News

July 3rd, 2013

The Bank of England has again decided to hold the base rate and any further quantitative easing, as they welcome the arrival of new Governor Mark Carney before making any wholesale changes. It was highly unlikely that the ... Read More

June 19th, 2013

Increased interest in the mortgaging sector over recent weeks is beginning to push surveying firms to vastly increase their timescales to complete property valuations. While the sharp rise seen in the purchasing side of th... Read More

June 12th, 2013

Promising signs that the property market is improving month on month have continued to pick-up pace, with a RICS residential market survey showing that sales have reached the highest point for three and a half years. Altho... Read More

June 5th, 2013

The Bank of England's monetary policy committee has again decided to leave the base rate unchanged, in Mervyn King's last meeting as Governor. The UK now awaits the arrival of the new Governor Mark Carney, who is d... Read More

June 4th, 2013

Since the launch of the Government and Bank of England’s Funding for Lending scheme, the market wide belief has been that releasing cheaper funds for lenders to draw upon was nothing but a positive step. However, sin... Read More

May 28th, 2013

On the release of its annual review, the Financial Ombudsman Service has accused lenders of not appropriately handling complaints in-house, leading to an escalated process that involves the arbitrator’s involvement. ... Read More

May 22nd, 2013

The Council of Mortgage Lenders announced figures earlier this week that suggest the current level of mortgage holders choosing to refinance their current deals is at its lowest for 15 years. Activity in this area continue... Read More

May 14th, 2013

The Council of Mortgage Lenders published positive figures this week stating a 20% uplift in lending to first time buyers. Compared to the recorded figures from March 2012, the number is relatively low, as 24,400 loans wer... Read More

May 8th, 2013

The Bank of England has again held the base rate at 0.5%, maintaining the record-low for the 50th consecutive month. Quantitative easing, the process of creating new money for the economy, has also been left alone by the c... Read More

May 7th, 2013

As announced last month, financial claims firms have begun targeting the mortgage market, with their sights fixed firmly upon mis-sold interest only mortgages as a paramount opportunity for a case. But as these firms ramp ... Read More