate by leaving a comment below a story. Remember, you will need to be logged-in to do this.

Breaking News

Falling mortgage costs could trigger 2024 housing bounce - claim

Knight Frank says a reduction in mortgage costs as early as February - or perhaps more likely in Q2 next year - could trigger a housing...

OBR warns house prices to fall further before market recovery

The Office for Budget Responsibility - part of the Treasury but operating independently of government - is forecasting house prices to grow by 0.9 per cent...

New Build Market in 2024 - a mortgage industry perspective

A new analysis of the new build housing market for next year suggests that eventually there will be a bounce, triggered by more mortgage rate falls. The...

SPF Private Clients takes its mortgage expertise to the Far East

SPF Private Clients has opened new offices in Hong Kong and Singapore. The Singapore office is to be headed by Scott Mitchell, who has been based in...

More help for first time buyers needed now, says leading mortgage lender

The Nationwide wants greater government support for first-time buyers as rising costs delay owning a home. As one of the UK’s biggest savings and mortgage providers, and...

Nationwide’s slashed rates means price war goes on to end of year

Nationwide has reduced selected mortgage rates by up to 0.43 per cent across its New Business, Switcher, Additional Borrowing, Existing Customers Moving Home and Tracker product...

Rightmove’s Weekly Mortgage Tracker shows more falls

The average five-year fixed mortgage rate is now 5.21%, down from 5.62% a year ago The average two-year fixed mortgage rate is now 5.65%, down from 5.88%...

Opportunity for Brokers as first timers rely on family and friends

First time buyers aged 18 to 34 are primarily relying on advice from family and friends rather than a broker for support on the homebuying process, according to Coventry for Intermediaries.  The study, which was conducted in partnership...

FinTech: New Referral Portal passes 400-client threshold

Just Refer, a new referral portal for national brokerage Just Mortgages and financial services arm Just Wealth, has supported brokers in referring more than 400 clients...

Developers Outline Plan To Get More Buyers for More Homes

A new 10-point plan from the Home Builders Federation shows how policymakers could act fast to boost the supply of new, energy efficient and high-quality homes. The...

Landlords ‘Hit Harder Than Others’ by interest rate hikes - claim

The research chief at lettings agency Hamptons says it’s likely that landlords have been hit harder by high interest rates than anyone else.   Aneisha Beveridge says that...

Thriving Choice of Small-Deposit Mortgage Options - Moneyfacts

Moneyfacts is reporting that there’s what it calls a “thriving choice” of mortgage options.  Its latest UK Mortgage Trends Treasury Report shows the number of deals at 95 per...

Cost of living crisis triggers wildly diverse Mortgage product demand

New data from Legal & General - based on searches to its Ignite platform - suggests a diverse mortgage market during the current cost of living...

Why do so few people seek professional financial advice?

A new study shows a remarkably low number of people seeking professional financial advice. The report is called State of Flux and comes from Canada Life and...

Landlord Sell Off Goes On - but it’s slowing

The share of homes sold by a landlord in Great Britain fell from 15.7 per cent in 2022 to 14.0 per cent so far this year.   The...

It’s War - Lenders compete on price as sub-4% rates look likely

Many of the country’s major lenders - and quite a few smaller ones, too - have slashed mortgage rates in response to dramatically improved inflation data. At...

Pressure on Hunt to deliver mortgage help for landlords this week

Following analysis of its 2023 buy to let mortgage market data, Twenty7tec has reported a significant fall in searches for buy to let mortgages.  Will Jeremy Hunt...

FinTech triggers dramatic reduction in mortgage processing time by bank

Shawbrook Bank has seen a dramatic reduction in the time to process buy to let mortgage offers since rewriting legacy software through a Pegasystems platform. The bank...

Lender warns rates must drop further and faster to boost housing market

The Mortgage Lander is warning that mortgages rates will need to come down more, and faster, to really kick-start the housing market again. Steve Griffiths, chief commercial...

Mortgage Interest Tax Relief must be reinstated - agency boss speaks out

The chief executive of Winkworth estate agency chain says this week’s Autumn Statement must see the reinstatement of Mortgage Interest Tax Relief for investors. Dominic Agace says...

Buy-to-let landlords reduce borrowing amidst rising rates

The nation’s landlords are responding to higher levels of mortgage interest rates by cutting their borrowing. The research comes from specialist property lending firm Octane Capital. which...

Are lawyers holding up housing transactions?

Some 45 per cent of homebuyers cited in a survey say slow property lawyer response time is a key pain point in the house buying process. The...

Mortgage insurance initiative aimed at professional landlords at risk

A new personal guarantee insurance protection service has been launched for professional landlords - triggered by a surge  in incorporation. Purbeck Personal Guarantee Insurance claims that as many...

A third of Britons waiting for inheritance before buying property

A new study by a price comparison platform suggests that many younger Britons are waiting to inherit before buying a home. In a survey conducted by Forbes...

Warning: Mortgage growth to hit 10-year low amid economic headwinds

The EY Item Club is warning that the UK is set to experience the slowest two-year mortgage growth in a decade. EY says high interest rates along...

