Top 10 most read mortgage broker stories this week – 30/07/2021
Financial updates came from the likes of Barclays, Virgin Money, NatWest, Lloyds and Santander. The Mortgage Advice Bureau also issued their half-year results.
Exclusive: Bob Young on the Fleet Mortgages buyout – blog
MAB boosts revenue to £91m and grows lead gen capability
Self-employed mortgage shortage likely to be a short-term blip, brokers say
Brokers see rise in guarantor mortgage applications as house prices soar
First-time buyer numbers drop to three-year low outbid by deposit-rich
Nationwide leads cross industry initiative to tackle housing crisis
Fraudulent unauthorised adviser gets four years for stealing client money
TSB raises rates on five and 10-year fixed product transfers
Virgin Money and Clydesdale Bank introduce contractor solution following IR35 changes
Mortgage firm boss fined for transacting business without PI insurance
Top 10 most read mortgage broker stories this week – 23/07/2021
The government’s decision to remove the need for an EWS1 form when lending on buildings shorter than 18 metres was also of interest, as it signified a move which could unlock the market.
Speculation that Foxtons was looking for a buyer for its broker firm Alexander Hall also drew readers in, as did one firm’s decision to refund fees to clients unhappy with their advice.
Government scraps EWS1 forms for buildings under 18 metres
Can you claim the fifth SEISS grant?
Foxtons looks for buyer for mortgage broker Alexander Hall
RIP John Murray, journalist and author (24.06.1947 to 14.07.2021)
Avalanche of homelessness expected as furlough ends
Nationwide launches sub-one per cent five-year fix and slashes rates
‘We will continue growing but we’re never going to lower our standards’ – Brodnicki
The stamp duty holiday deserves more praise than scorn – Murphy
FCA to hear from brokers through mortgage prisoner review
Broker firm launches guarantee to refund advice fees to unhappy clients
Top 10 most read mortgage broker stories this week – 16/07/2021
Beyond that, lender initiatives on EWS1 forms and post-pandemic criteria and market conditions topped the headlines, with some M&A activity also piquing interest.
UPDATE: Police to investigate Savills’ employee Twitter account over racist Euro 2020 football tweets
Seven lenders agree to cover cost of submitting EWS1 forms to FIA portal after delays
NatWest to unveil self-employed criteria change in August
Mojo Mortgages acquired by Uswitch and Confused.com owner
National Crime Agency recovers £2m from developer-landlord in civil case
Mortgage lenders offering larger loans but product options tighten – MBT
US digital lender Better enters UK mortgage market with Trussle acquisition
Online estate agent Strike raises £11m in funding and appoints CTO
Poor credit househunters on the rise as pandemic takes toll on family finances
Half of pandemic homebuyers fear they overpaid for their property
Top 10 most read mortgage broker stories this week – 25/06/2021
Lender’s latest rate cuts, new product launches and criteria changes were popular stories, while the new Deposit Unlock scheme was launched with Newcastle Building Society as the first lender.
Broker fees should match solicitors’ and be based on case complexity – Marketwatch
Natwest launches low LTV tracker and green mortgages alongside widespread rate reductions
Newcastle BS becomes first lender to launch Deposit Unlock products
Lloyds Banking Group to embark on landlord venture with first property purchase
MAB hires FSE’s James Prosser to direct media and events strategy
The FCA’s Consumer Duty regulation is ‘gilding the lily’ – Paradigm
Metro Bank expands 95 per cent LTV range and cuts rates
MAOE: Administrators need strong relationships with brokers and lenders for success
MAOE: Sinclair says PII pricing will fall after interest-only mis-sale cases fail
UK must ‘grapple the nettle’ of housing affordability – Jenrick
Top 10 most read mortgage broker stories this week – 11/06/2021
Meanwhile the housing minister’s statement on cladding guidance form EWS1 caused a stir with mortgage brokers.
Cladding guidance frees almost 500,000 homeowners from EWS1 form, minister says
Clients are putting in multiple offers to seal their dream house – Marketwatch
Buyers in bidding frenzy resort to ‘desperate’ measures but struggle to win valuers’ support
Young borrowers at risk of damaging their credit scores
FCA kicks off consultation on new regulation to go further than treating customers fairly
First-time buyers taking high LTV mortgages fear negative equity
L&G Mortgage Club builds affordability sourcing tool for My Simple Mortgage
House prices hit another record high after £22,000 annual gains – Halifax
Mortgage lending at highest level since 2007 – BoE
Time to spread the word to all clients on equity release – Wilson
Top 10 most read mortgage broker stories this week – 04/06/2021
Elsewhere, readers’ attention was grabbed by the rising number of foreign buyers eyeing UK property, a sale of Nottingham Mortgage Services to Belvoir Group, and Nationwide’s decision to cut mortgage advisor numbers by 150.
