Latest News

Source integration aims to help brokers rival comparison sites

Source integration aims to help brokers rival comparison sites

Source Insurance has launched a new range of exclusive integration options that it says will enable intermediaries to rival price comparison websites.

23 Jan 2017

Building society mortgage rates up to 0.66% lower than banks

Building society mortgage rates up to 0.66% lower than banks

Building societies are still the winners when it comes to the mortgage rate war, with their average five-year fixed rate at 75% LTV a massive 0.66% lower than that offered by banks.

23 Jan 2017

IMLA Executive Director Peter Williams to step down

IMLA Executive Director Peter Williams to step down

The Intermediary Mortgage Lenders Association is searching for a new Executive Director following Peter Williams’ intention to step down at the end of 2017.

23 Jan 2017

Aldermore revamps self-employed mortgage criteria

Aldermore revamps self-employed mortgage criteria

Aldermore has reduced the minimum accounts a self-employed borrower must provide when applying for a residential mortgage – from two years’ accounts to one – taking into consideration profit retained within the business when assessing affordability.

23 Jan 2017

Scottish Widows removes all pension exit fees

Scottish Widows removes all pension exit fees

Scottish Widows has removed early exit fees across its personal pension policies, following its decision in Spring last year to remove exit fees on its workplace pension policies.

23 Jan 2017

Digital broker to launch real-time mortgage approvals

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Digital broker to launch real-time mortgage approvals

New digital mortgage broker, Habito, has secured £5.5m in funding to accelerate growth and further develop its digital capabilities.

23 Jan 2017

Accord cuts residential rates by up to 0.24%

Accord cuts residential rates by up to 0.24%

Accord Mortgages has reduced rates across its residential fixed-rate mortgage range by up to 0.24%.

23 Jan 2017

Financial services optimism drops to lowest since 2008: CBI

Financial services optimism drops to lowest since 2008: CBI

Optimism in the financial services sector fell for a fourth consecutive quarter in Q4 – the longest period of declining sentiment since the financial crisis and the sharpest fall since December 2008, according to the latest CBI/PwC Financial Services Survey.

23 Jan 2017

Roma Finance launches limited edition 0.75% bridging rate

Roma Finance launches limited edition 0.75% bridging rate

Roma Finance has launched a limited edition residential first charge bridging rate of 0.75% per month up to 75% LTV.

23 Jan 2017

Castle Trust overhauls intermediary proposition

Castle Trust overhauls intermediary proposition

Castle Trust has relaunched its mortgage proposition as part of a wider campaign to promote its evolving product set to brokers.

23 Jan 2017

 

deVere Group launches private bank

deVere Group launches private bank

Global independent financial consultancy deVere Group has entered the private banking sector through the acquisition of Arton Bank.

23 Jan 2017

George Osborne takes adviser role at Blackrock

George Osborne takes adviser role at Blackrock

George Osborne has confirmed that he will join asset management firm BlackRock as an adviser.

20 Jan 2017

Help must come for the ‘credit crushed’ borrowers

Help must come for the ‘credit crushed’ borrowers

Last year, we had heard the case of an unfortunate borrower. Let’s call him John.

20 Jan 2017

Lenders kick off new year with key appointments: a round-up of hires

Lenders kick off new year with key appointments: a round-up of hires

Shawbrook, Aldermore, Kent Reliance and Uinsure have all bolstered their sales teams this week in a bid to increase support for intermediaries.

20 Jan 2017

In the Spotlight with Louisa Sedgwick, Vida Homeloans

In the Spotlight with Louisa Sedgwick, Vida Homeloans

We spoke to Louisa Sedgwick, Director of Sales - Mortgages at Vida Homeloans, about what's in store for the lender in 2017 and its focus on the intermediary market.

20 Jan 2017

15% using equity release to pay off mortgages or debt

15% using equity release to pay off mortgages or debt

Increasing numbers of customers who release equity from their homes are using the money to pay off mortgages and other debts, according to LV= data.

20 Jan 2017

HSBC to pay £4m redress over debt collection practices

HSBC to pay £4m redress over debt collection practices

The FCA has announced that HSBC has agreed to set up a redress scheme for customers who paid an unreasonable debt collection charge imposed by HFC Bank and John Lewis Financial Services, which are both now part of HSBC Bank.

20 Jan 2017

Bank of Ireland launches five-year fixed rates

Bank of Ireland launches five-year fixed rates

Bank of Ireland for Intermediaries has launched a new five-year fixed-rate range.

20 Jan 2017

British Friendly CEO Mark Myers joins Direct Life

British Friendly CEO Mark Myers joins Direct Life

Mark Myers, British Friendly’s outgoing CEO, has joined Direct Life as a non-exec director.

20 Jan 2017

Accord extends £1,000 offset cashback offer

Accord extends £1,000 offset cashback offer

Accord Mortgages has extended its offer to give £1,000 to borrowers taking out an offset mortgage.

20 Jan 2017

FCA predicts rise in litigation battles as firms reject fines

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FCA predicts rise in litigation battles as firms reject fines

The FCA predicts that senior managers will be less likely to pay high fines to resolve cases now that the senior manager’s regime has been introduced, and is preparing for more contest and litigation.

20 Jan 2017

Number of homemovers falls for first time in five years

Number of homemovers falls for first time in five years

The number of people moving home has fallen for the first time in five years, according to Lloyds Bank research.

20 Jan 2017

Manchester tops city house price list as London falls to 7th place

Manchester tops city house price list as London falls to 7th place

Manchester has recorded the fastest rate of house price growth for almost 12 years as market conditions strengthen as demand runs ahead of supply, according to the latest Hometrack UK Cities House Price Index.

20 Jan 2017

Metro Bank expands business with 500 new roles

Metro Bank expands business with 500 new roles

Metro Bank has announced plans to create 500 new roles in 2017 to support its continued growth.

19 Jan 2017

TSB increases rates on three-year fixes

TSB increases rates on three-year fixes

TSB has today increased interest rates on selected three-year fixed rate mortgages for first-time buyers, home movers and remortgage borrowers.

19 Jan 2017

FCA's whistleblowing rules and proposals for banks challenged

FCA's whistleblowing rules and proposals for banks challenged

The PRA and FCA could offer more support to whistleblowers in UK based branches of overseas banks and the requirement for a whistleblowing policy should not be determined by a firm’s asset base, argues the Chartered Institute for Securities & Investment.

19 Jan 2017

Skipton cuts HTB and BTL rates by up to 0.44%

Skipton cuts HTB and BTL rates by up to 0.44%

From tomorrow, Skipton Building Society is cutting rates on selected buy-to-let and Help to Buy products.

19 Jan 2017

TMA to strengthen DA proposition in 2017

TMA to strengthen DA proposition in 2017

TMA mortgage club has vowed to strengthen its directly authorised proposition and further invest in resources to be able to expand the services currently provided to its members.

19 Jan 2017

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