August 27th, 2014
Banking giant, Royal Bank of Scotland (RBS), has today been hit with a £14.5m fine by governing body the Financial Conduct Authority (FCA), as a result of “serious failings” in its mortgage sales pro... Read More
August 21st, 2014
Figures released by the Council of Mortgage Lenders (CML) have shown that remortgage activity increased in June.
The trend is set to continue due to the expectation of homeowners returning to the market to improve o... Read More
August 19th, 2014
As covered by the Financial Times, it is widely expected that the largest US banks will move their base of operations from London to Ireland, if the UK follows through with its exit from the European Union. While it is in ... Read More
August 14th, 2014
The Bank of England has confirmed that the new mortgage rules brought in by the Financial Conduct Authority will have a long-term impact on the mortgage sector, and more importantly on the number of approved mortgage appli... Read More
August 12th, 2014
Total mortgage borrowing for the second quarter of 2014 totalled £51.4bn, in figures released this week by the Council of Mortgage Lenders – some 11% higher than the year’s first quarter.
There were als... Read More
August 7th, 2014
The Bank of England have announced that they have held the base rate at 0.5%, as the attention of the world’s economic policy-makers shifts to the UK housing market, and using a base rate hike to stem the increasing... Read More
August 6th, 2014
The Financial Conduct Authority has now released the process required for all mortgage lenders to follow when assessing the loan-to-income ratio for all mortgage cases. As the press release confirms, the outline has be... Read More
August 4th, 2014
Following swiftly on from a recent decision to restrict Help to Buy funds to solely first time buyers, the Lloyds Banking Group will today confirm that the maximum level of borrowing possible for a customer utilising the H... Read More
July 30th, 2014
The results of a Halifax survey have this week revealed that home buyers confidence in the UK property market could be at its lowest in more than three years.
The annual Halifax Housing Market Confidence tracker... Read More
July 28th, 2014
Another large High Street bank has decided to impose a limit on borrowers looking to take out new mortgages. A Santander spokesperson announced a ‘loan to income’ (LTI) cap on most of its residential mortgage deals. Th... Read More
