Latest News

Second charge lending continues rebound with 29% rise

Second charge lending continues rebound with 29% rise

Second charge mortgage new business saw continued growth in May, rising 26% by value and 29% by volume compared with the same month last year, according to the latest figures from the Finance & Leasing Association.

07 Jul 2017

Royal London to help advisers meet FCA obligations with new service

Royal London to help advisers meet FCA obligations with new service

Royal London has announced the launch of its new Review Service, developed with advisers to provide them with more support in meeting their FCA obligations.

07 Jul 2017

Admin tasks push broker working week over national average

Admin tasks push broker working week over national average

Nearly half (47%) of brokers operating in the fields of property and asset finance regularly work over 50 hours a week, according to United Trust Bank research.

07 Jul 2017

Precise appoints BDM for East Anglia

Precise appoints BDM for East Anglia

Precise Mortgages has appointed Matt Yates to its sales team to provide support to its network of intermediaries in the East Anglia region.

07 Jul 2017

Annual house price growth falls to four-year low: Halifax

Annual house price growth falls to four-year low: Halifax

House prices fell by 1% between May and June - the first monthly decline since January - according to the latest Halifax house price index.

07 Jul 2017

NatWest cuts high-LTV remortgage rates by up to 90bps

NatWest cuts high-LTV remortgage rates by up to 90bps

NatWest has reduced its five-year fixed rate remortgage range by up to 90bps as part of a revamp of its core intermediary range.

06 Jul 2017

Conveyancing: how advisers can tackle the 'necessary evil'

Conveyancing: how advisers can tackle the 'necessary evil'

There are in any market ‘lies, damn lies and statistics’ and with all the references to ‘fake news’ and the like, there is a danger that we could be led to believe that all manner of facts are simply made up. Part of the danger in today’s world is not trusting any information that is made available, and when you have leading politicians saying that we have become ‘fed up with experts’, then you know we’ve been led down an incredibly slippery slope.

06 Jul 2017

Skipton cuts residential and BTL rates by up to 0.28%

Skipton cuts residential and BTL rates by up to 0.28%

Skipton Building Society has cut rates on its five-year fixed rate core residential range.

06 Jul 2017

Fidelity offers up to £1,500 cashback for pension investors

Fidelity offers up to £1,500 cashback for pension investors

Fidelity International has introduced a new cashback offer for pension investors who want to bring together their pension savings from other providers into one place.

06 Jul 2017

Welcome Alok Sharma - here's what the industry would like to see

Welcome Alok Sharma - here's what the industry would like to see

Well, here we are again. It’s time to bid farewell to yet another housing minister and hello to his replacement. So long Gavin Barwell, welcome Mr Alok Sharma.

06 Jul 2017

 

FCA strenghthens anti-money laundering rules

FCA strenghthens anti-money laundering rules

The FCA has introduced new guidance on the treatment of 'politically exposed persons' for anti-money laundering purposes.

06 Jul 2017

Brexit does not mean sacrificing open financial markets: FCA's Bailey

Brexit does not mean sacrificing open financial markets: FCA's Bailey

Andrew Bailey, Chief Executive of the FCA, has said that it will not be necessary to restrict open markets and free trade in financial services post-Brexit "and therefore not necessary to limit the freedom of firms on location".

06 Jul 2017

Equiniti Group acquires loan management firm

Equiniti Group acquires loan management firm

FinTech and regulatory services business, Equiniti Group, has announced the acquisition of Nostrum Group, provider of end-to-end loan management technology that helps lenders provide credit solutions to their customers.

06 Jul 2017

Selectapension suspends new pension transfers on SBS service

Selectapension suspends new pension transfers on SBS service

Selectapension has announced that it is unable to accept new pension transfer analysis cases for a temporary period as it implements changes following an FCA review.

06 Jul 2017

Ingard adopts 360's case management system

Ingard adopts 360's case management system

Compliance network and specialist distributor Ingard is adopting the 360 Lifecycle CRM system.

06 Jul 2017

Annual FCA penalties plummet from £885m to £181m

Annual FCA penalties plummet from £885m to £181m

The total value of financial penalties imposed by the FCA fell from £884.6m in 2015/16 to £181m in 2016/17.

05 Jul 2017

Why wouldn’t you?

Why wouldn’t you?

If I told you you could increase your income by doing something almost identical to what you’re doing now, that wouldn’t increase your hours and wouldn’t mean missing out on the type of work you currently do but, rather, would complement it. What would you say? My guess is unless you willingly want to sabotage your own business you’d say yes. Well, why wouldn’t you? There are no downsides to it, only benefits.

05 Jul 2017

Just Retirement Solutions merges with The Open Market Annuity Service

Just Retirement Solutions merges with The Open Market Annuity Service

Just Group is merging two of its existing businesses, Just Retirement Solutions and The Open Market Annuity Service, to create HUB Financial Solutions - a new business providing services to UK corporates, pension scheme trustees and to their customers and pension scheme members.

05 Jul 2017

Pensions Secretary signals period of stability for tax relief

Pensions Secretary signals period of stability for tax relief

New Secretary of State for Work and Pensions, David Gauke, says he "wouldn’t see any fundamental changes in the near future" to pension tax relief.

05 Jul 2017

TSB temporarily withdraws three and ten-year fixed rates

TSB temporarily withdraws three and ten-year fixed rates

TSB has announced that "for a short period" it will not be offering some mortgages from its range, including its three-year fixed rate house purchase and ten-year fixed rate house purchase and remortgage products.

05 Jul 2017

40% of over-65s on interest-only mortgages

40% of over-65s on interest-only mortgages

41% of over 65 year olds with a mortgage are on an interest-only product, according to research from more 2 life.

05 Jul 2017

The Mortgage Lender cuts five-year fixes by up to 0.71%

The Mortgage Lender cuts five-year fixes by up to 0.71%

The Mortgage Lender has reduced its five-year fixed rate products in Tiers 1-6 by up to 0.71%, with rates now starting from 3.25%.

05 Jul 2017

Former Ipswich CEO joins Teachers

Former Ipswich CEO joins Teachers

Teachers Building Society has appointed Paul Winter onto its Board as a Non-Executive Director.

05 Jul 2017

UK goes 10 years without a rate rise

UK goes 10 years without a rate rise

Today marks the ten year anniversary of the last time there was an interest rate rise in the UK.

05 Jul 2017

Aviva and Royal London launch self-employed pensions recommendation

Aviva and Royal London launch self-employed pensions recommendation

Aviva and Royal London have joined forces to produce a recommendation of how to extend auto enrolment to the self-employed, after data shows that just 1 in 7 contributed to a pension in 2014/15.

05 Jul 2017

Principality increases maximum remortgage LTV to 90%

Principality increases maximum remortgage LTV to 90%

Principality Building Society has increased its maximum loan-to-value from 85% to 90% for customers remortgaging to the Society

04 Jul 2017

Will the race to increase Bank Rate spark a summer of refinance?

Will the race to increase Bank Rate spark a summer of refinance?

It would seem that, despite some disagreement between members of the Monetary Policy Committee, the starting gun might well have been fired on the ‘race’ to increase the Bank Base Rate. Certainly, judging from the minutes and the result of the vote from June’s meeting, there appears to an appetite fornudging BBR back to the 0.5% level it maintained for many years, prior to the rate cut last August.

04 Jul 2017

L&G appoints MD for Individual Annuities

L&G appoints MD for Individual Annuities

Legal & General’s Retail Retirement division has appointed Emma Byron as Managing Director for Individual Annuities.

04 Jul 2017

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