FCA’s proposed network fee may cause firms to switch from AR to DA or exit market – AMI
End of eviction ban sparks calls for more tenant support
Mortgage broking arrives on TiKTok as advisers take to video platform to reach customers
Rising numbers of expats and foreign buyers eye UK property market’s opportunities
Nottingham Mortgage Services to be sold to Belvoir and serviced by MAB
First Homes scheme launches with seven lenders signed up
Nationwide to launch 0.99 per cent deal and FTB rates set to fall
Market Mortgage 95 per cent solution poised to launch with mainstream lenders in summer
Nationwide to cut mortgage adviser numbers by a quarter
House prices reach new record with double digit growth in May
Top 10 most read mortgage broker stories this week – 28/05/2021
Elsewhere, First Homes eligibility criteria, the rush to complete before the stamp duty pause is over and another victory for a broker in an interest-only mis-selling case offered a broad range of reading topics for advisers.
Nationwide cuts first-time buyer, home mover and remortgage rates
Properties selling over asking price reaches record high as supply plummets – NAEA Propertymark
Swindon most affordable alternative for first-time buyers leaving London
Mortgage complaints surge by more than half to 11,835 – The Ombudsman
Government outlines eligibility for First Homes scheme
Sellers receive offers within a month as end of stamp duty holiday draws near
Interest-only mis-selling claim against SPF Private Clients dismissed
LSL sells stake in LMS to focus on financial services strategy
Clydesdale removes 90 per cent LTV FTB product and cuts rates on 85 per cent LTVs
Buy-to-let rates fall to lowest level since January
Top 10 most read mortgage broker stories this week – 14/05/2021
Beyond these broker challengers, technology advances caught reader’s attention as new integrations and partnerships promised more seamless workflows. The rush of lenders returning to, or enhancing, their high loan to value (LTV) lending continued.
Meanwhile, the regulator ruffled feathers in setting out the latest fees to cover the cost of its compensation scheme.
Conveyancing costs double as homebuyers rush to beat the stamp duty deadline
HMRC warns of self-assessment delays which brokers fear could stall mortgage process
NatWest plugs mortgage application API into Moneysupermarket.com
Product transfers: Benefit to the customer or the lender?
Primis bosses heap criticism on FCA and FSCS fee blows and call for industry unity
Beverley BS offers limited edition 90 per cent LTV deal
It is a mystery why lenders insist on hard footprints for DIPs – Marketwatch
360 Dotnet and Twenty7Tec enhance integration for brokers
Virgin launches mortgage guarantee fixes up to 15 years; TSB adjusts rates
Opportunities rife for advisers promoting advice on furlough and the self-employed – Kensington
Top 10 most read mortgage broker stories this week – 07/05/2021
The challenge for self-employed applicants drew readers’ attention too, while rising house prices, combined with the latest potential fix for mortgage prisoners, from Prestbury’s former boss, revealed the complicated client landscape which brokers are presently asked to navigate.
Virgin Money reveals 95 per cent LTV mortgage guarantee criteria
Brokers see little sign of mortgage improvement for self-employed borrowers
Ying Tan to exit Dynamo after Connells Group buyout
Legal & General trials equity release fixed early repayment charges
First-time purchases delayed by many obstacles – Yopa
Four in five first-time buyers rejected for mortgage – Aldermore
HSBC cuts rates up to 95 per cent LTV; The Nottingham and Vida add high LTV deals
ASA complaints upheld against Money Advisor
Former Prestbury boss prepares comeback with P2P product for mortgage prisoners
Barratt Homes cites dearth of high LTVs on new-builds as potential dampener on delivery
Top 10 biggest mortgage broker stories this week – 26/06/20
The launch of high loan to value mortgages from providers also stole the headlines.
Stamp duty, mortgage rates and Rightmove’s agent discount were among the other biggest stories.
Half of buyers denied mortgages despite having agreements in principle – survey
‘Stamp duty holiday a sensible idea for market recovery’ – Star Letter 19/06/2020
Rightmove braces for further £20m revenue hit after extending agent discount
Fixed mortgage rates drop 0.5 per cent – Moneyfacts
Man uses fraudulent HMRC payments to put offer on £2.6m house
More than 50,000 interest-only mortgages maturing this year – UK Finance
Yorkshire BS relaunches 90 per cent LTVs for first-time buyers
Family BS launches 95 per cent LTV first-time buyer deal
BoE will adjust QE before raising interest rates – Bailey
Santander increases 85 per cent LTV rates and cuts others