Four months after the implementation of the Retail Distribution Review, advisers are optimistic about the future, with 90% of those surveyed still intending to remain trading at the end of 2013.
The number of UK adults who would consider equity release has risen by 23% over the past year according to research from the Equity Release Solicitors’ Alliance.
First-time buyer activity remained strong in March with the number of first-time buyers increasing by 20% according to the Council of Mortgage Lenders.
April witnessed an acceleration in valuations activity, with annual growth reaching 39%, according to chartered surveyors Connells Survey & Valuation.
Hinckley & Rugby Building Society has cut the interest rate on its fee-free lifetime discount mortgage from 3.49 per cent to 3.19 per cent. The overall cost for comparison is 3.30% APR.
Loans & Lending News
The latest Secured Loans Index from Loans Warehouse has shown that secured lending has this month broken the £40,000,000 barrier for the first time in over 3 years.
Commercial Finance News
Bridging lender Fincorp has completed a £900,000 loan secured over two Gloucestershire properties, enabling the conversion of a chapel into a recording studio to be used by a member of 70s band Squeeze.
Rents in April increased to the highest level since November 2012, according to the latest Buy-to-Let Index from LSL Property Services plc, which owns the UK’s largest lettings agent network.
Debt & Insolvency News
Debt held against UK commercial property stood at £197.9bn at the end of 2012, a year-on-year fall of 7.7 per cent, but also revealed continued falls in the value of the worst performing assets.
Today the Financial Conduct Authority confirmed that cash rebates will be banned from 6 April 2014 - unless they are passed on to the client in full in the form of additional units.
Specialist general insurance provider Assurant Intermediary today announces the launch of a new Quick Quote facility solution to help brokers generate buildings and contents insurance quotes quickly and conveniently.
Brian McCormick, head of mortgages at First Trust Bank, has today been appointed the new chairman of CML Northern Ireland. He replaces Derek Wilson of Ulster Bank who has held the position since April 2011.
Tenet has introduced a compliance-approved social media framework for its advisers, following the group’s own corporate entry into the arena earlier this year on Facebook, Linked-In, Twitter, Vimeo and Youtube.
Equity Release & Pensions News
Advisers active in the equity release sector are still having to work hard to allay a significant number of misconceptions held by clients about the products when they offer their advice and recommendations.
Investments & Offshore News
The Investment Management Association today publishes its monthly authorised investment fund statistics for March 2013:
Surveying & Conveyancing News
Households perceived that the value of their homes rose in May, for the second consecutive month, according to the latest House Price Sentiment Index from Knight Frank and Markit.
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Gary Little's Blog: Assurant Intermediary
"While there are glimmers of economic recovery on the horizon, concerns over job insecurity still top the list for many people when it comes to the things they worry about...."
recent blog posts
- Ten reasons to go ethical with investments
- UK’s appetite for owning overseas property returns with a vengeance
- Much ado about nothing
- The moving bridge
- Is it really bridging, or just expensive buy-to-let finance?
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- Protecting the consumer
- How social media is changing the world of brokers
- Making ties with the NAELB
- Working with specialist lenders