Mortgages

BuildLoan has teamed up with Intelligent Finance to offer a mortgage product specifically for people looking to renovate a run-down property.

Paradigm Mortgage Services has launched its new website, giving full details of the services it offers members of its new mortgage club.

Potential equity release customers should not to rush into releasing equity from their home, even if house prices begin to fall, according to Daren Carter of In Retirement Services.

Mortgages Plc has announced it will be withdrawing all adverse buy-to-let products as well as changing maximum loan amounts for some of its riskier products.

House price growth remained steady at around 11% per year in August, according to Assetz composite house price index.

Almost two thirds of mortgage brokers expect to lose more than 10% of their sub-prime business as a result of lenders changing their product ranges, according to organisers of the Mortgage Business Expo.

Mortgage advisers report they are continuing to see a strong flow of business from the buy-to-let sector, with around 21% of their current business coming from landlords, according to Paragon's September Buy-to-Let Index.

Residential landlords have protected themselves from the higher cost of borrowing - triggered by rising interest rates - by reducing the gearing of their portfolios, according to buy-to-let lender Paragon.

Platform, the intermediary lending arm of Britannia Building Society, has reduced rates across its prime, self-cert, buy-to-let and self-cert buy-to-let product ranges.

Close Brothers today confirms its mortgage arm does have a future, allaying fears the business would shut for good after it suspended all new applications earlier this week.