Features
Call for nominations in the Mortgage Finance...
There is one month left to get your entries in for the Mortgage Finance Gazette Awards. Open to lenders and suppliers there is a range of categories for...
Courts, unfairness and the Consumer Credit...
There has been a recent flurry of court decisions with regard to the Consumer Credit Act and its various requirements, particularly in interpreting ‘unfair...
Where does equity release fit into the retirement...
The equity release market needs to provide more options if it is to expand and cater for an aging population, particularly now that new pension rules are...
Firm foundation for new lender
Joanne Atkin talks to Foundation Home Loans’ CEO Hans Geberbauer and business development director Paul Brett about the new buy-to-let venture and future...
Japanese knotweed: Knot a problem?
Mike Clough, chairman of trade body the Invasive Non-Native Specialists Association, says that invasive weeds such as Japanese knotweed may be a nuisance...
Financial institutions are failing vulnerable...
This is the view of the regulator as it works to drive the treatment of vulnerable customers higher up the agenda of firms working in the financial services...
Mortgages & Housing
BoE: Mortgage approvals continue to rise...
Mortgage approvals increased again in July 2015 continuing on the rebound course since the General Election in May, the latest Bank of England (BoE) figures...
Legal & General to raise awareness about...
Legal & General Mortgage Club has taken steps to demystify the upcoming EU mortgage legislation with a new guide and an especially-designed matrix.
Yorkshire launches online mortgage application
Customers of Yorkshire Building Society can now start their mortgage application online and gain an approval in principal before transferring and completing...
Mortgage rates edge up on Base Rate rise...
Since Bank of England Governor Mark Carney suggested recently that the Base Rate could rise by the turn of the year, several lenders have started to up...
Halifax launches 15-minute mobile mortgage...
Halifax has created a mobile Agreement in Principle (AIP) tool which enables customers to receive a mortgage lending decision in less than 15 minutes.
Crackdown on rogue landlords and illegal...
The government is to introduce measures to tackle rogue landlords and make it harder for illegal migrants to rent property in England.
Arrears
Non-conforming RMBS arrears improve in Q2...
Non-conforming residential mortgage-backed securities (RMBS) saw a fall in delinquencies over the second quarter of 2015, according to the latest report...
Second charge repossessions down 50 per cent...
The number of second charge mortgage repossessions fell by 50 per cent in the second quarter of 2015, compared with the same period last year.
Mortgage arrears and repossessions continue...
Repossession numbers are down to one in 5,000 mortgages equivalent to 0.02 per cent of all home loans and arrears also continued to fall in the second...
‘Serious failings’ at permanent tsb and...
Irish bank permanent tsb and its subsidiary Springboard Mortgages have begun a major redress and compensation programme for 1,372 mortgage customers.
Arrears recovery insight
Using available insight and treating customers fairly in collections – data and analytics can make a world of difference to both lenders and consumers,...
Base rate hike will not increase arrears,...
Mortgage borrowers will be able to withstand a moderate rise in interest rates, says Moody's Investors Service in a new report.
Legal
Spike in number of mortgage deals in August...
A national firm handling conveyancing for many of the UK’s major lenders has reported an extraordinary jump in the number of mortgage deals in the past...
Legal & General launches Conveyancing...
A new conveyancing service has been launched by Legal & General in association with myhomemove.
Conveyancing Association hosts lender roundtable
The Conveyancing Association met recently with lenders to discuss their common goals when it comes to streamlining the home-buying process.
Courts, unfairness and the Consumer Credit...
There has been a recent flurry of court decisions with regard to the Consumer Credit Act and its various requirements, particularly in interpreting ‘unfair...
Customers win protection from legal jargon
Rob Aberdein, partner at Scottish full service law firm Aberdein Considine, analyses new protection handed to consumers by a recent European court ruling...
Contaminated land is more prevalent than...
Former industrial land across England and Wales could be twice as much as official figures suggest, research from Groundsure reveals.
Technology
Zapp, Featurespace join forces in mobile...
Zapp, a mobile payments platform, has signed a five-year agreement with Featurespace, the developer of a fraud prevention tool based on predictive analytics,...
Mortgage Brain to provide product sourcing...
Mortgage Brain has closed a deal with Commercial Trust, a UK commercial and buy-to-let mortgage broker, for its MortgageBrain Classic solution.
Equifax' new service to improve assessment...
Equifax has lanched a new solution that will help organisations to better assess lending risks and eventually improve their overall profitability.
EU to get tough on data security requirements
New EU data protection regulations recently approved by the European Council, mean that businesses must be prepared to meet stronger data security requirements...
Yorkshire launches online mortgage application
Customers of Yorkshire Building Society can now start their mortgage application online and gain an approval in principal before transferring and completing...
OneSavings Bank to use EDM’s Commercial...
Specialist lender OneSavings Bank has signed up to EDM Mortgage Support Services’ (MSS) Commercial Valuation Exchange (VEX).
Other
Principality joins Get Safe Online in the...
Principality is the first building society and the first Welsh company to partner with Get Safe Online.
Government pledges £26m fund for starter...
The communities secretary has launched a £26 million fund for housebuilders as part of the government’s pledge to build 200,000 starter homes by 2020.
Mortgage insurance helps boost Monmouthshire’s...
Monmouthshire Building Society has increased the number of first-time buyer loans through its use of private mortgage insurance.
FCA and HMT set up Financial Advice Market...
The Financial Conduct Authority and HM Treasury have launched the Financial Advice Market Review (FAMR) which will examine how financial advice could work...
Crackdown on rogue landlords and illegal...
The government is to introduce measures to tackle rogue landlords and make it harder for illegal migrants to rent property in England.
FCA's chief executive Martin Wheatley to...
Martin Wheatley is to step down from his role as chief executive of the Financial Conduct Authority on 12 September 2015.
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