Latest News

Mortgage lending at mutuals up 10% on last year

Mortgages

Mortgage lending at mutuals up 10% on last year

Gross mortgage lending by building societies and other mutual lenders was £2.5 billion in September which is up by 10% compared to the same month last year.

29 Oct 2012

Leeds extend 5.99% BTL deal

Mortgages

Leeds extend 5.99% BTL deal

After receiving a positive response, Leeds Building Society have extended their 2 year, 5.99% buy-to-let deal (up to 80%) until 31st January 2015.

29 Oct 2012

Brightstar offer prime semi-exclusive

Mortgages

Brightstar offer prime semi-exclusive

Precise Mortgages’ distributor, Brightstar Financial, is offering a 2.89% 2 year fixed rate prime mortgage for purchase clients with no arrangement fees and says it is refreshing to see a lender actively engaging the broker market for prime business.

29 Oct 2012

Paradigm adds Select & Protect to insurance panel

Protection

Paradigm adds Select & Protect to insurance panel

Distributor Paradigm Mortgage Services has today unveiled a strategic partnership with Select & Protect that will see the insurer join its GI panel.

29 Oct 2012

Financial Reporter becomes new name of myintroducer.com

Latest News

Financial Reporter becomes new name of myintroducer.com

We are pleased to announce that online financial news publication myintroducer.com have today completed a rebrand and rename to Financial Reporter (www.financialreporter.co.uk).

29 Oct 2012

Yorkshire launches 60% LTV products

Mortgages

Yorkshire launches 60% LTV products

The range of competitive mortgages offered by Yorkshire Building Society has expanded further with the launch of new 60% LTV products.

26 Oct 2012

Accord slash rates on four 75% LTV products

Mortgages

Accord slash rates on four 75% LTV products

Accord Mortgages has reduced rates on four 75% LTV mortgages to further improve the range of competitive products it offers brokers and their customers.

26 Oct 2012

MGM Advantage confirms EU gender plans

Retirement

MGM Advantage confirms EU gender plans

Specialist retirement income provider MGM Advantage has confirmed how it will deal with annuity quotes and business leading up to 21st December, from when pricing using gender is outlawed.

26 Oct 2012

Consumer lending growth continues

Consumer lending growth continues

According to the Finance and Leasing Association, consumer lending grew in August by 1% in comparison with the same month in 2011.

26 Oct 2012

Huge jump in number of 'riskless' 60% LTV products

Mortgages

Huge jump in number of 'riskless' 60% LTV products

Moneyfacts research reveals that 60% loan-to-value mortgages have rocketed from just 21 products in October 2007 to 476 in October 2012.

26 Oct 2012

 

A Friday update from NACFB...

A Friday update from NACFB...

Shadow Business Minister for the House of Lords, Lord Mitchell, invited me to meet him on Tuesday 23rd this week, and I was honoured to accept.

26 Oct 2012

MMR: What you need to know

Mortgages

MMR: What you need to know

The FSA have released a policy document stating their decisions on the Mortgage Market Review which they say will create a 'more sustainable mortgage market'.

25 Oct 2012

MMR: FSCP warns this must not be the end of FSA's work

Mortgages

MMR: FSCP warns this must not be the end of FSA's work

The Financial Services Consumer Panel has today welcomed publication of the FSA’s final suite of rules arising from the Mortgage Market Review.

25 Oct 2012

MMR: responses are positive, but has it come too late?

Mortgages

MMR: responses are positive, but has it come too late?

New rules laid out by the FSA were of little surprise to the industry, with many lenders already clamping down on the problems created by reckless lending - however the response today has been enormous as the specifics were revealed.

25 Oct 2012

borro secure £20m through Octopus Investments

borro secure £20m through Octopus Investments

Online personal asset lender, borro, has announced a new £20 million lending facility through Octopus Investments.

25 Oct 2012

Just Retirement confirm Equity Release Council membership

Retirement

Just Retirement confirm Equity Release Council membership

Just Retirement Solutions, the specialist equity release adviser, has been confirmed as a member of the Equity Release Council, the trade body that safeguards industry standards and acts as a voice for the sector.

25 Oct 2012

MMR: the interest-only problem

Mortgages

MMR: the interest-only problem

The MMR rules released today have brought up discussions about interest-only mortgates, with "around 1 million or so interest-only mortgages that will become repayable in the next ten years" according to Martin Wheatley.

25 Oct 2012

MMR: CML welcomes clarity on mortgage rules

Mortgages

MMR: CML welcomes clarity on mortgage rules

The Council of Mortgage Lenders welcomes the certainty that the FSA's publication of the final rules under the Mortgage Market Review today brings to the market.

25 Oct 2012

Fincorp focuses its bridging sights closer to home

Fincorp focuses its bridging sights closer to home

Fincorp has recently completed on a bridging loan with one of its neighbours for £2.4m.

25 Oct 2012

Nationwide slash rates even further

Mortgages

Nationwide slash rates even further

Nationwide Building Society is reducing rates across the majority of its fixed rate mortgages by up to 0.20% and across tracker rate mortgages by up to 0.10%, effective from Wednesday 24th October.

24 Oct 2012

ONS: 35% of pensioners are in fuel poverty as retirement income falls short

Retirement

ONS: 35% of pensioners are in fuel poverty as retirement income falls short

ONS data released today shows that 9% of pensioners are classified as 'materially deprived', with pension income falling short for many over retirement age.

24 Oct 2012

Investors threaten to turn away from IFAs charging hourly rate

Savings & Investments

Investors threaten to turn away from IFAs charging hourly rate

Research from Legal & General Investments reveals that six in 10 (64%) investors say they would stop using their IFA if they began charging an hourly rate.

24 Oct 2012

AOBP enter third year with new Associate Lender

AOBP enter third year with new Associate Lender

The Association of Bridging Professionals have signed up a new lender, specialist finance funder Hope Capital, as they go into their third year.

24 Oct 2012

Skandia announce gender neutral pricing plans

Protection

Skandia announce gender neutral pricing plans

Skandia is announcing its plans to implement gender neutral pricing and to enhance its protection offering ahead of 'G Day' on 21st December.

24 Oct 2012

Up to 20% facing large income falls in retirement

Retirement

Up to 20% facing large income falls in retirement

Research from the Institute for Fiscal Studies has shown that the majority of those between 50 and State Pension Age will see a income reduction of 20% on retiring, and 40% of them will see a reduction of at least a third.

23 Oct 2012

Keystone BTL increase max loans to £500k

Keystone BTL increase max loans to £500k

Keystone Buy to Let Mortgages has improved its lending criteria and is now offering loans up to £500,000 per property transaction to existing landlords. This represents an increase of £150,000 on its previous limit.

23 Oct 2012

House purchase approvals see surprise increase in September

Mortgages

House purchase approvals see surprise increase in September

Data released from the British Bankers' Association today shows that the net mortgage lending by banks grew 0.5% in the year to September, with mortgage approvals up from August.

23 Oct 2012

Halifax improve FTB and remortgage rates by up to 0.20%

Mortgages

Halifax improve FTB and remortgage rates by up to 0.20%

Halifax have today announced changes to their range of mortgages, including first-time buyer mortgages, remortgage and shared equity ranges.

23 Oct 2012

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