Archive

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

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

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

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

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

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

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

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

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

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

The Bank of England has signalled that more than one interest rate cut is likely this year - but the question...

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

HSBC used the Easter period to launch its Energy Efficient Homes range, tailored for UK residential first time buyers, home movers...

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

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

The beleaguered construction sector - a good early indicator of later sales activity - has seen a welcome boost in some...

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

Leek Building Society has used its annual report and publication of accounts to mount a stout defence of its methodology regarding...

Kent Reliance for Intermediaries - part of the OSB Group - has refreshed products across their residential, buy to let, and...

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Access Financial Services has partnered with Nomo Bank to offer Sharia-compliant property finance for UK rental and residential property. The products address...

There are clear signs the commercial property market is adjusting to today’s high interest rate environment according to specialist lender Together. Its...

The number of mortgages offered to home buyers went up from 49,300 in November to 50,500 in December, against the normal...

New research indicates that the Bank of Mum and Dad may not be as prevalent as it once was, with the...

Respected estate agency and property consultancy Savills is warning that house prices may dip in 2024. In the run-up to Christmas it...

The UK's largest building society has slashed its cheapest mortgage rate to an eight-month low and significantly under the Bank of...

The negative effects of higher mortgage rates on affordability were overestimated throughout 2023 with house prices having dropped one one to...

Mortgages for Business is rebranding to Mortgage Finance Brokers, or MFB. A statement from managing director Gavin Richardson says: “It’s now a...

Lifetime mortgage fund usage continues to show a mixture of aspirational and needs-based borrowing, according to figures from lender Pure Retirement....

There are growing fears that the hoped-for Bank of England base rate cut this spring - the first off possibly several...

Shawbrook has become the first bank in the UK to offer limited companies the ability to remortgage using the digital conveyancing...

Property lender Together is holding its third webinar for brokers in its Chalk Live series, offering new educational content along with...

Three years ago the Financial Conduct Authority banned discretionary commission arrangements in a bid to end the incentive for brokers to...

Awareness of green mortgages is dipping among buyers, according to new research. Almost two thirds of mortgage advisers say their clients have...

There’s no prospect of a rapid recovery for the housing market in 2024 despite some green shoots appearing. The warning comes from...

Latest Bank of England data released in recent days shows net mortgage approvals for house purchases rose from 47,900 in October...

Two organisations have joined forces to create a new platform dedicated to providing holiday let mortgages. Holiday Cottage Handbook Financial Services claims...

High end estate agency Savills has issued an update on prime markets in and around London and south east England. And it...

Three high street lenders - Virgin Money, TSB and Skipton Building Society - have joined the commitment to offer mortgages on...

Metro Bank says it will not, after all, be selling its residential mortgage portfolio despite widespread industry speculation that it was...

Crystal Specialist Finance has conducted its Annual Survey with over 10,000 brokers for the second year running. The point is to see...

UK Finance has published its housing and mortgage market forecasts for 2024 and 2025 together with projections for 2023 full year numbers. Key figures for 2023 In...

Two-year fixed rate mortgages have dipped below six per cent for the first time since June this year. Back in June there...

Saga, the provider of products and services for the over-50s, has teamed up with digital broker Tembo to launch Saga Mortgages. The...

Karis Capital is launching as what it calls “a premier real estate debt advisory firm with plans to redefine how developers...

There’s been a sharp decline in household financial confidence in the UK according to the latest UK Finance sentiment survey. The Q3...

The 2023/24 Your Mortgage Awards’ ‘Best Buy to Let Mortgage Lender’ has been named. It’s The Mortgage Works, and this is not...

Rightmove is launching its first broker product, which will allow customers to access mortgage advice through the property website.   The portal,...

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

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

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...

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

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

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

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

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

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

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

Homeowners in Wales who are struggling with their mortgages could get loans that are interest-free for the first five years under...

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

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

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

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

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

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

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

There are growing fears of yet another Bank of England base rate rise next month following the surprise inflation figure released...

Two prominent UK house builders have warned of sharply reduced volumes in the next year or so as buyers struggle to...

A specialist business bank is strengthening its proposition for portfolio landlords with a new Green Reward cashback offer. Redwood Bank says it...

An internationally-ranked chess player who swindled £750,000 through mortgage and tax fraud has been jailed. Robin Moss spent more than £115,000 of...

Skipton Building Society has made what some brokers call an “unprecedented move” by offering rates for existing borrowers switching products starting...

Analysts suggest that mortgage lending is likely to fall over the rest of 2023 with both demand and supply dropping thanks...

The Nationwide says high interest rates are helping to redefine the housing market in terms of transaction volumes and choices of...

Despite the housing market slowdown, brokers are being warned that the autumn months of September, October and November have typically seen...

The crisis hit Metro Bank is in talks to sell off at least a £3 billion portion of its mortgage book. The...

Is the mortgage price war really over? On the one hand there are good signs for the housing market - no substantial...

An estimated seven million UK households are struggling to keep up with their rent or mortgage payments, Which? warns, with millions...

It’s now one year since former Prime Minister Liz Truss and Chancellor Kwasi Kwarteng’s ill-fated mini-budget, which acted as a catalyst...

The number of three-year fixed mortgage products available from lenders has been rising over the last few months as borrowers coming...

Metro Bank customers will now benefit from a smoother house buying process thanks to a new partnership with Legal & General...

Atom bank has announced a partnership with climate tech business Kamma to give “an unparalleled view on both the physical and...