Westmarq challenges surveying ‘duopoly’ as it targets lender business

Westmarq has challenged mortgage lenders to move more of their valuation business away from the surveying industry's dominant players as it looks to establish itself as a major alternative in the market. Richard Sexton used the official launch of...

Latest news

House price-to-income ratio falls to 11-year low as mortgage costs rise

The gap between UK house prices and earnings has narrowed to its lowest level since 2015, although higher mortgage rates have limited the benefit...

HSBC UK to examine Budget impact in intermediary economy webinar

HSBC UK will hold an economy webinar for mortgage intermediaries on 30 October, focusing on the Autumn Budget and the outlook for the UK...

Clydesdale to raise selected residential product transfer rates

Clydesdale is increasing selected residential product transfer fixed rates by up to 0.17% from Monday 5 October. The changes will affect selected two-year and five-year...

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

Green Party proposals to restrict private rent increases for three years could make it harder for buy-to-let borrowers to meet lender affordability criteria, brokers...

Firms’ confidence in FCA rises as satisfaction hits 79%

Confidence in the Financial Conduct Authority has increased, with almost eight in 10 regulated firms now highly satisfied with their relationship with the regulator. The latest FCA and Practitioner Panel annual survey found 79% of firms reported high levels...

Advice firms step up technology use as integration remains key obstacle

Financial advice firms are taking a more proactive approach to technology, but integrating new tools with existing systems remains the biggest barrier to further change, research from TFAS Compliance Services has found. Its TechForward programme found 76% of respondents...

Check launches mortgage readiness tool for prospective borrowers

Check.co.uk has added a mortgage readiness feature to its app, bringing together credit, affordability, borrowing and deposit information to help consumers prepare for a mortgage application. Mortgage Score by Check gives users a score based on a range of...

Yorkshire BS team raises £1,000 with 198km treadmill challenge

Seven Yorkshire Building Society colleagues have completed a 198km treadmill ultramarathon to raise money for the mutual's charity partnership with Felix. The Mortgage Advice Team collectively covered the distance in under 10 hours at the Society's Bradford headquarters on...

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

Why advisers can be part of the conveyancing team

There is a tendency to think the mortgage adviser’s involvement in conveyancing begins with recommending a firm and then largely ends once the client...

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...

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...

Q&As

BUY-TO-LET

Foundation team takes on Snowdon for Centrepoint

Thirty-five colleagues from Foundation Home Loans and Catalyst have completed the Snowdon Challenge to...

Lendlord adds free rent increase notice tool for landlords

Lendlord has introduced a free tool designed to help landlords prepare the Form 4A...

Meet the hosts of Mortgage’s Got Talent

As the mortgage industry prepares to swap case discussions, criteria and rates for microphones,...

Octane revives specialist buy-to-let range with loans up to £15m

Octane Capital has returned to the specialist buy-to-let market with a range offering loans...

Landlords warn higher Budget costs could feed through to rents

Almost two-thirds of landlords say they would seek to recover higher costs through rents...

Complex income must not become barrier to Scottish homeownership

Mortgage lenders need to keep adapting their criteria as changing working patterns leave growing...

The fall in BTL company formations isn’t the whole story

It is often the case with housing and mortgage market data that the headline...

FIRST-TIME BUYERS

MAB adds Gable Mortgages to lender panel

Mortgage Advice Bureau has added Gable Mortgages to its lender panel, giving its advisers access to the lender's 100% LTV proposition for borrowers without a traditional deposit. The addition is aimed at first-time buyers struggling to build a deposit, as well as home movers whose...

First-time buyer homes could cost almost £24k more by 2030

The average price paid by a first-time buyer in England could rise by almost...

LSL warns first-time buyers could pause plans ahead of new deposit scheme

LSL Financial Services has welcomed the government's proposed 2.5% deposit scheme for new-build homes,...

Higher mortgage rates put buyers in driving seat as sales fall

Higher mortgage rates have pushed buyers firmly into the driving seat, with agreed sales...

One mortgage journey no longer fits every borrower

In the mortgage market, we have lots of different ways of describing customers depending...

OPINION

Closing the protection gap starts with informed clients

Millions of people have no protection insurance coverage and could be left vulnerable in the event of a death in the family, serious illness...

Buy-to-let has matured as a market

Buy-to-let turned 30 last week, and it's a good moment for some much-needed positivity...

Network recruitment called. The 1970s want their strategy back

I spend a lot of my time looking at growth. What does it cost?...

Bank Rate holds again, but November is now firmly in focus

There may well have been a collective sigh of relief across the mortgage market when the Bank of England announced another Bank Base Rate (BBR) hold at 3.75%, particularly given just how much the inflationary picture has deteriorated since the Monetary Policy Committee (MPC)...

Harpenden’s expat move could be bigger than the numbers suggest

Harpenden Building Society’s move into expat mortgages this summer has been good news for brokers and borrowers. But I think its importance goes beyond...

DISTRIBUTION

Openwork adds Uinsure to general insurance panel

The Openwork Partnership has appointed Uinsure to its general insurance panel, giving advisers a...

LSL Financial Services names Paula Mercer as sales director

LSL Financial Services has appointed Paula Mercer as sales director with responsibility for sales...

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...

TMG adds Gable Mortgages to lender panel

TMG Mortgage Network has added Gable Mortgages to its lender panel, giving member firms...

MIMHC makes final call as charity lunch nears capacity

The Mortgage Industry Mental Health Charter (MIMHC) has made a final call for industry support with just five tables remaining for its alcohol-free charity lunch next month. Mortgageforce and Shawbrook Bank are the latest firms to back the event, which takes place at the Grand...