Mortgage lenders expect slowdown despite Q2 rise in demand

Demand for mortgages increased during the second quarter of the year, although lenders expect activity to slow over the next three months, according to the latest Credit Conditions Survey from the Bank of England. Lenders reported that demand for...

Latest news

Air makes Academy free to access

The later life lending platform, Air Club, has announced that Air Academy is now free to access for all members. It hopes the move will...

The Tipton & Coseley launches 90% LTV for expats

Tipton & Coseley Building Society has added a selection of 90% loan to value (LTV) products to its expat residential mortgage range. There are two...

Almost half of FTBs feel under pressure from social media

New data from Mojo Mortgages reveals 45% of UK first-time buyers feel under pressure from social media during their home buying journey. The Mojo Mortgages...

Market Harborough BS revamps broker support

Market Harborough Building Society has restructured its broker support model - giving brokers their own dedicated support team, with a named, decision-making unit aligned...

Foundation reintroduces pound-for-pound remortgage product

Foundation has reintroduced its F1 pound-for-pound (£4£) remortgage product and reduced rates across its residential and buy-to-let product transfers. The lender has relaunched its F1 pound-for-pound (£4£) remortgage-only two-year fixed rate at 3.99% to 75% loan-to-value, with a 4%...

Paymentshield boosts sales team

Paymentshield has made a series of sales appointments, in a move it said reinforces its focus on helping advisers in their day-to-day roles. As part of the changes, Alistair Brown has been promoted to head of national sales and...

Key Partnerships urges advisers to raise standards

Firms referring customers for later life lending advice must place greater focus on best practice standards to ensure good customer outcomes, Key Partnerships has warned. Key Partnerships, the referral and partnerships business of Key Group, said the continuing effects...

Together appoints corporate affairs director

Specialist lender Together has appointed Kate Grimoldby as its new corporate affairs director, reporting to chief financial officer, Chris Adams. She joins from THG PLC where she was director of investor relations and strategic projects and responsible for developing...

PROFILE

Steve Caruthers on understanding how lenders operate

Last year mortgage technology specialist Fignum appointed Steve Carruthers as growth director, signalling its intent to scale its operations and deepen its role as...

INDUSTRY COMMENT

A new PM brings a new opportunity to rethink housing policy

Politics, as it seems to do in recent times, has moved at remarkable speed over the last couple of weeks. In what feels like...

New product launches bring renewed competition to protection market

The protection market has seen a flurry of product launches in recent weeks, with Beagle Street and Guardian bringing much needed change and innovation...

With great power comes great responsibility

There has been a huge amount in the press about the “feudal” system of leasehold and how the government’s revitalised commonhold will fix all...

Don’t rein me in

For many years, major financial institutions and large retailers have understood the benefits of presenting their customers with complementary products alongside their core offering. Banks...

More questions now surround the home moving digital journey

The Ministry of Housing, Communities and Local Government (MHCLG) has published its highly anticipated Home Buying and Selling Reform Roadmap, representing the most aggressive...

Stability has value: why the latest Bank Base Rate hold matters

The Bank of England's decision to maintain Bank Base Rate (BBR) at 3.75% may not have generated the excitement that often accompanies a rate...

Q&As

BUY-TO-LET

LendInvest launches semi-commercial BTL lending products

LendInvest has launched a new semi-commercial proposition within its range of buy-to-let products. The lender’s...

Paragon Bank launches £1,000 cashback deal

Paragon Bank is offering £1,000 cashback across 21 products within its buy-to-let mortgage range. The...

The Mortgage Works cuts switcher rates for existing landlords

The Mortgage Works has reduced rates across selected buy-to-let and limited company buy-to-let switcher...

Industry leaders unite behind MIMHC Lunch

HSBC UK, Virgin Money, Nottingham Building Society, Landbay and top broker firms Mortgage Advice...

Keystone passes £2bn in securitisation issuance with sixth Hops Hill deal

Keystone Property Finance has completed its sixth securitisation, taking total issuance under its Hops...

Fleet Mortgages expands buy-to-let range with new products and lower rates

Fleet Mortgages has introduced new buy-to-let products, reduced rates across its Standard, Limited Company...

Coventry for intermediaries cuts fixed rates across residential and buy-to-let range

Coventry for intermediaries has cut rates across its fixed mortgage range, with reductions available...

Family Building Society launches BoE tracker mortgages

Family Building Society has launched a new range of Bank of England tracker mortgages...

NEWSLETTER SIGNUP

FIRST-TIME BUYERS

Buyer demand falls 15% year-on-year

Political uncertainty and higher borrowing costs have led to a 15% year-on-year fall in buyer demand across the UK, according to Zoopla’s latest House Price Index. A change of Prime Minister and uncertainty ahead of the Autumn Budget have added to the slowdown, with sales...

Political clarity should benefit homebuyers

It’s been another positive week for the mortgage market, with lenders continuing to reduce...

Nationwide cuts mortgage rates for third time this month

Nationwide Building Society has reduced mortgage rates by up to 0.25 percentage points across...

Gen H and Just Mortgages tool to help shared ownership borrowers move to full ownership

Just Mortgages and Gen H have introduced a new calculator designed to help shared...

Mortgage rates have surged since Brexit vote, says L&C

The cost of borrowing has risen sharply in the decade since the UK voted...

OPINION

If you motivate an idiot you just get stupid things done quicker

There's a lot of excitement about artificial intelligence in the mortgage industry right now. Nearly nine in 10 mortgage brokers want technology to play...

AI for brokers: the three lines you should never cross

Most AI advice aimed at advisers is either breathless hype or vague caution. Here...

Hobson’s Choice: Which root canal treatment would you prefer, Sir?

Now that Andy Pandy from ‘oop norf’ is de facto the Prime Minister elect...

Buy-to-let: reality versus a much-peddled narrative

Every few months, it seems, another report emerges suggesting buy-to-let no longer stacks up as an investment proposition. The headlines are often dramatic, the conclusions definitive, and the message largely the same: investors would be better off putting their money elsewhere. Often, the argument comes...

A week of progress and reassurance

The past week has brought further reassurance for borrowers. With the Bank of England holding the base rate as expected and inflation remaining steady...

DISTRIBUTION

AR market consolidates as revenues rise despite fewer principal firms

The UK's appointed representative market is becoming more concentrated, with fewer principal firms overseeing...

Fintel chair and TMG chief rescue Rotherham United Women

Rotherham United Women Football Club has been rescued from the brink of extinction after...

TRM Network promotes Amy Wilson to new propositions role

The Right Mortgage & Protection Network has promoted Amy Wilson to the newly created...

Nomo joins Paradigm panel to expand access to GCC property investors

Shariah-compliant property finance provider Nomo has joined the lender panel of Paradigm Mortgage Services,...

L&G Mortgage Club appoints key relationship manager

L&G Mortgage Club has appointed Gurpreet Chahal as key relationship manager to support broker partnerships and collaboration across the intermediary market. Chahal (pictured) will act as a senior contact for networks, clubs and key intermediary partners, with responsibility for managing and developing strategic relationships and...