Latest News

HomeServe fined record £30m for mis-selling

Protection

HomeServe fined record £30m for mis-selling

The FCA has issued its largest ever retail fine of £30,647,400 to insurance intermediary HomeServe for serious and long running failings including mis-selling insurance products.

13 Feb 2014

BoE overhauls forward guidance as it keeps interest rates on hold

Latest News

BoE overhauls forward guidance as it keeps interest rates on hold

The Bank of England has signalled it will keep interest rates on hold at the historic low of 0.5% for at least another year, despite predicting strong growth of 3.4% in 2014.

12 Feb 2014

Nucleus launches ISA toolkit for advisers

Savings & Investments

Nucleus launches ISA toolkit for advisers

Nucleus, the adviser influenced wrap, has launched an ISA toolkit for advisers, aimed at ensuring their clients get the most out of the ISA season.

12 Feb 2014

Post Office re-enters buy-to-let market

Mortgages

Post Office re-enters buy-to-let market

Post Office, along with its financial services partner, Bank of Ireland, has today announced the launch of a series of Buy to Let mortgage deals, cementing its position as a challenger to traditional high street mortgage lenders.

12 Feb 2014

CML: December saw 10% dip in BTL loans

Mortgages

CML: December saw 10% dip in BTL loans

Gross buy-to-let advances in December totalled 14,500 loans, which was down 10% compared to November 2013, according to the CML.

12 Feb 2014

Brokers say high street banks are still averse to development finance

Brokers say high street banks are still averse to development finance

59% of brokers working in the development finance sector have said that the last time they approached a high street bank with a proposal for development finance it was rejected.

12 Feb 2014

CML: FTB lending shoots up 37% in December

Mortgages

CML: FTB lending shoots up 37% in December

New CML UK lending data released today shows the total number of loans advanced to first-time buyers in December totalled 26,700, up 1% on November 2013 and an increase of 37% compared to December 2012.

12 Feb 2014

CML: House purchase numbers up 11% in 2013

Mortgages

CML: House purchase numbers up 11% in 2013

The CML has released data from its Regulated Mortgage Survey today which shows that house purchase numbers were up 11% in 2013, with remortgage lending also increasing.

12 Feb 2014

'Triple lock' of regulation could subdue the mortgage market, warns IMLA

Mortgages

'Triple lock' of regulation could subdue the mortgage market, warns IMLA

Mortgage lending is experiencing an overdue recovery that will strengthen in 2014/15, according to a new report from the IMLA – but an untested ‘triple lock’ of regulation may yet dampen future activity and subdue the market.

12 Feb 2014

Smart Money Loans targets Northern Ireland brokers

Smart Money Loans targets Northern Ireland brokers

Smart Money Loans, the specialist second charge distributor, which already has offices in England and Scotland has announced its presence in Northern Ireland to assist local intermediaries with their loan enquiries.

12 Feb 2014

 

Leeds BS increases maximum home loan size

Mortgages

Leeds BS increases maximum home loan size

Leeds Building Society has changed mortgage criteria, including maximum loan size, to help more borrowers.

12 Feb 2014

FS firms need innovative technology to boost customer value

Latest News

FS firms need innovative technology to boost customer value

The managing director of loan and savings management software firm, Phoebus Software, has asked why banks are failing to innovate in their use of technology.

11 Feb 2014

Could the 40-year mortgage boost the housing market?

Mortgages

Could the 40-year mortgage boost the housing market?

Forty-year mortgages that may take two generations to pay off could vastly improve the affordability for borrowers and stimulate growth in the housing market, according to property investment firm Armistead Property.

11 Feb 2014

2014 will be key for secured sector

2014 will be key for secured sector

SPECIAL FEATURE: Steve Walker, MD, Promise Solutions

11 Feb 2014

Wages need to double to keep up with house prices, says Shelter

Mortgages

Wages need to double to keep up with house prices, says Shelter

Average earners in England would need to see their wage more than double to afford their first home, new research from Shelter has found.

11 Feb 2014

Visuals are the answer to increased MMR information demands, says Vizolution

Mortgages

Visuals are the answer to increased MMR information demands, says Vizolution

Vizolution says that introducing visuals to the sales process may be the answer to getting the right information from clients while keeping them engaged.

11 Feb 2014

Islamic Bank of Britain welcomes Sharia-compliant Help to Buy scheme

Mortgages

Islamic Bank of Britain welcomes Sharia-compliant Help to Buy scheme

Islamic Bank of Britain has been working with the UK Government on the development of a Help to Buy: Home Purchase Plan guarantee scheme.

11 Feb 2014

Barclays announces 12,000 job cuts as profits drop

Latest News

Barclays announces 12,000 job cuts as profits drop

In its Results Announcement this morning, Barclays has said it intends to cut up to 12,000 jobs this year, including 7,000 in the UK.

11 Feb 2014

TBMC launches exclusive BTL trackers with Hanley Economic

Mortgages

TBMC launches exclusive BTL trackers with Hanley Economic

TBMC, the buy-to-let and commercial mortgage specialist, has launched two exclusive buy-to-let mortgage products with Hanley Economic Building Society.

11 Feb 2014

Mortgage Trust returns to 80% BTL lending

Mortgages

Mortgage Trust returns to 80% BTL lending

Mortgage Trust has launched a range of 80% LTV buy-to-let products.

11 Feb 2014

LMS launches conveyancing portal for brokers

Legal

LMS launches conveyancing portal for brokers

Legal Marketing Services has launched ‘LMS Select’ – a new online conveyancing portal that will ease the conveyancing process for brokers.

11 Feb 2014

4.1m adults have given up on home ownership

Mortgages

4.1m adults have given up on home ownership

New research from Castle Trust reveals that 4.1 million adults have given up on ever owning their own home, with 1.8 million of these people aged 25 to 44.

11 Feb 2014

Over a million microbusinesses resort to payday loans over banks

Over a million microbusinesses resort to payday loans over banks

UK microbusinesses have little confidence in borrowing from the banks in the near future, reveals Amigo Loans.

10 Feb 2014

Lancashire Mortgage Corporation's Lorenzo takes on Tough Guy Challenge - again!

Latest News

Lancashire Mortgage Corporation's Lorenzo takes on Tough Guy Challenge - again!

A high flyer from Lancashire Mortgage Corporation wants to rally another industry team to take on the notorious Tough Guy Challenge after successfully leading a group of lenders and brokers around the punishing assault course.

10 Feb 2014

78% of IFAs see positive outlook for UK economy this year

Latest News

78% of IFAs see positive outlook for UK economy this year

Matrix Solutions, the business intelligence company for the financial services sector, has today released new research showing that 78% of IFAs expect to see an improvement in the UK economy over the next 12 months.

10 Feb 2014

Regulation specialists command higher pay as roles increase

Latest News

Regulation specialists command higher pay as roles increase

Specialists in regulatory advisory or financial crime roles are particularly heavily sought after, amplified by increasing scrutiny from regulators of smaller and mid-sized financial institutions.

10 Feb 2014

Scottish Widows cuts rates on fixed rate and tracker mortgages

Mortgages

Scottish Widows cuts rates on fixed rate and tracker mortgages

Scottish Widows Bank has announces changes to a number of its products today, including its niche Professional range.

10 Feb 2014

Halifax cuts rates by up to 0.20% on 2-year products

Mortgages

Halifax cuts rates by up to 0.20% on 2-year products

Halifax Intermediaries has today announced a number of changes to its product range, including on first-time buyer and new build mortgages.

10 Feb 2014

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