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Renewed optimism for second charge in 2017?

Just in
Renewed optimism for second charge in 2017?

The second charge lending market grew just 4% in 2016 compared with 34% growth in 2015, but the sector is seeing renewed optimism for 2017, according to Enterprise Finance.

27 Mar 2017

Just in
Teachers BS launches intermediary mortgage portal

Just in
Teachers BS launches intermediary mortgage portal

Teachers Building Society has launched a new online end-to-end mortgage application portal for intermediaries, who can now register a client, obtain a Decision in Principle, submit an application, upload documents and track their cases online.

27 Mar 2017

LendInvest and Pepper launch industry-first partnership

LendInvest and Pepper launch industry-first partnership

LendInvest and Pepper UK have formed what they believe is the industry’s first partnership between a UK online mortgage lender and an outsourced loan servicing business.

27 Mar 2017

BoE stress test to consider 'persistent and intensified' economic slump

BoE stress test to consider 'persistent and intensified' economic slump

The Bank of England's 2017 stress test will include an additional scenario which incorporates a "severe and synchronised UK and global macroeconomic and financial market stress", as well as an independent stress of misconduct costs.

27 Mar 2017

Yorkshire BS launches record-low 65% LTV rates

Yorkshire BS launches record-low 65% LTV rates

Yorkshire Building Society has launched new mortgage rates for borrowers with larger deposits.

27 Mar 2017

Paradigm adds The Nottingham to lender panel

Paradigm adds The Nottingham to lender panel

Paradigm Mortgage Services has added Nottingham for Intermediaries, the dedicated intermediary arm of the Nottingham Building Society, to its lender panel.

27 Mar 2017

Remortgage approvals drop 10% in February: BBA

Remortgage approvals drop 10% in February: BBA

Mortgage approvals fell by 3.5% in February compared to the previous month, whilst remortgaging approvals were "well down on January’s numbers", according to the latest BBA statistics.

27 Mar 2017

Family BS to pay retention proc fees

Family BS to pay retention proc fees

The Family Building Society is now paying retention fees to brokers on advised product switches and further advances for existing borrowers under both the Family Building Society and the legacy National Counties brand.

27 Mar 2017

Tenet urges advisers to consider bereavement needs of clients

Tenet urges advisers to consider bereavement needs of clients

Tenet has prompted its advisers to consider the changing face of bereavement allowance and why financial intervention is so important.

24 Mar 2017

PRA's bank levies to reflect Brexit costs

PRA's bank levies to reflect Brexit costs

The Prudential Regulation Authority has set out its proposed fees and levies for 2017/18, which includes recovering costs incurred by Brexit.

24 Mar 2017

 

West Brom improves 5-year fixed range with new incentives

West Brom improves 5-year fixed range with new incentives

The West Brom has reviewed its range of five year fixed rate mortgages for borrowers with smaller deposits or less equity in their current home.

24 Mar 2017

A day in the life of… your client

A day in the life of… your client

It's just gone 8.00am on a Monday morning and I'm on the train heading to London for a number of meetings.

24 Mar 2017

Furness BS appoints new Head of Products

Furness BS appoints new Head of Products

Furness Building Society has announced the appointment of Euan Ballantyne in a new role as Head of Products.

24 Mar 2017

DAs set to respond in force to FSCS consultation, says TMA

DAs set to respond in force to FSCS consultation, says TMA

With a week to go before the FSCS consultation closes, research from TMA Mortgage Club reveals that nearly half (47%) of Directly Authorised advisers are planning on responding to the paper.

24 Mar 2017

February's higher volumes show year-on-year rise in mortgage market

February's higher volumes show year-on-year rise in mortgage market

In February, gross mortgage borrowing totalled £13.4bn according to the British Bankers' Association - 2.5% higher than the same period last year.

24 Mar 2017

House price growth in cities slows to 6.4%

House price growth in cities slows to 6.4%

A house price index from Hometrack UK shows that house price inflation in cities is 1.2% lower, at 6.4%, than it was in 2016.

24 Mar 2017

New Street overhauls BTL proposition including 125% rental cover

New Street overhauls BTL proposition including 125% rental cover

New Street Mortgages has made comprehensive changes to its buy-to-let proposition which will be effective as of the 28th March.

24 Mar 2017

Age Partnership launches app for its business partners

Age Partnership launches app for its business partners

Age Partnership has launched a new app, iRefer, for its business partners which will give them the ability to refer clients whilst on the move.

24 Mar 2017

New 'super' trade body to be named UK Finance

New 'super' trade body to be named UK Finance

The new trade body, which merges six existing associations, has been named UK Finance - Representing UK Finance and Banking, by unanimous decision from its interim Main Board.

23 Mar 2017

MT Finance announces £125m loan acquisition deal

MT Finance announces £125m loan acquisition deal

MT Finance Limited has today announced it has entered into a relationship with an unnaned global institutional investment manager which will initially acquire £125m of bridging loan assets from the lender, with an option to acquire a further £125m.

23 Mar 2017

TFC Homeloans partners with Axis Bank

TFC Homeloans partners with Axis Bank

Packager TFC Homeloans has linked up with specialist buy-to-let lender Axis Bank UK.

23 Mar 2017

Mortgage affordability improving despite house price rises: MAB

Mortgage affordability improving despite house price rises: MAB

New research from Mortgage Advice Bureau suggests that mortgage affordability is improving, despite ongoing increases in house prices in many areas of the UK.

23 Mar 2017

Advisers see 'surge in demand' for ISA transfers

Advisers see 'surge in demand' for ISA transfers

Advisers are seeing a surge in demand for ISA transfers as savers worry about a lack of real savings choice, new research from MetLife shows.

23 Mar 2017

Scrap pensions 'triple lock', says Cridland report

Scrap pensions 'triple lock', says Cridland report

The state pension age should be pushed back a year to 68 to cut the UK’s £100bn a year pension costs and scrap the 'triple lock', according to an independent review by John Cridland which was commissioned by the government.

23 Mar 2017

Gross mortgage lending reaches £18.2bn in February: CML

Gross mortgage lending reaches £18.2bn in February: CML

The Council of Mortgage Lenders estimates that gross mortgage lending reached £18.2 billion in February. This is 8% lower than January’s lending total of £19.8 billion, and closely matches the £18.1 billion lent in February last year.

23 Mar 2017

Furness BS scraps ICR for buy to let

Furness BS scraps ICR for buy to let

Furness Building Society has scrapped ICR for buy to let assessments and also launched a new range of BTL products.

23 Mar 2017

Magellan agrees to distribute products via TMA

Magellan agrees to distribute products via TMA

Magellan Homeloans, the specialist mortgage lender, has reached agreement to distribute its range of mortgage products via The Mortgage Alliance.

23 Mar 2017

Over-65s property wealth at new high

Over-65s property wealth at new high

New analysis from Key Retirement has highlighted that over-65 homeowners’ property wealth has hit a new record of £1.072tr.

22 Mar 2017

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