August sees 15% fall in second charge lending: FLA

By: ameer@trustedteam.com

Second charge mortgage lending fell by 15% in August compared to the same period last year, new figures from the Finance & Leasing Association (FLA) reveals. However, this figure is...

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Aldermore reduces landlord, resi rates by up to 65bps  

By: ameer@trustedteam.com

Aldermore has relaunched a range of products across its landlord and residential mortgages for new and existing customers by up to 65 basis points.   ...

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Mortgage fraud risk rose this summer, CoreLogic finds

By: ameer@trustedteam.com

Mortgage fraud risk ticked up this summer when mistakes were more costly because of the high rate, purchase-heavy market, CoreLogic found.The firm's National Mortgage Fraud Report showed the risk...

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Pexa agrees £31m Smoove takeover

By: ameer@trustedteam.com

Australian homemoving hub Pexa has agreed to buy rival Smoove for £30.8m in a move that will boost its footprint in the UK marketplace.   ...

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Damning HBF report reveals extent of England’s housing crisis

By: ameer@trustedteam.com

England is now the most difficult place in the developed world to find a house, a damning new report reveals. Analysis from the Home Builders Federation (HBF) also shows properties...

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Virgin Money and Clydesdale Bank relax LTI rules  

By: ameer@trustedteam.com

Virgin Money and Clydesdale Bank have relaxed loan-to-income ratios, giving customers access to higher borrowing multiples.   The firms, which are both part of the Virgin Money group, say contractors are...

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Virgin Money and Clydesdale Bank loosen LTI rules  

By: ameer@trustedteam.com

Virgin Money and Clydesdale Bank have relaxed loan-to-income ratios, giving customers access to higher borrowing multiples.   ...

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HSBC announces more cuts to resi and BTL rates

By: ameer@trustedteam.com

HSBC has announced more rate cuts across its residential and buy-to-let (BTL) range of products. The high street bank is reducing resi rates by 0.15% on average (between 0.10% and...

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Metro Bank shares plunge 27% over fundraising concerns  

By: ameer@trustedteam.com

Shares in Metro Bank have plunged by more than a quarter after reports that the lender is in talks with investors to raise up to £600m to bolster its...

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LendInvest cuts resi rates by up to 45bps, launches 90 LTV product  

By: ameer@trustedteam.com

LendInvest has cut rates on residential home loans by up to 45 basis points and has brought back its 90% loan-to-value product.   The mortgage platform’s residential loan rates now...

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