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Following a review, Newcastle Building Society Intermediary Services has increased the proc fees it pays to brokers for advising on and introducing residential mortgages from 0.35 to 0.40%.
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Home affordability in UK cities has improved in 51 of 62 cities in the last five years - yet has dropped in the last year, according to the Lloyds Bank Affordable Cities Review.
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The Royal Institution of Chartered Surveyors is calling on the Chancellor to consider adjusting Help to Buy on a regional basis.
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Precise Mortgages, the specialist lender, has launched a BTL Lifetime Tracker product for landlords with properties where two year mortgage deals are not suitable.
Mortgage News
The Newcastle increases proc fees for advisers
Following a review, Newcastle Building Society Intermediary Services has increased the proc fees it pays to brokers for advising on and introducing residential mortgages from 0.35 to 0.40%.
Loans & Lending News
Omni Capital restructure to offer resi & commercial loans up to £250m
Christian Candy-backed Omni Capital, providers of short and medium-term residential property funding, has launched an international structured finance division offering residential and commercial loans of up to £250 million.
Commercial Finance News
Precise launches lifetime BTL tracker product
Precise Mortgages, the specialist lender, has launched a BTL Lifetime Tracker product for landlords with properties where two year mortgage deals are not suitable.
Economy News
Putting the bank rate in historial context - Ray Boulger
Ray Boulger, of independent mortgage adviser John Charcol, comments on today’s statement from the MPC and the mortgage market.
Debt & Insolvency News
Third of people with debt worries say mental health affected
Worrying about debt is putting pressure on some people’s mental and physical health, new research has found.
Regulation News
Compliance 'obsession' holding D2C platforms back
Altus’ latest white paper has found that whilst nearly 90% of firms predict substantial growth in D2C platforms over the next few years, many are being held back by worries over perceived compliance issues.
Insurance News
Uinsure launches broker sales tool
General insurance provider Uinsure has launched an impartial comparison tool to allow brokers to compare products across the market at point of sale.
Business News
Poll reveals advisers are growing more confident year-on-year
Eighty-six per cent of financial advisers are more confident of the prospects for their firm compared to a year ago and 71% have a more optimistic outlook for the wider financial services industry, according to a poll conducted for Bankhall.
Technology News
CMC launches revamped website for brokers
Connect Mortgage Club has relaunched its website to include more tools and services for brokers.
Pensions & Equity Release News
Fresh calls for financial planning to be taught in schools
The basics of financial planning should be taught in British secondary schools and colleges, according to the UK division of one of the world’s largest independent financial advisory organisations.
Investments & Offshore News
New Omnis funds raise £125m in four-week offer period
Openwork’s new multi-asset model portfolios have attracted inflows of £125m during a four-week offer period which ended this week.
Surveying & Conveyancing News
Total Conveyancing Services joins new apprenticeship scheme
Total Conveyancing Services, has joined forces with nine other firms across the UK to develop a new apprenticeship scheme to help people enter the conveyancing profession.
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