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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...

17 April 2024

From: Breaking News

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...

17 April 2024

From: Breaking News

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,...

17 April 2024

From: Breaking News

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...

17 April 2024

From: Breaking News

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...

17 April 2024

From: Breaking News

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...

15 April 2024

From: Breaking News

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...

15 April 2024

From: Breaking News

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...

15 April 2024

From: Breaking News

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...

15 April 2024

From: Breaking News

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...

15 April 2024

From: Breaking News

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,...

10 April 2024

From: Breaking News

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...

10 April 2024

From: Breaking News

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...

10 April 2024

From: Breaking News

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...

10 April 2024

From: Breaking News

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...

10 April 2024

From: Breaking News

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...

08 April 2024

From: Breaking News

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...

08 April 2024

From: Breaking News

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...

08 April 2024

From: Breaking News

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...

08 April 2024

From: Breaking News

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...

08 April 2024

From: Breaking News

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...

04 April 2024

From: Breaking News

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...

04 April 2024

From: Breaking News

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...

04 April 2024

From: Breaking News

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...

04 April 2024

From: Breaking News

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...

04 April 2024

From: Breaking News

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...

02 April 2024

From: Breaking News

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...

02 April 2024

From: Breaking News

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...

02 April 2024

From: Breaking News

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...

02 April 2024

From: Breaking News

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...

02 April 2024

From: Breaking News

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...

27 March 2024

From: Breaking News

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...

27 March 2024

From: Breaking News

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...

27 March 2024

From: Breaking News

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...

27 March 2024

From: Breaking News

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...

27 March 2024

From: Breaking News

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...

25 March 2024

From: Breaking News

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...

25 March 2024

From: Breaking News

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...

25 March 2024

From: Breaking News

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...

25 March 2024

From: Breaking News

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...

25 March 2024

From: Breaking News

Wealth manager launches attack on Halifax’s age limit U-turn

Mortgage lender Halifax is imposing a new 70-year age limit on the terms of its home loans for some borrowers. This has...

20 March 2024

From: Breaking News

Growing Mortgage Arrears set off alarm bells for leading analyst

New Mortgage Lenders and Administrators statistics for Q4 2023 paint a very worrying picture of the mortgage market. That’s the view of...

20 March 2024

From: Breaking News

New analysis shows busiest cities for buyers in today’s housing market

Analysis from estate agency Yopa reveals that while the London market may be the worst performing in terms of house prices, it...

20 March 2024

From: Breaking News

Stamp Duty and Inheritance Tax blamed for downsizing slump

A buying agency says stamp duty is one of the biggest obstacles to a healthy housing market driven. Recoco Property Search says...

20 March 2024

From: Breaking News

Tide Is Turning: fewer people worried about mortgage repayment costs

Fewer people are concerned about paying their mortgage and fewer believe mortgage affordability is a barrier to home buying.  That’s the verdict...

20 March 2024

From: Breaking News

Outrage at “shameful” Halifax move to cut maximum age on some products

There’s been an angry reaction to news that from today - March 18 - Halifax is changing the maximum age allowed...

18 March 2024

From: Breaking News

Mortgage shelf-life plummets and lenders hike rate

The average shelf-life of a mortgage product is just 15 days, with lenders increasing fixed rates, says Moneyfacts. Average mortgage rates on...

18 March 2024

From: Breaking News

Analysts unsure whether RICS housing market optimism is justified

The latest housing market snapshot from the Royal Institution of Chartered Surveyors shows the number of buyers has risen for the...

18 March 2024

From: Breaking News

Fintech renews long term link with Legal & General Mortgage Club

Mortgage and protection CRM platform Smartr365 has renewed its longstanding partnership with Legal & General Mortgage Club. The agreement means members of...

18 March 2024

From: Breaking News

Many landlords to end fixed-rate deals soon, says lender

Some 40% of residential landlords with a mortgage - fixed, tracker or discount - are due to renew their mortgage rate...

18 March 2024

From: Breaking News

Cambridge enhances buy to let criteria with re-introduction of top slicing

The Cambridge Building Society has re-introduced top slicing on its standard Buy to Let range up to 80 per cent LTV. This...

13 March 2024

From: Breaking News

 Kensington reduces rates and fees on selected products

Kensington Mortgages has lowered rates and reduced arrangement fees across selected 90 and 95 per cent Loan To Value products. For its...

13 March 2024

From: Breaking News

New analysis shows link between rates and longer mortgage terms

The ‘average’ 25 year mortgage term is increasingly becoming a thing of the past says USwitch. A recent study of the data...

13 March 2024

From: Breaking News

Housing market buoyancy shows mortgage costs not a deterrent

New data from Zoopla suggests that the housing market is becoming buoyant despite widespread uncertainty over the exact direction of mortgage...

