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Help to Buy fails to support landlords, says Landlord Assist

Mortgages

Help to Buy fails to support landlords, says Landlord Assist

Tenant referencing and eviction firm Landlord Assist says the Government missed an opportunity to stimulate investment in the BTL sector in the Budget by not including property investors in plans unveiled to assist people purchasing new properties.

25 Mar 2013

Welsh Government announces launch date for NewBuy Cymru

Mortgages

Welsh Government announces launch date for NewBuy Cymru

Minister for Housing and Regeneration, Carl Sargeant, has announced that the Welsh Government’s flagship mortgage guarantee scheme will be launched on 3 June.

25 Mar 2013

Mortgage approvals down in February

Mortgages

Mortgage approvals down in February

The latest data from the British Bankers' Association showed that February's gross mortgage borrowing of £7.8bn was above the recently monthly average.

25 Mar 2013

L&G pays out record number of claims in 2012

Protection

L&G pays out record number of claims in 2012

Legal & General Retail Protection has paid more claims than ever before, a total of £483 milllion combined death and critical illness claims in 2012, up from £441 million in 2011 and over £1.2 billion paid out since 2009.

25 Mar 2013

Tenet extends permanent solution to PII run-off dilemma

Mortgages

Tenet extends permanent solution to PII run-off dilemma

In what is believed to be the first commercially-available product of its kind, Tenet announced the launch of a permanent PII run-off cover policy during 2012 in the run up to RDR to support advisers leaving the industry or selling their practice.

25 Mar 2013

More than a million over-55s still paying mortgages

Mortgages

More than a million over-55s still paying mortgages

More than 1.3 million over-55s households are still paying mortgages with 289,000 over-65s owing money on their home loan, according to analysis by innovative equity release lender More 2 Life.

25 Mar 2013

Brightstar's Rob Collins urges brokers to reconsider commercial mortgages

Brightstar's Rob Collins urges brokers to reconsider commercial mortgages

Brightstar Financial’s commercial mortgage specialist, Rob Collins, is urging brokers to reconsider turning away commercial mortgage enquiries, in the wake of a telephone poll carried out among brokers.

25 Mar 2013

Ed Balls says new mortgage scheme will not exclude people buying second homes

Mortgages

Ed Balls says new mortgage scheme will not exclude people buying second homes

Ed Balls MP, Labour's Shadow Chancellor, responding to revelations that the government's mortgage scheme will not exclude people buying second homes, said:

22 Mar 2013

AXA Wealth has increased the range of available investment funds

Savings & Investments

AXA Wealth has increased the range of available investment funds

In total, AXA Wealth has made 11 Carmignac Gestion funds available through Elevate

22 Mar 2013

Old Burlington Investments launches guide to AIM

Savings & Investments

Old Burlington Investments launches guide to AIM

Old Burlington Investments (OBI), the alternative investments specialist, has launched a detailed educational guide to AIM and the Enterprise Investment Scheme (EIS) as part of its on-going support for financial intermediaries

22 Mar 2013

 

More than half of CTF savers have cut back or stopped investing

Retirement

More than half of CTF savers have cut back or stopped investing

Parents and grandparents should review accounts, says Consumer Intelligence

22 Mar 2013

Legal & General launches a three-year variable-rate 95% mortgage

Mortgages

Legal & General launches a three-year variable-rate 95% mortgage

Legal & General Mortgage Club is pleased to announce the launch of a semi-exclusive three-year variable-rate 5.79% product with Teachers Building Society

22 Mar 2013

Gross remortgage lending slips back in February

Mortgages

Gross remortgage lending slips back in February

LMS figures reveal that monthly gross remortgage lending decreased by £325m in February to £2.6bn. This is down 11.3% on January’s £2.9bn reported by the Council for Mortgage Lenders last week.

22 Mar 2013

Hinckley & Rugby reveals £30m pipeline of mortgage applications

Mortgages

Hinckley & Rugby reveals £30m pipeline of mortgage applications

Hinckley & Rugby Building Society has a £30m pipeline of mortgage applications as it gears up for growth. The trading update comes as members gathered yesterday at the Society’s AGM.

