The Mortgage Lender set to launch within weeks
The Mortgage Lender (TML), a broker-only specialist lender spearheaded by former Mortgages plc head Trevor Pothecary, has announced it will launch shortly.
Case study: Moving mortgage networks from Legal and General to Openwork
Moving network is no mean feat,. There are many things to consider, from the needs of the brokers and pipeline management to technology changes. Just Mortgages explains the story so far on its transition from Legal and General to Openwork.
Bank of Ireland for Intermediaries updates interest-only and BTL criteria
Bank of Ireland for Intermediaries has made changes to its residential interest-only repayment criteria and upped buy-to-let loan sizes.
Chancellor’s tax relief changes will hit first-time buyers the hardest – Tony Ward
Changes to buy-to-let taxation brought about by the Chancellor’s ambitions to create a ‘nation of homeowners’ could end up hitting prospective first-time buyers the hardest, Tony Ward writes.
Lending into retirement could be next PPI scandal – Shakespeare Martineau
Lending into retirement could be the next PPI scandal if the industry does not assess borrower vulnerability before lending, Paul Saunders, head of lender services at Shakespeare Martineau says.
Stamp Duty reforms cause loss of £662m for Treasury
The Treasury has lost over half a billion pounds in revenue due a combination of Stamp Duty Land Tax (SDLT) reforms introduced in 2014 and a slowdown in high-end sales, research has shown.
Accord buy-to-let criteria under review as it eyes first-time landlords
Accord Mortgages is looking at a number of changes to its buy-to-let proposition in response to looming tax implications for landlords, which include a 3% Stamp Duty premium on second properties and cuts to mortgage interest relief.
FCA calls on European Commission to rethink foreign currency mortgage rules
The Financial Conduct Authority (FCA) wants the European Commission to reconsider its definition of a foreign currency mortgage to avoid the unintended consequences of a market exodus.
The Great Mortgage Club survey – what DA advisers really think
The Great Mortgage Club Survey, in association with TMA and Mortgage Solutions, set out to understand and pick apart the market forces affecting the directly authorised advisers using these distributors in the UK. Here’s the first instalment in our series on how brokers see mortgage clubs and this market.
What you need to know about permissions for landlord insurance
Geoff Hall of Berkeley Alexander explains why brokers need to be wary of their FCA permissions when arranging landlord insurance for buy-to-let clients.
