Latest News

Housing market remains solid post-election: MAB

Housing market remains solid post-election: MAB

Whilst some commentators had suggested that the UK housing market would see a slow-down in June due to the Election, Mortgage Advice Bureau says that "in reality, the UK housing market remained solid with very little change on the previous month".

27 Jul 2017

Lloyds to repay £283m to 590,000 mortgage arrears customers

Lloyds to repay £283m to 590,000 mortgage arrears customers

Lloyds Banking Group has announced that it will reimburse 590,000 customers who fell into mortgage arrears between 2009 and 2016.

27 Jul 2017

Magellan launches new mortgage portal

Magellan launches new mortgage portal

Magellan Homeloans has launched a new mortgage portal - Magellan Hub - which enables mortgage intermediaries to submit DIPs and full mortgage applications, in addition to tracking client cases online.

27 Jul 2017

RBS agrees alternative remedies package for Williams & Glyn

RBS agrees alternative remedies package for Williams & Glyn

RBS has confirmed that the Treasury has reached an agreement in principle with the EC Commissioner responsible for competition over an alternative package to RBS spinning off challenger bank Williams & Glyn.

27 Jul 2017

AOBP fills last Executive Committee post

AOBP fills last Executive Committee post

The Association of Bridging Professionals has appointed a fourth new Executive Committee member, Jordan McBriar, to complete its new look team.

27 Jul 2017

Quarterly equity release lending tops £700m for first time

Quarterly equity release lending tops £700m for first time

Over-55s withdrew a total of £701 million from their homes in Q2 - the highest figure in any single quarter since The Equity Release Council started recording quarterly activity in 2002.

27 Jul 2017

Brightstar appoints three new department heads

Brightstar appoints three new department heads

Brightstar Financial has made three internal promotions to create new department heads.

27 Jul 2017

Accord Buy to Let launches 14 new three and five-year fixes

Accord Buy to Let launches 14 new three and five-year fixes

Accord Buy To Let has expanded its range of three and five-year fixed rate buy-to-let mortgages up to 75% LTV.

26 Jul 2017

FCA creates Head of Department for Scotland

FCA creates Head of Department for Scotland

The FCA has announced the appointment of Maggie Craig as the Head of Department, Scotland - a new role created to take forward the FCA’s presence in Scotland.

26 Jul 2017

Fleet Mortgages launches lowest 2017 rates

Fleet Mortgages launches lowest 2017 rates

Fleet Mortgages has launched four new products including its lowest rates this year for two and five-year fixes in its Standard (Individual) range.

26 Jul 2017

 

FCA to extend Senior Managers Regime to all regulated firms

FCA to extend Senior Managers Regime to all regulated firms

The FCA has today published proposals to extend the Senior Managers and Certification Regime to "almost all regulated firms", effectively replacing the Approved Persons Regime.

26 Jul 2017

Pension withdrawals hit post-freedom high

Pension withdrawals hit post-freedom high

Pension withdrawals are continuing to rise with 200,000 individuals taking £1.86 billion from their funds in Q2 - the highest quarterly figure since the pension freedoms were introduced in 2015, HMRC data shows.

26 Jul 2017

Mortgage borrowing up 6% but approvals slip: UK Finance

Mortgage borrowing up 6% but approvals slip: UK Finance

June's gross and net mortgage borrowing levels are both higher than a year ago, according to the latest High Street Banking figures from new trade body UK Finance.

26 Jul 2017

Metro Bank doubles Q2 profits as trading plan raises £278m

Metro Bank doubles Q2 profits as trading plan raises £278m

Metro Bank has announced Q2 pre-tax profits of £4m - double the £2m profit recorded in Q1.

26 Jul 2017

Q2 GDP growth remains 'lacklustre' at 0.3%

Q2 GDP growth remains 'lacklustre' at 0.3%

UK GDP increased by 0.3% in Q2, according to the latest ONS statistics.

26 Jul 2017

Shawbrook partners with AToM to offer 55 Plus product

Shawbrook partners with AToM to offer 55 Plus product

Shawbrook Bank has partnered with AToM to provide a packaging service for its 55 Plus Interest-Only Mortgage.

26 Jul 2017

Conveyancing output surges 69% as workload increases

Conveyancing output surges 69% as workload increases

Productivity levels in the conveyancing market have soared by 69% in the past four years, from 71 cases per year in 2012 to 120 cases per year in 2016, according to Search Acumen data.

26 Jul 2017

Precise revamps Help to Buy range

Precise revamps Help to Buy range

Precise Mortgages has made a series of enhancements to its Help to Buy range, backed up by a service commitment to ensure cases are turned around within three weeks.

26 Jul 2017

Coventry cuts five-year fixed rates by up to 0.24%

Coventry cuts five-year fixed rates by up to 0.24%

Coventry for intermediaries has reduced residential five-year fixed rates by up to 0.24%.

26 Jul 2017

Accord amends BTL criteria ahead of PRA changes

Accord amends BTL criteria ahead of PRA changes

Accord Buy To Let has updated its lending criteria for portfolio landlords in accordance with stricter underwriting standards which come into effect on 30 September.

25 Jul 2017

Nationwide relaunches three-year fixed rates

Nationwide relaunches three-year fixed rates

From tomorrow, Nationwide Building Society is reintroducing its three-year fixed rate mortgage range.

25 Jul 2017

New industry body for data movement and automation launches

New industry body for data movement and automation launches

A new, independent industry body for Standards and Governance has launched in a bid to revolutionise data movement and automation processes in the long-term savings, investment and protection markets.

25 Jul 2017

Virgin Money launches custom build and shared ownership ranges

Virgin Money launches custom build and shared ownership ranges

Virgin Money has extended its new build proposition with the launch of new custom build and shared ownership ranges.

25 Jul 2017

Government to ban new build leaseholds

Government to ban new build leaseholds

The government has set out new proposals to ban new build houses being sold as leasehold as well as setting ground rents - which in some cases are doubling every 10 years - to zero levels.

25 Jul 2017

Mortgage Advice Bureau revenue up 15% in H1

Mortgage Advice Bureau revenue up 15% in H1

Mortgage Advice Bureau has reported a 15% rise in revenue to £49 million in H1 2017, driven by a 14% increase in the average number of advisers to 974 over the period.

25 Jul 2017

SimplyBiz launches new DB pension transfer bureau

SimplyBiz launches new DB pension transfer bureau

The SimplyBiz Group has launched a new DB pension transfer bureau in partnership with Creative Wealth Management.

25 Jul 2017

First-time buyer sales up 30% as market 'bounces back': NAEA

First-time buyer sales up 30% as market 'bounces back': NAEA

The housing market 'bounced back' in June after the period of political uncertainty, as demand rose but supply fell further, according to the National Association of Estate Agents.

25 Jul 2017

Mortgage lenders beginning to push boundaries, warns BoE

Mortgage lenders beginning to push boundaries, warns BoE

The Bank of England says it is seeing "some tentative signs of boundaries being pushed in mortgage lending", warning that the industry could be entering a "spiral of complacency".

25 Jul 2017

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