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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

Shock as major mortgage lenders increase rates

Five major lenders - NatWest, Barclays, Accord, Leeds Building Society and HSBC - have all announced rate increases so far this week, as concern grows that...

Expanded range from Chorley and new rates from the Dudley

Chorley Building Society has extensive enhanced its mortgage range with new products for limited company buy to let investors, holiday lets, second home buyers and those...

Just Mortgages launches its latest Broker Academy

Just Mortgages, one of the UK’s largest mortgage brokerages, is hosting its second broker academy of the year. The programme caters to applicants who have some knowledge...

Mortgage lending plummets ahead of expected summer surge

Mortgage lending has fallen by -28.6% in the past year, according to a new analysis. Octane Capital analysed gross mortgage lending data* from the past two years...

Broker industry revenue set to pass £2.5 billion by 2030

Jonathan Samuels, chief executive of Octane Capital, believes that with the property market now showing early signs of a return to health, 2024 will bring yet...

Sales Up, Listings Up, Prices Up - great start to 2024 housing market

The number of new sellers coming to the market is up by 12% compared to this time a year ago, and the number of sales being...

Big Gaps between Mortgage Approval Prices and Asking Prices

Large gaps remain between Mortgage Approval Prices and Asking Prices - even though there is some evidence of vendors and agents adopting a more realistic tone...

Buy to let mortgage changes across wide range of products

There’s been a bevvy of buy to let mortgage deal changes this week. Shawbrook has made a series of reductions across its complex and limited edition BTL...

Credit Set to be More Selective as lenders’ worries rise - new stats

New Financial Conduct Authority statistics display housing market turbulence over the past two years, raising concerns about buyers and lenders in 2024. Conveyancing solicitors Bird & Co...

Lender drives energy efficiency with new tech partnership

Specialist lender Hodge has joined forces with Propflo, a PropTech startup, to help customers make their properties more energy-efficient and environmentally friendly. Propflo’s data-backed property platform ‘GreenVal’...

Record long mortgage terms for first time buyers

An analysis of government house price data by business consultancy Hargreaves Lansdown suggests the typical mortgage term for a first time buyer has now stretched to...

Revealed - the latest trends in UK lending and borrowing

A new report reveals the latest trends  in UK lending and borrowing, compiled by lending software company Lenvi. The most notable trends include the growing importance of brand...

Brokers and Conveyancers join Phil Spencer for unique awards event

The ESTAS awards event in October has a new principal partner. It’s Landmark Information Group, which includes Landmark Estate Agency Services, Searchflow, Ochresoft and Optimus. The ESTAS uniquely...

MPs To Probe Home Buyer Information - is it good enough?

MPs on the all-party Levelling Up, Housing and Communities Select Committee want to quiz representatives from across the house selling community about the property transaction process about...

Wealthier Home Movers Undeterred by General Election

The majority of buyers and sellers in the prime housing market will not be deterred by the upcoming General Election, claims agency Savills. Its survey of 1,200...

John Charcol set for more advisers and product diversity

John Charcol’s` new owners say they will grow the adviser base and diversify and develop the product offering of the high-profile mortgage broker. The pledge comes from...

Top Three Lenders invest in improved house buying process

Lloyds Banking Group, Nationwide, NatWest - along with Rightmove - have announced a strategic investment in Coadjute, a prominent PropTech business. This is the first time that...

Fall-throughs costing sellers £909m even before peak period

Fall throughs are costing sellers some £909m a year - and that’s even on recent muted sales figures. Home Sale Pack has analysed residential fall-through data from...

Over 120,000 borrowers slash payments via Mortgage Charter

Monthly payments on some 123,000 home loan accounts were cut in the first eight months of the government’s Mortgage Charter.   The Financial Conduct Authority’s newly-published data...

First Monthly House Price Fall for Six Months

UK house prices grew in March on a quarterly basis, by 2.0%, with annual growth slowing to 0.3%, from 1.6% in February. Compared to a month ago,...

Half of buyers would use ethical finance provider - new research

Almost half (45%) of UK homebuyers would consider using an ethical finance provider that follows Islamic principles, finds Gatehouse Bank. Gatehouse Bank, a Shariah-compliant UK challenger bank,...

Shared Ownership has failed to deliver - MPs slam process and costs

Shared ownership has failed to deliver an affordable route to home ownership for too many and for too long, says a new report. The all-party House of...

Housing Market shows sign of improvement despite high rates

UK house prices fell by 0.2% in March. Nevertheless, the annual rate of house price growth edged higher to 1.6% in March, from 1.2% in February. The...

Going Down - Mortgage advisers sentenced over £3m fraud

Mortgage advisers Larry Barreto and Tassib Hussain have been sentenced for fraud offences following a prosecution brought by the Financial Conduct Authority, which saw the pair...

Housing Market Revival down to high premiums on new builds - claim

A property software business says its research shows that the housing market revival is driven by the premiums levied on new builds. APRAO analysed government data for...

