Author Archives: tony

Manchester Building Society launches 25-year buy to let mortgage

  Manchester Building Society is looking to shake up the mortgage market by launching what it claims is the UK’s first 25-year fixed-rate mortgage for buy to let investors. The lender has launched two buy to let long-term fixed rate …

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New specialist mortgage finance directory goes live

  The first ever financial directory of its kind has been launched online in the UK to help specialist mortgage finance introducers find the best deal for their clients. Online directory www.mortgageloandirectory.co.uk is aimed at IFAs, mortgage brokers and lenders that are …

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First-time buyer activity helped drive lending in June

  First-time buyer activity helped sustain lending for house purchase in June, according to data published today by the Council of Mortgage Lenders. The figures show that lending to first-time buyers during the month was at its highest since July 2010 …

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Coventry Building Society announces record results

Coventry Building Society has today announced record profits during the six months ended 30 June 2012. The Society’s share of the mortgage market was also a record with net mortgage lending equivalent to 45% of the UK market. Strong business performance …

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Tackling record deficit is helping to head off risk of repossession

  Government action to tackle the nation’s record deficit is giving hard working homeowners vital breathing space to get on top of bills and head off the threat of repossession, Housing Minister Grant Shapps has said. Mr Shapps said that …

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Aldermore voted Best Non-Standard Product Provider in annual What Mortgage? Awards

  Aldermore Residential Mortgages has been voted Best Non-Specialist Lender in the annual What Mortgage? Awards held yesterday at the Lime Street Exchange in the City of London. Rob Barnard, who is Head of Business Development for Aldermore Residential Mortgages …

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CML reports fall in mortgage possessions and flat arrears in second quarter

  The number of mortgage possessions in the second quarter of 2012 declined, according to data released today by the Council of Mortgage Lenders. At 8,500, the number of possessions in the three months to June was the lowest since …

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Buy-to-let lending increased in the second quarter

  Buy-to-let lending increased by 5% in the second quarter of 2012, according to data published today by the Council of Mortgage Lenders. In the three months to June, lenders advanced 33,200 loans, worth £3.9 billion (up from 32,300 mortgages, worth …

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