Features
MFG Awards 2017: Call for nominations
Roll up, roll up and get your MFG Award nominations rolling in. Open to all lenders - from specialists to the big banks - and suppliers to the mortgage...
Driving ambition
Jim and David Driver are the driving force behind software firm eTech, which is looking to shake up the valuation technology market. MFG finds out more...
Taking control of valuation risk management
Lenders need to be aware of the increase in new-build incentives to sell and market homes, so they can keep up with the risks in property valuation. Peter...
2030 house prices at eye watering levels
In 15 years’ time, the average house price could be creeping close to half a million pounds, and growing numbers of young people will still be living...
The complexity of innovation within the mortgage...
The latest MFG Lunch Club, in association with Niu Solutions, the technology managed service provider, met to discuss innovation and what it means to different...
The changing face of UK lending
A broad representation from around the industry gathered for the Mortgage Finance Gazette Lunch Club in association with Legal & General Surveying...
Mortgages & Housing
HSBC and Yorkshire BS launch market-leading...
The news that HSBC has reduced the rate on its two-year fixed mortgage to a market-low of 0.99% has sparked much comment.
Capital relief
Robin Johnson, managing director, professional services at Kinleigh Folkard & Hayward Chartered Surveyors, discusses the effect Crossrail will have...
Brexit – to leave or not to leave
By Richard Pike, sales and marketing director at Phoebus Software Ltd
The complexity of innovation within the mortgage...
The latest MFG Lunch Club, in association with Niu Solutions, the technology managed service provider, met to discuss innovation and what it means to different...
Land Reform Scotland – what does it mean...
The Land Reform (Scotland) Bill has had a mixed reaction within the Scottish property market. Rob Aberdein, partner at debt recovery specialist Aberdein...
Researchers seek help to create greener mortgages
A research project, chaired by Nationwide Building Society and called LENDERS, is looking at ways to create ‘greener’ mortgages.
Arrears
North-South repossessions gap halves in 2015
The North-South divide in home repossessions has halved in the last year but Northern towns still make up nine in 10 repossession postcodes, according...
Repossessions at record low
The number of repossessions in the first quarter of 2016 has fallen to 2,100 - the lowest on record - comprising 1,500 for homeowners and 600 for buy-to-let...
Collateralised debt and “party games”
By Angus Passmore, sales and marketing director at Euro Credit Risk
drydensfairfax granted full FCA authorisation
The UK’s largest independent debt recovery law firm, drydensfairfax solicitors, has achieved full authorisation from the Financial Conduct Authority...
Arrears among HML-serviced mortgages fall...
The proportion of mortgages that HML administers that are currently more than 2.5% in arrears is decreasing more quickly than the national total.
Lowest mortgage arrears in a decade
Fewer than one in 100 mortgages is in arrears, and at 0.92% the annual arrears rate is at its lowest for more than a decade, according to the latest update...
Legal
FCA authorisation for Shoosmiths debt recovery
National law firm Shoosmiths has been authorised by the Financial Conduct Authority (FCA) to provide the full range of regulated debt recovery legal services.
CA creates home buying improvement working...
The Conveyancing Association (CA) has set up a working group to try to find ways to improve the home buying process.
drydensfairfax granted mortgage administration...
Solicitors drydensfairfax recent application to administer regulated mortgage contracts has been granted by the Financial Conduct Authority.
FCA revises PPI rules
By Simon Hough, partner at Rosling King LLP
West Brom loses tracker rate increase legal...
West Bromwich Mortgage Company will need to pay around £27.5 million back to more than 6,000 landlords following a Court of Appeal ruling today on raising...
John Charcol launches conveyancing service
Mortgage brokerage John Charcol is launching a conveyancing service in association with ULS Technology.
Technology
Mortgage industry could share digital data...
The UK mortgage industry will be sharing digital information within the next two years, significantly speeding up mortgage and remortgage processes.
Pre-launch sign-up now open for ‘neobank’...
Loot today opens its doors for people to sign up to its soon-to-be-launched smartphone-based banking apps.
Capita offers mortgage software to brokers
Capita is to offer mortgage software to the broker market for the first time following its work with Tesco Bank in the development of its new intermediary...
Specialist packager takes Target’s Bluechip...
Target Group is to supply its Bluechip Broker system to Specialist Financial Services, a specialist broker packager of second charge, bridging and commercial...
Clever Lending launches sourcing system
Master broker Clever Lending has launched its own second charge sourcing system for brokers, in association with finance software specialists Twenty7Tec.
Sutherland Mortgage Services gains FCA permissions
A new mortgage servicing firm in the UK has been granted a full range of mortgage permissions by the Financial Conduct Authority.
Other
SimplyBiz Mortgages adds Prestige Finance...
Following the recent launch of its direct secured loans panel, SimplyBiz Mortgages has added a second lender to its panel, Prestige Finance, part of the...
Modified affordability rules spur equity...
Retirement Advantage has launched an enhanced range of equity release products which require no proof of income or expenditure as part of the application...
New lenders add to rise in equity release...
A record 66 different schemes or variants of equity release mortgages are now available due to a rise in demand for equity release products.
CML: when does the seven-day mortgage switch...
The Council of Mortgage Lenders has responded to the call for evidence from the Department for Business, Innovation & Skills (BIS) on the feasibility...
Over half of UK building societies now lending...
Well over half of the UK’s building societies are now lending to borrowers up to or over the age of 80.
Scottish Building Society to launch online...
Scottish Building Society is to launch its own online broker portal, designed and built by Mutual Vision.
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