Latest News

Scottish homeowners consider remortgaging for £135 a month

Mortgages

Scottish homeowners consider remortgaging for £135 a month

While recent data suggests that homeowners have been choosing to remain on their existing mortgage deals while interest rates are low, the latest research from Bank of Scotland indicates otherwise.

02 Apr 2013

Peter Brodnicki, chief executive at Mortgage Advice Bureau

In The Spotlight

Peter Brodnicki, chief executive at Mortgage Advice Bureau

Financial Reporter had a chat with Peter Brodnicki, chief executive at Mortgage Advice Bureau about the future of the UK housing market and what the MAB have been up to...

29 Mar 2013

Paymentshield Appoint ULR as underwriter for Legal Expenses cover

Protection

Paymentshield Appoint ULR as underwriter for Legal Expenses cover

Paymentshield have announced that from the 2nd of April, ULR Additions will take over as underwriter of Paymentshield’s Legal Expenses Cover.

28 Mar 2013

Chelsea cuts rates by up to 0.30%

Mortgages

Chelsea cuts rates by up to 0.30%

Chelsea Building Society is boosting the competition in the mortgage market by cutting rates on selected products across its mortgage range, with the largest reductions on first time buyer mortgages.

28 Mar 2013

FTBs would need to save for 13yrs for average deposit, says Scottish Widows data

Mortgages

FTBs would need to save for 13yrs for average deposit, says Scottish Widows data

The property market is becoming out of reach for many renters according to new research from Scottish Widows.

28 Mar 2013

Property sale rise indicates greater market confidence

Mortgages

Property sale rise indicates greater market confidence

The number of house sales in the UK increased slightly during February showing that serious house hunters remain active in the property market, according to estate agents.

28 Mar 2013

Positive Lending offer bridging at 4.5% over BBR

Positive Lending offer bridging at 4.5% over BBR

Specialist lending packager and distributor Positive Lending has been selected to distribute a prime short-term lending product priced at 4.5% over BBR with a 1.50% facility fee and no exit fee.

27 Mar 2013

The Mortgage Alliance adds Precise to its lending panel

Mortgages

The Mortgage Alliance adds Precise to its lending panel

The Mortgage Alliance today announces the addition of Precise Mortgages to its lender panel. Precise Mortgages’ products are available exclusively through the intermediary market.

27 Mar 2013

Genworth Mortgage Insurance helps mutual bring fight to big banks

Protection

Genworth Mortgage Insurance helps mutual bring fight to big banks

Genworth, the global mortgage insurer, has today revealed that its mortgage insurance product is helping mutuals to up their mortgage lending.

27 Mar 2013

Pink enhances equity release support for ARs

Retirement

Pink enhances equity release support for ARs

Pink has enhanced its support programme for equity release authorised ARs as part of its focus on expert training and development.

26 Mar 2013

 

Clydesdale and Yorkshire Banks cut two- and five-year fixed rates

Mortgages

Clydesdale and Yorkshire Banks cut two- and five-year fixed rates

Mortgage hunters have been given a boost today as Clydesdale and Yorkshire Banks announced new low two and five year fixed rates.

26 Mar 2013

Two out of five advisers focus on charges

Savings & Investments

Two out of five advisers focus on charges

More than two out of five (44%) of financial advisers focus on low charges when recommending investment products to clients, research by housing investment and shared equity mortgage provider Castle Trust shows.

26 Mar 2013

Help to Buy fails to support landlords, says Landlord Assist

Mortgages

Help to Buy fails to support landlords, says Landlord Assist

Tenant referencing and eviction firm Landlord Assist says the Government missed an opportunity to stimulate investment in the BTL sector in the Budget by not including property investors in plans unveiled to assist people purchasing new properties.

25 Mar 2013

Welsh Government announces launch date for NewBuy Cymru

Mortgages

Welsh Government announces launch date for NewBuy Cymru

Minister for Housing and Regeneration, Carl Sargeant, has announced that the Welsh Government’s flagship mortgage guarantee scheme will be launched on 3 June.

