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TFC partners with Buckinghamshire BS

TFC partners with Buckinghamshire BS

TFC Homeloans has added Buckinghamshire Building Society to its lender panel, allowing brokers to access all of the Society’s residential and buy-to-let products through the packager.

19 Dec 2016

Protection sales soar 26% in 2016

Protection sales soar 26% in 2016

Protection product sales jumped by 8.2% (£10.5 million) to £139.3 million in Q3 2016, with overall protection sales soaring by 25.9% (£28.6 million) year-on-year.

19 Dec 2016

Twenty7Tec enhances system ahead of PRA changes

Twenty7Tec enhances system ahead of PRA changes

Twenty7Tec has announced planned system enhancements in light of the PRA's changes to buy-to-let underwriting standards.

19 Dec 2016

No seasonal decline in a topsy-turvy year

No seasonal decline in a topsy-turvy year

It’s close to the end of 2016 – a year which has been truly momentous although perhaps not for the most positive reasons – and it’s that time of the year when traditionally there is a winding down, however given the topsy-turvy nature of the past 11/12 months I’m fully expecting to see significant levels of business written, especially in the remortgage market and (dare I say it) the buy-to-let market. This has been a year when the traditional notion of ‘seasonal activity’ appears to have been turned on its head so why should we expect anything different as the year is coming to an end.

16 Dec 2016

Pension investments end upward trend with Q3 fall

Pension investments end upward trend with Q3 fall

Pension investments in the third quarter dropped for the first time this year, down by £0.38 billion, according to data from Equifax Touchstone.

16 Dec 2016

Fluent says FLA figures 'a blip' as new business grows

Fluent says FLA figures 'a blip' as new business grows

Fluent for Advisers has seen new business continue to grow during October and November, in contrast to the latest FLA figures on second charge lending.

16 Dec 2016

Hinckley & Rugby cuts 95% LTV rates

Hinckley & Rugby cuts 95% LTV rates

Hinckley & Rugby Building Society has cut interest rates on six 95% LTV mortgages.

16 Dec 2016

Affordability the biggest challenge for 2017, say brokers

Affordability the biggest challenge for 2017, say brokers

The majority of brokers believe mortgage affordability is the biggest single challenge facing the housing market next year, followed by lack of supply and the impact of stamp duty.

16 Dec 2016

Financial services firms "poorly prepared" for digital change

Financial services firms "poorly prepared" for digital change

Financial services firms are poorly prepared when it comes to digital transformation, due to a big disconnect between how ready businesses say they are and the actual levels of investment in training and development, according to learning provider AVADO.

16 Dec 2016

Masthaven Bank completes first second charge mortgage

Masthaven Bank completes first second charge mortgage

New challenger bank Masthaven completed its first second charge mortgage, working with CSCLoans.

16 Dec 2016

 

Over 220,000 purchase through Help to Buy

Over 220,000 purchase through Help to Buy

The latest Help to Buy statistics show that over 220,000 people have been able to buy a home using the government’s Help to Buy products, as the mortgage guarantee scheme nears its closure.

16 Dec 2016

Robo-advice failing investors, warns new report

Robo-advice failing investors, warns new report

The Financial Services Consumer Panel is urging the FCA to clarify its rules after finding that many robo-advice services failed to communicate clearly whether they were providing regulated advice or guidance.

16 Dec 2016

London house price growth slows to three-year low

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London house price growth slows to three-year low

House price growth in London has fallen to 7.6% - the lowest level for 39 months - as affordability pressures and multiple policy changes aimed at investors weaken demand, according to the latest Hometrack house price index.

16 Dec 2016

Y3S acquires 50% stake in Pink Pig Loans

Y3S acquires 50% stake in Pink Pig Loans

Y3S Group has acquired a 50% shareholding in second charge and bridging brokerage Pink Pig Loans.

15 Dec 2016

Rate rise and strained finances pose risk to housing market: BSA

Rate rise and strained finances pose risk to housing market: BSA

Increased living costs and rising interest rates pose the biggest risk to stability in the housing market next year, according to Building Societies Association research.

15 Dec 2016

London mortgage sales rebound with 7.3% rise

London mortgage sales rebound with 7.3% rise

London has stormed ahead with the highest regional mortgage sales growth in November, according to Equifax Touchstone data.

15 Dec 2016

BoE holds bank rate but predicts 2% inflation in six months

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BoE holds bank rate but predicts 2% inflation in six months

The Bank of England's Monetary Policy Committee has voted unanimously to maintain Bank Rate at 0.25%.

15 Dec 2016

88% of advisers wouldn't outsource paraplanning

88% of advisers wouldn't outsource paraplanning

Nearly nine out of ten advisers say they prefer to employ a full-time paraplanner as part of their in-house team instead of turning to an outsourced paraplanner, according to research from Panacea Adviser.

15 Dec 2016

CML revises down 2017 mortgage lending forecasts

CML revises down 2017 mortgage lending forecasts

The Council of Mortgage Lenders' lending forecasts for 2017 have been revised downwards from the previous expectations of a year ago, reflecting economic uncertainties as well as new tax burdens and regulatory changes in the housing and mortgage markets.

15 Dec 2016

Hinckley & Rugby increases BTL stress tests

Hinckley & Rugby increases BTL stress tests

Hinckley & Rugby Building Society has announced its new buy-to-let lending policy to comply with the new requirements from the PRA.

15 Dec 2016

Clever Lending partners with Kensington

Clever Lending partners with Kensington

Clever Lending has partnered with Kensington Mortgages as a distributor of their specialist and buy-to-let first charge mortgage products.

15 Dec 2016

Magellan launches new product ranges

Magellan launches new product ranges

Magellan Homeloans has announced the launch of two new product ranges as well as of up to 0.5% on fixed rates.

15 Dec 2016

9 in 10 borrowers choosing fixed rates: MAB

9 in 10 borrowers choosing fixed rates: MAB

As many as 9 in 10 borrowers are taking out a fixed rate mortgage rather than a variable product, according to new data from Mortgage Advice Bureau.

15 Dec 2016

Brokers confident about 2017 business volumes

Brokers confident about 2017 business volumes

Intermediary business sentiment is improving, with more than a third (34%) expecting business volumes to increase over the coming quarter, according to Paragon Mortgages research.

14 Dec 2016

Barclays simplifies BTL affordability assessments

Barclays simplifies BTL affordability assessments

Barclays Mortgages is simplifying its affordability assessments and minimum gross income requirements for new buy-to-let lending.

14 Dec 2016

Providers to contribute to intermediary FSCS claims: FCA

Providers to contribute to intermediary FSCS claims: FCA

The FCA says product providers should contribute towards intermediation claims as part of changes to the Financial Services Compensation Scheme's rules.

14 Dec 2016

Purchase lending down 8% as remortgaging soars: CML

Purchase lending down 8% as remortgaging soars: CML

Purchase lending to home-buyers fell by 8% month-on-month in October, and remains 11% lower than October 2015, according to the latest CML statistics.

14 Dec 2016

Accord launches five-year offset range

Accord launches five-year offset range

Accord Mortgages has launched a range of new five-year offset mortgages for borrowers who are looking to reduce their repayments or pay off their home loan early.

14 Dec 2016

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