Latest News

Up to 70% of retirees missing out on enhanced annuities, says MGM Advantage

Retirement

Up to 70% of retirees missing out on enhanced annuities, says MGM Advantage

According to MGM Advantage, the retirement income specialist, there is a big discrepancy in the enhanced annuity market which needs to be addressed.

25 Feb 2013

Mortgage approvals 14% lower than January 2012

Mortgages

Mortgage approvals 14% lower than January 2012

Data released by the British Bankers' Association today shows that, despite mortgage borrowing being higher than the recent monthly average, mortgage approvals in January wee 14% lower than in January 2012.

25 Feb 2013

54% of equity release customers shop around before opting for a provider

Retirement

54% of equity release customers shop around before opting for a provider

Research by Partnership, one of the UK’s leading enhanced equity release specialists, has found that at least 54% of equity release customers compared quotes before choosing Partnership as their equity release provider.

25 Feb 2013

HML predicts repossessions to drop 2.7% in 2013

Latest News

HML predicts repossessions to drop 2.7% in 2013

Repossessions are set to total 33,000 during 2013, according to HML.

25 Feb 2013

Accord helps FTBs with 0.40% rate reduction

Mortgages

Accord helps FTBs with 0.40% rate reduction

Accord Mortgages has increased the support it lends to first time buyers and people with smaller deposits.

25 Feb 2013

January remortgage lending reaches £2.9bn

Mortgages

January remortgage lending reaches £2.9bn

Monthly gross remortgage lending rose by £168m in January to £2.9bn. This is up 6.2% on the £2.7bn reported by the Council for Mortgage Lenders for December and marks the first monthly growth since October.

25 Feb 2013

Overseas talent needed to plug skills gap

Overseas talent needed to plug skills gap

The UK’s restrictive immigration policy is preventing businesses from plugging the skills gap with talent from overseas. And that’s bad for the economy and the financial services industry in particular.

22 Feb 2013

LV= launches drawdown report for advisers

Retirement

LV= launches drawdown report for advisers

Retirement specialist LV= has published a ‘Drawdown: Life after 75' report for advisers.

22 Feb 2013

25% remortgage to pay off debts or support spending

Mortgages

25% remortgage to pay off debts or support spending

One in four (25%) homeowners remortgaging an existing property in January increased the size of their loan to free up capital to pay off other debts or spend elsewhere, according to research from LMS.

22 Feb 2013

Average rates to drop below 4% by April, says MAB

Mortgages

Average rates to drop below 4% by April, says MAB

Average rates for two and five year fixed mortgages are predicted to dip below 4% by the end of April, as the National Mortgage Index from the Mortgage Advice Bureau showed unprecedented interest in fixed rates from borrowers.

22 Feb 2013

 

RateSetter CEO says FLS has driven record peer-to-peer growth

RateSetter CEO says FLS has driven record peer-to-peer growth

The founder of peer-to-peer lending website RateSetter has pointed to the knock-on effect of the Government’s Funding for Lending Scheme, as the company announced a record amount of loans facilitated last month.

21 Feb 2013

Kent Reliance launches BTL range

Mortgages

Kent Reliance launches BTL range

Kent Reliance, part of the OneSavings Bank Group, has today launched a series of Buy to let products available to brokers across the standard, specialist and large loan markets.

21 Feb 2013

Bath Building Society launches 100% guarantor mortgage

Mortgages

Bath Building Society launches 100% guarantor mortgage

Bath Building Society is launching a 100%, three-year fixed-rate mortgage to help would-be first-time buyers get a foot on the property ladder.

21 Feb 2013

23% of pensioners entitled to benefits leave them uncollected

Retirement

23% of pensioners entitled to benefits leave them uncollected

Failure to claim state benefits worth hundreds of pounds a year is continuing to squeeze the income of more than half of pensioners, according to the latest figures from specialist retirement intermediary Just Retirement Solutions.

21 Feb 2013

ASTL reveal bridging applications up 23% in Q4

ASTL reveal bridging applications up 23% in Q4

The ASTL, the trade body for short term lenders, has revealed its figures for bridging and short term loans for the quarter ended 31 December 2012.

20 Feb 2013

Average rental yields remain high in 2012 at over 6%

Mortgages

Average rental yields remain high in 2012 at over 6%

Landlords achieved, on average, a rental yield of 6.3% in 2012 research commissioned by specialist lender Paragon Mortgages has revealed.

20 Feb 2013

Saffron mortgage lending his £195m in 2012

Mortgages

Saffron mortgage lending his £195m in 2012

Saffron Building Society has announced that gross mortgage lending reached a record £195 million in 2012, an increase of 22% from the Society’s 2011 figure of £160 million (£146 million in 2010).

20 Feb 2013

Keith Richards, Group Distribution & Development Director at Tenet

In The Spotlight

Keith Richards, Group Distribution & Development Director at Tenet

Financial Reporter had a chat with Keith Richards, Group Distribution & Development Director from Tenet.

20 Feb 2013

Aldermore launches Let-to-Buy remortgage

Mortgages

Aldermore launches Let-to-Buy remortgage

British challenger bank Aldermore has launched into the let-to-buy mortgage market by allowing homeowners to remortgage their existing residential property on a buy-to-let basis.

20 Feb 2013

Fixed rates are lowest since their launch, says Moneyfacts research

Mortgages

Fixed rates are lowest since their launch, says Moneyfacts research

Fixed mortgage rates are dropping like stones, Moneyfacts research reveals.

20 Feb 2013

Lending to both FTBs and BTL investors up more than 10% in 2012, says CML

Mortgages

Lending to both FTBs and BTL investors up more than 10% in 2012, says CML

Data that CML have just published in their 'News & Views' shows that lending to all types of buyer increased in 2012.

20 Feb 2013

Virgin Money cuts mortgages by up to 0.90%

Mortgages

Virgin Money cuts mortgages by up to 0.90%

Virgin Money has announced further rate reductions across its residential mortgage range. The updated range will be available from 20 February 2013.

20 Feb 2013

Small businesses should take an alternative view to loans

Blogs

Small businesses should take an alternative view to loans

Many small businesses have expressed that they are feeling more confident about taking out business loans for expansion and growth.

19 Feb 2013

Bright Grey & Scottish Provident new business up 23%

Protection

Bright Grey & Scottish Provident new business up 23%

Bright Grey and Scottish Provident, the protection businesses of the Royal London Group, today announced a 23 per cent increase in new business for the 12 months to 31 December 2012, on a PVNBP basis.

19 Feb 2013

The Co-Op Bank remove fees on 2.79% 5-year fix

Mortgages

The Co-Op Bank remove fees on 2.79% 5-year fix

The Co-operative Bank is set to give homeowners an even better deal this week by removing the fee on its 5 year fixed mortgage, available at 60% LTV.

19 Feb 2013

TBMC offers BTL refurbishment deal up to 75%

Mortgages

TBMC offers BTL refurbishment deal up to 75%

TBMC, the buy-to-let and commercial mortgage specialist, is now offering a buy-to-let mortgage specifically for light refurbishment works with Saffron Building Society.

19 Feb 2013

Secured lending rises for 15th month in a row

Secured lending rises for 15th month in a row

Secured loan lending set a post-credit crunch January record, with £30.1 million lent to homeowners in the first month of 2013, according to figures from the Secured Loan Index.

19 Feb 2013

A good start to the year for the housing market, says Rightmove

Mortgages

A good start to the year for the housing market, says Rightmove

According to the latest House Price Index from Rightmove, 2013 has begun in a sprightly fashion for the housing market.

18 Feb 2013

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