Latest News

FCA plans to extend mortgage rules to crowdfunding

FCA plans to extend mortgage rules to crowdfunding

The FCA plans to modify a number of rules relating to the crowdfunding market, and is considering extending mortgage-lending standards to loan-based platforms.

09 Dec 2016

Aldermore appoints Head of Intermediary Distribution

Aldermore appoints Head of Intermediary Distribution

Aldermore has announced the appointment of Roger Evans as Head of Intermediary Distribution.

09 Dec 2016

BTL listings surge in November

BTL listings surge in November

According to the latest data from crowdfunding platform, Property Partner, there has been a surge in the number of new buy-to-let properties coming to market as almost six out of ten UK towns and cities saw a rise during November.

09 Dec 2016

Coventry launches 2 year fix at 1.29%

Coventry launches 2 year fix at 1.29%

Coventry for intermediaries has announced today that it has reduced rates for selected 2 Year Fixed products at 50- 90% LTV, across its Buy to Let and Residential ranges including its lowest ever 2 Year Fixed rate at 1.29%.

09 Dec 2016

Has the stamp duty rise caused prime housing sales to crash?

Has the stamp duty rise caused prime housing sales to crash?

According to a new report from London Central Portfolio (LCP), in the six months since the Government raised stamp duty on second properties, the revenue from stamp duty has actually fallen by £500m.

09 Dec 2016

MAB launches Australian arm

MAB launches Australian arm

Mortgage Advice Bureau has announced that it has completed its investment in its new Australian joint venture, MAB Broker Services Pty Ltd.

09 Dec 2016

Hodge Lifetime joins MCI panel

Hodge Lifetime joins MCI panel

Hodge Lifetime has become the latest lender to join MCI Mortgage Club’s growing panel, joining the likes of Nationwide, Woolwich and Lloyds Banking Group.

09 Dec 2016

Supporting the work of the CA

Supporting the work of the CA

Sometimes I look at the conveyancing market and the actions of certain stakeholders, and wonder what consumers think of it all.

09 Dec 2016

Mortgage Brain launches new second charge sourcing solution

Mortgage Brain launches new second charge sourcing solution

Technology and software solutions expert, Mortgage Brain, has announced that it has developed a secured loans solution for Tenet, enhancing its second charge proposition.

08 Dec 2016

Two in five workers forced to retire early

Two in five workers forced to retire early

The latest report from Aegon has revealed that although many of us in the UK have a target age we would like to retire at, nearly two in five (38%) of today’s retirees were forced to stop working before they reached it.

08 Dec 2016

 

Hinckley & Rugby welcome two new networks to its Privileged Partners Group

Hinckley & Rugby welcome two new networks to its Privileged Partners Group

Hinckley & Rugby BS has announced today that it has welcomed two networks of mortgage brokers to its select group of Privileged Partners.

08 Dec 2016

Uinsure increases CSI to £75,000

Uinsure increases CSI to £75,000

Uinsure is increasing the Contents Sum Insured on its residential Home Insurance policy from £60,000 to £75,000.

08 Dec 2016

Al Rayan Bank surpasses £1 billion in assets

Al Rayan Bank surpasses £1 billion in assets

Al Rayan Bank has announced that the value of its retail and commercial assets has surpassed £1 billion for the first time.

08 Dec 2016

Y3S announces record £30m quarter

Y3S announces record £30m quarter

Y3S Group has announced a record quarter of completions via its second charge loan brands, Y3S Loans and Chaseblue Loans.

08 Dec 2016

Treasury hires Nucleus chief as fintech envoy

shutterstock_156997538.jpg

Treasury hires Nucleus chief as fintech envoy

The Treasury has appointed Nucleus founder and chief executive David Ferguson as a regional fintech envoy to boost the growth of fintech in Scotland, to raise its profile and ensure the UK remains competitive in the market.

08 Dec 2016

Pepper launches 30-month fixed rate

Rob Barnard - Aldermore

Pepper launches 30-month fixed rate

Pepper Homeloans has launched a limited edition residential mortgage offering 30-month fixed rates.

08 Dec 2016

Housing sales to see 'slow recovery' in 2017: RICS

Housing sales to see 'slow recovery' in 2017: RICS

Sales activity in the residential market is increasing, but a slow start to 2017 is expected due to a lack of stock, according to the November RICS Residential Market Survey.

08 Dec 2016

Conveyancing transactions soar 55% in three years

Conveyancing transactions soar 55% in three years

Productivity levels in the conveyancing market increased by a significant 55% over three years to reach an average rate of 110 transactions per conveyancer last year, according to Search Acumen.

08 Dec 2016

GDP growth steady but could fall 3.4% post-Brexit: NIESR

GDP growth steady but could fall 3.4% post-Brexit: NIESR

NIESR's latest UK GDP estimate suggests that output grew by 0.4% in the three months ending in November 2016.

07 Dec 2016

FCA and Hong Kong regulator announce new partnership

FCA and Hong Kong regulator announce new partnership

The FCA and the Hong Kong Monetary Authority have entered into a Co-operation Agreement to help promote financial innovation.

07 Dec 2016

Paragon launches graduated ICR in criteria shake-up

Paragon launches graduated ICR in criteria shake-up

Paragon is making changes to its affordability assessment for buy-to-let mortgages in response to the PRA’s new underwriting standards which will be implemented in April 2017.

07 Dec 2016

Over half to enter retirement with mortgage debt

Over half to enter retirement with mortgage debt

54% of mortgagees will still have over £10,000 left to pay at retirement, according to new more 2 life research.

07 Dec 2016

HSBC among three banks fined €485m for interest rate rigging

HSBC among three banks fined €485m for interest rate rigging

The European Commission has fined Crédit Agricole, HSBC and JPMorgan Chase a total of €485 million for participating in a cartel which rigged the Euribor benchmark.

07 Dec 2016

Cost of running DB scheme up 37%

Cost of running DB scheme up 37%

Costs for operating defined benefit schemes have increased by 37% year-on-year, according to The Pensions and Lifetime Savings Association.

07 Dec 2016

Number of remortgage applications completing rises in Q3: IMLA

Number of remortgage applications completing rises in Q3: IMLA

A higher proportion of remortgage applications resulted in lender offers in Q3 2016, despite the fallout from the Brexit vote, according to the Intermediary Mortgage Lenders Association.

07 Dec 2016

House price growth accelerates in November: Halifax

House price growth accelerates in November: Halifax

The annual rate of house price growth has increased for the first time for eight months, according to the latest Halifax house price index.

07 Dec 2016

Leeds launches lower stress rates for BTL remortgages

Leeds launches lower stress rates for BTL remortgages

Leeds Building has announced a number of criteria changes in response to the PRA’s new underwriting standards for buy-to-let mortgages.

07 Dec 2016

Remortgaging drives November growth as BTL valuations fall

Remortgaging drives November growth as BTL valuations fall

Remortgaging activity is continuing to drive growth in the market, whereas buy-to-let valuations have fallen following the Chancellor’s ban on lettings fees, according to Connells Survey & Valuation.

07 Dec 2016

Latest Money Careers

Popular this week

Specialist Lending Roadshow June 2017

20th-23rd June

4 days
7 specialists
4 locations
Free to attend

Click here to register now