Skip to the content

Citywire

New Model Adviser Edition

 | Change edition

News, ratings, events and ideas for professional financial planners

News Headline RSS Feed

Property and Mortgages

HBOS job cuts on the cards for years, says Charcol

00:01 | 21 Aug 2008 | By Iain Martin

HBOS’s plan to streamline its lending business with 425 job cuts and the closure of a mortgage brand was to be expected, at least one broker said.

Accountants announce break-up of Dawnay Day property empire

14:40 | 20 Aug 2008 | By David Campbell

Accountants appointed to administer the remains of the fallen Dawnay Day empire have said they are to break up and sell the company’s UK property portfolio.

Mortgage sales improve but still down 27%, says CML

10:34 | 20 Aug 2008 | By Richard Harris

Gross lending grew 5% in July according to figures from the Council of Mortgage Lenders, but a 27% year-on-year fall points to 'subdued' lending levels in this year's second half.

Lettings market boom threatens rent recession

10:02 | 19 Aug 2008 | By David Campbell

Instructions to let property have rocketed to a record and threaten to create a rental slump as owners reluctant to sell into a falling market attempt to cover their mortgage costs.

Mortgage brokers are diminishing

09:30 | 19 Aug 2008 | By Iain Martin

The number of mortgage broker firms has fallen by 15% during the credit crunch, according to figures from the Touchstone database

London sellers surrender as prices fall 5.3% in month

11:02 | 18 Aug 2008 | By David Campbell

The long Mexican stand-off between home buyers and sellers in London finally broke during August, with vendors decisively raising the white flag.

Repossessions up 24% on last year

10:44 | 15 Aug 2008 | By Iain Martin

Rising mortgage rates and household bills has led to the number of homes being repossessed jumping by 24% in the space of a year. 

Oribiter offers way around dual price mortgages

09:00 | 15 Aug 2008 | By Iain Martin

Fee-charging advisers will be able to use Orbiter software to recommend the cheapest mortgage on the market even if it is a bank direct-only deal.

HBOS plans to close the Mortgage Business

17:55 | 13 Aug 2008 | By Iain Martin

HBOS will close one of its lending brands the Mortgage Business with 325 staff facing layoffs.

New Star moves international property fund to bid basis

11:30 | 13 Aug 2008 | By Dylan Lobo

New Star has moved its International Property fund to a bid basis on the back of a minor number of 'exceptional' redemptions.

Mortgage broker banned over personal loan fraud

10:43 | 12 Aug 2008 | By Maryrose Fison

Mortgage broker and wife banned by regulator for obtaining £9,000 personal loan with false payslips.

Equity release for cash poor predicted to grow

09:30 | 08 Aug 2008 | By Maryrose Fison

Equity release is becoming increasingly popular, according to adviser Joss Harwood, and Saga Services has said it could be used to counter unfavourable mortgage rates.

House prices continue to slide

10:50 | 07 Aug 2008 | By Iain Martin

Halifax survey shows house prices fell another 1.7% in July.

Invista sees trouble for commercial property

09:30 | 07 Aug 2008 | By Iain Martin

Commercial property funds face two more years of pain before heading back into profit, Invista Real Estate Management has warned in its interim results.

Negative equity to spiral, data suggests

09:30 | 07 Aug 2008 | By Richard Harris

Large numbers of UK homeowners will fall into negative equity as the housing market continues to drop with potential knock-on effects for lender profitability, data from HBOS and Standard & Poor’s show.

HBOS slips behind lending rivals in crunch aftermath

09:30 | 06 Aug 2008 | By Iain Martin

The UK’s largest lender, HBOS, has not escaped the shocks rippling through the mortgage market this year as it was overtaken by rival lenders in market share.

Cheshire cuts short-term mortgage rates but looks to long loan opportunities

00:01 | 06 Aug 2008 | By Iain Martin

The Cheshire Building Society will cut the rates on its short-term fixed-rate mortgages by up to 0.5% today but says that there are new opportunities in long-term loans.

Stamp duty deferral would boost economy, agents say

14:23 | 05 Aug 2008 | By Michelle McGagh

Speculation that the government will suspend payments of stamp duty in order to boost the economy has been welcomed by the property industry.

FSA refers 3 mortgage firms for fraud after advice study

13:47 | 05 Aug 2008 | By Iain Martin

The Financial Services Authority says the quality of advice was disappointing in its review of 250 mortgage firms, including three where it found evidence of fraud. Seven firms were referred to the regulator's enforcement team.

Assureweb launches equity release comparison tool

12:56 | 05 Aug 2008 | By Richard Harris

The portal provider has partnered with Safe Home Income Plans members to give advisers access to products from a panel of equity release provders.

1 | 2 | next page Total pages: 2

  more articles

© Citywire Financial Publishers Ltd 2008.
This material is the copyright material of Citywire Financial Publishers Ltd. No part of this material may be copied, reproduced, distributed or adapted in any form or by any means without our prior written consent. This includes but is not limited to all individual fund manager data such as rankings of fund managers and ratings of fund managers.

© 2008 Citywire.co.uk. All Rights Reserved.
Citywire Financial Publishers Ltd. is authorised and regulated by the Financial Services Authority no: 222178 to provide investment advice and is bound by its rules.

Citywire Financial Publishers Ltd.
Registered Office: 1st Floor, 87 Vauxhall Walk, London SE11 5HJ
Registered in England no: 3828440.

  • Disclosure, authorised and regulated by the Financial Services Authority
  • Quote data: Interactive Data
  • Privacy Policy
  • Terms & Conditions
  • Your Information & How We Use It
  • Fund performance statistics: Lipper Limited Copyright
    View limitations & usage restriction