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Ten years of learning on our tenth anniversary

Ten years of learning on our tenth anniversary

Its August 2007. Queues are forming outside Northern Rock. The first signs of the financial chaos taking shape that would knock the world sideways over the years to come. And after 28 years of life with HSBC, I took the plunge to leave the Bank and set up my own commercial finance business!

17 Nov 2017

Santander appoints three BDMs

Santander appoints three BDMs

Santander for Intermediaries has appointed three new Business Development Managers.

17 Nov 2017

In the Spotlight with Steve Bryan, The Exeter

In the Spotlight with Steve Bryan, The Exeter

We spoke to Steve Bryan, Director of Distribution and Marketing at The Exeter, about the Exeter's plans in the adviser market and what brokers can do to improve the perception of protection.

17 Nov 2017

Equity release lending hits new high despite uncertain housing market

Equity release lending hits new high despite uncertain housing market

The number of homeowners releasing equity from their properties hit a new high in October, despite the issues facing the wider UK housing market, according to the latest figures from Responsible Equity Release.

17 Nov 2017

Nationwide joins Equity Release Council after market entrance

Nationwide joins Equity Release Council after market entrance

Nationwide has become a member of The Equity Release Council after announcing its entrance into the lifetime mortgage market.

17 Nov 2017

The Coventry launches new Flexx for Term rates with no 0.25% rise

The Coventry launches new Flexx for Term rates with no 0.25% rise

Coventry for intermediaries has launched new Flexx for Term buy-to-let mortgages between 50% and 70% LTV.

17 Nov 2017

Haart calls for Stamp Duty cut as FTB house prices soar 11%

Haart calls for Stamp Duty cut as FTB house prices soar 11%

First-time buyer house prices have risen 11.5% annually and deposits have jumped by 15%, according to the latest data from estate agents Haart.

17 Nov 2017

Al Rayan bank cuts Home Purchase Plan rates by 0.25%

Al Rayan bank cuts Home Purchase Plan rates by 0.25%

Al Rayan Bank (UK) has decreased rental rates across its entire range of discounted variable Home Purchase Plans by 0.25%.

17 Nov 2017

Nationwide launches lifetime mortgage product

Nationwide launches lifetime mortgage product

Nationwide Building Society has launched a lifetime mortgage product, becoming the only major high street mortgage lender to offer a product of this kind in the equity release market.

17 Nov 2017

Nationwide reports fall in profits as mortgage conditions toughen

Nationwide reports fall in profits as mortgage conditions toughen

Nationwide has reported a 4% dip in H1 profits which it has attributed to low interest rates and tougher conditions in the mortgage market.

17 Nov 2017

 

Health Shield acquires PMI protection provider

Health Shield acquires PMI protection provider

Health cash plan provider Health Shield has announced the acquisition of Medex Protect, a specialist PMI excess and shortfall protection provider.

17 Nov 2017

Scotland defies UK slowdown with 5.6% annual growth

Scotland defies UK slowdown with 5.6% annual growth

Scottish house prices saw monthly growth of 1.4% in September, boosting annual performance in the country to 5.6% - more than triple the growth rate of England and Wales as a whole which grew by 1.7%, according to the latest Your Move data.

17 Nov 2017

2017 a ‘cracking’ year for secured loans

2017 a ‘cracking’ year for secured loans

With apologies to the late Peter Sallis, who voiced Wallace in the Wallace & Gromit films, and whose catchphrase I have adapted, I am sure his character would have been impressed with the progress of secured loans had he been a mortgage broker rather than a cheese lover.

16 Nov 2017

All about the pounds and pence: tackling misconceptions about advice

All about the pounds and pence: tackling misconceptions about advice

For all the talk of intermediary dominance when it comes to the distribution of mortgage products, there were some sobering statistics within the recent Legal & General Mortgage Club’s research on the value of a mortgage broker, that should solidify in all our minds just how far the sector still has to travel.