25 Mar 2013

Mortgage approvals down in February

Mortgages

Mortgage approvals down in February

The latest data from the British Bankers' Association showed that February's gross mortgage borrowing of £7.8bn was above the recently monthly average.

25 Mar 2013

L&G pays out record number of claims in 2012

Protection

L&G pays out record number of claims in 2012

Legal & General Retail Protection has paid more claims than ever before, a total of £483 milllion combined death and critical illness claims in 2012, up from £441 million in 2011 and over £1.2 billion paid out since 2009.

25 Mar 2013

Tenet extends permanent solution to PII run-off dilemma

Mortgages

Tenet extends permanent solution to PII run-off dilemma

In what is believed to be the first commercially-available product of its kind, Tenet announced the launch of a permanent PII run-off cover policy during 2012 in the run up to RDR to support advisers leaving the industry or selling their practice.

25 Mar 2013

More than a million over-55s still paying mortgages

Mortgages

More than a million over-55s still paying mortgages

More than 1.3 million over-55s households are still paying mortgages with 289,000 over-65s owing money on their home loan, according to analysis by innovative equity release lender More 2 Life.

25 Mar 2013

Brightstar's Rob Collins urges brokers to reconsider commercial mortgages

Brightstar's Rob Collins urges brokers to reconsider commercial mortgages

Brightstar Financial’s commercial mortgage specialist, Rob Collins, is urging brokers to reconsider turning away commercial mortgage enquiries, in the wake of a telephone poll carried out among brokers.

25 Mar 2013

Ed Balls says new mortgage scheme will not exclude people buying second homes

Mortgages

Ed Balls says new mortgage scheme will not exclude people buying second homes

Ed Balls MP, Labour's Shadow Chancellor, responding to revelations that the government's mortgage scheme will not exclude people buying second homes, said:

22 Mar 2013

AXA Wealth has increased the range of available investment funds

Savings & Investments

AXA Wealth has increased the range of available investment funds

In total, AXA Wealth has made 11 Carmignac Gestion funds available through Elevate

22 Mar 2013

Old Burlington Investments launches guide to AIM

Savings & Investments

Old Burlington Investments launches guide to AIM

Old Burlington Investments (OBI), the alternative investments specialist, has launched a detailed educational guide to AIM and the Enterprise Investment Scheme (EIS) as part of its on-going support for financial intermediaries

22 Mar 2013

More than half of CTF savers have cut back or stopped investing

Retirement

More than half of CTF savers have cut back or stopped investing

Parents and grandparents should review accounts, says Consumer Intelligence

22 Mar 2013

Legal & General launches a three-year variable-rate 95% mortgage

Mortgages

Legal & General launches a three-year variable-rate 95% mortgage

Legal & General Mortgage Club is pleased to announce the launch of a semi-exclusive three-year variable-rate 5.79% product with Teachers Building Society

22 Mar 2013

Gross remortgage lending slips back in February

Mortgages

Gross remortgage lending slips back in February

LMS figures reveal that monthly gross remortgage lending decreased by £325m in February to £2.6bn. This is down 11.3% on January’s £2.9bn reported by the Council for Mortgage Lenders last week.

22 Mar 2013

Hinckley & Rugby reveals £30m pipeline of mortgage applications

Mortgages

Hinckley & Rugby reveals £30m pipeline of mortgage applications

Hinckley & Rugby Building Society has a £30m pipeline of mortgage applications as it gears up for growth. The trading update comes as members gathered yesterday at the Society’s AGM.

21 Mar 2013

A trip to New York...

A trip to New York...

..the New York Stadium in Rotherham, that is!

21 Mar 2013

Over a third confused over pensions following government changes

Retirement

Over a third confused over pensions following government changes

New research from pension provider Friends Life reveals that following the wide range of rule changes around pension savings in 2012, over a third (36%) of the UK population are now more confused about their pension choices.

21 Mar 2013

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