The Association of Mortgage Intermediaries has completed the next stage of its development to ensure it is listening to the broadest range of views, improving its ability to represent the membership, and is able to lobby in the most …
Coventry Building Society withdraws interest-only mortgages for new business
From Monday 3rd December Coventry Building Society will no longer offer interest-only residential mortgages for new lending. Buy to Let interest-only mortgages will continue to be offered. Colin Franklin, Sales and Marketing Director, Coventry Building Society, said: “Residential …
Number of first-time buyers in London rises to highest figure in nearly 3 years
In the first of a series of new quarterly reports on lending in London, the Council of Mortgage Lenders reports that a total of 10,000 first-time buyers took out a mortgage in London in the third quarter of 2012. …
Stonebridge Group continues to expand AR firm roster
Stonebridge Group, the mortgage and insurance network, has reported a substantial increase in the number of appointed representative (AR) firms signing up throughout 2012. The network counted 67 firms among its ranks at the end of November 2011, but …
Posted in Mortgages
Tagged Paul Kilkelly, Richard Adams, Stonebridge Group, Taylor Milburn
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Homeowners aim to raise £186bn from downsizing
Homeowners aim to raise the equivalent of £186bn to help fund retirement income by selling their homes, according to research from housing investment and shared equity mortgage provider Castle Trust. Castle Trust’s research shows that around 3.25 million households …
Ask an Expert: Do all lenders credit score?
No. There are a number of lenders who will consider all aspects of a case, without credit scoring and normally with a manual assessment by a human being, rather than a computer. Answer provided by Dale Jannels, AToM
Shawbrook expands interest only options
Shawbrook Bank has increased its interest only options across all property types following feedback from its network of brokers and intermediaries. With its continued focus on product innovation, Shawbrook has increased the interest only LTV on residential property to 75% and the LTV …
Video Guide: Repayment vs Interest Only Mortgages
This video originally appeared on MeaningfulMoney.tv
Precise Mortgages improves buy to let criteria
Precise Mortgages, the intermediary only lender, is improving two parts of its lending criteria today, which will help brokers to help their customers obtain BTL and Near Prime mortgages. For all BTL applications, the lender has removed its minimum …
Gross mortgage lending at 11-month high in October
There are signs that the market weakness of recent months may be coming to an end, according to the Council of Mortgage Lenders. The CML’s forward estimate is that total gross mortgage lending recovered to £12.9 billion in October. …