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KEYWORD "AI" - 104 RESULTS
Bank of England slammed for interest rate attack on homeowners

The Bank of England has been sharply criticised for an “attack on homeowners” due to its refusal to cut rates. The Monetary...

19 June 2024

From: Breaking News

Today! Webinar on Starting and Growing a Mortgage Business

HLPartnership, the UK’s largest privately owned mortgage and protection network, is hosting a webinar event today to help entrepreneurs decide whether...

19 June 2024

From: Breaking News

High Mortgage Rates and Sluggish Sales Process threaten market

Rightmove reports that the average price of property coming to the market for sale drops by £21 this month to £375,110...

19 June 2024

From: Breaking News

Reform UK policies dismissed by mortgage chiefs as 'Truss Mark 2'

Mortgage experts have criticised the Reform UK housing and tax policies as being superficially appealing but risking a return to the...

19 June 2024

From: Breaking News

Higher Mortgage Rates sucking life out of the housing market

A number of major mortgage lenders have announced rate increases just as the election campaign enters its second half. Barclays has increased...

17 June 2024

From: Breaking News

Lender blames slow mortgage approvals for gazumping

Homebuyers are being gazumped due to lengthy property chains and delays in getting a mortgage, new research from Market Financial Solutions...

17 June 2024

From: Breaking News

Refurb-To-Let loans target landlords improving properties

Paragon Bank has launched a new refurb-to-let deal, offering landlords finance to upgrade their properties. The two refurb-to-let products are designed for...

17 June 2024

From: Breaking News

What’s Happened to Mortgage Rates Since 2010?

Moneyfacts has analysed the movements in mortgage rates since the Conservatives came to office in 2010. Average two-year fixed mortgage rates fluctuated...

17 June 2024

From: Breaking News

Adverse-Credit BTL mortgage launched to meet broker demand

Buckinghamshire Building Society has launched a new non-standard credit buy to let mortgage, following what it calls “significant broker demand.”   The BTL...

17 June 2024

From: Breaking News

Mortgage Shelf Life Halved in just One Month - new figures

oneyfacts data reveals the average shelf-life of a mortgage has dropped to 15 days, down from 28 days a month prior. Month-on-month...

12 June 2024

From: Breaking News

Mortgage Moans - Watchdog asks why rates are so much higher

Jersey's mortgage rates have been consistently higher than those in the UK, sparking concern among consumers and prompting our investigation, according...

12 June 2024

From: Breaking News

Lender returns to 95% mortgage market with new deals

After a brief absence for what it calls “operational reasons” the Suffolk Building Society has returned to the 95% market with...

12 June 2024

From: Breaking News

Boost for owner occupation is key demand of UK Finance manifesto

UK Finance has released its financial services manifesto, outlining key priorities the next government should focus on. David Postings, Chief Executive of...

12 June 2024

From: Breaking News

Later life mortgage lending falls, but still casts a shadow over retirement

New figures from UK Finance show a drop off in later life mortgage lending in recent months. There were 28,840 new loans...

12 June 2024

From: Breaking News

Interest Rates Begin To Fall - will Bank of England follow suit?

The European Central Bank has cut its key deposit rate to 3.75% - so moving faster than the Bank of England...

10 June 2024

From: Breaking News

Industry sceptical about Labour's Mortgage Guarantee scheme

The industry is sceptical about the effectiveness of Labour’s nw ‘Freedom To Buy’ initiative, which effectively makes the current mortgage guarantee...

10 June 2024

From: Breaking News

New mortgage platform claims to benefit broker partners

Newcastle for Intermediaries has launched a new mortgage platform for its broker partners.   Following the announcement of its new broker website and...

10 June 2024

From: Breaking News

Mortgage market will see off General Election instability - expert's view

The mortgage market is resilient enough to endure temporary political uncertainty created by next month’s General Election. That’s the view of Jonathan...

10 June 2024

From: Breaking News

Warning that interest rates will stay 'higher for longer' this year

Higher-for-longer interest rates are likely to remain for the rest of this year, warns the deVere Group, an independent financial advisory...

05 June 2024

From: Breaking News

Call for review of mortgage affordability criteria by new government

Rightmove says there should be a review of mortgage affordability criteria undertaken by the next government. The portal’s mortgages expert Matt Smith...

05 June 2024

From: Breaking News

Nationwide-Virgin mortgage mega-deal probed by CMA

The proposed merger between mortgage and financial service providers Nationwide and Virgin Money is to be investigated by the UK's competition...

05 June 2024

From: Breaking News

Interest Rates depress mortgage approvals in spring market

Official Bank of England figures shows that net mortgage approvals for house purchases totalled 61,100 in April, little changed from 61,300...

05 June 2024

From: Breaking News

First Time Buyer loan applications soar - now biggest sector of mortgage market

Applications from first time buyers have grown by 33% so far this year with FTBs now making up a higher proportion...

