House prices stall as mortgage costs and Budget uncertainty weigh on market

UK house prices were unchanged in September as higher mortgage rates and wider economic uncertainty continued to constrain activity, according to the latest Lloyds House Price Index. The average property price edged up from £298,395 in August to £298,441,...

Latest news

TPFG buys 25% stake in property and mortgage AI business Enteka

The Property Franchise Group (TPFG) has taken a 25% stake in Enteka AI as it seeks to increase the use of artificial intelligence across...

Property professionals back homebuying reforms, CSS poll finds

More than three-quarters of property professionals believe proposed changes to the homebuying and selling process will have a positive impact, according to a poll...

Accord cuts buy-to-let rates by up to 0.43%

Accord Mortgages is reducing selected buy-to-let rates by up to 0.43 percentage points, with the largest cuts aimed at landlords borrowing at 80% LTV. The...

Mortgage Brain embeds LMS conveyancing service into CRM Brain

Mortgage Brain has integrated the LMS Select conveyancing platform directly into CRM Brain, allowing brokers to obtain quotes, instruct law firms and track referrals...

Remortgage activity rebounds as higher rates weigh on home purchases

Remortgage applications returned to annual growth in the third quarter, helping to offset a sharper decline in mortgage activity among home buyers, according to Stonebridge. The mortgage and protection network's Mortgage Market Index showed overall applications fell 7.7% year-on-year...

Wider mortgage options put borrower circumstances in focus on Lenders Live

Borrowers with historic credit problems and smaller deposits have more routes to explore, but understanding which lenders can help remains central to the advice process. That was a recurring theme in the latest edition of Knowledge Bank’s Lenders Live,...

Christodoulides joins ConveyBuddy as head of distribution

Former NatWest national account manager Luke Christodoulides has joined ConveyBuddy as head of distribution. Christodoulides (pictured, left) takes up the newly announced role after more than 22 years with NatWest, where he held a series of intermediary-facing sales and...

MorganAsh adds BSL translation to customer websites

MorganAsh has introduced British Sign Language translations across its corporate website and itswhoiam.me consumer portal through a partnership with accessibility specialist Signly. Visitors to the two websites can request a free BSL translation of any webpage, with completed translations...

SPONSORED CONTENT

Why a BDM should be seen as an extension of a broker’s business

Business development managers (BDMs) have long played an important role in the relationship between lenders and brokers. Traditionally, much of that relationship has centered around...

PROFILE

Buy-to-let at 30: the mortgage that changed Britain’s housing market

John Heron helped create buy-to-let when landlords had almost nowhere to turn for finance. Thirty years later, he and Paragon Bank's Louisa Sedgwick reflect...

INDUSTRY COMMENT

I’m 49. My dad’s 73. Between us we’ve found the hole in later life lending

I turn 50 in December, and the marketing has already started. Funeral plans, over-50s life cover, “guaranteed acceptance” adverts wedged between the football highlights....

Buying scale was phase one. What happens next?

Mortgage distribution is in a race for scale. Capital wants market share. Consolidators want distribution. Networks want advisers. Good businesses are commanding serious valuations. If I...

Q&As

BUY-TO-LET

AI used by more than half of consumers considering complaints

More than half of consumers who made or considered making a formal complaint about...

Landlord portfolios expand as average rental yields reach 7.9%

Professional landlords are continuing to expand their portfolios despite higher mortgage costs, with the...

Rely steps in after lender rejects first-time landlord application

Rely has provided a £160,000 buy-to-let mortgage to a first-time landlord after another lender...

Simplybiz Mortgages and FIBA add six lenders to specialist panel

Simplybiz Mortgages and the Financial Intermediary & Broker Association have expanded their Specialist Property...

Green rent cap plan could squeeze buy-to-let affordability

Green Party proposals to restrict private rent increases for three years could make it...

LendInvest removes ERCs and cuts rates across buy-to-let tracker range

LendInvest has revamped its buy-to-let tracker mortgage range, removing early repayment charges and increasing...

CHL Mortgages webinar to examine tax issues affecting landlords

CHL Mortgages is to host a webinar for brokers examining how lender fees, refurbishment...

FIRST-TIME BUYERS

Side hustles helping first-time buyers reach deposit targets sooner

Almost two-thirds of prospective first-time buyers are using additional sources of income to help fund a property purchase, according to research from Mojo Mortgages. The survey found that 64% are supplementing their main income through activities including freelance work, delivery driving, online tutoring and selling...

Skipton raises maximum income multiple to 6x

Skipton Building Society has increased the maximum loan-to-income multiple available through its LTI Booster...

Sub-5% mortgage fixes virtually wiped out as rates surge

The number of sub-5% fixed mortgage deals has collapsed by 99% since the beginning...

The Leeds highlights £165k mortgage borrowing potential for buyers earning £30k

Leeds Building Society is urging brokers to consider the mortgage options available to lower-paid...

First-time buyer affordability remains strained despite narrowing house price gap

Only 12.1% of potential first-time buyers can afford the average starter home in their...

OPINION

Slow completions are costing brokers. Five steps can help protect their pipelines

Through my conversations with mortgage brokers, and Landmark’s work across the wider home-moving process, I see the same pattern repeatedly. Once a mortgage has...

The industry needs to prepare now for Your First Home

The government’s announcement of the Your First Home scheme is genuinely positive news, and...

Why advisers can be part of the conveyancing team

There is a tendency to think the mortgage adviser’s involvement in conveyancing begins with...

Why the AI revolution could be a golden age for financial advice

Every major technological shift creates the same debate: will it empower professionals to do more, or eventually replace them? Artificial intelligence is simply the latest example and across financial services, AI has quickly become one of the most discussed topics in boardrooms, adviser firms and...

Should mortgage advisers consider the emerging secondary market for life policies?

Mortgage advisers regularly help clients navigate major life changes. While much of the focus is naturally on borrowing, refinancing and insurance, there is another...

DISTRIBUTION

The Monmouthshire expands mortgage platform pilot to more intermediaries

Monmouthshire Building Society has widened the intermediary pilot of its new mortgage origination platform,...

TMG adds Beagle Street to protection panel

TMG Mortgage Network has expanded its protection panel with the addition of life and...

BetterHome Group UK appoints Anthony Glasgow as chief operating officer

BetterHome Group UK has appointed former Connells Group executive Anthony Glasgow as chief operating...

MAB adds Gable Mortgages to lender panel

Mortgage Advice Bureau has added Gable Mortgages to its lender panel, giving its advisers...

Brilliant Solutions joins Equity Release Council as later life market broadens

Brilliant Solutions has joined the Equity Release Council as the mortgage club and specialist distributor looks to strengthen its involvement in the later life lending market. The firm works with mortgage advisers across the UK, providing access to a range of lenders and products, and...