Budget U-turns and tax shocks dominate expert webinar

The Autumn Budget’s confused signalling, long lead times and heavy hit on property investors have left the housing market braced for years of volatility. Measures announced by the Chancellor - including a delayed mansion tax and sharp income-tax increases...

Latest news

Property deals edge higher but non-residential market still lagging

UK property transactions picked up in October, with residential activity reaching its strongest level since the spring according to the latest HMRC data. Seasonally adjusted...

Yorkshire Building Society brings mortgage brands under one division

Yorkshire Building Society is consolidating its mortgage operations into a single Homes division in an effort to simplify processes and improve service across its...

Shawbrook increases loan-to-income ratio to 5.5x across TML and Bluestone

Shawbrook has increased its maximum loan-to-income ratio from 4.5x to 5.5x income, extending the higher limit across both The Mortgage Lender and Bluestone Mortgages...

Mortgage Brain expands customer success team with two new hires

Mortgage Brain has strengthened its customer success team with the appointment of Richard Bethune-Wright and Ashley Cope, following strong demand for its newest suite...

HTB completes refinance in race to beat bridging deadline

Hampshire Trust Bank has delivered a £400,000 refinance for an experienced landlady in Egham, enabling the repayment of an existing bridging loan just before expiry and avoiding substantial penalties. The case, introduced by Kuldip Shokar of Karaya Capital, involved...

Charles Randell joins Fairer Finance advisory board

Former FCA chair Charles Randell CBE has been appointed to Fairer Finance’s Consumer Advisory Board, strengthening the group’s independent oversight of its research and policy work. Randell (pictured), a former chair of both the Financial Conduct Authority and the...

HSBC UK passes £500m milestone in broker-led SME lending

HSBC UK has more than doubled its broker-originated SME lending this year, passing the £500 million mark as it steps up its investment in the intermediary market. The bank confirmed the figure at the NACFB Commercial Lender Awards in...

Nearly half of lenders admit servicing teams are unprepared for rising borrower pressures

Lenders’ own servicing teams are not ready to support borrowers as economic conditions worsen, according to new findings unveiled at the inaugural Future of Mortgage Servicing Conference, hosted by Target Group, Phoebus Software and the Financial Services Forum...

PROFILE

Gareth Lewis on leading MT Finance through a changing landscape

Gareth Lewis has spent the past seven years at MT Finance, guiding the specialist lender through periods of significant market turbulence and expansion. In a...

INDUSTRY COMMENT

AUTUMN BUDGET: Further damage to buy-to-let investors

Yesterday’s Budget represented yet another decisive step in the dismantling of the traditional buy-to-let sector. The Government has chosen to tighten the tax screw on...

AUTUMN BUDGET: Much ado about nothing… Thank goodness

The Keystone Cops were out in force yesterday in the Commons, as exemplified by the OBR’s involuntarily (we suppose) leaking of the Budget before...

Brokers need more lender choice to meet real-life borrower needs

With more borrowers falling outside traditional lending criteria, brokers need a wider range of lenders than ever before to serve a growing range of...

Q&As

BUY-TO-LET

AUTUMN BUDGET: Treasury summary

This is the executive summary from the Treasury's full Budget document. This Budget takes the...

AUTUMN BUDGET: Landlord gloom as Budget raises income tax on property profits

Landlords are set to see an increase in their tax bills following the Chancellor’s...

Word On The Street secures £5.6m GB Bank buy-to-let refinance

Word On The Street has arranged a £5.6m buy-to-let refinance with GB Bank for...

Accord Mortgage cuts buy-to-let rates

Accord Mortgages is reducing rates on its buy-to range this week by up to...

Older renters face rising retirement costs, warns Suffolk Building Society

Suffolk Building Society has highlighted the mounting financial pressure on older renters, warning that...

The Furness broadens proposition with new holiday let and high LTV options

Furness Building Society has updated its holiday let range and introduced new products at...

Equity withdrawal for portfolio expansion reaches highest level since records began

Landlords remortgaging in the first half of the year withdrew £1.94 billion in equity...

Semi-commercial and HMO assets see rising demand among professional landlords

Shawbrook has reported a marked rise in interest in semi-commercial property from professional landlords,...

MORTGAGE MINGLE PODCAST

NEWSLETTER SIGNUP

FIRST-TIME BUYERS

First-time buyer affordability improves as wages rise and mortgage rates ease

First-time buyers are seeing the most favourable affordability conditions in almost a decade, according to new research from Lloyds. A combination of slower house price growth, rising wages and lower mortgage rates has pushed the typical price-to-income ratio for a first home down to five...

AUTUMN BUDGET: Ch-ch-ch-ch-changes… NOT

After the delay of the Budget to 26 November and all the leaks, there...

Lloyds Banking Group expands support for first-time buyers with £1bn extra lending

Lloyds Banking Group is widening access to higher loan-to-income borrowing for new buyers by...

Aldermore calls for stamp duty holiday and revival of Help to Build

Aldermore has called for an 18-month Stamp Duty holiday for buyers of new homes...

Afin Bank raises LTV to 95% and cuts rates across Prime and Professional ranges

Afin Bank has increased the maximum loan to value on its Prime and Professional...

OPINION

AUTUMN BUDGET: Still ducking the housing question

The Chancellor set out to fix an economy that is not working well enough for working people, talking about high bills, squeezed living standards...

AUTUMN BUDGET: Affordability remains the key to activity

After all the speculation, this Budget offered little for the housing market. No stamp duty...

NO FILTER: MAB’s relentless founder on risk, resilience and reinvention

Peter Brodnicki, co-founder and long-serving chief executive of Mortgage Advice Bureau (MAB), has spent...

Past 6 to 7: the story behind our new lending limits

6,7, the viral ‘slang’ term accompanied by a two-handed palm up gesture being used by kids to mean so-so, maybe this-maybe that, or just something completely nonsensical, that continues to annoy parents, teachers, sports coaches and more has made its way to Teachers Building...

Council Tax revaluation plan risks unsettling market

Revaluing properties in the top three council tax bands could prove costly and disruptive. The proposal highlights how backbench politics is driving this week’s...

DISTRIBUTION

Right Mortgage Network launches Business Leaders Risk Forum

The Right Mortgage & Protection Network has announced its first Business Leaders Risk Forum,...

UTB and Brightstar deliver £200k second-charge refurb loan to keep home extension on track

United Trust Bank (UTB) and Brightstar Financial have completed a £200,000 regulated second-charge light...

Hanley Economic launches advanced stage payment self-build mortgage with BuildLoan

Hanley Economic Building Society has introduced a two-year interest-only self-build variable discount mortgage with...

AFIG launches nationwide Broker Club for specialist finance brokers

AFIG Ltd has launched the Broker Club, a new initiative designed to reshape the...

Norton Home Loans joins MAB lender panel to support complex borrowing needs

Norton Home Loans has joined the Mortgage Advice Bureau lender panel, giving advisers across the network access to its full range of specialist first charge mortgage products. The agreement is now live for MAB members nationwide. Norton, which has more than 50 years of experience in...