13 March 2024

From: Breaking News

Brokerage survey gives surprise result for first time buyers’ affordability

A new study has revealed the best and worst UK regions for first-time buyers based on house affordability and earning potential.  The...

13 March 2024

From: Breaking News

Nationwide’s bold move will make it even bigger mortgage lender

The Nationwide Building Society has agreed to buy Virgin Money in a £2.9 billion deal - a rare example of a...

11 March 2024

From: Breaking News

Tech-boost for Dutch-style mortgage provider entering the market

April Mortgages has struck a deal for new technology to help it introduce Dutch-style loans into the UK. The new mortgage type...

11 March 2024

From: Breaking News

Foundation Home Loans targets first time landlords

Foundation Home Loans has launched two HMO products for first-time landlords under its ‘Buy to Let by Foundation’ wrapper. Both are available...

11 March 2024

From: Breaking News

Dip in demand for new builds as interest rates keep buyers at bay

Homebuyer appetites for new-build properties have dipped. Demand dropped 1.1 per cent in the last quarter according to analysis by easyMoney of...

11 March 2024

From: Breaking News

IMLA accuses Hunt of “sop” in Budget that does nothing for rental sector

The Intermediary Mortgage Lenders Association has given the thumbs down to the Budget of Chancellor Jeremy Hunt. The trade body was disappointed...

11 March 2024

From: Breaking News

Budget Day - Rightmove pours cold water on 99% mortgage idea

Rightmove says the housing market needs a more innovative mortgage initiative than the 99 per cent idea floated by the government. The...

06 March 2024

From: Breaking News

Agents impatient with mortgage lenders despite better news on sales

The estate agents’ trade body has made the unexpected move of calling on banks to cut mortgage rates. Rates are typically decided...

06 March 2024

From: Breaking News

Building society bans mortgages on holiday let properties

A building society has launched a pilot project banning mortgage lending on holiday lets in two tourist areas for 12 months. Leeds...

06 March 2024

From: Breaking News

Just Mortgages reports soaring interest in emerging new build sector

Shared ownership has given the new-build division at national brokerage Just Mortgages a bumper start to 2024. New build leads and enquiries...

06 March 2024

From: Breaking News

Brokers’ amazing work honoured by bank’s CEO at awards event

The chief executive of a specialist business bank has paid tribute to the ‘amazing work’ carried out by its broker network. Gary...

06 March 2024

From: Breaking News

Experts slam lenders for ultra-short notice repricing of mortgage products

Experts have lashed out at lenders who reprice products, sometimes with just a few hours’ notice. And many suggest that lenders are...

04 March 2024

From: Breaking News

Was Halifax rate reduction just a cynical marketing ploy?

Last week Halifax - previously an outlier amongst major lenders - announced it was raising rates, following the likes of Santander,...

04 March 2024

From: Breaking News

BTL fixed rates plummet as product choice rises again

The buy to let mortgage sector has seen fixed rates fall to their lowest point since September 2022, according to analysis...

04 March 2024

From: Breaking News

Innovative new trackers aim at buy to let and development investors

Hampshire Trust Bank has launched a limited edition two year discounted Flex tracker across its buy to let and semi-commercial offerings....

04 March 2024

From: Breaking News

Hodge announces changes to 50+, Retirement and Holiday Let products

Hodge has made significant changes to its 50+, Retirement Interest Only (RIO) and Holiday Let Mortgage property criteria. The updates include the...

04 March 2024

From: Breaking News

FCA launches working group to probe interest-only mortgages

The Financial Conduct Authority is working with 12 lenders and administrators to probe the interest-only mortgage market. The number of IO and...

28 February 2024

From: Breaking News

Lender says first time buyers lean heavily on families to bag first mortgage

A survey of 2,000 adults by lender Together sheds light on parental help for first time buyers. It shows that a fifth...

28 February 2024

From: Breaking News

Downsizers can unlock housing market and upsize their retirement plans

Downsizers across England and Wales could unlock an average £305,090 by moving from a four bed to a two bed home,...

28 February 2024

From: Breaking News

Financial Crime attempts target high numbers of regulated firms

Some 42 per cent of regulated firms are reporting a rise in financial crime attempts, while more than a quarter say...

28 February 2024

From: Breaking News

Most activity down to remortgagers not buyers - analysis

Remortgagers, not buyers, are fuelling the increase in mortgage industry activity. That’s the view of Octane Capital following an analysis of Bank...

28 February 2024

From: Breaking News

Halifax throws “a massive mortgage curveball” defying rivals

Halifax moved entirely in the opposite direction to its rivals at the very end of last week, cutting rates instead of...

26 February 2024

From: Breaking News

Most Rates Up Again - optimism plummets amongst brokers and analysts

It’s been a torrid time for rates, going back up for HSBC, Santander, TSB, Virgin Money, NatWest and many other mainstream...

