Watchdog highlights home loans used to consolidate debt
The City watchdog’s guidelines came into effect three months ago, on 31 July, covering the UK’s 60,000 regulated financial firms,...
Finance
Know the latest mortgage rates, broker announcements, personal finance and more about the wider mortgage sector as and when they happen in the Finance section.
83.7% of brokers say BDMs play vital role in the industry
Only 5.5% disagreed or strongly disagreed, with the rest unsure 83.7% of brokers either agreed or strongly agreed that BDMs...
Paragon Bank reports strong trading
The mortgages loan book at the end of Paragon’s full year period sat at £12.9 billion, compared to £12.3 billion...
Nearly 5m homeowners to face even higher mortgage repayments
Nearly half of mortgage holders have moved to a new fixed-rate deal since interest rates started increasing in late 2021,...
15.16 million people have history of adverse credit
Around half of people (49 per cent) who have missed one credit payment say have then gone on to miss...
UK mortgage approvals surge in October
Banks and building societies authorised 47,383 home loans, up from 43,675 in September and the most since July, the BoE...
West One Loans cuts mortgage rates
The specialist lender has cut its range of fixed rate residential mortgages by up to 64 bps with both its...
Atom Bank, Funding Circle to fund small businesses
The current partnership is aimed at supporting SMEs through the latest phase of the government-backed Recovery Loan Scheme (RLS) offered...
Government extends Mortgage Guarantee Scheme for 18 months
The extension of the scheme, which supports the availability of 95 per cent LTV mortgages and was originally due to...
L&G launches new lifetime mortgage for over 50s
PTLM helps borrowers access property wealth earlier – from 50, instead of 55 – and offers a tax-free cash lump...