16 Nov 2017

more 2 life offers underwriter support for complex cases

more 2 life offers underwriter support for complex cases

more 2 life has launched a new initiative to make its senior underwriters available to speak to advisers regarding any difficult or complex customer cases they may have in the pipeline.

16 Nov 2017

Paymentshield launches 'No Excuses' adviser campaign

Paymentshield launches 'No Excuses' adviser campaign

Paymentshield has launched a new campaign aimed at mortgage advisers who have previously struggled to provide their clients with advice on general insurance, highlighting the support now available.

16 Nov 2017

Number of new homes up 15%: DCLG

Number of new homes up 15%: DCLG

DCLG data released today reveals that 15% more homes were created last year than in 2015/16.

16 Nov 2017

Industry raises concerns over abolition of FCA's Approved Persons Register

Industry raises concerns over abolition of FCA's Approved Persons Register

The CISI has raised concerns around the abolition of the FCA's Approved Person’s Register and the potential impact on both firms and consumers.

16 Nov 2017

Together's originations up 65% as loan book grows to £2.37bn

Together's originations up 65% as loan book grows to £2.37bn

Together's results for the quarter ended 30 September 2017 show average monthly loan originations of £125.4m, up 15.8% compared with the previous quarter and up 65.4% on an annual basis.

16 Nov 2017

New build market too dependent on Help to Buy: IMLA

New build market too dependent on Help to Buy: IMLA

Britain’s new build market needs to confront its dependency on the Help to Buy equity loan scheme, according to the Intermediary Mortgage Lenders Association.

16 Nov 2017

LendInvest launches into buy-to-let market

LendInvest launches into buy-to-let market

LendInvest has launched a buy-to-let loan product available through intermediaries, aimed at professional property investors and landlords operating in England, Wales and Scotland.

16 Nov 2017

Life and mortgages after divorce

Life and mortgages after divorce

I was interested to read recently that the Ministry of Justice are planning to roll out a ‘divorce online’ service over the next year or so, making the process easier and quicker for non-contested divorce cases. Given that latest data from the ONS suggests that 42% of all marriages end in divorce, it’s easy to see why a more streamlined process would appeal, as the amount of paperwork involved in processing thousands of divorces per year is quite staggering, I’d suggest, and obviously takes a toll on the judicial system’s infrastructure.

15 Nov 2017

Will a rate rise see lenders approach the first-time buyer sector?

Will a rate rise see lenders approach the first-time buyer sector?

It would appear the Bank of England’s days as an ‘unreliable boyfriend’ are over at least for the short term following November’s MPC meeting and subsequent announcement.

15 Nov 2017

L&G launches rehabilitation support for IP customers

L&G launches rehabilitation support for IP customers

Legal & General has launched a rehabilitation support service for customers of its Income Protection Benefit product.

15 Nov 2017

Mortgage borrowing impacting long term savings and GDP growth, warns NIESR

Mortgage borrowing impacting long term savings and GDP growth, warns NIESR

A UK obsession with home ownership means mortgages are crowding out other forms of long term savings and investment, with potentially significant repercussions for individual pension savings and the UK economy as a whole, according to NIESR research for the ABI.

15 Nov 2017

Nearly half of equity release customers have outstanding mortgage debt

Nearly half of equity release customers have outstanding mortgage debt

45% of those looking to cash in some of their property wealth still owe money on mortgages, research from Key Retirement shows.

15 Nov 2017

TMA launches Base Rate Hub

TMA launches Base Rate Hub

TMA has launched a Base Rate Hub for advisers, providing the latest updates on the Club’s lender panel and news relating to the recent base rate change.

15 Nov 2017

Second charge lending shows 'sustained growth' with 10% annual rise

Second charge lending shows 'sustained growth' with 10% annual rise

The second charge market is showing sustained growth with seven consecutive months of increased annualised lending which totalled £979m for the year to September 2017, up 10% on the same time last year, according to Enterprise Finance data.

15 Nov 2017

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