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Reasons to be cheerful
MAB: January mortgage apps up 26%
The number of mortgage applications received in January 2012 was 25.8% higher than in the same period last year, Mortgage Advice Bureau has found.
Accord expands broker support
Yorkshire Building Society subsidiary Accord has expanded its frontline sales team as part of its plans to streamline and improve its service to brokers.
Olympics 200m final tickets up for grabs with Precise
Precise Mortgages is offering two brokers the chance to attend the final of the men’s 200 metre final at the London Olympics on 9 August, likely to feature defending champion and world record holder Usain Bolt.
Other Reasons to be cheerful articles
Mortgage ignorance holding back first-time buyer market
Although 95% LTV products are at a four-year high, first-time buyers are still failing to get on to the housing ladder unaware a 5% deposit is sufficient, said a broker.
UK will avoid double dip recession: CBI
Britain will avoid a double dip recession and modest growth should restart later this year, according to the CBI.
N&P launches ten-year fix at 3.99%
Norwich & Peterborough Building Society has launched a ten-year fixed rate mortgage at 3.99% up to 75% LTV, with a £295 fee.
Ipswich BS targets gross lending of £150m in 2012
Ipswich Building Society is aiming to increase its gross lending from around £90m in 2011 to £150m this year, said the society’s chief executive officer, Paul Winter.
Platform increases BTL max loan to £500k
Platform has increased its maximum buy-to-let mortgage loan size from £350,000 to £500,000, with the launch of its Premier range.
Platform ring-fences £600m for buy to let in 2012
Platform has committed to increase its buy-to-let lending by a third in 2012, ring-fencing a minimum of £600m of funding for the sector.
Abbey begins to ramp up BTL offering
Abbey for Intermediaries (AFI) has boosted its buy-to-let range with the launch of four new loans and rate cuts of up to 0.20% on existing products.
Paragon launches 44 mortgages for professional landlords
Specialist buy-to-let lender Paragon launched 50 tracker and fixed rate products today in a positive start to 2012, with 44 targeted at professional landlords.
Clydesdale and Yorkshire launch fee free range
Clydesdale and Yorkshire Banks are waiving arrangement fees for customers taking out a mortgage before 25 February.
Gross lending by mutuals up 24% year-on-year in November
Gross mortgage lending by mutuals was £2.5bn in November, up 24% against November 2010 when lending stood at £2bn, revealed the Building Societies Association(BSA).
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Reasons to be Cheerful
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It's not all doom and gloom out there in the mortgage industry, so click here for a dose of cheer.
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