Features
Best Product Providers in the MFG Awards...
The Best Product Providers are deciphered by detailed analytics undertaken by Defaqto, the independent financial research company.
The Nominated Categories in the MFG Awards...
Part 2 of the Mortgage Finance Gazette Awards is the nominated section which is judged by industry experts.
The thriving world of organised mortgage...
With the continuing threat of criminal gangs perpetrating mortgage fraud, David Higginson, ID & fraud consultant for Equifax, outlines counter-fraud...
Private renting needs the right reforms
The private rental market is expanding dramatically – and that will involve change. Soon set to provide a quarter of all homes in Britain, this market...
Lifetime mortgage market is expanding
Nigel Waterson, chairman of the Equity Release Council, comments on the latest market findings from the trade body’s comprehensive report
Lenders breathe a sigh of relief at SARB...
The conclusion to the long running sale-and-rent-back litigation surrounding the North East Property Buyers found in favour of lenders. Paul Heeley, lead...
Mortgages & Housing
Millions of "last-time buyers" planning to...
Almost 2.5 million ‘last time buyers’ plan to downsize their homes, according to new research from Prudential.
Newcastle launches new low-fee mortgage product
A new low-fee 80 per cent loan-to-value mortgage product has been launched by Newcastle Building Society.
Private renting needs the right reforms
The private rental market is expanding dramatically – and that will involve change. Soon set to provide a quarter of all homes in Britain, this market...
When rates rise
The impact on mortgages shouldn’t be the only focus when understanding a customers’ level of affordability, says Ian Renard, market development manager...
The alternative route
In the aftermath of the financial crisis alternative lenders saw opportunities emerging and gaps to fill. Short-term lenders have taken advantage and...
Are consumers comfortable with new lenders?
By David Tweedy, market relations director at Target Group
Arrears
Top safety accreditation for Stowe Property...
Repossession and property maintenance contractor Stowe Property Management Services Limited has been awarded accreditation from Safecontractor for its...
Tenant finances absorb record rents
Tenants have paid down rent arrears despite a new record for monthly rents in October, according to the latest buy-to-let index from Your Move and Reeds...
Triple certification success for All In group
All in Property, a contractor to the mortgage, receivership and insolvency sector, has renewed three compliance certifications.
Mortgage borrowers in ‘serious’ arrears...
Third-quarter data from Ascent Performance Group reveals the extent of debt owed by homeowners who have fallen into ‘serious’ arrears difficulty is...
Arrears and repossessions still falling
Third-quarter figures from the Council of Mortgage Lenders show a continuing fall in both repossessions and mortgage arrears.
Severe rent arrears recover 9 per cent in...
Tenants have rebuilt their financial position over the last year, with the total number facing serious rental arrears falling 9 per cent over the last...
Legal
Searches UK enhances Buyer Protect Reimbursement...
As a pioneer of the Buyer Protect Reimbursement Scheme, Searches UK has developed its product further to cover additional costs that home buyers might...
Conveyancer search facility reduces risk
Conveyancers can now check the bank account details of a vendor’s conveyancer through a new feature on Decision First’s Lender Exchange platform.
Searches don't figure in conveyancing delays
The Council of Property Search Organisations (CoPSO) has noted with great interest the findings of research by MoveWithUs that searches do not figure amongst...
New burdens for conveyancers
New legislation on 'traders' (which includes lawyers) and mortgage rules from Europe are on the way and are set to bring more complications for conveyancers...
Unenforceable debt cannot appear on credit...
The Court of Appeal has ruled that banks cannot impose a default on a person’s credit file if the credit agreement in question has been judged unenforceable.
Sink holes and subsidence are on the increase
There is a continued threat of sink holes and subsidence after heavy rainfall in the UK, according to Searches UK.
Technology
Landmark Quest provides digital valuation...
Valuation and surveying firm Colleys is the first firm to adopt Landmark Quest’s brand new Q-Mobile II platform.
The Family Building Society takes up QTS...
QTS, which supplies online and mobile banking systems to building societies, has continued its long-standing relationship with National Counties Building...
Computershare finalises acquisition of HML
The acquisition of mortgage servicer HML by global financial services company Computershare has been completed following approval by the Financial Conduct...
Hampshire Trust Bank migrates deposit accounts...
Hampshire Trust Bank (HTB) has migrated all of its customers’ savings and deposit accounts onto software provided by Phoebus Software Limited (PSL).
Pepper UK appointed as servicer on £2.7bn...
Pepper (UK) Limited has been appointed as the servicer on the recently announced Slate No. 1 and 2 residential mortgage backed securitisation issues.
EDM Group relaunches online property data...
EDM Group, the international information management specialist, has rebranded its online property data network as EDM Mortgage Support Services (MSS).
Other
No move in Bank base rate
The Bank of England's Monetary Policy Committee has kept Bank rate at 0.5 per cent and the size of the Asset Purchase Programme at £375 billion.
Buy-to-let celebrates 18 years
As buy-to-let comes of age, a report has been released detailing the changes in buy-to-let since its 1996 introduction to the market.
L&G men to headline charity OctRock gig
Legal & General’s retiring group board director John Pollock, who is CEO of Legal & General’s Insurance division, has announced that his band...
Mortgages without income verification spiked...
The FCA has said the mortgage market appears to have ‘filled its boots’ on sales of mortgages that did not have any income verification of the borrower,...
AMI boss says proc fees are set to rise
Lenders’ payment of procuration fees to brokers are likely to go up from around 0.35 per cent to 0.45 per cent by the end of the year, says Robert Sinclair,...
Homes for Scotland disappointed at lack of...
Builders in Scotland have warned that the rug is being pulled from beneath them as new figures demonstrate the importance of the Help to Buy scheme, which...
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