Latest News

Mortgage lending falls to 12-month low: BoE

Mortgage lending falls to 12-month low: BoE

Net mortgage lending fell to £2.7 billion in April, the lowest since April 2016, according to the latest Bank of England Money and Credit figures.

31 May 2017

The Mortgage Lender increases proc fees by £250

The Mortgage Lender increases proc fees by £250

The Mortgage Lender is marking its one-year anniversary with a £250 increase in procuration fees.

31 May 2017

Remortgaging "propping up" slowing mortgage market: LMS

Remortgaging "propping up" slowing mortgage market: LMS

Remortgaging activity propped up a slowing mortgage market in April, accounting for 33% of total lending, LMS data shows.

31 May 2017

London Money expands second charge offering

London Money expands second charge offering

London Money has expanded its presence in the second charge mortgage market by opening a satellite office in Cardiff.

31 May 2017

New mortgage club The Adviser Alliance open for applications

New mortgage club The Adviser Alliance open for applications

The Adviser Alliance is now open for applications, promising to offer the maximum permitted procuration fee and an enhanced profit share, based on a subscription based business model.

31 May 2017

TSB increases high-LTV rates by 0.10%

TSB increases high-LTV rates by 0.10%

TSB has today announced increases to its residential house purchase and remortgage rates.

30 May 2017

First Complete & Pink report record mortgage and protection sales

First Complete & Pink report record mortgage and protection sales

First Complete and Pink have reported that their mortgage, protection and general insurance sales hit record highs in March 2017.

30 May 2017

Equity release qualification - cutting corners or a sensible option?

Equity release qualification - cutting corners or a sensible option?

The Financial Conduct Authority’s decision not to introduce a standalone equity release qualification has apparently divided the market.

30 May 2017

Retiring at 70 can boost pension income by two-thirds: Aegon

Retiring at 70 can boost pension income by two-thirds: Aegon

People considering retiring could add around £46,388 to their pension savings if they delay taking their pension by five years, according to new research from Aegon.

30 May 2017

National Friendly launches new PMI plans

National Friendly launches new PMI plans

National Friendly has revamped its PMI solution to offer two distinct policies, an In-Patient Plan and a Diagnosis Plus Plan.

30 May 2017

 

Foundation Home Loans appoints Product Manager

Foundation Home Loans appoints Product Manager

Foundation Home Loans appointed Andrew Moss as Product Manager to manage both the company’s product range and proposition, now operating in both the buy-to-let and residential sector.

30 May 2017

Newcastle Intermediaries launches 80% LTV range

Newcastle Intermediaries launches 80% LTV range

Newcastle Intermediaries has launched a new 80% LTV product range with rates from 1.85%.

30 May 2017

Housing demand drops amid election uncertainty: NAEA

Housing demand drops amid election uncertainty: NAEA

The number of house hunters fell in April, as uncertainty triggered by the snap General Election started to take effect, according to the National Association of Estate Agents.

30 May 2017

Masthaven appoints Clever Lending as Premier Partner

Masthaven appoints Clever Lending as Premier Partner

Clever Lending has been appointed as a Premier Partner of Masthaven Bank to distribute its specialist residential and commercial bridging finance products.

30 May 2017

A third of interest-only mortgages to mature by 2020

A third of interest-only mortgages to mature by 2020

Over £50 billion worth of interest-only mortgage capital is due to be paid off by 2020, according to research from Leeds Building Society.

30 May 2017

Social care could change retirement forever

Social care could change retirement forever

We all understand that the elderly population is growing at a great rate. Every government has known this for decades, but few have tried to tackle the causes and effects in any direct way. The reason for this tentative approach is probably down to short-termism – what government is going to risk going after the biggest and most influential voting group in the country when they need to be re-elected five years later? Well, now we know. One that feels so secure in its lead that they can make bold moves without any real fear of defeat.

29 May 2017

The housing challenge for the Northern Powerhouse

The housing challenge for the Northern Powerhouse

It is almost three years since George Osborne, then the Chancellor of the Exchequer, first spoke about his desire to build a Northern Powerhouse. A lot has changed since then, not least for Osborne who is now leaving the House of Commons to pursue a career away from politics’ frontlines.

26 May 2017

FCA reveals final annuity comparison rules for intermediaries

FCA reveals final annuity comparison rules for intermediaries

The FCA has today set out its final rules which require firms to inform consumers how much they could gain from shopping around and switching provider, before they buy an annuity.

26 May 2017

FTBs underestimate mortgage repayments by up to 64%

FTBs underestimate mortgage repayments by up to 64%

The majority of aspiring first-time buyers ‘wildly’ underestimate how much their first home will cost, according to research by My Home Move.

26 May 2017

Will the housing market get a boost from new retirees?

Will the housing market get a boost from new retirees?

Research from Retirement Advantage suggests the UK’s property market may receive a welcome boost from retirees moving house in a bid to bolster their income in retirement.

26 May 2017

HSBC cuts higher-LTV rates by up to 15bps

HSBC cuts higher-LTV rates by up to 15bps

HSBC has made reductions to its higher-LTV rates by up to 15bps.

26 May 2017

more 2 life urges advisers to think outside the box in new campaign

more 2 life urges advisers to think outside the box in new campaign

more 2 life has today launched a campaign urging advisers to see ‘The Bigger Picture’ when communicating with their clients.

26 May 2017

The Mortgage Lender partners with Clever Lending

The Mortgage Lender partners with Clever Lending

The Mortgage Lender has added Clever Lending to its network of distribution partners.

26 May 2017

Pure Funding Solutions adds Octane Capital to panel

Pure Funding Solutions adds Octane Capital to panel

‘Productless’ new lender Octane Capital has been added to Pure Funding Solutions’ panel of lenders.

26 May 2017

Marsden BS appoints two new BDMs

Marsden BS appoints two new BDMs

Marsden Building Society has appointed two new Business Development Managers, Jacqui Turner and Tina Panayi.

26 May 2017

Southern cities see "stark slowdown" in house price growth

Southern cities see "stark slowdown" in house price growth

City level house price growth dropped to 5.3% in April, a significant slowdown from the 8.7% registered in April 2016, according to the latest Hometrack UK Cities House Price Index.

26 May 2017

Added extras or part of the service offering?

Added extras or part of the service offering?

Two articles recently caught my attention. The first commented upon the commission mortgage advisers could be missing out on due to their not reviewing the adequacy of their clients’ home insurance. The second was a report on the Equity Release Council’s white paper, ‘Equity Release Rebooted: The Future of Housing Equity as Retirement Income’, in which it was stated that some equity release advisers need to refresh their soft skills.

25 May 2017

Mortgage broker revenues up 24% as intermediary sales soar: FCA

Mortgage broker revenues up 24% as intermediary sales soar: FCA

Total reported revenue earned from the mediation of regulated mortgages increased by 24% between 2015 and 2016 and by 53% between 2013 and 2016 from £529 million to £807 million, according to the latest FCA data.

25 May 2017

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