Latest News

Getting out on the road

Getting out on the road

One of the highlights of the last few months has been taking part in the Specialist Lending Roadshows organised by Financial Reporter.

29 Nov 2016

Fee-free mortgages double in 2016

Fee-free mortgages double in 2016

The number of fee-free deals available to those looking for a fixed-rate mortgage has more than doubled over the past year, according to Moneyfacts data.

29 Nov 2016

MPC denies low interest rates are hurting savers

iStock_000009992808Large.jpg

MPC denies low interest rates are hurting savers

External MPC member Gertjan Vlieghe has hit back at arguments that low interest rates hurt savers, because savers hold significant amounts of non-deposit assets, such as property, which benefit from low interest rates and asset purchases.

29 Nov 2016

L&G and Coventry announce general insurance partnership

L&G and Coventry announce general insurance partnership

Legal & General and Coventry Building Society have today announced a five year partnership to offer general insurance products to the Society’s members.

29 Nov 2016

Mortgage approvals rebound to seven-month high: BoE

Mortgage approvals rebound to seven-month high: BoE

Mortgage approvals rose from 62,932 in September to 67,518 in October, according to the latest Bank of England Money and Credit figures.

29 Nov 2016

New financial protection proposals 'biggest in a generation'

New financial protection proposals 'biggest in a generation'

The Payments Strategy Forum - whose members include consumer groups, businesses, fintechs, UK banks and building societies - has recommended a new way of making payments that promises greater financial protection and security for consumers and businesses.

29 Nov 2016

LendInvest cuts minimum loan size to £75,000

LendInvest cuts minimum loan size to £75,000

LendInvest has reduced the minimum loan size across its suite of bridging finance products to £75,000.

29 Nov 2016

Al Rayan Bank launches in Scotland

Al Rayan Bank launches in Scotland

Al Rayan Bank has opened an office in Glasgow to become the first wholly Sharia compliant retail bank in Scotland.

29 Nov 2016

DWP confirms 2.5% triple lock increase

DWP confirms 2.5% triple lock increase

The DWP has confirmed the increase in next year's state pension will be 2.5%, sticking to its pledge despite calling for the abolition of the triple lock earlier this month.

29 Nov 2016

FCA to review rent to own, guarantor and payday loans

FCA to review rent to own, guarantor and payday loans

The FCA has today launched a call for evidence on how the wider high cost credit market is working - including rent to own and guarantor loans - to find out how firms are treating their customers.

29 Nov 2016

 

The Mortgage Lender adds two distributors to panel

The Mortgage Lender adds two distributors to panel

The Mortgage Lender has added two further distributors to its panel - The Lending Channel and The Right Mortgage Network, increasing its total distribution panel to more than 30.

28 Nov 2016

Autumn Statement – a new look at how pension benefits are drawn

Autumn Statement – a new look at how pension benefits are drawn

In his first (and last) Autumn Statement Philip Hammond, the Chancellor, announced that he intended to reduce the Money Purchase Annual Allowance from £10,000 to £4,000 from April 2017. The Government will be consulting on whether £4,000 conflicts with Auto-Enrolment for those who remain in employment after they first draw their benefits.

28 Nov 2016

Masthaven Bank opens for business

Masthaven Bank opens for business

New challenger bank, Masthaven, launches today, offering a range of savings and lending products with plans to launch into the mortgage market in early 2017.

28 Nov 2016

First-time buyer sales hit record high: NAEA

First-time buyer sales hit record high: NAEA

32% of total sales made were to first-time buyers in October – a 9% rise from September and the highest number since National Association of Estate Agents records began 16 years ago in 2000.

28 Nov 2016

Vida Homeloans partners with e.surv

Vida Homeloans partners with e.surv

e.surv has partnered with Vida Homeloans to become the new mortgage lender's lead valuer and panel manager.

28 Nov 2016

SimplyBiz and Paragon launch secured loans proposition

SimplyBiz and Paragon launch secured loans proposition

SimplyBiz Mortgages has partnered with Paragon Personal Finance to launch a secured loans panel.

28 Nov 2016

LV= bolsters protection rehabilitation offering

LV= bolsters protection rehabilitation offering

LV= has expanded its protection team to help build and develop its early intervention services and ensure income protection claimants have all the help they need during their recovery to either stay in work or return to work.

28 Nov 2016

True Potential approved by The Pensions Regulator

True Potential approved by The Pensions Regulator

Wealth Management firm, True Potential, has been listed as an approved provider of workplace pensions by The Pensions Regulator.

28 Nov 2016

TFC Homeloans reduces fees

TFC Homeloans reduces fees

Specialist distributor TFC Homeloans has reduced fees across its specialist funding solutions, including first charge residential, second charge, buy-to-let and bridging business on a single property.

28 Nov 2016

FCA: annuity providers must reveal best open market rates

FCA: annuity providers must reveal best open market rates

New FCA rules will require annuity providers to give customers a comparison quote, showing them how much more they could get if they purchased an annuity on the open market.

28 Nov 2016

In the Spotlight with Phil Goff, SortRefer

In the Spotlight with Phil Goff, SortRefer

We spoke to Phil Goff, Head of Sales at SortRefer, about what action is needed to help first time buyers, how the homebuying process should be simplified, and Ed Balls' Strictly performance.

25 Nov 2016

House price to earnings ratio hits record high

House price to earnings ratio hits record high

The disparity between average earnings and house prices is reaching record levels in certain parts of the country, according to the latest Hometrack UK Cities Index.

25 Nov 2016

Demand for equity release qualifications up by a quarter

Demand for equity release qualifications up by a quarter

The London Institute of Banking & Finance says registrations for its Certificate in Equity Release qualification have increased by more than a quarter over the past year.

25 Nov 2016

Housing shortfall to rise by over 300,000 by 2020: Aldermore

Housing shortfall to rise by over 300,000 by 2020: Aldermore

If current building levels are maintained, the UK’s housing shortfall will rise by a further 318,632 homes by 2020, according to Aldermore analysis.

25 Nov 2016

The twofold problem for first-time buyers

The twofold problem for first-time buyers

The question of how we solve the home ownership ‘crisis’ in this country has generated significant thought and thousands of column inches over the years, and yet we are still at a point where a report into the decline of home ownership is a) still necessary and b) garners plenty of media and industry reaction.

25 Nov 2016

Let’s raise the bar for the lifetime mortgages sector

Let’s raise the bar for the lifetime mortgages sector

November sees the Equity Release Council celebrate its 25th anniversary. It has bought about high standards and professionalism to the lifetime mortgages sector whilst helping to grow the sector. As we look to the future with aims to triple market share, the question to be asked going forwards is ‘how do we take these standards to the next level?’

25 Nov 2016

New investment platform for advisers launches

New investment platform for advisers launches

Financial services technology provider, EValue, has joined forces with fintech firm, Moola, to create a new investment platform for advisers.

25 Nov 2016

Borrowers expect Brexit to spark better mortgage deals

Borrowers expect Brexit to spark better mortgage deals

Almost half (43%) of borrowers believe that market uncertainty following the UK's decision to leave the European Union will enable them to negotiate a better mortgage deal, according to Freedom Finance research.

25 Nov 2016

Our Next Event

Commercial Finance Roadshow May 2017

Commercial Finance Roadshow May 2017

Exeter - 23/05/2017

Southampton - 24/05/2017

Rainham - 25/05/2017

Milton Keynes - 26/05/2017

Register now

Latest Money Careers

Popular this week