Features
2015: The year of...?
As we move into 2015, it seems that all parts of the lending world are in growth mode - residential lending, remortgaging, buy-to-let, equity release,...
Is the buy-to-let sector resilient to interest...
Joe Macklin, senior manager, risk & analytics at MIAC Acadametrics, believes lenders should analyse their buy-to-let portfolios in order to keep on...
Mortgages on properties with land
Many mainstream mortgage lenders have quite detailed report forms which have to be completed by the surveyor following the inspection of the property....
Challenges that valuers might face
Peter Glover looks at what happens when borrowers challenge the surveyor’s valuation and discusses problems associated with lending on properties in...
The BADAS Act brings major changes to bankruptcy...
Rob Aberdein, partner at Scottish full service law firm Aberdein Considine, analyses the changes that the Bankruptcy and Debt Advice (Scotland) Act 2014...
Shared ownership lease problems
Lenders need to be aware that a borrower who has a shared ownership lease can still be a liability even if they pay their mortgage each month. Paul Heeley,...
Mortgages & Housing
Leeds will accept gifted deposit on new build
Feedback from intermediaries has prompted Leeds Building Society to simplify its policy on gifted deposits for new build homes.
New mortgage scheme for self-builders and...
A new scheme for people who want to build or customise their own homes, in conjunction with local authorities that have land to develop, has been launched...
Home movers’ number highest since 2009
The property price growth eased the movement of buyers on the market last year.
2015: The year of...?
As we move into 2015, it seems that all parts of the lending world are in growth mode - residential lending, remortgaging, buy-to-let, equity release,...
Challenges that valuers might face
Peter Glover looks at what happens when borrowers challenge the surveyor’s valuation and discusses problems associated with lending on properties in...
Ahead with digital contact
Face-to-face web contact via transparent, online mortgage consultations are the way forward, says Mark Zondler, managing director of Mikogo
Arrears
Half of borrowers unprepared for mortgage...
Just over half (52 per cent) of UK mortgage-holders who earn an income don’t have a plan in place to cover repayments if they fall too ill to earn for...
Home repossessions decline in H1 2014
Households across England and Wales had less financial worries in the first half of 2014, which is reflected in the falling number repossessions over the...
Debt management firm to compensate 4,500...
Harrington Brooks will voluntarily pay over £185,000 in redress to more than 4,500 customers after communications from the firm to creditors on customers’...
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.
Legal
West Brom wins tracker rate legal case
In the High Court yesterday, West Brom successfully defended its decision to raise the interest rate on buy-to-let tracker mortgages for some of its customers.
LMS in new partnership with The Melton Building...
Conveyancing panel management specialist LMS is partnering with The Melton Building Society.
Conveyancing market shows signs of levelling...
Some conveyancers are reporting a slowdown in business as the property market continues to cool. As a consequence there is less optimism within the industry,...
The BADAS Act brings major changes to bankruptcy...
Rob Aberdein, partner at Scottish full service law firm Aberdein Considine, analyses the changes that the Bankruptcy and Debt Advice (Scotland) Act 2014...
Redeeming factors
Alison Deighton, partner and head of data protection and privacy at national law firm TLT, explains what lenders need to know when dealing with third party...
Search Acumen brings innovation to conveyancing...
Through the use of new technology, Search Acumen has developed a ‘step change’ in conveyancing search service, which brings speed and accuracy saving...
Technology
HML subsidiary SMS to acquire Topaz from...
Specialist Mortgage Services (SMS), a subsidiary of mortgage administration company HML, is set to buy Topaz Finance Limited from the Royal Bank of Scotland.
Barclays launches ability to photograph customer...
Barclays has rolled out significant enhancements to its online mortgage submission system used by mortgage brokers who can now take photographs of customer...
MortgageSource selected by HomeLoan Partnership
National mortgage network HomeLoan Partnership (HLP) has integrated MortgageSource, from online sourcing systems provider Twenty7Tec, into its new CRM...
HLP partners with Lifetime Group to launch...
The mortgage network, HomeLoan Partnership (HLP), has a new client relationship management (CRM) system powered by Lifetime Group’s 360Dotnet software.
QTS signs up Leek United for new online systems
Leek United Building Society has chosen QTS to supply a significant, multi-phase, fully-hosted IT system.
QTS launches mortgage application interface...
QTS, which supplies online and mobile banking systems, has launched a new system that enhances the mortgage application process.
Other
Cost of home insurance falls
The cost of home insurance has fallen over the last year, according to the Association of British Insurers (ABI).
FCA consults on complaints handling improvements
The Financial Conduct Authority is consulting with the industry on reforming the way customer complaints are dealt with and reported.
HML retains servicing contract for Amber...
Skipton Group lenders, Amber Homeloans and North Yorkshire Mortgages, have signed a five-year contract with HML who will continue servicing the lenders’...
October smashes post credit crunch record...
Secured lending in October reached £65.5 million, the highest single-month figure since October 2008, according to the Secured Loan Index, compiled by...
Moore Blatch issues free online ‘right...
Law firm Moore Blatch has produced a free, downloadable checklist on its website to help landlords having to conduct ‘right to rent’ immigration checks.
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.
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