Santander set to impose first-time buyer income multiple cap
Santander for Intermediaries will change its maximum income multiple for first-time buyers to 4.49 times income from Friday 13 February.
The science behind the Openwork panel pitch
For proof that the winds of change are blowing in favour of the intermediary, look to the distribution sector, where lenders have been asked to pitch their service and commercial propositions to win a spot on Openwork’s network.
Will the BoE be forced to cut rates this year?
The Bank of England may have to resort to the interest rate cut that Governor Mark Carney alluded to in his Inflation Report speech this morning, according to some market watchers.
Nationwide appoints Henry Jordan head of mortgages
Henry Jordan, who was previously managing director of Nationwide’s buy-to-let arm The Mortgage Works (TMW), has been appointed as the society’s new head of mortgages.
A third of advisers found CeMAP lacking post-MMR – Poll
In response to last week’s Mortgage Solutions poll, a third (33%) of readers said they did not think the CeMAP qualification was sufficient in a post-Mortgage Market Review (MMR) world.
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Murphy and Montlake defend ‘right time to remortgage’ comments
Andrew Montlake and Brian Murphy have defended their position after being accused of encouraging consumers to get into debt at the risk of losing their homes.
Intermediary sector ‘fragmented and crying out for innovation’- Brodnicki
Peter Brodnicki CEO of Mortgage Advice Bureau opened its annual conference last week with this speech outlining the changing dynamics of the advice market.
Buy-to-let rates hit lowest-ever level
The ongoing price war between lenders has driven down the average fixed-rate buy-to-let deal to its lowest ever level recorded at 3.82% across all terms.
TSB pilots 95% LTV 10-year fix through branch network
TSB is launching a new range of fixed rate mortgages, including a 10-year Fix and Flex deal, for borrowers with a 5% deposit who approach the lender directly.
Brokers must be ‘realistic’ about 2015 mortgage predictions – poll
Respondents to this week’s poll have overwhelmingly agreed that mortgage lending will reach around £225bn this year, as forecast by Legal & General Mortgage Club.
