Top Stories

  • MCD: Bridging firms could still fall under new rules, warns

    In today’s policy paper published by the FCA, the regulator has stated that some bridging firms may still need to prepare to adhere to the Mortgage Credit Directive, despite having exercised its right to shield bridging lending from the new rules. Read more

  • MCD: Firms will be given six-month headstart to implement ru

    The Financial Conduct Authority has today has published its Policy Statement setting out its final rules for implementation of the Mortgage Credit Directive, including the new regime for second charge mortgages. Read more

  • MCD: All remortgagors must undergo affordability assessments

    In the final rules for the Mortgage Credit Directive published today, the FCA stated that there was a "compatibility issue between the MCD and our existing responsible lending regime", and have changed the rules meaning that all consumers who re-mortgage with a new lender must have an affordability assessment, even if the consumer is not looking to borrow more. Read more

  • FCA retracts proposed MCD rules for second charge lenders

    The FCA's final rules for the Mortgage Credit Directive have been published today, with the regulator having amended its original proposals on the requirement for second charge lenders to consider the impact of rate rises on the first charge mortgage. Read more

Latest News

Just in
Savers lose £153m of tax free interest every year

In the Spotlight with Roland McCormack, Intermediary Director at TSB

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MCD: lifetime mortgages could be caught by new rules

MCD: FCA retracts proposed first-charge rate rule for second charge lenders

Registration opens for FSE Manchester

Accord cuts FTB rates

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Land Registry: house prices just £800 below 2007 peak

Shareholders back £5.6bn Aviva and Friends Life merger

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Halifax reduces rates across mortgage range

Kensington completes £497m securitisation

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FCA's Martin Wheatley faces growing MP backlash

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The future for pensions in bankruptcy

In anticipation of the government’s pension reforms, the importance of financial advice has been widely discussed, with online information, forums and seminars for both advisers and retirees becoming increasingly popular.

Latest from Property Reporter

New ruling tests landlords boundaries

House prices a shade under 2007 peak according to Land Registry

Is the property ladder getting shorter?

House price growth declines for seventh consecutive month


Latest from Commercial Reporter

Kensington completes £497m securitisation

TFC Homeloans adds Castle Trust to lender panel

NACFB Commercial Finance Expo sells out

Manchester bridging lender joins the AOBP


Latest Comments

Freelancer Financials
Freelancer Financials 27 Mar 2015

For us that's great news as their lending criteria is Contractor Friendly. They place no restrictions on occupation or earnings which is great news for contractors. We've already placed some of clients...

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Savers don’t seem to have any further good news for the near future, and can only wait for the Bank of England to increase the base rate. Even then, I am not entirely confident that savers will feel any...

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A six month high in the value of lending and a second successive rise in the number of approvals shows that there is plenty of life in the market.

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Once the General Election is behind us, the property market could put the pedal to the floor again.

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For the mortgage market this could mean we see a fall in the costs of fixed rates once more as SWAP rates edge down.

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We need to use every facility we have to create the best outcomes for advisers and their clients and this joining of technology and human being is the best we have to offer.

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The Help to Buy ISA will help some households but we must guard against a situation where house prices rise faster than savings – the fate suffered by previous interventions in this area.

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A new £1,000 Personal Savings Allowance for basic rate taxpayers shows that the Chancellor has come round to our way of thinking, just in time for the last Budget before the General Election.

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Most pensioners across the country will now be considering the best way to use their new freedom and it is likely that many will decide that property investment yields are a more attractive investment

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The newly-announced Help to Buy ISA will no doubt be eagerly received... However, the money could have been better spent addressing the fundamental problems of affordability, high prices and a lack of

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Another reduction in the lifetime allowance is scandalously counter-productive. This pre-election gimmick is a disincentive to save as much as possible for retirement– and therefore it could be harmful...

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Affordability constraints remain a factor for would-be borrowers, but we are still projecting lending to pick up over the next few months.

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In The Spotlight

In the Spotlight with Roland McCormack, Intermediary Director at TSB

We spoke to Roland McCormack, Intermediary Director at TSB about rate rises and the challenges affecting brokers in the current market. Read more

Features

The future for pensions in bankruptcy

In anticipation of the government’s pension reforms, the importance of financial advice has been widely discussed, with online information, forums and seminars for both advisers and retirees becoming increasingly popular. Read more

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