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Total mortgage applications for April 2013 were up by more than 50% year-on-year, fuelled by a monthly spike of 10% according to the National Mortgage Index from Mortgage Advice Bureau.
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According to Rightmove's latest house price index, records are tumbling this month, with property coming to market setting a new record national average asking price.
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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.
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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.
Mortgage News
MAB: Mortgage applications rocket as rates fall
Total mortgage applications for April 2013 were up by more than 50% year-on-year, fuelled by a monthly spike of 10% according to the National Mortgage Index from Mortgage Advice Bureau.
Loans & Lending News
Secured lending breaks £40m barrier for first time in three years
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
Fincorp gets developer out of a tight squeeze
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.
Economy News
Rents up in April - with London hitting new record of £1,110
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
Loan books unwind - but property debt increasingly polarised
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.
Regulation News
Cash rebates only charging aspect advisers must consider part of due diligence
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.
Insurance News
Assurant Intermediary launches B&C Quick Quote facility
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.
Business News
The Loans Engine appoints experienced BDM
As part of its continued growth within the broker market, The Loans Engine has appointed Michelle Blair as a Business Development Manager.
Technology News
Tenet rolls out 'social service' for advisers
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
Bridgewater survey reveals customers still misunderstand equity release
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
Over £1bn invested in ISAs via funds over last 12 months
The Investment Management Association today publishes its monthly authorised investment fund statistics for March 2013:
Surveying & Conveyancing News
National house prices approach £250k - with London prices over double
According to Rightmove's latest house price index, records are tumbling this month, with property coming to market setting a new record national average asking price.
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Protecting income - a building block for financial resilience
"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...."
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"At time of writing, I am actually out of the country, preparing for an appearance at the National Association of Asset and Equipment and Leasing Brokers. We’re looking to build closer ties with their association...."
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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?
- Why cheaper mortgage rates does not equal more loans
- Protecting the consumer
- How social media is changing the world of brokers
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