Features
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’.
The MFG Conference Review – Part 2 –...
The second Mortgage Finance Gazette Conference had the theme of ‘The changing landscape of the mortgage market: Growth and innovation’.
Reducing risk in conveyancing
Industry experts weigh in on how training, due diligence tools and other processes are helping tackle risk in the conveyancing industry. Andy Sommerville,...
Mortgage fraud: Why the industry still needs...
New regulations and stricter lending criteria have helped to curtail mortgage fraud, but cybercrime and the activities of criminal gangs pose additional...
MFG Conference and Gala Dinner
Mortgage Finance Gazette is delighted to announce our second conference, which takes place on 17 March 2016 at the Millennium Gloucester Hotel in Kensington,...
Legal & General shakes up the lifetime...
It took Legal & General Home Finance just nine months to take one fifth of the lifetime mortgage market in the last quarter of 2015, and it has ambitious...
Mortgages & Housing
No EPCs below E after 2018
Two years from now, landlords will be required by law to ensure their properties have a minimum EPC rating of E. Maria Connolly and Alexandra Holsgrove...
Valuations and big data
Big data is changing the way we live and work and valuations is no exception. Technology and data are important parts of the supply chain, as Mark Blackwell,...
The evolution of customer interaction
By Richard Pike, sales and marketing director at Phoebus Software
Majority of landlords not worried by stamp...
Over half the UK’s buy-to-let landlords (52%) expect the stamp duty and buy-to-let mortgage tax relief change to have no real impact on them, new research...
Sharp rise in mortgage incentives
Fierce competition in the mortgage market has led to more providers choosing not to compete just on price alone but to focus on the incentive packages.
L&G Mortgage Club launches Government...
Legal & General Mortgage Club has created a Government Housing Schemes Matrix for brokers, which gives an overview of what each government scheme offers.
Arrears
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...
Irish arrears are high but repossessions...
Pressure from Europe means lenders in Ireland must tackle their arrears and are looking to lessons learned in the UK. Raymond Lamb, associate at McDowell...
Legal
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.
Lenders and their conveyancer panels
Jaunita Gobby, managing director of Legal Eye, explains why lenders continue to take steps to ensure that their legal panel has the correct policies and...
Technology
Mortgage fraud: Why the industry still needs...
New regulations and stricter lending criteria have helped to curtail mortgage fraud, but cybercrime and the activities of criminal gangs pose additional...
Why it is time the property sector embraced...
By Mark Blackwell, lending and services director at eTech Solutions
Successful start for ConveyancingBrain
More than 500 brokers and financial advisers have adopted Mortgage Brain’s new conveyancing service, ConveyancingBrain, since it launched at the end...
FCA to re-evaluate digital and mobile regulation
The Financial Conduct Authority is to re-evaluate regulatory definitions on the use of digital and mobile solutions following a call for feedback that...
Achieving growth through IT in the digital...
IT solutions play an integral part in the running of any business, and by embracing innovation it can transform the digital infrastructure and offer companies...
Disaggregation: the springboard for lending...
Ian Larkin, co-group CEO at Target Group, extols the virtues of a business strategy that involves using a mix of in-house expertise and outsourcing other...
Other
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...
Kent Reliance launches mortgage for one year...
Specialist lender Kent Reliance has enhanced its criteria for the self-employed and will now consider standard residential mortgage applications from professionals...
The Nottingham launches seven-year fix
A unique seven-year fixed-rate mortgage has been launched by the Nottingham Building Society.
Precise Mortgages MCD upgrade completed
DPR Consulting has completed a systems upgrade for Precise Mortgages, providing full compliance with the European Mortgage Credit Directive.
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