Latest News

Advisers forecast surge in DB transfer enquiries

Advisers forecast surge in DB transfer enquiries

65% of financial advisers expect client enquiries about transfers from DB to DC pension schemes to increase over the next 12 months, with almost a fifth (19%) expecting a “significant” increase.

28 Mar 2017

81% of advisers back risk-based FSCS levies

81% of advisers back risk-based FSCS levies

63% of advisers believe current FSCS levies are unfair and the vast majority, 81%, are in favour of more risk based levies, according to a poll by Aegon.

28 Mar 2017

Saffron cuts self-build mortgage rates by 1%

Saffron cuts self-build mortgage rates by 1%

Saffron For Intermediaries, the intermediary channel of Saffron Building Society, is running a Spring sale on its self-build mortgages.

28 Mar 2017

Vida cuts buy-to-let rates by up to 0.60%

Vida cuts buy-to-let rates by up to 0.60%

Vida Homeloans has cut its two-year tracker, two-year fixed and five-year fixed rates on buy-to-let products by up to 0.60% and reduced the revert rates across its entire buy-to-let product range.

28 Mar 2017

FCA orders Tesco to pay £85m redress for 'market abuse'

FCA orders Tesco to pay £85m redress for 'market abuse'

The FCA has ordered Tesco to establish a compensation scheme to compensate around 10,000 buyers of Tesco shares and bonds in relation to its overstatement of profits in 2014.

28 Mar 2017

Number of mothers missing out on state pension rights doubles

Number of mothers missing out on state pension rights doubles

New HMRC figures show a doubling in the number of mothers missing out on pension rights because of a change in the rules on child benefit.

27 Mar 2017

Are longer term fixed rates the new norm?

Are longer term fixed rates the new norm?

A few years ago, an innovative building society introduced ground-breaking ‘Fixed for Term’ mortgage products. It launched residential and BTL versions, with various options for Early Repayment Charges. They sold like hot cakes despite having relatively high interest rates.

27 Mar 2017

Leeds BS launches two and five year fixed rates

Leeds BS launches two and five year fixed rates

Leeds Building Society has added new two and five year deals to its range of fixed rate mortgages.

27 Mar 2017

Renewed optimism for second charge in 2017?

Renewed optimism for second charge in 2017?

The second charge lending market grew just 4% in 2016 compared with 34% growth in 2015, but the sector is seeing renewed optimism for 2017, according to Enterprise Finance.

27 Mar 2017

Teachers BS launches intermediary mortgage portal

Teachers BS launches intermediary mortgage portal

Teachers Building Society has launched a new online end-to-end mortgage application portal for intermediaries, who can now register a client, obtain a Decision in Principle, submit an application, upload documents and track their cases online.

27 Mar 2017

 

LendInvest and Pepper launch industry-first partnership

LendInvest and Pepper launch industry-first partnership

LendInvest and Pepper UK have formed what they believe is the industry’s first partnership between a UK online mortgage lender and an outsourced loan servicing business.

27 Mar 2017

BoE stress test to consider 'persistent and intensified' economic slump

BoE stress test to consider 'persistent and intensified' economic slump

The Bank of England's 2017 stress test will include an additional scenario which incorporates a "severe and synchronised UK and global macroeconomic and financial market stress", as well as an independent stress of misconduct costs.

27 Mar 2017

Yorkshire BS launches record-low 65% LTV rates

Yorkshire BS launches record-low 65% LTV rates

Yorkshire Building Society has launched new mortgage rates for borrowers with larger deposits.

27 Mar 2017

Paradigm adds The Nottingham to lender panel

Paradigm adds The Nottingham to lender panel

Paradigm Mortgage Services has added Nottingham for Intermediaries, the dedicated intermediary arm of the Nottingham Building Society, to its lender panel.

27 Mar 2017

Remortgage approvals drop 10% in February: BBA

Remortgage approvals drop 10% in February: BBA

Mortgage approvals fell by 3.5% in February compared to the previous month, whilst remortgaging approvals were "well down on January’s numbers", according to the latest BBA statistics.

27 Mar 2017

Family BS to pay retention proc fees

Family BS to pay retention proc fees

The Family Building Society is now paying retention fees to brokers on advised product switches and further advances for existing borrowers under both the Family Building Society and the legacy National Counties brand.

27 Mar 2017

Tenet urges advisers to consider bereavement needs of clients

Tenet urges advisers to consider bereavement needs of clients

Tenet has prompted its advisers to consider the changing face of bereavement allowance and why financial intervention is so important.

24 Mar 2017

PRA's bank levies to reflect Brexit costs

PRA's bank levies to reflect Brexit costs

The Prudential Regulation Authority has set out its proposed fees and levies for 2017/18, which includes recovering costs incurred by Brexit.

24 Mar 2017

West Brom improves 5-year fixed range with new incentives

West Brom improves 5-year fixed range with new incentives

The West Brom has reviewed its range of five year fixed rate mortgages for borrowers with smaller deposits or less equity in their current home.

24 Mar 2017

A day in the life of… your client

A day in the life of… your client

It's just gone 8.00am on a Monday morning and I'm on the train heading to London for a number of meetings.

24 Mar 2017

Furness BS appoints new Head of Products

Furness BS appoints new Head of Products

Furness Building Society has announced the appointment of Euan Ballantyne in a new role as Head of Products.

24 Mar 2017

DAs set to respond in force to FSCS consultation, says TMA

DAs set to respond in force to FSCS consultation, says TMA

With a week to go before the FSCS consultation closes, research from TMA Mortgage Club reveals that nearly half (47%) of Directly Authorised advisers are planning on responding to the paper.

24 Mar 2017

February's higher volumes show year-on-year rise in mortgage market

February's higher volumes show year-on-year rise in mortgage market

In February, gross mortgage borrowing totalled £13.4bn according to the British Bankers' Association - 2.5% higher than the same period last year.

24 Mar 2017

House price growth in cities slows to 6.4%

House price growth in cities slows to 6.4%

A house price index from Hometrack UK shows that house price inflation in cities is 1.2% lower, at 6.4%, than it was in 2016.

24 Mar 2017

New Street overhauls BTL proposition including 125% rental cover

New Street overhauls BTL proposition including 125% rental cover

New Street Mortgages has made comprehensive changes to its buy-to-let proposition which will be effective as of the 28th March.

24 Mar 2017

Age Partnership launches app for its business partners

Age Partnership launches app for its business partners

Age Partnership has launched a new app, iRefer, for its business partners which will give them the ability to refer clients whilst on the move.

24 Mar 2017

New 'super' trade body to be named UK Finance

New 'super' trade body to be named UK Finance

The new trade body, which merges six existing associations, has been named UK Finance - Representing UK Finance and Banking, by unanimous decision from its interim Main Board.

23 Mar 2017

MT Finance announces £125m loan acquisition deal

MT Finance announces £125m loan acquisition deal

MT Finance Limited has today announced it has entered into a relationship with an unnaned global institutional investment manager which will initially acquire £125m of bridging loan assets from the lender, with an option to acquire a further £125m.

23 Mar 2017

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