03 June 2024

From: Breaking News

Election unlikely to impact property market revival - new figures

Analysis by an estate agency shows that since the 1980s, house prices have climbed by an average of 5.4% in the...

03 June 2024

From: Breaking News

Housing Market hit by sell off of holiday lets and Airbnbs - Zoopla

This accounts for some of the big rise seen recently in the supply of homes for sale - 20% up on...

03 June 2024

From: Breaking News

Building Societies' mortgage lending booms ahead of banks

Building societies' mortgage balances grew in the six months between October 2023 and March 2024, when they had declined across the...

03 June 2024

From: Breaking News

Period Home premiums and overheads deter buyers - new analysis

An analysis of period property transactions reveals that demand has slumped as low as 39.2% of previous highs because of premiums...

03 June 2024

From: Breaking News

FinTech invite to brokers to free Mortgage and Rental Masterclass

FinTech company Mortgage Brain has partnered with large scale buy to let lender The Mortgage Works to host a free Mortgage...

30 May 2024

From: Breaking News

Boost for First Time Buyer lending as last-gasp law change approved

The Building Societies Act 1986 (Amendment Bill) successfully passed its legislative stages as part of the last minute ‘wash up’ of...

30 May 2024

From: Breaking News

Lender opens large-loan mortgage range to all brokers

Dudley Building Society has made its residential large loan mortgage range accessible to all brokers. Up until now, access to the building...

30 May 2024

From: Breaking News

LRG's financial services division rebranded as part of Mortgage Scout

Leaders. Romans Group, one of the UK's leading property services groups, has rebranded and amalgamated Start Financial Services into Mortgage Scout. Start...

30 May 2024

From: Breaking News

Election Warning - Rate Cut on Ice and Lending Slows

There’s a warning that the general election campaign will probably mean that the interest rate cuts hoped for in June will...

28 May 2024

From: Breaking News

Huge rise in Mortgages paid off by borrowers in retirement

A Freedom of Information (FoI) request from a former pensions minister has revealed a significant increase in the proportion of home...

28 May 2024

From: Breaking News

High Interest Rates push buyers into smaller property purchases

An online agency has analysed current housing market listings to see which types of home are most in demand from England’s...

28 May 2024

From: Breaking News

Buyers stung by high hidden costs when moving home

New research from Compare the Market has revealed that nearly seven in 10 households have been caught out by surprise costs...

28 May 2024

From: Breaking News

April Mortgages launches Dutch-style house purchase product range

April Mortgages has launched its new unique house purchase mortgage range. Now all registered firms will be able to offer the entire...

22 May 2024

From: Breaking News

Emerging Market Identified - many more first time buyers aged 50-plus

There was a 13% increase in Q1 2024 of 56-65 year-olds searching for their first property compared to the same period...

22 May 2024

From: Breaking News

Painfully slow house buying process may hit transaction volumes - Rightmove

Rightmove is predicting some 1.1m residential transactions this year - but it says the glacial pace of house buying in the...

22 May 2024

From: Breaking News

Mortgage adviser deal will help streamline property transactions - claim

Optimus has renewed its long-term partnership with fee-free mortgage adviser London & Country (L&C). Optimus claims that the new contract “will further...

22 May 2024

From: Breaking News

Debt Consolidation Range from lender  targets older borrowers

LiveMore, the mortgage lender for people aged 50 to 90 plus, has launched a new up to 100% standalone debt consolidation...

22 May 2024

From: Breaking News

At last! Mortgages market confidence finally recover from Liz Truss disaster

The latest report from the Intermediary Mortgage Lenders Association (IMLA) reveals that intermediary confidence in the industry increased in Q1 2024. Some...

20 May 2024

From: Breaking News

Good news as High Street borrowers cut rates once again

There was good news over the weekend as rates reductions announced late last week kicked in. Barclays has cut a number of...

20 May 2024

From: Breaking News

Mortgage product choices boom with some at 16-year high

Independent mortgage monitor service Moneyfacts says rises to average two- and five-year fixed mortgage rates have gained pace month-on-month. The overall five-year...

20 May 2024

From: Breaking News

Mortgage Costs make buying in much of London hugely dearer than renting

Londoners looking to buy a home can expect to spend 42% more on monthly mortgage payments than tenants pay on rent,...

20 May 2024

From: Breaking News

New mortgages aimed at Healthcare and skilled Foreign Visa Holders

Hinckley & Rugby Building Society has launched a range of mortgages to help skilled foreign workers in the UK own their...

20 May 2024

From: Breaking News

House Sales stagnate as mortgage rates dampen buyer enthusiasm

The latest RICS UK Residential Survey results shows the recent recovery in buyer demand has mellowed slightly, with the market impacted...

15 May 2024

From: Breaking News

Landlords Make Radical Mortgage Changes to Ease Rising Costs

Many buy to let landlords have made financial changes during the cost of living crisis to mitigate the rising costs of...