26 February 2024

From: Breaking News

Stamp Duty’s damage to borrowers exposed by building society

The true cost of stamp duty is two thirds greater than the tax itself because it obliges buyers to spend far...

26 February 2024

From: Breaking News

Agency recruits mortgage heavyweight to lead financial services surge

Tom Davies has started with Leaders Romans Group as the company’s first group financial services managing director. This new position coincides with...

26 February 2024

From: Breaking News

Mortgage volumes plummet for older borrowers

There were 29,060 new mortgages taken out by older borrowers over 55 in the last three months of 2023 - down...

26 February 2024

From: Breaking News

Coupling Up - why so many mortgage applicants are duos

A property agency has analysed the lending and housing markets to work out why so many mortgage applicants are couples. Benham and...

21 February 2024

From: Breaking News

Rent To Home initiative aims to woo local first time buyers

A unique system of returning rent to tenants to allow them to save for a deposit on a property has been...

21 February 2024

From: Breaking News

Surge in interest in Energy Efficient Homes - study’s claim

There’s been a surge in enthusiasm for energy efficient homes according to research from heat pump advocates OVO. It says that a...

21 February 2024

From: Breaking News

Worst Case Scenario - mortgage costs up hundreds per year

A specialist lender claims that first-time buyers could see annual mortgage costs climb by £398 per year, while landlords suffer a...

21 February 2024

From: Breaking News

Will stable inflation prompt a rate cut? Or will the Bank stick?

Diverse views have emerged from financial services figures in response to last week’s news that the headline rate of inflation remained...

21 February 2024

From: Breaking News

NatWest rates up and plenty of others to follow - warning

NatWest has made changes to its product ranges for both new business and existing customers. New borrowers can expect a rate increase...

19 February 2024

From: Breaking News

Portfolio landlords eye capital raising to fund 2024 expansion plans

Nearly four in 10 portfolio landlords, those with four or more properties, plan to increase the size of their portfolios in...

19 February 2024

From: Breaking News

Two year fixes fall by fastest rate since 2022 - Moneyfacts

Average mortgage rates on the overall two- and five-year fixed rate deals have now been falling for six consecutive months. The overall...

19 February 2024

From: Breaking News

Specialist lender Cohort Capital hits bridging milestone

After reaching the milestone of £250m in 2022, specialist lender Cohort Capital increased originations by 60 per cent in 2023 to...

19 February 2024

From: Breaking News

Higher LTVs for borrowers aged 70 and 80, says Pure Retirement

Lifetime mortgage lender Pure Retirement has continued its ongoing product development in its Heritage range. The Special 3 product will offer up...

19 February 2024

From: Breaking News

It’s Back! Confidence returns to the mortgage market says IMLA

The latest Mortgage Market Tracker report from the Intermediary Mortgage Lenders Association reveals that confidence has returned to the mortgage market,...

14 February 2024

From: Breaking News

First Time Buyers aged 50-plus “one of fastest growing sectors”

There were 12,000 first time buyers over the age of 50 in the UK in 2022, the latest figures available. This means that...

14 February 2024

From: Breaking News

Virgin Money sees long-term mortgage improvements despite recent dip

High street bank Virgin Money UK says there is light at the end of the tunnel for mortgages and the housing...

14 February 2024

From: Breaking News

UK Finance lobbies government for new Help To Buy and less Stamp Duty

Lenders’ trade body UK Finance wants the government to use next month’s Budget to announce a new Help to Buy scheme...

14 February 2024

From: Breaking News

Octane Capital issues a brutal warning on mortgage rates

By Jonathan Samuels, chief executive of specialist property lender Octane Capital, writes: The Bank of England’s decision to hold interest rates on...

14 February 2024

From: Breaking News

Revolutionary new mortgage product sees rates fall as LTV improves

There’s been widespread speculation that the UK is just weeks away from seeing the launch of a Dutch mortgage product with...

12 February 2024

From: Breaking News

TSB raises some rates, reduces others; NatWest and Halifax increase

With the quick-fire mortgage rate cuts which characterised the past month now slipping into the rear-view mirror, the latest changes from...

12 February 2024

From: Breaking News

FinTech platform slashes charges to mortgage advisers for a second time

Unbiased, a platform for connecting with prospective clients, has slashed charges it imposes on mortgage advisers for a second consecutive month. Unbiased...

12 February 2024

From: Breaking News

Worrying rise in mortgage arrears and repossessions - new data

UK Finance says there were 93,680 homeowner mortgages in arrears of 2.5 per cent or more of the outstanding balance in...

12 February 2024

From: Breaking News

LSL completes on acquisition of mortgage industry supplier

It’s taken six months but LSL Property Services has announced that its acquisition of TenetLime is now complete. At the end of...

12 February 2024

From: Breaking News

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