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Leeds BS changes LTI criteria

Leeds BS changes LTI criteria

Leeds Building Society has announced that it has adjusted its LTI (loan to income) criteria for some borrowers.

13 Mar 2017

Lifetime mortgage completions top £600m at L&G

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Lifetime mortgage completions top £600m at L&G

Legal & General has announced that it has generated more than £600 million in lifetime mortgage completions and achieved an overall market share of 29% during 2016.

13 Mar 2017

UK consumer debt hits £240bn

UK consumer debt hits £240bn

According to the latest insight from MoneySuperMarket, Brits' growing reliance on debt has now hit £240bn.

13 Mar 2017

House prices surge at fastest pace in 12 months

House prices surge at fastest pace in 12 months

The latest data from Your Move has revealed that house prices grew at their fastest pace for 12 months in February, with average prices increasing 0.6% - double the rate in January

13 Mar 2017

Accord launch new remortgage products

Accord launch new remortgage products

Accord Mortgages has announced that it has launched two new fixed rate products that have added features to help borrowers manage the upfront cost of remortgaging.

13 Mar 2017

Vida launches new calculator offering 10 minute DIP

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Vida launches new calculator offering 10 minute DIP

Vida Homeloans has launched its new online Residential Max Loan Calculator designed to help intermediaries find the right solution for clients who may not fit high street criteria.

13 Mar 2017

In the Spotlight with Steve Ellis, Legal & General Home Finance

In the Spotlight with Steve Ellis, Legal & General Home Finance

We spoke to Steve Ellis, Managing Director at Legal & General Home Finance, about the need for holistic retirement advice planning and the changing face of equity release.

10 Mar 2017

The Mansfield ups maximum BTL loan size to £500,000

The Mansfield ups maximum BTL loan size to £500,000

Mansfield Building Society has increased its maximum loan size from £300,000 to £500,000 across its entire buy-to-let mortgage range as well as increasing its portfolio limit to 15 mortgages outstanding with other lenders.

10 Mar 2017

CML: FCA is asking "far too much" from lenders

CML: FCA is asking "far too much" from lenders

The CML's director general Paul Smee says that the FCA's mortgage market study has recently resulted in significant levels of data being requested from lenders.

10 Mar 2017

Quarterly GDP growth slows to 0.6%: NIESR

Quarterly GDP growth slows to 0.6%: NIESR

The National Institute of Economic and Social Research estimates that GDP output grew by 0.6% in the three months ending in February 2017.

10 Mar 2017

 

Self-employed NICs vote delayed until autumn

Self-employed NICs vote delayed until autumn

Theresa May has announced that the changes to national insurance for self-employed workers will require legislation of its own which will be brought forward in the autumn.

10 Mar 2017

Budget 2017
Spring Budget: a damp squib for the mortgage market

Budget 2017
Spring Budget: a damp squib for the mortgage market

In housing and mortgage circles this month’s Budget was deemed a ‘damp squib’ by many commentators because of the lack of measures aimed at these sectors. Over the recent past, we have become so accustomed to big-ticket announcements that have far-reaching impacts on our sector, that to have a Budget which pretty much contained nothing of note was a rather odd experience.

10 Mar 2017

Second charge lending falls 11%: FLA

Second charge lending falls 11%: FLA

Second charge mortgage new business fell 6% by value and 11% by volume in January compared with the same month in 2016, according to figures from the Finance & Leasing Association.

10 Mar 2017

Accord launches fee-free remortgage deals

Accord launches fee-free remortgage deals

From Monday 13th March, Accord Mortgages is launching two fixed-rate remortgage products with no up-front fees.

10 Mar 2017

FCA to reform DB transfer redress calculations

FCA to reform DB transfer redress calculations

The FCA plans to update the methodology used to calculate redress owed to consumers who were given unsuitable advice to transfer out of a defined benefit pension scheme.

10 Mar 2017

House prices outpace owners’ earnings in a third of districts

House prices outpace owners’ earnings in a third of districts

Average house prices have increased by more than employees’ net earnings in 31% of UK local authority districts in the past two years, according to Halifax research.

10 Mar 2017

NatWest Intermediary Solutions to launch in Northern Ireland

NatWest Intermediary Solutions to launch in Northern Ireland

NatWest Intermediary Solutions will launch in Northern Ireland next month, offering mortgage brokers exactly the same proposition, lending criteria and policy as in England, Wales and Scotland.

09 Mar 2017

46% think buying property is best way to save for retirement

46% think buying property is best way to save for retirement

46% of adults thought buying property would be the best way of making money for their retirement in 2014-16, according to the Wealth and Assets Survey carried out by the Office for National Statistics.

09 Mar 2017

FCA and Japanese regulator to support fintech firms

FCA and Japanese regulator to support fintech firms

The Financial Services Agency of Japan and the FCA have established a new framework in a bid to support fintech companies.

09 Mar 2017

Age Partnership to support YBS interest-only clients

Age Partnership to support YBS interest-only clients

Yorkshire Building Society has linked up with Age Partnership to offer support to its interest-only maturity clients.

09 Mar 2017

Self-employed state pension boost 'dwarfs' NICs rise: Royal London

Self-employed state pension boost 'dwarfs' NICs rise: Royal London

Royal London says that the state pension boost which many self-employed people have received under recent reforms is "significantly greater" than the amount which the self-employed will lose through new National Insurance Contributions changes.

09 Mar 2017

Co-Op Bank reports £477m annual loss

Co-Op Bank reports £477m annual loss

Co-Operative Bank has reported a statutory loss before tax of £477.1m in 2016 as it "continued to be impacted by legacy issues".

09 Mar 2017

Transactions and buyer enquiries remain flat: RICS

Transactions and buyer enquiries remain flat: RICS

Residential transaction volumes and new buyer enquiries both remained flat in February, pointing to a relatively modest rise in activity in the months to come, according to the latest RICS UK Residential Market Survey.

09 Mar 2017

Aviva to return capital to shareholders as profits rise 12%

Aviva to return capital to shareholders as profits rise 12%

Aviva has reported a 12% rise in its operating profit to £3bn, underpinned by strong performances from Aviva Investors and its UK and Ireland General Insurance arm.

09 Mar 2017

New call recording device launches ahead of MiFID II

New call recording device launches ahead of MiFID II

British technology startup Callbox has launched a new call recording device to help IFAs stay compliant ahead of the anticipated announcement of the FCA’s MiFID II rules in June.

09 Mar 2017

Half of advisers think clients are being overcharged

Half of advisers think clients are being overcharged

Nearly half (47%) of advisers think that some clients are overpaying for the value of advice they receive, according to New Model Business Academy research.

09 Mar 2017

Paragon Bank launches new 3-year fixed rate ISA

Paragon Bank launches new 3-year fixed rate ISA

Paragon Bank is launching a new 3-year fixed rate cash ISA with an interest rate of 1.40% AER.

08 Mar 2017

Budget 2017
Spring Budget: Chancellor’s ‘attack’ on self-employed draws industry criticism

Budget 2017
Spring Budget: Chancellor’s ‘attack’ on self-employed draws industry criticism

Today’s Spring Budget saw Chancellor Philip Hammond announce higher taxes for the self-employed – with class 4 National Insurance Contributions, or NICs, increase from 1% to 10% in 2018.

08 Mar 2017

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