House purchase lending in Scotland rose by more than the UK as a whole in the second quarter of 2011 so new data from CML says. 11,300 loans for house purchases worth £1.3b were taken out in the second quarter of 2011 a rise of 36% in number and 42% in volume from first quarter [...]

The housing market will plunge into crisis if the government does not take action and address the chronic under supply of homes. The National Housing Federation said the shortage is hitting home ownership rates and boosting rents. The government said it had made more land available to builders to start building, it is also investing [...]

Whiteaway Laidlaw Bank was acquired by RBS Equity Finance in January of this year subsequent to which it acquired Commercial Firsts new business platform and started originating commercial mortgage business. With common shareholder and senior management team within the two businesses it has for some time appeared the most sensible approach to combine the businesses. [...]

TBMC the buy to let and commercial mortgage specialist has launched two new exclusive buy to let mortgage products with Hinckley and Rugby Building Society. These products are a 2.99% fixed rate until  Oct 2013 up to60% LTV with £2495 completion fee and a 2.99% 2 year discounted rate up to 60% LTV with a [...]

There was little change with problems relating to mortgage repayments a report out from CML states. There was a 7% lower rate in repossession in the first half of 2011 in the latest figures out. The data shows that 9,000 repossessions occurred in the second quarter of the previous year that was lower than the [...]

The housing market remained flat during July with house prices dipping further according to the RICS Housing Market survey. 22% of surveyors said that prices fell rather than rose in July. This does seem to be a little improvement on June which was -26 this is now negative territory for over a year. Large deposits [...]

The London Stock Exchange is to purchase the Transaction Reporting System after the FSA entered into a conditional agreement for it at £15m. The TRS is an ARM established in the UK market for reporting transactions in regulated instruments by firms to the FSA in accordance with SUP 17 of the FSA handbook and the [...]

LV has reduced the number of age bands applied on its equity release products and a rate cut on its lifetime and flexible lifetime mortgage. LV it as simplified and halved the number of age bands to just three 60-80, 81-85 and 86-95 and also coincides with a reduction in rates charged to each age [...]