Kevin Rose

United Kingdom

Editor and Owner at BestAdvice

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Articles

Property Soup says: Agents deserve clarity, not confusion, after Material Information withdrawal

1 week ago | propertysoup.co.uk | Robyn Hall |Kevin Rose

As long-standing professionals in the UK property sector, we’ve seen my fair share of regulatory change. But few shifts have landed with the same suddenness – and potential for disruption – as the withdrawal of the Material Information guidance this week. Effective immediately, all previously issued guidance to help agents meet their legal obligations under the Consumer Protection from Unfair Trading Regulations 2008 has been removed.
Call for FCA to curb rise of consumer debt

Feb 10, 2025 | mortgagesoup.co.uk | Kevin Rose

With a November rise in Bank Rate looking likely, Citizens Advice is urging the Financial Conduct Authority (FCA) to take action now to help people who are already struggling to repay their debts. The Bank of England consumer credit statistics, published yesterday, show that consumer borrowing has risen by 9.9% in the year to September 2017, now totalling £204 billion. Earlier this month, the FCA revealed that half of people are financially vulnerable and eight million are already over-indebted.
Borro: slow lending hitting SME investment

Feb 10, 2025 | mortgagesoup.co.uk | Kevin Rose

Borro has warned that the banking industry must improve speed of access to finance for business owners, or risk a continued slowdown in business investment. The short term lender issued its warning after the ONS released its quarterly GDP data. According to the preliminary data, UK gross domestic product (GDP) was estimated to have increased by 0.3% in Quarter 1 (Jan to Mar) 2017, the slowest rate of growth since Quarter 1 2016.
Improvement in home purchase fall-through rate

Feb 10, 2025 | mortgagesoup.co.uk | Kevin Rose

Home buyer Quick Move Now has reported that the number of house sales failing to successfully complete decreased in the second quarter of 2017, with more than one in four house sales falling through before completion compared to one in three seen in the previous quarter. Its data indicate that 26% of all house sales across England and Wales fell through before completion in Q2 which was a massive decrease from 35% seen in the previous quarter.
"Hugely disappointing" govt decision over pensions cold-calling

Feb 10, 2025 | mortgagesoup.co.uk | Kevin Rose

The government has decided not to legislate to ban pensions cold-calling. Peta Buscombe, Conservative member of the House of Lords and parliamentary under-secretary of state for work and pensions told the chamber that the Financial Guidance bill would not contain a move to outlaw cold-calling.
Keith Street to leave Northview Group

Feb 10, 2025 | mortgagesoup.co.uk | Kevin Rose

Keith Street, vice chairman, group lending, at The Northview Group has decided to retire at the end of 2017 from his full time operational role, after 15 years with the company. Street wrote on LinkedIn: “Well after what will be nearly 16 years with Kensington I shall be leaving at the end of this year. “I will be sad to depart as I have enjoyed my time and it’s been a pleasure to work with so many good people, and achieve so much.
Second charge new business up by a quarter

Feb 10, 2025 | mortgagesoup.co.uk | Kevin Rose

The Finance & Leasing Association (FLA) has revealed its members’ new business figures for the second charge mortgage market in May 2017. During the month, £87m of second charge new business was completed, up 26% year-on-year. For the year to the end of May, £259m has been transacted, at 25% rise on the same period last year.
Loughborough BS joins Paradigm lender panel

Nov 4, 2024 | mortgagesoup.co.uk | Kevin Rose |Kevin Rose

Paradigm has announced the addition of Loughborough Building Society to its lender panel. Member firms of the mortgage, protection, and compliance service provider now have access to Loughborough’s range of mortgage products, which include home purchases, remortgaging, large loans, buy-to-let, borrowing into retirement, first-time buyers, family assist schemes, shared ownership, buy for university and holiday lets.
Go Commercial Finance expands panel

Nov 4, 2024 | mortgagesoup.co.uk | Kevin Rose

Go Commercial Finance has added Atom Bank to its lender panel. The move provides clients immediate access to buy-to-let products catering for both commercial, residential portfolio and non-portfolio landlords. The Atom portfolio range of products is tailored to landlords with large and more complex property portfolios where mortgage applications require expert underwriting and support.
Equity release market breaks £3bn barrier

Nov 4, 2024 | mortgagesoup.co.uk | Kevin Rose

Key Retirement has reported that retired homeowners released over £3 billion of property wealth last year as the equity release market expanded at a record rate. Homes paid out more than £8.2 million a day last year to pensioners with the average retired homeowner using £77,380 of property wealth to boost their standard of living.