15 May 2024

From: Breaking News

Landbay cuts stress testing requirements on like-for-like remortgages

Buy to let lender Landbay has enhanced its like-for-like remortgage range with new lower stress testing, alongside new rate reductions. For landlords...

15 May 2024

From: Breaking News

Chain Free Homes Attract A Premium - here’s how much

Chain-free homes command asking price premiums of 3.9% over homes on sale with buyer-chains - and in one location at least,...

15 May 2024

From: Breaking News

PropTech Big Hitter to head mortgage broker platform training

Property Circle, which calls itself “the growth platform for mortgage brokers, estate agents and letting agents” has appointed a PropTech high-flyer...

15 May 2024

From: Breaking News

Mortgage Lending set to double next year - new figures

UK mortgage lending is forecast to grow just 1.5% (net) in 2024, according to the latest EY ITEM Club Outlook for...

13 May 2024

From: Breaking News

FinTech link allows lender to offer ultra-fast insurance quotes

Nottingham Building Society has partnered with insurance technology firm, Uinsure to provide home insurance quotes in as little as 60 seconds. Members...

13 May 2024

From: Breaking News

Interest Rate impact on Mortgages - a six month analysis

Interest rates for borrowers have shown mixed signs of both rises and falls over the past six months. Moneyfactscompare has analysed...

13 May 2024

From: Breaking News

Arrears edge upwards - latest official figures from UK Finance

UK Finance’s latest arrears and possessions data shows a modest three per cent rise in homeowner mortgages in arrears to 96,580...

13 May 2024

From: Breaking News

Base Rate Held Again - what this really means for mortgages this summer

Bank of England base rate has been held at 5.25% - where it has been for nine months. The Bank’s monetary policy...

13 May 2024

From: Breaking News

High Street lenders: Most hike rates, one reduces them

HSBC has made a slew of changes and increases to its residential and buy to let mortgage products. The bank is introducing...

09 May 2024

From: Breaking News

Building Societies target first time buyers with affordability issues

Research from independent mortgage monitor Moneyfactscompare suggests that building societies are working hard to support first-time buyers, for whom affordability has...

09 May 2024

From: Breaking News

Mortgage costs push housing market into north-south divide

It might look like house prices have stabilised, staying relatively flat over the first four months of 2024, but at least...

09 May 2024

From: Breaking News

Mortgage costs trigger sales surge, more demand for small units

The average selling price of property across Edinburgh, the Lothians, Fife and the Borders during February-April was £269,963, some 1.5% higher...

09 May 2024

From: Breaking News

Brokers can educate young borrowers on eco-improvements - claim

Almost three quarters of Millennial and Gen Z buyers - those aged 18 to 34 - think energy efficiency improvements will...

09 May 2024

From: Breaking News

Mortgage Rate changes prompts housing market rethink by Savills

Savills has today upgraded its five-year UK mainstream house price forecast to reflect the stronger than expected start to the year...

07 May 2024

From: Breaking News

Mutual cuts rates twice in a week, against the trend

The Hinckley & Rugby building society has announced two cuts to rates across its mortgage range in short order.  After rate cuts...

07 May 2024

From: Breaking News

Prices of flats rising faster than any other property type

Big demand for small properties has helped to drive growth in UK property prices in the early months of this year,...

07 May 2024

From: Breaking News

Mortgages target borrowers with CCJs and defaults

Aldermore is reintroducing a broader range of mortgages for owner occupiers. The lender says it wants to support often “overlooked customers” with...

01 May 2024

From: Breaking News

All change - more rate and product changes from major lenders

Several of the UK’s biggest lenders have raised rates on their mortgage products this week already, as speculation grows that the...

01 May 2024

From: Breaking News

Buy To Let purchases plummet - it’s because of Stamp Duty

The proportion of buy to let properties purchased in Southern England fell to a record low last year, continuing a trend...

01 May 2024

From: Breaking News

New loan covers lifecycle of property, not just purchase

Real estate finance and investment business TAB has launched a long-term lending service extending to all stages of a property’s life...

29 April 2024

From: Breaking News

Popular lenders change rates and products for landlords

Keystone Property Finance has expanded its services by introducing further advances for landlords undergoing product transfers. As part of Keystone’s PT Plus...

29 April 2024

From: Breaking News

Warning of missed mortgage payments growing in number

A new survey suggests that almost half a million Britons are set to miss a mortgage payment in the next six...

29 April 2024

From: Breaking News

Lloyds and Barclays profits drop as mortgage competition surges

Lloyd’s pre-tax profits were just £1.6 billion between January and March, down from £2.3 billion for the same period last year. The bank...

29 April 2024

From: Breaking News

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,...

24 April 2024

From: Breaking News

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...

24 April 2024

From: Breaking News

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...

24 April 2024

From: Breaking News

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...

22 April 2024

From: Breaking News

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...

22 April 2024

From: Breaking News

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...

22 April 2024

From: Breaking News

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...

22 April 2024

From: Breaking News

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...

22 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

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

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

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

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

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

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