21 Mar 2013

A trip to New York...

A trip to New York...

..the New York Stadium in Rotherham, that is!

21 Mar 2013

Over a third confused over pensions following government changes

Retirement

Over a third confused over pensions following government changes

New research from pension provider Friends Life reveals that following the wide range of rule changes around pension savings in 2012, over a third (36%) of the UK population are now more confused about their pension choices.

21 Mar 2013

Castle Trust welcomes Govt's shared equity approach to housing

Mortgages

Castle Trust welcomes Govt's shared equity approach to housing

The Help to Buy scheme outlined in yesterday’s Budget strengthens the ‘shared equity revolution’ in the mortgage market and supports private sector solutions including Partnership Mortgages, shared equity pioneer Castle Trust says.

21 Mar 2013

27% of house purchases in 2012 over quarter of a million

Mortgages

27% of house purchases in 2012 over quarter of a million

Research by Halifax Intermediaries Premier Mortgages team reveals that properties purchased above £250,000 made up 27% of total transactions in 2012.

21 Mar 2013

L&G launches exclusive 95% LTV from The Cambridge

Mortgages

L&G launches exclusive 95% LTV from The Cambridge

Legal & General Mortgage Club is delighted to announce the launch of an exclusive three-year fixed-rate product with The Cambridge Building Society exclusively through its ARs.

21 Mar 2013

deVere Group CEO says more QE will drive pension pots abroad

Retirement

deVere Group CEO says more QE will drive pension pots abroad

Retirees were dealt a “crushing blow” today, according to the boss of the deVere Group, as George Osborne announced in his 2013 budget that the Bank of England’s controversial QE programme would remain in place.

21 Mar 2013

Help to Buy schemes need to be available through brokers, says First Complete

Mortgages

Help to Buy schemes need to be available through brokers, says First Complete

AR network, First Complete, have reacted to yesterday's Budget announcement of the Help to Buy scheme by suggesting that the schemes should be available through brokers.

21 Mar 2013

Building bans could force a 'bi-polar Britain'

Duncan Kreeger - West One Loans

Building bans could force a 'bi-polar Britain'

Development could be about to get tougher. The struggle to secure funding is sucking the life from new projects, with a quarter of builders reporting problems in getting credit.

20 Mar 2013

Budget 2013: QE extension could cause annuity rate drop, says MGM Advantage

Retirement

Budget 2013: QE extension could cause annuity rate drop, says MGM Advantage

Following the announcement at today's Budget that quantitative easing is to remain in place for the coming year, retirement income specialist MGM Advantage have warned of the consequences for annuity rates.

20 Mar 2013

Budget 2013: Help to Buy scheme announced

Mortgages

Budget 2013: Help to Buy scheme announced

A new scheme, starting 1st April 2013, to 'make the aspiration of home ownership a reality' was announced by the Chancellor in today's budget.

20 Mar 2013

Advisers should be thinking more widely about bridging, says Fincorp

Advisers should be thinking more widely about bridging, says Fincorp

In a post RDR world advisers should be thinking more widely about how bridging fits into clients’ financial planning, says bridging lender Fincorp.

20 Mar 2013

Leeds reduces rate to just 2.09% on 2 year fix

Mortgages

Leeds reduces rate to just 2.09% on 2 year fix

Leeds Building Society has reduced the rate on its 2 year fixed rate mortgage by 0.15% to a new rate of just 2.09% available up to 65% LTV.

20 Mar 2013

Shawbrook completes its largest loan through Y3S

Shawbrook completes its largest loan through Y3S

Market leading secured lender Shawbrook Bank has completed on a £330,000 secured loan, its largest to date.

20 Mar 2013

Gross mortgage lending down 8% in February

Mortgages

Gross mortgage lending down 8% in February

The Council of Mortgage Lenders estimates that total gross mortgage lending declined to £10.5 billion in February.

20 Mar 2013

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