Buy To Let Crisis - lending plummets and arrears soar

There’s been a huge rise in the number of buy to let property repossessions in the first quarter of 2024 compared to the same period 2023. A...

Building Society’s tiered approach to Interest Cover Ratio

Suffolk Building Society has introduced a tiered approach to its Interest Cover Ratio assessment for buy to let and holiday let mortgages. A new 125% ICR on...

Good News of Approvals from the Bank of England

Mortgage approvals jumped 7.7% in February to 60,383, and were 40% higher than they were a year ago, new figures from the Bank of England reveal.  Mortgage...

New tool facilitates broker discussions of protection cover with clients

Mortgage Advice Bureau has developed a new tool to assess a customer’s financial resilience based on their level of protection. The financial risk assessment tool shows customers...

Selling Surge over Easter Holidays - and it’s still going on

New data from Rightmove reveals that Thursday March 28 was the biggest day for the number of new sellers coming to market so far this year.   It...

How Much Will Mortgage Rates Affect The Housing Market?

Recent economic data was reassuringly predictable. We learned that core inflation fell by fractionally more than expected while services inflation proved slightly more stubborn. Meanwhile, the main...

Down-valuations biting hard across Britain

New research shows that sellers in Wales are likely to be hit hardest by a down valuation, with the average home down valued to the tune...

April Mortgage’s long-term deals win additional exposure

Legal & General Mortgage Club has added April Mortgages to its lender panel, giving additional exposure to April’s long-term fixed-rate remortgage products. April Mortgages’ products are a...

How Do First Time Buyers afford to get on the property ladder?

A 2,000-person survey has revealed the diverse financial routes that first time buyers take to get on the property ladder. The survey - by Uswitch - revealed...

Lender shows its active support for Armed Service Personnel

Aldermore has signed the Armed Forces Covenant in the presence of two-star Air Vice-Marshal Ranald Munro and several colleagues who have served in the Armed Forces. The...

Jury’s Out - Is the YBS 99% mortgage a good idea?

Yorkshire Building Society new fee-free offer will enable first-time buyers across England, Scotland or Wales with a £5,000 deposit to purchase a property valued at up...

Bank of England Base Rate Cut - when will it happen?

The Bank of England has signalled that more than one interest rate cut is likely this year - but the question is, when? Governor Andrew Bailey told...

Prominent whole-of-market broker signs extended FinTech deal

FinTech company Mortgage Brain has struck a strategic partnership with SPF Private Clients, a whole-of-market mortgage broker. The deal caters for a wide range of borrowers from...

HSBC launches Energy Efficient Homes mortgage range

HSBC used the Easter period to launch its Energy Efficient Homes range, tailored for UK residential first time buyers, home movers and remortgage customers. The bank says...

Mortgage broker becomes online celebrity through YouTube views

High profile mortgage broker Paul Welch, founder of the MillionPlus Club, has signed to talent agency, Talent & Brands.  Welch has established himself as a voice in...

Lender hires TV property guru to highlight empty homes scandal

Homes Under The Hammer property expert Lucy Alexander is fronting a new campaign to identify empty homes and bring them back into use. She is the lead...

Analysis shows long term rebalancing housing market

The average volume of UK properties listed for sale month-on-month rose by 58% in 2023 compared to a year previously, underscoring the rebalancing of supply and...

Massive importance of Private Rental Sector revealed in new report

Some of the biggest names in the trade, lending and advisory sectors have produced a report outlining the vast significance that private renting has for the...

Construction: hope for long-term improvement as approvals rise

The beleaguered construction sector - a good early indicator of later sales activity - has seen a welcome boost in some new figures released, relating to...

Mortgage Reforms urged to boost Home Ownership

A think tank is urging the UK government to initiate mortgage market reforms to promote higher home ownership. The Social Market Foundation - founded by a Conservative...

Backing for Santander acceptance of Universal Credit as secondary income

There’s been broad support for Santander’s decision that Universal Credit will be considered an acceptable form of secondary income for mortgage applicants. For a client’s UC income...

Building Society defends using humans, not algorithms, to decide mortgages

Leek Building Society has used its annual report and publication of accounts to mount a stout defence of its methodology regarding mortgage applications. The report says: “A...

Rates Continue to Fluctuate Across Mortgage Sectors

Since the start of September 2023, the average two-year fixed rate has fallen from 6.70% to 5.76% and the average five-year fixed rate has fallen from...

Kent Reliance for Intermediaries’ new resi ranges and reduced rates

Kent Reliance for Intermediaries - part of the OSB Group - has refreshed products across their residential, buy to let, and shared ownership product ranges.  Changes include...

Bank’s new intermediary website is part of product refresh

Sharia-compliant digital bank Nomo - part of Bank of London and The Middle East plc (BLME) - has linked with a digital agency to launch a...

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