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.
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.
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.
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.
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
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.
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.
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.
17:55 | 13 Aug 2008
| By
Iain Martin
HBOS will close one of its lending brands the Mortgage Business with 325 staff facing layoffs.
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.
10:43 | 12 Aug 2008
| By
Maryrose Fison
Mortgage broker and wife banned by regulator for obtaining £9,000 personal loan with false payslips.
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.
10:50 | 07 Aug 2008
| By
Iain Martin
Halifax survey shows house prices fell another 1.7% in July.
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.
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.
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.
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.
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.
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.
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.
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