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Mortgages & housing

  • Mortgage lending in Scotland is up

    Home movers in Scotland in the second quarter of 2010 needed to use less of their income to cover their mortgage interest than anywhere else in the UK, according to new data by the Council of Mortgage Lenders.

  • Banks’ mortgage lending still subdued

    The annual growth in the banks’ net mortgage lending in July was 4.1%, substantially ahead of the 0.9% for the whole mortgage market in June.

  • Gross mortgage lending up 5% in July

    Gross mortgage lending totalled an estimated £13.6 billion in July, a 5% increase from £12.9 billion in June but down 3% from £14 billion in July 2009, according to new data from the Council of Mortgage Lenders.

  • UK Islamic mortgages set for growth after Qatari investment

    Shareholders of Islamic Bank of Britain (IBB) yesterday approved a £20 million capital injection from founding shareholder Qatar International Islamic Bank (QIIB), which takes QIIB’s stake in the bank to over 80%

  • Housing market transactions see summer pick up

    For the second consecutive month housing market transactions increased in July. The LSL Acad House Price Index shows that housing transactions rose by 11% to an estimated 72,100 from 64,915 in June.

  • Subdued buy-to-let lending sees quarterly rise

    The freezing up of the buy-to-let mortgage market that emerged as an unwelcome side-effect of the credit crunch appears to have eased a little, according to the latest buy-to-let survey results from the Council of Mortgage Lenders.

Arrears

Legal

  • Dealing with fraud - a changing mortgage market

    The downturn in the mortgage market means less opportunity for new fraudsters, nevertheless evidence of mortgage fraud continues to be unearthed by lenders. Rachel Hutton of Optima Legal looks at what the industry is doing to tackle mortgage fraud

  • Supreme Court shuts Section 18 door

    Paul Heeley of Glenisters Solicitors says Section 18 of the CCA (on multiple agreements) should be repealed following the Court of Appeal’s rejection of the highly significant Heath case

  • The new MPC regime

    Changes to the Mortgagee Protection Clause within shared ownership leases should, hopefully, encourage more lenders to lend on these properties. Harry Peradigou of Matthew Arnold & Baldwin LLP explains

  • Law Society calls on EU to boost protection for bank customers

    Law Society President Robert Heslett has called on EU Commissioner Michel Barnier to improve the legal protection given to customers' money when a bank collapses.

  • Shaping the future of homebuying

    Mark Riddick of the E-Homebuying Forum describes what the organisation is doing to improve the property buying and selling process and invites more industry players to get involved

  • Forthcoming changes to the Civil Procedure Rules

    Lenders are being advised of further changes to the Civil Procedure Rules, which will affect mortgage repossession claims.

Technology

Other

  • Yorkshire BS takes action after customers’ details are stolen

    The Information Commissioner’s Office (ICO) has found Yorkshire Building Society in breach of the Data Protection Act after an unencrypted laptop belonging to the former Chelsea Building Society, which had recently merged with YBS, was stolen from its Cheltenham premises.

  • Metro Bank to open second store

    Metro Bank, the first new High Street bank in over 100 years, has accelerated its store roll out programme. It says this is in light of increasing customer demand for its services.

  • Coventry announces record results

    Coventry Building Society has reported net mortgage lending of £751 million, equivalent to 31% of all net mortgage lending in the UK.

  • Building societies improve commercial real estate management

    A report from Fitch Ratings says that UK building societies are less likely to face further capital erosion from commercial real estate (CRE) than last year, as they have improved management of their exposure to this sector.

  • Mortgage Finance Gazette Awards - winners from last year

    Despite a difficult year for financial services organisations, particularly mortgage lenders, there are some good stories out there - and the Mortgage Finance Gazette Awards enables organisations within the mortgage industry to have their achievements recognised  

  • Consumer confidence slides in July

    Consumer confidence continued to fall during July, according to the Nationwide Consumer Confidence Index.


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