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Can a new Parliament solve the broken housing market?

Can a new Parliament solve the broken housing market?

The housing market is broken. Far from being a succinct sound bite or a phrase to be bandied about in Parliament as the opposing parties go at each other this is actually a fundamental truth.

12 May 2017

Labour state pension age plans to cost £300bn: Webb

Labour state pension age plans to cost £300bn: Webb

Former Pensions Minister Steve Webb has estimated that the Labour manifesto proposal to scrap the planned pension age rise will cost £300bn.

12 May 2017

TSB launches lowest ever five-year fixed rate remortgage

TSB launches lowest ever five-year fixed rate remortgage

TSB has reduced interest rates by up to 0.15% on selected remortgages, meaning its five-year fixed rates for remortgage borrowers are now at their lowest ever, starting at 1.74% up to 60% LTV with a £995 fee.

12 May 2017

FCA enters fintech agreement with Hong Kong

FCA enters fintech agreement with Hong Kong

The FCA has entered into a co-operation agreement with the Securities and Futures Commission in Hong Kong to foster collaboration in support of fintech innovation.

12 May 2017

RBS to cut exec bonuses by up to 40%

RBS to cut exec bonuses by up to 40%

Royal Bank of Scotland has announced that 'maximum long-term incentive awards' will be reduced by up to 40% due to "growing consensus on the need to restrain executive pay".

12 May 2017

Second charge new business up 15% after six-month decline

Second charge new business up 15% after six-month decline

New figures released today by the Finance & Leasing Association show that second charge mortgage new business grew 8% by value and 15% by volume in March, compared with the same month in 2016.

12 May 2017

Accord extends welcome box initiative after broker feedback

Accord extends welcome box initiative after broker feedback

Accord Mortgages is continuing with its welcome box initiative after 63% of brokers said the gift helped to strengthen their client relationships.

12 May 2017

Teachers BS launches new three-year fixes

Teachers BS launches new three-year fixes

Teachers Building Society has reduced fixed rates by up to 0.40% and launched new three-year fixed rates.

12 May 2017

Positive partners with Magellan to launch fee-free exclusive

Positive partners with Magellan to launch fee-free exclusive

Positive Lending has partnered with Magellan Homeloans to launch a ‘no upfront fees’ complex prime exclusive.

12 May 2017

CML warns of worsening arrears for 'cohort of borrowers'

CML warns of worsening arrears for 'cohort of borrowers'

The number of mortgages in arrears fell to its lowest quarterly rate on record in Q1, however the CML highlighted that the most serious cases - cases with arrears of over 10% of the mortgage balance - saw an increase to 26,500.

11 May 2017

 

Creating your own will.i.am moment for brand awareness

Creating your own will.i.am moment for brand awareness

For those who recently looked at their online news channels and saw the headline, ‘Atom Bank appoints will.i.am as ‘strategic adviser’’, you’d be forgiven for checking that the date wasn’t April 1st.

11 May 2017

BoE: Inflation to hit 2.7% but settle in medium term

BoE: Inflation to hit 2.7% but settle in medium term

The Bank of England's May Inflation Report shows slightly higher GDP and lower CPI inflation estimates that predicted in its previous report in February.

11 May 2017

Bank of England hints at possible rate rise as MPC votes 7-1

Bank of England hints at possible rate rise as MPC votes 7-1

The Bank of England’s Monetary Policy Committee has voted by a majority of 7-1 to maintain Bank Rate at 0.25%, with Kristin Forbes voting to increase Bank Rate by 25 basis points.

11 May 2017

Clydesdale and Yorkshire launch £750 cashback and new rates

Clydesdale and Yorkshire launch £750 cashback and new rates

Clydesdale and Yorkshire Banks are offering £750 cashback to customers who are buying a property, remortgaging from another lender or releasing equity and are borrowing a minimum of £75,000.

11 May 2017

Labour plans to introduce “flexible” retirement age

Labour plans to introduce “flexible” retirement age

A leaked copy of the Labour manifesto shows that the party rejects the Conservatives’ proposal to increase the state pension age and will guarantee the state pension “triple lock” throughout the next Parliament if Labour wins the General Election.

11 May 2017

Second-charge mortgage repossessions fall by 50% in Q1

Second-charge mortgage repossessions fall by 50% in Q1

The number of second-charge mortgage repossessions fell to 17 in Q1 2017 – down by 50% compared with the same quarter in 2016, according to the latest figures from the Finance & Leasing Association.

11 May 2017

Housing sales drop to post-referendum low: RICS

Housing sales drop to post-referendum low: RICS

Housing sales saw a further decline in April, while new buyer enquiries remained flat, according to the latest RICS UK Residential Market Survey.

11 May 2017

Kensington launches new residential rates from 2.39%

Kensington launches new residential rates from 2.39%

Kensington Mortgages has launched a new Select mortgage range, with rates starting from 2.39% for a 75% LTV two-year fix.

11 May 2017

APFA to merge with the Wealth Management Association

APFA to merge with the Wealth Management Association

The Association of Professional Financial Advisers and the Wealth Management Association have announced their intention to merge to become the Investment Management & Financial Advice Association.

11 May 2017

Hope Capital expands into London and the south

Hope Capital expands into London and the south

Bridging firm Hope Capital has increased its presence in London and the south with the appointment of a new business development manager, Maria Magnussen.

11 May 2017

Equity release market brands FCA's qualification u-turn 'disappointing'

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Equity release market brands FCA's qualification u-turn 'disappointing'

The equity release industry has given a mixed response to yesterday's news that the FCA has decided against introducing a standalone equity release qualification.

10 May 2017

Skipton launches fee-free range with £1,000 cashback

Skipton launches fee-free range with £1,000 cashback

From tomorrow, Skipton Building Society is launching three new residential two-year fixed rate products offering £1,000 cashback.

10 May 2017

Pepper launches 2.98% five-year fixed BTL rate

Pepper launches 2.98% five-year fixed BTL rate

Pepper Homeloans has launched a limited edition buy-to-let five-year fixed rate at 2.98% with a rental calculation based on the pay rate.

10 May 2017

more 2 life launches seven-day commission payment process

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more 2 life launches seven-day commission payment process

more 2 life has launched a new payment process that enables it to pay advisers the commission due from a completed loan within seven days.

10 May 2017

Barclays launches 95% LTV range

Barclays launches 95% LTV range

From tomorrow, Barclays is launching new residential and buy-to-let mortgage products, as well as reducing rates across its range.

10 May 2017

Personal Touch joins Equity Release Council

Personal Touch joins Equity Release Council

Adviser network Personal Touch Financial Services has joined the Equity Release Council.

10 May 2017

Mortgage product numbers soar to post-crisis high

Mortgage product numbers soar to post-crisis high

The number of residential mortgage products has increased by 849 in just one year to reach its highest point since March 2008, according to Moneyfacts data.

10 May 2017

Millennials will need £1m pension pot to retire

Millennials will need £1m pension pot to retire

Millennials will need a £1m pension pot to fully retire, according to research by international advisory and accountancy firm Mazars.

10 May 2017

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