Latest News

National Friendly launches new PMI plans

National Friendly launches new PMI plans

National Friendly has revamped its PMI solution to offer two distinct policies, an In-Patient Plan and a Diagnosis Plus Plan.

30 May 2017

Foundation Home Loans appoints Product Manager

Foundation Home Loans appoints Product Manager

Foundation Home Loans appointed Andrew Moss as Product Manager to manage both the company’s product range and proposition, now operating in both the buy-to-let and residential sector.

30 May 2017

Newcastle Intermediaries launches 80% LTV range

Newcastle Intermediaries launches 80% LTV range

Newcastle Intermediaries has launched a new 80% LTV product range with rates from 1.85%.

30 May 2017

Housing demand drops amid election uncertainty: NAEA

Housing demand drops amid election uncertainty: NAEA

The number of house hunters fell in April, as uncertainty triggered by the snap General Election started to take effect, according to the National Association of Estate Agents.

30 May 2017

Masthaven appoints Clever Lending as Premier Partner

Masthaven appoints Clever Lending as Premier Partner

Clever Lending has been appointed as a Premier Partner of Masthaven Bank to distribute its specialist residential and commercial bridging finance products.

30 May 2017

A third of interest-only mortgages to mature by 2020

A third of interest-only mortgages to mature by 2020

Over £50 billion worth of interest-only mortgage capital is due to be paid off by 2020, according to research from Leeds Building Society.

30 May 2017

Social care could change retirement forever

Social care could change retirement forever

We all understand that the elderly population is growing at a great rate. Every government has known this for decades, but few have tried to tackle the causes and effects in any direct way. The reason for this tentative approach is probably down to short-termism – what government is going to risk going after the biggest and most influential voting group in the country when they need to be re-elected five years later? Well, now we know. One that feels so secure in its lead that they can make bold moves without any real fear of defeat.

29 May 2017

The housing challenge for the Northern Powerhouse

The housing challenge for the Northern Powerhouse

It is almost three years since George Osborne, then the Chancellor of the Exchequer, first spoke about his desire to build a Northern Powerhouse. A lot has changed since then, not least for Osborne who is now leaving the House of Commons to pursue a career away from politics’ frontlines.

26 May 2017

FCA reveals final annuity comparison rules for intermediaries

FCA reveals final annuity comparison rules for intermediaries

The FCA has today set out its final rules which require firms to inform consumers how much they could gain from shopping around and switching provider, before they buy an annuity.

26 May 2017

FTBs underestimate mortgage repayments by up to 64%

FTBs underestimate mortgage repayments by up to 64%

The majority of aspiring first-time buyers ‘wildly’ underestimate how much their first home will cost, according to research by My Home Move.

26 May 2017

 

Will the housing market get a boost from new retirees?

Will the housing market get a boost from new retirees?

Research from Retirement Advantage suggests the UK’s property market may receive a welcome boost from retirees moving house in a bid to bolster their income in retirement.

26 May 2017

HSBC cuts higher-LTV rates by up to 15bps

HSBC cuts higher-LTV rates by up to 15bps

HSBC has made reductions to its higher-LTV rates by up to 15bps.

26 May 2017

more 2 life urges advisers to think outside the box in new campaign

more 2 life urges advisers to think outside the box in new campaign

more 2 life has today launched a campaign urging advisers to see ‘The Bigger Picture’ when communicating with their clients.

26 May 2017

The Mortgage Lender partners with Clever Lending

The Mortgage Lender partners with Clever Lending

The Mortgage Lender has added Clever Lending to its network of distribution partners.

26 May 2017

Pure Funding Solutions adds Octane Capital to panel

Pure Funding Solutions adds Octane Capital to panel

‘Productless’ new lender Octane Capital has been added to Pure Funding Solutions’ panel of lenders.

26 May 2017

Marsden BS appoints two new BDMs

Marsden BS appoints two new BDMs

Marsden Building Society has appointed two new Business Development Managers, Jacqui Turner and Tina Panayi.

26 May 2017

Southern cities see "stark slowdown" in house price growth

Southern cities see "stark slowdown" in house price growth

City level house price growth dropped to 5.3% in April, a significant slowdown from the 8.7% registered in April 2016, according to the latest Hometrack UK Cities House Price Index.

26 May 2017

Added extras or part of the service offering?

Added extras or part of the service offering?

Two articles recently caught my attention. The first commented upon the commission mortgage advisers could be missing out on due to their not reviewing the adequacy of their clients’ home insurance. The second was a report on the Equity Release Council’s white paper, ‘Equity Release Rebooted: The Future of Housing Equity as Retirement Income’, in which it was stated that some equity release advisers need to refresh their soft skills.

25 May 2017

Mortgage broker revenues up 24% as intermediary sales soar: FCA

Mortgage broker revenues up 24% as intermediary sales soar: FCA

Total reported revenue earned from the mediation of regulated mortgages increased by 24% between 2015 and 2016 and by 53% between 2013 and 2016 from £529 million to £807 million, according to the latest FCA data.

25 May 2017

Remortgage approvals dip in April: BBA

Remortgage approvals dip in April: BBA

House purchase and remortgaging approvals fell in April despite record low rates, according to the latest BBA figures.

25 May 2017

Secure Trust expands partnership with Brightstar

Secure Trust expands partnership with Brightstar

Secure Trust Bank has extended its partnership with Brightstar Financial to make its mortgages available to more intermediaries across the UK.

25 May 2017

UK GDP growth revised down to 0.2%

UK GDP growth revised down to 0.2%

The ONS has revised down its estimate of GDP growth between Q4 2016 and Q1 2017 by 0.1 percentage points.

25 May 2017

Gross mortgage lending drops 11% in April: CML

Gross mortgage lending drops 11% in April: CML

The Council of Mortgage Lenders estimates that gross mortgage lending reached £18.4 billion in April.

25 May 2017

Step One expands product range and sales teams

Step One expands product range and sales teams

Specialist lender Step One Finance has reduced rates across the majority of its products and has made a number of improvements to its lending criteria.

25 May 2017

Election having 'minimal' effect on housing market: MAB

Election having 'minimal' effect on housing market: MAB

The UK housing market remained steady in April, despite the news of a General Election being called for June and ongoing economic and political uncertainty around Brexit, according to Mortgage Advice Bureau research.

25 May 2017

Small deposit lending increases for fourth consecutive month

Small deposit lending increases for fourth consecutive month

Small deposit buyers continued to increase their share of the UK mortgage market in April, representing 21.5% of all lending, according to e.surv data.

25 May 2017

Just Mortgages launches broker training academy

Just Mortgages launches broker training academy

Just Mortgages has launched a training academy to bring more mortgage brokers into the industry, with the first course taking place in three weeks’ time on the 15th June.

25 May 2017

Bluestone increases proc fee to 0.5% as part of product overhaul

Bluestone increases proc fee to 0.5% as part of product overhaul

Bluestone Mortgages has announced that it will increase procuration fees from 0.4% to 0.5% as part of a strategic product overhaul.

24 May 2017

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