Lenders

Welcome Finance to withdraw from intermediary market

FTAdviser latest:Cattles to close intermediary operation

Story by: Joe McGrath, FTAdviser

Welcome Finance, the second charge mortgage lending arm of Cattles, is to withdraw completely from the intermediary market at the end of January, Money Management understands.

  • Time published: 11:27
  • Date published: 09.01.2009
  • Published in: Mortgages

Lenders race to pass on rate cut

Abbey, HSBC, Nationwide, Royal Bank of Scotland (RBS) and Lloyds TSB and Cheltenham & Gloucester have been quick to announced that they will be passing on today's reduction in the base rate to customers in full.

  • Date published: 08.01.2009

Bank of Ireland closes intermediary operation

Bank of Ireland is to withdraw from the UK intermediary mortgage market with immediate effect, Money Management can reveal.

  • Date published: 08.01.2009

Islamic Bank of Britain targets intermediaries

The Islamic Bank of Britain has launched a dedicated website targeted at mortgage advisers and IFAs.

  • Date published: 08.01.2009

Lending figures down 51% since last year

Gross mortgage lending has more than halved in the last year, according to the Council of Mortgage Lenders.

  • Date published: 08.01.2009

Rics: House prices to fall a further 10%

House prices are set to fall a further 10 per cent in 2009 but sales are set to increase by just as much, according to the Royal Institution of Chartered Surveyors.

  • Date published: 08.01.2009

Rock shareholders plan protest ahead of hearing

Disgruntled Northern Rock shareholders plan to tour London on a hired bus this month drumming up support for their legal action for compensation against the government.

  • Date published: 08.01.2009

Lloyds and C&G will pass on rate cuts to as low as 0%

Lloyds TSB and Cheltenham & Gloucester (C&G) has pledged to pass on any and all Bank of England (BoE) base rate cuts to existing variable and tracker customers, "until product rates reach 0 per cent".

  • Date published: 07.01.2009

1,000 jobs to go at Cattles

Welcome Finance, the intermediary lender of Cattles plc, is to further reduce lending volumes and agency numbers after its parent company announced job losses affecting 20 per cent of the workforce.

  • Date published: 07.01.2009

Savills and Tiuta launch pre-agreed bridging facility

Tiuta, a UK bridging loan company, has joined forces with Savills Lending Solutions to launch a product aimed at property owners looking to take advantage of current housing market opportunities.

  • Date published: 06.01.2009

Features

Looking beyond the mortgage sector's annus horribilis

Lenders will be glad to say goodbye to 2008, but continued uncertainty remains for the New Year

  • Time published: 00:01
  • Date published: 08.01.2009

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Features

A&L comes to the rescue

Insider

  • Time published: 00:01
  • Date published: 08.01.2009

News Analysis

Funding hope for specialist lender

Alchemy-owned Swift sets out development plans

  • Time published: 00:01
  • Date published: 01.01.2009

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