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Buy to let has got the backing of numerous lenders as the growth area for 2011, with Kensington putting up its buy-to-let LTV to 85%, and Yorkshire and Abbey reported to be entering the sector.
Another high-profile lender, Scottish Widows Bank, has pulled out of the lifetime equity release market.
Part-exchange, where a homeowner sells at a discount to a developer in exchange for a good deal on a new-build home, could be about to take off.
Other Broker board articles
Q. One of the questions you must be asked the most is how much lending Santander plans to do this year compared to 2010? Also, with 40 or so BDMs working for you, I’d be interested to hear what kinds of issues brokers usually contact Santander about.
AToM has claimed the packaging market has turned a corner and is on the road to recovery, with lenders beginning to increase their appetite to lend through packagers once more.
Rate reductions, competitive fees and relaxation of the face-to-face interview requirement all signal the Bank of China's greater enthusiasm to lend in the buy-to-let and residential mortgage sectors this year, said Solent Mortgage Services (SMS).
Lenders have predicted that demand for home loans will continue to fall in the first quarter, as home buyers remain cautious.
Despite tight lending conditions, the battle for market share will bring better products for first-time buyers, young professionals and families with little equity, predicts an estate agency firm.
The UK economy will escape a "double dip" next year, but households face a tight squeeze on living standards, according to the Confederation of British Industry (CBI).
The number of borrowers buying a fixed rate rose for the fourth month in a row to 65.7%, suggesting consumers are taking a defensive stance despite the relatively low interest rate outlook.
Research by Lloyds TSB has revealed 57% of British banking customers are more confident about managing their finances than ever before.
Leeds Building Society has launched a direct-only two-year discount mortgage at 2.54% available up to 70% LTV.
Unemployment rate has increased to 7.9% for the three months to October, up 0.1% on the quarter, according to latest figures from the Office for National Statistics (ONS).
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