Accord Mortgages is reducing rates on a wide range of its residential mortgage products by up to 0.25% at 65%, 70% and 75% LTV as part of its ten-day sale.
Loans & Lending News
Secured loans specialists, The Loans Engine, is continuing its drive to boost consumer end results by partnering with a mortgage club when the Financial Services Expo returns to London this month.
Commercial Finance News
Mortgage distributor 3mc has added Aldermore to its bridging panel and will provide brokers with the choice of either a packaged or ‘club’ bridging service.
Rents have eased slowly up to reach an all-time record high as the rental market approaches its autumn peak, according to the latest Buy-to-Let Index from Your Move and Reeds Rains.
Debt & Insolvency News
The FCA says debt management firms must demonstrate they provide appropriate advice, do not charge unfair fees, and have adequate processes for handling client money when assessments for consumer credit authorisation start next month.
Newgate Compliance, the independent compliance consultancy firm co-founded by former FCA Regulators Martin Herriot and Aron Brown, has completed its first FCA application successfully without delays and beating all timing expectations.
GI provider Select & Protect will be showcasing their new home insurance product at this week’s Financial Services Expo in Old Billingsgate, London.
Challenger bank Aldermore plans to float on the London Stock Exchange in October, reported the BBC this morning.
80% of brokers say that being able to send information to lenders using their smartphones would improve the mortgage or loan process.
Pensions & Equity Release News
One in 14 (7%) non-retired people – the equivalent of around 2.5 million individuals – admit they are planning on selling their primary residence to fund their retirement, according to Baring Asset Management.
Investments & Offshore News
Skipton Building Society has increases rates on its Two Year Fixed Rate ISA to 2.00% while the rate has increased on two, three and five year Fixed Rate Bonds, now paying 2.00%, 2.30% and 3.00%, respectively.
Surveying & Conveyancing News
August has seen an annual drop in UK housing market activity, according to the latest research from Connells Survey & Valuation.
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