Financial Reporter: Rozi Jones

 

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Mortgage broker revenues up 24% as intermediary sales soar: FCA

Total reported revenue earned from the mediation of regulated mortgages increased by 24% between 2015 and 2016 and by 53% between 2013 and 2016 from £529 million to £807 million, according to the latest FCA data.

Remortgage approvals dip in April: BBA

House purchase and remortgaging approvals fell in April despite record low rates, according to the latest BBA figures.

Secure Trust expands partnership with Brightstar

Secure Trust Bank has extended its partnership with Brightstar Financial to make its mortgages available to more intermediaries across the UK.

UK GDP growth revised down to 0.2%

The ONS has revised down its estimate of GDP growth between Q4 2016 and Q1 2017 by 0.1 percentage points.

Gross mortgage lending drops 11% in April: CML

The Council of Mortgage Lenders estimates that gross mortgage lending reached £18.4 billion in April.

Recently read

Added extras or part of the service offering?

Two articles recently caught my attention. The first commented upon the commission mortgage advisers could be missing out on due to their not reviewing the adequacy of their clients’ home insurance. The second was a report on the Equity Release Council’s white paper, ‘Equity Release Rebooted: The Future of Housing Equity as Retirement Income’, in which it was stated that some equity release advisers need to refresh their soft skills.

Mortgage broker revenues up 24% as intermediary sales soar: FCA

Total reported revenue earned from the mediation of regulated mortgages increased by 24% between 2015 and 2016 and by 53% between 2013 and 2016 from £529 million to £807 million, according to the latest FCA data.

Remortgage approvals dip in April: BBA

House purchase and remortgaging approvals fell in April despite record low rates, according to the latest BBA figures.

Secure Trust expands partnership with Brightstar

Secure Trust Bank has extended its partnership with Brightstar Financial to make its mortgages available to more intermediaries across the UK.

UK GDP growth revised down to 0.2%

The ONS has revised down its estimate of GDP growth between Q4 2016 and Q1 2017 by 0.1 percentage points.

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