Features
The changing mortgage landscape
David Carrington, marketing director at Personal Touch Financial Services, looks at how the Mortgage Market Review has impacted on lenders, brokers and...
Bridging is filling the finance gap
Keith Aldridge, managing director of Capital Bridging Finance, says that flexibility and innovation is driving the specialist short-term lending market...
Exploring the vagaries of the arrears market
The Council of Mortgage Lenders latest arrears statistics showed that the number of homeowners behind with their mortgage payments had fallen to its lowest...
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....
Mortgages & Housing
Lender appetite for high LTV loans increases
The number of 95 per cent loan–to-value (LTV) mortgages is at its highest level since the financial global crisis, according to the latest Genworth/Moneyfacts...
Take a two-pronged debt and arrears management...
Ian Carr, portfolio servicing director at HML, explains how a two-pronged debt and arrears management strategy can help tackle underpaying accounts and...
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,...
Arrears
Mortgage arrears, home repossessions at lowest...
Both mortgages in arrears and home repossessions in 2014 plunged to their lowest number in eight years, the latest figures from the Council of Mortgage...
Fitch reports continuing drop in mortgage...
The volume of UK loans in severe arrears has shrunk further in 2014, according to the latest data from Fitch Ratings.
Exploring the vagaries of the arrears market
The Council of Mortgage Lenders latest arrears statistics showed that the number of homeowners behind with their mortgage payments had fallen to its lowest...
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’...
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
Commercial valuation exchange platform from...
EDM Mortgage Support Services has launched a valuation exchange platform for commercial lenders and valuers.
AIB to pilot Vizolution’s vScreen
Allied Irish Bank (AIB) is piloting vScreen, the screen sharing solution from Vizolution, in its contact centre.
TSB improving customer service with new mobile...
TSB is launching a new mobile banking application as it responds to the growing number of customers managing their finances on the go.
Fitch places Acenden's servicer ratings on...
Mortgage servicing firm Acenden Limited has had its UK residential primary and special servicer ratings of 'RPS2+' (prime and sub-prime) and 'RSS2' placed...
Barclays to take banking to customers via...
By summer 2015, customers of Barclays will have access to branch services anywhere and at any time with all its community bankers able to set up a branch...
European Mortgage Credit Directive changes...
By Paul Hunt, managing director of Phoebus Software Ltd
Other
Lender appetite for high LTV loans increases
The number of 95 per cent loan–to-value (LTV) mortgages is at its highest level since the financial global crisis, according to the latest Genworth/Moneyfacts...
Government sells £500m of Lloyds shares
The government has sold a further £500 million of Lloyds Banking Group shares through the trading plan that was launched in December 2014.
EDM launches document scan for smartphone
EDM Mortgage Support Services (MSS) has launched a document upload facility for mortgage intermediaries that will enhance and speed up the approvals process...
Pink brokers will discuss income protection...
Every adviser working in the Pink Network will now discuss income protection with their clients from the very first mortgage meeting.
Feb MFG out now
The February issue of Mortgage Finance Gazette is out now.
Hanley Economic earns IIP Gold and enters...
Hanley Economic Building Society has achieved two significant landmarks by securing an Investors in People (IIP) Gold standard reaccreditation, and being...
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