What the papers say
This newsfeed lists housing and mortgage related articles covered in the national, regional and trade press. You do not need to have a Newspaper Licensing Agency (NLA) license to use this service or to forward the links. If you wish to print or store copies of these articles, your organisation will need to have an NLA license. Please be aware that you are bound by each publisher's terms and conditions.
Please note - this feed does not contain any Financial Times articles. You will need a Times/Sunday Times/The Sun subscription, or your company's NLA username and password to read any Times/Sunday Times/The Sun articles.
- Remortgage lending jumped 9 per cent in July
(28/08 08:36 - Mortgage Finance Gazette)
Borrowers are making the most of the remaining competitive deals on offer before a base rate rise increases rates, new figures show. The latest figures from LMS reveal that monthly gross remortgage lending saw a monthly increase of 9 per cent in July to...
- 3 Reasons Why Lloyds Banking Group PLC Could Fall
(28/08 08:25 - Motley Fool UK)
Lloyds (LSE: LLOY) (NYSE: LYG.US) has impressed investors over the past few years, as the bank has rapidly recovered from mistakes made during the financial crisis. Lloyds has spent the last...
- Building your own home can beat high house prices, so make it easier
(28/08 07:48 - Mail Online UK)
‘Buy land, they’re not making it anymore.’ That classic Mark Twain-attributed quote may often get wheeled out for property-related reasons, but if you are hoping to buy any to build your own home on you’ll find it heavy going. A plot was hatched...
- Independence nae bother as Scottish first-time buyers pile into market
(28/08 06:33 - Telegraph)
Young Scots took out 29pc more loans to buy homes in second quarter despite uncertainty created by referendum First-time buyers in Scotland have borrowed record amounts to secure homes north of the border, undeterred by the imminent independence vote....
- RBS fined ?14.5m for poor mortgage advice
(28/08 03:28 - Herald Scotland)
ROYAL Bank of Scotland chief executive Ross McEwan's attempts to clean up the institution's image have been dealt a blow with a fine of ?14.5 million for giving poor mortgage advice to customers. The penalty, which is RBS's seventh fine in four years,...
- RBS customer satisfaction is poor
(28/08 03:20 - Herald Scotland)
ROYAL Bank of Scotland (RBS) is among the banks ranked lowest in a customer satisfaction poll. The part-taxpayer-owned bank and its sister, NatWest, took two of the bottom five places along with HSBC and Lloyds Bank. Both RBS and Natwest have been...
- Loans to first-time buyers hit pre-credit crunch level
(28/08 03:20 - Herald Scotland)
LOANS to first-time buyers in Scotland have returned to levels last seen before the credit crunch, as the latest mortgage lending data shows an increase of nearly a quarter year-on-year. There were 7,500 first-time buyer loans issued in the three months...
- RBS fined ?14.5million for bad mortgage advice: Bank has 'learned nothing' from financial crisis
(28/08 02:35 - Mail Online UK)
Royal Bank of Scotland was accused of ‘learning nothing’ from the financial crisis after being fined ?14.5million for giving unsuitable mortgage advice to tens of thousands of its customers. The City watchdog said the sales processes of RBS and...
- Watchdog slaps ?14.5m fine on RBS for advice
(28/08 02:20 - City A.M.)
THE ROYAL Bank of Scotland (RBS) was slapped with a ?14.47m fine by the UK’s main banking watchdog yesterday over the quality of its mortgage advice. The penalty relates to two reviews of sales undertaken in 2012 – the Finance Conduct Authority (FCA)...
- More skeletons in the RBS closet?
(28/08 02:06 - The Independent)
Royal Bank of Scotland has returned to the bottom of the banking class, with a ?14.5m fine for up to 30,000 cases of providing poor advice to mortgage customers. And a report into its failings...
- Foxton’s prepares for housing market slowdown in London
(28/08 02:05 - City A.M.)
INVESTORS fled Foxton’s shares yesterday after the London property agent warned that it expected a slowdown in the housing market in the second half of the year. The company, which floated in September last year, said measures introduced by the Bank...
- Bank offers free cat with mortgage
(28/08 01:47 - Mortgage Introducer)
- Comment: RBS fine | Supermarket shares
(28/08 00:46 - The Scotsman)
THE near-?15 million regulatory fine on Royal Bank of Scotland and its NatWest subsidiary for flawed mortgage advice is piffling in the greater scheme of things. It is barely what a bank might pay in a "golden hello" to buy an executive director out of...
- First-time buyer numbers highest since 2007 despite new loan rules
(28/08 00:30 - thetimes.co.uk)
The number of first-time buyers in Scotland has reached a seven-year high, according to lenders, in another sign of an upturn in the housing market. The Council of Mortgage Lenders (CML) said that there had been 7,500 first-time buyer...
