Financial Reporter provides the latest industry news & events to the UK financial services market. 01253 272998 - [email protected]
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Next Intelligence has partnered with BlueGamma to launch the Next Intelligence Swap Rate Monitor, designed to give mortgage brokers direct access to the market data that influences lender pricing decisions. financialreporter.co.uk/next…
Harpal Singh from conveybuddy says while there were positive announcements for first-time buyers in this year's Budget, the overall approach feels rather piecemeal when there was an opportunity to address some of the wider barriers preventing transactions. financialreporter.co.uk/blog…
UK residential property transactions stood at 94,800 on a seasonally adjusted basis in September, around 1% lower than August and 4% below the level recorded a year earlier, the latest HMRC figures show. financialreporter.co.uk/resi…
JBSP is also available on the 85% LTV buy-to-let products. financialreporter.co.uk/suff…
Allica Bank has enhanced its development exit bridging offering to help property developers make the most of new opportunities created by the government's Your First Home initiative, following this week's Autumn Budget. financialreporter.co.uk/alli…
The government's Your First Home scheme looks set to be accessible to first-time buyers across the vast majority of England, with average first-time buyer household earnings fall below the scheme's income threshold in 9 out of every 10 local authorities. financialreporter.co.uk/9-in…
October saw a further slowing in UK annual house price growth to 0.5%, from 0.8% in September, the latest Nationwide house price index shows. financialreporter.co.uk/annu…
Available for both house purchase and remortgage customers, the new range includes products up to 95% LTV, with rates starting from 4.70% at 80% LTV and 5.15% up to 95% LTV. financialreporter.co.uk/newc…
Residential mortgage approvals decreased to 53,400 in September, down from 54,900 in August and below an average of around 58,800 over the previous six months, the latest Bank of England figures show. financialreporter.co.uk/mort…
77% of brokers said remortgaging clients were choosing shorter fixes in anticipation that rates could fall, while 73% said clients were extending their terms to reduce the monthly cost. financialreporter.co.uk/home…
West One says launch into a new territory is designed to provide greater access to specialist mortgage products for non-standard borrowers "in a jurisdiction that has been historically underserved by specialist mortgages". financialreporter.co.uk/west…
Mortgage repayments are expected to reach 4.25% of household disposable income by 2031, the highest level since 2009 and more than double the 2021 level of 2%. financialreporter.co.uk/mort…
As part of yesterday's Budget, the government announced a £10 million regional co-operative development programme to help double the size of the co-operative and mutual sector. financialreporter.co.uk/gove…
United Trust Bank Bridging has reduced pricing across several products in every LTV band up to 75% in its regulated and non-regulated bridging loan ranges by up to 0.16% pm. financialreporter.co.uk/utb-…
Chancellor John Healey has confirmed that the government will raise the tax-free allowance for low-income pensioners to match the full new state pension, ensuring those who rely solely on their state pension do not pay income tax this parliament. financialreporter.co.uk/budg…
The government will reduce the withdrawal charge for existing LISA holders who use their savings to purchase a first home above the £450,000 property price cap. financialreporter.co.uk/budg…
In today's Budget, chancellor John Healey confirmed £4.7 billion in government-backed lending for the scheme, while the supporting Budget documents set out the final details. financialreporter.co.uk/budg…
In today's Budget, chancellor John Healey announced that he will increase the bank corporation tax surcharge from its current rate of 3% to 6% in January 2027. financialreporter.co.uk/budg…
Chancellor John Healey has reversed the government's plan to cut the cash ISA allowance to £12,000 for under 65s. financialreporter.co.uk/budg…
Andrew Gething, managing director of MorganAsh, explores the differences between sharing types of vulnerability data, looking at differing views between sharing support needs and sharing the characteristics and circumstances driving those needs. financialreporter.co.uk/blog…
