Features
Door is open for wholesale funding
Now that the economy is recovering, the mortgage market is picking up, and FLS has gone, the securitisation and covered bonds markets are ripening to re-emerge...
Court rulings can save the day for lenders
Important court rulings have given new hope to lenders who have been victims of mortgage fraud or are facing problems with failed securities. Rebecca Sharpe,...
Confidence emerges from the equity release...
Nigel Waterson, chairman of the Equity Release Council, gives an overview of the lifetime mortgage market and developments since The Council replaced SHIP...
Whose responsibility is it anyway?
Richard Groom, product development director at Landmark Quest, explores the various links in the mortgage chain where it is possible for fraud to rear...
Keeping on top of mortgage application fraud
Intermediaries submitting fraudulent mortgage applications to lenders is just one type of fraud but the regulator has a scheme whereby lenders can report...
Having the right insight and knowing the...
The Mortgage Market Review will soon be upon us and affordability will be even more key to lenders when assessing mortgage applications. Tom Ilube, managing...
Mortgages & Housing
Help to Buy, MMR and supply cause great debate...
It came as little surprise that Help to Buy, MMR and housing supply were the prominent topics discussed at this year’s Great Housing Market Debate, held...
Mortgage borrowers fix in record numbers...
An unprecedented number of homebuyers opted to fix their mortgage rates in February as average fixed interest rates rose across the board, according to...
95 per cent mortgage range trebles under...
First-time buyers with a 5 per cent deposit now have three times more options than before the Help to Buy mortgage guarantee scheme launched last October,...
Rise in cash buyers as mortgages take a back...
Last year mortgage lending made its smallest contribution to the financing of house purchases since before the recession, according to the Intermediary...
Banks retake 95 per cent fixed LTV market
Over the last six months there has been a significant rise in the number of fixed rate 95 per cent loan-to-value (LTV) mortgages offered by banks, according...
Mortgage criteria expansion at Leeds Building...
Leeds Building Society has changed its mortgage lending following a review in response to feedback from customers, mortgage brokers and developers.
Arrears
Repossessions 44 per cent higher in the North...
The rate of home repossessions was 44 per cent higher in the North than in the South in 2013, according to research by e.surv chartered surveyors.
A third of UK repossessions are in Northern...
In the first three months of this year the North of England accounted for over a third (36 per cent) of repossessions across the UK, according to research...
Nine million in serious debt - FCA publishes...
The Financial Conduct Authority has published research into low income consumers, and has identified three distinct borrower groups: survival borrowers,...
FCA finds improvement in arrears management...
Mortgage lenders have improved their practices in arrears management, placing greater emphasis on the need to treat customers fairly, a review by the Financial...
£8.4 million refund for YBS customers in...
Yorkshire Building Society Group (YBS), which includes Yorkshire, Chelsea and Barnsley building societies, and Accord Mortgages, will voluntarily refund...
2013 sees rise in second charge repossessions
Second charge mortgage repossessions rose by 7.6 per cent in 2013, but fell by almost 30 per cent in the fourth quarter, figures from the Finance &...
Legal
Letting agents now legally required to register...
Letting agents and property management companies will now be legally required to be a member of an approved redress scheme.
Mortgage Market Review: unintended consequences?
Illegal buy-to-let cases could increase as a consequence of the Mortgage Market Review affordability rules. Tom Seabrook, partner at law firm TLT, explains...
Looking out for fraud within conveyancing
A wake up call for conveyancers and lenders alike as landmark case redefines s.61 Trustee Act conveyancer responsibilities. Chris Harris, director of Lawyer...
Court rulings can save the day for lenders
Important court rulings have given new hope to lenders who have been victims of mortgage fraud or are facing problems with failed securities. Rebecca Sharpe,...
Nationwide tops conveyancer mortgage lender...
Analysis compiled by myhomemove, the largest conveyancer in the UK, showed Nationwide has topped the mortgage lender chart for purchase transactions.
SearchFlow launches specialist New Build...
Property search business SearchFlow has created a New Build service to help quicken up conveyancing for newly built properties and developments.
Technology
Metro Bank reveals online mortgage portal
An online mortgage portal is being launched by Metro Bank for use by brokers and direct customers within its stores.
Nationwide mortgages available via video...
Customers at more than 60 Nationwide branches are now able to access mortgage advice via a high definition video link.
Taking the mortgage market mobile
By Richard Groom, product development director at Landmark Quest
Information security for outsourced IT systems
By Dave Patel, managing director of DPR Consulting
MMR: through the eyes of the mortgage consultant
Jonathan Pattinson, chief risk and HR officer at HML, explains why lenders need to look beyond having their systems and processes in order for the Mortgage...
Life, death, taxes and complexity
By Adam Oldfield, Unisys FS mortgages and savings technologies
Other
Almost half of consumers believe mortgage...
Confidence has returned to the mortgage market, heralded by media and industry alike.
House buyer numbers at lowest point in almost...
The number of house buyers in February increased at its slowest rate since March 2013, the RICS Residential Market Survey has revealed.
Uinsure launches comparison sales tool
General insurance provider Uinsure has launched an impartial comparison tool to allow brokers to compare insurance products across the market at point...
OFT suspends credit licence of payday lender
The OFT has suspended the consumer credit licence of online payday lender Micro Lend UK Limited.
Halifax to pay stamp duty for first-time...
Halifax is to pay the full stamp duty for first-time buyers (FTBs) purchasing properties between the value of £125,000 and £250,000.
Acadata: House prices up 5.2 per cent in...
The average house price across the UK in January was £241,101, representing an annual rise of 5.2 per cent and a monthly increase of 0.6 per cent, according...
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