- Just 1 in 25 homes now fetching the asking price: Figures suggest housing market is finally cooling
(28/08 00:29 - Mail Online UK)
Only one in 25 homes sold last month exceeded the asking price. The figure, released yesterday by the National Association of Estate Agents, adds to evidence that the property market is finally cooling. It found that just 4 per cent of buyers had to...
- City & Business Foxtons warns capital profit could wane with interest rate rise
(28/08 00:17 - Daily Express)
Foxtons, which boasts 49 branches in and around the capital, reported pre-tax profits up 57 per cent to ?23.1million in the first half of the year, fuelled by strong house and mortgage sales. Revenues were up 16.2 per cent to ?72.8million. Foxtons...
- 10.5% of working parents in England skip meals to pay rent, research shows
(28/08 00:12 - Guardian.co.uk)
Shelter also found that 37% cut back on buying food and 13% put off buying new shoes for their children to meet housing cost Shelter found that 10% of working parents surveyed, equating to 820,000 parents across England, delayed buying their children a...
- Shares in Foxtons crash after estate agent warns that booming housing market is slowing down
(27/08 23:09 - This is Money)
Published: 7 shares View comments Shares in Foxtons crashed yesterday after the estate agent warned that the booming housing market is slowing down. The company, which has 49 branches in London and...
- RUTH SUNDERLAND: Another fine mess for RBS but shocking part of latest penalty is not its size
(27/08 22:31 - This is Money)
Published: The shocking part of the latest fine imposed on RBS is not its size - both the banks and their customers have become inured to much larger sums. At just under ?14.5m, the whack for...
- RBS fined ?14.5million for giving poor mortgage advice to 99% of customers
(27/08 21:07 - Mirror.co.uk)
The Financial Conduct Authority said only two of 164 sales were up to scratch and the firm’s failings “affected every customer” Royal Bank of Scotland was today fined ?14.5million for giving duff mortgage advice to borrowers. A watchdog found...
- Mortgage rates rise for fifth successive month
(27/08 20:15 - What Mortgage)
The average mortgage interest rate increased to 3.15 per cent in June, rising for the fifth month in a row. New figures from the Council of Mortgage Lenders (CML) show that although the current rate remains a long way short of the rates witnessed in...
- Dublin house prices rise 23% in one year
(27/08 19:25 - Guardian.co.uk)
Figures show Irish economy is emerging from bank nationalisation and job losses but first-time buyers are priced out of market A hoarding advertising property for sale stands outside a housing development in Dublin in 2011. Photograph:...
- Is this proof that the property market has gone mad? 'Uninhabitable' one-bedroom flat in Kensington sells for MORE than its ?600,000 asking price
(27/08 18:07 - Mail Online UK)
With rotting walls, rooms littered with rubbish and just 30 years left on its lease, it has been deemed 'uninhabitable' by estate agents. But astonishingly, this one-bedroom flat in South Kensington, London, has sold for more than its ?600,000 asking...
- Video: RBS fined ?14m over mortgage advice
(27/08 17:26 - Belfast Telegraph)
The city watchdog, the Financial Conduct Authority, will hand out the fine to the bank over the issue of inappropriate mortgage advice.
- Russian bank offers ‘free cat with every mortgage’
(27/08 17:12 - Metro.co.uk)
The ‘free cat’ plan comes alongside a number of cat-themed advertising moves that include a cat logo (Picture: Sberbank) A Russian bank has come up with an unusual strategy to get clients to buy...
- Relief for house hunters as two thirds of sales now BELOW the asking price as the market finally shows signs of cooling
(27/08 17:06 - Mail Online UK)
Two thirds of home buyers paid below the asking price last month amid growing signs that the property market is finally cooling. The number of properties available to buy in each estate agent has increased by 11 per cent – the largest jump in almost...
- Are we finally getting richer?
(27/08 16:49 - Telegraph)
As UK house prices are poised to surge - again - it's easy to think we've never had it so good. But how do our finances compare to the past? We may be out of the recession - but our pockets are hardly overflowing with wealth. UK house prices are expected...
- Say hello, wave goodbye...
(27/08 16:32 - Mortgage Solutions)
A blog is supposed to be personal and reflect the person writing it. So if you will permit me a personal indulgence this one time readers. I hope an awful lot of you will want to contribute alongside my own thank you. Please record your own Grenville...
- GAM unveils MBS fund for recently acquired team
(27/08 16:15 - Money Marketing Online)
:56 pm | By GAM has launched a fund focusing on mortgage-backed securities, managed by the recently hired Gary Singleterry and Tom Mansley. Singleterry and Mansley joined the firm in June when GAM acquired US mortgage and asset-backed securities...
- RBS failed in mortgage business basics and is lucky the fine was just ?14.5m
(27/08 16:13 - Guardian.co.uk)
_ Here's the ABC of running a mortgage business. Firstly, design a decent loan product, secondly make sure the sales force understand it and can talk sensibly to customers about it, and thirdly have the systems in place to process it. RBS (largely...