Author Archives: tony
Number of first-time buyers rise by 15% in London in 2012
The number of first-time buyers in London rose by 15% in 2012, marking the largest annual total since 2007, according to new data released today by the Council of Mortgage Lenders. A total of 37,300 first-time buyers bought a …
Paradigm adds Hinckley and Rugby BS to lender panel
Paradigm Mortgage Services, the mortgage services proposition, has further extended its burgeoning lender panel with the announcement that Hinckley & Rugby Building Society (HRBS) has been added to its roster. The mutual is represented primarily in larger towns and …
Posted in Mortgages
Tagged Bob Hunt, Hinckley & Rugby Building Society, Paradigm Mortgage Services
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Kent Reliance launches BTL range
Kent Reliance, part of the OneSavings Bank Group, has today launched a series of Buy to let products available to brokers across the standard, specialist and large loan markets. Key features of the Buy to let products include: – …
Investec offers New Mortgage product aimed at Professionals
Investec, the specialist bank and asset manager, has launched a new range of mortgage products aimed specifically to professionals such as accountants, architects, dentists and lawyers. Investec Professional Mortgages are only available through professional mortgage intermediaries and rates start …
2012 mortgage lending hits £195 million at Saffron Building Society
Saffron Building Society has announced that gross mortgage lending reached a record £195 million in 2012, an increase of 22% from the Society’s 2011 figure of £160 million (£146 million in 2010). Saffron Building Society CEO Jon Hall said: …
Buy-to-let lending £16.4 billion in 2012
Buy-to-let lending accounted for 11.5% of total gross mortgage lending in 2012, up from 9.8% in 2011, according to full-year data released today by the Council of Mortgage Lenders. At £16.4 billion, gross buy-to-let lending was 19% higher than the £13.8 …
Gross mortgage lending declines in January
The Council of Mortgage Lenders estimates that total gross mortgage lending declined to £10.4 billion in January. This is 9% lower than December’s gross lending figure of £11.4 billion and a 3% fall from £10.7 billion in January 2012. …
Aldermore launches Let-to-Buy remortgage
British challenger bank, Aldermore has launched into the let-to-buy mortgage market by allowing homeowners to remortgage their existing residential property on a buy-to-let basis. Charles Haresnape, Managing Director of Aldermore Residential Mortgages, said: “Letting out an existing property rather …
Posted in Mortgages
Tagged Aldermore Bank, buy to let, Charles Haresnape, remortgages
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Precise Mortgages launches exclusive Buy to Let products
Tomorrow, Precise Mortgages the intermediary only lender will launch four exclusive Buy to Let products with rates starting from just 4.44% for selected postcodes in the South of the country. Highlights include: 2 year Trackers at 75% LTV …
CML outlines market forecasts for 2013-14
The Council of Mortgage Lenders today estimates that gross lending in November was around £12.9 billion, and publishes its market forecasts for 2013-14, alongside a self-evaluation of the mortgage market based on interviews with the UK’s mortgage lenders. Overall, there are …