Latest News

Clydesdale Bank fined £8.9m for failings on 42,500 mortgages

Mortgages

Clydesdale Bank fined £8.9m for failings on 42,500 mortgages

The FCA has fined Clydesdale Bank for failing to inform its customers clearly of their rights after the bank miscalculated the repayments on over 42,500 mortgages.

26 Sep 2013

Skipton launches tracker & discounted rates from 1.78%

Mortgages

Skipton launches tracker & discounted rates from 1.78%

Skipton Building Society has today launched an attractive new range of two year tracker and discounted rate mortgages.

26 Sep 2013

Ebulliophobia - the fear of (non-existent) bubbles

Rob Barnard - Aldermore

Ebulliophobia - the fear of (non-existent) bubbles

The spectre of a housing bubble was among the many topics at the recent Intermediary Mortgage Lenders Association debate in Westminster, prompting a more cheerful response than the newspaper headlines of late.

25 Sep 2013

Glasgow tops student BTL tables

Mortgages

Glasgow tops student BTL tables

Forget Oxford and Cambridge. Glasgow is the most desirable student town for UK landlords, according to research released today by property website Zoopla.co.uk.

25 Sep 2013

Paragon launches six new BTL fixes

Mortgages

Paragon launches six new BTL fixes

Specialist buy-to-let mortgage lender Paragon Mortgages has launched six new products aimed at the professional landlord market.

25 Sep 2013

Santander enhances BTL criteria alongside launch of ERC-free tracker range

Mortgages

Santander enhances BTL criteria alongside launch of ERC-free tracker range

Following its well-received move into the buy-to-let market at the end of 2011, Santander for Intermediaries has today announced enhancements to its lending criteria for BTL applications, making the range more accessible for non-professional landlords.

25 Sep 2013

Mortgage Brain iPad app sees immediate broker popularity

Mortgages

Mortgage Brain iPad app sees immediate broker popularity

Mortgage Brain’s iPad pre-sales mortgage app for brokers, iSourceMortgages, has received widespread acclaim and become an immediate success during the first couple of months of its launch.

25 Sep 2013

Auto enrolment one year on - opt-out rates three times lower than predicted

Retirement

Auto enrolment one year on - opt-out rates three times lower than predicted

After a year which has transformed the UK pensions landscape with the introduction of automatic enrolment, research from Scottish Widows has revealed opt-out rates at a lowly 8%, compared with initial industry estimates reaching as high as 30%.

25 Sep 2013

Nationwide rolls out its lowest ever fixed rate

Mortgages

Nationwide rolls out its lowest ever fixed rate

From today, Nationwide is supporting both new and existing customers, regardless of the size of their deposit, with reductions across its fixed and tracker mortgage range.

25 Sep 2013

Promise appoints BDM to help brokers boost secured loan income

Promise appoints BDM to help brokers boost secured loan income

Secured loan master broker, Promise Solutions, has appointed a new BDM to specifically assist introducers who wish to get more involved with secured loans but are unsure of where to start.

25 Sep 2013

 

West One agrees £1m development funding deal

West One agrees £1m development funding deal

West One Loans has stepped in to fund a loan of almost £1m on a highly unusual property construction after the borrower was let down at the last minute by another lender.

25 Sep 2013

Scottish lawyers vote against separate legal representation

Legal

Scottish lawyers vote against separate legal representation

Lawyers in Scotland have voted against a proposed change in rules which would end the practice of having one solicitor represent housebuyers and their mortgage lenders.

24 Sep 2013

Hymans Robertson & Partnership complete enhanced annuity buy-in

Retirement

Hymans Robertson & Partnership complete enhanced annuity buy-in

Enhanced annuity provider Partnership has completed a £22m enhanced buy-in for a client of Hymans Robertson covering around 20 of the pension scheme’s highest liability pensioner members.

24 Sep 2013

House purchase approvals highest in four years

Mortgages

House purchase approvals highest in four years

According to the latest data from the British Bankers' Association, gross mortgage borrowing of £9.3bn in August was higher than in July and above the average of £8.4bn over the previous six months.

24 Sep 2013

How far we’ve come…and how far is left to go

How far we’ve come…and how far is left to go

There’s a time and a place for a quick snapshot survey, and sometimes we need to get an instant guide from our membership.

24 Sep 2013

Prestige announces increased LTVs and further enhancements

Prestige announces increased LTVs and further enhancements

Prestige Finance, the intermediary focused secured loan lender, part of OneSavings Bank, has announced the second phase of enhancements to its lending criteria since its relaunch in March this year.

24 Sep 2013

Remortgage lending down 14.8% monthly - but still tops last year's figure

Mortgages

Remortgage lending down 14.8% monthly - but still tops last year's figure

LMS figures reveal that monthly gross remortgage lending decreased by £561m in August to £3.2bn.

24 Sep 2013

West Brom hikes BTL tracker rate up

Mortgages

West Brom hikes BTL tracker rate up

West Bromwich Mortgage Company has blamed “market conditions” for the 2 percentage point increase in its BTL tracker rate which will come into effect in December and affect around 6,700 borrowers.

23 Sep 2013

Tipton & Coseley Building Society joins SimplyBiz panel

Mortgages

Tipton & Coseley Building Society joins SimplyBiz panel

With effect from Monday 23rd September, Tipton & Coseley Building Society has joined the SimplyBiz Mortgages panel of lenders.

23 Sep 2013

Commercial mortgage opportunities outside of London for canny brokers

Blogs

Commercial mortgage opportunities outside of London for canny brokers

[Blog from Karen Bennett, Sales and Marketing Director, Commercial Mortgages, Shawbrook Bank]

23 Sep 2013

Under-45s unaware of pension investment value

Retirement

Under-45s unaware of pension investment value

According to recent research from Standard Life, the vast majority of under 45s with pensions are not aware of the total value of their pension pots or the income they can currently expect to receive in retirement.

23 Sep 2013

A quarter of landlords lack proper financial protection

Protection

A quarter of landlords lack proper financial protection

Insurance provider AXA, warns that while the buy-to-let market thrives, hundreds of thousands of landlords are leaving themselves and their tenants exposed through lack of protection and little financial back up should the worst happen.

23 Sep 2013

Bright Grey boosts cancer definitions on CI policies

Protection

Bright Grey boosts cancer definitions on CI policies

Bright Grey has today announced changes to its critical illness cover across both business and personal menu plans, by adding three new additional conditions relating to the early detection of cancer.

23 Sep 2013

Buyers £900 a year better off than renters

Mortgages

Buyers £900 a year better off than renters

Homebuyers in the UK are £875 (10%) a year better off buying their own home instead of renting, according to research by Halifax.

23 Sep 2013

Accord launches new BTL products with no completion fees

Mortgages

Accord launches new BTL products with no completion fees

Accord Buy to Let has launched three new competitive mortgages with zero completion fees.

23 Sep 2013

Virgin Money launches BTL range from 3.38%

Mortgages

Virgin Money launches BTL range from 3.38%

Virgin Money has today launched a new range of buy-to-let mortgage products.

23 Sep 2013

James Prosser, Director of Front Events

In The Spotlight

James Prosser, Director of Front Events

Financial Reporter had a chat to James Prosser, Director at Front Events who are holding the inaugural Financial Services Expo on 1st & 2nd October.

20 Sep 2013

Consumers choose brand over adviser recommendations for mortgages

Mortgages

Consumers choose brand over adviser recommendations for mortgages

Mortgage brokers and consumer websites are increasingly informing people’s choice of mortgage products, but brand reputations are more influential than professional recommendations according to recent studies presented at the IMLA mortgage debate.

20 Sep 2013

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