Up to 447,936 customers of Lloyds Banking Group were affected by a data breach caused by an IT glitch that briefly exposed transaction details to other users, according to a letter published by the Treasury Select Committee.
The incident,...
The government has secured fresh commitments from major lenders to step up engagement with mortgage customers as fixed-rate deals come to an end.
The Chancellor,...
United Trust Bank (UTB) has introduced a series of service and criteria changes across its residential mortgage and second charge ranges aimed at cutting...
Foundation has returned to the market with a revised product range across both buy-to-let and residential lending, following a temporary withdrawal earlier this week.
The...
Buckinghamshire Building Society has launched a new discounted rate mortgage range, giving brokers greater flexibility to support clients across a wide range of circumstances, from first-time buyers to experienced landlords.
The refreshed range spans first-time buyer, Credit Revive, Credit...
Norton Home Loans has completed its first case with Mortgage Advice Bureau since joining the network’s lender panel late last year, supporting the purchase of a flat above commercial premises bought at auction.
The specialist lender said the case...
The Financial Conduct Authority will join advisers, lenders and industry figures in Bristol next month as the later life lending sector considers the implications of the regulator’s newly launched Later Life Mortgages Market Study.
Thomas Francis, manager of the...
A new government-backed deposit scheme could provide a route onto the housing ladder for up to one million first-time buyers, according to analysis from the Resolution Foundation.
The think tank’s latest report examines the sharp decline in home ownership...
For many years, success in the mortgage market was built off efficiency.
If a broker understood the mainstream lending landscape, packaged cases well and kept...
According to RICS, the average qualified surveyor is in their mid-fifties. Couple this with new entrant numbers failing to keep pace with retirements, and...
Regulatory change is no longer something firms respond to periodically. It is now a permanent feature of the landscape. Whether it is capital treatment...
Earlier this month I attended the Abundance 360 summit in Los Angeles, Peter Diamandis’s annual gathering of entrepreneurs, scientists, tech CEOs and investors who are,...
New rules forcing developers to install solar panels and low-carbon heating systems on most new homes could push up property prices and borrowing needs as lenders and brokers brace for higher build costs feeding through into the mortgage market.
The Government has confirmed that under...
Nikhil Rathi, chief executive of the FCA, recently gave a clear indication that the regulator now views equity release as a mainstream option for supporting Britain's ageing population – rather than merely a product of last resort.
In a wide-ranging interview on the Fairer Finance...
Mortgageforce chief executive Kevin Duffy has urged brokers and borrowers to take a measured view of recent mortgage market volatility warning that short-term product withdrawals and rate movements should not be mistaken for a long-term shift in pricing.
His comments come as a number of...
