Latest News

Newcastle Intermediaries launches new self-employed range

Newcastle Intermediaries launches new self-employed range

Newcastle Intermediaries has launched a revised range of mortgages available exclusively for self-employed borrowers.

31 Jan 2017

Bridging lending rises by 11.5% in 2016

Bridging lending rises by 11.5% in 2016

Bridging loan volumes rose by £50.1m (11.5%) to £482.61m in 2016, despite a volatile year that saw issuance levels rise and fall against major political events, according to the latest Bridging Trends data.

31 Jan 2017

Accord adds five products to offset range

Accord adds five products to offset range

Accord Mortgages has introduced five new options to its offset range, including a choice of mortgages with no upfront product fee.

31 Jan 2017

New asset-finance sourcing platform launches

New asset-finance sourcing platform launches

Financial services broker Midlands Asset Finance has launched a new online platform - Asset Finance Compared - which aims to simplify the process of sourcing and applying for asset finance.

31 Jan 2017

Remortgage lending soars to new post-crisis high: BoE

Remortgage lending soars to new post-crisis high: BoE

Remortgage approvals continued to rise in December, hitting a new eight-year high of 47,721, according to the latest Bank of England Money and Credit figures.

31 Jan 2017

F&TRC launches robo-advice service ratings

F&TRC launches robo-advice service ratings

F&TRC has launched a new division which analyses and rates digital advice propositions in what it says is the first research of its kind for the sector.

31 Jan 2017

FCA fines Deutsche Bank record £163m for money laundering failings

FCA fines Deutsche Bank record £163m for money laundering failings

The FCA has fined Deutsche Bank £163,076,224 for "failing to maintain an adequate anti-money laundering control framework" which enabled the transfer of approximately $10 billion, of unknown origin, from Russia to offshore bank accounts.

31 Jan 2017

L&G pays out £180m through Early Warning System

L&G pays out £180m through Early Warning System

Legal & General paid out £44 million in 2016 as a direct result of its Early Warning System and has now paid out a total of £180.7 million from 2,411 claims as a direct result of the introduction of the system in 2010.

31 Jan 2017

OneFamily launches flexible interest lifetime mortgages

OneFamily launches flexible interest lifetime mortgages

OneFamily has launched two new lifetime mortgage products which allow consumers to choose how much interest they want to pay and for how long on either a fixed or a variable interest rate.

31 Jan 2017

Remortgagors borrowing £15,000 more as record low rates continue

Remortgagors borrowing £15,000 more as record low rates continue

Homeowners remortgaged for an average of £15,000 more in 2016 than they did two years ago, borrowing around £181,000 compared to £166,000 in 2014, according to My Home Move research.

30 Jan 2017

 

CML supports launch of new social housing regulator

CML supports launch of new social housing regulator

The Council of Mortgage Lenders says it supports moves to set up a new regulator for the social housing sector, independent of the Homes and Communities Agency.

30 Jan 2017

L&G Home Finance appoints Steve Ellis as Managing Director

L&G Home Finance appoints Steve Ellis as Managing Director

Steve Ellis has been appointed as Managing Director of Legal & General Home Finance after previously holding the position of Chief Operating Officer within the business.

30 Jan 2017

The Share Centre to launch Lifetime ISA

The Share Centre to launch Lifetime ISA

The Share Centre says it will offer the new Lifetime ISA from its launch date on April 6th.

30 Jan 2017

Equity release referral cases double the average size

Equity release referral cases double the average size

Equity release referrals saw growth of more than 71% in 2016 with referral customers releasing an average £100,598 – almost double the £55,260 on average released by customers going direct to advisers, according to Key Partnerships.

30 Jan 2017

Cover Choice launches dedicated broker site

Cover Choice launches dedicated broker site

Protection and PMI specialist Cover Choice has launched a dedicated broker website for regulated firms that prefer to outsource their protection.

30 Jan 2017

Tilney Bestinvest rebrands following Towry merger

Tilney Bestinvest rebrands following Towry merger

Financial planning and investment group Tilney Bestinvest has rebranded as the Tilney Group following the acquisition and integration of Towry which completed in August 2016.

30 Jan 2017

Government reduces Lloyds stake to below 5%

Government reduces Lloyds stake to below 5%

The government has reduced its stake in Lloyds Banking Group to below 5%.

30 Jan 2017

Tracey McDermott to join Standard Chartered

Tracey McDermott to join Standard Chartered

Tracey McDermott, former Acting Chief Executive of the FCA, is set to join Standard Chartered.

30 Jan 2017

Connect launches residential permissions

Connect launches residential permissions

Connect for Intermediaries has expanded its mortgage network proposition to include residential permissions.

30 Jan 2017

In the Spotlight with Darren Pescod, The Mortgage Broker

In the Spotlight with Darren Pescod, The Mortgage Broker

We spoke to Darren Pescod, managing director at The Mortgage Broker, about opportunities and challenges in the mortgage market in 2017.

27 Jan 2017

Crowd bonds and the IFISA: what you need to know

Crowd bonds and the IFISA: what you need to know

Peer-to-peer; crowd bonds; equity crowdfunding; marketplace lending. Welcome to the confusing world of crowdfunding.

27 Jan 2017

Mortgage affordability increases as average incomes drop 8%

Mortgage affordability increases as average incomes drop 8%

More households are now able to borrow to either buy their next property or refinance their existing home as affordability increases, according to data from the Mortgage Advice Bureau.

27 Jan 2017

TSB reveals record new mortgage lending in 2016

TSB reveals record new mortgage lending in 2016

TSB has announced its financial results for the year to 31 December 2016, revealing a record £6.6bn of new mortgage advances through 2016.

27 Jan 2017

Together agrees new £90m credit facility

Together agrees new £90m credit facility

Specialist lender Together has announced today that it has successfully agreed a new facility of £90 million, targeted at funding its bridging finance activity.

27 Jan 2017

New survey reveals bullish employment prospects in financial advice

New survey reveals bullish employment prospects in financial advice

According to a new Personal Finance Society (PFS) survey, more than three quarters of financial advice firms are considering taking on additional staff in the next few years.

27 Jan 2017

FCA's Bailey says regulation has not stifled growth

FCA's Bailey says regulation has not stifled growth

FCA chief executive Andrew Bailey has claimed the regulatory response to the financial crisis has not prevented ecnomic growth or competition, in a conference speech given yesterday in Berlin.

27 Jan 2017

Shorter days, darker nights: Making sure clients are protected this winter

Shorter days, darker nights: Making sure clients are protected this winter

According to the Office for National Statistics’ (ONS) 2015 Crime Survey for England and Wales (CSEW) report, there were an estimated 785,000 incidents of domestic burglary in the UK, with each theft netting an average haul of £2,267.

27 Jan 2017

Blacks Connect creates 'sales dream team'

Blacks Connect creates 'sales dream team'

Blacks Connect has bolstered its sales team with three key appointments.

27 Jan 2017

Popular this week