Enhanced mortgage service platform beefs up Consumer Duty compliance

End-to-end mortgage service Smartr365 has beefed up its platform to improve the experience of brokers sourcing protection packages for clients. These developments to support the broader, sharpened...

Bridging Lending Bounces Back in Q3 2023

Contributors to a quarterly specialist finance publication have reported a 15.3 per cent increase in bridging loan transactions, totalling £191m, during the third quarter of 2023.  And...

Amazing interest-free mortgage help scheme introduced by government

Homeowners in Wales who are struggling with their mortgages could get loans that are interest-free for the first five years under a new £40m scheme. The loans,...

Buy To Let mortgage arrears start to rise

Lenders’ trade body UK Finance says there were 11,540 buy to let mortgages in arrears of 2.5 per cent or more of the outstanding balance in the...

Unique mortgage affordability tool launched by digital broker

A digital mortgage broker has launched an online tool aggregating data from over 50 Buy to Let lenders to calculate what it calls “a landlord’s true...

Brokers’ advice crucial for first time buyers says new report

The first time buyer economy, comprised of lending and spending, will reach £74.1 billion by 2025, according to research by Coventry for Intermediaries and the Centre...

Dire borrowing and credit data from Bank of England

There’s been an alarming set of figures in the Bank of England’s latest Money and Credit report, which relates to September. Net borrowing of mortgage debt by...

Equity Release begins long haul back to normal market conditions

The equity release market has seen growth for the first time in 12 months with quarterly increases in both new customers and total lending. Total lending hit...

Single First-Time Buyers cannot afford 75% of homes using Mortgage Guarantee Scheme

Rightmove claims that single first-time buyers on an average salary and with a 5.0 per cent deposit could not afford three-quarters of properties for sale in...

Mortgage arrears soar in UK according to global credit service

Global credit intelligence provider Pepper Advantage, which has a 100,000+ UK residential mortgage portfolio, says arrears in this country have seen a 23.3 per cent annual...

King’s Speech This Week - leasehold reform backed by mortgage bosses

Tomorrow’s King’s Speech, setting out the legislative agenda for the coming year, looks certain to include leasehold reform - and the mortgage industry appears to be...

Base Rate on Hold - what it means for mortgages

The Bank of England has held base rate at 5.25 per cent, with most analysts saying this is likely to be the peak. Inflation is expected to...

Lender gives dire warning about UK house price future

The UK's largest mortgage lender expects house prices to fall this year and next before rising in 2025. Lloyds Banking Group - which owns the Halifax -...

Brokers ‘need to offer more support to hard-pressed landlords’

Landlords need greater support from mortgage advisers in order to navigate the best course through the current economic climate. That’s according to Property Circle, the provider of...

Privately-owned Mortgage Network reveals tech upgrade

HLPartnership - which describes itself as the country’s biggest privately-owned mortgage network - has revealed upgrades to its technology platform which it believes make it the...

Property data providers to mortgage sector in M&A deal

PriceHubble, a supplier of data solutions for real estate and finance, has acquired WhenFresh, delivering data and decision engines to banks, insurers, the public sector and...

Base Rate Decision Week - will the pause turn into an interlude?

The Bank of England is expected to hold base rate at 5.25 per cent this week with many analysts expecting this to be the peak. Inflation is...

Mortgage Advisers told to hard sell EPC upgrades to landlords

Jo Breeden, managing director of Crystal Specialist Finance, writes: In his recent speech, the Prime Minister scrapped the proposed changes to EPC legislation, whereby rental properties would...

Mortgage Guarantee Extension in package of first time buyer help

A range informal media briefings on behalf of the UK government suggest that an extension of the current mortgage guarantee scheme is one of a number...

Innovative buy to let mortgage product launched by digital lender

Molo, which calls itself the UK’s first fully digital mortgage lender, has launched a Non-Resident Buy-to-Let Mortgages, unlocking investment opportunities for borrowers from around the world. Following...

Interest Only - another surge in demand online

Searches for interest-only mortgages rose a hefty 51 per cent in the past month as buyers seek to improve affordability. Research data from Legal & General Ignite...

Artificial Intelligence deployed to help brokers attract new business

A residential mortgage lender is using AI to help brokers attract more customers as well as engage existing customers. MPowered Mortgages says this will speed up and...

Record mortgage debt repayments as equity release “changes market”

UK mortgage holders are repaying record amounts of mortgage debt, according to the  Equity Release Council. But the ERC claims high levels of debt and a lack...

Mortgage Debt Prompts Think Tank To Demand Policy Overhaul

Britain’s macroeconomic policy framework needs an overhaul to tackle the risk of an unsustainable ratcheting up of debt. That’s the view of the Resolution Foundation think tank...

Halifax Heads Cluster of Lenders Scrambling for Business

A host of lenders have announced cuts to their rates in recent days, with Halifax arguably the most significant. It’s launched three-year fixed rate deals for residential...

MovePal MovePal MovePal