Economists and trade bodies believe that an exit from the European Union is unlikely to hit the UK mortgage market hard. The Council of Mortgage Lenders and Building Societies Association both believe existing UK mortgage regulation would be unaffected by…
On June 23rd this year the United Kingdom votes on whether we should stay in the EU – this will be the second time that the UK has held a referendum on whether we should stay in Europe, the first…
Members of Sesame network will no longer be able to call themselves ‘independent’ from next month. As part of the Mortgage Credit Directive, which comes into effect on 21 March 2016, the second charge market will become regulated. For…
Monthly remortgage lending rose to a seven-year high of £6.2bn in January 2016 according to reports, a rise of 49 per cent from £4.2bn in December 2015. This is the highest level of remortgage lending in one month since…
Data from the Council of Mortgage Lenders has revealed developments in the mortgage market created a strong boost for first-time buyers towards the end of 2015,. Lending over the whole of the fourth quarter of 2015 saw first-time buyers take…
Bath Building Society is launching mortgages for customers with spare bedrooms who can use the extra income generated by renting out a room to help towards the mortgage payment. This product allows individual applicants to borrow more by renting out…
Santander purchased Abbey National in 2004 and then saw the Abbey brand dropped from branches six years later. The Abbey name was retained on mortgage broker sourcing systems and intermediary applications, failing to reflect the Santander trade name. Santander have decided…
Several lenders have stated they are prepared for any increase in buy-to-let mortgage applications that may result from the 3 per cent tax on stamp duty due to come into force from 1st April. Chancellor George Osborne announced the measures during…
The lender left the restricted resale market around two years ago. Homes with restrictive covenants on title deeds, which specify who the property can be resold to, will be accepted by the lender. The lender is also going to offer…
Earlier this month the Bank of England’s Monetary Policy Committee voted unanimously to keep the base rate at 0.5 per cent, marking nearly seven years of unchanged rates. Bank of England governor Mark Carney said earlier this month that…
