FTAdviser.com

Newcastle considers 95% plunge

Story by: David Pawsey and Catherine Couch , Mortgage Adviser

Newcastle Building Society could follow Scarborough Building Society's return to the 95 per cent loan-to-value market.

• Time published: 00:01
• Date published: 23.07.2008
• Published in: Mortgages

Insurance firm fined £35,000 by FSA

An insurance firm has been fined £35,000 by the Financial Services Authority (FSA) for for failing to ensure suitable mortgage advice was given to customers and failing to organise its business responsibly.

• Date published: 23.07.2008

Advisers diversify to race for the prize: PAA

Mortgage advisers are demonstrating a strong desire to diversify their service in a bid to maximise revenue during the current market turmoil, according to PAA Leads.

• Date published: 23.07.2008

Make it Easier on your quote

Easier2move has launched a service allowing advisers access to hassle-free conveyancing quotes.

• Date published: 23.07.2008

Grey to give more cover

Bright Grey has increased the maximum amount of life cover it provides as part of a number enhancements to its personal protection proposition.

• Date published: 23.07.2008

Brain upgrade goes to the source

Mortgage Brain has rolled out a new version of its mortgage sourcing system.

• Date published: 23.07.2008

FSA crackdown goes north of the border

The FSA crackdown on sub-standard mortgage advice continued last week as the regulator banned four brokers, including two from the same firm.

• Date published: 23.07.2008

Discounts blind clients to rate shock

Payment shock is exacerbated by lenders offering too greatly discounted products, CHL Mortgages has claimed.

• Date published: 23.07.2008

Public loses £83 a month with advisers

Homeowners could pay up to £83 more a month for a mortgage secured through an adviser than direct from a lender, according to Home Buyer Systems.

• Date published: 23.07.2008

Fixed rates failing in competitive stakes

Fixed rates are becoming increasingly less competitive due to lenders' funding costs, research from online mortgage comparison company Mform has shown.

• Date published: 23.07.2008

Majority struggle to place business

Seven out of 10 advisers have found it more difficult to source loans in the current market, according to the Intermediary Mortgage Lenders Association.

• Date published: 23.07.2008

Slowcoach gov't must hurry up: CML

Delayed government action could result in funding issues continuing for longer than necessary, the Council of Mortgage Lenders has warned.

• Date published: 23.07.2008

Eq release keeps head above water

Equity release providers have bucked the market trend by reporting a 14 per cent increase in business in the last three months compared with the first quarter of 2008.

• Date published: 23.07.2008

Wheel good town

Two-thirds (67 per cent) of market towns have a higher average house price than the neighbouring towns in their county, according to the Halifax Market Town Review.

• Date published: 23.07.2008

Labour launches Rent to Home Buy

First-time buyers have been given another option to get on the housing ladder with the launch of the government's Rent to Home Buy scheme.

• Date published: 23.07.2008

Profits as expected for Paragon

Paragon continued to operate profitably and in line with management expectations during the third-quarter of the lender's financial year, a trading statement to the City revealed.

• Date published: 23.07.2008

Coventry confident of market share growth

Coventry Building Society has announced an increase in its market share due to growth in its retail deposits.

• Date published: 23.07.2008

B&B pushes rights issue through

Bradford & Bingley's resolved rights issue could help restore some confidence in the market, according to industry experts.

• Date published: 23.07.2008

HBoS share excess hits market

Approximately £3.6bn of HBoS shares have been made available to the stock market as more than 90 per cent of shares remained unsold in its rights issue.

• Date published: 23.07.2008

Lenders must ensure repayment works: adviser

Lenders could be leaving themselves open to manipulation on interest-only mortgages as checks on repayment vehicles are not sufficient, according to an adviser.

• Date published: 23.07.2008

Cheshire to go bespoke

Cheshire Building Society is looking at creating bespoke mortgage products for intermediaries.

• Date published: 23.07.2008

A&L is 'committed' to adviser market

Alliance & Leicester has taken steps to reaffirm its commitment to the intermediary sector following Santander's offer for the lender.

• Date published: 23.07.2008

Scarborough launches 95 per cent LTV mortgage

Scarborough Building Society has announced a 95 per cent loan-to-value (LTV) mortgage.

• Date published: 18.07.2008

HBoS lowers mortgage rates again

Halifax Bank of Scotland (HBoS) is to reduce its mortgage rates for the second time in seven days.

• Date published: 18.07.2008

Mortgage lending falls by a third

Mortgage lending has fallen by almost a third in the last 12 months, the latest Council of Mortgage Lenders (CML) figures have shown.

• Date published: 18.07.2008

FSA continues crackdown, banning yet another broker

Another East London broker has been banned by the Financial Services Authority (FSA) for his involvement in mortgage fraud.

• Date published: 17.07.2008

Coventry increases liquidity

Coventry Building Society has increased its liquidity levels by 2 per cent in the last six months.

• Date published: 17.07.2008

B&B shareholders approve rights issue

Bradford & Bingley's (B&B's) shareholders have voted in favour of a 55p enlarged rights issue.

• Date published: 17.07.2008

Equity release business increases 14 per cent

Equity release providers have bucked the market trend by reporting a 14 per cent increase in business in the last three months, compared with the first quarter of 2008.

• Date published: 16.07.2008

Majority of advisers struggling to source loans

Seventy per cent of advisers have found it more difficult to source loans in the current market, according to the Intermediary Mortgage Lenders Association (IMLA).

• Date published: 16.07.2008

CML outlines repo facility to kick-start markets

A blueprint to address the funding problems in the mortgage market has been drawn up by the Council of Mortgage Lenders (CML).

• Date published: 15.07.2008

Buyers returning to housing market: Rics

Buyers began to return to the housing market in June in search of a bargain, as the average number of transactions hit a 30-year low.

• Date published: 15.07.2008