Record breakers
Posted by: Titlesolv
Mortgage rates hit a record low in April, with the Yorkshire Building Society announcing a rate of 0.89% over a two-year period.
Reconsidering PII
Posted by: Titlesolv
Recently many firms would have geared up for the traditional PII renewal date at the beginning of October. But in order to keep their PII premiums down conveyancers need to address their risk profile.
Opportunity knocks as banks clamp down
Posted by: Titlesolv
The number of traditional lenders introducing stricter criteria for conveyancers wishing to join their legal panels is growing month by month. Metro Bank and Newcastle Building Society are just two of an increasing band of lenders to set more stringent requirements for any law firms wishing to join their conveyancing panels.
Holding profit margins: reducing the pressures imposed by peer to peer lending
Posted by: Titlesolv
Average deposits for house purchases now sit at just under the average annual salary, which means that more capital is needed to be raised for the purposes of individual or buy to let purchases. As a result, buyers are looking to alternative sources of revenue, including financial assistance from parents and peer to peer loans.
The return of mainstream lenders: threat...or opportunity?
Posted by: Titlesolv
Over the past few years, increased regulation of the bridging finance industry has placed mounting pressure on lenders to retain market share and improve the bottom line. According to a recent article published in the Financial Times, the major banks are returning to the large loan market and this brings fresh challenges for the industry.
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