Connect Overseas, the international mortgage specialist, which launched its foreign mortgage sourcing system at the end of July, has received positive endorsement from mortgage distributors, SMS and Brilliant Solutions. The new system, which is unique in providing an online …
Subdued mortgage market dents MBS’ profits
Manchester Building Society has reported a slip in first half profits. Pre-tax profits fell 18% to £862,000 (2011: £1.05m) in the six months to June 30. Income was marginally up at £12.8m (2011: £12.6m) This was partly down to …
UK house prices rebound in August
Nationwide House Price Index The price of a typical UK house increased by 1.3% in August • Prices 0.7% lower than one year ago • Price of a typical home is £164,729 Commenting on the figures, Robert Gardner, Nationwide’s …
Posted in Property
Tagged Nationwide House Price Index, Robert Gardner, UK House Prices
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Land Securities to restart residential project after UK agrees transport deal
The UK’s largest REIT is to restart development of a 22,600-unit residential project after reaching agreement with central government departments and local authorities over local infrastructure according to IP Real Estate. Land Securities, whose major shareholders include the Norwegian …
Mortgage lenders need to innovate
Net mortgage lending by the banks may have grown by 0.8% in the year to July according to the British Bankers’ Association, but it was no great surprise to see that the gross monthly figure of £7.1bn had fallen …
July house prices up 0.8 per cent since June
July house prices up 0.8 per cent since June: average house price in England and Wales now £162,900 South East tops the table of regional applications with 263,214 in July Over 62,000 residential properties in England and Wales lodged for …
Coventry Intermediaries launches new market leading range
Coventry Intermediaries has launched a new, market leading range of 85% LTV Residential and Offset mortgages with 2 year fixed rates starting from 4.33%. Available from Friday 24th August highlights include; Residential 2 Year Fixed Mortgages 4.33%, 2 …
Posted in Mortgages
Tagged Colin Franklin, Coventry Intermediaries, Godiva Mortgages
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Saffron Building Society re-launches 95% first time buyer mortgage
Affordability based on rental history, not income multiples Rate of 6.49% fixed until 29/02/16 Saffron Building Society, the largest building society serving the East of England, has today re-launched its popular 95% mortgage for first time buyers who have …
UK house prices rise 2.3% over 12 months
In the 12 months to June 2012 UK house prices increased by 2.3 per cent, unchanged from the 12 months to May. House prices continue to remain relatively stable across most of the UK. The year-on-year increase reflected growth …
Gross mortgage lending up 8% from previous month
The Council of Mortgage Lenders estimates that gross mortgage lending in July increased to £12.7 billion. Lending rose by 8% from £11.7 billion in June and was 2% higher than the total of £12.5 billion in July 2011. In …