Mortgage Finance Gazette

Yorkshire BS takes action after customers� details are stolen

Thu, 26 Aug 2010 00:00:00 BST

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.

Mortgage lending in Scotland is up

Wed, 25 Aug 2010 00:00:00 BST

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.

Metro Bank to open second store

Wed, 25 Aug 2010 00:00:00 BST

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.

Banks� mortgage lending still subdued

Tue, 24 Aug 2010 00:00:00 BST

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.

FSA fines Zurich Insurance £2.275m for loss of personal details

Tue, 24 Aug 2010 00:00:00 BST

The Financial Services Authority has fined the UK branch of Zurich Insurance Plc £2,275,000 for failing to have adequate systems and controls in place to prevent the loss of customers’ confidential information. It took Zurich UK a year to discover the loss.

Gross mortgage lending up 5% in July

Thu, 19 Aug 2010 00:00:00 BST

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

Wed, 18 Aug 2010 00:00:00 BST

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%

Coventry announces record results

Wed, 18 Aug 2010 00:00:00 BST

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

Wed, 18 Aug 2010 00:00:00 BST

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

Tue, 17 Aug 2010 00:00:00 BST

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