Features
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...
All change at Monmouthshire Building Society,...
Like the city it’s based in, Monmouthshire Building Society is investing in its future. Collaborating with Mutual Vision, new systems are helping to...
Charting the development of the second charge...
Following the introduction of the European Mortgage Credit Directive, second charge mortgages are now regulated along with first charge. Robert Owen, director...
Busy time ahead for servicers
Mortgage servicing could be set for growth as firms consolidate and new players vie for a slice of market share. Joanne Atkin reports
Giving world class customer service in the...
Providing a good customer experience for all interactions has always been vital for building trust and a positive relationship with customers. For a third...
The MFG Conference Review – Part 1 –...
The second Mortgage Finance Gazette Conference had the theme of ‘The changing landscape of the mortgage market: Growth and innovation’.
Mortgages & Housing
Government suggests mortgage switching in...
The government is consulting with industry and consumers on ways to make switching providers quicker and easier across a range of sectors, including mortgages.
One in seven borrowers want to beat EU referendum...
Around one in seven (13%) mortgage and remortgage customers are trying to speed up applications so they can finalise deals ahead of the European Union...
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...
Nationwide raises upper age limit for mortgage...
Nationwide Building Society is the latest lender to increase its maximum age for mortgage maturity, moving from 75 to 85 years old.
Talk about housing
Paul Smee, director general of the Council of Mortgage Lenders, discusses the CML annual lunch, housing on the political agenda, working with the regulator...
Mortgage lending on leasehold properties
Peter Glover, chartered surveyor and author of ‘Building Surveys’, highlights valuation issues when lenders repossess leasehold properties
Arrears
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...
Second charge mortgage repossessions hit...
The number of second charge mortgage repossessions in 2015 stood at 228 – the lowest level for seven years and almost half that of 2014 - figures from...
Legal
Conveyancing Association opposes Land Registry...
The majority of members of the Conveyancing Association (CA) have voted to oppose the government’s proposals to move the Land Registry to the private...
Land Registry customers can view progress...
More than 13,000 professional organisations who use the Land Registry’s online portal will be able to view the progress of their applications in real...
Number of conveyancing firms continues to...
The pace of consolidation in the conveyancing market trebled in 2015 and the number of firms operating fell at the fastest rate in three years.
Local authorities causing delays to property...
The Property Codes Compliance Board (PCCB) has taken the unusual step of publicly stating its concern at the poor service provided by some local authorities,...
Conveyancing Association launches Paralegal...
A Paralegal Course has been launched by the Conveyancing Association (CA) via its online training portal, The Conveyancing Academy.
Scottish land tax proposal will produce more...
The Scottish Parliament Finance Committee has proposed to levy a 3% Land and Buildings Transaction Tax (LBTT) supplement on purchases of second properties.
Technology
Computershare to service 62% of outsourced...
Computershare, which owns the UK's largest mortgage servicer HML, has said that from next month it will service three out of every five outsourced UK mortgages.
Fitch affirms Paratus' servicer ratings
Fitch Ratings has affirmed Paratus AMC servicer ratings following a successful diversification of its business streams in the last 12 months, which Fitch...
Unisys partnership launches digital banking...
A new digital banking platform has been created to help financial institutions provide a range of secure banking services, including mortgage origination.
First three lenders integrate with LenderGateway
New mortgage software system LenderGateway has confirmed that it has signed up its first three lenders and is in talks with nine more.
All change at Monmouthshire Building Society,...
Like the city it’s based in, Monmouthshire Building Society is investing in its future. Collaborating with Mutual Vision, new systems are helping to...
We have the technology tools – use them
Lenders and brokers should ensure their technology is up to scratch to enhance relations with each other as well as customers, says Phil Whitehouse, managing...
Other
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.
Brightstar to launch sourcing system
On 1 June Brightstar is set to launch EasySource, a specialist sourcing system and case management tool for intermediaries, and its official sponsor is...
Ratesetter appoints Target as standby servicer
Target Group, the financial services outsourcing and software business, has been appointed to provide standby servicing to peer-to-peer lending platform,...
The Society of Licensed Conveyancers announces...
The Society of Licensed Conveyancers (SLC) has announced the dates and venues for the SLC Spring Road Shows for 2016.
CML has concerns on proposed FPC powers and...
The Council of Mortgage Lenders has submitted responses to two consultations that could have significant long-term effects on the UK mortgage and housing...
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