This week’s top five stories
1. Tesco to launch mortgage adviser distribution to boost market share
Tesco revealed that it plans to expand its mortgage business and enter the intermediary market next year. The supermarket has lent over £1bn worth of home loans since it started selling mortgages two and a half years ago.
2. Lloyds Banking Group to lift repossession suspension ‘imminently’
Repossessions of properties will recommence after Lloyds suspended all proceedings following a Belfast High Court judgment which branded its treatment of some customers ‘unconscionable’.
3. The impact of a Bank Base Rate cut on mortgage pricing – Marketwatch
Mike Jones of Halifax, Robert Wood of Berenberg Bank and Fionnuala Earley, residential research director at Hamptons International, consider the effect of a further base rate cut on the mortgage industry.
4. Eight things brokers ought to know about Bank of Ireland’s mortgage range
We run through the key facts brokers need to know about the latest lender to offer mortgages through intermediaries.
5. Axis Bank UK to launch buy-to-let mortgage range to brokers
The lender announces its range of buy-to-let products which will be distributed exclusively through brokers and limited to properties situated in London and the South East.
Here’s some more stories you may have missed:
Virgin reveals service promise in bid to become ‘lender of choice’
Virgin Money publishes its manifesto to more than 17,000 brokers setting out its service commitments and admits that its service standards have fallen in the past.
No imminent plans for IPO – Aldermore
The challenger bank distances itself from media reports that it plans to float on the London Stock Exchange within months and dismisses claims of a merger with TSB.
New lender Foundation details launch range for small professional landlords
Rates from the new lender will start from 3.75% and two ranges will be available to borrowers; prime and light adverse.
Election 2015: Housing policy from each party – the round up
A run through of what each political party is proposing, from housebuilding targets to private rented sector reforms.
First time buyers need income protection
LV= warns that savings will have been significantly depleted following the purchase of a first home and encourages individuals to look at income protection to provide “peace of mind”.
