Latest News

Metro Bank mortgages now available through Tenet

Mortgages

Metro Bank mortgages now available through Tenet

Metro Bank, the revolutionary High Street Bank, today announces a partnership with Tenet Group as the bank continues its growth in the intermediary mortgage market.

27 Feb 2013

A toast to good health

Matt Tristram - LW

A toast to good health

The health of the secured loan market has come a long way in recent years, bringing good news for consumers and the industry alike.

27 Feb 2013

Connect Mortgage Club links up with The Source

Protection

Connect Mortgage Club links up with The Source

Connect Mortgage Club, part of the Connect Group, is offering its ARs access to an advanced insurance quotation and application system from The Source.

27 Feb 2013

A great time to buy

Rob Barnard - Aldermore

A great time to buy

The current housing market may be far from ideal for sellers, but it’s a great place to be for buyers.

27 Feb 2013

Norwich & Peterborough extends low-fee range from 2.24%

Mortgages

Norwich & Peterborough extends low-fee range from 2.24%

Two market leading mortgages have been launched by Norwich and Peterborough Building Society as it extends its range of low-fee products.

26 Feb 2013

ABI implements Code of Conduct on Retirement Choices

Retirement

ABI implements Code of Conduct on Retirement Choices

People approaching retirement will get clearer help and information to get the best possible pension deal under an initiative to be implemented on 1 March by the ABI.

26 Feb 2013

Let banks focus on lending

Richard Sexton - esurv

Let banks focus on lending

The forecast for the mortgage market is brighter for 2013. This is largely due to Funding for Lending, despite the scheme’s inauspicious start last autumn.

26 Feb 2013

Thoughts on the investment market

Blogs

Thoughts on the investment market

[This week's blog is brought to you from Karen Bennett, Head of Sales and Marketing, Shawbrook Bank]

25 Feb 2013

Average interest-only mortgages for over-65s are £43,000

Mortgages

Average interest-only mortgages for over-65s are £43,000

Over-65s are paying off average interest-only mortgages of £43,000 outlining the scale of the interest-only time-bomb and the need for solutions, analysis of customer data by equity release lender More 2 Life shows.

25 Feb 2013

Fincorp questions the 'bridging boom' as they celebrate 25th year

Fincorp questions the 'bridging boom' as they celebrate 25th year

The bridging lender has questioned claims that gross lending in the short-term mortgage market would hit £1.5bn in 2012 and keep booming this year, branding them “potentially dangerous”.

25 Feb 2013

 

Up to 70% of retirees missing out on enhanced annuities, says MGM Advantage

Retirement

Up to 70% of retirees missing out on enhanced annuities, says MGM Advantage

According to MGM Advantage, the retirement income specialist, there is a big discrepancy in the enhanced annuity market which needs to be addressed.

25 Feb 2013

Mortgage approvals 14% lower than January 2012

Mortgages

Mortgage approvals 14% lower than January 2012

Data released by the British Bankers' Association today shows that, despite mortgage borrowing being higher than the recent monthly average, mortgage approvals in January wee 14% lower than in January 2012.

25 Feb 2013

54% of equity release customers shop around before opting for a provider

Retirement

54% of equity release customers shop around before opting for a provider

Research by Partnership, one of the UK’s leading enhanced equity release specialists, has found that at least 54% of equity release customers compared quotes before choosing Partnership as their equity release provider.

25 Feb 2013

HML predicts repossessions to drop 2.7% in 2013

Latest News

HML predicts repossessions to drop 2.7% in 2013

Repossessions are set to total 33,000 during 2013, according to HML.

25 Feb 2013

Accord helps FTBs with 0.40% rate reduction

Mortgages

Accord helps FTBs with 0.40% rate reduction

Accord Mortgages has increased the support it lends to first time buyers and people with smaller deposits.

25 Feb 2013

January remortgage lending reaches £2.9bn

Mortgages

January remortgage lending reaches £2.9bn

Monthly gross remortgage lending rose by £168m in January to £2.9bn. This is up 6.2% on the £2.7bn reported by the Council for Mortgage Lenders for December and marks the first monthly growth since October.

25 Feb 2013

Overseas talent needed to plug skills gap

Overseas talent needed to plug skills gap

The UK’s restrictive immigration policy is preventing businesses from plugging the skills gap with talent from overseas. And that’s bad for the economy and the financial services industry in particular.

22 Feb 2013

LV= launches drawdown report for advisers

Retirement

LV= launches drawdown report for advisers

Retirement specialist LV= has published a ‘Drawdown: Life after 75' report for advisers.

22 Feb 2013

25% remortgage to pay off debts or support spending

Mortgages

25% remortgage to pay off debts or support spending

One in four (25%) homeowners remortgaging an existing property in January increased the size of their loan to free up capital to pay off other debts or spend elsewhere, according to research from LMS.

22 Feb 2013

Average rates to drop below 4% by April, says MAB

Mortgages

Average rates to drop below 4% by April, says MAB

Average rates for two and five year fixed mortgages are predicted to dip below 4% by the end of April, as the National Mortgage Index from the Mortgage Advice Bureau showed unprecedented interest in fixed rates from borrowers.

22 Feb 2013

RateSetter CEO says FLS has driven record peer-to-peer growth

RateSetter CEO says FLS has driven record peer-to-peer growth

The founder of peer-to-peer lending website RateSetter has pointed to the knock-on effect of the Government’s Funding for Lending Scheme, as the company announced a record amount of loans facilitated last month.

21 Feb 2013

Kent Reliance launches BTL range

Mortgages

Kent Reliance launches BTL range

Kent Reliance, part of the OneSavings Bank Group, has today launched a series of Buy to let products available to brokers across the standard, specialist and large loan markets.

21 Feb 2013

Bath Building Society launches 100% guarantor mortgage

Mortgages

Bath Building Society launches 100% guarantor mortgage

Bath Building Society is launching a 100%, three-year fixed-rate mortgage to help would-be first-time buyers get a foot on the property ladder.

21 Feb 2013

23% of pensioners entitled to benefits leave them uncollected

Retirement

23% of pensioners entitled to benefits leave them uncollected

Failure to claim state benefits worth hundreds of pounds a year is continuing to squeeze the income of more than half of pensioners, according to the latest figures from specialist retirement intermediary Just Retirement Solutions.

21 Feb 2013

ASTL reveal bridging applications up 23% in Q4

ASTL reveal bridging applications up 23% in Q4

The ASTL, the trade body for short term lenders, has revealed its figures for bridging and short term loans for the quarter ended 31 December 2012.

20 Feb 2013

Average rental yields remain high in 2012 at over 6%

Mortgages

Average rental yields remain high in 2012 at over 6%

Landlords achieved, on average, a rental yield of 6.3% in 2012 research commissioned by specialist lender Paragon Mortgages has revealed.

20 Feb 2013

Saffron mortgage lending his £195m in 2012

Mortgages

Saffron mortgage lending his £195m in 2012

Saffron Building Society has announced that gross mortgage lending reached a record £195 million in 2012, an increase of 22% from the Society’s 2011 figure of £160 million (£146 million in 2010).

20 Feb 2013

Keith Richards, Group Distribution & Development Director at Tenet

In The Spotlight

Keith Richards, Group Distribution & Development Director at Tenet

Financial Reporter had a chat with Keith Richards, Group Distribution & Development Director from Tenet.

20 Feb 2013

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