Features
Shared ownership lease problems
Lenders need to be aware that a borrower who has a shared ownership lease can still be a liability even if they pay their mortgage each month. Paul Heeley,...
Six-year limit isn’t the end
Professional negligence does not need to be proved within six years, says Rob Evans, partner at Moore Blatch, pointing out that limitation analysis is...
Equity release – the price of success
Geoff Charles, CEO of Bower Retirement Services, dispels some myths about lifetime mortgages, as equity release figures top the £1 billion mark and the...
MFG Awards - Winners at a glance
A summary of the winners in the Mortgage Finance Gazette Awards 2015
Winners of the Mortgage Finance Gazette Awards...
The winners and those organisations that were highly commended gathered last month in London for the Mortgage Finance Gazette Awards, which recognise achievements...
The thriving world of organised mortgage...
With the continuing threat of criminal gangs perpetrating mortgage fraud, David Higginson, ID & fraud consultant for Equifax, outlines counter-fraud...
Mortgages & Housing
Longer mortgage terms double in popularity
Younger borrowers are increasingly moving towards mortgage terms longer than 25 years, the Council of Mortgage Lenders (CML) says.
Millions of "last-time buyers" planning to...
Almost 2.5 million ‘last time buyers’ plan to downsize their homes, according to new research from Prudential.
Newcastle launches new low-fee mortgage product
A new low-fee 80 per cent loan-to-value mortgage product has been launched by Newcastle Building Society.
Private renting needs the right reforms
The private rental market is expanding dramatically – and that will involve change. Soon set to provide a quarter of all homes in Britain, this market...
When rates rise
The impact on mortgages shouldn’t be the only focus when understanding a customers’ level of affordability, says Ian Renard, market development manager...
The alternative route
In the aftermath of the financial crisis alternative lenders saw opportunities emerging and gaps to fill. Short-term lenders have taken advantage and...
Arrears
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’...
Top safety accreditation for Stowe Property...
Repossession and property maintenance contractor Stowe Property Management Services Limited has been awarded accreditation from Safecontractor for its...
Tenant finances absorb record rents
Tenants have paid down rent arrears despite a new record for monthly rents in October, according to the latest buy-to-let index from Your Move and Reeds...
Triple certification success for All In group
All in Property, a contractor to the mortgage, receivership and insolvency sector, has renewed three compliance certifications.
Mortgage borrowers in ‘serious’ arrears...
Third-quarter data from Ascent Performance Group reveals the extent of debt owed by homeowners who have fallen into ‘serious’ arrears difficulty is...
Arrears and repossessions still falling
Third-quarter figures from the Council of Mortgage Lenders show a continuing fall in both repossessions and mortgage arrears.
Legal
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...
Stamp duty changes could mean inaccurate...
SortRefer, the online conveyancing portal, has changed its quotation system to reflect the changes to stamp duty announced in the Chancellor's Autumn Statement...
GroundSure improves layout of Homebuyers...
The GroundSure Homebuyers report, which is offered to solicitors and conveyancers by Searches UK, has undergone a makeover to improve the layout of the...
Searches UK enhances Buyer Protect Reimbursement...
As a pioneer of the Buyer Protect Reimbursement Scheme, Searches UK has developed its product further to cover additional costs that home buyers might...
Conveyancer search facility reduces risk
Conveyancers can now check the bank account details of a vendor’s conveyancer through a new feature on Decision First’s Lender Exchange platform.
Searches don't figure in conveyancing delays
The Council of Property Search Organisations (CoPSO) has noted with great interest the findings of research by MoveWithUs that searches do not figure amongst...
Technology
Fitch awards HML with three ratings upgrades
HML has received three ratings upgrades from Fitch in its latest round of evaluation.
EU lending regulations – Collaboration...
Adam Oldfield, Unisys FS mortgages and savings technologies, on why we’re all in it together when it comes to meeting the many new regulations affecting...
The move to intermediated business
By Paul Hunt, managing director of Phoebus Software Ltd
Equity release back on the radar
By Dave Patel, managing director of DPR Consulting
HML and Redstone reach ten-year milestone
Third-party mortgage administration company HML is celebrating ten years of servicing the mortgage portfolios of Redstone, which was set up in 2004.
Landmark Quest provides digital valuation...
Valuation and surveying firm Colleys is the first firm to adopt Landmark Quest’s brand new Q-Mobile II platform.
Other
FCA consults on complaints handling improvements
The Financial Conduct Authority is consulting with the industry on reforming the way customer complaints are dealt with and reported.
HML retains servicing contract for Amber...
Skipton Group lenders, Amber Homeloans and North Yorkshire Mortgages, have signed a five-year contract with HML who will continue servicing the lenders’...
October smashes post credit crunch record...
Secured lending in October reached £65.5 million, the highest single-month figure since October 2008, according to the Secured Loan Index, compiled by...
Moore Blatch issues free online ‘right...
Law firm Moore Blatch has produced a free, downloadable checklist on its website to help landlords having to conduct ‘right to rent’ immigration checks.
No move in Bank base rate
The Bank of England's Monetary Policy Committee has kept Bank rate at 0.5 per cent and the size of the Asset Purchase Programme at £375 billion.
Buy-to-let celebrates 18 years
As buy-to-let comes of age, a report has been released detailing the changes in buy-to-let since its 1996 introduction to the market.
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