This week’s top five stories:
1) Peer-to-peer lender completes first residential ‘mortgage’
Peer-to-peer platform eMoneyUnion has completed the first ever first charge residential crowdfunding loan.
2) Nationwide, Skipton and Coventry enter two-year fix price war
Mutuals Nationwide, Skipton and Coventry are slashing rates in what looks set to be a seasonal price-war.
3) Buy-to-let gone bad: five hallmarks of a bad landlord
More than half of tenants have had a problem with their landlord or letting agent in the last five years. Here are the most common ways that buy-to-let goes bad.
4) Kensington sale agreed for £180m
Private equity firms Blackstone Tactical Opportunities and TPG Special Situations Partners (TSSP) have agreed the purchase of specialist mortgage lender Kensington for £180m.
5) CML reveals voluntary code of practice for buy-to-let
The Council of Mortgage Lenders (CML) has revealed a statement of practice aimed at buy-to-let lending which will remain outside regulation following the implementation of the EU Credit Directive.
Here are some stories you may have missed:
Barclays joins fixed-rate mortgage pricing skirmish
Barclays has joined the pricing fray kicked off by Nationwide, Skipton and Coventry this week by cutting its most popular fixed rates.
Delayed rate hike could spark 1970s-style inflationary shock
Kames Capital’s David Roberts has warned delaying an interest rate hike any longer could cause the kind of inflationary shock last seen in the UK more than thirty years ago.
How to network (properly)
Compare the following two headlines: ‘Financial adviser gains new client through Twitter’, and ‘Financial adviser gains new client through local accountancy connection’, writes Brendan Llewellyn.
Halifax latest lender to join rate war
Halifax Intermediaries has become the latest brand to reduce its mortgage rates as competition between lenders hots up.
Kensington to run self-employed ads promoting advice channel
Specialist lender Kensington is set to launch a major advertising campaign pushing mortgage choices available to the self-employed through mortgage advisers.
